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 document(s) is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?

Passport
PAN
Aadhar number issued by Unique Identification Authority of India

Only 1

Only 2

Only 1 and 2

All 1, 2 and 3

Only 2 and 3

The bank rate means

rate of interest charged by commercial banks from borrowers

rate of interest at which commercial banks discounted bills of their borrowers

rate of interest allowed by commercial banks on their deposits

rate at which RBI purchases or rediscounts bills of exchange of commercial banks

None of the above

Which among the following statement is incorrect regarding Land Development Banks?

They are cooperative institutions

They meet the needs of the farmers for development purposes

They have two tier structures state and district level

They grant loans on mortgage security

They are customers of NABARD

For which one of the following loan products 'teaser loans' are offered by banks?

Education loans

Commercial laons

Loans against security of gold

Retail trade loans

Home loans

Credit rating is

used to rate the borrowers while giving advances

used to work out performance of the employees

used to calculate the number of excellent audit rated branches

not used in any bank

necessary before giving promotion to employees

Which one of the following had set up the N.R. Narayana Murthy Committee on issues relating to Corporate Government?

SEBI

RBI

CII

Ministry of Finance, GOI

None of the above

Which is the monetary measure to control inflation?

Increase in taxation

Decrease in taxation

Soft credit policy

Hard credit policy

None of these

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