Banking Awareness Quiz: Set 327

Banking Awareness Quiz

Dear Readers, Welcome to the 2021 Daily Banking Awareness Quiz Question & Answers Section of ExamsCart. Banking Awareness Quiz will Boost Your Banking Awareness Section.

The Banking Awareness Section of Banking Exams covers various segments in it like Banking Awareness, Static GK, In any case, the most imperative thing that you may have seen is that both the Banking Awareness and Static Awareness questions asked in the Banking Awareness Section depend on Current Banking Affairs as it were.

Here is a test on Banking Awareness to give you a chance to survey your Banking Awareness Knowledge. This post contains important Banking Awareness Quiz. A brief explanation of every Quiz is provided to further enhance your general knowledge. 

Banking Awareness Quiz: Set 327

1.  Repo and Reverse Repo together is known as –
a.  Liquidity Assessment Facility
b.  Liquidity Adjustment Facility
c.  Liability Assessment Facility
d.  Liability Adjustment Facility

2.  Call Money deals with –
a.  Overnight funds
b.  funds of 2 to 14 days tenure
c.  funds of 15 days to 1 year tenure
d.  None of the above

3.  Call, Notice and Term Money are used by –
a.  Scheduled Commercial Banks, excluding RRBs
b.  Cooperative Banks, other than Land Development Banks
c.  Primary Dealers
d.  All of the above

4.  Which financial entities can issue Certificate of Deposits (CDs)
a.  Scheduled Commercial Banks, excluding RRBs
b.  Financial Institutions permitted by RBI
c.  Both (a) and (b)
d.  None of the above

5.  Certificate of Deposits issued by banks –
a.  are of min. Rs. 1 lakh and multiple thereof, with maturity of 7 days to 1 year
b.  are of min. Rs. 5 lakh and multiple thereof, with maturity of 7 days to 1 year
c.  are of min. Rs. 1 lakh and multiple thereof, with maturity of 1 month to 1 year
d.  are of min. Rs. 5 lakh and multiple thereof, with maturity of 1 month to 1 year

6. Which of the following is true regarding Negotiable Instruments?
a. Price of negotiable instruments is not firmly established
b. Negotiable instruments can be transferred from one party to another with proper documentation
c. Both (a) and (b) are true
d. None is true

7. Which of the following is/are example(s) of negotiable instruments?
i. Certificate of Deposit (CD)
ii. Government Savings Bonds
iii. Promissory Notes
iv. Bills of exchange
v. Cheques

a. Only (i) and (ii)
b. All except (ii)
c. All except (i) and (ii)
d. Only (iii), (iv) and (v)

8. Which of the following negotiable instrument is an unconditional undertaking?
a. Promissory Notes
b. Bill of Exchange
c. Cheque
d. Both (b) and (c)

9. Which of the following negotiable instrument involves three parties?
a. Promissory Notes
b. Bill of Exchange
c. Cheque
d. Both (b) and (c)

10. In which type of negotiable instrument, drawee is always bank?
a. Promissory Notes
b. Bill of Exchange
c. Cheque
d. Both (b) and (c)

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