December 2016

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Banking Awareness MCQs for Banking exams

1.Acceptance of deposits by non - banking financial companies is regulated by RBI under:

A.Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998

B.Non - banking financial companies acceptance of government deposits (Revenue Bank) directions,
1998

C.Non - banking financial companies acceptance of public deposits (Revenue Bank) directions, 1998

D.Non- banking financial companies acceptance of deposits money lenders (Revenue Bank) directions, 1998

2.If a company, which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act

A.RBI Act 1934

B.Banking companies Act

C.Companies Act 1956

D.Central Government

3.Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:

A.Public

B.Relatives in the from of loans

C.Friends

D.None of these

4.Every Banking company is required to use the word Bank in its name and no company other than a Banking company can use the words Bank, Banker or Banking as a part of its name as per:

A.Section 7 of Banking Regulation Act

B.Section 7 of RBI Act

C.Section 7 of SEBI Act

D.Section 7 of Nationalization Act

5.In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under ____ Act

A.Section 22 of banking Regulation Act

B.Section 22 of RBI Act

C.Section 22 of NABARD

D.KYC Guidelines by RBI

Solutions

1.A
2.C
3.A
4.A
5.A

Banking Knowledge for Bank Exams

1. Identify the Basel III norms from following that, recently RBI has extended the timeline for implementation for banks in India ___________.
(a) Minimum regulatory capital requirement
(b) Market discipline
(c) Holding the minimum capital to risk weighted assets ratio to 10.25%
(d) Leverage ratio to 3%
(e) All the above

2. Identify the odd one out from the following benefits of RTGS.
(a) Settlement is immediate
(b) Suited for only lower value transactions
(c) Lowers the settlement risk
(d) Avoids credit risk while settlement
(e) Settled at real time

3. Who all can hire a locker in a bank?
(a) Individuals
(b) Limited companies and societies
(c) Specified associations
(d) Two persons jointly
(e) All the above

4. Expand IFSC ___________.
(a) Indian Financial System Code
(b) Indian Financial Services Code
(c) International Financial Service Code
(d) Interbank Fund Service Code
(e) Indian Financial Security Code

5. Which among the following is known as pre paid negotiable instrument?
(a) Cheque
(b) Promissory note
(c) Bankers cheque/ Pay order
(d) Fixed deposit
(e) None of these

Solutions

1.E
2.B
3.E
4.A
5.C

Banking Awareness

1) Which of the following bank during July 2015 became the first in the country to launch the MUDRA Card, under the Pradhan Mantri MUDRA Yojana (PMMY) scheme?
a) State Bank of India
b) Bank of India
c) Corporation Bank
d) Indian Bank

2) Asian Infrastructure Investment Bank (AIIB), the new multilateral international financial institution which started its operations recently, has its headquarters in which city?
a) Beijing
b) Shanghai
c) Manila
d) Mumbai

3) Banks of which one of the following countries went to banking holiday during June-July 2015?
a) Cyprus
b) Turkey
c) Spain
d) Greece

4) Which African country is going through the process of de-monetization of its currency due to hyper-inflation as high as 500 billion per cent in the recent times?
a) Burundi
b) Zimbabwe
c) Ethiopia
d) Somalia

5) RBI’s Reverse Repo Rate (RRR) is usually …..basis points lower than the Repo Rate?
a) 150
b) 200
c) 125
d) 100

Solutions

1.C
2.A
3.D
4.B
5.D

Banking Knowledge for Bank Exams

1. If the stock markets are declining then it is called as ___________.
(a) Bull run
(b) Down run
(c) Bear run
(d) Stage
(e) None of these

2. A promissory note that is not secured by any collateral or not secured by a mortgage or lien marked on any property is ___________instrument.
(a) Debenture
(b) Bill of exchange
(c) Commercial bill
(d) Currency bill
(e) None of these

3. What does RBI do if a Re.1 note is issued by Government of India?
(a) RBI object the issuance
(b) RBI put into circulation
(c) RBI converts Re.1 in to higher denomination of Rs.10 and more.
(d) RBI asks banks to not to support for circulation
(e) None of these

