Banking Awareness Quiz: Set 328

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 328

1. Which negotiable instrument(s) can be payable to both bearer and order of the instrument?
a. Promissory Notes
b. Bill of Exchange
c. Cheque
d. All of the above

2. Bill of Exchange is –
a. unconditional order to pay
b. unconditional undertaking/promise to pay
c. conditional order to pay
d. conditional undertaking/promise to pay

3. In case of cheques, who is the payee?
a. account holder, whose account will be debited for payment
b. banks, who will intermediate the payment transaction
c. account holder, whose account will be credited after payment, or person/institution, who will be credited on the bank counter after payment
d. none of the above

4. Cheque is a special type of –
a. Promissory Note
b. Bill of Exchange
c. Both (a) and (b)
d. None of the above

5. ‘Payable to order’ means –
a. whoever bears the instrument will be paid
b. only the person/institution, whose name is written in the instrument will be paid
c. issuer of the instrument will be paid
d. none of the above

6.  If the tenor of transactions in Money Market is 2 to 14 days, then it is known as –
a.  Call Money Market
b.  Notice Money Market
c.  Term Money Market
d.  None of the above

7.  Which of the following is a Money Market Instrument?
a.  Call Money
b.  T-Bills
c.  Collateralized Borrowing and Lending Obligations (CBLO)
d.  All are Money Market Instruments

8.  Repo borrowings by commercial banks from RBI generally have a tenure of –
a.  1 day to 30 days
b.  1 day to 90 days
c.  1 day to 180 days
d.  1 day to 365 days

9.  Which of the following is true regarding Marginal Standing Facility (MSF)?
a.  Tenure is 1 day, and 1% of NDTL of banks is eligible for borrowing
b.  Tenure is 1 day, and 2% of NDTL of banks is eligible for borrowing
c.  Tenure is 30 days, and 1% of NDTL of banks is eligible for borrowing
d.  Tenure is 30 days, and 2% of NDTL of banks is eligible for borrowing

10.  Which of the following is false regarding borrowings of commercial banks from RBI under Bank rate?
a.  Long term borrowing, i.e., 90 days to 1 year
b.  Collateral is needed
c.  Bank rate is generally greater than Repo rate
d.  All are true

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