Important Banking Awareness Quizzes (Topic Wise) Day-181

Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS/SBI Exams 2018 can make use of it.

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Quiz on Types of Accounts

maximum of 15 points
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  1. ______Account refers to funds deposited with an Indian financial institution opened by an Indian national with the intention of becoming a Non-Resident Indian or NRI.
  1.   NRI
  2.   FCNR
  3.   NRO
  4.   All of these
  5.   None of these
  1. Which of the following account amount is non transferable?
  1.   Demat Account
  2.   Current Account
  3.   Savings Account
  4.   Fixed Deposit Account
  5.   None of these
  1. CASA stands for Current Account and Savings Account which is mostly used in __________.
  1.   East Asia and West Asia
  2.   Central Asia and South-east Asia
  3.   West Asia and South-east Asia
  4.   None of these
  5.   South Asia and South west Asia
  1. Interest is given on savings account per day basis between __________of every month.
  1.   10th and 30th
  2.   11th and 20th
  3.   15th and 30th
  4.   10th and 20th
  5.   None of these
  1. Foreign Currency Non-Repatriable (FCNR) account is a ____________.
  1.   Savings Account
  2.   Foreign Currency Account
  3.   Fixed Deposit Account
  4.   Current Account
  5.   None of these
  1. Under ___________account, a specified amount is deposited every month for a specific period, such as, 12, 24, 36, or 60 months it can be even for 120 months.
  1.   Demat Account
  2.   Current Account
  3.   Savings Account
  4.   None of these
  5.   Fixed Deposit Account
  1. _____________are bank accounts that can be maintained by resident Indians in foreign currency.
  1.   FCNR Accounts
  2.   NRO Accounts
  3.   RFC Accounts
  4.   None of these
  5.   NRI Accounts
  1. Demat account is just like a bank account where actual money is replaced by ________.
  1.   Debit and Credit card
  2.   Cheque
  3.   Bills
  4.   Receipts
  5.   None of these
  1. A depositor can deposit his funds any number of times he likes and can withdraw the same any number of times in __________.
  1.   Current Account
  2.   Fixed Deposit Account
  3.   None of these
  4.   Savings Account
  5.   Fixed Deposit Account
  1. Which account is used for save shares in account?
  1.   Current Account
  2.   Demat Account
  3.   Savings Account
  4.   Fixed Deposit Account
  5.   None of these
  1. Which type of account is also known as Demand Deposit Account?
  1.   Savings Account
  2.   Recurring Deposit Account
  3.   Current Account
  4.   None of these
  5.   CASA Account
  1. ______Account refers to funds deposited by a Non-Resident Indian or NRI with a financial institution authorized by the Reserve Bank of India to provide such services.
  1.   All of these
  2.   FCNR
  3.   NRI
  4.   NRO
  5.   None of these
  1. Which of the following account attracts high rate of interest?
  1.   Demand Deposit Account
  2.   Fixed Deposit Account
  3.   Savings Account
  4.   None of these
  5.   Current Account
  1. No interest is paid by the bank on ___________.
  1.   Fixed Deposit Account
  2.   Saving Account
  3.   Time Deposit Accounts
  4.   Recurring Deposit Account
  5.   None of these
  1. Fixed Deposit Account is also known as ___________.
  1.   Recurring Deposit Account
  2.   None of these
  3.   Savings Account
  4.   Shared Account
  5.   Current Account

Answers:

  1. NRO Account refers to funds deposited with an Indian financial institution opened by an Indian national with the intention of becoming a Non-Resident Indian or NRI

Correct Answer is: c

  1. Cash is deposited in fixed deposit account for a fixed period. This is not transferable.

Correct Answer is: d

  1. CASA stands for Current Account and Savings Account which is mostly used in West Asia and South-east Asia

Correct Answer is: c

  1. Interest is given on savings account per day basis between 10th and 30th of every month.

Correct Answer is: a

  1. Foreign Currency Non-Repatriable account deposits. This is a Fixed Deposit Foreign Currency account and not a savings account.

Correct Answer is: b

  1. Under Recurring Deposit Account account, a specified amount is deposited every month for a specific period, such as, 12, 24, 36, or 60 months it can be even for 120 months

Correct Answer is: d

  1. RFC accounts (Resident Foreign Currency) are bank accounts that can be maintained by resident Indians in foreign currency.

Correct Answer is: c

  1. Demat account is just like a bank account where actual money is replaced by shares

Correct Answer is: e

  1. A depositor can deposit his funds any number of times he likes and can withdraw the same any number of times in Current account

Correct Answer is: a

  1. Demat account is used for save shares in account

Correct Answer is: b

  1. Current Account is also known as Demand Deposit Account

Correct Answer is: c

  1. NRI Account refers to funds deposited by a Non-Resident Indian or NRI with a financial institution authorized by the Reserve Bank of India to provide such services

Correct Answer is: c

  1. Fixed Deposit Account or Time Deposit Accounts attracts high rate of interest

Correct Answer is: b

  1. No interest is paid by the bank on Current Account

Correct Answer is: e

  1. Fixed Deposit Account is also known as Time Deposit Accounts

Correct Answer is: b

Daily Practice Test Schedule | Good Luck

Topic Daily Publishing Time
Daily News Papers & Editorials 8.00 AM
Current Affairs Quiz 9.00 AM
Logical Reasoning 10.00 AM
Quantitative Aptitude “20-20” 11.00 AM
Vocabulary (Based on The Hindu) 12.00 PM
Static GK Quiz 1.00 PM
English Language “20-20” 2.00 PM
Banking Awareness Quiz 3.00 PM
Reasoning Puzzles & Seating 4.00 PM
Daily Current Affairs Updates 5.00 PM
Data Interpretation / Application Sums (Topic Wise) 6.00 PM
Reasoning Ability “20-20” 7.00 PM
English Language (New Pattern Questions) 8.00 PM
General / Financial Awareness Quiz 9.00 PM

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