BANKING QUIZ - 51 FOR IBPS-PO & CLERK EXAM
1. _________ is the
rate of interest which is levied on Long-Term loans and Advances taken by
commercial banks from RBI.
A.
Fixed Interest Rate
B.
Fixed Deposit
C.
Bank Rate
D.
Rates Repo Rate
2. _________ is the
amount a commercial bank needs to maintain in the form of cash, or gold or
government approved securities (Bonds) before providing credit to its
customers.
A. CRR
B.
SLR
C.
Term Deposit Rate
D.
Call Money
3.Those amounts due to
vendors or suppliers that must be paid within one year is known as ___________?
A. Accounts Payable
B.
Creditor
C.
Debtors
D.
Current Assets
4. The _________ is the
method countries use to monitor all international monetary transactions at a
specific period of time.
A. Import Export Balance
B.
Balance of transaction
C.
Balance of Payment
D.
None of the Above
5. _________ is a statement showing the assets
and liabilities of a business at a certain date.
A. Balance Sheet
B.
Account Sheet
C.
Accounts Receivable
D.
Accounts Payable
6. A short-term loan
that is used until a person or company secures permanent financing or removes
an existing obligation is called as?
A. Cash Credit
B.
Term Loan
C.
Letter of Credit
D.
Bridge Loan
7. Money loaned by a
bank or other institution which is repayable on demand is called as?
A.
Demand Loan
B.
Call Money
C.
Cash Credit
D.
Short Term Loan
8. _________ is the
means by which a government adjusts its spending levels and tax rates to
monitor and influence a nation's economy.
A. Economic Policy
B.
Monetary Policy
C.
Long Term Planning
D.
Fiscal Policy
9. When a customer uses
banking channels to cover up his suspicious and unlawful financial activities,
is called as _______?
A. Black Money Transaction
B.
Money Laundering
C.
Hot Money Transaction
D.
Money Transfer
10. National Bank for
Agriculture & Rural Development (NABARD) was setup in the year _________?
A.
1969
B.
1991
C.
1982
D.
1948
Answer key
1.C, 2.B, 3.A, 4.C, 5.A, 6.D, 7.B, 8.D, 9.B, 10.C,
