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BANKING AWARENESS - OBJECTIVE QUESTIONS SET-2
 
Choose the correct option from the choices given under the question.
1. Who does sign on Currency Notes greater than Rs.1?
  1. RBI Governor 2. The Chairman of SBI
  3. The finance secretary 4. Finance Minister
 
2. When Imperial Bank was named as State Bank Of India?
  1. 30 April, 1955 2. 1st June, 1956
  3. 2nd August, 1958 4. 3rd August, 1958
 
3. Which bank installed the worlds first automatic cash dispenser or ATM in 1967?
  1. H.S.B.C 2. Barclays Bank
  3. Chartered Bank 4. Grind lays Bank
 
4. Which Bank is called Apex Bank?
  1. IDBI 2. RBI
  3. SBI 4. ICICI
 
5. Which among the following banks has more ATMs?
  1. UBI 2. ICICI
  3. HDFC 4. SBI
 
6. The acronym NEFT stands for
  1. National Electrical Funds Transfer 2. National Electronic Funds Transaction
  3. National Electronic Funds Transfer 4. National Electronic Financial Transfer
 
7. Which of the following is an authority to issue notes less than Rs.2?
  1. Reserve Bank Of India 2. State Bank Of India
  3. Finance Secretary 4. Finance Minister
 
8. Which bank has installed the India's first Automated Teller Machine?
  1. H.S.B.C 2. Barclays Bank
  3. Chartered Bank 4. Grind lays Bank
 
9. When Imperial Bank was formed?
  1. 2 June 1806 2. 2 January 1809
  3. 27 January 1921 4. 1 July, 1955
 
10. Which of the following is not a current asset?
  1. Cash and Bank Balance 2. Marketable Investments
  3. Book Debts 4. Trade Creditors
 
11. Which of the following statement is false?
  1. Banking Regulation Act, 1949 2. Negotiable Instrument Act, 1881
  3. Reserve Bank Of India Act, 1935 4. State Bank of India Act, 1955
 
12. Where are the headquarters of State Bank of India?
  1. Mumbai 2. New Delhi
  3. Kolkotta 4. Chennai
 
13. State Bank of India Day is observed on _________
  1. 30 April 2. 1 July
  3. 25 October 4. 30 November
 
14. Which of the following is the wrong combination of Nationalised Banks and their headquarters ?
  1. Andhra Bank - Hyderabad 2. Vijaya Bank - Bangalore
  3. Canara Bank - Bangalore 4. Syndicate Bank - Manipur
 
15. Which of the following is considered as the first Regional Rural Bank?
  1. Nagarjuna Grameena Bank 2. Prathama Bank
  3. Aryavart Kshetriya Gramin Bank 4. Purvanchal Gramin Prathama Bank
 
16. Which of the following statement is false?
  1. Interest on Savings Bank Account is very low. 2. Minimum balance in Basic Savings Bank Account is zero.
  3. Savings Bank Account can be opened by a non personal customer if it is a non profit organisation. 4. Fixed Term Deposits can be opened for a period of 12 years.
 
17. Current Ratio = Current Assets/Current Liabilities. Which of the following is the considered as the best?
  1. 1:2 2. 2:1
  3. 1:3 4. 1:4
 
18. Which of the following is not a reason for falling of Rupee to Dollar?
  1. Exports falling 2. Current account deficit could rise
  3. Dependence on foreign flows 4. Due to change of finance minister
 
19. Which of the following is not a right combination?
  1. GDP: Gross Domestic Product 2. CRR: Cash Reserve Ratio
  3. NPCI: National Payment Corporation of India 4. SLR: Statutory Limit Ratio
 
20. Rupay Cards are alternative to expensive Visa Cards, Master Cards and Cirus Cards in India. Rupay Cards are developed by
  1. Reserve Bank of India 2. National Payment Corporation of India
  3. State Bank of India 4. Indian Banker's Association
 
21. Which of the following statement is false?
  1. Rupay Debit cards, prepaid cards are accepted at POS 2. Rupay Cards are accepted at ATM's and Mini ATM's
  3. Rupay Cards are accepted for E.Commerce 4. Rupay Cards are expensive
 
22. Which of the following statement is not true in respect of Debit Card features?
  1. Debit Cards can not be used at POS 2. Online payments can be made using Debit Cards
  3. Debit Card holder has to maintain balance in the account. 4. Debit Card holder can draw cash from any ATM
 
23. Which of the following is not a Plastic Money?
  1. PAN Card 2. Debit Card
  3. Credit Card 4. Prepaid Card
 
24. What is the maximum limit that DICGC insures all bank deposits, such as saving, fixed, current, recurring deposits in India?
  1. Rs.50,000 2. Rs.1,00,000
  3. Rs.5,00,000 4. Rs.10,00,000
 
25. Insurance for bank deposits such as fixed, savings, current and recurring deposits is provided by __________
  1. DICGC 2. RBI
  3. GIC 4. National Insurance Corporation
 
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