Banking Quiz for Bank exams

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.Certificate in respect of an SSI unit is given by: 
B. Chamber of Commerce
C. District Industries Centre
D. None of these

2.Closed Economy is one in which: 
A. only export takes place
B. money supply is fully controlled
C. deficit financing takes place
D. neither export nor import takes place

3.Commercial Papers are secured by: 
A. floating charge on stocks 
B. unsecured loans
C. fixed assets
D. book-debts

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4.Concept of “Service Area Approach” was recommended by: 
A. R.V. Gupta
B. A.D. Gorawala
C. Dr. P.D. Ojha Committee
D. Dr. Kalia

5.Credit Exposure does not include: 
A. Bridge Loans
B. Working Capital Demand Loan
C. Shares of the company underwritten by the bank
D. Advances against the Bank’s fixed deposits granted to a company

6.Currency Note containing political slogan is not a legal tender as per: 
A. Legal Tender (Inscribed Notes) Act, 1964
B. Negotiable Instruments Act, 1881
C. Reserve Bank of India Act
D. None of the above

7.Demand draft for 20,000 and above: 
A. can be paid in cash
B. should not be paid in cash
C. mode of payment will depend on the status of the customer
D. None of the above

8.Deposits under NRE/FCNB accounts are linked to: 
A. Base Rate
D. None of these

9.Electronic Fund Transfer scheme of RBI has been renamed as: 
A. Clearing
B. Core Banking Solutions
C. Real Time Gross Settlement
D. National Electronic Fund Transfer

10.Escrow account is useful/helpful to: 
A. importers
B. exporters
C. both A and B
D. None of these