Banking Awareness : Quiz 31
Banking Awareness : Quiz 31
Q.1) Which of the following is correct:
a) Reserve Bank of India Act, 1935
b) Reserve Bank of India Act, 1934
c) Reserve Bank of India Act, 1930
d) None of These
Q.2) The Central Office of the Reserve Bank of India is now located at:
a) Mumbai
b) Hyderabad
c) New Delhi
d) None of These
Q.3) The Central Office of the Reserve Bank was permanently moved to Mumbai
in _____:
a) 1934
b) 1937
c) 1935
d) None of These
Q.4) When a Bank returns a cheque unpaid, it is called:
a) Dishonor of the Cheque
b) Cheque Bounce
c) Both Dishonor and Bounce of the Cheque
d) None of these
Q.5) Which among the following is the oldest Public Sector Bank of India?
a) Punjab National Bank
b) Central Bank of India
c) Allahabad Bank
d) Bank of Baroda
Q.6) A ______ endorsement includes the words “FOR DEPOSIT ONLY”:
a) Restrictive
b) Predictive
c) Conductive
d) None of These
Q.7) A _______offers loans to people starting their own business”
a) Bank
b) Credit Union
c) Pawnshop
d) None of These
Q.8) Opening a checking account requires completing a _______:
a) Signature Card
b) Address Form
c) Specific Mentioned Identity
d) None of These
Q.9) As we know RBI was comes into existence in 1 April, 1935 but became the central banking authority in:
a) 1965
b) 1966
c) 1961
d) None of These
Q.10) If cheque is issued by a bank in the same city as the payee, the cheque will be called:
a) Outstation Cheque
b) Local Cheque
c) At par Cheque
d) None of These
Q.11) In order to facilitate faster collection of outstanding cheques, the Reserve Bank of India commenced a special clearing facility called ______:
a) Speed Clearing
b) High Clearing
c) Standard Clearing
d) None of These
Q.12) ‘Where every individual is committed’ is the slogan of:
a) Vijaya Bank
b) Oriental Bank of Commerce
c) Indian Overseas Bank
d) None of These
Q.13) ‘Prosperity for All’ is the slogan of:
a) Corporation Bank
b) United Bank of India
c) Federal Bank
d) None of These
Q.14) ‘ways and means’ such power to lend money to government is given under section_____ of RBI Act, 1934:
a) 17(4)
b) 17(5)
c) 17(10)
d) None of These
Q.15) CAC stands for:
a) Cash And Credit Collections
b) Capital Account Convertibility
c) Current Account Convertibility
d) None of These
