• Banking Quiz – 35

    341 What is the rate the commercial banks pay to RBI when the deposit surplus money with RBI for short term?
      A) Prime Lending Rate
      B) Reverse Repo Rate
      C) Repo Rate
      D) None of These
    342 Which in the list is  not known as plastic money?
      A) Debit Card
      B) Aadhar Card
      C) Credit Card
      D) ATM Card
    343 In India, Fixed deposit is also known as?
      A) Term Deposit
      B) Flexible Deposit
      C) Tenure Deposit
      D) Bonds
    344 India was the second country in the world to introduce Deposit Insurance corporation as fully subsidiary of RBI in which year?
      A) 1965
      B) 1962
      C) 1959
      D) 1971
    345 In India, the DIC and the CGCI were merged to form the Deposit Insurance and Credit Guarantee Corporation (DICGC) in which year?
      A) 1991
      B) 1971
      C) 1982
      D) 1978
    346 A currency which is expected to fluctuate as a result of the country’s political or economic uncertainty is known as?
      A) Hard currency
      B) Soft Currency
      C) Commodity Currency
      D) Saber Currency
    347 What is full form of NBFC as used in financial sector?
      A) New Banking Finance Company
      B)Non-bank financial companies
      C) New Business Financ and  Credit.
      D) None of these.
    348 Which is the first country in the world to establish official deposit insurance scheme to protect bank depositors, in full or in part, from losses caused by a bank’s inability to pay its debts when due?
      A) Japan
      B) UK
      C) India
      D) USA
    349 An agreement whereby an issuing Bank at the request of the Importer undertakes to take payment to the exporter against stipulated documents for overseas trading?
      A) Bill of exchange
      B) Letter of Exchange
      C) Letter of Credit
      D) Bill of entry
    350 Where is headquarter of India’s largest public sector bank “State Bank of India”?
      A) Kolkata
      B) Bangalore
      C) Mumbai
      D) New Delhi


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