Banking Awareness Quiz -1

1. Certificate of Deposit can be issued by _____?

Reserve Bank, NABARD and Exim Bank only
Commercial banks and term lending institutions
Scheduled commercial banks excluding regional rural banks
All the above
None of the above

2. Demand deposits mean _____?

Deposits withdrawable on demand by the depositor
Current deposits
Fixed deposits
Short deposits
None of the above

3. Commercial paper may be issued for a period of ____?

90 days
91 to 180 days
7 days to one year
All the above
None of the above

4. What is Call Money”?

Money borrowed and lent for overnight or a day
Money borrowed for more than a day but upto 3 days
Money borrowed for more than a day but upto 7 days
Money borrowed for more than a day but upto 14 days
None of the above

5. Time deposits means _____ ?

The deposits which are lent to bank for a fixed period
Time deposits include overdue fixed deposits
Time deposits do not include recurring deposits as well
Time deposits do not include deposits under Home Loan Account Scheme
None of the above


6. Which of the following acts as Regulators for Credit rating agencies in India?

RBI
NSDL
SEBI
SIDBI
None of the above


7. A NBFC is prohibited to offer or undertake _____ ?

accept demand deposits
accept time deposits
Lend long term loans
Pay a higher rate of interest on deposits as compared to Banks
None of the Above

8. “Grameen Bank” is a micro-finance organization and community development bank which operates in _

Pakistan
Sri Lanka
Bangladesh
India
Nepal


9. The Negotiable Instruments Act deals with ____?

Cheques, demand drafts, banker’s cheques
Promissory notes, bills of exchange and cheques
Bills of exchange, cheques and demand drafts
Cheques, demand drafts and saving bank withdrawal forms
None of the above


10. The minimum acceptable amount under the Scheme of Certificate of Deposit is ____?

Rs. 1 lakhs
Rs. 10 lakhs
Rs. 20 lakhs
Rs. 25 lakhs
None of the above