Banking Awareness : Quiz 20
Banking Awareness : Quiz 20
Q.1) ATM stands for:
a) Automated Teller Machine
b) Automatic Telling Machine
c) Automatic Taking Machine
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) The number of member nations of WTO as on April, 2015 were:
a) 161
b) 151
c) 171
d) None of The Above
Q.5) World Bank was comes into existence on:
a) July, 1946
b) July, 1945
c) July, 1944
d) None of The Above
Q.6) Headquarter of World Bank is situated at:
a) Washington D.C.
b) Jeneva
c) Luanda
d) None of The Above
Q.7) 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.8) 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.9) The bank was nationalized on:
a) 25 August, 1951
b) 19 July, 1969
c) 15 April, 1980
d) None of These
Q.10) Headquarter of Punjab & Sind Bank is located at:
a) New Delhi
b) Patiala
c) Chandigarh
d) None of These
Q.11) How many branches of Punjab & Sind Bank are operating in Punjab:
a) More Than 600
b) More Than 400
c) More Than 500
d) None of These
Q.12) How many branches of Punjab & Sind Bank are operating at India Level:
a) More than 1350
b) More than 1450
c) More Than 1750
d) None of These
Q.13) Among the following person, major founder of Punjab & Sind bank was:
a) Bhai Vir Singh
b) Sir Sunder Singh Majitha
c) Sardar Tarlochan Singh
d) All of the Above
Q.14) The Bank of Baroda has decided to revise interest rates payable on Domestic and NRE term deposits below Rs. 1 crore & above in:
a) 2014
b) 2015
c) 2012
d) None of These
Q.15) The founder of Bank of Baroda, Maharaja Sayajirao Gaekwad belongs to:
a) Maratha Kingdom
b) Sikh Kingdom
c) Rajput Kingdom
d) None of These