4. RBI issue currency rupee notes on bases of ___________.
(a) By holding minimum value of gold coins and bullion
(b) By holding minimum foreign securities as a part of the total approved assets
(c) By holding minimum amount of commodities which are trading in commodity exchanges
(d) Only a and b
(e) All the above

5. Which of the following entities are applicable for the new listing obligations and disclosure requirements of SEBI regulations, 2014?
(a) Listing of debentures
(b) Listing of bonds
(c) All listed companies
(d) All the above
(e) None of these

6. National Payments Corporation of India (NPCI) is being used by banks for ___________.
(a) Remittance
(b) Clearing and settlement
(c) Payments and settlements
(d) Advisory service
(e) None of these

7. NOSTRO account means ___________.
(a) An account opened by foreign citizens other than NRIs in India with Indian banks in INR for their expenses in India.
(b) An account opened by foreign citizens other than NRIs in India with foreign banks in foreign currency to convert Indian rupee to that currency and remit back to their own country.
(c) An account opened by an Indian bank in the foreign countries in their banks and in that country currency for settlement in that country's currency.
(d) An account opened by a foreign bank in India with their corresponding banks in INR for settlements in INR.
(e) None of these

8. What kind of Treasury Bills (T-Bills) is/ are issued by State Government?
(a) No Treasury Bills issued by State Government
(b) 182 - days
(c) 91 - days
(d) 364 - days
(e) None of these

Solutions

1.C
2.A
3.B
4.D
5.D
6.B
7.C
8.A

Important Questions for Bank Exams

1. Where is the head office of Syndicate Bank located?
(a) Bangalore
(b) Manipal
(c) New Delhi
(d) Mumbai
(e) Kolkata

2. NABARD support lending to farmers, rural artisans and other non farmers in rural areas through___________.
(a) Co-operative Banks
(b) Regional Rural Banks
(c) Land Development Banks
(d) Scheduled Commercial Banks
(e) All the Above

3. Identify the macro economic policy/ policies of India ___________.
(a) Monetary policy
(b) Fiscal policy
(c) Regulatory policy
(d) Only a and b
(e) None of these

4. RBI uses bank rate in order to control ___________.
(a) Money supply, volume of bank credit and cost of bank credit.
(b) Liquidity
(c) Cash holdings of banks
(d) Financial position of banks
(e) None of these

5. What are the steps taken by RBI, in order to meet demand and time liabilities of banks in time?
(a) Banks are asked to keep mandatory regulatory cash reserve with RBI
(b) Banks are asked to maintain CRR
(c) Both a and b as they are same
(d) Banks are asked to keep enough cash in cash counters
(e) None of these

6. India's own payment gate way 'RuPay' works in which of the following channel/s?
(a) Automated Teller Machines
(b) Point of Sales
(c) Online Sales
(d) All of the Above
(e) None of these

7. Monetary policy is used by RBI for controlling ___________.
(a) Inflation or deflation
(b) Exports or imports
(c) Indian rupee or foreign currency
(d) State or Central Government
(e) None of these

8. Identify the difference between commercial paper and certificate of deposit ___________.
(a) Certificate of deposit is issued at discount while commercial paper at face value
(b) Certificate of deposit is a financial instrument while commercial paper is a financial statement
(c) Certificate of deposit is issued by banks while commercial paper is issued by firms or public limited companies
(d) All the above
(e) None of these

9. When does money market is called as 'Tight'?
(a) When the call money rate is low
(b) When the call money rate is high
(c) When money availability in the market is very high
(d) When participants in the money market are ready to lend
(e) None of these

10. If a bank needs to attract Provident Fund Deposits, what are the criteria that banks must possess?
(a) Profitability in preceding 3 years
(b) Minimum of Rs.200 crores as net worth
(c) Capital adequacy of 9%
(d) All the above
(e) None of these

