SBI SCHOLAR QUIZ DOC
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Banking Awareness Quiz with Answers - BankExamsToday
Questions - https://docs.google.com/document/d/1-pSUG_B_ENGtbf8H9w_bz-KJ7X29LXyrwo3g-PDWpxA/edit?usp=sharing
Answers - https://docs.google.com/document/d/1uy04pYztgMGY6LD-YPvgnSzudvNU-zT_bcwV-pFwEMM/edit?usp=sharing
Glossary Terms - Common Banking Terms - AU Small Finance Bank
Glossary of Banking Terms and Phrases
36 Banking Terms/Terminologies - Complete List
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Which public institution headquartered in Mumbai is India’s apex body for regulating cooperative banks and RRBs (Regional Rural Banks)?
Answer: NABARD (National Bank for Agriculture and Rural Development)
Which Indian scheme holds the Guinness World Record for the most bank accounts opened in a week?
Answer: Pradhan Mantri Jan Dhan Yojana (18 million accounts opened in a single week in August 2014
Which Marvel superhero’s fictional African country is said to be the world’s richest (by resource wealth)?
Answer: Black Panther – Wakanda (Vibranium reserves)
Which fictional wizarding currency has denominations like Galleons, Sickles, and Knuts?
*Answer: Wizarding currency in the Harry Potter universe
The word “bankrupt” comes from the Italian phrase banca rotta. What does it literally mean?
Answer: Broken bench – as moneylenders' benches were broken when they ran out of money
Which Indian financial institution’s HQ is housed in the heritage Tara Wali Kothi, which once served as an observatory?
Answer: SBI, Lucknow branch
1. This word for a tax or duty on imports comes from the name of a Spanish port city that collected taxes from merchants. What word?
Answer: Tariff
(Origin: The term “tariff” is believed to have originated from the Arabic word ta’rif, meaning “notification” or “to announce,” which was later adapted through Italian and Spanish to refer to a system of customs duties. The connection to the port of Tarifa, Spain, comes from its historical importance as a customs point for Mediterranean merchants.)
2. Which word for a financial penalty or cost comes from the Latin for “to punish”?
Answer: Fine
(Origin: From the Latin word finis, meaning "end" or "limit," which evolved into finem meaning “penalty.” The connection to punishment comes from the idea of imposing an end or limit to wrongdoing through financial penalties.)
3. This common banking word comes from the Italian banco, meaning a bench — since early moneylenders in Renaissance Italy operated from benches in marketplaces. Which word?
Answer: Bank
(Origin: The term "bank" comes from the Italian banco meaning “bench” or “counter,” where medieval moneylenders used to conduct their business. The term has evolved to represent a financial institution.)
4. Which term for a loan repayment schedule comes from the Spanish word amortizar, meaning “to kill off”?
Answer: Amortisation
(Origin: From the Spanish word amortizar (from Latin mortis), meaning “to extinguish” or “to kill off,” referring to gradually paying off a loan or debt until it is “extinguished” or completed.)
5. Which term for a severe fall in stock markets is believed to be derived from the Dutch word krach, meaning “breaking” or “crash”?
Answer: Crash
(Origin: The word “crash” comes from the Dutch krach, meaning “force” or “break,” which was adopted in the context of financial markets to describe a sudden, dramatic collapse or failure.)
6. This financial term for a market where prices are falling is named after an animal that strikes downward. What is the term?
Answer: Bear market
(Origin: A bear market is believed to have come from the practice of "bear skin jobbers," where sellers of bearskin would sell before they owned the goods, hoping to profit from a fall in prices. The bear’s habit of swiping downwards with its paws symbolized falling market prices.)
7. The opposite — a market where prices are rising — is named after an animal that strikes upward. What is the term?
Answer: Bull market
(Origin: A bull market is the opposite of a bear market. The bull’s habit of charging with its horns raised upward symbolizes rising prices and upward market movement.)
8. Which accounting term comes from the Latin debere, meaning “to owe”?
Answer: Debit
(Origin: The word “debit” comes from the Latin debere, meaning “to owe.” It refers to an entry made on the left side of an account, indicating the money owed or a decrease in the value of an asset.)
9. This word for money or property owned comes from the Latin word assetum, meaning “enough”?
Answer: Asset
(Origin: The term “asset” comes from the Latin word assidere, meaning “to sit by” or “to help.” It evolved to mean something of value that assists in creating wealth or meeting obligations. While assetum is sometimes cited, its origin in this case is debated.)
10. This financial term for a document that outlines a company’s financial position comes from the French for “balance.”
Answer: Balance sheet
(Origin: The term “balance sheet” comes from the French word balance meaning “a weighing scale” or “equilibrium,” symbolizing the idea of balancing assets and liabilities in an accounting statement.)
11. Which financial term for a share of ownership comes from the Latin word pars, meaning “a portion”?
Answer: Share
(Origin: From the Latin word pars meaning “part” or “portion.” The term share refers to a portion of the ownership of a company or business.)
12. Which accounting term for the right to receive payment, or a claim on assets, comes from the Latin credere, meaning “to trust”?
Answer: Credit
(Origin: From the Latin credere, meaning “to trust” or “to believe,” credit is an agreement that allows one party to receive goods or services before payment, based on trust.)
13. This term for converting assets into cash is linked to the Latin liquidus, meaning “flowing.” What’s the term?
Answer: Liquidity
(Origin: The term “liquidity” comes from the Latin liquidus, meaning “flowing” or “fluid.” It refers to the ease with which assets can be converted into cash without affecting their value.)
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