BANKING QUIZ -
7 FOR
SBI CLERK &
PO
1. Bank rate policy,
open market operations, variable reserve requirements and statutory liquidity
requirements as measures of credit control are classified as:
(a) Weighted average methods
(b) Qualitative methods
(c) Quantitative methods
(d) None of the above
(e) both (a) and (b)
2. Which is the
authority in India for effecting changes in the cash reserve ratio and
statutory liquidity ratio?
(a) RBI
(b) Government of India
(c) Indian banks Association
(d) CRR and SLR association
(e) None of the above
3. Bank rate means________?
(a) The rate of interest charged by the bank
on advances
(b) The standard rate at which
the RBI is prepared to buy or to rediscount eligible bills of exchange or other
commercial papers of commercial banks
(c) The rate of interest paid by
banks on the deposits
(d) None of the above
(e) All of the above
4. Which of the
following is the percentage of total deposits of a bank which it has to keep
with itself in the form of liquid assets?
(a) Cash Ratio
(b) Cash Reserve Ratio (CRR)
(c) Statutory Reserve Ratio
(d) Statutory Liquidity Ratio
(SLR)
(e) None of these
5. Which of the
following organizations is the Mutual Fund Market regulator?
(a) AMFI
(b) CIBIL
(c) SEBI
(d) CRISIL
(e) RBI
6. Insurance business
in India is regulated by________?
(a) Life Insurance Corporation of India
(b) Reserve Bank of India
(c) Insurance Companies Act
(d) SEBI
(e) Insurance Regulatory and
Development Authority (IRDA)
7. Full form of “ECB”
in financial terms?
(a) Essential Commercial Borrowings
(b) Essential Credit &
Borrowings
(c) External Credit &
Business
(d) External Commercial
Borrowings
(e) None of the above
8. Banking is defined
under which act?
(a) Negotiable Instrument Act, 1881
(b) Banking Regulation Act, 1949
(c) Reserve Bank of India Act,
1935
(d) nowhere, it is defined
(e) Both 1 and 2
9. Savings bank
accounts are generally opened by________?
(a) firms
(b) individuals
(c) association of persons
(d) companies
(e) none of these
10. Which of the
following rates decided by the RBI is called “Policy Rate”?
(a) Bank Rate
(b) Cash Reserve Ratio
(c) Lending Rate
(d) Deposit Rate
(e) None of the above
11. The Head Office of
which of the following banks is in Mumbai?
(a) Punjab National Bank
(b) Bank of Maharashtra
(c) UCO Bank
(d) State Bank of India
(e) None of the above
12. Which of the
following is NOT a type of cheque issued by an individual?
(a) Bearer cheque
(b) Order cheque
(c) Savings cheque
(d )Crossed cheque
(e) None of the above
13. “Sensitive Index”
of Bombay Stock Exchange is called ______
(a) Forex
(b)NIFTY
(c) Sensex
(d) LIBOR
(e) None of the above
14. Full Form of “FRBM”
in financial context?
(a) Financial Responsibility and Business
management
(b) Fiscal Responsibility and
Business management
(c) Financial Responsibility and Budget
Management
(d) Formal Responsibility and
Business Management
(e) Fiscal Responsibility and
Budget Management
ANSWER
1.C, 2.A, 3.B, 4.D, 5.C, 6.E, 7.D, 8.B, 9.B, 10.A, 11.D,
12.C, 13.C,14.E,
