Saturday, 14 September 2013

Banking Awareness Quiz

The stock market index of London stock exchange is known as ________?
a)Footsie (FTSE)

What is the minimum time prescribed by RBI to give a bank loan?
a)40 Minutes. It has banned advertisements saying bank loans within 40 minutes and less than that.

Who is the author of the book ‘History of RBI – Volume 4 – 1981-1997?
a)Dr. Manmohan singh

Where was the organization ASEAN started?
a)Jakarta, Indonesia

For what is Shash Rajgopal Award given?
a)Best Performing Bank in Financial Inclusion

What is Base Rate?
a)It is the minimum lending rate decided by RBI which shall be adopted by all banks

Expand RTGS?
a)Real Time Gross Settlement

What is Brown Labelled ATM’s?
a)ATMs owned by companies and operated by banks

Expand GDR?
a)Global Depository Receipts

Which organisation is known as the market regulator in India?
a)SEBI

Expand SEZ?
a)Special Economic Zone

_______ is called as the percentage of deposit banks keep in reserve with them?
a)Cash Reserve Ratio (CRR)

When an agent asks a customer to invest in Mutual Fund products without telling about the risks involved in the investment, it is known as ______?
a)Mis-Selling

Expand SLR?
a)Statutory Liquid Ratio

What is meant by Bank Rate?
a)Rate at which RBI purchases or re-discounts bills of exchange of commercial banks

What is an Indian Depository Receipt ?
a)An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

An instrument that derives its value from a specified underlying (currency, gold, stocks etc.) is known as what?
a)Derivative

What is Fiscal deficit?
a)Total expenditure less total receipts excluding borrowing

In the Capital Market, the term arbitrage is used with reference to what?
a)simultaneous purchase and sale of securities to make profits from price

What is meant by Reverse repo?
a)Absorption of liquidity from the market by sale of Govt. securities

Currency Swap is an instrument to manage ________?
a)cash flows in different currencies

What is ‘Sub-prime’?
a)lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards

Which is the first Indian company to be listed in NASDAQ ?
a)Infosys

What is the logo of Bank of Baroda known as?
a)Baroda Sun

Expand ‘M’ in ‘M-Banking’ ?
a)Mobile Banking

Using which indexes/indicators is Inflation in India measured?
a)Wholesale Price Index and Consumer Price Index

Expand PSUs?
a)Public Sector undertakings


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