Banking Awareness Test 6

1. On 6th September 2011, RBI said the unclaimed amounts in Indian banks approximately ..........cr?
a) 100
b) 5000
c) 6000
d) 1500
e) 1700

2.The utmost advantage of plastic money is ..........?
a) Style
b) Printing very cheap
c) Shelf life will be longer
d) Occupy less space
e) Circulation very easy

3. Paid up capital means ..........
a) Amount of share capital actually contributed by share holders
b) Amount of share capital actually contributed by promoters on ad-hoc basis
c) Capital borrowed from the public
d) Loan given by the banks on the first day of establishment
e) Capital paid but asked to return by share holders

4. Extending bank credit includes ..........?
a) Cash Credit
b) Over Draft
c) Demand Loans
d) Term Loans
e) All of above

5. To stop the growth of NPAs Credit Information Bureau Limited (CIBIL) was established in ..........?
a) 2001
b) 1998
c) 1956
d) 2012
e) 2011

6. .......... give the short term and medium term loans to Regional Rural banks?
a) RBI
b) NABARD
c) SBI
d) HDFC
e) CBI

7. In the re distribution of incomes, inflation favours ..........?
a) poor people
b) BPL families
c) engineers
d) rich people
e) poor and rich people

8. A loan allows the person to pursue higher studies is..........?
a) Education Loan
b) Housing Loan
c) Admission Loan
d) Passing Loan
e) Purse and Mess Loan

9. Village people take more loans from non-institutional sources (informal route). It includes?
a) Scheduled banks
b) Money Lenders
c) Co-operative banks
d) Rural banks
e) Public Sector banks

10. The paper currency cannot be minted by Reserve Bank of India?
a) Ten rupee
b) Hundred rupee
c) Fifty rupee
d) Twenty rupee
e) One rupee
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