Banking quiz : Set 10

Banking Awareness is an important part of Current Affairs Section of Banking and Insurance Exam. . Static GK is very important for bank exams like IBPS Clerk, PO, SBI Clerk, PO, RRB CLerk and PO. So study our static GK Content and attempt the Banking Awareness  Quiz Now

1). Where is the head quarter of Insurance Regulatory and Development Authority (IRDA)?

a) Hyderabad

b) Bangalore

c) Mumbai

d) Delhi

e) None of these

2). Where is the head quarter of Telecom Regulatory Authority of India (TRAI)?

a) New Delhi

b) Gujrat

c) Pune

d) Bangalore

e) None of these

3). What is the full form of NAV?

a) Net Actual Value

b) Net Annual Value

c) Net Asset Value

d) Net Average Value

e) None of these

4). Which of the following is known as the concept of a standard contract to buy or sell a

specified commodity at a certain date in future and at a market driven price?

a) Forward Contract

b) Futures Contract

c) Market Contract

d) Standard Contract

e) None of these

5). Which of the following depicts the financial position of a bank or business enterprise at a

given point of time?

a) Balance sheet

b) Cash flow statement

c) Income statement

d) Model audit

e) None of these

6). When financial institutions and banks undertake activities related to banking like investment,

issue of debit and credit card etc then it is known as ________?

a) Internet banking

b) Universal banking

c) Virtual Banking

d) Wholesale banking

e) None of these

7). What is the full form of NIM?

a) Net Interest Margin

b) Net Involvement Margin

c) Net Involution Margin

d) Net international Margin

e) None of these.

8). Oudh Commercial Bank was founded in _______.

a) 1913

b) 1917

c) 1894

d) 1881

e) None of these

9). Which of the following is a financial ratio that gives a measure of a company’s ability to meet

its financial losses?

a) Cash Reverse Ratio

b) Leverage Ratio

c) Statutory Liquidity Ratio

d) Loan-to-Value Ratio

e) None of these

10). Which of the following is the correct definition of Hot Money?

a) This is the fund which is dumped into a country to get the advantage of a favourable

interest rate

b) This is the fund which is provided by a bank in US $ at very short notice and at a very

high rate of interest and for a longer period of repayment

c) This is the fund which is pushed into market through illegal methods

d) All of the above

e) None of these

Answers:

1). a) 

2).a) 

3). c ) 

4).b) 

5). a) 

6).b) 

7). a) 

8).c) 

9). b) 

10).c)