BANKING QUIZ

1. For which of the following loans, there is not a fixed purpose? These are generally taken for renovation of a home, consolidation of debt, to finance a vacation and a great number of other things.
a) Housing loan
b) Vehicle loan
c) Personal loan
d) Education loan
e) None of these

2. The HDFC, the largest mortgage lender in the country, has announced to raise funds by secured redeemable NCDs and warrants. Here the term NCD stands for
a) Non-Convertible Debt
b) Non-Convertible Deductibles
c) Non-Convertible Derivatives
d) Non-Convertible Debuntures
e) None of these

3. In banking and finance, a loan with scheduled periodic payments of both principal and interest, typically through equal payments, is known as
a) Amortised loan
b) Unsecured loan
c) Scheduled loan
d) Syndicate loan
e) None of these

4. Who among the following was nominated to the central board of directors of the Reserve Bank of India (RBI) by the govt recently?
a) KV Kamath
b) Anil Goswami
c) Arvind Subramanian
d) Chanda Kochhar
e) Shaktikanta Das

5. Name the Thrissur headquartered bank which launched ‘Green PIN’ allowing customers to generate their PIN at the bank’s ATMs recently. VG Mathew is the present MD and CEO of the bank.
a) IndusInd Bank
b) South Indian Bank
c) Yes Bank
d) Federal Bank
e) Bandhan Bank

6. The International Finance Corporation (IFC) is an international financial institution which is headquartered at
a) Geneva
b) Paris
c) Rome
d) Washington DC
e) New York

7. _________ became the first Indian company to receive an in-principle board approval to raise rupee-denominated bonds abroad (also called ‘masala bonds’) recently.
a) Tata Capital
b) Muthoot Fincorp
c) Bajaj Finserv
d) HDFC
e) IDBI Capital

8. __________ became the first corporate to sign the revised listing agreement with the BSE recently as mandated under the newly introduced Listing Regulation notified by SEBI.
a) Reliance Industries
b) Nestle
c) ICICI Bank
d) Cairn India
e) Adani Power

9. T-bills are financial instruments initially sold by __________ to raise funds
a) Commercial Banks
b) The Government
c) Corporation
d) Agencies of the state government
e) None of the above

10. Commercial paper is a short term security issued by ___________ to raise funds
a) RBI
b) Commercial banks
c) Large and well known companies
d) NSE
e) State and local governments

11. Which one of the following is not a money market instrument?
a) A treasury bill
b) A negotiable certificate of deposit
c) Commercial paper
d) Treasury bond
e) Repo

12. Money lent for one day is called
a) Call money
b) Notice money
c) Term money
d) All of these
e) None of the above

13. Money lent for more than one day but less than 15 days
a) Call money
b) Notice money
c) Term money
d) All of these
e) None of the above

14. Money lent for 15 days or more in inter-bank market is called
a) Call money
b) Notice money
c) Term money
d) All of these
e) None of the above

15. In the term repo, the term of loan is greater than
a) 30 days
b) 20 days
c) 60 days
d) 90 days
e) 120 days

16. The banks are offering payment solutions which do not require swiping credit/debit card and is completed by scanning a QR code. Here, the term QR stands for
a) Quick Request
b) Quick Response
c) Quick Return
d) Quick Receipt
e) Quick Result

17. Who among the following is the present chairman and managing director (DMD) of Sidbi, the country’s principal lender for micro, small and medium enterprises (MSMEs)?
a) RS Garg
b) V Sridar
c) Harsh Kumar Bhanwala
d) Kshatrapati Shivaji
e) S Muhnot

18. The RBI said that banks’ CRR and SLR will be applicable to short-term bullion deposits under the GOLDmonetisation scheme and it will allow banks to take a minimum deposit of _______ of gold from individuals.
a) 25 grams
b) 30 grams
c) 50 grams
d) 35 grams
e) 40 grams

19. Which of the following became the second bank after HDFC Bank and the first PSB to join the Chillr payment platform recently? It enables peer-to-peer payment through a mobile application.
a) Bank of Baroda
b) Bank of India
c) PNB
d) Canara Bank
e) Indian Bank

20. To tabulate data related to FDI by LLPs, the RBI has asked these entities to submit report over their foreign liabilities and assets by Jun 15 of every year. The term LLP stands for
a) Least Liability Partnership
b) Limited Liability Partnership
c) Largest Liability Partnership
d) Local Liability Partnership
e) None of these