Banking Awareness Miscellaneous(Banking Awareness ) Questions and Answers

Question 1. What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
  1.    3 years
  2.    5 years
  3.    7 years
  4.    10 years
Explanation:-
Answer: Option D. -> 10 years
Question 2. What does the letter ‘L’ stands for in the term LAF commonly used in financial/economic news?
  1.    Liquidity
  2.    Least
  3.    Liabilities
  4.    Long
Explanation:-
Answer: Option A. -> Liquidity
Question 3. Monetary Policy as an arm of the economic policy is administered by
  1.    Government of India
  2.    Reserve Bank of India
  3.    State Bank of India
  4.    Governments of the respective states
Explanation:-
Answer: Option B. -> Reserve Bank of India
Question 4. Kapoor committee, 1999 is related to ____.
  1.    Co-operative Banking Reforms
  2.    Micro-finance
  3.    Capital Account convertibility
  4.    Restructuring of RRBs
Explanation:-
Answer: Option A. -> Co-operative Banking Reforms
Question 5. A scheduled bank must be
  1.    A corporative or company incorporated by any law in force in any place in India
  2.    An institution notified by GOI
  3.    A company as defined by companies act, 2013
  4.    All of the above
Explanation:-
Answer: Option D. -> All of the above
Question 6. Which of the following is not a primary function of a Bank?
  1.    Granting Loans
  2.    Collecting Cheques/Drafts customers
  3.    Facilitating import of goods
  4.    Issuing Bank Drafts
Explanation:-
Answer: Option C. -> Facilitating import of goods
Question 7. For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for?
  1.    Equated Money Index
  2.    Easy Money Installment
  3.    Equated Monthly Installment
  4.    Equal Monthly Installment
Explanation:-
Answer: Option C. -> Equated Monthly Installment
Question 8. Reserves which can act as a liquidity buffer for commercial banks during crisis times are
  1.    CAR
  2.    SLR
  3.    CAR and CRR
  4.    CRR and SLR
Explanation:-
Answer: Option D. -> CRR and SLR
Question 9. Many a times we read in the news paper about CASA deposits of banks. CASA deposits are
  1.    Demand deposits
  2.    Term deposits
  3.    Hybrid deposits
  4.    Recurring deposits
Explanation:-
Answer: Option A. -> Demand deposits
Question 10. While investing in mutual funds we come across a term called NAV. What is the meaning of NAV?
  1.    Net Annual Value
  2.    Non Asset Value
  3.    Net Actual Value
  4.    Net Asset Value
Explanation:-
Answer: Option D. -> Net Asset Value
© Lakshya_Education.com, All Right Reserved.
Contact Us services