Banking Awareness Quiz : 10 Important Questions

1. Non-banking financial intermediators that provide services similar to traditional commerical banks outside the regulatory control of the central banks, known as the
    (a) Local area banks
    (b) Corporative banks
    (c) Shadow banks
    (d) Private banks
    (e) None of these

2. The ratio of deposits in current and savings account to total deposits of a bank, is known as
    (a) NPA ratio
    (b) NIM ratio
    (c) CD ratio
    (d) CASA ratio
    (e) None of these

3. According to Reserve Bank of India (RBI) guidelines, payment banks are not permitted to ______________.
   (a) set-up branches/ATMs
   (b) undertake utility bill payment services
   (c) issue debit cards
   (d) distribute insurance/mutual fund/pension products
   (e) None of these

4. According to the Regional Rural Banks (Amendment) Act 2015, the cap on authorised capital of RRBs has now been raised from Rs 5 crore to ________________.
    (a) Rs 2000 crore
    (b) Rs 500 crore
    (c) Rs 2500 crore
    (d) Rs 1500 crore
    (e) None of these

5. The first ATM was set-up in Mumbai in 1987 by _____________.
    (a) ICICI Bank
    (b) SBI
    (c) HDFC Bank
    (d) HSBC Bank
    (e) None of these

6. Union Bank of India is one of the major public sector banks in India. It is headquartered in _____________.
   (a) Mumbai
   (b) Bengaluru
   (c) New Delhi
   (d) Chennai
   (e) None of these

7. The Asian Development Bank (ADB) is a regional development bank established in 1966. It is headquartered in ________________.
    (a) Shanghai
    (b) Metro Manila
    (c) Kathmandu
    (d) Jakarta
    (e) None of these

8. The segment of money market which pertains to day-to-day funds requirements of the bank, is known as ______________.
    (a) Call Money market
    (b) Capital market
    (c) Mutual fund market
    (d) Index funds market
    (e) None of these

9. The 'Bank rate' is periodically announced by the ________________.
    (a) Indian Banks Association
    (b) State Bank of India
    (c) Reserve Bank of India
    (d) Ministry of Finance
    (e) None of these

10. Which of the following is the minimum lending rate which the banks can charge their customers?
      (a) Reverse repo rate
      (b) Bank rate
      (c) Repo rate
      (d) Base rate
      (e) None of these

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Answers

1. Shadow banks

2. CASA ratio

3. issue debit cards

4. Rs 2000 crore

5. HSBC Bank

6. Mumbai

7. Metro Manila

8. Call Money market

9. Reserve Bank of India

10. Base rate