ASSIGNMENT

GENERAL AWARENESS
1. Some rural people still prefer to go to which of the following non institutional source for their credit needs? 1) Micro Finance Institutions 2) Commercial Banks 3) Urban Co operative Banks 4) Money Lenders 5) None of these Which of the following methods is being adopted by Banks for calculating and applying interest on Saings Bank accounts? 1) On monthly products based on minimum balance 10th and last working day. 2) Daily balance is counted and interest is paid accordingly 3) On average Quarterly balance 4) On average half yearly balance 5) None of the above What is the maximum number of free transactions that can be undertaken by a customer by using ATM of other bank in a mouth? 1) 2 per month 2) 5 per month 3) 10 per month 4) 15 per month 5) No such restriction Expand the term ALM as used in Banking/Finance sector? 1) Asset Liability Mismatch 2) Asset Liability Maturity 3) Asset Liability Management 4) Asset Liability Manpower 5) None of these Which of the following terms is used in Banking Field? 1) Interest Rate Swap 2) Input Devices 3) Sedimentary 4) Zero Hour 5) Privilege Motion What are teaser loan rates charged by banks? 1) Fixed rate of interest charged by banks 2) Floating rate of interest charged by banks 3) Rate of interest in the initial period is less and goes up subsequently 4) Rate of interest in the initial period is more and it goes down subsequently 5) None of these What is the full form of the term LIBOR as used in financial/banking sector? 1) Local Indian Bank Offered Rate 2) London - India Bureau of Regulations 3) Liberal International Bank Official Ratio 4) London Inter Bank Offered Rate 5) Kerala For which one of the following reasons Basel II norms are to be followed by Commercial Banks? 1) Risk management 2) Adoption of international accounting standard 3) Restriction on bonus payments to bank executives 4) Transparency in disclosures 5) None of these Which of the following is not a part of the scheduled banking structure in India? 1) Money Lenders 2) Public Sector Banks 3) Private Sector Banks 4) Regional Rural Banks 5)State Co-operative Banks The rate of interest on Saving Bank Account is stipulated by 1) The concerned bank 2) RBI 3) Indian Banks Association 4) Government of India 5) Banking Codes and Standards Board of India

2.

3.

4.

5.

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8.

9.

10.

11. 12. 13. 14.

Many times we read a term CBS used in banking operation. What is the full form of the letter 'C' in the term 'CBS'? 1) Core 2) Credit 3) Continuous 4) Complete 5) Which one of the following is present Savings Bank Interest Rate (in percentage terms)? 1) 3.0 2) 3.5 3) 4.0 4) 4.5 5) Which of the following is NOT a Private Bank in India ? 1) Yes Bank 2) HDFC Bank 3) Axis Bank 4) Kotak Mahindra Bank Which of the following is/are NOT the functions of a bank ? (A) Accepting deposits from the public (B) Grant of loans and advances (C) Providing finance to all those who cannot earn enough to survive 1) Only (A) 2) Only (B) 3) Only (C) 4) All (A), (B) & (C) 5) Which of the following terms is used in the field of economics? 1) Adiabatic 2) Bohr Theory 3) Plasma 4) Barter System Many times we see in financial journals/bulletins a term M3. What is M3 ? 1) Currency in circulation on a particular day 2) Total value of the foreign exchange on a particular day 3) Total value of export credit on a given date 4) Total value of the tax collected in a year None of these 5.0 5) IDBI Bank

Only (B) & (C)

15. 16.

5) Viscosity

17. 18. 19.

5) None of these Which of the following terms is used in Finance and Banking? 1) Line of Sight 2) Scattering Loss 3) Revenue Which of the following terms is not used in Banking World ? 4) Oscillation 5) Shielding

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21. 22. 23.

1) Credit 2) Rate 3) Financial Status 4) Discount 5) Absolute zero Banks need liquidity to meet which of the following objectives of banking ? (A) Meet deposit withdrawal (B) Fund loan demands (C) Maintain public confidence 1) Only (A) 2) Only ( B) 3) Only (C) 4) Only (A) & ( B) 5) Only (B) & (C) Banks make frequent changes in their product profile including introduction of new products etc. This is called 1) Product Control 2) Product enhancement 3) Product marketing 4) Product enrichment 5) None of these Which of the following terms is NOT used in banking ? 1) Debit Card 2) Credit Card 3) Kisan Card In which one of the following States, Indias first Islamic Bank 1) Kerala 2) Tamil Nadu 3) Orissa What do you understand by Para Banking services ? 1) Eligible financial services rendered by banks 3) Services provided through business correspondents 5) None of these Which of the following terms is NOT used in Banking World ? 1) Holding Company 2) Post dated cheque 3) Credit 4) ELISA Test 5) None of these is proposed to be set up ? 4) Bihar 5) None of these 2) Utility services provided by banks 4) Services provided to armed force personnel

24. 25. 26.

4) Time deposit

5) Centripetal force 5) Cash Credit Loans 5) Plasma

Loans of small or very small amounts given to low income group people are known as 1) Investment Loans 2) Micro Credit 3) Savings Loan 4) Secured Loans Which of the following terms is used in the field of finance and banking ? 1) Elasticity 2) Inflation 3) Pulse Rate 4) Hot waves

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What are teaser loan rates charged by banks? 1) Fixed rate of interest charged by banks 2) Floating rate of interest charged by banks 3) Rate of interest in the initial period is less and goes up subsequently 4) Rate of interest in the initial period is more and it goes down subsequently

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5) None of these Saving Accounts are ---1) Money can be deposited as well as taken out as per the account holder. 2) Savings can betaken out only once in a year. 3) Money can be deposited at a particular time and should be taken out after certain time period. 4) All of the above 5) None of these Zero saving account is generally open for---1) Service holder 2) Business men 3) Foreign Customers 4) Children 5) Senior Citizen Who is the regulatory authority of banking system? 1) AMFI 2) Finance Minister 3) SEBI 4) IBA 5) RBI RTGS stands for________ 1) Real Time Gross Settlements 2) Reduced Time Gross Settlements 3) Relative Time Gross Settlements 4) Real Total Gross Securities 5) None of these