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Banking Quiz Set- 100

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1.  In a recession, GDP –
a.  grows rapidly
b.  grows negatively
c.  grows slowly
d.  doesn’t grow

2.  Which of the following is not an effect of recession?
a.  Drop in Stock Market
b.  Business losses
c.  Increased employment
d.  Social effects, like low living standards, low wages, etc.

3.  If a bank provides loan to non-creditworthy borrowers, then it is known as –
a.  retail lending
b.  subprime lending
c.  prime lending
d.  corporate lending

4.  Which of the following can trigger recession in an economy?
a.  subprime lending
b.  political instability of the country
c.  falling oil prices
d.  all of the above

5.  What is the full form of DEAF?
a.  Depositor Education and Assumption Fund
b.  Depositor Education and Awareness Fund
c.  Depositor Education and Association Fund
d.  Depositor Education and Application Fund

6.  Which of the following is true regarding DEAF scheme?
a.  All unclaimed amounts in the banks need to be transferred within 1 month after becoming 5 years default to the DEAF Fund
b.  All unclaimed amounts in the banks need to be transferred within 3 months after becoming 5 years default to the DEAF Fund

c.  All unclaimed amounts in the banks need to be transferred within 3 months after becoming 10 years default to the DEAF Fund 
d.  None of the above
7.  What is the objective of DEAF scheme?
a.  To provide reflexive loans to the borrowers
b.  To promote depositor interest, like educating them, or creating awareness among them 
c.  To add to the Consolidated Fund of India, and to be used for nation building
d.  All of the above
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