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Banking Awareness Quiz

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1.  What does MIBOR stands for________
A. Mumbai Interbank Oer Rate
B. Manchester Interbank Oer Rate
C. Mexico Interbank Oer Rate
D. None of these

2. What is ination________
A. increase in value of currency
B. decrease in value of currency
C. increase in value of commodities
D. decrease in value of commodities

3. Advantages of The GST_________
A. Simple uniform tax structure
B. It can increase tax revenue for government
C. It can boost export
D. All of the above

4. ___________ is a computerized machine that provides the customers of banks the facility of accessing their account for dispensing cash and to carry out other financial & non-financial transactions without the need to actually visit their bank branch.
(a) Financial Fund
(b) Core Sector
(c) Online Banking
(d) ATM
(e) Net Banking

5. All are Direct Tax except_________
A. Income tax
B. corporation tax
C. property tax
D. sales tax

6. What is the full form of NABARD________
A. National Bank for Agriculture and Rural Development
B. National Bank for Agriculture and Rural Department
C. National Agricultural Bank and Rural Development
D. National Agricultural Bank and Rural Department

7. To block the endorsement of cheque, which type of crossing will be used________
A. Account Payee crossing
B. Generally crossing
C. Specially crossing
D. Non-negotiable crossing

8. CTS Stands for________
A. Cheque Transaction System
B. Cheque Truncation System
C. Cheque Transfer System
D. Cheque Transmit System

9. SIDBI provides short term loans and renance to__________
A. Micro, Small and Medium Enterprises (MSMEs)
B. Large Industries
C. Small Farmers
D. None of the above

10. Where is the headquarter of National Housing Bank (NHB)________
A. New Delhi
B. Mumbai
C. Bengaluru
D. Chennai

ANSWER:-
1)A. Mumbai Inter bank Offer Rate
2)C. increase in value of commodities
3)D. All of the above
4)(d) ATM
5)D. sales tax
6)A. National Bank for Agriculture and Rural Development
7)A. Non-negotiable crossing
8)B. Cheque Truncation System
9)A. Micro, Small and Medium Enterprises (MSMEs)
10)A. New Delhi

 

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