Solutions

1.B
2.E
3.D
4.A
5.C
6.D
7.A
8.D
9.B
10.D

GK Quiz for Bank PO Exams

Q 1. The basic functions of the bank are?
(a) Acceptance of Deposits from the public
(b) Lending or investing the funds so collected from the customers
(c) Lending to customers
(d) (a) and (b)
(e) (a) and (c)

Q 2. Functions of Banks are governed by?
(a) Indian Contract Act
(b) FEMA
(c) Traditions in India
(d) Banking Regulation Act
(e) Indian Trust Act

Q 3. Electronic banking has opened new banking channels like?
(a) Internet banking
(b) Telephone banking
(c) Branch Banking
(d) ATM banking
(e) (a), (b) and (d)

Q 4. Illiterate Persons are allowed to open?
(a) Current account
(b) Savings account
(c) only savings account (without cheque facility) or fixed deposit account
(d) Any type of account
(e) Not allowed to open bank account

Q 5. The effect of a valid nomination is that?
(a) on death of the sole depositor /all depositors, the amount will be returned to the nominee after further legal formality.
(b) on death of the sole depositor, the amount will be returned to the nominee
(c) on death of the sole depositor / all depositors, the amount will be returned to the nominee without any further legal formality.
(d) None
(e) (a), (b) and (c)

Q 6. Fixed deposits cannot be
(a) Renewed for a further period on maturity date
(b) Transferred to third parties
(c) Pre-paid before the maturity date
(d) Only a&c
(e) Any of the above

Q 7. Minimum period of fixed deposit is_________days and maximum period for which a bank can accept a deposit presently is___________years?
(a) 10 - 10
(b) 7 -10
(c) 7-20
(d) Any period
(e) 1 - 10

Q 8. Flexi deposits means?
(a) Floating Rate of Interest deposits
(b) Fixed deposits
(c) Hybrid deposits
(d) Call Deposit
(e) None of these

Q 9. When the bank lends money to the customer, the relationship, of the customer and banker is___.
(a) Creditor and Debtor,
(b) Debtor and Creditor
(c) Principle - Agent
(d) Either a or b
(e) None of these

Q 10. Debt refers to?
(a) Outstanding Loan Balance
(b) Present and future dues from customer of any nature say locker rent
(c) a sum of money owed by one person or entity(debtor) to an-other person or entity (creditor)
(d) a sum of money owed by one person or entity (Creditor) to another person or entity (Debtor)
(e) None of these

Q 11. Know Your Customer (KYC) guidelines expect banks to?
(a) know the educational details of the customer
(b) know the family details of the customer
(c) know the locational details of the customer
(d) know the financial details of the customer
(e) None of these

Q 12. The Smart Card?
(a) appears very smart
(b) contains an IC Chip
(c) issued to smart account holders
(d) issued to account holders having balance in lakhs
(e) None of these

(1) d
(2) d
(3) e
(4) c
(5) c
(6) b
(7) b
(8) c
(9) b
(10) c
(11) d
(12) b

Current Affairs for bank exam

1) The objective of which company is to identify port led development projects under Sagarmala?
a. Sagarmala Port Trust Authority
b. Jawaharlal Nehru Port Trust Authority
c. Sagarmala Development Company
d. None of the above

2) Who was Gaya Prasad Katiyar?
a. Social activist
b. Freedom fighter
c. Industrialist
d. Both a and b

3) US based scientists have discovered a bio-battery on a single sheet of?
a. Metal
b. Paper
c. Chrome
d. Plastic

4) Ratansiri Wickremanayake was the PM in which government?
a. Mahinda Rajapakasa
b. Chandrika Kumaratunga
c. Both of the above
d. Neither of the above

5) India's first DigiDhan Mela was held in which state?
a. Punjab
b. Delhi
c. Haryana
d. None of the above

6) How many cheetah can be found in the world, according to a study which says they are endangered?
a. 7,000
b. 7,100
c. 7,200
d. 7,300

7) Scientists have used diamonds to assemble electrical wires ______ wide?
a. Three atoms
b. Four atoms
c. Five atoms
d. Six atoms

