Banking and Finance Quiz

1. CRR funds are kept by the Banks in.........?
1. Cash in hands at branches
2. Balance with other banks
3. Balance in a special accounts with RBI
4. Funds in the currency chest

2. India's first indigenous payment gateway is ..........?
1. India Expenditure
2. India Payment
3. India Challan
4. India Pay

3. The interest on recurring deposit is paid on the basis of ?
1. Simple interest calculated monthly basis
2. Simple interest on monthly product basis
3. Quarterly compounding
4. Interest calculated on daily product basis

4. Which of the following is not an imperfect note?
 1. Wahsed note
2. Bleached note
3. Multilated note
4. Oiled note

5. When bank accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as.....?
1. Term deposit
2. Demand Deposit
3. Bond
4. Mortgage

6. Issuing credit cards is a component of?
1. Corporate Banking
2. Rural banking
3. Retail Banking
4. Micro finace

7. Certificate of deposits have a minimum value of......?
1. Rs 1 lakh
2. Rs 10 Lakh
3. Rs 25 lakh
4. Rs 1 crore

8. CAPART is associated with which of the following?
1. Energy sector
2. Rural Developemnt
3. Infrastructure
4. Foreign trade
Ans- 2

9. A loan bearing low rate of interest is known as ........?
1. Hard loan
2. Soft loan
3. Capital Loan
4. Real Loan

10.When the loan is guaranteed for purchase of white goods it is called......?
1. White goods loan
2. Consumer durable loan
3. Business loan
4. Consumption loan

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