525:Quiz for Banking -1

Quiz for Bank Exams

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1:Base Rate is the rate below which no Bank can allow their lending to anyone. Who sets up this 'Base Rate' for Banks?

A)Individual Banks Board
B)Ministry of Commerce
C)Ministry of Finance
D)Interest Rate Commission of India

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2:Bad advances of Bank are called:

A)Bad debt
B)Book debt
C)Non Performing Asset
D)Out of order accounts

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3:By increasing repo rate, the economy may observe the following effects:

A)Industry houses may borrow money from foreign countries
B)Banks will increase rate of interest on deposits
C)Industrial output would be affected to an extent
D)Rate of interest on loans and advances will be costlier

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4.Axis Bank is a..........

A)Public Sector Bank
B)Private Sector Bank
C)Co-operative Bank
D)Foreign Bank

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5.Which one of the following is not a 'Money Market Instrument'?

A)Equity Shares
B)Certificate of Deposit
C)Commercial Paper
D)None of these

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6.A worldwide financial massaging network which exchanged messages between banks and financial institutions is known as........

A)CHAPS
B)SWIFT
C)NEFT
D)SFMS

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7.Which of the following is NOT required for opening a bank account?

A)Address Proof
B)Identify Proof
C)Recent Photographs
D)Domicile Certificate

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