8) Which real estate portal has tied up with real estate major TATA Housing to create a digital marketing platform?
a. Housing.com
b. Makaan.com
c. 99 acres.com
d. None of the above

9) How many tourists visited India in Dec 2016?
a. 8.91 lakh
b. 8.90 lakh
c. 7.91 lakh
d. 7.90 lakh

10) India has successfully test fired Agni 5 on 26th Dec 2016. What is its range?
a. Over 4,000 km
b. Over 5,000 km
c. Over 6,000 km
d. None of the above

Solutions

1.C
2.B
3.B
4.C
5.C
6.C
7.A
8.A
9.A
10.B

General Banking Awareness

1. Which is the largest bank in the world?

a) BNP Paribas
b) China Construction Bank Corporation
c) HSBC Holdings
d) Industrial & Commercial Bank of China

2. What is the full form of NIM?

a) Net Interest Margin
b) Net Involvement Margin
c) Net Involution Margin
d) None

3. What is the full form of MTSS?

a) Money Transfer Service Scheme
b) Medium Transfer Service Scheme
c) Moderate Transfer Service Scheme
d) Money Transfer Service Strategy

4. What method is used by the Bank to read code on cheque?

a) MICR
b) OCR
c) OMR
d) None

5. What is the full form of CVV?

a) Call Verification Value
b) Card Verification Value
c) Credit Verification Value
d) None

6. Where is the Bank of International Settlement headquartered?

a) Belgium
b) France
c) Germany
d) Switzerland

7. What is the tagline of HDFC Bank?

a) India's International Bank
b) Relationships beyond banking
c) One Family One Bank
d) We understand your world

8. Which bank launched smart star account?

a) HDFC Bank
b) HSBC
c) ICICI Bank
d) IDBI Bank

9. Which is the committee on Banking Ombudsman?

a) Parthasarathi Shome
b) B. Shivaraman Committee
c) Suma Verma Committee
d) Shri Raghuram Rajan Committee

10. What is the full form of CDSL?

a) Central Depository Services Limited
b) Cardinal Depository Services Limited
c) Central Depository Securities Limited
d) None

11. How many digits are there in IFSC Code?

a) 10
b) 11
c) 12
d) 13

12. What does the acronym DICGC mean?

a) District Industries Centre and Government College
b) Department of Insurance in Central Govt. Company
c) Deposit Insurance and Credit Guarantee Corporation
d) Deputy Inspector & Commissioner General for Commodities Trading

Solutions

1.D
2.A
3.A
4.A
5.B
6.D
7.D
8.C
9.C
10.A
11.B
12.C

Banking Awareness for Bank PO Exams

1. The New Capital Adequacy Frame work prescribed for the banks is commonly known as?
(1) KYC norms
(2) Credit Policy
(3) Basel accord
(4) Fiscal Policy
(5) None of these

2. Expand the term 'FRBM'?
(1) Financial Responsibility and Business management
(2) Fiscal Responsibility and Business management
(3) Financial Responsibility and Budget Management
(4) Fiscal Responsibility and Budget Management
(5) Formal Responsibility and Business Management

3. What is an Indian Depository Receipt?
(1) A deposit account with a Public Sector Bank
(2) A depository account with any of depositories
(3) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company
(4) An instrument in the form of deposit receipt issued by Indian depositories
(5) None of these

4. Land Development Banks form a part of the?
(1) Commercial Banks
(2) Industrial Development Bank of India
(3) Food Corporation of India
(4) Cooperative Credit Structure
(5) None of these

5. Which of the following cannot be called as a value Added Service offered by bank?
(1) Special Accounts for poor sections of society
(2) Accident Insurance Cover
(3) Instant credit of outstations cheques
(4) free cheque books
(5) All of these

6. The minimum number of women required for formation of women groups under Development of women and children in Rural Areas Programme is?
(1) 20
(2) 15
(3) 10
(4) 05
(5) None of these

