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Banking/Financial Awareness for Canara,SBI & Other Bank Exams

1. Which of the following types of cards is free from credit risk?

(a) Credit card

(b) Debit Card

(c) Charge Cards

(d) All of the above

(e) Both (c) and (d)

2. A type of economy that still uses various means of social support, is called-

(a) Capitalist Economy

(b) Mixed Economy

(c) Socialist Economy

(d) Traditional Economy

(e) None of the given options is true

3. In the field of banking, what does ADF stand for?

(a) Additional Dearness Allowance

(b) Automated Data Flow

(c) Additional Deposit Allowance

(d) Automated Deposit Allowance

(e) None of the given options is true

4. Under which Act are the KYC norms implemented-

(a) SEBI Act, 1992

(b) Foreign Contribution and Regulation Act, 1976

(c) Prevention of Money Laundering Act, 2002

(d) Banking Regulation Act, 1949

(e) None of the given options is true

5. What is the term for a bank without any branch network that offers its services remotely?

(a) Internet only Banks

(b) Direct Bank

(c) Lending Institution

(d) Indirect Bank

(e) Online Bank

6. Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short-term securities as a reserve all the time in banking world, this is known as

(a) CRR

(b) Fixed asset

(c) SLR

(d) PLR

(e) None of these

7. Which of the following are the instruments of Credit Control in the hands of the RBI?
I. Lowering or raising the discount and interest rates.
II. Raising the minimum support price of the major agro products.
III. Lowering or raising the minimum cash reserves maintained by the commercial banks.
Select the correct answer using the codes given below
(a) Only I

(b) Only II

(c) Only III

(d) Both I and III

(e) Both II and III

8. CGTMSE stands for

(a) Central Government Fund Trust for Medium and Small Enterprises
(b) Credit Guarantee Fund for Medium Size Enterprises
(c) Central Government Transfer Fund for Multispecialty Micro Enterprises
(d) Credit Guarantee Fund Trust for Micro and Small Enterprises
(e) None of the above

9. Under which section of the Reserve Bank of India Act, the Reserve Bank has the sole right of note issue?

(a) Section 20

(b) Section 22

(c) Section 25

(d) Section 28

(e) Section 30

10. RBI stipulates a healthy mix of CASA in the business figures of banks. What does it denote?
(a) Customer Analysis and Savings Pattern
(b) Cost Appreciation and Selling Analysis
(c) Current Account and Savings Account
(d) Credit and Savings Aggregate
(e) None of the above

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