Banking Awareness Quiz

1.The IMGC is the sole provider of mortgage guarantor for housing finance in India. The alphabet “I” in the abbreviation IMGC stands for________
A. India
B. Institute
C. Internal
D. Informative
E. International

2.The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is ________

      A. RBI
B. Financial Intelligence Unit(FIU)
C. Intelligence Bureau(IB)
D. Central Bureau of Investigation(CBI)
E. Central Intelligence Unit(CIU)

3.According to RBI guidelines the term ‘bulk deposit’ is used for single rupee term deposit of ________
A. Rs. 1 crore and above
B. Rs, 25 lakh and above
C. Rs, 75 lakh and above
D. Rs, 50 lakh and above
E. Rs, 15 lakh and above

4.A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________
A. Off-shore Banking
B. Investment Banking System
C. Shadow Banking System
D. Conventional Banking
E. Merchant Banking System

5.According to Reserve Bank of India Regulations, “Universal Banks” are permitted to pick up stake in Payment Banks up to _________
A. 35%
B. 25%
C. 20%
D. 40%
E. 30%

6.The “Stand Up India” is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _______
A. SIDBI
B. NABARD
C. RBI
D. MUDRA
E. DRDA

7.An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of ________
A. Rs.5 crore
B. Rs.4 crore
C. Rs.3 crore
D. Rs.2 crore
E. None of the Above

8.The Minimum Net Owned Fund for NBFC-MFIs registered in the North Eastern Region of the country is _________
A. Rs.5 crore
B. Rs.4 crore
C. Rs.3 crore
D. Rs.2 crore
E. None of the Above

9.Which are defined as total assets other than cash and bank balances and money market instruments?
A. Net Assets
B. Qualifying Assets
C. Commercial Papers
D. Both(A) and (C)
E. All of the Above

10.  In SNRR Account, SNRR stands for _________

A. Statutory Non Resident Rupee
B. Single Non Resident Rupee
C. Statutory Non Reflex Rupee
D. Single Non Resident Rupee
E. Special Non Resident Rupee