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.
- Which of the following is the headquarters of Bank for International Settlements?
A. Italy
B. Germany
C. Switzerland
D. USA
E. None of these
Answer & Explanation
C. Switzerland
Explanation:
The headquarters of Bank for International Settlements is Basel, Switzerland. - The SLR is commonly used to control ______
A. Deflation
B. Inflation
C. Credit Growth
D. Both (A) and (B)
E. Both (B) and (C)
Answer & Explanation
E. Both (B) and (C)
Explanation:
The SLR is commonly used to control Inflation and regulates the credit growth - The minimum limit(Earlier Limit) of SLR is ______
A. 20%
B. 25%
C. 35%
D. 40%
E. None of these
Answer & Explanation
B. 25%
Explanation:
The minimum limit(Earlier Limit) of SLR is 25% - Following the amendment of the Banking regulation Act(1949) in January 2017, the floor rate of SLR ______ was removed.
A. 20.25
B. 20.50
C. 20.75
D. 21.25
E. None of these
Answer & Explanation
C. 20.75
Explanation:
Following the amendment of the Banking regulation Act(1949) in January 2017, the floor rate of SLR 20.75 was removed. - Which of the following is determined by a percentage of total demand and time liabilities?
A. CRR
B. SLR
C. MBS
D. MCLR
E. None of these
Answer & Explanation
B. SLR
Explanation:
SLR is determined by a percentage of total demand and time liabilities. - If any Indian bank fails to maintain the required level of SLR, then it becomes liable to pay penalty to _______.
A. Finance Ministry
B. Bank Board Bureau
C. GOI
D. RBI
E. None of these
Answer & Explanation
D. RBI
Explanation:
If any Indian bank fails to maintain the required level of SLR, then it becomes liable to pay penalty to Reserve Bank of India - Which of the following is an example of Demand Liability?
A. Fixed Deposit
B. Current Account
C. Savings Account
D. Both (A) and (B)
E. Both (C) and (B)
Answer & Explanation
E. Both (C) and (B)
Explanation:
Example of demand liability is a deposit maintained in saving account or current account that is payable on demand through a withdrawal form such as a cheque. - Which of the following is an example of Time Liability?
A. Fixed Deposit
B. Current Account
C. Savings Account
D. All of these
E. None of these
Answer & Explanation
A. Fixed Deposit
Explanation:
Example of time liability is a six month fixed deposit which is not payable on demand but only after six months. - If any Indian bank fails to maintain the required level of SLR, then the defaulter bank pays penal interest at the rate of ______ per annum above the Bank Rate on the shortfall amount for that particular day.
A. 4%
B. 5%
C. 3%
D. 2%
E. 6%
Answer & Explanation
C. 3%
Explanation:
If any Indian bank fails to maintain the required level of Statutory Liquidity Ratio, then the defaulter bank pays penal interest at the rate of 3% per annum above the Bank Rate, on the shortfall amount for that particular day - If the defaulter bank continues to default on the next working day, then the rate of penal interest can be increased to _____ per annum above the Bank Rate
A. 4%
B. 5%
C. 3%
D. 2%
E. 6%
Answer & Explanation
B. 5%
Explanation:
If the defaulter bank continues to default on the next working day, then the rate of penal interest can be increased to 5% per annum above the Bank Rate.
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