Banking Quiz for Canara Bank and Syndicate Bank PO Exam 2018

With the increased competition in the field of banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.

Q1. An account for which a bank acts as an uninterested third party is termed as?

(a) Savings Account

(b) Current Account

(c) Reserve Account

(d) Escrow Account

(e) Fixed Account

Q2. A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as ________

(a) Power of Attorney

(b) Promissory Note

(c) Purchasing Power Parity

(d) Plastic Notes

(e) None of the given options is true

Q3. Which of the following is defined as the difference between current assets and current liabilities?

(a) Venture Capital

(b) Working Capital

(c) Equitable Mortgage

(d) Loss Assets

(e) Profit and Loss Account

Q4. A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as __________

(a) external debt

(b) good debt

(c) bad debt

(d) internal debt

(e) None of the given options is true

Q5. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points. What is basis point? 

(a) Ten percent of one-hundredth point 

(b) One hundredth of 1%

(c) One hundredth of 10% 

(d) Ten per cent of 1000

(e) None of the given options is true

Q6. Part of company’s earning or profit which is paid out to share holders is known as _______

(a) Premium

(b) Dividend

(c) Bonus

(d) Sum Assured

(e) Return

Q7. Which of the following economic concepts is categorised on the basis of Current Account or Capital Account or both?

(a) Balance of Payments

(b) Value of the food grain stock of a country

(c) Gross National Product

(d) Gross National Income(GNI)

(e) Total collection of Direct Taxes in a year

Q8. When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called-

(a) Revenue Deficit

(b) Budgetary Deficit

(c) Zero Budgeting

(d) Trade Gap

(e) Balance of Payment Problem

Q9. Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth.

(a) Five years

(b) Four years

(c) Six years

(d) Eight years

(e) Ten years

Q10. Private sector lender Axis Bank reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent for deposits up to-

(a) Rs 1 lakh 

(b) Rs 80 lakh 

(c) Rs 20 lakh 

(d) Rs 50 lakh

(e) Rs 10 lakh 

Q11. NSDP links are intended to provide quick access to a single comprehensive source of economic and financial data consistent with the data categories and components described in the subscriber’s metadata. NSDP stands for-

(a) National Summary District Page

(b) National Summary Development Page

(c) National Summary Department Page

(d) National Summary Division Page

(e) National Summary Data Page

Q12. An Asset Reconstruction Company (ARC) in India is associated with-

(a) UCPDC

(b) DICGC

(c) NPA

(d) Home Loan

(e) None of the given options is true

Q13. Which of the following is mainly used by the banks in order to meet their temporary requirement of Cash on a daily basis?

(a) Commercial Paper

(b) Certificate of Deposit

(c) Collateralized Borrowing and Lending Obligations (CBLO)

(d) Call Money

(e) None of the given options is true

Q14. Which of the following is not available to depositors of NBFCs?

(a) Deposit Insurance facility

(b) Acquisition of shares

(c) Loans and Advances

(d) All of the Above

(e) None of the given options is true

Q15. India Infrastructure Finance Company Ltd (IIFCL) is a wholly-owned ____________ company set up in 2006.

(a) NABARD

(b) SEBI

(c) RBI

(d) Finance Ministry

(e) Government of India

Check Detailed Solutions of Banking Awareness