Important Banking Awareness Quiz – 107

1) Where is the headquarters of the Bank for International Settlements (BIS) located?

(a) Hong Kong

(b) Vienna

(c) Mexico City

(d) Basel

(e) Antwerp

2) What does the letter ‘O’ denotes in the term “CDO”?

(a) Obligations

(b) Objections

(c) Ombudsman

(d) Over

(e) None of these

3) The Food and Agriculture Organisation (FAO) is a wing/agency of the?

(a) World Bank

(b) United Nations Organisation

(c) Asian Development Bank

(d) Ministry of Agriculture Govt. of India

(e) None of these

4) In India, which of the following agency is responsible for announcing the Foreign Trade Policy?

(a) RBI

(b) EXIM-Bank

(c) Foreign Ministry

(d) Ministry of Commerce and Industry

(e) Trade and commerce

5) National Payments Corporation of India was incorporated in which year?

(a) 2008

(b) 2012

(c) 2004

(d) 2006

(e) 1998

6) Which of the following is defined as the difference between current assets and current liabilities?

(a) Venture Capital

(b) Working Capital

(c) Equitable Mortgage

(d) Term loan

(e) None of the Above

7) SWIFT means ?

(a) Society for World Wide Interbank Financial Telecommunication

(b) Social Formality World Wide Internet Functional Telecom­munication

(c) Society for World Wide International Financial Telecommunication

(d) Society for World Wide Interbank Functionality Telecommunication

(e) Society for World Wide Interbank Financial Technologies

8) Which of the following organizations/agencies is not associated with the world of banking and finance?

(a) SEBI

(b) AMFI

(c) RBI

(d) ECGC

(e) ONGC

9) Which Bank in India opened India’ s first offshore banking Unit ?

(a) SBH

(b) ICICI

(c) SBI

(d) Axis

(e) Bank of Baroda

10) Ways and Means is the load of Advances provided by the RBI to ?

(a) Central Government

(b) Bank

(c) State Government

(d) NABARD

(e) None of these