GK Quiz

1.Zero balance account is generally allowed to be opened for

1) Salaried class 2) Senior Citizens 3) Minor Children’s

4) Foreign Customers 5) Businessman

2.Which of the following terms is NOT used in the field of banking and finance?

1) Commercial paper 2) Premium bonds 3) Call option

3) Blue chip companies 5) Wobbe Index

3.The rate of interest, banks charge to its main/major and prime; customers is popularly called as

1) Prime Lending Rate 2) Repo Rate  3) Cost of Fund

4) Risk Premium 5) Reverse Repo Rate

4.The branding line of Punjab National Bank is

1) Taking Banking Technology to the Common Man

2) Trusted Family Bank  

3) A Name You Can Bank Upon

4) One Bank Many Solutions

5) One Family One bank

5.When someone wants to open a new savings bank account, the bank asks him/her to bring various documents. Which of the following is one of these documents?

1) Degree Certificate 2) Medical Certificate

3) Identity Proof and Proof of Residence

4) Address proof of the guarantors

5) All the above

6.Currency Swap is an instrument to manage

1) interest rate risk 2) currency risk

3) currency and interest rate risk

4) cash flows in different currencies

5) All of the above

7.When a bank dishonours a cheque

1) it is called withdrawing of the cheque

2) it is called settlement of the cheque

3) it is called nullifying of the cheque

4) it is called return of the cheque unpaid

5) it is called truncating of the cheque

8.Loans of very small amounts given to low income groups is called

1) Micro Credit 2) Cash Credit     3) Simple Overdraft

4) Rural Credit   5) No Frills Loan

9.Under provisions of which one of the following Acts, the Reserve Bank of India (RBI) issues directives to the Banks in India?

1) Banking Regulation Act   2) Essential Commodities Act

3) Banking Regulation Act

4) RBI and Banking Regulation Act

5) None of these

10.In banking terms, BCSBI stands for which of the following?

1) Banking Credit and Securities Board of India

2) Banking Codes and Standards Board of India

3) Banking Consumer and State Board of India

4) Banking Commerce and Secretarial Board of India

5) Banking Communications and Systems Board of India

Answer

1-1,   2-5,  3-1,  4-3,  5-3,  6-4,   7-4,   8-1,  9-4,  10-2