Banking Awareness Quiz: Set 333

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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

Banking Awareness Quiz: Set 333

Q1. Which discussing investments there is mention of short-term government security? What is this type of investment known as?
(a) Debenture
(b) Mutual fund
(c) Treasury bill
(d) Share
(e) None of the given options is true

View Answer

(c) Treasury bill

Q2. Which of the following schemes available in the financial markets is not meant for investment purposes?
(a) National savings certificates
(b) Infrastructure bonds
(c) Mutual funds
(d) Letter of credit
(e) None of the given options is true

View Answer

(d) Letter of credit

Q3. Systematic Investment Plans are a customer-centric facility provided by which of the following?
(a) Mutual funds
(b) Stockbrokers
(c) Commercial banks
(d) Post office savings schemes
(e) None of the given options is true

View Answer

(a) Mutual funds

Q4. NBFCs are an important part of the Indian financial system. What is the full form of this term?
(a) New Banking Financial Companies
(b) Non-Banking Financial Companies
(c) Neo Banking Financial Confederation
(d) Non-Banking Fiscal Companies
(e) None of the given options is true

View Answer

(b) Non-Banking Financial Companies

Q5. What does the term ‘bancassurance’ mean?
(a) Assurance from the bank to its account holder regarding the safety of his money
(b) A special product designed by the bank
(c) Selling of insurance policies by banks
(d) The understanding between banks and insurance companies
(e) None of the given options is true

View Answer

(c) Selling of insurance policies by banks

Q6. Which of the following are the instruments of Credit Control in the hands of the RBI?
I. Lowering or raising the discount and interest rates.
II. Raising the minimum support price of the major agro products.
III. Lowering or raising the minimum cash reserves maintained by the commercial banks.
Select the correct answer using the codes given below.
(a) Only I
(b) Only II
(c) Only III
(d) Both I and III
(e) Both II and III

View Answer

(d) Both I and III

Q7. RBI’s open market operation transactions are carried out with a view to regulate-
(a) liquidity in the economy
(b) prices of essential commodities conflation
(c) borrowing power of the banks
(d) All of the above
(e) None of the given options is true

View Answer

(d) All of the above

Q8. The stance of RBI monetary policy is-
(a) inflation control with adequate liquidity for growth
(b) improving the credit quality of the banks
(c) strengthening credit delivery mechanism
(d) supporting investment demand in the economy
(e) All of the above

View Answer

(e) All of the above

Q9. Which of the following is not a function of the RBI?
(a) Maintaining Forex
(b) Deciding Bank Rate, CRR, and SLR from time to time
(c) Opening Savings Accounts for the general public
(d) Prescribing the Capital Adequacy Ratio
(e) Currency Management

View Answer

(c) Opening Savings Accounts for the general public

Q10. What does the letter ‘L’ denote in the term ‘LAF’ as referred to every now and then in relation to the monetary policy of the RBI?
(a) Liquidity
(b) Liability
(c) Leveraged
(d) Longitudinal
(e) Linear

View Answer

(a) Liquidity



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