Banking Awareness Quiz 2 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 among the following is the main function of Agricultural Finance Corporation Limited?

consultancy services in the field of agriculture

social service organization

Agricultural commodities exchange

Agricultural cooperative society

none of the above

RBI is redesigning its 'ECS' to function as a Automated Clearing House (ACH) for bulk transactions. What is full form of 'ECS'?

Extra Closing System

Electronic Cheque System

Evening Cheque Sorter

Evening Cheque System

Electronic Clearing Service

FDI refers to –

Fixed Deposit Interest

Fixed Deposit Investment

Foreign Direct Investment

Future Derivative Investment

None of these

When the loan is granted by a bank for purchase of white goods it is called

Consumption loan

White goods loan

Consumer durable loan

All of these

None of these

Which of the following terms is NOT associated with banking operations?

Repo Rate

Prime Lending Rate

Equator

Corporate Finance

Cash Reserve Ratio

Expand the term FSDC which is used in financial sectors?

Financial Security and Development Council

Financial Stability and Development Council

Fiscal Security and Development Council

Fiscal Stability and Development Council

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

If the RBI adopts an expansionist open market operations policy, this means that it will

buy securities from non-government holders

sell securities in the open market

offer commercial banks more credit in the open market

openly announce to the market that it intends to expand credit

None of these

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