JK Bank PO Banking Awareness Quiz- 3

JK Bank Quiz For General Banking Awareness

This is the third in-line banking awareness quiz in the upcoming series of quizzes and mock tests to help the aspirants for the upcoming JK Bank Associate and Probationary Officers posts.
1.Banking Ombudsman is appointed by
A. Government of India
B. State Government
C. RBI
D. ECGC
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2. The Holidays for the Banks are declared as per
A. Reserve Bank Act
B. Banking Regulation Act
C. Negotiable instruments Act
D. Securities and Exchange Board of India Act
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3. Interest on Savings deposit nowadays is
A. Fixed by RBI
B. Fixed by the respective banks
C. Fixed by the depositors
D. Fixed as per the contract between bank and the Consumer court
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4. Interest below which a bank is not expected to lend to customers is known as
A. Base Rate
B. Deposit Rate
C. Bank Rate
D. Lending Rate
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5. The customers by opening and investing in the Tax Saver Deposit Account Scheme in a Bank would get benefit under
A. Sales Tax
B. Customs Duty
C. Excise Duty
D. Income Tax
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6. In banking business, when the borrowers avail a Term Loan, initially they are given a repayment holiday and this is referred as



A. Subsidy
B. Interest Waiver
C. Re-phasing
D. Moratorium
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7. International standards on combating Money Laundering and Financing of Terrorism and Proliferation are framed by
A. KYC
B. FATF
C. TAPI
D. ICOA
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8. In case of dishonor of cheque for insufficiency of funds in the account, a court can punish a person for________ imprisonment or with fine, if the cheque issued by drawer is returned by the bank unpaid
A. 3 months
B. 6 months
C. 1 Year
D. 2 Years
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9. Which of the following banks became the first one to cross Rs. 5 trillion market captilisation in India
A. ICICI
B. Axis Bank
C. Kotak Mahindra
D. RBL Bank
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10. The minimum duration of fixed deposits offered by most PSU Banks in India is
A. 60 days
B. 30 days
C. 15 days
D. 7 days
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