Banking Awareness Quiz | | GovernmentAdda
Home / Quiz / Banking Awareness Quiz

Banking Awareness Quiz

 

  • Which of the following is the headquarters of Bank for International Settlements?
    A. Italy
    B. Germany
    C. Switzerland
    D. USA
    E. None of these

    Answer & Explanation
    C. Switzerland 
    Explanation:
    The headquarters of Bank for International Settlements is Basel, Switzerland.
  • The SLR is commonly used to control ______
    A. Deflation
    B. Inflation
    C. Credit Growth
    D. Both (A) and (B)
    E. Both (B) and (C)

    Answer & Explanation
    E. Both (B) and (C)
    Explanation:
    The SLR is commonly used to control Inflation and regulates the credit growth
  • The minimum limit(Earlier Limit) of SLR is ______
    A. 20%
    B. 25%
    C. 35%
    D. 40%
    E. None of these

    Answer & Explanation
    B. 25%
    Explanation:
    The minimum limit(Earlier Limit) of SLR is 25%
  • Following the amendment of the Banking regulation Act(1949) in January 2017, the floor rate of SLR ______ was removed.
    A. 20.25
    B. 20.50
    C. 20.75
    D. 21.25
    E. None of these

    Answer & Explanation
    C. 20.75
    Explanation:
    Following the amendment of the Banking regulation Act(1949) in January 2017, the floor rate of SLR 20.75 was removed.
  • Which of the following is determined by a percentage of total demand and time liabilities?
    A. CRR
    B. SLR
    C. MBS
    D. MCLR
    E. None of these

    Answer & Explanation
    B. SLR
    Explanation:
    SLR is determined by a percentage of total demand and time liabilities.
  • If any Indian bank fails to maintain the required level of SLR, then it becomes liable to pay penalty to _______.
    A. Finance Ministry
    B. Bank Board Bureau
    C. GOI
    D. RBI
    E. None of these

    Answer & Explanation
    D. RBI 
    Explanation:
    If any Indian bank fails to maintain the required level of SLR, then it becomes liable to pay penalty to Reserve Bank of India
  • Which of the following is an example of Demand Liability?
    A. Fixed Deposit
    B. Current Account
    C. Savings Account
    D. Both (A) and (B)
    E. Both (C) and (B)

    Answer & Explanation
    E. Both (C) and (B)
    Explanation:
    Example of demand liability is a deposit maintained in saving account or current account that is payable on demand through a withdrawal form such as a cheque.
  • Which of the following is an example of Time Liability?
    A. Fixed Deposit
    B. Current Account
    C. Savings Account
    D. All of these
    E. None of these

    Answer & Explanation
    A. Fixed Deposit
    Explanation:
    Example of time liability is a six month fixed deposit which is not payable on demand but only after six months.
  • If any Indian bank fails to maintain the required level of SLR, then the defaulter bank pays penal interest at the rate of ______ per annum above the Bank Rate on the shortfall amount for that particular day.
    A. 4%
    B. 5%
    C. 3%
    D. 2%
    E. 6%

    Answer & Explanation
    C. 3%
    Explanation:
    If any Indian bank fails to maintain the required level of Statutory Liquidity Ratio, then the defaulter bank pays penal interest at the rate of 3% per annum above the Bank Rate, on the shortfall amount for that particular day
  • If the defaulter bank continues to default on the next working day, then the rate of penal interest can be increased to _____ per annum above the Bank Rate
    A. 4%
    B. 5%
    C. 3%
    D. 2%
    E. 6%

    Answer & Explanation
    B. 5%
    Explanation:
    If the defaulter bank continues to default on the next working day, then the rate of penal interest can be increased to 5% per annum above the Bank Rate.

 

About GovernmentAdda

We provide all Govt Jobs Like Banking, SSC, FCI,UPSC, Railways and all other important government exams Study Materials,Tricks,Quizes,Notifications,Videos etc.

Check Also

English: Phrasal Replacement For Upcoming Exams

Which of the following phrases (1), (2), (3), (4) given below in the statements should …

Reasoning: Coding – Decoding For Upcoming Exams

Directions (Q. 1-10): Study the following information to answer the given questions. In a certain …

error: