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Banking Awareness Quiz

 

  • The Deposits shall be held at the credit of the declarant in BLA maintained with ________
    A. GOI
    B. RBI
    C. NABARD
    D. SEBI
    E. None of these

    Answer & Explanation
    B. RBI
    Explanation:
    The Deposits shall be held at the credit of the declarant in BLA maintained with RBI.
  • What is the interest rate of Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS)?
    A. 6%
    B. 4%
    C. 5%
    D. 3%
    E. No Interest

    Answer & Explanation
    E. No Interest
    Explanation:
    No interest in Pradhan Mantri Garib Kalyan Deposit Scheme(PMGKDS)
  • In, Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), the repayment of the deposit will be made after a period of _____
    A. 2 years
    B. 3 years
    C. 4 years
    D. 5 years
    E. None of these

    Answer & Explanation
    C. 4 years
    Explanation:
    The repayment of the deposit will be made after a period of 4 years.
  • Nomination facility is available as per the provisions of the Government Securities Act 2006 and ___________
    A. Government Securities Regulations, 2007
    B. Government Securities Regulations, 2006
    C. Government Securities Regulations, 2005
    D. Government Securities Regulations, 2004
    E. None of these

    Answer & Explanation
    A. Government Securities Regulations, 2007
    Explanation:
    Nomination facility is available as per the provisions of the Government Securities Act 2006 and Government Securities Regulations, 2007.
  • BLA stands for ______
    A. Bond Ledger Account
    B. Bond Lending Account
    C. Basic Ledger Account
    D. Basic Lending Account
    E. None of these

    Answer & Explanation
    A. Bond Ledger Account
    Explanation:
    BLA – Bond Ledger Account
  • Sovereign Gold Bond (SGB) are sold through __________ either directly or through their agents.
    A. Scheduled Commercial Banks(excluding RRBs)
    B. SHCIL Offices
    C. Designated Post Offices
    D. All of these
    E. None of these

    Answer & Explanation
    D. All of these
    Explanation:
    Sovereign Gold Bond (SGB) are sold through Scheduled Commercial Banks(excluding RRBs), SHCIL Offices and  Designated Post Offices either directly or through their agents.
  • SGBs bear interest at the rate of ______ per annum on the amount of initial investment.
    A. 1.75%
    B. 1.25%
    C. 1.50%
    D. 2.75%
    E. None of these

    Answer & Explanation
    D. 2.75%
    Explanation:
    SGBs bear interest at the rate of 2.75% per annum on the amount of initial investment.
  • SGB Bonds are issued in denominations of _____ gram of gold.
    A. One
    B. Two
    C. Three
    D. Four
    E. All of these

    Answer & Explanation
    A. One
    Explanation:
    SGB Bonds are issued in denominations of one gram of gold.
  • In SGB Bonds Payment can be made through cash up to ______
    A. Rs. 5000
    B. Rs. 10000
    C. Rs. 20000
    D. Rs. 25000
    E. None of these

    Answer & Explanation
    C. Rs. 20000
    Explanation:
    Payment can be made through cash up to Rs. 20000.
  • Sovereign Gold Bonds can be held in ______ account.
    A. Current Account
    B. SB Account
    C. Term Deposits
    D. Demat
    E. None of these

    Answer & Explanation
    D. Demat
    Explanation:
    Sovereign Gold Bonds can be held in Demat account.

 

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