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Basic Quiz on Banking

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Who spreads awareness about mutual funds in india ?

a)

SBI

b)

ICICI

c)

AMFI

d)

Bank of Baroda

2.

A mutual fund is a pool of money managed by a professional _____

a)

Banker

b)

Bank teller

c)

Accountant

d)

Fund manager

3.

What is an acquisition?

a)

When a company purchases another company's shares

b)

When a company is accused of a crime

c)

When a company merges with another company to form a larger firm

d)

When gas prices are raised

4.

_____ service is offered by the merchant banker to get term loan for project, help client make appraisal, designing capital structure etc

a)

Underwriting

b)

Loan Syndication

c)

Issue Management

5.

Which of the following regulates Credit Rating agencies in India?

a)

RBI

b)

NSE

c)

SEBI

d)

ICAI

6.

FATCA Stands for

a)

Foreign Account Tax Compliance Act

b)

Foreign Account Trade Company Act

c)

Financial Account Tax Compliance Act

d)

Fiscal Account Tax Compliance Act

7.

Merchant banking in India is governed by

a)

SEBI

b)

IRDA

c)

RBI

d)

Ministry of Finance

8.

If a bank has to borrow funds from RBI for a long term, which among the following will be applicable?

a)

Repo Rate

b)

Reverse Repo

c)

Bank Rate

d)

liquidity Adjustment Facility

9.

What is the central bank in the United States called?

a)

Federal Reserve

b)

Federal Reserve board

c)

Reserve bank of America

d)

Bank of America

10.

refers to that portion of total depos its of a commercial bank which it has to keep with RBI in the form of cash reserves.

a)

CRR

b)

SLR

c)

Bank rate

d)

Repo rate

11.

refers to that portion of total deposits of a commercial bank which it has to keep with itself in the form of liquid assets.

a)

CRR

b)

SLR

c)

Bank rare

d)

Repo rate

12.

In order to control credit in the country, the RBI may

a)

buy securities in the open market

b)

sell securities in the open market

c)

reduce CRR

d)

reduce bank rate

13.

The apex institution in agricultural finance is

a)

NABARD

b)

EXIM Bank

c)

Reserve Bank of India

d)

IDBI

14.

WHICH OF THE FOLLOWING ACCOUNTS OFFERS HIGHEST RATE OF INTEREST

a)

CURRENT DEPOSIT ACCOUNT

b)

SAVINGS DEPOSIT ACCOUNT

c)

FIXED DEPOSIT ACCOUNT

d)

RECURRING DEPOSIT ACCOUNT

15.

Hedging means:

a)

reducing risks

b)

increasing risks

c)

being ready to take risks

d)

avoiding risks

16.

What is the full form of "HDFC"?

a)

Hiber Development Financial Commission

b)

Housing Development Finance Corporation

c)

Housing Distributor and Financial Consultant

d)

Heavy Deposit Forecast Company

17.

What is the full form of "ICICI"?

a)

Investment Corporation of Industrial Credit for India

b)

Investor Corporation for Insurance Commission of India

c)

Industrial Convention and Investment Corporation of India

d)

Industrial Credit and Investment Corporation of India

18.

What is the full form of "NABARD"?

a)

National Banking and Resource Development

b)

National Bank for Agriculture and Rural Development

c)

National Bureau of Regional Architecture Design

d)

Native Banking and Research Development

19.

What is the full form of "HSBC"?

a)

Housing and Share Broking Commission

b)

Hongkong and Shanghai Bank Corporation

c)

Hewlett and B'ackards Corporation

d)

Havells and Business Corporation

20.

Find the correct bank name of above logo:

a)

Shamrao Vitthal Co-operative Bank

b)

Tamilnad Mercantile Bank Ltd.

c)

Laxmi Vilas Bank

d)

UCO Bank