Banking Quiz for upcoming Exams

1. When the RBI opts to reduce liquidity in the banking system, it increases which of the following?
1) CRR
2) SLR
3) Repo rate
4) Reverse repo rate
5) Any of the above
Ans-5

2.What is the term used for the debt instrument, secured by the collateral of an immovable property, in which the borrower is obliged to pay back the debt on terms agreed upon?
1) Lien
2) Assignment
3) Mortgage
4) Hypothecation
5) Pledge
Ans-3

3. A Banking Ombudsman can reject a complaint at any stage on which of the following grounds?
1) There is no loss or damage or inconvenience caused to the complainant in the opinion of the Banking Ombudsman.
2) The compensation sought from the Banking Ombudsman is beyond `10 lakh.
3) The complaint is not pursued by the complainant with reasonable diligence.
4) Any of the above
5) Only 1) and 3)
Ans-4

4. What does the letter ‘A’ represent in the abbreviation CRAR?
1) Allocation
2) Advance
3) Adequacy
4) Assets
5) None of these
Ans-4

5. Revolving credit is made available by the issuer in the case of which of the following instruments?
1) Debit card
2) Credit card
3) Cashless claim card
4) ATM card
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) Fixed Deposit account
4) Recurring account
5) None of these
Ans-3

8. The Reserve Bank of India (RBI) granted QCCP status to Clearing Corporation of India Ltd (CCIL) recently. QCCP stands for
1) Queried Central Counterparty
2) Qualifying Central Counterparty
3) Qualitative Central Counterparty
4) Quantitative Central Counterparty
5) None of these
Ans-2

9. The process through which an investor’s physical share certificate gets converted to electronic format which is maintained in an account with the Depository Participant, is termed as
1) Materialisation
2) Dematerialisation
3) Conversion
4) Prioritisation
5) None of these
Ans-2

10.Which of the following abbreviations and their expanded forms is NOT matched correctly?
1) BIFR: Board for Industrial and Financial Reconstruction
2) CBS: Central Banking Solution
3) FPO: Follow-on Public Offer
4) NCD: Non-Convertible Debentures
5) None of these
Ans-2

1. When the RBI opts to reduce liquidity in the banking system, it increases which of the following?
1) CRR
2) SLR
3) Repo rate
4) Reverse repo rate
5) Any of the above
Ans-5

2.What is the term used for the debt instrument, secured by the collateral of an immovable property, in which the borrower is obliged to pay back the debt on terms agreed upon?
1) Lien
2) Assignment
3) Mortgage
4) Hypothecation
5) Pledge
Ans-3

3. A Banking Ombudsman can reject a complaint at any stage on which of the following grounds?
1) There is no loss or damage or inconvenience caused to the complainant in the opinion of the Banking Ombudsman.
2) The compensation sought from the Banking Ombudsman is beyond `10 lakh.
3) The complaint is not pursued by the complainant with reasonable diligence.
4) Any of the above
5) Only 1) and 3)
Ans-4

4. What does the letter ‘A’ represent in the abbreviation CRAR?
1) Allocation
2) Advance
3) Adequacy
4) Assets
5) None of these
Ans-4

5. Revolving credit is made available by the issuer in the case of which of the following instruments?
1) Debit card
2) Credit card
3) Cashless claim card
4) ATM card
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) Fixed Deposit account
4) Recurring account
5) None of these
Ans-3

8. The Reserve Bank of India (RBI) granted QCCP status to Clearing Corporation of India Ltd (CCIL) recently. QCCP stands for
1) Queried Central Counterparty
2) Qualifying Central Counterparty
3) Qualitative Central Counterparty
4) Quantitative Central Counterparty
5) None of these
Ans-2

9. The process through which an investor’s physical share certificate gets converted to electronic format which is maintained in an account with the Depository Participant, is termed as
1) Materialisation
2) Dematerialisation
3) Conversion
4) Prioritisation
5) None of these
Ans-2

10.Which of the following abbreviations and their expanded forms is NOT matched correctly?
1) BIFR: Board for Industrial and Financial Reconstruction
2) CBS: Central Banking Solution
3) FPO: Follow-on Public Offer
4) NCD: Non-Convertible Debentures
5) None of these
Ans-2

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