GK Quiz

Ques. : 1   Lack of access to financial services is technically known as
1) financial inclusion 2) financial stability    3) financial instability 4) financial exclusion
5) poverty
Ques. : 2   Loans of very small amounts given to low income groups is called
1) Micro Credit 2) Cash Credit    3) Simple Overdraft 4) Rural Credit   5) No Frills Loan


Ques. : 3   When a bank dishonors a cheque
1) it is called withdrawing of the cheque 2) it is called settlement of the cheque
3) it is called nullifying of the cheque 4) it is called return of the cheque unpaid
5) it is called truncating of the cheque


Ques. : 4   When the loan is guaranteed for purchase of white goods it is called
1) White goods loan 2) Consumer durable loan    3) Business loan   4) Consumption loan
5) Proprietary loan


Ques. : 5   While tackling the problem of inflation, which one of the following aspects is taken into consideration by the Reserve Bank of India, RBI?
1) Balance between budget deficit and price stability
2) Balance between prices of the essential commodities
3) Balance between growth and financial stability
4) Balance between growth, price stability and financial stability
5) All of the above

Ques. : 6   Which of the following states became the first in the country to launch Children’s Courts for speedy trail of crime against children?
1) Haryana      2) Uttar Pradesh    3) Delhi     4) Maharashtra      5) West Bengal


Ques. : 7   The Kaladan Multimodal Transit Transport Project is a joint initiative of India and which of the following neighboring countries?
1) Nepal        2) Pakistan        3) Sri Lanka      4) Myanmar      5) Bhutan


Ques. : 8   When we deposit a cheque issued in our name in the bank, the bank always checks if the cheque has been crossed or not? Why is this done?
1) It is a process by which the person who has issued the cheque comes know whether the cheque is enchased or not
2) It ensures that the money is deposited only in the account of the person in whose name the cheque has been drawn
3) The bank insists on it only when the party wants the payment immediately and that too in cash only
4) This is the instruction of RBI that all the cheques of the amount of Rs 10,000 should be accepted only if they are crossed
5) None of these


Ques. : 9   Under provisions of which one of the following Acts, the Reserve Bank of India (RBI) issues directives to the Banks in India?
1) Banking Regulation Act    2) Essential Commodities Act    3) Banking Regulation Act
4) RBI and Banking Regulation Act    5) None of these


Ques. : 10   In banking terms, BCSBI stands for which of the following?
1) Banking Credit and Securities Board of India
2) Banking Codes and Standards Board of India
3) Banking Consumer and State Board of India
4) Banking Commerce and Secretarial Board of India
5) Banking Communications and Systems Board of India


Answer


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1
4
3
4
5
2
7
4
9
4
2
1
4
2
6
3
8
2
10
2