COMPREHENSIVE BANKING KNOWLEDGE: QUIZ 1.

Created on March 22, 2025 By

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COMPREHENSIVE BANKING KNOWLEDGE

COMPREHENSIVE BANKING KNOWLEDGE QUIZ 1

Category: COMPREHENSIVE BANKING KNOWLEDGE

1.

WHAT IS 'SECURITIES TRANSACTION TAX (STT)' IN INDIA?

A) TAX PAID ON LOANS PROVIDED BY BANKS

B) TAX PAID ON THE INTEREST EARNED FROM FIXED DEPOSITS

C) TAX PAID ON PROFITS FROM THE SALE OF GOVERNMENT BONDS

D) TAX LEVIED ON TRANSACTIONS IN THE SECURITIES MARKET

Category: COMPREHENSIVE BANKING KNOWLEDGE

2.

WHICH OF THE FOLLOWING TYPES OF INSURANCE IS COMMONLY ASSOCIATED WITH BANKING?

A) LIFE INSURANCE

B) ALL OF THE ABOVE

C) PROPERTY INSURANCE

D) HEALTH INSURANCE

Category: COMPREHENSIVE BANKING KNOWLEDGE

3. WHAT DOES THE ACRONYM 'NEFT' STAND FOR IN BANKING?

A) NATIONAL ELECTRONIC FINANCE TRACKER

B) NATIONAL ELECTRONIC FUNDS TRANSFER

C) NEW EFFICIENT FINANCIAL TRANSFER

D) NATIONAL EMERGENCY FUND TRANSFER

Category: COMPREHENSIVE BANKING KNOWLEDGE

4.

THE 'CAPITAL ADEQUACY RATIO (CAR)' IS USED TO MEASURE THE:

A) EFFICIENCY OF A BANK IN MANAGING ITS ASSETS

B) PROFITABILITY OF A BANK

C) SPEED OF BANK TRANSACTIONS

D) ADEQUATE CAPITAL A BANK SHOULD MAINTAIN TO COVER RISKS

Category: COMPREHENSIVE BANKING KNOWLEDGE

5.

WHICH OF THE FOLLOWING DOCUMENTS IS REQUIRED TO OPEN A SAVINGS ACCOUNT IN INDIA?

A) ALL OF THE ABOVE

B) AADHAR CARD

C) PAN CARD

D) PASSPORT-SIZED PHOTOGRAPH

Category: COMPREHENSIVE BANKING KNOWLEDGE

6.

WHICH OF THE FOLLOWING IS A FEATURE OF 'MOBILE BANKING'?

A) ALL OF THE ABOVE

B) BILL PAYMENT FACILITIES

C) ACCESS TO REAL-TIME ACCOUNT BALANCE

D) FUND TRANSFER BETWEEN BANKS

Category: COMPREHENSIVE BANKING KNOWLEDGE

7.

WHAT DOES THE ACRONYM 'RTGS' STAND FOR?

A) REGIONAL TIME GROSS SETTLEMENT

B) REAL-TIME GENERAL SETTLEMENT

C) REAL-TIME GUARANTEED SETTLEMENT

D) REAL-TIME GROSS SETTLEMENT

Category: COMPREHENSIVE BANKING KNOWLEDGE

8.

WHICH OF THE FOLLOWING IS THE CORRECT ORDER FOR THE STEPS INVOLVED IN THE PROCESS OF CHEQUE CLEARING?

A) PRESENTATION, PROCESSING, SETTLEMENT

B) SETTLEMENT, PRESENTATION, PROCESSING

C) PRESENTATION, SETTLEMENT, PROCESSING

D) PROCESSING, PRESENTATION, SETTLEMENT

Category: COMPREHENSIVE BANKING KNOWLEDGE

9.

WHICH OF THE FOLLOWING IS AN EXAMPLE OF A 'LIQUID ASSET' FOR A BANK?

A) EQUIPMENT

B) GOVERNMENT SECURITIES

C) REAL ESTATE PROPERTY

D) LONG-TERM LOANS

Category: COMPREHENSIVE BANKING KNOWLEDGE

10.

THE 'BANKING OMBUDSMAN' IS RESPONSIBLE FOR:

A) MONITORING THE FUNCTIONING OF CENTRAL BANKS

B) MANAGING DISPUTES BETWEEN CUSTOMERS AND COMMERCIAL BANKS

C) PROVIDING LOANS TO FARMERS

D) REGULATING BANK MERGERS AND ACQUISITIONS

Category: COMPREHENSIVE BANKING KNOWLEDGE

11.

WHICH OF THE FOLLOWING IS NOT AN EXAMPLE OF A 'RETAIL BANKING' SERVICE?

A) SAVINGS AND CURRENT ACCOUNTS

B) CREDIT CARDS

C) FOREIGN CURRENCY TRADING

D) PERSONAL LOANS AND MORTGAGES

Category: COMPREHENSIVE BANKING KNOWLEDGE

12.

