General and Banking Awareness Quiz Set - 10 Questions and Answers

1.

When a bank provides loan for purchase of white goods, it is categorised as

   A.) Consumption Loan
   B.) White goods Loan
   C.) Consumer Durable Loan
   D.) Working Capital

Answer: Option 'C'

Consumer Durable Loan

2.

Y gan is the currency of

   A.) Japan
   B.) China
   C.) Indonesia
   D.) Myanmar

Answer: Option 'B'

China

3.

Economic survey is compiled by

   A.) Ministry of Home Affairs
   B.) Ministry of Finance
   C.) Ministry of Rural Development
   D.) Central Statistical Organization

Answer: Option 'B'

Ministry of Finance

4.

Expand the term BCBS.

   A.) Banks Committee on Banking Supervision
   B.) Basel Commission on Banking Supervision
   C.) Basel Committee on Banking Supervision
   D.) Banks Commission on Banking Supervision

Answer: Option 'B'

Basel Commission on Banking Supervision

5.

According to a price water house coopers reports titled banking in 2050. India could become the third largest banking sector by 2050 after

   A.) China and USA
   B.) Japan and USA
   C.) France and Germany
   D.) Japan and China

Answer: Option 'A'

China and USA

6.

Which of the following acts has especially been launched to facilitate banks in recovery of bad loans?

   A.) RBI Act
   B.) Banking Regulation Act
   C.) FERA
   D.) Permanent

Answer: Option 'D'

Permanent

7.

Which of the following is not one of the objectives of Nationalization of Banks in India?

   A.) To eliminate concentration of economic power in few hands
   B.) To diversify flow of credit to agriculture and allied activities
   C.) To create government monopoly is banking sector
   D.) To extend banking facilities in unbanked areas

Answer: Option 'B'

To diversify flow of credit to agriculture and allied activities

8.

Which of the following is the percentage upto which FDI in defence sector in allowed?

   A.) 26%
   B.) 41%
   C.) 31%
   D.) 49%

Answer: Option 'A'

26%

9.

Which of the following would fall under the category of retail banking?

   A.) Vehicle loans
   B.) Home loans
   C.) Credit cards
   D.) All of the above

Answer: Option 'D'

All of the above

10.

Which of the following is not a measure adopted by the Government or RBI to control inflation?

   A.) Monetary policy
   B.) Fiscal policy
   C.) Price control
   D.) Financial inclusion

Answer: Option 'D'

​Financial inclusion

11.

Which of the following countries has the largest stock of Foreign Exchange Reserves in the world?

   A.) USA
   B.) China
   C.) Japan
   D.) India

Answer: Option 'B'

China

12.

Normally, Banks accept fixed deposits for a maximum period of

   A.) 5 year
   B.) 3 year
   C.) 7 year
   D.) 10 year

Answer: Option 'D'

10 year

13.

Which of the following certainly is an effort in the direction of financial inclusion?

   A.) Internet banking
   B.) Any where banking
   C.) No-frill accounts
   D.) Foreign currency accounts

Answer: Option 'C'

No-frill accounts

14.

Which of the following terms is used in the field of finance and banking?

   A.) Metabolism
   B.) Pulse rate
   C.) Genetic process
   D.) Debt instruments

Answer: Option 'D'

Debt instruments

15.

Work related to which of the following has been included in the ambit of MGNREGA?

   A.) Animal husbandry
   B.) Poultry
   C.) Drinking water and sanitation
   D.) All of these

Answer: Option 'D'

All of these

16.

Which of the following is not a negotiable instrument?

   A.) Cheque
   B.) Bill of Exchange
   C.) Fixed Deposit Receipt
   D.) Promissory Note

Answer: Option 'C'

Fixed Deposit Receipt

17.

KYC guidelines followed by the banks have been framed on the recommendation of the

   A.) Ministry of Home Affairs
   B.) Indian Banks Association
   C.) Ministry of Rural Development
   D.) Reserve Bank of India

Answer: Option 'D'

Reserve Bank of India

18.

In term CBS, the letter 'C' stands for

   A.) Core
   B.) Complete
   C.) Credit
   D.) Continuous

Answer: Option 'A'

Core

19.

Which of the following schemes has been launched to develop infrastructure in Rural Areas in India?

   A.) Jawaharlal Nehru Rozgar Yojna
   B.) Aksha Yojna
   C.) Bharat Nirman
   D.) All of the above

Answer: Option 'C'

Bharat Nirman

20.

Which of the following is the popular name of the norms by which a bank satisfies itself about the customer's identity and activities?

   A.) Basel norms
   B.) KYC norms
   C.) CIBIL
   D.) Service norms

Answer: Option 'B'

KYC norms


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