Banking & iibf exam Quiz: part-1

Banking Knowledge Quiz

1. We should keep our savings with banks because:

a) It is safe
b) Earns interest
c) Can be withdrawn anytime
d) All of above

Answer: d) All of above

2. Bank does not give loan against:

a) Gold Ornaments
b) LIC policy
c) Lottery ticket
d) NSC

Answer: c) Lottery ticket

3. Bank having maximum number of branches in India:

a) Reserve Bank of India
b) State Bank of India
c) Punjab National Bank
d) Bank of Baroda

Answer: b) State Bank of India

4. 100/- Rupee note is signed by:

a) Prime Minister
b) Finance Minister
c) RBI Governor
d) None of above

Answer: c) RBI Governor

5. ATM password should be kept in:

a) Personal diary
b) Office diary
c) Memory
d) All of above

Answer: c) Memory

6. ATM password to be shared only with:

a) Spouse
b) Obedient son
c) Obedient daughter
d) None of above

Answer: d) None of above

7. Nomination can be done in:

a) Savings Bank account
b) Recurring Deposit account
c) Fixed Deposit account
d) All of above

Answer: d) All of above

8. Minimum age required to open SB account in the bank:

a) 8 years
b) 10 years
c) 12 years
d) None of above

Answer: b) 10 years

9. Bank does not provide loans for:

a) personal loans
b) Education loans
c) Home loans
d) Drinking & Gambling

Answer: d) Drinking & Gambling

10. KYC means:

a) Know your customer
b) Know your character
c) Both of above
d) None of above

Answer: a) Know your customer