THE 'REPO RATE' IS THE RATE AT WHICH:

A) GOVERNMENT BORROWS MONEY FROM THE PUBLIC

B) BANKS CHARGE INTEREST ON LOANS

C) THE RESERVE BANK OF INDIA LENDS TO COMMERCIAL BANKS

D) BANKS LEND TO EACH OTHER

Category: COMPREHENSIVE BANKING KNOWLEDGE

13.

WHAT IS 'DEBIT CARD'?

A) A CARD LINKED TO A BANK ACCOUNT USED TO MAKE PAYMENTS DIRECTLY FROM THE ACCOUNT

B) A CARD ISSUED TO CUSTOMERS WITH CREDIT LIMITS

C) A CARD USED FOR WITHDRAWING MONEY FROM ATMS

D) A PREPAID CARD FOR SPECIFIC USES

Category: COMPREHENSIVE BANKING KNOWLEDGE

14.

WHICH OF THE FOLLOWING REFERS TO THE LENDING OF MONEY FOR A FIXED PERIOD AT A SPECIFIED RATE OF INTEREST?

A) LINE OF CREDIT

B) OVERDRAFT

C) LOAN

D) DEPOSIT

Category: COMPREHENSIVE BANKING KNOWLEDGE

15.

WHAT IS THE FULL FORM OF 'RTGS'?

A) REAL TRANSACTION GROSS SETTLEMENT

B) REGIONAL TIME GROSS SETTLEMENT

C) REAL TIME GLOBAL SETTLEMENT

D) REAL TIME GROSS SETTLEMENT

Category: COMPREHENSIVE BANKING KNOWLEDGE

16. THE 'FISCAL DEFICIT' IN A COUNTRY IS:

A) THE TOTAL VALUE OF NATIONAL SAVINGS

B) THE TOTAL AMOUNT OF NATIONAL DEBT

C) THE AMOUNT THE GOVERNMENT BORROWS FROM INTERNATIONAL SOURCES

D) THE DIFFERENCE BETWEEN GOVERNMENT EXPENDITURE AND ITS REVENUE

Category: COMPREHENSIVE BANKING KNOWLEDGE

17. WHICH OF THE FOLLOWING IS THE MAIN FUNCTION OF 'MOBILE WALLETS'?

A) TO STORE MONEY AND MAKE DIGITAL PAYMENTS

B) TO PROVIDE LOANS TO INDIVIDUALS

C) TO OFFER INSURANCE SERVICES

D) TO ENABLE LARGE FUND TRANSFERS

Category: COMPREHENSIVE BANKING KNOWLEDGE

18.

WHAT IS THE 'CASH RESERVE RATIO (CRR)' IN BANKING?

A) THE TOTAL AMOUNT OF CAPITAL A BANK HOLDS

B) THE PROPORTION OF A BANK’S TOTAL DEPOSITS THAT IT MUST KEEP AS RESERVES WITH THE CENTRAL BANK

C) THE PERCENTAGE OF A BANK’S LENDING PORTFOLIO

D) THE INTEREST RATE AT WHICH BANKS BORROW FROM OTHER BANKS

Category: COMPREHENSIVE BANKING KNOWLEDGE

19.

WHICH OF THE FOLLOWING IS A MAJOR ADVANTAGE OF 'INTERNET BANKING'?

A) REQUIRES NO INTERNET CONNECTION

B) ACCESS TO BANKING SERVICES ANYTIME AND ANYWHERE

C) LIMITED TRANSACTION FEES

D) ONLY AVAILABLE FOR PERSONAL ACCOUNTS

Category: COMPREHENSIVE BANKING KNOWLEDGE

20. WHICH OF THE FOLLOWING IS AN EXAMPLE OF A CAPITAL MARKET INSTRUMENT?

A) CERTIFICATE OF DEPOSIT

B) GOVERNMENT BONDS

C) SHORT-TERM LOAN

D) SAVINGS ACCOUNT

Category: COMPREHENSIVE BANKING KNOWLEDGE

21.

THE NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (NABARD) WAS ESTABLISHED IN:

A) 1985

B) 1982

C) 1990

D) 1995

Category: COMPREHENSIVE BANKING KNOWLEDGE

22. WHAT IS THE MINIMUM BALANCE REQUIREMENT FOR A SAVINGS ACCOUNT IN MOST INDIAN BANKS?

A) ₹500

B) ₹10,000

C) ₹1,000

D) ₹50,000

Category: COMPREHENSIVE BANKING KNOWLEDGE

23.

THE 'PRIORITY SECTOR LENDING' BY BANKS REFERS TO LENDING TO:

A) LARGE CORPORATE SECTORS

B) FOREIGN INVESTORS

C) CERTAIN UNDER-SERVED SECTORS OF THE ECONOMY SUCH AS AGRICULTURE, MSMES, AND EDUCATION

D) ESSENTIAL INDUSTRIES SUCH AS DEFENSE

Category: COMPREHENSIVE BANKING KNOWLEDGE

24.

