Banking Quiz for Bank exams

Dear Readers,

As all of you know that Bank recruited in thousands last year and they will repeat the same this  year. And Banking Exams always asks banking terminologies and banking history.So we are starting banking awareness quiz so that BA'ians can brace up before exam.

1.The amendment to Section 41 of Reserve Bank of India Act, 1934 was carried out of the purpose of
A. RBI’s decision to do away payment of interest on CRR balances 
B. empowering NGOs involved in environmental protection
C. asking banks/financial institutions not to use coercive methods for recovery of loans 
D. None of the above 

2.The Bank which has entered into carbon credit trading advisory services is : 
B. UCO Bank
C. IDBI Bank
D. Yes Bank

3.The Base Rate system has replaced BPLR with effect from : 
A. 01.05.2010
B. 01.06.2010
C. 01.07.2010
D. 01.08.2010

4.The buyer or the importer who procures a Letter of Credit from his banker is called 
A. opener of the credit 
B. beneficiary of the credit 
C. negotiator of the credit 
D. None of the above 

5.The coverage of Right to Information Act (RTI), 2005 is : 
A. whole of India
B. whole of India, except North Eastern States 
C. whole of India, except the State of Jammu & Kashmir
D. None of the above 

6.The difference between a Term Loan and a Deferred Payment Guarantee relates to :
A. end use of funds
B. outlay of funds 
C. both A and B
D. None of these

7.The expansion for BIFR, in the context of the Indian Industry is : 
A. Board for Industrial and Financial Reconstruction 
B. Bureau for Industrial and Financial Reconstruction 
C. Board for Investment and Financial Reconstruction 
D. Bureau for Investment and Financial Reconstruction 

8.The Financial Year of RBI starts from : 
A. 1st April
B. 1st June 
C. 1st July
D. 1st December 

9.The Government has approved framework for “Mobile-linked No-Frills Accounts” by banks. Which of the following is/are correct regarding the Government’s expectations in this regard.
A. nearly 500 million should be able to access financial services through mobile phones
B. each bank to start its implementation from 31st July and complete it by 31st December 2010
C. this will be a core micro payment platform for payment transfer of benefits of Government Schemes, and financial inclusion of target groups 
D. All of the above 

10.The largest financial conglomerate of India is : 
A. HDFC Bank 
B. ICICI Bank 

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