Banking Financial Awareness Quiz Questions Answers for Bank Exams

Banking Awareness

This is an online quiz to test your knowledge of Banking Awareness.
This Online Test is useful for academic and competitive exams.
Multiple answer choices are given for each question in this test. You have to choose the best option.
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There are 10 questions in the test.
There is no negative marking for wrong answers.
There is no specified time to complete this test.
EduDose has provided this test in both English and Hindi medium.

The RBI reviews its credit and monetary policy at regular intervals and also in between. What is the purpose of the same?

To ensure that inflation does not cross the limit.
To ensure that banks have enough liquidity.
To ensure that cost of the fund does not each a very high level

Only 1

Only 2

All 1, 2 and 3

Only 2 and 3

None of these

Euro Bond is an instrument

issued in the European market

issued in Euro currency

issued in country other than the country of the currency of the Bond

All of the above

None of the above

Lot of Banks in India these days are offering M-Banking Facility to their customers. What is the full form of 'M' in 'M-Banking'

Money

Marginal

Message

Mutual Fund

Mobile phone

Under provisions of which one of the following Acts, the Reserve Bank of India has the power to regulate, supervise and control the banking sector?

RBI Act

Banking Regulation Act

Negotiable Instrument Act

RBI and Banking Regulation Act

None of the above

What is an Indian Depository Receipt?

A deposit account with a Public Sector Bank

A depository account with any depositories in India

An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

An instrument in the form of deposit receipt issued by Indian depositories

None of the above

What is the Call Money?

Money borrowed or lent for a day or over night

Money borrowed for more than one day but upto 3 days

Money borrowed for more than one day but upto 7 days

Money borrowed for more than one day but upto 14 days

None of the above

The central co-operative banks are in direct touch with

farmers

state co-operative banks

land development banks

central government

None of these

Which is the monetary measure to control inflation?

Increase in taxation

Decrease in taxation

Soft credit policy

Hard credit policy

None of these

What is the full form of the term LIBOR as used in financial banking sectors?

Local Indian Bank Offered Rate

London-India Bureau of Regulations

Liberal International Bank Official Ratio

London inter Bank Offered Rate

None of the above

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