Banking Awareness / Terms Quiz Set 1

1. Those amounts due to vendors or suppliers that must be paid within one year
is known as ___________ ?

Debtors

Creditor

Accounts Payable

Current Assets

2. Short-term assets, representing amounts due to a vendor or suppliers of goods

or services that were sold on credit terms is known as ______ ?

Account Receivable

Current Liabilities

Fixed Asset

None of the Above

3. ______ is the rate of interest which is levied on Short-Term loans taken by

commercial banks from RBI.

Bank Rate

Reverse Repo Rate

Base Rate

Repo Rate

4. ______ is the rate at which commercial banks charge on their surplus funds
with RBI.

Repo Rate

Reverse Repo Rate

Interest Rate

Bank Rate

5. _________ is the amount a commercial bank needs to maintain in the form of

cash, or gold or government approved securities (Bonds) before providing credit
to its customers.

SLR

CRR

Term Deposit Rate

Call Money

6. Reserve Bank of India was nationalized in:

1946

1947

1948

1949

7. _________ is the amount of cash funds that the banks have to maintain with
RBI.

Mortgage Rate

Base Rate

Cash reserve Ratio

None of the above

8. _________ is the rate of interest which is levied on Longt-Term loans and

Avances taken by commercial banks from RBI

Fixed Interest Rate

Bank Rate

Fixed Deposit Rates

Repo Rate

9. SEBI is a _________

Constitutional body

Statutory body

Non statutory body

Advisory body

10. What does FII stands for ?

Foreign Institutional Investor

France Institutional Investor

Forestry Innovation Investment

Foreign Indirect Investment

11. _________ is the rate at which banks can borrow overnight from RBI.

Term Deposit Rate

Marginal Standing Facility Rate

Market Rate

Call Money Rate

12. What does SEZ stand for?

Special Economic Zone

South East Zone

State Enterprise Zones

Stream Environment Zone

13. _________ a general increase in prices and fall in the purchasing value of
money.

Rising in Price of Money

Inflation

Increased Goods Supply

None of the Above

14. _________ is a reduction of the general level of prices in an economy.

Shortage of Goods

Deflation

Inflation

None of the above

15. FDI stands for?

Foreign Diverse Investment

Foreign Dealers in India

Frequent Direct Interest

Foreign Direct Investment

Answer:
1] Accounts
Payable, 2] Account
Receivable, 3] Repo
Rate,4] Reverse
Repo
Rate, 5] SLR (Statutory Liquidity Ratio), 6] 1949,7] Cash Reserve Ratio (CRR), 8] Bank
Rate, 9] Statutory body, 10]Foreign Institutional Investor, 11] Marginal Standing Facility
Rate (MSF), 12] Special Economic Zone, 13] Inflation, 14] Deflation,15] Foreign Direct
Investment.

Banking Awareness Test Set 2, Banking awareness fully solved questions

and answers useful for upcoming IBPS PO and IBPS clerk exam.
1. The _________ is the method countries use to monitor all international
monetary transactions at a specific period of time.

Import Export Balance

Balance of Payment

Balance of Payment

None of the Above

2. What does ADB stand for?

American Development Bank

Australian Development Bank

Asian Development Bank

None of the Above

3. ________ is the difference in value between a country's imports and exports.

Balance Of Trade

Balance of Payment

Balance of power

Credit Balance

4. What does ATM stand for?

Any Time Money

Automated Teller Machine

All Time Money

None of the above

5. _________ is a statement showing the assets and liabilities of a business at a

certain date.

Accounts Payable

Account Sheet

Accounts Receivable

Balance Sheet

6. A short-term loan that is used until a person or company secures permanent

financing or removes an existing obligation is called as ?

Cash Credit

Term Loan

Bridge Loan

Letter of Credit

7. Which of the following bank had its old name as Devkaran Nanji Banking
Company Limited?

Dhanlaxmi Bank

Dena Bank

Central Bank of India

State Bank of Mysore

8. Money loaned by a bank or other institution which is repayable on demand is

called as ?