WHICH TYPE OF LOAN IS PROVIDED BY BANKS FOR THE PURCHASE OF VEHICLES?

A) CAR LOAN

B) PERSONAL LOAN

C) HOME LOAN

D) EDUCATION LOAN

Category: COMPREHENSIVE BANKING KNOWLEDGE

25.

WHICH OF THE FOLLOWING IS A CHARACTERISTIC OF 'ISLAMIC BANKING'?

A) BANKS PROVIDE LOANS ONLY FOR SECULAR PURPOSES

B) BANKS CHARGE INTEREST ON LOANS

C) BANKS CANNOT CHARGE INTEREST, AND THEY FOLLOW THE PRINCIPLE OF PROFIT-SHARING

D) BANKS PROVIDE LOANS BASED ON FIXED COLLATERAL VALUES

Category: COMPREHENSIVE BANKING KNOWLEDGE

26.

WHICH OF THE FOLLOWING IS AN EXAMPLE OF AN INVESTMENT BANKING SERVICE?

A) PROVIDING PERSONAL LOANS

B) PROVIDING SAVINGS ACCOUNTS

C) ISSUING SHARES AND SECURITIES

D) FOREIGN EXCHANGE TRADING

Category: COMPREHENSIVE BANKING KNOWLEDGE

27. WHAT IS THE FULL FORM OF THE TERM 'IMPS' IN BANKING

A) IMMEDIATE PAYMENT SERVICE

B) INSTANT MONEY PAYMENT SYSTEM

C) INTERNATIONAL MONEY PAYMENT SERVICE

D) INSTANT MOBILE PAYMENT SERVICE

Category: COMPREHENSIVE BANKING KNOWLEDGE

28.

WHAT IS THE PRIMARY FUNCTION OF THE RESERVE BANK OF INDIA (RBI)?

A) ISSUING CURRENCY NOTES

B) PROVIDING LOANS TO COMMERCIAL BANKS

C) ALL OF THE ABOVE

D) MANAGING GOVERNMENT DEBT

Category: COMPREHENSIVE BANKING KNOWLEDGE

29.

WHAT IS THE FULL FORM OF 'AADHAAR'?

A) A NATIONAL ELECTION CARD FOR CITIZENS

B) A UNIQUE IDENTIFICATION NUMBER FOR INDIVIDUALS

C) A CERTIFICATE FOR OPENING BANK ACCOUNTS

D) A GOVERNMENT-ISSUED HEALTH INSURANCE CARD

Category: COMPREHENSIVE BANKING KNOWLEDGE

30.

WHICH OF THE FOLLOWING REFERS TO THE RATE AT WHICH COMMERCIAL BANKS BORROW FROM THE RESERVE BANK OF INDIA?

A) STATUTORY LIQUIDITY RATIO

B) REPO RATE

C) BANK RATE

D) CASH RESERVE RATIO

Category: COMPREHENSIVE BANKING KNOWLEDGE

31.

WHICH OF THE FOLLOWING IS NOT A TYPE OF COMMERCIAL BANK?

A) CENTRAL BANK

B) PUBLIC SECTOR BANK

C) FOREIGN BANK

D) PRIVATE SECTOR BANK

Category: COMPREHENSIVE BANKING KNOWLEDGE

32. WHICH OF THE FOLLOWING IS THE MAIN FEATURE OF 'CONSUMER BANKING'?

A) SERVING THE PERSONAL BANKING NEEDS OF INDIVIDUALS

B) INVESTMENT BANKING ACTIVITIES

C) PROVIDING LOANS TO CORPORATIONS

D) FACILITATING FOREIGN CURRENCY EXCHANGE

Category: COMPREHENSIVE BANKING KNOWLEDGE

33. WHICH OF THE FOLLOWING IS A TYPE OF 'DEMAND DEPOSIT'?

A) RECURRING DEPOSIT

B) FIXED DEPOSIT

C) CURRENT ACCOUNT

D) SAVINGS ACCOUNT

Category: COMPREHENSIVE BANKING KNOWLEDGE

34.

WHICH OF THE FOLLOWING IS NOT A FUNCTION OF A CENTRAL BANK?

A) SUPERVISE COMMERCIAL BANKS

B) ISSUE CURRENCY

C) CONTROL INFLATION

D) GRANT LOANS TO THE PUBLIC

Category: COMPREHENSIVE BANKING KNOWLEDGE

35.

WHICH OF THE FOLLOWING IS A MEASURE OF THE FINANCIAL HEALTH OF A BANK?

A) CREDIT RATINGS

B) ALL OF THE ABOVE

C) RETURN ON ASSETS (ROA)

D) PROFIT MARGIN

Category: COMPREHENSIVE BANKING KNOWLEDGE

36.

WHICH OF THE FOLLOWING IS A NON-BANKING FINANCIAL COMPANY (NBFC)?

A) STATE BANK OF INDIA

B) RESERVE BANK OF INDIA

C) ICICI BANK

D) LIC HOUSING FINANCE LTD.

