Friday, 29 November 2013

Banking Awareness Quiz

_____ was the first public bank to introduce credit card?
a)Central Bank of India

_______ Bank was the first Indian Bank to provide internet banking facility?
a)ICICI

Which was the first Bank to provide Mobile ATM?
a)ICICI Bank

How many characters are there in IFSC code?
a)11 alphanumeric code.
First 4 alpha characters representing the bank, the 5th character is 0 (zero)  is a control number and the last 6 characters representing the bank branch

The maximum amount of revenue earned by government is from _______ tax?
a)Corporate

Expand MICR?
a)Magnetic Ink Character Recognition. MICR code consists of 9 digits.  First 3 digits represent the city. Next 3 digits represent the bank. Last 3 digits represent the branch. The MICR Code allotted to a bank branch is printed on the MICR band of cheque leaves issued by bank branches.

What is the common currency of European Union?
a)Euro

What is the cost involved in filing complaints with Banking Ombudsman?
a)No cost

What is Bancassurance?
a)The sale of insurance and other similar products through a bank.

What is Truncation?
a)Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point with the presenting bank en-route to the drawee bank branch.

When was service tax in India introduced for the first time?
a)1994-1995

Which is the world's first bank?
a)Bank of Barcelona (1401) in Spain

Where is union budget introduced first always?
a)Lok Sabha

Which is the India's first non-bank owned ATM?
a)Tata Communications Payments Solutions Ltd, a wholly owned subsidiary of Tata Communications Ltd, unveiled the ATM at Chandrapada in Thane district.  Private sector lender Federal Bank announced its tie-up with Tata Communications Payment Solutions Ltd as the sponsor bank to deploy White Label ATMs (WLAs).

Expand PIN?
a)Personal Identification Number

What is the time limit for reconciliation of failed transactions at ATMs
a)7 working days from the date of receipt of customer complaint
Accordingly, failure to recredit the customer’s account within 7 working days of receipt of the complaint shall entail payment of compensation to the customer @ Rs. 100/- per day by the issuing bank.. 

Government securities are available in a wide range of maturities from ___ days to ___ years to suit the duration of a bank's liabilities?
a)9 days to 30 years

Name the bank which is excluded from Liquidity Adjustment Facility (LAF) by Reserve Bank of India?
a)Regional Rural Banks

Name the registry and central depository for keeping the Government securities?
a)Public Debt Office (PDO)

Treasury bills issued by the state government is available for a minimum amount of Rs._______ and multiples of it?
a)25000

For what term is the directors of Reserve Bank appointed by Govt. of India?
a)4 Years

Under Section 22 of _________, the Bank has the RBI sole right to issue bank notes of all denominations?
a)The Reserve Bank of India Act

Name the act which was replaced by the act Foreign Exchange Management Act in the year 2000?
a)FERA

In which year did RTGS (Real Time Gross Settlement System) introduced?
a)2004

Name the dedicated unit setup by RBI in 2009 mainly to, put in place a system of continuous monitoring of the macro financial system?
a)Financial Stability Unit.

Which is the first mutual fund in India, established by RBI in the year 1968?
a)Unit Trust of India

Name the Reserve Bank’s quasi-judicial authority for resolving disputes between commercial banks, primary cooperative banks and regional rural banks and their customers?
a)Banking Ombudsman

Who was the first Governor of the Reserve Bank of India?
a)Sir Osborne Smith

Who was the first Indian Governor of RBI?
a)CD Deshmukh

Which bank in India started Savings account system?
a) Presidency Bank

Which is the oldest existing public sector bank in India?
a)Allahabad Bank

Name the bank which introduced ATM in India in 1987 for the first time?
a)Hongkong and Shanghai Banking Corporation (HSBC) in Mumbai

Name the bank which has the maximum number of overseas branches?
a)Bank of Baroda

________ launches India’s first rural bank ATM card with a regional rural bank in Varanasi?
a)The National Payments Corporation of India (NPCI)


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