Call Money

Demand Loan

Cash Credit

Short Term Loan

9. Discount and Finance House of India (DHFL) was set up in _________ ?

April 1979

May 1992

August 1889

March 1988

10. _________ is the means by which a government adjusts its spending levels
and tax rates to monitor and influence a nation's economy.

Economic Policy

Fiscal Policy

Long Term Planning

Monetary Policy

11. Banks which are included in the second schedule of the Reserve Bank of India
Act, 1934 are called as ?

Public Sector Banks

Co-Operative Banks

Foreign Banks

Scheduled Banks

12. A system that allows customers of a financial institution to conduct a number

of financial transactions through a mobile device such as a mobile phone or
tablet is known as _________?

Mobile Banking

eBanking

Internet Banking

None of the Above

13. When a customer uses banking channels to cover up his suspicious and
unlawful financial activities, is called as _______ ?

Black Money Transaction

Money Transfer

Hot Money Transaction

Money Laundering

14. National Bank for Agriculture & Rural Development (NABARD) was setup in
the year _________ ?

1982

1991

1969

1948

15. In banking parlance, NPA stands for _________ ?

Net Performing Asset

Non Performing Asset

Non-Productive Asset

None of the Above

16. Banks where a majority stake (above 50%) is held by a government are known
as

Nationalised Banks

Government Banks

Public Sector Banks

Commercial Banks

Answer:
1] Balance
of
Payment, 2] Asian
Development
Bank, 3] Balance
Of
Trade, 4] Automated Teller Machine, 5] Balance Sheet, 6] Bridge Loan, 7] Dena
Bank, 8] Call
Money, 9] March
1988, 10] Fiscal
policy, 11] Scheduled
Banks, 12] Mobile Banking, 13] Money Laundering, 14] 1982, 15] Non Performing
Asset, 16] Public Sector Banks

Banking Awareness Test Set 3, Banking awareness fully solved

questions and answers useful for upcoming IBPS PO, Associate Banks of
SBI and IBPS clerk Bank exam.
1. What is the full form of CBS?

Cash Banking Solutions

Core Banking Solutions

Cash Balance Solutions

Capital Banking Solutions

2. What does AGM stand for?

Asian General Meeting

American General Meeting

Academic General Meeting

Annual General Meeting

3. What does CAG stand for?

Controller and Author General of India

Constant Auditor General of India

Controller and Auditor General of India

None of the Above

4. What does CPI stand for ?

Cash Price Index

Consumer Price Index

Cost Price Index

Current Price Index

5. What does CRR stand for?

Credit Reserve Ratio

Cost Advisory Ratio

Cash Reserve Ratio

Cash Revenue Ratio

6. What does 'DD' stand for

Demand Cheque

Demand Credit

Demand Cash

Demand Draft

7. Which among the following does the RBI not decide?

SLR

CRR

Bank Rate

Base Rate

8. What does T in RTGS stand for?

Time

Transaction

Tax

Transfer

9. RBI was established on _________ ?

April 21st, 1940

April 20st, 1943

April 22nd, 1947

April 1st, 1935

10. Which among the following is at times mentioned as a kind of Direct Debit
Facility?

RTGS

ECS

NEFT

None of the Above

11. MICR on bank cheques is a 9-digit code which actually shows whether the
cheque is real or fake. What does MICR stands for?

Monetary Ink Cheque Recognition

Magnetic Ink Character Retrieval

Magnetic information Code Recognition

Magnetic Ink Character Recognition

12. What does EXIM Bank stand for?

Extra Import Bank of India

Export Import Bank of India

Export Information Bank of India

None of the Above

13. What does FCCB stand for?

Foreign Currency Convertible Bond

France Currency Convertible Bond

Freight Currency Convertible Bond

None of the Above

14. Which of the following organizations is the Mutual Fund Market regulator?

CIBIL

MCX-SX

SEBI

National Stock Exchange of India

15. What does HDFC stand for?

Housing Development Finance Corporation

Haryana Development Finance Corporation

Hyderabad Development Finance Corporation

None of the Above

Answer:
1] Core Banking Solutions, 2] Annual General Meeting, 3] Controller and Auditor
General of India, 4] Consumer Price Index, 5] Cash Reserve Ratio, 6] Demand
Draft, 7] Base rate, 8] Time (Real Time Gross Settlement), 9] April 1st, 1935, 10] ECS
(Electronic
Clearing
Service), 11] Magnetic
Ink
Character
Recognition
(MICR), 12] Export Import Bank of India, 13] Foreign Currency Convertible
Bond, 14]SEBI (Securities and Exchange Board of India), 15] Housing Development
Finance Corporation

