Banking Financial Awareness Quiz Questions Answers for Bank Exams

Banking Awareness

This is an online quiz to test your knowledge of Banking Awareness.
This Online Test is useful for academic and competitive exams.
Multiple answer choices are given for each question in this test. You have to choose the best option.
After completing the test, you can see your result.
There are 10 questions in the test.
There is no negative marking for wrong answers.
There is no specified time to complete this test.
EduDose has provided this test in both English and Hindi medium.

Which of the following is not a part of the scheduled banking structure in India?

Money lenders

Public sector banks

Private sector banks

Regional rural banks

State cooperative banks

When is income tax required to be deducted by the banks at source on interest accrued and paid by them on the fixed deposits? When the

amount of interest accrued/payable is more than ₹5000 p.a.

amount of interest accrued/payable is more than ₹10000 p.a.

interest is more than ₹20000 p.a.

customer is not valuable to the bank.

None of the above

Which one of the following tools is used by RBI for selective credit control?

It advises banks to lend against certain commodities

It advises banks to recall the loans for advances against certain commodities

It advises banks to charge higher rate of interest for advance against certain commodities.

It discourages certain kinds of lending by assigning higher risk weights to loans it deems undesirable.

None of the above

The Reserve Bank of India keeps on changing various ratio/rates frequently. Why this is done?

To keep inflation under control.
To ensure that Indian Rupee does not loose its market value.
To ensure that Banks do not earn huge profits at the cost of public money.

Only 1

Only 2

Only 3

All 1, 2 and 3

None of these

Expand the term ALM as used in Banking/Finance sector?

Asset Liability Mismatch

Asset Liability Maturity

Asset Liability Management

Asset Liability Manpower

None of the above

As we all know, the major source of income of the banks is lending money (providing credit) and earning interest on it. In normal circumstances, the demand of the credit comes mainly from which of the following sectors?

Personal Loans
Priority Sector Lending and Bailout Packages
Project Finance

Only 1

Only 2

Only 3

All 1, 2 and 3

None of these

What is the full form of 'NBFC' as used in the Financial Sector?

New Banking Finance Company

National Banking and Finance Corporation

New Business Finance and Credit

Non Business Fund Company

None of the above

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