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 major shareholders in Asset Reconstruction Company of India Limited (ARCIL) other than SBI are : 
A. IDBI &Canara Bank

2.The minimum and maximum court fee that is required to be paid for filing a suit in a Debt Recovery Tribunal is:
A. Rs. 5,000; Rs. 1,00,000
B. Rs. 10,000; Rs. 1,00,000
C. Rs. 12,000; Rs. 1,50,000
D. None of the above 

3.The practice of reducing NPAs through cross-lending to square off loans from bank is known as : 
A. “Ever-Greening” of advances 
B. “Take Over” of advances 
C. Compromise Settlement 
D. None of the above 

4.The risks involved in paying a post-dated cheque are : 
A. the drawer may issue other cheques which bear a date prior to the date of such a cheque and if the balance is insufficient, the bank may be held liable
B. an Attachment Order may be received attaching the balance in the account
C. the drawer may stop payment  
D. All of the above 

5.The single largest component of external debt is : 
A. Commercial borrowings
B. Multilateral debt 
C. Short term debt
D. NRI deposits 

6.The term “Holder” under an Option Contract refers to : 
A. Buyer of the Option 
B. Seller of the Option 
C. Middleman/broker 
D. Dealer 

7.The type of charge created on LIC Policy is : 
A. pledge
B. hypothecation 
C. assignment 
D. all of these 

8.To revitalize RRBs, the Central Government has taken some significant steps. One of these is not such a step :
A. made SARFAESI Act applicable to RRBs
B. permitted RRBs to accept NRI deposits 
C. permitted RRBs for Branch Expansion 
D. RRBs can undertake Insurance Business 

9.Under CDR Mechanism, Category-I CDR System is applicable to accounts classified as under in the books of at least 90 per cent of the creditors (by value):
A. Standard 
B. Standard and Sub-Standard 
C. Sub-Standard or Doubtful 
D. Standard or Sub-Standard or Doubtful 

10.Under Section [S.2(h)] of the RTI Act, 2005 “Other Public Authority” means:
A. by notification issued or by order of the appropriate government 
B. all bodies owned, controlled or subsequently financed by the government 
C. all non governmental organizations substantially financed by the government 
D. all of the above