Banking and Financial Awareness - Online Test
Q1. One of the various quantitative instruments used by the central bank in during inflation is
Answer : Option B
Explaination / Solution:
No Explaination.
Q2. Which of the following is 'material alteration' of a negotiable instrument?
Answer : Option A
Explaination / Solution:
Converting an order cheque into bearer cheque is the material alteration of a negotiable instrument.
Hence Option A is correct
Q3. One of the various quantitative instruments used by the central bank in during deflation is
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. Which of the following bank has launched India's first Aadhaar enabled ATM?
Answer : Option D
Explaination / Solution:
DCB Bank has launched Bengaluru’s first ATM that accepts Aadhaar number and Aadhaar fingerprint instead of ATM/Debit Card and PIN to dispense cash.
Q5. Selling government securities by the central bank in India during excess demand will be
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. What is the full form of REITs?
Answer : Option D
Explaination / Solution:
Real Estate Investment Trusts (REITs)
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and even timberlands.
Q7. Raising bank rate by the central bank in India during excess demand is
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. What is the duration of PPF account?
Answer : Option D
Explaination / Solution:
Withdrawals from PPF account. There is a lock-in period of 15 years and the money can be withdrawn in whole after its maturity period. However, pre-mature withdrawals can be made from the end of the sixth financial year from when the commenced.
Q9. Raising CRR by the central bank in India during excess demand will be
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. National housing bank is subsidiary of-
Answer : Option E
Explaination / Solution:
National housing bank is subsidiary of RBI (Reserve bank of India)
