Banking Awareness QUIZ 23 for All Bank Exams like IBPS PO Clerk, IBPS RRB, SBI & LIC

Q1. Which account is best suitable for fixed monthly savings to earn maximum interest, for an individual? 
(a) Savings Account 
(b) Current Account 
(c) Recurring Account
(d) Fixed Deposit Account
(e) None of the above 

Q2. What is the full form of CASA? 
(a) Current Account and Small Account 
(b) Current Account and Savings Account 
(c) Current Account and Small-Savings Acccount
(d) Cash Account and Small Account 
(e) None of the above 

Q3. Which of the following is false? 
(a) Savings Deposits bear less interest than Current Deposits 
(b) Current Accounts generally bear no interest 
(c) Term Deposits bear more interest than Savings or Current Accounts 
(d) All of the above are true
(e) None of the above

Q4. The word 'Bank' is derived from................?
(a) German word 'back' which means a joint stock fund'
(b) Italian word 'banco'
(c) words 'bancus' or banque' which means 'a bench'
(d) All of the above
(e) None of the above

Q5. Which one of the public sector bank has completed 100 years of its establishment on 21st December, 2011?
(a) Central Bank of India
(b) State Bank of India
(c) Punjab National Bank
(d) Bank of Baroda
(e) Allahabad Bank

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Q6. Which institution provides long run finance to industries?
(a) UTI
(b) LIC
(c) GIC 
(d) IDBI
(e) All of the above

Q7. Which type of ATMs can be provided by NBFCs? 
(a) Bank-owned ATMs 
(b) WLAs 
(c) BLAs 
(d) All of the above
(e) None of the above

Q8. Letter of Credit is generally used for - 
(a) International trade 
(b) Domestic trade 
(c) Foreign Exchange 
(d) All of the above
(e) None of the above 

Q9. Initially who provides Bill of Lading to whom? 
(a) Seller to Carrier 
(b) Carrier to Seller
(c) Carrier to Buyer 
(d) Seller to Buyer
(e) None of the above

Q10. Which of the following is the most active segment of the money market in India?
(a) Call Money/Notice Money Market
(b) Repo/Reverse Repo
(c) Commercial Paper (CP)
(d) Certificate of Deposit (CD)
(e) None of the above

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Q11. Working capital means?
(a) Cash-in hand and at bank
(b) Current assets 
(c) Current liabilities and provisions 
(d) Current assets minus current liabilities
(e) None of the above

Q12. "Window dressing" means?
(a) The modern way of decorating a branch office 
(b) A decorative way of presenting the Balance Sheet and Profit and Loss Account of a bank at its annual general meeting
(c) Manipulation of accounts with a view not to give the share holders a true and fair view 
(d) Is a strategy used by mutual fund and portfolio managers near the year or quarter end to improve the appearance of the portfolio/fund performance before presenting it to clients or shareholders
(e) None of the above 

Q13. Which of the following cannot be endorsed? 
(a) A fixed deposit receipt 
(b) A bank draft 
(c) A Promissory note 
(d) A usance bill of exchange 
(e) A cheque

Q14. Restrictive endorsement is one in which? 
(a) Endorser endorses an instrument conditionally 
(b) Endorser restricts the further transfer by the endorsee 
(c) Endorser endorses in favour of endorsee for his particular work 
(d) All of the above
(e) None of the above

Q15. Account payee crossing is an direction of the drawer to?
(a) To collecting banker 
(b) To drawee banker 
(c) To payee 
(d) To all endorsees
(e) None of the above


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