Banking Quiz Quiz

Banking Quiz for IBPS | RBI – 163

Banking Quiz

1. A banker is expected to honour the cheques within the specified banking hours as per section of Negotiable Instrument Act, 1881
a) 48
b) 24
c) 65
d) 72

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2. What are the co-operative banks at the village level known as
a) Central co-operative banks
b) State co-operative banks
c) Village co-operative banks
d) Primary agricultural co-operative societies

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3. Money lent for 15 days or more in inter-bank market is called _____________
a) Term Money
b) Short Term Money
c) Call Money
d) Notice Money

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4. Which one of the following does not quality as priority sector lending by Commercial Banks?
a) Small Business Loans
b) Software Exports
c) Educations Loan
d) Small Industrial Loan

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5. Which of the following is not an organised sector in India?
a) Industrial Bank
b) Regional Rural Banks
c) Cooperative Banks
d) Chits and Money Lenders

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6. If a crossed cheque is presented for payment ______________
a) It can be paid across the counter in another bank
b) Cash can be paid across the counter to the presenter
c) It can be paid only through a banker
d) Cash can be paid across the counter to the presenter

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7. Expand BIFR?
a) Bureau for Investment and Financial Reconstruction
b) Board for Industrial & Financial Reconstruction
c) Board for Investment and Financial Redevelopment
d) Bureau for Industrial for Financial Revolution

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8. Which of the following is the drawee bank in respect of a cheque?
a) The bank on which the cheque is drawn
b) The endorsee’s bank
c) The bank which collects the cheque
d) The payee’s bank

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9. While discussing investments there is mention of short term government security. What is this type of investment known as ______________
a) Debenture
b) Share
c) Mutual Funds
d) Treasury Bill

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10. Banks are required to provide loans to the priority sector upto a specified limit. What is the limit for public sector bank?
a) 50%
b) 20%
c) 40%
d) 10%

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