Category: COMPREHENSIVE BANKING KNOWLEDGE

37. WHAT IS THE ROLE OF THE 'MONEY MULTIPLIER' IN BANKING?

A) IT MEASURES THE RATE AT WHICH A COUNTRY'S CURRENCY APPRECIATES

B) IT DETERMINES INTEREST RATES ON LOANS

C) IT MEASURES THE RATE AT WHICH BANKS CREATE MONEY

D) IT REGULATES CURRENCY CIRCULATION

Category: COMPREHENSIVE BANKING KNOWLEDGE

38.

WHICH OF THE FOLLOWING REFERS TO THE 'LOAN TO VALUE' RATIO?

A) THE RATIO OF A BANK’S LOAN PORTFOLIO TO ITS NET WORTH

B) THE RATIO OF A LOAN AMOUNT TO THE VALUE OF THE COLLATERAL

C) THE RATIO OF INTEREST CHARGED TO THE PRINCIPAL AMOUNT

D) THE RATIO OF LOAN TO INCOME OF THE BORROWER

Category: COMPREHENSIVE BANKING KNOWLEDGE

39.

WHICH IS THE MAIN DIFFERENCE BETWEEN A SAVINGS ACCOUNT AND A FIXED DEPOSIT?

A) FIXED DEPOSITS REQUIRE A FIXED LOCK-IN PERIOD, WHEREAS SAVINGS ACCOUNTS DO NOT

B) SAVINGS ACCOUNTS ARE FOR LONG-TERM INVESTMENT, WHILE FIXED DEPOSITS ARE FOR SHORT-TERM INVESTMENT

C) FIXED DEPOSITS ARE RISKIER THAN SAVINGS ACCOUNTS

D) SAVINGS ACCOUNTS OFFER HIGHER INTEREST RATES THAN FIXED DEPOSITS

Category: COMPREHENSIVE BANKING KNOWLEDGE

40.

WHAT IS THE ROLE OF 'SWIFT' IN INTERNATIONAL BANKING?

A) IT ENSURES THE SECURITY OF INTERNATIONAL PAYMENTS

B) IT PROVIDES FOREIGN EXCHANGE SERVICES

C) IT ACTS AS AN INTERMEDIARY BETWEEN CENTRAL BANKS

D) IT STANDARDIZES INTERNATIONAL BANKING CODES

Category: COMPREHENSIVE BANKING KNOWLEDGE

41.

WHICH OF THE FOLLOWING BEST DESCRIBES THE 'BANK RATE'?

A) THE RATE AT WHICH COMMERCIAL BANKS LEND TO OTHER BANKS FOR OVERNIGHT LOANS

B) THE RATE AT WHICH RBI BUYS AND SELLS GOVERNMENT SECURITIES

C) THE RATE AT WHICH COMMERCIAL BANKS LEND TO CUSTOMERS

D) THE RATE AT WHICH RBI LENDS TO COMMERCIAL BANKS FOR SHORT-TERM LOANS

Category: COMPREHENSIVE BANKING KNOWLEDGE

42.

IN BANKING, WHAT IS THE 'SPREAD' REFERRING TO?

A) DIFFERENCE BETWEEN THE NATIONAL INTEREST RATE AND INFLATION RATE

B) THE AREA IN WHICH A BANK OPERATES

C) THE RATE AT WHICH BANKS OFFER CREDIT

D) DIFFERENCE BETWEEN A BANK’S LENDING RATE AND BORROWING RATE

Category: COMPREHENSIVE BANKING KNOWLEDGE

43.

WHICH OF THE FOLLOWING IS AN EXAMPLE OF AN UNSECURED LOAN?

A) GOLD LOAN

B) PERSONAL LOAN

C) HOME LOAN

D) CAR LOAN

Category: COMPREHENSIVE BANKING KNOWLEDGE

44.

WHICH OF THE FOLLOWING IS THE MAIN OBJECTIVE OF THE 'MONETARY POLICY' IN INDIA?

A) TO CONTROL GOVERNMENT SPENDING

B) TO REGULATE FOREIGN EXCHANGE RATES

C) TO CONTROL INFLATION RATES GLOBALLY

D) TO REGULATE THE AVAILABILITY AND COST OF MONEY AND CREDIT IN THE ECONOMY

Category: COMPREHENSIVE BANKING KNOWLEDGE

45.

WHICH OF THE FOLLOWING IS A TOOL USED BY THE RESERVE BANK OF INDIA TO CONTROL INFLATION?

A) OPEN MARKET OPERATIONS

B) CREDIT CONTROL

C) ALL OF THE ABOVE

D) REPO RATE

Category: COMPREHENSIVE BANKING KNOWLEDGE

46.

WHICH OF THE FOLLOWING IS A CHARACTERISTIC OF 'CENTRAL BANK DIGITAL CURRENCY (CBDC)'?

