Important Banking Awareness Quiz – 106

1. Which one of the following is the special drawing rights given by the International Monetary Fund to its member countries?

(a) Cold money

(b) Hot money

(c) Paper gold

(d) Paper Money

(e) None of these

2. Which of the following is not a part of India’s Money Market?

(a) Banks

(b) Bill Markets

(c) Call Money Market

(d) Indian Gold Council

(e) None of these

3. Which bank is the sponsor of Prathama Gramin Bank?

(a) Bank of Baroda

(b) Indian Bank

(c) Punjab National Bank

(d) Syndicate Bank

(e) None of these

4. Which one of the following is not an electronic banking delivery channel?

(a) Mobile Vans

(b) Mobile Phone Banking

(c) Internet Banking

(d) Tele Banking

(e) ATM

5. Reverse Mortgage scheme is designed keeping which of the following groups of society in consideration?

(a) Defense personnel

(b) Senior citizens

(c) Youngsters who just started earning

(d) Dependent women

(e) None of these

6. What happens when an economy is in recession?

(a) GDP growth slows down

(b) Unemployment rate rises

(c) Bankruptcies rise

(d) Both 1 and 2

(e) All 1, 2 and 3

7. Retail investors means which of the following types of stock market investors?

(a) Mutual funds

(b) Corporate bodies

(c) Promoters of companies

(d) Individuals

(e) FIIs

8. Bank branches which can undertake foreign exchange business directly are known as :

(a) Authorized dealer

(b) Foreign dealers

(c) Overseas branches

(d) Approved dealers

(e) None of these

9. _________ paper currency has highest fake notes in India ?

(a) 500

(b) 100

(c) 20

(d) 1000

(e) 10

10. To get rid of the disadvantages of Paper Currency, Plastic currency moote(d) Which is the first country to mint Plastic money ?

(a) India

(b) New Zealand

(c) China

(d) Spain

(e) Australia