Banking Awareness Quiz- For SBI, UIICL and IBPS Exams

Dear Readers, Banking Awareness Questions play important role in General Awareness section. Around 50-60% of questions  from Banking Awareness which includes recent Banking updates also.

Try to Answer Banking Awareness questions given in this post. We will provide you more questions in next post.
Banking Awareness Quiz- For SBI, UIICL and IBPS Exams

1. Repo rate means:
a) rate RBI charges on funds lent to banks
b) rate offered to Blue chip companies
c) a rate equal to Bank rate
d) None of the above

2.S.L. Kapoor Committee relates to:
a) financing of Small Scale Industries
b) Agriculture financing
c) both A and B
d) None of the above

3.Usually, the validity period of an Income Tax Refund Order is :
a) 1 months
b) 2 months
c) 3 months
d) 6 months

4.What do you mean by “Outcome Budget”:
a) It denotes reaction of the media after Budget Papers are approved in the Parliament
b) It aims to measure performance of the Government in various departments
c) It is a report submitted by the Government of India indicating made in different projects by ministries and departments as a first step towards converting outlays into income
d) None of the above

5.When it comes to the following term namely- PLR – what do you mean by ”L”?
b) Liquidity
c) Lending
d) License

6.Cheque books are issued in respect of which among the deposits as mentioned below?
a)Fixed deposit
b) savings bank
c) current account
d) (b) and (c) as above

7.When the requirements of any borrower is very huge, normally banks join together and lend the borrower on sharing basis and this form of finance is called as:
a)Joint financing
b) coordinated financing
c) consortium advance
d) collective finance

8.The minimum and maximum court fee that is required to be paid for filing a suit in a Debt Recovery Tribunal is:
A. Rs. 5,000; Rs. 1,00,000
B. Rs. 10,000; Rs. 1,00,000
C. Rs. 12,000; Rs. 1,50,000
D. None of the above

9.The practice of reducing NPAs through cross-lending to square off loans from bank is known as :
A. “Ever-Greening” of advances
B. “Take Over” of advances
C. Compromise Settlement
D. None of the above

10.The risks involved in paying a post-dated cheque are :
A. the drawer may issue other cheques which bear a date prior to the date of such a cheque and if the balance is insufficient, the bank may be held liable
B. an Attachment Order may be received attaching the balance in the account
C. the drawer may stop payment
D. All of the above