Banking Terms And Terminology Questions and Answers

    Posted on by Job Alert

    Banking Terms And Terminology Questions and Answers Online Test Quiz Practice for Bank Exams IBPS SBI Clerk PO mains General Awareness (Banking Awareness) .

    30 Questions and Answers

    1 .What is the full form of 'FINO', a term we see frequently in financial newspapers?
    A.  Financial Investment Network and Operations
    B.  Farmers' Investment in National Organisation
    C.  Farmers Inclusion News and Operations
    D.  Financial Inclusion Network and Operations
    E.  None of these
    View Answer Discuss in Forum
    2 .What does the letter 'L' denote in the term 'LAF' as referred every now and then in relation to monetary policy of the RBI?
    A.  Liquidity
    B.  Liability
    C.  Leveraged
    D.  Longitudinal
    E.  None of these
    View Answer Discuss in Forum
    3 .Which of the following terms is NOT a financial term?
    A.  Investment
    B.  El Nino effect
    C.  Core Banking System
    D.  RTGS
    E.  All are financial terms
    View Answer Discuss in Forum
    4 .The term 'Smart Money refers to __________ "
    A.  Foreign Currency
    B.  Internet Banking
    C.  US Dollars
    D.  Travelers cheques
    E.  Credit Cards
    View Answer Discuss in Forum
    5 .We often come across the term SWIFT in financial newspapers. What is the expanded form of this term?
    A.  Society for Worldwide Interbank Financial Telecommunication
    B.  Secure Worldwide Interbank Financial Telecommunication
    C.  Society for Worldwide Intra-bank Financial Transaction
    D.  Security for Worldwide Interbank Financial Transaction
    E.  None of these
    View Answer Discuss in Forum
    6 .Many a time we read in financial newspapers about the performance of the 'core sectors' in the economy. Which of the following is NOT included in the same?
    A.  Coal
    B.  Automobiles
    C.  Steel
    D.  Cement
    E.  Oil and Petroleum
    View Answer Discuss in Forum
    7 .The Standing Committee on Finance headed by Yashwant Sinha has recommended that CSR should be mandatory for all the companies. CSR stands for
    A.  Company Social Representation
    B.  Company Service Responsibility
    C.  Corporate Social Responsibility
    D.  Corporate Security Responsibility
    E.  None of these
    View Answer Discuss in Forum
    8 .In a bid to standardise and enhance the security features in cheque forms, it has now been made mandatory for banks to issue new format of cheques called
    A.  CTS-2010
    B.  CTS-2011
    C.  CTS-2012
    D.  CTS-2013
    E.  None of these
    View Answer Discuss in Forum
    9 .The 'Four Eyes' principle (mentioned by the Reserve Bank of India) refers to:
    A.  Lenders
    B.  Borrowers
    C.  Wealth mangers
    D.  Micro-Fananciers
    E.  None of these
    View Answer Discuss in Forum
    10 .NRE deposit is
    A.  Non Resident External deposit
    B.  Non Resident Extra deposit
    C.  Non Resident Exchange deposit
    D.  Non Refundable External deposit
    E.  Non Resident Extended deposit
    View Answer Discuss in Forum
    11 .Which of the following is NOT a banking-related term?
    A.  SME Finance
    B.  Overdraft
    C.  Drawing power
    D.  Sanctioning Authority
    E.  Equinox
    View Answer Discuss in Forum
    12 .What does the acronym LAF stand for?
    A.  Liquidity Adjustment Fund
    B.  Liquidity Adjustment Facility
    C.  Liquidity Adjustment Finance
    D.  Liquidity Adjustment Factor
    E.  None of these
    View Answer Discuss in Forum
    13 .Which of the following terms is used in Banking Field?
    A.  Interest rate swap
    B.  Input devices
    C.  Sedimentary
    D.  Zero hour
    E.  Privilege motion
    View Answer Discuss in Forum
    14 .What is 'wholesale banking'?
    A.  It is a bank-to-bank or B2B dealing
    B.  It is a bank-to-customer dealing.
    C.  It is a bank-to-trustworthy customer dealing
    D.  It is a bank-to-government dealing
    E.  None of these
    View Answer Discuss in Forum
    15 .Trade between India and China is in a state of 'Payment imbalance'. What does this mean in real terms?
    (1) China imports less from India but India imports more from China.
    (2) China delays payments to exporters.
    (3) India wants payments in US Dollars but wants to pay in Yuan.
    A.  Only 1
    B.  Only 2
    C.  Only 3
    D.  All 1,2 and 3
    E.  None of these
    View Answer Discuss in Forum
    16 .Banks are promoting 'Branch less Banking' which means?
    (1) Banks will not reduce number of branches. Number of branches will be restricted and will concentrate on specified core business.
    (2) Banks will launch/operate multiple delivery channels like ATMs, Mobile Banking/Internet Banking etc making visit to a branch unnecessary.
    (3) Banks will issue only debit or credit cards for daily financial transactions. Cheques/Cash payment will not be allowed.
