It is crucial to have a good command over the General Knowledge section to score high in competitive exams and make it to the final merit list. With frequent quizzes based on Banking & Finance from the General Knowledge section, Exammr has come to your rescue in improving your General Knowledge with the passage of each day.
Q1. Which of the following is not a technique/tool/instrument of money/credit control by the Reserve Bank of India?
a) Open Market Operations
b) Liquidity Adjustment Facility
c) Refinance
d) Monopoly to issue currency
e) None of the above
Q2. MSF is the rate at which banks can borrow overnight from RBI. What is the full form of MSF?
a) Marginal Standing Facility
b) Marginal Statutory Facility
c) Maximum Standing Facility
d) Minimum Statutory Facility
e) None of the above
Q3. Which of the following banks offers UCash, a digital product that enables customers to withdraw money from ATMs through mobile banking without using a debit card?
a) SBI
b) UCO Bank
c) ICICI Bank
d) HDFC Bank
e) None of the above
Q4. The headquarters of Rabobank is in ______.
a) New York, USA
b) Tokyo, Japan
c) Utrecht, Netherlands
d) Beijing, China
e) None of the above
Q5. Sub Prime Lending' is a term applied to the loan made to ___.
a) those borrowers who are most preferred customers of the bank
b) those who have a good credit history and are known to the bank for 10 years
c) those who wish to take a loan against the mortgage of tangible assets
d) those borrowers who do not have a good credit history
e) None of the above
Q6. What is an 'ante-dated' cheque?
a) A cheque which is written by the drawer and dated at some date in the past but not yet expired
b) A cheque which has completed three months from its date of issue
c) A cheque which has completed six months from its date of issue
d) A cheque with only the signature of the drawer
e) None of the above
Q7. Which of the following category of cheques is valid only in a given city and a given branch in which drawer has an account?
a) Open Cheque
b) Crossed Cheque
c) Local Cheque
d) Original Cheque
e) None of the above
Q8. The account in which trading of shares in their electronic form is done is known as _____.
a) Current Account
b) NRIO Account
c) NRI Account
d) Demant Account
e) None of the above
Q9. Which funds transfer system involves the transfer of money from one bank to another on a "real-time" basis?
a) NEFT
b) RTGS
c) IMPS
d) UPI
e) None of the above
Q10. In India, the inflation is calculated on the basis of which of the following indexes?
a) Consumer Price Index (CPI)
b) Sensitive Index of Bombay Stock Exchange (Sensex)
c) Cash Reserve Ratio
d) Wholesale Price Index (wPI)
e) None of the above
Answers:
d) Monopoly to issue currency
a) Marginal Standing Facility
b) UCO Bank
c) Utrecht, Netherlands
d) those borrowers who do not have a good credit history
a) A cheque which is written by the drawer and dated at some date in the past but not yet expired
c) Local Cheque
d) Demant Account
b) RTGS
a) Consumer Price Index (CPI)