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Banking Quiz Set- 9

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Q1. The National Social Security Fund (NSSF) helps which of the following groups of society?
1) Bank employees
2) Central Govt. employees
3) Workers in the unorganized sector
4) Workers in the textile industry
5) Women Employees

Q2. The RBI plays an important part in the Development Strategy of the Government of India. It is a member bank of the Asian Clearing Union. The headquarters of Asian Clearing Union is in
1) Bangkok, Thailand
2) Shanghai, China
3) Manila, Philippines
4) Tehran, Iran
5) Dubai, UAE

Q3. Reserve Mortgage scheme is designed keeping which of the following groups of society in consideration?
1)Senior Citizens
2) Defence personnel
3) Unskilled youth
4) Dependent women
5) None of the above

Q4. What if a banknote is found to be non-payable?
1) Non-payable banknotes retained by State Bank of India so as to be destroyed.
2) Non-payable banknotes are retained by the receiving banks and sent to the Reserve Bank where they are destroyed.
3) 2.75 lakh aNon-payable banknotes are retained by Reserve Bank of India and destroyed by the Govt. of India.
4) Non-payable banks are received by the post offices and then further sent to Reserve Bank of India for destroying.
5) Non-payable banknotes are received by Ministry of Finance for their destruction.

Q5. Which of the following is the first mortgage guarantee company in India?
1) Unit Trust of India
2) Life Insurance Corporation
3) General Insurance Corporation
4) National Housing Bank
5) None of the above

Q6. Which of the following committees suggested the concept of a Bank Investment Company(BIC) that would dislodge the government’s ownership in the public sector?
a) PJ Nayak Committee
b) Ashok Chawla Committee
c) MB Shah Committee
d) PS Shom Committee
e) Deepak Mohanty Committee

Q7. What is the Term Money?
a) Money which is credited for 1 day
b) Money which is given for 2-14 days
c) M1 and M3 deposits
d) Money which is lend/borrow for 15 days and above.
e) None of these

Q8. Which of the following is true about “White Card”?
a) It is related to companies producing milk products
b) It does not carry on its face, the brand of the issuer
c) It is meant to covert blank money into the economy
d) It is a card that provides white money
e) None of these

Q9. CASA is basically the combination of Current account and saving account deposits with a Bank. Why do the Banks put greater emphasis on mobilizing a high CASA ratio?
a) In order to fulfill RBI stipulation for it
b) It helps reduction in average cost of funds
c) These are stable deposits
d) These help Banks maintain a healthy asset-liability ratio
e) None of the Above

Q10. What rate of interest can be offered by banks in India on NRO term deposits?
a) As applicable in domestic term deposits.
b) As per Bank discretion subject to the condition that it cannot be higher than those offered by the bank on comparable domestic rupee deposits.
c) As per Bank discretion.
d) As per RBI.
e) None of these.

 

Answer:

1 ) Workers in the unorganized sector

2)Tehran, Iran

3)Senior Citizens

4)Non-payable banknotes are retained by the receiving banks and sent to the Reserve Bank where they are destroyed.

5) National Housing Bank

6)PJ Nayak Committee

7)Money which is lend/borrow for 15 days and above.

8) It does not carry on its face, the brand of the issuer

9) It helps reduction in average cost of funds

10)As per Bank discretion subject to the condition that it cannot be higher than those offered by the bank on comparable domestic rupee deposits.

 

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