BANKING QUIZ - 52 FOR IBPS-PO & CLERK EXAM
1. Banks where a
majority stake (above 50%) is held by a government are known as
A. Nationalized Banks
B.
Public Sector Banks
C.
Government Banks
D.
Commercial Banks
2. Which among the
following does the RBI not decide?
A.
Base Rate
B.
CRR
C.
Bank Rate
D.
SLR
3. Which among the
following is at times mentioned as a kind of Direct Debit Facility?
A.
RTGS
B.
NEFT
C.
ECS
D.
None of the Above
4. What does FCCB stand
for?
A. France Currency Convertible Bond
B.
Foreign Currency Convertible Bond
C.
Freight Currency Convertible Bond
D.
None of the Above
5. A sum of money paid
regularly (typically annually) by a company to its shareholders out of its
profits (or reserves) is called as?
A. Dividend
B.
Profit
C.
Gratification
D.
Bonus
6. A/An _________ is a
temporary pass through account held by a third party during the process of a
transaction between two parties.
A. Company Account
B.
Current Account
C.
Nominal Account
D.
Escrow Account
7. A formal document
issued by a bank on behalf of a customer, stating the conditions under which
the bank will honour the commitments of the customer is known as ________?
A. Letter of Guarantee
B.
Letter of Credit
C.
Authority Letter
D.
Commitment Letter
8. A right to keep
possession of property belonging to another person until a debt owed by that
person is discharged is called as ________?
A. Pledge
B.
Mortgage
C.
Lien
D.
Baile
9. A formal contract
which grants the holder of the option the right to buy or sell a certain
quantity of an underlying interest or asset at a stipulated price within a
specific period of time is known as?
A. Option
B. Forward Contract
C. Future
D. None of the Above
10. The term is most
often used to refer to the stock market, but can be applied to anything that is
traded, such as bonds, currencies and commodities is known as _______?
A.
Bear Market
B.
Commodity Market
C.
Currency Market
D. Bull Market
Answer key
1.B, 2.A, 3.C, 4.B, 5.A, 6.D, 7.B, 8.C, 9.A, 10.D,