Banking Awareness Online Test Set 4, Banking awareness fully solved

questions and answers useful for upcoming bank exams and All
Competitive Examination.
1. What does 'GDP' stand for?

Government Domestic Product

Gross Domestic Product

General Domestic Product

Global Depository Product

2. What does 'IFCI' stand for?

Industrial Finance Corporation of India

Investment Finance Corporation of India

International Finance Corporation of India

None of the Above

3. What does 'IMF' stand for?

India Monetary Fund

Industrial Monetary Foundation

International Monetary Fund

International Monetary Foundation

4. What does 'IIP' stand for?

Index of Industrial Production

Index of Industrial Position

Index of Indian Production

None of the Above

5. What does I in IDBI stand for?

International

Indian

Investment

Industrial

6. What does I in LIC stand for?

Investment

Insurance

Interest

None of the Above

7. What does N in NASSCOM stand for?

Net

Non

National

None of the Above

8. What does 'NBFC' stand for?

Net Banking Financial Companies

Nominal Banking Financial Companies

National Banking Financial Companies

Non Banking Financial Companies

9. What does 'NGO' stand for?

Non-Governmental Organization

Non-Global Organization

National Governmental Organization

Non-Goa Organization

10. What does 'NHB' stand for?

National Head Bank

National Haryana Bank

National Housing Bank

Non-Housing Bank

11. What does 'PF' stand for?

Public Fund

People Fund

Paid Fund

Provident Fund

12. What does 'PSE' stand for?

Public Sector Entrepreneur

Public Sector Enterprises

Public Social Enterprise

Public Social Entrepreneur

13. What does 'REC' stand for?

Rural Electrification Corporation

Rajasthan Electrification Corporation

Ranchi Electrification Corporation

None of the Above

14. What does 'SEBI' stand for?

Securities and Exchange Board of India

Science and Educational Board of India

Social Equity Bureau of India

Science and Engineering Board of India

15. What does SLR stand for?

Statutory Liquidity Rate

Statutory Liquidity Repo

Statutory Liquidity Ratio

Statutory Liquidity Return

16. 'RAND' is the currency of ?

Indonesia

Tunisian

South Korea

South Africa

Answer:
1] Gross Domestic Product, 2] Industrial Finance Corporation of India, 3] International
Monetary Fund, 4] Index of Industrial Production, 5] Industrial (IDBI-Industrial
Development Bank of India),6] Insurance [LIC Life Insurance Corporation of
India]], 7] National [NASSCOM National Association of Software and Services
Companies], 8] Non Banking Financial Companies (NBFC), 9] Non-Governmental
Organization, 10] National Housing Bank, 11]Provident Fund, 12] Public Sector
Enterprises, 13] Rural Electrification Corporation, 14] Securities and Exchange Board of
India 15] Statutory Liquidity Ratio, 16] South Africa

Set of questions will help you to grab confidence on questions asked on

Banking awareness in various competitive examinations like IBPS PO,
Associate Banks of SBI and IBPS clerk Bank exam.
1. What does WPI stand for?

Wholesale Price Index

Wholesale Price India

Wholesale Price International

Wholesale Price Industrial

2. What does CRISIL stand for?

Credit Rating and Industrial Services of India Limited

Cash Rating and Industrial Services of India Limited

Credit Rating and Investment Services of India Limited

Currency Rating and Investment Services of India Limited

3. A sum of money paid regularly (typically annually) by a company to its

shareholders out of its profits (or reserves) is called as?

