Home › Quizzes › Indian Banking

Indian Banking

Questions about Indian banking institutions, regulations, and financial concepts

10 Questions Published
Play Quiz Practise this topic out loud

Questions

Question 1 Multiple Choice (Single Answer)

The Reserve Bank of India(RBI) was set up on the basis of the recommendations of_____.

  1. the Narasimham Committee
  2. the Mahalanobis Committee
  3. the Rangarajan Committee
  4. the Hilton Young Commission
  5. the Shivraman Committee
Question 2 Multiple Choice (Single Answer)

Which public bank first introduced credit card in India?

  1. Bank of India
  2. Bank of Baroda
  3. Central Bank
  4. Allahabad Bank
  5. None of these
Question 3 Multiple Choice (Single Answer)

How many digits are there in a MICR code?

  1. 9
  2. 6
  3. 13
  4. 11
  5. 7
Question 4 Multiple Choice (Single Answer)

When the signature of the drawer of a cheque is not genuine, such a cheque is called______.

  1. post dated cheque
  2. stale cheque
  3. forged cheque
  4. forged and stale cheque
  5. all of the above
Question 5 Multiple Choice (Single Answer)

Which of the following finances the Rural Infrastructure Development Fund (RIDF)?

  1. Selected group of public sector banks
  2. Ministry of Rural Development
  3. SEBI
  4. NABARD
  5. SIDBI
Question 6 Multiple Choice (Single Answer)

What is a call money?

  1. Money borrowed or lent for a day or overnight.
  2. Money borrowed or lent for more than one, but less than 15 days.
  3. Money borrowed or lent for more than 15 days.
  4. Money borrowed for more than one day, but up to 14 days.
  5. None of these
Question 7 Multiple Choice (Single Answer)

What is the meaning of financial inclusion?

  1. Opening accounts of finance companies
  2. Financial analysis of balance sheet figures
  3. Opening accounts of High Net worth Individual(HNIs)
  4. Opening accounts of underprivileged persons at affordable cost
  5. None of these
Question 8 Multiple Choice (Single Answer)

What is not true about core banking solutions(CBS)?

  1. It is a networking of branches.
  2. It is the process which is completed in a centralized environment.
  3. It is a step of a bank towards enhancing the convenience of its customers.
  4. Anywhere and anytime banking is the concept associated with CBS.
  5. None of these
Question 9 Multiple Choice (Single Answer)

Which among the following is a qualitative meaure?

  1. Bank rate
  2. Open market operations
  3. Variable cash reserve ratio
  4. Prescription of margins requirements
  5. None of these
Question 10 Multiple Choice (Single Answer)

PPF(Public Provident Fund) account is opened for a period of ____ years.

  1. 5
  2. 10
  3. 15
  4. 20
  5. None of these
← Back to Quizzes