BANKING AWARENESS QUIZ-1

                           Banking Awareness Quiz

Q1. The Holidays for the Banks are declared as per........?
A RBI act
B Banking Regulation Act
C Negotiable Instruments Act(Ans.)
D Companies Act

Q2. Interest below which a bank is not expected to lend to customers is known as ...?
A Deposit Rate
B Base Rate(Ans.)
C Prime Lending Rate
D bank Rate

Q3.  What does the letter"C" denotes in the term CBS as used in Banking operations?
A Central
B Core(Ans.)
C Commercial
D Capital

Q4. The Term FTZ stand for......?

A Free trade Zone(Ans.)
B Food trade Zone
C Foriegn Trade one
D Fiscal Trade Zone

Q5. Excise duty is the tax levied on?
A Production of goods(Ans.)
B Import of goods
C Profits on sale of oods
D None of these

Q6. money deposited at a bank that cannot be withdrawn for a period fixed period of time is known as a ......?
A Term Deposit(Ans.)
B Checking Account
C Savings bank deposits
D Current Deposit

Q7. The term Smart Money refers to?
A Credit cards(Ans.)
B Us Dollars
C Internet Banking
D Foreign currency

Q8. What does the letter P denote in the term PAN as used in Financial transactions?
A Primary
B Partial
C Provisional
D Permanent(Ans.)

Q9. The economy in which there is a mixture of public and private sector both is called.....?

A Closed Economy
B Mixed Economy(Ans.)
C Open Economy
D Public Economy

Q10. Which of the following is a retail banking product?

A Home loans(Ans.)
B Working capital finance
C Corporate term loans
D Export Credit

Regards,

Classroom Team