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- 11. As we know, a lot of new companies are being used in the field of banking these days. Which of the following is NOT one such concept / product directly associated with banks?
A.F-Payment
B.SMS Alert
C.ATM / Debit Card
D.Demat Account
Answer & Explanation
Answer: Option C 
ATM / Debit Card
View Answer
- 12. The Reserve Bank of India (RBI) Acts as a banker's bank. This would imply which of the following ?
A) Other Banks maintain their deposits with the RBI
B) RBI lends funds to the commercial banks in times of need
C) RBI Advises the commercial banks on monetary matters
A.B and C
B.A and B
C.A and C
D.A, B and C
Answer & Explanation
Answer: Option D
A, B and C
View Answer
- 13. The type of note issue system followed in India is ___________
A.Proportiaonal Fiduciary System
B.Fixed Fiduciary System
C.Minimum Fiduciary System
D.Minimum Reserve System
Answer & Explanation
Answer: Option D
Minimum Reserve System
View Answer
- 14. Consider the following statements and state which of them is / are true?
A.Loan and advances are both granted by banks to customer for a long period of time
B.Banks keep our jewellery and important documents safe with them
C.Through overdraft, a customer can withdraw more money than the amount in his / her bank account
D.Discounting of bills is done by banks free of cost
Answer & Explanation
Answer: Option B
B and C
View Answer
- 15. World Bank headquarters is in ____________
A.USA
B.Austria
C.Canada
D.Egypt
Answer & Explanation
Answer: Option A
USA
View Answer
To whom this Banking Awareness Expected Quiz Set 1 Questions and Answers section is beneficial?
Students can learn and improve on their skillset for using Verbal Ability effectively and can also prepare for competitive examinations like...
- All I.B.P.S and Public Sector Bank Competitive Exam
- Common Aptitude Test (CAT) Exams
- UPSC Paper-II or CSAT Exams
- SSC Competitive Exams
- Defence Competitive Exams
- L.I.C / G.I.C AO and Clerk Competitive Exams
- Railway Competitive Exam
- University Grants Commission (UGC)
- Career Aptitude Test (IT Companies) and etc.