Banking Awareness quiz for Bank Exam – (4 May 2020)

The Banking Awareness section constitutes a major part of a competitive examination and needs your undivided attention. 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 Quiz not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking or Insurance Recruitment.

                                         

To complement your preparation for General Awareness section of the upcoming exams like SBI Clerk Mains and RBI Assistant Mains we are providing you Banking Awareness Quiz of 4th May 2020 covering the following topics: Underwriting, External Debt, RBI, Commercial bank.

Q1. What is meant by ‘Underwriting’ the term frequently used in financial sector?
(a) Under valuation of the assets
(b) The Act of taking on a risk
(c) Giving a Guarantee that a loan will not become a bad loan
(d) All of the above
(e) None of the above

Q2. Which of the following is not a banking/finance related term?
(a) Credit warp
(b) EMI
(c) Held to Maturity
(d) Diffusion
(e) None of the above

Q3. The single largest component of external debt is:
(a) Commercial borrowings
(b) Multilateral debt
(c) Short term debt
(d) NRI deposits
(e) None of the above

Q4. Which one of the following rates is not decided by RBI?
(a) Repo rate
(b) Prime Lending rate
(c) Bank rate
(d) Marginal Standing Facility (MSF) rate
(e) None of the above

Q5. Which of the following bank is generally not considered as Commercial bank?
(a) Public Sector Bank
(b) Private Sector Bank
(c) Development Bank
(d) Foreign Bank
(e) None of the above

Solutions

S1. Ans.(b)
Sol. Undertaking refers to the act of taking on a risk for a fee. It is mainly provided by some large financial institutions. For example: Undertaking services are provided by banks, insurance companies, etc.

S2. Ans.(d)
Sol. Diffusion is not a banking/finance related term.

S3. Ans.(a)
Sol. Commercial borrowings were the largest component of external debt.

S4. Ans.(b)
Sol. Prime Lending rate is one of the following rates is not decided by RBI.

S5. Ans.(c)
Sol. Development Bank is generally not considered as Commercial bank.

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