Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.
- In ‘Small Accounts’ balance in such accounts at any point of time should not exceed ________
A. Rs.50,000
B. Rs.1,00,000
C. Rs.10,000
D. Rs.25,000
E. None of these
Answer & Explanation
A. Rs.50,000
Explanation:
In ‘Small Accounts’ balance in such accounts at any point of time should not exceed Rs.50,000 - In ‘Small Accounts’ total credits in one year should not exceed ________
A. Rs.50,000
B. Rs.1,00,000
C. Rs.10,000
D. Rs.25,000
E. None of these
Answer & Explanation
B. Rs.1,00,000
Explanation:
In ‘Small Accounts’ total credits in one year should not exceed Rs.1,00,000 - In ‘Small Accounts’ total withdrawal and transfers in a month should not exceed ______
A. Rs.50,000
B. Rs.1,00,000
C. Rs.10,000
D. Rs.25,000
E. None of these
Answer & Explanation
C. Rs.10,000
Explanation:
In ‘Small Accounts’ total withdrawal and transfers in a month should not exceed Rs.10,000. - A transfer of money from a migrant worker to their families or other individuals in their home countries is known as _________
A. Inward Remittance
B. Foreign Remittance
C. Commercial banking
D. Wholesale banking
E. None of these
Answer & Explanation
B. Foreign Remittance
Explanation:
A transfer of money from a migrant worker to their families or other individuals in their home countries is known as Foreign Remittance - The process of remitting foreign money to a country is called ______
A. Inward Remittance
B. Foreign Remittance
C. Commercial banking
D. Wholesale banking
E. None of these
Answer & Explanation
A. Inward Remittance
Explanation:
The process of remitting foreign money to a country is called Inward Remittance. - Which of the following was the first development finance institution established by the Indian government after independence?
A. PFC
B. ICRA
C. IDFC
D. IFCI
E. All of these
Answer & Explanation
D. IFCI
Explanation:
Industrial Finance Corporation of India, was the first development finance institution established by the Indian government after independence - Industrial Finance Corporation of India, is an Indian government owned ______
A. Private Bank
B. Scheduled Bank
C. Development Bank
D. All of these
E. None of these
Answer & Explanation
C. Development Bank
Explanation:
Industrial Finance Corporation of India, is an Indian government-owned Development Bank. - Which of the following is the type of industrial finance?
A. Short Term Industrial Finance
B. Medium Term Industrial Finance
C. Long Term Industrial Finance
D. All of these
E. None of these
Answer & Explanation
D. All of these
Explanation:
Types:
Short Term Industrial Finance
Medium Term Industrial Finance
Long Term Industrial Finance - Short-term industrial finance refers to the funds required for a period of less than ________
A. 1 year
B. 2 years
C. 3 years
D. 4 years
E. None of these
Answer & Explanation
A. 1 year
Explanation:
Short-term industrial finance refers to the funds required for a period of less than one year. - Medium-term industrial finance refers to the funds required for a period of one year to ________
A. 6 years
B. 2 years
C. 3 years
D. 4 years
E. 5 years
Answer & Explanation
E. 5 years
Explanation:
Medium-term industrial finance refers to the funds required for a period of one year to 5 years
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