Banking Awareness Quiz: Set 330

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 330

1. What is the full form of CMB?
a. Cash Management Bill
b. Civil Management Bill
c. Credit Management Bill
d. Cadet Management Bill

2. Government can take loans from RBI as Ways and Means Advances (WMA) up to a certain limit. Since, the loans above the limit bears extra interest, which of the following is a better way for government to meet temporary cash requirements of less than 3 months?
a. Treasury Bills
b. Cash Management Bills
c. Dated Securities
d. Certificate of Deposits

3. Which of the following is a long-term government security?
a. Treasury Bills
b. Cash Management Bills
c. Dated Securities
d. None of the above

4. Dated securities issued by state governments are known as –
a. Treasury Bills
b. Cash Management Bills
c. State Development Loans
d. None of the above

5. NRE accounts can be opened by –
a. Depositing foreign currency
b. Depositing traveler’s cheque
c. Depositing Indian currency (INR)
d. (a) or (b)

6. Select the purpose for which NRE accounts are opened?
a. To park overseas savings remitted to India
b. To maintain account in foreign currency
c. To park Indian earnings, like rent, Indian salary, dividends, etc.
d. None of the above

7. What is the full form of FCNR(B) Account?
a. Foreign Currency Non-Resident Business Account
b. Free Currency Non-Resident Business Account
c. Fast Convertible Non-Resident Bank Account
d. Foreign Currency Non-Resident Bank Account

8. Which type of facility is provided in FCNR(B) accounts?
a. Savings account facility
b. Current account facility
c. Fixed / Term account facility with 1 to 5 years maturity period
d. All of the above

9. FCNR(B) account is maintained in –
a. Indian currency
b. Foreign currency
c. Either (a) or (b)
d. None of the above

10. Preferential Issue is offered to –
a. selected people who already has a stake in the company
b. selected people who doesn’t have a stake in the company
c. selected people who may or may not have stake in the company
d. none of the above

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