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Banking Awareness Quiz 2014 - Set 37

Tuesday, September 30, 2014

Banking Awareness

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1. Beneficiary bank has to credit the beneficiary's account within
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2. In the both cases of RTGs and NEFT the charges are decided by ?
1. Collecting banker
2. Transferor
3. Transferee
4. Paying Banker
5. None of these
Show Answer

3. In online transactions, IFSC code given. Pick the wrong option related to it ?
1. IFSC is an alphanumeric code that uniquely identifies a bank-branch participating in te NEFT system and RTGS
system.
2. IFSC means Indian Financial System Code
3. It will have 11 digits
4. First 4 digits tell where is the bank's head office
5. 5th digit is always zero and the last 6 digits tell about the branch code
Show Answer

4. SWIFT is an internationally recognized identification code for banks around the world, which has 8 or 11
alphanumeric characters. SWIFT means ?
1. Stand for Worldwide Interbank Financial Telecommunication
2. Society for Worldwide Internal Bank Financial Telecommunication
3. Society for World Interbank Financial Telecommunication
4. Society for Worldwide Interbank Financial Telecommunication
5. None of these
Show Answer

5. Usually No Frill Accounts are ?

1. Savings Account
2. Corporate Account
3. Fixed Deposit
4. Kiddy Account
5. Salary Account
Show Answer

6. From which date, the No Frill Accounts to be treated as BSBDA as per the order of RBI ?
1. 10th August 2012
2. 15th April 2013
3. 25th May 2014
4. 18th April 2015
5. 10 December 2016
Show Answer

7. One individual can have how many BABDA accounts in one bank as per the order of RBI ?
1. three
2. two
3. four
4. five
5. one
Show Answer

8. The Basic Savings Bank Deposit Account (BSBDA) scheme of RBI to be opened in which of the following
banks ?
1. Public Sector Banks
2. Private Sector Banks
3. Foreign Banks Operating in India
4. Foreign Banks Operating in Foreign Countries
5. All of above
Show Answer

9. The balance to be maintained by the Customer in the BSBDA is ?

1. Rs. 1000
2. Rs. 500
3. Rs. 250
4. Rs. 50
5. No minimum balance required
Show Answer

10. To open the BSBDA, the initial deposit to open the account must be ?
1. Rs. 100
2. Rs. 500
3. Rs. 1000

4. Rs. 5000
5. No initial deposit needed
Show Answer

11. The facility not available in the BSBDA is ?

1. deposit amount
2. withdrawing of cash
3. ATM Card
4. withdrawal form facility
5. All above facilities available
Show Answer

12. Total credits in the BSBDA should not exceed ?

1. 2 Lakh per year
2. 5 Lakh per year
3. 10 Lakh per year
4. 8 Lakh per year
5. 1 Lakh per year
Show Answer

13. The maximum balance in the BSBDA is ____________ at any time ?

1. should not exceed Rs. 1 Lakh
2. should not exceed Rs. 2 Lakh
3. should not exceed Rs. 10,000
4. should not exceed Rs. 3 Lakh
5. should not exceed Rs. 50,000
Show Answer

14. In the current account, the facility given is ?

1. No restriction on number of deposits
2. No restriction on number of withdrawals
3. No restriction on use of cheques
4. All of above
5. None of above
Show Answer

15. The formal way of lending includes lending from ?

1. Private Sector Banks
2. Co-operative Banks
3. Public Sector Banks
4. RRB
5. All of the above
Show Answer

16. The Village people take more loans from non-institutional sources (informal route). It includes ?
1. Scheduled Loans
2. Public Sector Banks
3. Co-Operative Banks
4. Rural Banks
5. Money Lenders
Show Answer

17. The Loan taken for the purpose of doing business is called _____________
1. Non-Commercial Loan
2. Anti-Personal Loan
3. Business Loss Loan
4. Enterprise Gold Loan
5. Commercial Loan
Show Answer

18. Loan taken for not doing of the business, usually called ?
1. Commercial Loan
2. Non-Commercial Loan
3. Individual Group Loan
4. Virtual Loan
5. Business Torn Loan
Show Answer

19. Example for Non-commercial Loan is ?

1. Agricultural Loan
2. Loans to BPL families
3. Loans to SHG
4. Loans to SC and ST communities
5. All the above
Show Answer

20. Loan taken by the person, not telling the purpose of taking loan is called ?
1. Impersonal Loan
2. Personal Loan
3. Concealed Loan
4. Hidden Loan
5. Go and Apply Loan
Show Answer

Read more Banking Awareness Model Practice Sets from below

Set 1
Set 2

Set 3
Set 4
Set 5
Set 6
Set 7
Set 8
Set 9
Set 10
Set 11
Set 12
Set 13
Set 14
Set 15
Set 16
Set 17
Set 18
Set 19
Set 20
Set 21
Set 22
Set 23
Set 24
Set 25
Set 26
Set 27
Set 28
Set 29
Set 30
Set 31
Set 32
Set 33
Set 34
Set 35
Set 36

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