Bonus

Profit

Gratification

Dividend

4. A person who sets up a business or businesses, taking on financial risks in the

hope of profit is known as?

Proprietor

Owner

Entrepreneur

Partner

5. An _________ is a temporary pass through account held by a third party during

the process of a transaction between two parties.

Company Account

Current Account

Escrow Account

Nominal Account

6. A debt investment in which an investor loans money to an entity (corporate or

government) that borrows the funds for a defined period of time at a fixed interest
rate is known as?

Bond

Shares

Preference Shares

Coupon

7. A financial market of a group of securities in which prices are rising or are

expected to rise. The term is most often used to refer to the stock market, but can
be applied to anything that is traded, such as bonds, currencies and commodities
is known as _______?

''Bear Market''

''Bull Market''

''Currency Market''

''Commodity Market''

8. The stated principal amount of a financial instrument is known as _________?

Face Value

Book Value

Maket Value

None of the Above

9. A _________ contract is a contract between two parties where both parties

agree to buy and sell a particular asset of specific quantity and at a
predetermined price, at a specified date in future.

Real Time

Future

Option

Fixed

10. A contract whereby one party agrees to pay a sum to another party for a fee in
the event that the latter suffers a particular loss. The person or firm that
undertakes the risk is the insurer. The party desiring to be protected from loss is
the insured party is known as _______?

Future Contract

Guarantee

Warranty

Insurance

11. A formal document issued by a bank on behalf of a customer, stating the

conditions under which the bank will honour the commitments of the customer is
known as ________?

Letter Of Guarantee

Authority Letter

Letter of Credit

Commitment Letter

12. A right to keep possession of property belonging to another person until a

debt owed by that person is discharged is called as ________?

Lien

Mortgage

Pledge

Baile

13. A formal contract which grants the holder of the option the right to buy or sell
a certain quantity of an underlying interest or asset at a stipulated price within a
specific period of time is known as?

Future

Forward Contract

Option

None of the Above

14. What does PLR stand for?

Price Lending Rate

Prime Lending Rate

Private Lending Rate

Public Lending Rate

15. What does PSU stand for?

Public Sector Utilities

ublic Sector Units

Public Sector Undertaking

None of the Above

Answer:

1] Wholesale Price Index, 2] Credit Rating and Investment Services of India

Limited, 3] Dividend, 4] Entrepreneur, 5] Escrow
Account, 6]Bond, 7] Bull
Market, 8] Face
Value, 9] Future, 10] Insurance, 11]Letter
of
Credit
(LC), 12] Lien, 13] Option, 14] Prime Lending Rate,15] Public Sector Undertaking.

Set of questions will help you to grab confidence on questions asked on

Banking awareness in various competitive examinations like RRB, RBI,
IBPS PO, Associate Banks of SBI and IBPS clerk Bank exam.
1. A loan to pay for a home, business or other real estate over a period of time is a
_______ ?

Credit

Deposit

Mortgage

Bankruptcy

2. Which bank was earlier called the ''Imperial Bank of India'' ?

RBI

SBI

IDBI

DENA Bank

3. The EXIM Bank of India was established in _________ ?

1982

1984

1988

1990

4. Finance Commission is constituted ?

Once in 2 years

Once in 3 years

Once in 4 years

Once in 5 years

5. Slogan of Allahabad Bank _______?

Where money lives

A Tradition of Trust

The whole world in one bank

Together we can

6. Slogan of Andhra Bank _______ ?

Together we Prosper

Serving to Empower

Where India Banks

Blending Modernity with Tradition

7. Slogan of Bank of Maharashtra _______?

One Family, One Bank

Prosperity to All

Experience Next Generation Banking

The name you can bank upon

8. Slogan of Bank of India _______ ?

The Changing Face of Prosperity

Experience our expertise

Good people to bank with

Relationship beyond banking

9. Slogan of Canara Bank _______ ?

Leading to results

The Thinking Behind the Money

Commerzbank. Ideas ahead

Together we can

10. Slogan of Central Bank Of India _______?

Not Your Typical Bank

''Centrally Yours'' Becoz We Are ''Central To You Since 1911''

Where every individual is committed

Central Bank, We value your time

11. Slogan of Corporation Bank _______ ?

A Primer Public Sector Bank

Not Your Typical Bank

The world's local bank

What's in your wallet?