A) IT IS ISSUED BY A CENTRAL BANK IN DIGITAL FORM

B) IT IS ONLY AVAILABLE IN SPECIFIC REGIONS

C) IT IS A FORM OF CRYPTOCURRENCY

D) IT OPERATES WITHOUT A CENTRAL AUTHORITY

Category: COMPREHENSIVE BANKING KNOWLEDGE

47. WHICH OF THE FOLLOWING IS A TYPE OF 'E-BANKING' SERVICE?

A) INTERNET BANKING

B) PHONE BANKING

C) ALL OF THE ABOVE

D) ATM TRANSACTIONS

Category: COMPREHENSIVE BANKING KNOWLEDGE

48.

WHAT IS THE PRIMARY FUNCTION OF 'BASEL II' IN BANKING?

A) IT ENSURES THE SAFETY OF ELECTRONIC BANKING TRANSACTIONS

B) IT GOVERNS THE GOVERNANCE OF BANKS GLOBALLY

C) IT SETS GUIDELINES FOR INTERNATIONAL CAPITAL STANDARDS

D) IT SUPERVISES THE LOAN LIMITS OF INTERNATIONAL BANKS

Category: COMPREHENSIVE BANKING KNOWLEDGE

49.

THE 'REAL ESTATE INVESTMENT TRUSTS (REITS)' PRIMARILY DEAL WITH:

A) GOVERNMENT BONDS

B) INTERNATIONAL TRADE FINANCE

C) STOCKS AND BONDS

D) REAL ESTATE PROPERTIES AND INVESTMENTS

Category: COMPREHENSIVE BANKING KNOWLEDGE

50.

WHICH OF THE FOLLOWING IS NOT AN INSTRUMENT OF MONETARY POLICY?

A) OPEN MARKET OPERATIONS (OMO)

B) REFINANCE RATE

C) FOREIGN DIRECT INVESTMENT (FDI)

D) CASH RESERVE RATIO (CRR)

Category: COMPREHENSIVE BANKING KNOWLEDGE

51.

WHAT IS THE PRIMARY DIFFERENCE BETWEEN 'SECURED' AND 'UNSECURED' LOANS?

A) SECURED LOANS REQUIRE COLLATERAL, WHILE UNSECURED LOANS DO NOT

B) UNSECURED LOANS OFFER LOWER INTEREST RATES THAN SECURED LOANS

C) SECURED LOANS ARE ONLY AVAILABLE TO GOVERNMENT EMPLOYEES

D) UNSECURED LOANS REQUIRE THE BORROWER TO HAVE A PERFECT CREDIT SCORE

Category: COMPREHENSIVE BANKING KNOWLEDGE

52.

WHICH OF THE FOLLOWING IS A FUNCTION OF A COMMERCIAL BANK?

A) MANAGING GOVERNMENT RESERVES

B) ACCEPTING DEPOSITS AND GRANTING LOANS

C) FORMULATING MONETARY POLICY

D) ISSUING CURRENCY

Category: COMPREHENSIVE BANKING KNOWLEDGE

53.

WHAT IS THE 'STATUTORY LIQUIDITY RATIO (SLR)' IN BANKING?

A) THE AMOUNT OF CASH A BANK MUST HOLD AS A RESERVE

B) THE MINIMUM CAPITAL BANKS MUST HAVE TO OPERATE

C) THE PERCENTAGE OF A BANK’S NET DEMAND AND TIME LIABILITIES TO BE MAINTAINED IN LIQUID ASSETS

D) THE MINIMUM AMOUNT OF GOLD RESERVES THAT A BANK MUST HOLD

Category: COMPREHENSIVE BANKING KNOWLEDGE

54.

WHAT IS 'DIGITAL BANKING'?

A) A TYPE OF BANKING THAT RESTRICTS CUSTOMERS TO PAPER-BASED TRANSACTIONS

B) BANKING CONDUCTED ONLINE THROUGH ELECTRONIC DEVICES

C) BANKING THAT USES ONLY PHYSICAL BRANCHES

D) BANKING THROUGH TELEPHONES ONLY

Category: COMPREHENSIVE BANKING KNOWLEDGE

55.

WHICH OF THE FOLLOWING IS A RISK ASSOCIATED WITH BANKING OPERATIONS?

A) LIQUIDITY RISK

B) OPERATIONAL RISK

C) CREDIT RISK

D) ALL OF THE ABOVE

Category: COMPREHENSIVE BANKING KNOWLEDGE

56. WHICH OF THE FOLLOWING IS A TYPE OF TERM DEPOSIT?

A) FIXED DEPOSIT

B) RECURRING DEPOSIT and FIXED DEPOSIT

C) RECURRING DEPOSIT

D) SAVINGS DEPOSIT

Category: COMPREHENSIVE BANKING KNOWLEDGE

57.

WHAT IS THE FULL FORM OF 'NPA' IN BANKING?

