Banking Awareness Quiz 4

Banking Awareness Quiz 4

1)

The following is classified as a public sector bank?

A) ICICI Bank
B) IDBI Bank Ltd
C) Axis Bank
D) Local area bank

2)

Scheduled banks are those which are -----

A) Includued in the 2nd schedule of the Reserve Bank of India Act -1934
B) Includued in the 2nd schedule of the Companies Act-1956
C) Includued in the 2nd schedule of the Banking Regulation Act-1949
D) Bank Nationalization Act -1969

3)

The banker-customer relationship in credit card payment is called -----

A) Creditor-debtor
B) Debtor-creditor
C) Agent principal
D) RBI in consultation with Government

4)

The base rate is set by -----

A) Individual banks
B) RBI
C) Government of India
D) National Council of Applied Economic Research

5)

State Bank of India's new floating rate of deposit is directly linked to -----

A) Inflation Rate
B) BPLR
C) Base Rate
D) Bank Rate

6)

Six private sector banks were nationalised on April 15, 1980, whose reserves were more than Rs.-----

A) 100 Crores
B) 200 crores
C) 300 crores
D) 400 crores

7)

The rate at which the Reserve Bank of India lends to the commercial banks in very short term against the backing of the Government securities is known as -----

A) Bank rate
B) Discount rate
C) Reverse Repo
D) Repo rate

8)

At present number of public sector banks in India are _____

A) 26
B) 27
C) 28
D) 29

9)

Nationalisation of 14 major banks was done in ………………….

A) 1949
B) 1955
C) 1959
D) 1969

10)

The Second largest public sector commercial bank in India is ______

A) Punjab National Bank
B) Bank of Baroda
C) Bank of India
D) IDBI Bank