Monday 2 May 2016

Banking Awareness Quiz - 10 | SBI | IBPS


1. Which of the following term is not related to Banking or Finance?
a) Debenture
b) Equity
c) Zero Coupon
d) Par value
e) Database

2. Without which of the following a bank can not survive?
a) Cash
b) Computers
c) Customers
d) Credit
e) Competitors

3. Securitization and Reconstruction of Financial Assets and Enforcement of security Interest Act relates to -
a) Sanction of loans
b) Enhancement of Loan limits
c) Recovery of loans
d) All of the above
e) None of above

4. MSMED Act is applicable to -
a) Smalls enterprises only
b) Medium enterprises only
c) Micro enterprises only
d) Micro, Small and medium enterprises
e) All enterprises irrespective of their size engaged in manufacturing activity

5. Money Laundering refers to - 
a) Conversion of assets into cash
b) Conversion of money which is illegally obtained
c) Conversion of cash into gold
d) Conversion of gold into cash
e) None of the above

6. The Monetary and Credit Policy is reviewed by the RBI after a gap of -
a) One year
b) 6 months
c) Two years
d) Five years
e) 3 months

7. A customer can approach banking ombudsman if he does not get satisfactory response to his grievance from the bank within how many days?
a) 7
b) 21
c) 30
d) 60
e) 45

8. Code of banks commitment to Micro and Small enterprises is prepared by -
a) RBI
b) SEBI
c) FEDAI
d) Ministry of Small and Medium Enterprises
e) BCSBI

9. What is the full form of ASBA?
a) Allotment Supported by Slocked Amount
b) Application Supported by Blocked Amount
c) Application Supported by Bank Amount
d) Allotment Supported by Bank Account
e) None of the above

10. Which of the following is NOT a Government - Sponsored organization?
a) Small Industries Development Bank of India
b) NABARD
c) National Housing Bank
d) ICICI Bank
e) All are Government Sponsored


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