Important Banking Awareness Quiz for

SBI PO Mains – 100

Dear Bankers Daily Readers,

                               You have preparing for SBI PO, DENA BANK and all Bank competitive exams, must Read Daily Banking Awareness Quiz in Bankersdaily.in. It is very helpful for your exams. Easily you will get full mark in this section.

1) What does NSC stands for ?

a) National Savings Certificates

b) National Serives Certificates

c) International Savings Certificates

d) Number service Certificate

e) None of these

2) What does CGRA stands for-

a) Currency and Gold Redemption Account.

b) Currency and Gold Revaluation Account

c) Currency and Gilt Revaluation Account.

d) Current and Gilt Revaluation Account.

e) Current and Gold Revaluation Account.

3) Lending with the help of Bank Rate is a practice of-

a) Rediscounting of bills

b) Rediscounting of bills

c) Repurchasing the securities from public

d) only 1

e) only 2 and 3

4) What is charge off?

a) Charge off is a declaration by a lender to a borrower for non-payment of the remaining amount

b) Charge off is a declaration by a borrower to a lender after full payment

c) Central Bank declaration to the banks after lending

d) A declaration made by banks after completing its liabilities.

e) None of these

5) How much amount is required by an applicant in order to get registered as a Merchant Banker?

a) 10000

b) 25000

c) 50000

d) 100000

e) No limit

6) What is minimum educational qualification required for individuals/corporate, seeking membership with a commodity derivatives exchange?

a) Post Graduate

b) Graduate

c) 12th

d) 10th

e) No Qualification required

7) What is money ?

a) The currency that works as currency

b) A currency which contains universal acceptance

c) Currency which is measuring the value and means of payment

d) All of the above

e) None of these

8) What is reliable securities ?

a) A shares  which are guaranteed by the government

b) A Shares are listed on the Stock Exchange

c) Continuously high rate of profit on share

d) A Share whose government has decided to be listed

e) None of these

9) What is the minimum maturity period of the certificates of deposits?

a) 14 days

b) 365 days

c) 182 days

d) 91 days

e) 7 days

10) Which is not a correct statement about sovereign gold bond scheme

a) Sovereign Gold Bond Scheme introduced in 2015

b) Sovereign Gold Bond is Government security

c) KYC is necessary to purchase sovereign gold bond

d) Maximum limit of investment in sovereign gold bond is 500 gram in a fiscal year

e) There no fixed interest rate in sovereign gold bond

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