General and Banking Awareness Quiz Set - 8 Questions and Answers

  • 1. Which public sector bank has launched its 'Bank of Wheel' project in Nagaland to deliver banking services even where there is no branch?
   A.) State Bank of India
   B.) Syndicate Bank
   C.) PNB
   D.) Central Bank of India

Answer: Option 'D'

Central Bank of India

  • 2. Who is responsible for the preparation and presentation of union budget to the parliament?
   A.) Department of Ravenge
   B.) Department of Expenditure
   C.) Department of Economic Affairs
   D.) Department of Financial Services

Answer: Option 'C'

Department of Economic Affairs

  • 3. On the current account balances maintained by the Regional Rural Banks (RRBs) with them, the Commercial Bank may
   A.) pay interest upto 9%
   B.) waive incidental charges
   C.) pay interest at applicable to saving accounts
   D.) pay interest at such rates as may be mutually agreed to

Answer: Option 'D'

pay interest at such rates as may be mutually agreed to

  • 4. Which of the following acts has specially been launched facilitate banks in recovery of bad loans?
   A.) RBI Act
   B.) FERA
   C.) Banking Regulation
   D.) Sarfaesi Act

Answer: Option 'D'

Sarfaesi Act

  • 5. Which of the following is called the Bankers Bank India?
   A.) State Bank of India
   B.) RBI
   C.) NABARD
   D.) Central Bank of India

Answer: Option 'B'

RBI

  • 6. At which of the following rates does the central bank lend to bank's against government securities?
   A.) Repo Rate
   B.) Bank Rate
   C.) Reverse Repo Rate
   D.) SCR

Answer: Option 'B'

Bank Rate

  • 7. Which of the following is not a Private Bank of India?
   A.) Yes Bank
   B.) HDFC Bank
   C.) AXIS Bank
   D.) IDBI Bank

Answer: Option 'D'

IDBI Bank

  • 8. Which of the following is not a social Assistance Programme launched by the government of India? 
   A.) Annapurna Scheme
   B.) Indira Awaas Yojna
   C.) National Old Age Pension Scheme
   D.) All of the above

Answer: Option 'D'

All of the above

  • 9. Which of the following service provided by a bank in India is not liable for taxation for service tax as per existing laws?
   A.) Credit cards
   B.) Safe deposit lockers
   C.) Merchant banking services
   D.) Discount earned on certain discounted bus

Answer: Option 'A'

Credit cards

  • 10. Reserve Bank of India has decided to help banks, as a temporary measure, by providing additional liquidity support under LAF. What is the full form of LAF?
   A.) Long Awaited Funds
   B.) Loan Against Funds
   C.) Loan Adjustment Fund
   D.) Liquidity Adjustment Facility

Answer: Option 'D'

Liquidity Adjustment Facility