Banking Awareness : Quiz 38
Banking Awareness : Quiz 38
Q.1) HSBC introduced the ATM concept in India in:
a) 1988
b) 1987
c) 1989
d) None of These
Q.2) Sellers must trust that the bank issuing the letter of credit is valid, and that the bank will pay as agreed. If sellers have any doubts, they can use a ______letter of credit, which means that another (presumably more trustworthy) bank will guarantee payment:
a) Confirmed
b) Irrevocable
c) Revocable
d) None of The Above
Q.3) Letter of Credit is essential. Which among the following functions is suitable regarding the requirement of letter of credit:
a) Importers and exporter regularly use letters of credit to protect themselves.
b) Working with an overseas buyer can be risky because you do not necessarily know who you’re working with.
c) Buyer may be honest and have good intentions, but business troubles or political unrest can delay payment of seller.
d) All of The Above
Q.4) World Bank was comes into existence on:
a) July, 1946
b) July, 1945
c) July, 1944
d) None of The Above
Q.5) Headquarter of World Bank is situated at:
a) Washington D.C.
b) Jeneva
c) Luanda
d) None of The Above
Q.6) In March 2013, Allahabad Bank crosses bench mark business figure Rs. 3,00,000 crore and enters in________:
a) Orbit of Large Banks
b) India’s Largest Bank
c) Large Operational Bank
d) None of These
Q.7) Slogan of Syndicate Bank is:
a) You can Faith on us
b) Your Faithful and Friendly Financial Partner
c) Faithfulness Banking
d) None of These
Q.8) The bank was nationalized on:
a) 25 August, 1951
b) 19 July, 1969
c) 15 April, 1980
d) None of These
Q.9) In 1997, which among the following bank was acquired by OBC:
a) Bari Doab Bank
b) Punjab Cooperative Bank
c) Both of the Above
d) None of These
Q.10) National Stock Exchange is located in:
a) Mumbai
b) Delhi
c) Kolkata
d) None of These
Q.11) The market in which long term securities such as stocks and bonds are bought and sold is commonly known as:
a) Bullion Market
b) Capital Market
c) Bull Market
d) None of These
Q.12) When Aggregate supply is less than aggregate demand is then:
a) Deflation Occurs
b) Inflation Occurs
c) Stability Occurs
d) None of These
Q.13) First Bank in India to launch EMI facility on debit cards:
a) SBI
b) Axis Bank
c) ICICI Bank
d) None of these
Q.14) The Banking Ombudsman Scheme was first introduced in _____:
a) 1995
b) 1996
c) 1998
d) None of These
Q.15) As we know, the banking ombudsman scheme was first introduced in 1995 and was revised in ___:
a) 2004
b) 2002
c) 2003
d) None of These