7. What is the full form of 'FINO', a term we see frequently in financial newspapers?
(1) Financial Investment Network and Operations
(2) Farmer's Investment in National Organization
(3) Farmers Inclusion News and Operations
(4) Financial Inclusion Network and Operations
(5) None of these

8. With an aim to provide better services to the debit card holders, the Reserve Bank of India (RBI) has directed all commercial and public sector banks to introduce new Automated Teller Machines (ATM) that can deliver lower denomination notes such as?
(1) Rs 10
(2) 20
(3) 50
(4) None of the above
(5) All the above

9. Which of the following banks is limited to the needs of agriculture and rural finance?
(1) RBI
(2) SBI
(3) IFC
(4) NABARD
(5) Axis Bank

10. Open-market operations of Reserve Bank of India refer to?
(1) Trading in securities
(2) Auctioning
(3) Transaction in gold
(4) All of these
(5) None of these

11. Which of the following has introduced a new tool named Data Warehousing and Business Intelligence System for speedy analysis of data and identification of violations?
(1) IRDA
(2) SBI
(3) RBI
(4) TRAI
(5) None of these

12. The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 per cent to?
(1) 74 %
(2) 47 %
(3) 57 %
(4) 72 %
(5) None of these

13. Which of the following is NOT part of the scheduled banking structure in india?
(1) Money Lenders
(2) Public Sector Banks
(3) Private Sector Banks
(4) Regional Rural Banks
(5) State Cooperative Banks

14. Who is the chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions sector?
(1) Y.H. Malegam
(2) Dr K.C.Chakraborty
(3) C.Rangarajan
(4) M.Damodaran
(5) Smt Usha Thorat

15. An instrument of qualitative credit control in India is?
(1) Open market operations
(2) Credit rationing
(3) Change in reverse ratio
(4) Bank rate policy
(5) None of these

Solutions

1)3
2) 4
3) 3
4) 4
5) 4
6) 3
7) 1
8) 5
9)4
10) 1
11) 2
12) 1
13) 1
14) 1
15) 2

Banking Awareness- MCQs

1. What is the full form of CBS?

a) Core Banking Solution
b) Core Banking Software
c) Core Banking System
d) Core Banking Service

2. 'Subprime lending' is a term applied to the loans made to ___________________________.

a) Those borrowers who do not have a good credit history
b) Those borrowers who have a good credit history
c) Those borrowers who do not have a good debit history
d) Those borrowers who have a good debit history

3. Which among the following is the act of taking on a risk for a fee?

a) Guidewire
b) Initial Public Offering
c) Predictive analytics
d) Underwriting

4. Which among the following is called the rate of interest charged by RBI for lending money to various commercial banks by rediscounting of the bills in India?

a) Bank Rate
b) Discount Window
c) Monetary Policy
d) Overnight Rate

5. Which of the following are to be followed by Commercial Banks for risk management?

a) Basel II norms
b) Basel III norms
c) Basel I norms
d) Solvency II norms

6. What is the full form of CRR?

a) Cash Reserve Rate
b) Cash Reserve Ratio
c) Cash Recession Ratio
d) Core Reserve Rate

7. What is the full form of 'MAT'?

a) Maximum Alternate Tax
b) Minimum Alternate Tax
c) Maximum Alternate Time
d) Minimum Alternate Time

8. What is the full form of NDTL?

a) New Demand & Tenure Liabilities
b) Net Demand & Time Liabilities
c) National Deposits & Total Liquidity
d) Net Demand & Tax Liabilities

9. Which one of the following is known as the recession occurring two times with a small gap in between?

a) Deep Recession
b) Deflation
c) Double-dip Recession
d) Double Inflation

10. "Basel Committee on Banking Supervision" is also known as ___________________________.

a) Bank for International Settlements Committee
b) Banking Regulation Committee
c) Financial Stability Board
d) Global Financial System

Solutions

1.A

2.A

3.D

4.A

5.A

6.B

7.B

8.B

9.C

10.A

Banking Awareness for SBI/IBPS Bank Clerk/PO/SO/RRB & RBI exams

1 NBFCs are an important part of the Indian financial system. what is meant by this term?

(1) New Banking Financial Companies

(2) Non Banking Financial Companies

(3) Neo Banking Financial Confederation

(4) Non banking Fiscal Companies

(5) None of these

2 What is a stale cheque?

(1) A cheque issued without drawer's signature.

