GK Trick

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






5 Banking and SSC : 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 o...

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