Banking Quiz

1. MD and CEO of Canara Bank is _______________
a) P S Jayakumar
b) Kishore Piraji Kharat
c) Rakesh Sharma
d) Usha Ananthasubramanian

2. The Rate at which the domestic currency can be converted into foreign currency and vice versa is called as_______
a) Inter Bank Money Rate
b) LIBOR
c) Repo Rate
d) Exchange rate

3. In 1980, how many banks were nationalized?
a) 8
b) 6
c) 14
d) 10

4. What is the prescribed upper limit transaction through RTGS?
a) No Limit
b) Rs. 10 lakh
c) Rs. 25 lakh
d) Rs. 50 lakh

5. Distribution of insurance products and insurance policies by banks as corporate agents is called as_____________
a) Banking Insurance
b) Bancassurance
c) Insurance Banking
d) None of these

6. Among the following who is the largest share holder of a nationalized bank?
a) State Government
b) Reserve Bank of India
c) Ministry of Finance
d) Government of India

7. Which is the first Indian Bank which was fully owned by Indians?
a) Central Bank of India
b) State Bank of India
c) Reserve Bank of India
d) Indian Bank

8. Fixed deposits and recurring deposits are_______________
a) Repayable after 3 months
b) Repayable after 1 year
c) Repayable after an agreed period
d) Repayable on demand

9. Which of the following category of advance accounts in NOT an NPA?
a) Substandard Account
b) Loss Account
c) Standard Account
d) None of these

10. Among the following which is NOT a source of funds of a commercial bank?
a) Deposits
b) Call money borrowings
c) Loans
d) Borrowing from RBI