(2) A cheque with only signature of the drawer.

(3) A cheque which has completed 3 months from the date of its issue.

(4) Any one of the above.

(5) None of these

3 Where is the head office of Insurance Regulatory Development Authority?

(1) Kolkata

(2) Mumba

(3) Hyderabad

(4) Chennai

(5) Delhi

4 USSD stands for?

(1) Unstructured Supplementary Service Data

(2) Universal Supplementary Service Data

(3) Unstructured Standard Service Data

(4) Unstructured Supplementary Service Dairy

(5) Unstructured Supplementary Stolen Data

5 A cheque returned for insufficiency of funds. Payee will have right to notice and approach court of law for justice under section 138 of which act?

(1) Indian Penal Code

(2) Negotiable Instrument Act

(3) Criminal Procedure Code

(4) Payment and Settlement Act

(5) Indian Contract Act

6 Which of the following is not a primary function of a Bank?

(1) Granting loans

(2) Collecting cheques/ drafts of Customers

(3) Arranging VISA for students for abroad education

(4) Issuing bank drafts

(5) Selling Gold/Silver Coins.

7 Which of the following is not classified as a Commercial Bank?

(1) Public Sector Bank

(2) Foreign Bank

(3) Private Sector Bank

(4) Regional Rural Bank

(5) Urban Cooperative Bank

8 The name 'Bluetooth' gets its name from a 10th century king of?

(1) China

(2) Denmark

(3) Greece

(4) Thailand

(5) Spain

9 Which of the following tools is used by the RBI to control credit and monetary situations of the markets?

(1) RTGS

(2) NEFT

(3) ECS

(4) CRR

(5) Balance of trade

10 Which of the following is not a banking term?

(1) Letter of credit

(2) MIBOR

(3) Factoring services

(4) Entry load

(5) None of these

Solutions

1. 2

2. 3

3. 3

4. 1

5. 2

6. 3

7. 5

8. 2

9. 4

10. 4

General Banking Awareness

1. Which is the first bank to introduce credit card in India?
a) Canara Bank
b) Central Bank of India
c) Bank of Baroda
d) ICICI Bank

2. Which bank launched Mobile Bank Accounts in association with Vodafone's m-paisa?
a) Bank of Baroda
b) HDFC Bank
c) ICICI Bank
d) Punjab National Bank

3. Which is the largest public sector bank in India?
a) Bank of Baroda
b) Canara Bank
c) Central Bank of India
d) State Bank of India

4. Which is the largest private sector bank in India?
a) Axis Bank
b) ICICI Bank
c) HDFC Bank
d) South Indian Bank

5. Which is the largest foreign bank in India?
a) American Express Bank Ltd.
b) DBS Bank Ltd.
c) HSBC Ltd.
d) Standard Chartered Bank

6. Which is the first Indian bank to open branch outside India?
a) Andhra Bank
b) Bank of Baroda
c) Bank of India
d) Canara Bank

7. Which bank started the first RRB named Prathama Grameen Bank?
a) Punjab National Bank
b) State Bank of India
c) Syndicate Bank
d) United Bank of India

8. Which is the first bank to introduce ATM in India?
a) HSBC
b) Standard Chartered Bank
c) State Bank of India
d) United Bank of India

Solutions

1.B
2.B
3.D
4.B
5.D
6.C
7.C
8.A

Questions on Bank Exams ,IBPS PO

1 Full form (abbreviations) for term 'STRIPS'?
(a) Separate Trading of Registered Interest and Principle of Securities
(b) Separate Trading of Regulating Interest and Principle of Securities
(c) Special Trading of Registered Interest and Principle of Securities
(d) Separate Trading of Regulating Interest and Principle of Securities
(e) None of these

