Banking Awareness Quiz – 84

1. What is term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?

(a) Savings bank deposit

(b) Term deposit

(c) Recurring deposit

(d) Current deposit

(e) None of the above [ su_spoiler title=”Click Here to View Answer” style=”fancy”] (b) Term deposit [/su_spoiler]

2. Cash cannot be obtained from bank against?

(a) Cross cheque

(b) Order cheque

(c) Bearer cheque

(d) Traveller cheque

(e) None of these

3. Banks prepare their balance sheet?

(a) Weekly

(b) Monthly

(c) Quarterly

(d) Annually

(e) None of these

4. Balance sheet of a bank has two parts?

(a) Supply and demand for deposits

(b) Supply and demand of advances

(c) Assets and liabilities

(d) Cash reserves and loans

(e) None of these

5. The power of a bank to create credit is affected by?

(a) The cash reserve requirement

(b) The amount of cash available

(c) The number of branches of a bank

(d) Both (a) & (b)

(e) None of these

6. Which of the following is not an asset of a bank?

(a) Notes and small coins

(b) Overdue recurring deposits

(c) Short term loans

(d) Staff advances

(e) None of these

7. The credit policy of a bank does not deal with?

(a) Credit risk management

(b) Documentation standards

(c) Review and renewal of advances

(d) Outstanding balances in deposit accounts

(e) None of these

8. Issuing credit cards is a component of ?

(a) Corporate banking

(b) Rural banking

(c) Retail banking

(d) Micro finance

(e) None of these

9. The origin of bank instruments can be traced to?

(a) The priests and worship places of public deposits

(b) Goldsmith receipts

(c) Bonds issued by the British Government in India

(d) Bank notes issued by Bank of Venice

(e) None of these

10. The banking company has restriction to sanction loan to?

(a) Directors of the bank

(b) Staff working in the bank

(c) Students going abroad

(d) Professionals

(e) None of these