Banking Quiz

2. To qualify as a Scheduled Bank, what minimum paid-up capital and raised funds should a bank possess?

• INR 2.5 lakh

• INR 7 lakh

• INR 3 lakh

• INR 5 lakh

6. Who charges higher interest rates?

• Indigenous bankers

• Money lenders

• Both equally insist

• Neither insists

In general, private placement is defined as issuance of securities to

• More than 100 people

• Less than 200 people

•   More than 50 people

•     Less than 50 people

1.       How is Net Interest Margin (NIM) calculated?

•       (Interest Income / Interest Expense) - Interest Earning Assets

•    (Interest Income – Interest Expense) / Interest Earning Assets

•       Interest Income / Interest Earning Assets

•      (Interest Expense / Interest Income) - Interest Earning Assets

1.       What is another name for a Fixed Deposit (FD) Account?

•      Demand Deposit Account

•      Time Deposit Account

•      Savings Account

• Flexi Deposit Account

1.      Which of the following is an example of a fee-based financial service?

• Merchant banking

• Leasing

• Factoring

•      Bill discounting

What is the punishment/penalty for money laundering under the Prevention of Money Laundering Act?

•    By filling out an online CKYC form and uploading scanned copies of your documents

•     By using your Aadhaar and mobile number to complete the verification process online

•      By meeting a certified distributor with your original documents

•     By submitting a consent declaration and photocopies of your identification documents

Which of the following is NOT a common tactic used in vishing attacks?

• War dialing

• VoIP

• I.D. Spoofing

•    Dumpster Diving

4. Who provides capitalization for RRBs?

• Only the Government of India

• Only the sponsor bank

• Both the sponsor bank and members

• Sponsor bank and the government

1. What is the primary objective of the capital market in India?

• To provide short-term financing for businesses

• To facilitate long-term financing for businesses and government projects

• To regulate the banking sector

• To promote foreign investment