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Banking Awareness Quiz

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1. Which of the following is not meant for the purpose of investment?
A. Mutual funds
B. Infrastructure funds
C. National Saving certicate
D. Letter of credit
E. None of these

2. First Indian bank to open overseas branch?
A. Bank of India
B. Punjab National Bank
C. Bank of Baroda
D. Bank of India
E. None of these

3. ECS stand for
A. External Commercial System
B. Electronic Clearing System
C. Electronic Commercial System
D. Electrical Clearing Service
E. Electronic Clearing Service

4. Conversion of physical form of share into electronic form is called
A. Demat
B. Exchange
C. Materialization
D. None of these
E. Clearance

5. Which of the following is not correctly matched?
A. ICICI-1956
B. IDBI- 1964
C. IFCI- 1948
D. SIDBI- 1988
E. None of these

6. FINO stands for
A. Final Inclusion Network & operation
B. Finance Investment Network operation
C. Financial Inclusion Network Operation
D. Foreign Investment Network Operation
E. None of these

7. Nationalization of banks took place in India in how many phases?
A. 2
B. 1
C. 3
D. 4
E. None of these

8. A closed economy is
A. Only Exports take place
B. Only Imports take place
C. Imports and exports take place
D. Neither Imports nor Exports take place
E. None of these

9. Who carry out open market operations?
A. SEBI
B. SIDBI
C. RBI
D. NABARD
E. None of these

10. Purpose of setting up Narsimhan committee-2?
A. Eciency and productivity
B. Banking reform process
C. Export of IT sector
D. Fiscal Reform process
E. None of these

 

ANSWER:-
1)D. Letter of credit
2)D. Bank of India
3)E. Electronic Clearing Service
4)A. Demat
5)D. SIDBI- 1988
6)C. Financial Inclusion Network Operation
7)A. 2
8)D. Neither Imports nor Exports take place
9)C. RBI
10)B. Banking reform process

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