A) NON-PAYMENT ACCOUNT

B) NON-PERFORMING ASSET

C) NEW PUBLIC ACCOUNT

D) NATIONAL PAYMENT AUTHORITY

Category: COMPREHENSIVE BANKING KNOWLEDGE

58. WHAT IS THE PRIMARY PURPOSE OF THE BASEL III FRAMEWORK?

A) TO MONITOR INTEREST RATES ACROSS BANKS

B) TO PROMOTE INTERNATIONAL TRADE

C) TO REGULATE THE EXCHANGE RATE OF CURRENCY

D) TO STRENGTHEN THE GLOBAL BANKING SYSTEM

Category: COMPREHENSIVE BANKING KNOWLEDGE

59.

WHICH OF THE FOLLOWING IS TRUE REGARDING A 'CHEQUE' IN BANKING?

A) A CHEQUE CAN BE TRANSFERRED BY ENDORSEMENT AND DELIVERY

B) BOTH A AND B

C) A CHEQUE IS AN UNCONDITIONAL ORDER TO PAY MONEY FROM THE DRAWER’S ACCOUNT

D) A CHEQUE CAN ONLY BE ISSUED FOR FIXED AMOUNTS

Category: COMPREHENSIVE BANKING KNOWLEDGE

60.

WHICH OF THE FOLLOWING IS AN EXAMPLE OF 'NON-PERFORMING ASSET (NPA)'?

A) A LOAN THAT HAS NOT BEEN REPAID FOR MORE THAN 90 DAYS

B) A LOAN THAT IS REPAID BEFORE ITS DUE DATE

C) A FIXED DEPOSIT WITH NO MATURITY DATE

D) A DEPOSIT THAT IS WITHDRAWN EARLY

Category: COMPREHENSIVE BANKING KNOWLEDGE

61.

WHICH OF THE FOLLOWING IS TRUE ABOUT 'REAL-TIME GROSS SETTLEMENT (RTGS)'?

A) IT IS ONLY AVAILABLE DURING BANKING HOURS

B) IT ALLOWS BULK PAYMENTS FOR LARGE TRANSACTIONS

C) IT IS USED FOR INTERNATIONAL TRANSACTIONS ONLY

D) IT IS USED FOR TRANSFERRING MONEY IN REAL TIME

Category: COMPREHENSIVE BANKING KNOWLEDGE

62.

THE PROCESS OF VERIFYING THE IDENTITY OF A CUSTOMER BEFORE OPENING AN ACCOUNT IS KNOWN AS:

A) AML (ANTI-MONEY LAUNDERING)

B) KYC (KNOW YOUR CUSTOMER)

C) CDD (CUSTOMER DUE DILIGENCE)

D) CBI (CENTRAL BANK INVESTIGATION)

Category: COMPREHENSIVE BANKING KNOWLEDGE

63.

WHAT IS THE FULL FORM OF 'MUDRA' IN THE CONTEXT OF SMALL BUSINESS LOANS IN INDIA?

A) MICRO UNIT DEVELOPMENT AND RISK AGENCY

B) MICRO-UNIT DEVELOPMENT AND REGULATORY AGENCY

C) MICRO UNITS DEVELOPMENT AND REFINANCE AGENCY

D) MULTIPLE UNIT DEVELOPMENT AND REFINANCE AGENCY

Category: COMPREHENSIVE BANKING KNOWLEDGE

64.

WHAT IS 'MONETARY POLICY'?

A) POLICIES FOR REGULATING TRADE TARIFFS

B) POLICIES FOR CONTROLLING FOREIGN INVESTMENTS

C) POLICIES SET BY THE CENTRAL BANK TO REGULATE MONEY SUPPLY AND CONTROL INFLATION

D) POLICIES IMPLEMENTED BY THE GOVERNMENT FOR FISCAL MANAGEMENT

Category: COMPREHENSIVE BANKING KNOWLEDGE

65.

WHAT IS THE MAXIMUM LIMIT FOR E-COMMERCE TRANSACTIONS THROUGH 'UPI' (UNIFIED PAYMENTS INTERFACE) IN INDIA?

A) ₹1,00,000

B) ₹50,000

C) ₹2,00,000

D) ₹10,000

Category: COMPREHENSIVE BANKING KNOWLEDGE

66.

THE 'BASEL III' GUIDELINES ARE ASSOCIATED WITH:

A) PERSONAL LOAN INTEREST RATES

B) BANKING CAPITAL REQUIREMENTS

C) INTERNATIONAL TRADE POLICIES

D) ELECTRONIC BANKING SECURITY MEASURES

Category: COMPREHENSIVE BANKING KNOWLEDGE

67.

WHICH OF THE FOLLOWING IS AN EXAMPLE OF A 'CREDIT FACILITY' PROVIDED BY BANKS?

A) FIXED DEPOSITS

B) SAFE DEPOSIT LOCKERS

C) ATM SERVICES

D) CREDIT CARDS

Category: COMPREHENSIVE BANKING KNOWLEDGE

68.

WHICH OF THE FOLLOWING IS A MAJOR ROLE OF THE COMMERCIAL BANKS?

