Banking Awareness Based on Loans & Advances | Daily Banking Awareness Quiz

Banking Awareness Based on Loans & Advances | Daily Banking Awareness Quiz

Banking Awareness Quiz for SBI Clerk, SBI PO, RBI, IBPS PO/Clerk/RRB/SO & other Banking & competitive exams 2020-21. Banking Awareness is an important part of any banking and Financial exam. You can Attempt Banking Awareness Quiz.

                               Topic-Loans & Advances

Q1. Loan given to small shop owners/farmers etc. by banks is known as
(a) Business Loan
(b) Priority Loan
(c) Corporate Loan
(d) Commercial Loan
(e) None of these

Q2. A very large loan extended by a group of banks to a single borrower is known as
(a) Non-Recourse loan
(b) No Documentation loan
(c) Syndicated loan
(d) Secured loan
(e) None of these

Q3. Which type of loan is a bank guarantee?
(a) Unsecured
(b) Commercial
(c) Secured
(d) Personal
(e) None of these

Q4. The banking company has a restriction to sanction loans to………
(a) Students going abroad
(b) Staff working in the bank
(c) Professionals
(d) Directors of the bank
(e) None of these

Q5. In the self-help group, the loan and saving decisions are taken by
(a) Banks
(b) Government
(c) Group members
(d) Non-government organization
(e) None of these

Q6. CIBIL stands for
(a) Credit Information Banking India Ltd
(b) Credit Information Bureau Ltd
(c) Credit Information Bureau India Ltd
(d) Credit Investment Bureau India Ltd
(e) None of these

Q7. The loan facility where neither ownership nor possession of asset is transferred as security to the bank
(a) Pledge
(b) Mortgage
(c) Property security
(d) Hypothecation
(e) None of these

Q8. The borrower repays his loan by way of fixed monthly installments to the bank is called?
(a) Equated money installment
(b) Equated monthly installment
(c) Equal money installment
(d) Equal month installment
(e) None of these

Q9. On which rate method, the interest is charged on the full amount of the loan throughout the entire period of loan
(a) Fixed rate of interest
(b) Floating rate of interest
(c) Compound rate of interest
(d) Flat rate of interest
(e) None of these

Q10. Prime lending rate is charged by
(a) Cooperative Bank
(b) Commercial Bank
(c) Merchant Bank
(d) Development Bank
(e) None of these

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