Banking Awareness for Upcoming Exams Set 46

Important Banking Awareness Questions for SBI PO and Upcoming bank exams like NIACL Assistant, NICL AO, IBPS PO, IBPS RRB, etc. Banking Awareness Quiz Bank PO Set

1. What does L stands for in NDTL?
   A) Location
   B) Limitation
   C) Liabilities
   D) Loan
   
   View Answer

   Option C
   Explanation: NDTL= Net Demand and Time Liabilities
2. SIDBI is headquartered at ________
   A) Kolkata
   B) Lucknow
   C) New Delhi
   D) Mumbai
   
   View Answer

   Option B
   Explanation: Lucknow
3. Currencies whose demand is less but supply is more in international market is known as
   A) Cold Money
   B) Cheap Money
   C) Soft Money
   D) Near Money
   
   View Answer

   Option A
   Explanation: Cold Money= Demand less, supply more; Hot Money: Demand more supply less.
4. Bank for International Settlement (BIS) is located at
   A) Zurich
   B) Basel
   C) Geneva
   D) Lausanne
   
   View Answer

   Option B
   Explanation: The Bank for International Settlements is located at Basel in Switzerland.
5. Rising food prices due to increase in demand for agricultural commodities is known as
   A) Inflation
   B) Reflation
   C) Stagflation
   D) Agflation
   
   View Answer

   Option D
   Explanation: Agflation is defined as an increase in the price of food that occurs as a result of increased demand of agricultural product for consumption and use as an alternative energy resource.
6. Which of the given is not an example of Kharif crops?
   A) Paddy
   B) Maize
   C) Groundnut
   D) Wheat
   
   View Answer

   Option D
   Explanation: Kharif Crops= Paddy, Maize, groundnut, Pulses; Rabi= Wheat, Barley, Onion, Mustard etc.
7. BIRD stands for _____
   A) Bankers Institute for Rural Development
   B) Banking Institute for Regional Development
   C) Bank and Insurance Regulatory Department
   D) Banking for Industrial Relation Division
   
   View Answer

   Option A
   Explanation: Bankers’ Institute of Rural Development (BIRD) was founded in 1983 by the National Bank for Agriculture and Rural Development (NABARD) to provide training, research, and consulting services in the fields of rural development banking and agriculture in India. 
8. A non banking entity operating an ATM without any logo is termed as ______
   A) Brown Label ATM
   B) Purple Label ATM
   C) White Label ATM
   D) Blue Label ATM
   
   View Answer

   Option C
   Explanation: When ATMs are owned and operated by private non-bank companies, with a minimum net worth of Rs.100 crore, it is known as White Label ATM. White label ATM doesn’t have logo of any bank.
9. Who among the given is not the present deputy governor of RBI?
   A) SS Mundra
   B) NS Viswanathan
   C) Viral V Acharya
   D) Rajeshwar Rao
   
   View Answer

   Option D
   Explanation: SS Mundra, NS Viswanathan, Viral V Acharya and BP Kanungo are the deputy governor of RBI.
10. What does Core stands for in Core Banking Solution (CBS)?
    A) Cooperative Organ for Reverse Economy
    B) Centralized Online Realtime Exchange
    C) Centrally Organized Realtime Environment
    D) Commercial Operating Retail Entity
    
    View Answer

    Option B
    Explanation: In CBS, C stands for Core which means Centralized Online Realtime Exchange.