12. Slogan of Dena Bank _______ ?

We value your time

The power to do more

Trusted Family Bank

The Thinking Behind the Money

13. Slogan of Bank of Baroda _______ ?

India's International Bank

You live. We'll take care of the details

The Bank in Your Mind

India's best business bank

14. Slogan of Indian Bank _______ ?

You can always bank on us

Where every individual is committed

Good people to bank with

Your Tech-Friendly Bank

15. Slogan of Indian Overseas Bank (IOB) ______ ?

Your Life. Anything is possible. Be with IOB

Where series is a way of life

Good people to Grow with

Together we can

Answer :

1] Mortgage, 2] SBI, 3] 1982, 4] Once in 5 years, 5] A Tradition of Trust, 6] Where India

Banks, 7] One Family, One Bank, 8]Relationship beyond banking, 9] Together we
can, 10] Centrally Yours Becoz We Are Central To You Since 1911, 11] A Primer
Public Sector Bank, 12] Trusted Family Bank, 13] Indias International Bank, 14] Your
Tech-Friendly Bank, 15] Good people to Grow with

Set of questions will help you to grab confidence on questions asked on

Banking awareness in various competitive examinations like RRB, RBI,
IBPS PO, Associate Banks of SBI and IBPS clerk Bank exam.
1. Slogan of HDFC is _______ ?

We Understand Your World

A premier government of Indian enterprise

Relationship beyond banking

A tradition of trust

2. Slogan of Federal Bank is _________?

For all your needs

One family one bank

Together we can

Your Perfect Banking Partner

3. Slogan of ICICI Bank is _______?

Indias central bank

Hum Hai Na...

Taking banking technology to the common men

A premier government of Indian

4. Slogan of IDBI Bank is _______?

Trusted family bank

Where vision gets built

Banking for All; Aao Sochein Bada

Good people to grow with

5. Slogan of Reserve Bank of India is _________?

Indias central bank

World wise

Honors your trust

Invest with confidence''

6. Slogan of Punjab National Bank is _______?

indias international bank

Smarter Money

The Name you can BANK upon

Protection

7. Slogan of Oriental Bank of Commerce is _______ ?

Banking for all

What's in your wallet?

You can count on us

Where every individual is committed

8. Slogan of State Bank of India is _______?

Where money lives

The Next Stage

Banker to every Indian

Embracing ingenuity

9. Slogan of Syndicate Bank is _______?

Together we make a great team

Smart way to Bank

Invest with confidence

Your Faithful And Friendly Financial Partner

10. Slogan of Union Bank of India is _______?

Good people to bank with

Making more possible

At the service of your ideas

More human interest

11. ''Yogakshemam Vahamyaha'' Slogan of ______?

REC

LIC

Bachat Lamp Yojna

Midday Meal Scheme

12. The Government to introduce plastic notes in the denomination of Rs

_________?

5/-

10/-

20/-

100/-

13. Minimum limit on investment in Kisan Vikas Patra?

Rs 1,000

Rs 5,000

Rs 10,000

Rs 50,000

14. Upper limit on investment in Kisan Vikas Patra (KVP) ?

Rs. 5000

Rs. 10000

Rs. 50000

No upper limit

15. The new KVP promises to double the invested money in _______ months?

90

100

110

120

Answer :
1] We Understand Your World, 2] Your Perfect Banking Partner, 3]Hum Hai
Na, 4] Banking for All; Aao Sochein Bada, 5] Indias central bank, 6] The Name you
can BANK upon, 7] Where every individual is committed, 8] Banker to every
Indian, 9] Your Faithful And Friendly Financial Partner, 10] Good people to bank
with, 11] LIC, 12] 10/-,13] Rs 1,000, 14] No upper limit, 15] 100 months (8 years and 4
months).