    A.  Only 1
    B.  Only 2
    C.  Only 1 and 2
    D.  Only 2 and 3
    E.  All 1,2 and 3
    View Answer Discuss in Forum
    17 .NBFCs are an important part of the Indian financial system. What is the full form of this term?
    A.  New Banking Financial Companies
    B.  Non-Banking Financial Companies
    C.  Neo Banking Financial Confederation
    D.  Non-Banking Fiscal Companies
    E.  All of these
    View Answer Discuss in Forum
    18 .BCSBI stands for
    A.  Banking Codes and Standards Board of India
    B.  Banking Credit and Standards Board of India
    C.  Banking Codes and Service Board of Inida.
    D.  Banking Credit and Service Board of India.
    E.  None of these
    View Answer Discuss in Forum
    19 .What does the term 'bancassurance' mean ?
    A.  Assurance from the bank to its account holder regarding safety of his money
    B.  A special product designed by the bank
    C.  Selling of insurance policies by banks
    D.  Understanding between banks and insurance companies
    E.  None of these
    View Answer Discuss in Forum
    20 .SEZ stands for:
    A.  Southern Economic Zone
    B.  South European zone
    C.  Special Economic zone
    D.  Special Eastern zone
    E.  None of these
    View Answer Discuss in Forum
    21 .The abbreviation IRDA stands for:
    A.  Industrial Research and Development Authority of India
    B.  Insurance Research and Development Authority of India
    C.  Insurance Regulation Development Authority of India
    D.  Industrial Research and Demands Agency
    E.  None of these
    View Answer Discuss in Forum
    22 .Hard Currency is defined as currency
    A.  which can hardly be used for international transactions
    B.  which is used in times of war
    C.  which loses its value very fast
    D.  traded in foreign exchange market for which demand is persistently relative to the supply
    E.  None of these
    View Answer Discuss in Forum
    23 .The terms 'bull' and 'bear' are used in the
    A.  Bihar Government's Animal Husbandry Department
    B.  Income Tax Department
    C.  CBI
    D.  Stock Exchange
    E.  None of these
    View Answer Discuss in Forum
    24 .We read a term 'ECB' in the financial newspapers. What is the full form of ECB?
    A.  Essential Credit and Borrowing
    B.  Essential Commercial Borrowing
    C.  External Credit and Business
    D.  External Commercial Borrowing
    E.  None of these
    View Answer Discuss in Forum
    25 .Green Banking means
    A.  financing of irrigation projects by banks
    B.  development of forestry by banks
    C.  financing of environment friendly projects by banks
    D.  development of Railway by banks.
    E.  None of these
    View Answer Discuss in Forum
    26 .DTAA stands for
    A.  Direct Tariff Avoidance Agreement
    B.  Double Taxation Avoidance Agreement
    C.  Direct Taxation Avoidance Agreement
    D.  Double Tariff Avoidance Agreement
    E.  None of these
    View Answer Discuss in Forum
    27 .The rate at which the Reserve Bank of India lends to the commercial banks in very short term against the backing of the Government securities is known as?
    A.  Bank rate
    B.  Repo rate
    C.  Reverse Repo
    D.  Discount rate
    E.  None of these
    View Answer Discuss in Forum
    28 .A letter of credit (LC) wherein the credit available to the customer gets reinstated after the bill is paid is known as?
    A.  Back to back LC
    B.  Red clause LC
    C.  Back to front LC
    D.  Revolving LC
    E.  None of these
    View Answer Discuss in Forum
    29 .Which of the following is not an imperfect note?
    A.  washed note
    B.  bleached note
    C.  multilated note
    D.  oiled note
    E.  None of these
    View Answer Discuss in Forum
    30 .Which of the following is not shown as an asset in the balance sheet of a BanK?
    A.  Investment
    B.  Advances
    C.  Cash balances with other banks
    D.  Borrowings
    E.  None of these
    View Answer Discuss in Forum
    Share & Spread the love

    Related Posts:


    Advertisement
    Other Govt Jobs 2020:
    Latest Bank exams practice & Prepare Online ibpsonline
    Recruitment Board Post Name Apply/details Last Date
    Koraput District Court Jr Clerk-cum-Accountant deo koraput jr clerk recruitment 2020   Oct 14, 2020 [19 Days Left ]
    cgpsc sports officer result 2020  
    gsssb laboratory asst result 2020  
    appsc gazetted non gazetted admit card 2020  
    Shree Saptashrungi Ayurved, Mahavidyalay & Hospital, Maharashtra University of Health Sciences, Nashik (MUHS) Principal, Professor & Other muhs faculty recruitment 2020 57 vacancies   Sep 30, 2020 [5 Days Left ]
    IBPS Upcoming Notifications
    IBPS recruitment
    Log in Sign up
    500
    Leave a comment...

      Get Instant Script Download Access!

      no thanks