PREPARE FOR BANKING EXAMS AND INSURANCE EXAMS - BANKING QUIZ - PART 4

1.Which bank has partnered with digital payments company Zeta, to launch a payment solution for corporates?
A. Canara Bank
B. Dena Bank
C. State Bank of India
D. IDFC Bank
Answer: Option D

2. Which bank offers debit card for zero balance account recently?
A. Federal Bank
B. City Union Bank
C. Dhanlaxmi Bank
D. Kotak Mahindra Bank
Answer: Option D

3. Which bank cuts interest rate on savings bank balance of up to Rs 50 lakh has been reduced to 3.5 per cent from the current annual 4 per cent?
A. Axis Bank
B. Dena Bank
C. Bank of Baroda
D. Punjab National Bank
Answer: Option C

3.What is the full form of ‘ULIP’ ?
A. Unit Loan & Investment Plan
B. Unit Linked Insurance Plan
C. Uniformly Loaded Investment Plan
D. Universal Life & Investment Plan
Answer: Option B

4.Insurance service provided by various banks is commonly known as ______ ?
A. Investment banking
B. Portfolio management
C. Merchant banking
D. Bancassurance
Answer: Option D

5. The term plastic money applies to____ ?
A. Currency notes impregnated with plastic thread
B. Credit cards mainly issued by the banks
C. Bank draft made of plastic coated paper
D. None of these
Answer: Option B

6. This banks customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch.
A. Dena Bank
B. Union Bank
C. Punjab National Bank
D. Lakshmi Vilas Bank
Answer: Option C

7. Which bank announced the launch of Instant Credit Card Service for customers to get a credit card instantly?
A. ICICI Bank
B. State Bank of India
C. IDFC Bank
D. Indian Bank
Answer: Option A

8. Non- performing asset (NPA) in banks means ?
A. Bank deposits which are not invested
B. Capital asset not in use
C. Loans in which interest or principal amount is not recovered
D. Loan interest rate loans
Answer: Option C

9. Open market operations of RBI refer to buying and selling of:?
A. Commercial bills
B. Foreign exchange
C. Government bonds
D. Gold
Answer: Option C

10. LIBOR stands for?
A. London India Bank Offer Rate
B. London-India Bureau Of Regulations
C. Liberal International Bank Official Ratio
D. London Inter Bank Offered Rate
Answer: Option D