BANKING QUIZ -40 FOR IBPS-PO &CLERK EXAM
1. Which of the
following economic concepts is categorized on the basis of Current Account or
Capital Account or both?
A.
Gross National Income(GNI)
B.
Value of the food grain stock of a country
C.
Gross National Product
D.
Balance of Payments
E.
Total collection of Direct Taxes in a year
2. When there is a
difference between all receipts and expenditure of the Government of India both
capital and revenue it is called __________
A.
Revenue Deficit
B.
Zero Budgeting
C.
Budgetary Deficit
D.
Trade Gap
E.
Balance of Payment Problem
3. Lack of access to
financial services is technically known as ______
A.
Financial Exclusion
B.
Financial Stability
C.
Financial Inclusion
D.
Financial Instability
E.
Poverty
4. Balance in a current
account is classified as ________
A.
Hybrid Deposit
B.
Demand Deposit
C.
Term Deposit
D.
Flexi Deposit
E.
other than those given as options
5. The Foreign exchange
of India is kept with _________
A.
RBI
B.
ECGC
C.
SBI
D.
NABARD
E.
other than those given as options
6. In which of the
following types of banking, there is a direct execution of transaction between
a bank and its consumers?
A.
Virtual Banking
B.
Universal Banking
C.
Retail Banking
D.
Unit Banking
E.
other than those given as options
7. Deposits under
Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of
_______
A.
15 days
B.
3 months
C.
6 months
D.
1 year
E.
7 days
8. Which of the
following is the most liquid money?
A.
M2
B.
M1
C.
Securities
D.
M3
E.
Call Money
9. Saudi Arabia based
Islamic Development Bank has announced to open its first branch in India at
A. Varanasi
B. Mumbai
C. Bengaluru
D. Hyderabad
E. Ahmedabad
10. When the repayment
of a loan starts after certain period of its disbursement, that period is
called ________.
A. Moratorium
B. Foreclosure
C. Diffusion
D. Esoteric
E. None of these
ANSWER KEY
1.D, 2.C, 3.A, 4.B, 5.A, 6.C, 7.D, 8.B, 9.E, 10.A,
