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Banking Awareness Model Paper

1. Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?

a) Bombay Stock Exchange
b) Delhi stock exchange
c) Calcutta stock exchange
d) Bangalore stock exchange
e) None of the above
Ans: (b)

2. Which of the following is not a function of General Insurance?

a) Cattle Insurance
b) Crop Insurance
c) Marine Insurance
d) Fire Insurance
e) Medical Insurance
Ans: (e)

3. Liability - side of the balance-sheet comprises:

a) Capital reserve
b) Long-term liabilities
c) Current liabilities
d) All of the above
e) None of the above
Ans: (d)

4. Minimum cash reserve fixed by law constitute

a) A percentage of aggregate deposits of bank
b) A percentage of aggregate loans and advances of the bank
c) A percentage of capital and reserves of the bank
d) All of the above
Ans: (a)

5. Which of the following organizations/agencies has sought an emergency fund of Rs.1000 crores from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers?

a) Regional Rural and Cooperative Banks
b) RBI
c) Micro Finance Instutions
e) None of the above
Ans: (d)

6. Which of the following types of accounts are known as "Demat Accounts"?

a) Zero Balance Accounts
b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
c) Accounts in which shares of various companies are traded in electronic form
d) Accounts which are operated through internet banking facility
e) None of the above
Ans: (c)

7. Mortgage is a _______

a) Security on movable property for a loan
b) Security on immovable property for a loan
c) Concession on immovable property
d) Facility on immovable property
e) Security on loan sanctioned against fixed deposits
Ans: (b)

8. ----------- assumed charges as the minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014.

a) Gopal Singh
b) Veerabhadra Singh
c) Manoj Tiwari
d) Giriraj Singh
e) Raju Bhai Gandhi
Ans: (d)

9. Identify the well known person related to Banking field in India from the following?

a) Mrs. Meira Kumar
b) Mrs. Kiran Shaw
c) Mr. Arun Jaitely
d) Dr. D Subbarao
e) All of the above
Ans: (d)

10. Currency notes deposited in the currency chest are the property of ---------?

a) Respective bank
b) RBI
c) SBI
d) Government of India
e) Respective state government
Ans: (b)

11. A fixed deposit receipt is kept with the bank for its safety, is known as -----------

a) Safe custody
b) Safe deposit
c) Locker
d) Valid safe deposit
e) None of the above
Ans: (a)

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