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Banking Awareness Quiz – 1

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Q1. Which of the following notes cannot be exchanged?

(a) Solid notes

(b) Mismatched notes

(c) Mutilated notes

(d) All the above

(e) None of the Above

Q2. An order cheque can be converted into a bearer cheque by means of ________?

(a) Sans recourse endorsement

(b) Special endorsement

(c) Blank endorsement

(d) Sans frais endorsement

(e) None of the above

Q3. In Banking parlance, “Sub-Prime” refers to _?

(a) Lending by Banks at rates below PLR

(b) Funds raised by banks at sub-LIBOR rates

(c) Group of banks which are not rated as Prime Banks as per Bankers’ Almanac

(d) Lending done by Banks/Fls to customers not meeting with normally required credit appraisal standards

(e) None of the above

Q4. The logo of Bank of Baroda is known as ___?

(a) Sun of Bank of Baroda

(b) Baroda Sun

(c) Bank of Baroda’s rays

(d) Sunlight of Bank of Baroda

(e) None of the above

Q5. What type of loan is granted by banks for purchase of the White Goods?

(a) Mortgage Loan

(b) Consumer Durables Loan

(c) Consumption Loan

(d) Home Loan

(e) None of these

Q6. What is s Stale Cheque?

(a) A six months post dated cheque

(b) A cheque which has completed three month from its date of issue

(c) A cheque issued without drawer’s signature

(d) All of these

(e) None of these

Q7. Shreya has been nominated in the savings account of Site. She requests the bank authorities to allow him to operate Arpit’s account as he is unwell. What will the bank do?

(a) As nomination will come into effect only after death of the depositor, bank will not allow.

(b) Out of pity from Arpit and on account of long term relationship, the bank may allow.

(c) Bank can take a promissory note from Shreya and allow her to operate the account.

(d) Bank will allow Shreya to operate the account as she is the nominee.

(e) None of these

Q8. What do you mean by Mortgage?

(a) Registration of charge with the Regional Transport Authority

(b) Registration of charge with the Registrar of companies

(c) Making the security of immovable property available as a cover for a home loan by the borrower

(d) Sale of a moveable security in the event of default by the borrower

(e) None of these

Q9. Which among the following constitutes the largest percentage of retail loans in India?

(a) Consumer Loans

(b) Personal Loans

(c) Auto Loans

(d) Home Loans

(e) None of these

Q10. What is the objective of introduction of ‘Marginal Standing Facility’ by RBI?

(a) To contain volatility in the overnight inter-bank rates

(b) To contain volatility in MIBOR

(c) To contain volatility in LIBOR

(d) To match with standard Tier 1 capital Ratio

(e) None of these

 

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