BANKING TEST -1
1.
Savings Accounts can be opened by
1)
all individuals fulfilling KY C norms
2)
all tax payers
3)
all individuals above the age of 18
4)
all businessmen
5)
all students below the age of 18
2.
Choose the correct sentence
1)
KYC norms are not
applicable for Financial Inclusion
2)
Loans can be
granted to students at a low rate of interest
3)
Home loans are not
useful for public
4)
NRI customers are
not profitable customers
5)
Online marketing
is very costly
3.
In a Savings Account, money can be deposited on
1)
Monthly basis
2)
As per the
convenience of the depositor
3)
Annual basis
4)
In one lump sum
5)
Quarterly basis
4.
Which of the following terms is not related to banking?
(1) Repayment
(2) Loan
(3) NPA
(4) Fasting
(5) Deposit
5.
Insurance
cover for bank deposits in our country is provided by-
(1) SBI
(2) Government of India
(3) GIC
(3) GIC
(4) LIC
(5) DICGC
6.
Insurance
cover for bank deposits in our country is provided by-
(1) SBI
(2) Government of India
(3) GIC
(3) GIC
(4) LIC
(5) DICGC
7.
The Headquarters of International Monetary Fund (IMF) is in—
(1) Manila
(2) Paris
(3) Washington DC
(4) London
(5) Jakarta
8.
What
does the letter 'L' stands for in the term LAF commonly used in
financial/economic news?
(1) Liquidity
(2) Least
(3) Liabilities
(3) Liabilities
(4) Long
(5) Liquid
(5) Liquid
9.
Which
of the following is not a primary function of a Bank?
(1) Granting Loans
(2) Collecting Cheques/Drafts of
customers
(3) Facilitating import of goods
(4) Issuing Bank Drafts
(5) Selling Gold/Silver Coins
10.
Which
of the following represents correct meaning of 'REPO RATE' ?
(1) Rate on which RBI sells Government
Securities to Banks
(2) Rate for borrowing rupees by banks
from RBI
(3) Rate offered by banks to their
prime customers
(4)Rate applicable for grant of priority sector loans
(5) None of these
ANSWER:
1.
1
2.
2
3.
2
4.
4
5.
5
6.
3
7.
1
8.
3
9.
2
10. 1
