Banking Quiz 19

Bankers Adda is also known Banking Quiz Adda.
Today Bankers Adda came back with a New Quiz on Banking.
Go through the quiz and if you have any doubts please contact bankers adda in the comment section.

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1.  No-frills accounts have been renamed as _____.

(a) Basic saving bank deposits account
(b) No-KYC accounts
(c) Basic KYC accounts
(d) Financial inclusion accounts
(e) None of these

2.  Which of the following is a ‘drawee bank’?

(a) The bank upon which the cheque is drawn
(b) The endorsee’s bank
(c) The endorser bank
(d) The payee’s bank
(e) None of these

3.  How many banks were nationalized during the second wave of nationalization of banks?

(a) 8
(b) 6
(c) 9
(d) 7
(e) None of these

4.  The banking system, in which services are delivered by means of a computer control system only, is called ________ banking.

(a) Narrow
(b) Brick & Mortar
(c) Virtual
(d) Horizon
(e) None of these

5.  Who decides Base rate?

(a) RBI
(b) SBI
(c) Ministry of Finance
(d) Individual banks
(e) None of these

6.  Which of the following is a method of liquidity injection by RBI?

(a) Reverse repo
(b) Repo
(c) MSF
(d) LAF
(e) Except (a) all of the above

7.  Which of the following is not a financial term?

(a) RTGS
(b) MSF
(c) CBS
(d) ITCZ
(e) All of above are financial terms

8.  If the reverse repo is increased, what will be the effect of it in the economy?

(a) Industries will start taking loans available from ECB route
(b) The loans and advances will become costlier
(c) The NDTL of banks will increase
(d) The rush for gold accumulation will go up.
(e) None of these

9.  Which of the following act is meant for recovery of bad loans?

(a) Anti-money laundering act
(c) Companies act
(d) Name and shame
(e) None of these

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