Quiz on banking awareness 23

Banking awareness quiz
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Q 1)Expand 'C' in OECD which stimutales economic progress at world's Trade? ?

cooperation
corporation
connection
combined

Q 2)Which of the following is false ?

standing instruction is basically a remittance service asking bank to pay a set of amount at regular interval of time to payee account

Interest earned on SB accounts is not subjected to TDS

Payment on cheque is stopped by bank,if bank receives stop payment instruction from drawee

In CTS,Physical cheque will be truncated at somepoint and transfered to drawee branch

Q 3)ASBA scheme related to which purchasing ?

commerical papers
debentures
Shares from a friend
Initial public offering

Q 4)The ownership of the public sector banks lies upon __________ .

only GOI
GOI & shareholders from public
Only shareholders from public
Only upon some corporate persons

Q 5)What is the world's oldest central bank ?

Sveriges Riksbank
US Federal Reserve Bank
European Central Bank
Bank of England

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