Banking Quiz for Canara Bank and Syndicate Bank PO Exam 2018

Dear Aspirants,

Banking Quiz for Canara Bank and Syndicate Bank PO Exam 2018

With the increased competition in the field of banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.

Q1. In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers?
(a) Retail Banking
(b) Universal Banking
(c) Virtual Banking
(d) Unit Banking
(e) None of the given options is true

Q2. Maximum loan amount to individuals against physical security shares can be _____
(a) 20 lakh
(b) 15 lakh
(c) 25 lakh
(d) 50 lakh
(e) 10 lakh

Q3. The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as:
(a) Economic Policy
(b) Monetary Policy
(c) Fiscal Policy
(d) Credit Policy
(e) Budgetary Policy

Q4. Loans granted by a bank to an exporter popularly known as ‘Export credit’ is guaranteed, in case of default,by which of the following
(a) EXIM Bank
(b) Ministry of International Trade, GOA
(c) ECGC
(e) None of the given options is true

Q5. Who amongst the following is the regulator in the financial system of the country?
(a) OIC
(b) SEBI
(d) TRAN
(e) CERC

Q6. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points. What is basis point? 
(a) Ten percent of one-hundredth point 
(b) One hundredth of 1%
(c) One hundredth of 10% 
(d) Ten per cent of 1000
(e) None of the given options is true

Q7. Which of the following is not a type of cheque issued by an individual? 
(a) Bearer cheque 
(b) Order cheque 
(c) Crossed cheque 
(d) Savings cheque 
(e) None of the given options is true

Q8. What is Financial Inclusion? 
(a) To provide a permanent employment to the unemployment 
(b) To provide a 100 days job to all those who are in need of a job 
(c) Delivery of financial services at affordable costs to vast sections of disadvantaged and low income groups
(d) To ensure that all financial transaction amounting Rs. 5,000/- and above are done through banks. 
(e) None of the given options is true

Q9. Which of the following places in India does not have a stock Exchange? 
(a) Kolkata 
(b) Ahmedabad 
(c) Mumbai 
(d) Udaipur
(e) None of the given options is true

Q10. Which of the following is the name of private sector Bank in India? 
(a) IDBI Bank 
(b) Axis Bank 
(c) Corporation Bank 
(d) UCO Bank
(e) Dena Bank

Q11. Which country has becames the first country to roll out its own digital cash recently?
(a) Peru
(b) Estonia
(c) Japan
(d) Eduador
(e) Kenya

Q12. The International Monetary Fund has approved a new USD 88 billion credit line for __________ replacing the existing line.
(a) Mexico
(b) Japan
(c) Russia
(d) France
(e) Ireland

Q13. The government has fixed 2,952 rupees per gram as price of new series of SGBs recently. SGBs stands for-
(a) Services Gold Bonds
(b) Sovereign Green Bonds
(c) Sovereign Gold Bonds
(d) Sovereign Gold Banks
(e) Systematic Gold Bonds

Q14. The government of India has increased the budget of Agricultural Education by __________ this year as compared to the financial year 2013-14.
(a) 71.3% 
(b) 83.7% 
(c) 53.6% 
(d) 36.2% 
(e) 47.4%

Q15. Which Bank has launched its RuPay Select and RuPay Platinum credit cards recently?
(a) Dena Bank
(b) Corporation Bank
(c) Bank of Baroda
(d) State Bank of India
(e) Punjab National Bank