Banking Awareness for Bank Exams 2016 (Quiz)


Q1. Which of the following is a receipt listed in India and traded in rupees declaring ownership of shares of a foreign company?
(a) Indian Depository Receipt
(b) European Depository Receipt
(c) Global Depository Receipt
(d) American Depository Receipt
(e) Luxemburg Depository Receipt

Q2. A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances, is known as-
(a) Universal Banking
(b) Indirect Bank
(c) Door Step Bank
(d) Direct Bank
(e) Unit Banking

Q3. The target set by the UIDAI for issuance of Aadhaar cards upto 2014 is-
(a) 50 crore cards
(b) 55 crore cards
(c) 45 crore cards
(d) 40 crore cards
(e) 60 crore cards

Q4. According to the provisions of the Income Tax Act, 1961, a resident individual is categorized as a ‘very senior citizen’ when he is-
(a) 80 years of age or older
(b) 75 years of age or older
(c) 90 years of age or older
(d) 85 years of age or older
(e) 65 years of age or older

Q5. Which of the following is an investment advisory discipline?
(a) Corporate Industrial Financial
(b) Offshare Banking
(c) Wholesale Banking
(d) Wealth Management
(e) Trade Finance

Q6. The Aadhar-Enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar-enabled basic types of banking transactions do ‘not’ include?
(a) Aadhaar to Aadhaar funds transfer
(b) small overdraft facility
(c) cash withdrawal
(d) balance enquiry
(e) cash deposit

Q7. A type of fraud where in criminals use an innocent person’s details to open or use an account to carry out financial transactions, is known as?
(a) identity theft
(b) hacking
(c) money laundering
(d) espionage
(e) phishing

Q8. The part of a company’s earnings or profits which are paid out to shareholders, is known as-
(a) capital gains
(b) taxes
(c) interest on borrowings
(d) dividends
(e) penal interest

Q9. NABARD is responsible for regulating and supervising the functions of
(a) Investment and Industrial Finance Banks
(b) Cooperative Banks and Regional Rural Banks
(c) Corporate Finance and Overseas Banking Units
(d) Private Sector and Multinational Banks
(e) Reserve Bank of India

Q10. The government of India has announced a ‘Funding for Lending’ scheme. Who are the beneficiaries for this scheme?
(a) Commercial Banks
(b) Regional Rural Banks
(c) Micro-finance Institutions
(d) Finance Departments of the State Governments
(e) None of the above

Q11. The arrangement under which banks sell insurance products acting as the agents of the respective companies, is called the-
(a) Insurance Joint Venture
(b) Bancassurance Model
(c) Hybrid Insurance Model
(d) Insurance Broking
(e) Integrated Model

Q12. The concept of ‘Micro Credit’ essentially concentrates on? 
(a) consumption smoothening as and when needed
(b) providing safe place to hold savings
(c) accepting deposits
(d) provision of credit to the poor
(e) facility to transfer money

Q13. With effect from July 1, 2012, for calculation of lending rates, the Reserve Bank of India has advised banks to switch over to the 
(a) MSF Rate System
(b) Reverse Repo Rate System
(c) Bank Rate System
(d) Repo Rate System
(e) Base Rate System

Q14. An Equity share is also commonly referred to as?
(a) ordinary share
(b) debenture
(c) convertible share
(d) security receipt
(e) preferred stock

Q15. Which among the following companies in India has a tie-up with the Japanese Financial Nomura for insurance market?
(a) ICICI Bank
(b) UCO Bank
(c) Kotak Finance
(d) LIC of India
(e) None of the above