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.
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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 the full form of the term SLR as used in the banking sector?

Social Lending Ratio

Statutory Liquidity Ratio

Scheduled Liquidity Rate

Separate Lending Rate

None of these

The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called

Statutory Bank Ratio (SBR)

Statutory Liquid Ratio (SLR)

Central Bank Reserve (CBR)

Central Liquid Reserve (CLR)

None of these

The branding line of Bank of Baroda is

International Bank of India

India's International Bank

India's Multinational Bank

World's local Bank

None of the above

If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to

increase it

decrease it

no impact

constant

None of these

The rate of interest on savings bank account is stipulated by

the concerned bank

RBI

Indian banks association

Government of India

Banking codes and standards board of India

Cross-selling is not effective for which one of the following products?

Debit cards

Savings accounts

Internet banking

Pension loans

Personal loans

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 among the following is a Bank rate?

the rate at which a commercial Bank lends to its customers

the rate at which a commercial Bank lends to its best customers

the rate at which a central Bank lends to commercial Banks

the rate at which a Commercial Bank lends to Central bank

the rate at which a commercial Bank accepts deposits from its customers

Which of the following is NOT a Govt. sponsored organization?

Small Industries Development Bank of India

NABARD

National Housing Bank

ICICI Bank

All are Govt. sponsored

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

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