Banking Quiz

1. Some banks are financing projects like “Construction Roads/Bridges etc. Financing such projects means banks are helping exactly in __________________
a) Financial Inclusion
b) Developing Core Sector Industry
c) Infrastructural Development
d) Project Management

2. Which of the following organizations/agencies is not associated with the world of banking and finance?
a) ONGC
b) ECGC
c) SEBI
d) RBI

3. Department of Economic Affairs is part of which of the following Ministries?
a) Ministry of Rural Development
b) Ministry of Home Affairs
c) Ministry of Planning
d) Ministry of Finance

4. Bad debts mean __________________________
a) amounts owed to a company that are not going to be paid
b) amounts owned to a company that are not going to be paid within 8 years
c) amounts owed to a company that are going to be paid
d) amounts owed to a company that are going to be paid within 2 years

5. Whenever somebody needs foreign currency against Indian Rupee, banks give equivalent amount of desired currency based on prevalent _______________
a) base rate
b) exchange rate
c) bank rate
d) currency rate

6. Security printing press was established in 1982 at?
a) New Delhi
b) Bombay
c) Hyderabad
d) Kolkata

7. The maximum amount of the total Revenue earned by the government of India comes from __________________
a) Excise Duty
b) Value Added Tax
c) Income Tax
d) Corporate Tax

8. ‘Global Market’ means market of ____________
a) OPEC members
b) European Union Countries
c) USA
d) All major countries and their alliances

9. Which of the following certainly is an effort in the direction of Financial Inclusion ?
a) Foreign Currency Accounts
b) Demat account
c) No-frills Accounts
d) Internet Banking

10. In economics it is generally believed that the main objective of a Public Sector Financial Company like Bank is to ________________
a) Provide financial service to the people of the nation of its origin across the country
b) Maximize total production
c) Maximize total profits
d) Employ more and more people