2 The Government of India is planning to revive which of the following types of banks by infusing fresh capital? (A good number of these banks are having a negative net worth and need recapitalization).
(a) Public Sector Banks
(b) Private Sector Banks
(c) Regional Rural Banks
(d) Developmental Institutes who have converted themselves into Banks
(e) None of these

3 What does LMS stand for in e-learning?
(a) Learning Management System
(b) Life Management System
(c) Learning Management Software
(d) Liquidity Management Service
(e) None of the above

4 A banknote is also known as a ___________.
(a) Bill
(b) Paper money
(c) Simply a note
(d) financial obligation
(e) Both a,b and c

5 First Indian bank to open a branch outside India is_______.
(a) Bank of India
(b) Canara Bank
(c) Punjab National Bank
(d) State Bank of India
(e) UCO Bank

6 The first bank purely managed by Indian was Punjab National Bank. PNB was established in Lahore in________.
(a) 1810
(b) 1836
(c) 1895
(d) 1910
(e) 1936

7 First Indian bank to Introduce internet banking –
(a) UCO Bank
(b) ICICI bank
(c) State Bank of India
(d) HDFC bank
(e) Bank of India

8 First Bank in India to launch Talking ATMs for differently-able person?
(a) UCO Bank
(b) Union Bank of India
(c) State Bank of India
(d) HDFC bank
(e) Bank of India

9 What is the full form of FINO?
(a) Financial Investment Network and Operations
(b) Financial Inclusion Network and Operations
(c) Farmers' Investment in National Organization
(d) Farmers' Inclusion News and Operations
(e) None of the above

10 if Reserve Bank of India hikes interest rates by 25 basis points in its monetary policy, then a commercial bank would like to increase it’s interest rates on loans by 25 basis points of___________?
(a) Prime Lending Rate
(b) Repo rate
(c) Base rate
(d) Saving account interest rate
(e) None of these

1. Separate Trading of Registered Interest and Principle of Securities
2. Regional Rural Banks
3. Learning Management System
4. Both a,b and c
5. Bank of India
6. 1895
7. ICICI bank
8. Union Bank of India
9. Financial Inclusion Network and Operations
10. Base rate

Banking Awareness Quiz for IBPS Bank Exam

Q.No. 1. In finance, a derivative is a_______________.

(1) Return

(2) Contract

(3) Legal Agreement

(4) Both 2 and 3

(5) None of these

Q.No. 2. In finance, __________is a profit on an investment.

(1) Return

(2) Interest

(3) Principal sum

(4) Both 1 and 2

(5) Both 1, 2 and 3

Q.No. 3. Finance is a field that deals with the study of____________.

(1) Investments

(2) Money

(3) Rules

(4) Both 1 and 2

(5) None of these

Q.No. 4. The Bombay Stock Exchange (BSE) Established in______________.

(1) 1865

(2) 1875

(3) 1885

(4) 1895

(5) 1965

Q.No. 5. The Bombay Stock Exchange (BSE) is Asia's _______stock exchange.

(1) First

(2) Second

(3) Third

(4) Fourth

(5) Fifth

Q.No. 6. ____________is the study of the role of the government in the economy.

(1) Private finance

(2) Corporate finance

(3) Public finance

(4) Both 1 and 2

(5) None of these

Q.No. 7. US dollars, British pounds, Australian dollars, and European euros are examples of___________.

(1) Currency

(2) Money

(3) medium of exchange

(4) Both 1 and 2

(5) Both 1, 2 and 3

Q.No. 8. The markets catering the need of short term funds are called__________.

(1) Money Markets

(2) Capital Markets

(3) Insurance

(4) Both 1 and 2

(5) None of these

Q.No. 9. The markets that cater to the need of long term funds are called ____________.

(1) Money Markets

(2) Capital Markets

(3) Insurance

(4) Both 1 and 2

(5) None of these

Q.No. 10. Call Money, Notice Money and Term Money markets are sub-markets of the ______________.

