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26
Apr

Banking awareness Test04

Written by Administrator on 26 April 2013.

Test
1. __________ is when a Bank execute transactions directly with consumers, rather than corporations or other Banks.
A) Retail Banking
B) Private Banking
C) Merchant Banking
D) Investment Banking

2. In the Bill of Exchange, to whom the bill is payable, he is called?
A) Payee
B) Drawer
C) Drawer and Drawee
D) Drawee

3. A __________ is a money deposit at a Banking institution that cannot be withdrawn for a certain "term" or period of time.
A) Time Deposit
B) Deposit Account
C) Money Market Account
D) Transactional Account

4. Open Market operation of Reserve Bank of India is a part of it's
A) Income Policy
B) Credit Policy
C) Physical Policy
D) Labor Policy

5. _________ is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at terminals located at points of sale.
A) EFTPOS
B) MMDA
C) EFTPAS
D) EETPOS

6. Which of the following is not a money market instrument?
A) Treasury Bills
B) Commercial Papers
C) Certificate of Deposit
D) Equity Shares

7. The Golden Peacock Innovative Products/Service Award for 2011 has been awarded to
A) Bank of India
B) Indian Bank
C) State Bank of India
D) Bank of Baroda

8. Modern Banking Concepts in India was brought by?
A) Arabians
B) Africans
C) Mughal
D) Europeans

9. Which of the following is an economic term?
A) Plaintiff
B) Bunker
C) Lampoon
D) Deflation

10. Which Bank first established the Talking ATM in India?
A) United Bank of India
B) Bank of Baroda
C) State Bank of India
D) Union Bank (Union Bank of India)

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