A) ACCEPTING DEPOSITS AND GRANTING LOANS

B) MANAGING GOVERNMENT RESERVES

C) FACILITATING INTERNATIONAL TRADE

D) CREATING MONETARY POLICY

Category: COMPREHENSIVE BANKING KNOWLEDGE

69.

THE TERM 'LIQUIDITY' IN BANKING REFERS TO:

A) THE SPEED AT WHICH A LOAN CAN BE GRANTED

B) THE TOTAL CASH RESERVE A BANK HOLDS

C) THE ABILITY TO EASILY CONVERT ASSETS INTO CASH

D) THE NUMBER OF BRANCHES A BANK OPERATES

Category: COMPREHENSIVE BANKING KNOWLEDGE

70.

WHICH OF THE FOLLOWING IS A KEY OBJECTIVE OF 'FINANCIAL INCLUSION'?

A) ENHANCING BANKING PROFITS

B) INCREASING THE INTEREST RATES ON LOANS

C) ENCOURAGING FOREIGN INVESTMENTS

D) ENSURING THAT BANKING SERVICES ARE AVAILABLE TO ALL INDIVIDUALS AND BUSINESSES, ESPECIALLY IN RURAL AREAS

Category: COMPREHENSIVE BANKING KNOWLEDGE

71.

WHICH OF THE FOLLOWING STATEMENTS IS TRUE REGARDING 'CREDIT RATING'?

A) IT MEASURES A BORROWER'S CREDITWORTHINESS

B) IT IS ASSIGNED ONLY TO GOVERNMENT ENTITIES

C) IT IS NOT USED BY BANKS FOR LENDING DECISIONS

D) IT IS THE SAME FOR ALL COUNTRIES

Category: COMPREHENSIVE BANKING KNOWLEDGE

72.

WHICH OF THE FOLLOWING IS A FUNCTION OF THE 'DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION (DICGC)'?

A) INSURING BANK DEPOSITS

B) ISSUING CURRENCY NOTES

C) ENSURING THE SAFETY OF FINANCIAL MARKETS

D) PROVIDING LOANS TO SMALL BUSINESSES

Category: COMPREHENSIVE BANKING KNOWLEDGE

73.

WHAT DOES 'KYC' STAND FOR IN BANKING?

A) KEEP YOUR CUSTOMER

B) KNOW YOUR CLIENT

C) KNOW YOUR CUSTOMER

D) KEEP YOUR CLIENT

Category: REASONING QUIZ

1. SOME STUDENTS ARE HARDWORKING. ALL HARDWORKING STUDENTS ARE DISCIPLINED. WHICH OF THE FOLLOWING IS TRUE?

A) ALL DISCIPLINED STUDENTS ARE HARDWORKING

B) SOME STUDENTS ARE NOT DISCIPLINED

C) ALL STUDENTS ARE DISCIPLINED

D) SOME DISCIPLINED STUDENTS ARE NOT HARDWORKING

Category: REASONING QUIZ

2. ALL CARS ARE VEHICLES. SOME VEHICLES ARE EXPENSIVE. WHICH OF THE FOLLOWING IS TRUE?

A) NO VEHICLES ARE CARS

B) SOME VEHICLES ARE CARS

C) ALL CARS ARE EXPENSIVE

D) SOME EXPENSIVE VEHICLES ARE CARS

Your score is

The average score is 25%

0%

Exit

WHAT IS 'SECURITIES TRANSACTION TAX (STT)' IN INDIA?

WHICH OF THE FOLLOWING TYPES OF INSURANCE IS COMMONLY ASSOCIATED WITH BANKING?

THE 'CAPITAL ADEQUACY RATIO (CAR)' IS USED TO MEASURE THE:

WHICH OF THE FOLLOWING DOCUMENTS IS REQUIRED TO OPEN A SAVINGS ACCOUNT IN INDIA?

WHICH OF THE FOLLOWING IS A FEATURE OF 'MOBILE BANKING'?

WHAT DOES THE ACRONYM 'RTGS' STAND FOR?

WHICH OF THE FOLLOWING IS THE CORRECT ORDER FOR THE STEPS INVOLVED IN THE PROCESS OF CHEQUE CLEARING?

WHICH OF THE FOLLOWING IS AN EXAMPLE OF A 'LIQUID ASSET' FOR A BANK?

THE 'BANKING OMBUDSMAN' IS RESPONSIBLE FOR:

WHICH OF THE FOLLOWING IS NOT AN EXAMPLE OF A 'RETAIL BANKING' SERVICE?

THE 'REPO RATE' IS THE RATE AT WHICH:

WHAT IS 'DEBIT CARD'?

WHICH OF THE FOLLOWING REFERS TO THE LENDING OF MONEY FOR A FIXED PERIOD AT A SPECIFIED RATE OF INTEREST?

WHAT IS THE FULL FORM OF 'RTGS'?

WHAT IS THE 'CASH RESERVE RATIO (CRR)' IN BANKING?

WHICH OF THE FOLLOWING IS A MAJOR ADVANTAGE OF 'INTERNET BANKING'?

