Banking and Insurance Quiz

1.For the developing countries of Asia, the international agency which provides soft loans is

International Monetary Fund Asian Development Bank International Development Association World Bank

2.No license from RBI is required for

opening a new bank branch in India opening a new bank branch outside India shifting an existing branch outside the city, village or town shifting an existing branch within the same city, village or town

3.Commercial banks are unique among financial institutions because they

advance loans to business provide insurance to depositors create demand deposits hold saving deposits

4.Financial Year in banks is a period from

January to December May to June April to March January to April

5.“Pure Banking Nothing Else” is a slogan raised by

ICICI Bank HDFC Bank SBI UTI Bank