• Banking Quiz – 37

    361 In which year, RRBs have been granted freedom to fix rates of interest by the RBI?
      A) 2001
      B) 1991
      C) 1993
      D) 1996
    362 When RRBs are set up in India in 1975, how much capital was shared by the Central government?
      A) 50%
      B) 30%
      C) 40%
      D) 25%
    363 What is the name of the Indian domestic card payment network being set up by National Payments Corporation of India (NPCI) at the behest of banks in India?
      A) RupeePayment
      B) Rupaiya
      C) Paisa
      D) Rupay
    364 Which in the list is  also known as plastic money?
      A) Gift Voucher
      B) Demand draft
      C) Credit Card
      D) Gift Cheque
    365 The Indian Financial System Code (IFSC) is a ____ character code with the first 4 alphabetic characters representing the bank?
      A) 8
      B) 11
      C) 10
      D) 12
    366 A currency which depends heavily on the export of certain raw materials for income is known as?
      A) Hard currency
      B) Soft Currency
      C) Commodity Currency
      D) Saber Currency
    367 In US Banking law, FDIC stands for?
      A) Financial Deposit and Insurance Corporation
      B) Federal Deposit Investment Company
      C) Federal Deposit Institute of Currency
      D) Federal Deposit Insurance Corporation
    368 Which of the following is a risk associated with the retail banking?
      A) Strong recovery strategy
      B) Proper Lending limits
      C) Inadequate risk pricing
      D) Effective credit appraisal process
    369 As per RBI guidelines for Exchange Earner’s Foreign Currency (EEFC) Account published in July 2012, _____ of foreign exchange earnings can be credited to the EEFC account subject to the condition that the sum total of the accruals in the account during a calendar month should be converted into Rupees on or before the last day of the succeeding calendar month after adjusting for utilization of the balances for approved purposes or forward commitments.
      A) 80%
      B) 100%
      C) 75%
      D) 60%
    370 For personal loans, the interest rate normally is?
      A) Lower than Prime Lending rate
      B) Same as Prime Lending rate
      C) Higher than Prime Lending rate
      D) Can’t be said like that


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