THE NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (NABARD) WAS ESTABLISHED IN:

THE 'PRIORITY SECTOR LENDING' BY BANKS REFERS TO LENDING TO:

WHICH TYPE OF LOAN IS PROVIDED BY BANKS FOR THE PURCHASE OF VEHICLES?

WHICH OF THE FOLLOWING IS A CHARACTERISTIC OF 'ISLAMIC BANKING'?

WHICH OF THE FOLLOWING IS AN EXAMPLE OF AN INVESTMENT BANKING SERVICE?

WHAT IS THE PRIMARY FUNCTION OF THE RESERVE BANK OF INDIA (RBI)?

WHAT IS THE FULL FORM OF 'AADHAAR'?

WHICH OF THE FOLLOWING REFERS TO THE RATE AT WHICH COMMERCIAL BANKS BORROW FROM THE RESERVE BANK OF INDIA?

WHICH OF THE FOLLOWING IS NOT A TYPE OF COMMERCIAL BANK?

WHICH OF THE FOLLOWING IS NOT A FUNCTION OF A CENTRAL BANK?

WHICH OF THE FOLLOWING IS A MEASURE OF THE FINANCIAL HEALTH OF A BANK?

WHICH OF THE FOLLOWING IS A NON-BANKING FINANCIAL COMPANY (NBFC)?

WHICH OF THE FOLLOWING REFERS TO THE 'LOAN TO VALUE' RATIO?

WHICH IS THE MAIN DIFFERENCE BETWEEN A SAVINGS ACCOUNT AND A FIXED DEPOSIT?

WHAT IS THE ROLE OF 'SWIFT' IN INTERNATIONAL BANKING?

WHICH OF THE FOLLOWING BEST DESCRIBES THE 'BANK RATE'?

IN BANKING, WHAT IS THE 'SPREAD' REFERRING TO?

WHICH OF THE FOLLOWING IS AN EXAMPLE OF AN UNSECURED LOAN?

WHICH OF THE FOLLOWING IS THE MAIN OBJECTIVE OF THE 'MONETARY POLICY' IN INDIA?

WHICH OF THE FOLLOWING IS A TOOL USED BY THE RESERVE BANK OF INDIA TO CONTROL INFLATION?

WHICH OF THE FOLLOWING IS A CHARACTERISTIC OF 'CENTRAL BANK DIGITAL CURRENCY (CBDC)'?

WHAT IS THE PRIMARY FUNCTION OF 'BASEL II' IN BANKING?

THE 'REAL ESTATE INVESTMENT TRUSTS (REITS)' PRIMARILY DEAL WITH:

WHICH OF THE FOLLOWING IS NOT AN INSTRUMENT OF MONETARY POLICY?

WHAT IS THE PRIMARY DIFFERENCE BETWEEN 'SECURED' AND 'UNSECURED' LOANS?

WHICH OF THE FOLLOWING IS A FUNCTION OF A COMMERCIAL BANK?

WHAT IS THE 'STATUTORY LIQUIDITY RATIO (SLR)' IN BANKING?

WHAT IS 'DIGITAL BANKING'?

WHICH OF THE FOLLOWING IS A RISK ASSOCIATED WITH BANKING OPERATIONS?

WHAT IS THE FULL FORM OF 'NPA' IN BANKING?

WHICH OF THE FOLLOWING IS TRUE REGARDING A 'CHEQUE' IN BANKING?

WHICH OF THE FOLLOWING IS AN EXAMPLE OF 'NON-PERFORMING ASSET (NPA)'?

WHICH OF THE FOLLOWING IS TRUE ABOUT 'REAL-TIME GROSS SETTLEMENT (RTGS)'?

THE PROCESS OF VERIFYING THE IDENTITY OF A CUSTOMER BEFORE OPENING AN ACCOUNT IS KNOWN AS:

WHAT IS THE FULL FORM OF 'MUDRA' IN THE CONTEXT OF SMALL BUSINESS LOANS IN INDIA?

WHAT IS 'MONETARY POLICY'?

WHAT IS THE MAXIMUM LIMIT FOR E-COMMERCE TRANSACTIONS THROUGH 'UPI' (UNIFIED PAYMENTS INTERFACE) IN INDIA?

THE 'BASEL III' GUIDELINES ARE ASSOCIATED WITH:

WHICH OF THE FOLLOWING IS AN EXAMPLE OF A 'CREDIT FACILITY' PROVIDED BY BANKS?

WHICH OF THE FOLLOWING IS A MAJOR ROLE OF THE COMMERCIAL BANKS?

THE TERM 'LIQUIDITY' IN BANKING REFERS TO:

WHICH OF THE FOLLOWING IS A KEY OBJECTIVE OF 'FINANCIAL INCLUSION'?

WHICH OF THE FOLLOWING STATEMENTS IS TRUE REGARDING 'CREDIT RATING'?

WHICH OF THE FOLLOWING IS A FUNCTION OF THE 'DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION (DICGC)'?

WHAT DOES 'KYC' STAND FOR IN BANKING?

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