Banking Awareness Question And Answer For Bank Exam Paper 2

1.What does the letter S denotes in the abbreviation 'SEBI' which is the name of a regulator in financial sector in India?
 [1]Small          [2]State             [3]Sepical          [4]Statutory         [5]Securities.

2.Which of the following is the currency used in south Korea?
[1]Euro             [2]Krone            [3]Dinar             [4]Pound             [5]Won  

3.A money deposited at a bank that cannot be withdrawn for a preset fixed period of time is known as a
[1]Term deposit  [2]Saving Bank Deposit      [3]Checking Account   [4]No frills  Account   [5]Current Deposit

4.The term 'smart money' refers to:
[1]Foreign Banking  [2]Internet Banking    [3]US Dollar         [4] Travellers cheque        [5]Credit Cards       

5.Which one of the following is a retail banking product?
[1]Home Loans           [2]Working capital finance        [3]Corporate term loans       [4]Infrastructure    financing  [5]Export Credit

6.In India, Micro finance development and Equity fund is maintained by-

 [1]. Small industries development Bank of India(SIDBI) 

[2]RBI(Reserve bank of India)

[3]. Nabard(National bank for Agriculture and rural development)

 [4]CII(Confederation of industries in India).

[5]None of these

7.kfw' group released another instalment of its financial aid to India.'kfw' is an organisation/bank base in; 

[1]. France [2] Japan. [3] Germany.   [4]China.  [5]Nepal

8.The Deposit insurance facility provided by the DICGC is not available for which of the following

[1] LIC     [2]GICC          [3] SIDBI    [4] NBFCs           [5]None of these

9.Which of the following are functions of foreign bank?

a. remitting money from one country to another.
b. discounting of foreign bills.
c. buying and selling of metals.
d. helping in import and export trade.

[1] only a and b
[2]. b and c
[3]. a ,b and c
[4]all of the above.

[5]Only  a

10.What does the M in M-banking stands for?

[1]. money  

[2]marginal  

[3]message
[4]. mutual fund  

[5]mobile

Answer
1.[5]    2.[5]    3.[1]   4.[5]    5.[1]      6.[1]  7.[3]   8.[4]  9.[4]  10.[5]