Banking Awareness Questions - 2

1. Which among the following is the first universal bank of India?

• 1) HDFC 
• 2) Axis Bank 
• 3) ICICI 
• 4) Federal Bank 
• 5) None of these

Ans: (3)

2. Which of the following is not classified as a commercial Bank ?

• 1) Regional Rural Bank 
• 2) Private Sector Bank 
• 3) Foreign Bank 
• 4) Co-operative Bank 
• 5) None of these

Ans: (4)

3. The securities that the Banks purchase with the intention of keeping them till they mature, fall in which of the following categories ?

• 1) Held till maturity 
• 2) Fixed securities
• 3) Fixed time securities 
• 4) Permanent securities 
• 5) None of these

Ans: (1)

4. Free shares of stock given to share holders at present, based upon the number of shares that a share holder owns are:-

• 1) Right issues 
• 2) Bonus shares 
• 3) IPO 
• 4) Preferential shares 
• 5) None of these

Ans: (2)

5. Budget is an instrument of -

• 1) Commercial policy of the government 
• 2) Fiscal policy of the Government
• 3) Monetary policy of the government 
• 4) Money-saving policy of the government 
• 5) None of these

Ans: (2)

6. A debit card holder cannot perform which of the following functions?

• 1) Make Point of Sale (POS) purchase 
• 2) Recharge pre-paid mobile phones
• 3) Pay Life insurance premium 
• 4) Make donation
• 5) None of the above

Ans: (5)

7. Which of the following is the best option to park money for a long period of time to earn a high rate of interest?

• 1) Savings account 
• 2) Current account 
• 3) Deposit account 
• 4) Recurring account 
• 5) None of these

Ans: (3)

8. CRR refers to the share of _____ that rural banks have to maintain with RBI of their net demand and time liabilities ?

• 1) Liquid cash 
• 2) Gold 
• 3) Forex reserves 
• 4) Illiquid cash 
• 5) None of these

Ans: (1)

9. Credit risk to the bank is high from which of these card ?

• 1) ATM cards 
• 2) Debit cards 
• 3) Credit cards 
• 4) All of these 
• 5) None of these

Ans: (3)

10. Mortgage is a -

• 1) Security on immovable property for a loan given by a bank
• 2) Security on movable property for a loan given by a bank
• 3) Security on immovable property for a deposit received by a bank
• 4) Concession on immovable property for a loan given by a bank
• 5) None of these

Ans: (1)