Banking Revision Quiz

What are the primary activities of Banking?

• Accepting deposits

• Agency schemes

• Utility schemes

• Lending loans

Which are the two categories of Reserve Bank of India?

• Chit funds

• Scheduled Banks

• Non-Scheduled Banks

• Co-operative Banks

IDFC First Bank is a type of:

• Public Sector Bank

• Foreign Bank

• Private Sector Bank

• Regional Rural Bank

'Social Welfare' comes under which function of the bank?

• Utility function

• Agency function

What does NABARD stand for?

• National Association for Banking and Rural Development

• National Bank for Agriculture and Rural Development

• National Agricultural Board for Rural Development

• National Authority for Banking and Rural Development

Fixed deposit is a type of-

• Hybrid Deposit

• Demand deposit

• Time Deposit

• Recurring deposit

What does DICGC stand for?

• Deposit Insurance and Credit Guarantee Committee

• Deposit Insurance and Credit Growth Corporation

• Deposit Insurance and Credit Guarantee Corporation

• Deposit Insurance and Credit Guarantee Consortium

What is the current limit of insurance provided by DICGC per depositor per bank?

• ₹1 lakh

• ₹2 lakhs

• ₹10 lakhs

• ₹5 lakhs

What does SWIFT stand for?

• Society for World Interbank Finance and Transactions

• Society for Worldwide Interbank Financial Telecommunication

• System for Worldwide Interbank Financial Transactions

• Secure Worldwide Interbank Financial Telecommunications

What does CRR stand for in the context of banking regulation?

• Credit Reserve Ratio

• Currency Reserve Ratio

• Cash Reserve Ratio

• Current Reserve Ratio