(1) Indian Money Market

(2) Japan Money Market

(3) USA Money Market

(4) All of the above

(5) None of these

Solutions

1. 2 Contract
2. 4 Both 1 and 2
3. 1 Investments
4. 2 1875
5. 1 First
6. 3 Public finance
7. 1 | 5 Currency, Money
8. 1 Money Markets
9. 2 Capital Markets
10. 1 Indian Money Market

Questions for IBPS Exams

Q.1- Which one of the following is the largest Committee of the Parliament?

A. The Committee on Public Accounts
B. The Committee on Estimates
C. The Committee on Public Undertakings
D. The Committee on Petitions

Q.2- Crimea has been in news recently, this is a disputed area between which of the following?

A. Russia and Ukraine
B. Russia and Turkey
C. Syria and Iraq
D. Syria and Israel

Q.3.- Military exercise Hand-in-Hand is exercise between India and which of the following country?

A. Nepal
B. China
C. Russia
D. Afghanistan

Solutions

1.B

2.A

3.B

Banking and Financial Awareness for Bank Exams

1. Capital markets are also kown as_____________.

(1) financial markets

(2) financial institution

(3) Share Markets

(4) All of the above

(5) None of the above

2. UNICEF stand for United Nations Children's Fund and a Nonprofit organization Its headquartered situated in______________?

(1) Japan

(2) USA

(3) New York

(4) New Delhi

(5) Mumbai

3. City Union Bank Headquarter situated in______________?

(1) Tamil Nadu

(2) Maharashtra

(3) Asam

(4) New Delhi

(5) Mumbai

4. To promote the concept of charity towards the poor and the needy, the Indian government has been regularly encouraging people to donate and this donation can also be claimed as a deduction under___________?

(1) Section 80F

(2) Section 80G

(3) Section 81F

(4) Section 81G

(5) Section 80

5. In Insurance, The insured receives a contract, called the__________.

(1) Insurance agreement

(2) Insurance policy

(3) Insurance MOU

(4) Both 1 and 2

(5) None of these

6. In Online Banking information processing system, A touchscreen is a/an___________?

(1) Input device

(2) Output device

(3) Touch device

(4) All of the above

(5) None of these

7. India's central banking institution, which controls the monetary policy of the Indian rupee.

(1) Central Bank of India

(2) Reserve Bank of India (RBI)

(3) Govt. of India

(4) Bombay Stock Exchange

(5) All of these

8. Which among the following is NOT a subsidiary of RBI?

(1) National Housing Bank

(2) NABARD

(3) Bharatiya Reserve Bank Note Mudran Private Limited

(4) SIDBI

(5) All of these

9. What is the objective of the government behind setting up a Minimum Export Price (MEP) for a particular commodity?

(1) To promote exports

(2) To discourage imports

(3) To check price rise

(4) To provide subsidy to producers

(5) All of these

10. ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with________________.

(1) Capital Market

(2) Loans

(3) World Bank Grants

(4) Ponzi Schemes

(5) All of these

Solutions

1. 1

2. 3

3. 1

4. 2

5. 2

6. 1

7. 2

8. 4

9. 3

10. 1

MCQs for Banking exams, IBPS, SBI

1.Currency notes deposited in the currency chest are the property of ____?

A.Respective bank

B.RBI

C.SBI

D.Government of India

2.A fixed deposit receipt is kept with the bank for its safety, is known as ___?

A.Safe custody

B.Safe deposit

C.Locker

D.Valid safe deposit

3.Who among the following is the primary regulator of Banking business?

A.Reserve Bank of India

B.Central Government

C.State Government

D.Parliament

4.The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of _______:

A.Undesirable persons

B.Artificial persons

C.Arrested persons

D.Convicted persons

5.Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:

A.Combating finance of terrorism

B.To check hawala transactions

C.To check the inflow of crime money

D.To check inflow of the money earned out of sale of narcotics

E.All the above

Solutions

1.B

2.A

3.A

4.A

5.E

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