Banking Awareness Quiz – Set 139

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.

1. Helicopter money is a _______ carried out with the cooperation of the central bank.
   A. Monetary Policy
   B. Fiscal Policy
   C. Credit Score
   D. Credit Bureaus
   E. None of these
   

   Answer & Explanation

   B. Fiscal Policy
   Explanation:
   Helicopter money is a Fiscal Policy carried out with the cooperation of the central bank.
   
   
2. ________ is the use of government revenue collection (mainly taxes) and expenditure to influence the economy.
   A. Monetary Policy
   B. Fiscal Policy
   C. Credit Score
   D. Credit Bureaus
   E. None of these
   

   Answer & Explanation

   B. Fiscal Policy
   Explanation:
   Fiscal policy is the use of government revenue collection (mainly taxes) and expenditure to influence the economy.
   
   
3. _______ is the macroeconomic policy laid down by the central bank.
   A. Monetary Policy
   B. Fiscal Policy
   C. Credit Score
   D. Credit Bureaus
   E. None of these
   

   Answer & Explanation

   A. Monetary Policy
   Explanation:
   Monetary Policy is the macroeconomic policy laid down by the central bank.
   
   
4. _______ is a facility which is now provided by banks so that their customers can do their banking transactions as per their convenience 24×7.
   A. Seva Centres
   B. Banking Services
   C. E-Lobby
   D. ONICRA
   E. None of these
   

   Answer & Explanation

   C. E-Lobby
   Explanation:
   E-Lobby is a facility which is now provided by banks so that their customers can do their banking transactions as per their convenience 24×7.
   
   
5. Which of the following service is provided by E-Lobby?
   A. Cash Deposits
   B. Card-to-Card transfers
   C. Mobile phone top-ups
   D. Opening of FD/RD accounts
   E. All of these
   

   Answer & Explanation

   E. All of these
   Explanation:
   ATM withdrawals, cash deposits, card-to-card transfers, mobile phone top-ups, railway booking, passbook printing, NEFT, Opening of FD/RD accounts, SMS alerts, cheque drop box, bill payments, mini statements, etc.
   
   
6. ________ is a letter issued by bank which guarantees seller’s payment on time and in correct amount up to the time the services will be delivered to the buyer.
   A. Letter of Credit
   B. Masala Bond
   C. Bank Board Bureau
   D. Bank Guarantee
   E. None of these
   

   Answer & Explanation

   A. Letter of Credit
   Explanation:
   Letter of Credit is a letter issued by bank which guarantees seller’s payment on time and in correct amount up to the time the services will be delivered to the buyer.
   
   
7. _______ are the rupee-denominated bonds which can be issued by the Indian entities to raise money from overseas markets.
   A. Letter of Credit
   B. Masala Bond
   C. Bank Board Bureau
   D. Bank Guarantee
   E. None of these
   

   Answer & Explanation

   B. Masala Bond
   Explanation:
   Masala Bond are the rupee-denominated bonds which can be issued by the Indian entities to raise money from overseas markets.
   
   
8. Bank Board Bureau is  a(n)_______ body of Union Government of India.
   A. Public
   B. Autonomous
   C. Private
   D. Public-Private
   E. None of these
   

   Answer & Explanation

   B. Autonomous 
   Explanation:
   Bank Board Bureau is an autonomous body of Union Government of India.
   
   
9. The Headquarters of Bank Board Bureau is ______
   A. Mumbai
   B. New Delhi
   C. Chennai
   D. Hyderabad
   E. None of these
   

   Answer & Explanation

   A. Mumbai
   Explanation:
   The Headquarters of Bank Board Bureau is Mumbai.
   
   
10. The Headquarters of National Housing Bank(NHB) is ______
    A. Mumbai
    B. New Delhi
    C. Chennai
    D. Hyderabad
    E. None of these
    

    Answer & Explanation

    B. New Delhi
    Explanation:
    The Headquarters of National Housing Bank(NHB) is New Delhi.