Banking Awareness Quiz

One of the sources of income of banks is to charge fee for certain services. What are some of the services provided by the banks for which they charge fee?

1. Issuing Demand Drafts/Pay Orders
2. Issue of ATM/Credit/Debit Cards
3. Electronic Transfer of Money

As we all know Ministry of Finance every year prepare Union Budget and present it to the parliament. Which of the following is / are the elements of the Union Budget?

1. Estimates of revenue and capital receipts.
2. Ways and Means to raise the revenue.
3. Estimates of expenditure.

Which among the following is correct statement?

'Smart Money' is a term used for—

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

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

Which of the following banks has taken over the Centurion Bank of Punjab?

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

Euro Bond is an instrument

The maximum limit of Foreign Direct Investment (FDI) in public sector banking is—

FDI refers to –