GK Trick

Current Affairs


1)   RBI has restricted Indian entities from making investments in non cooperative countries and territories as per _________

a. FATF
b. FADF
c. FACF
d. None of the above

2)   Which tableau was adjudged the best at the 68th Republic Day?

a. CISF
b. MOEF
c. MSDE
d. None of the above

3)   A judicial order has challenged which US presidential executive order?

a. Barring entry to 7 Muslim majority countries.
b. Deportation of people from 7 Muslim-majority countries
c. Both of the above
d. None of the above

4)   Roger Federer won which Grand Slam title in the Australian Open?

a. 18th
b. 17th
c. 16th
d. 15th

5)   Alibaba has acquired which American money transfer major, as per an agreement?

a. MoneyGram
b. PayPal
c. PayU
d. Western Union

6)   How many Indian origin persons won Australia's highest civilian honour in 2017?

a. 3
b. 4
c. 5
d. 6

7)   Which HSS event is being recognised by US House of Reps on the 10th anniversary?

a. Surya Namaskar Yajna
b. Health for Humanity Yogathon
c. Both a and b
d. Neither of the above

8)   Telengana government is setting up the first aero skills academy in India in collaboration with which agency?

a. French Aerocampus Aquitaine
b. French Aerocampus
c. French Aerodynamic Aquitaine
d. None of the above


9)   National Immunisation Day was observed on which date?

a. 28th Jan 2017
b. 29th Jan 2017
c. 30th Jan 2017
d. 31st Jan 2017

10)   CWC has signed MoUs with which Indian institutes?

a. IIT Madras
b. IISc Bengaluru
c. IIT Delhi
d. Both a and b







Solutions

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


















5 Banking and SSC : January 2017 1)   RBI has restricted Indian entities from making investments in non cooperative countries and territories as per _________ a.  FAT...

Banking Awareness Quiz

1. The sponsor bank of Paschim Banga Gramin Bank is?
A. IOB
B. OBC
C. Indian Bank
D.UCO Bank
E. United Bank of India

2. Which of the following is the sponsor bank of Vidharbha Konkan Gramin Bank?
A. IOB
B. OBC
C. Indian Bank
D. UCO Bank
E. Bank of India

3. The sponsor bank of Vananchal Gramin Bank is?
A. IOB
B. SBI
C. Indian Bank
D. UCO Bank
E. Bank of India

4. Which of the following is the sponsor bank of Utkal Grameen Bank?
A. IOB
B. SBI
C. Punjab & Sind Bank
D. UCO Bank
E. Bank of India

5. The sponsor bank of Sutlej Gramin Bank is?
A. IOB
B. SBI
C. Punjab & Sind Bank
D. UCO Bank
E. Bank of India

6. Which of the following is the sponsor bank of Pandyan Grama Bank?
A. IOB
B. SBI
C. Punjab & Sind Bank
D. UCO Bank
E. Bank of India

7. The sponsor bank of Pragathi Krishna Gramin Bank is? 
A. IOB
B. Canara Bank
C. Punjab & Sind Bank
D. UCO Bank
E. Bank of India

8. Which of the following is the sponsor bank of Prathama Bank?
A. IOB
B. Canara Bank
C. Punjab & Sind Bank
D. UCO Bank
E. Syndicate Bank

9. The sponsor bank of Purvanchal Bank is?
A. IOB
B. Canara Bank
C. Punjab & Sind Bank
D. SBI
E. Syndicate Bank

10. Which of the following is sponsor bank of Saptagiri Grameena Bank?
A. IOB
B. OBC
C. Indian Bank
D. UCO Bank
E. United Bank of India












Solutions

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







5 Banking and SSC : January 2017 1. The sponsor bank of Paschim Banga Gramin Bank is? A. IOB B. OBC C. Indian Bank D.UCO Bank E. United Bank of India 2. ...

Banking Awareness for NIACL Mains

Q1. What does FSDC stand for?
(a) Financial Security and Development Council
(b) Financial Stability and Development Council
(c) Fiscal Security and Development Council
(d) Fiscal Stability and Development Council
(e) None of the above

Q2. ___________ has been declared the first ‘total banking state’ in India, successfully implementing the total financial inclusion thereby ensuring banking facility to all households.
(a) Maharashtra          
(b) Kerala  
(c) Himachal Pradesh    
(d) Uttarakhand
(e) Gujarat

Q3. RBI has introduced “Marginal Standing Facility” with the objective of:
(a) Controlling Inflation
(b) Containing instability in long term inter-bank rates
(c) Containing instability in the overnight inter-bank rates
(d) All of the above
(e) None of the above

Q4. _____________ are the beneficiaries of the “Reverse Mortgage Scheme”.
(a) Government employees  
(b) Senior citizens
(c) Unemployed persons    
(d) Persons of BPL category
(e) None of the above

Q5. RBI was nationalized in the year-
(a) 1949
(b) 1952  
(c) 1955  
(d) 1964
(e) 1935

Q6. Which of the following is not a measure to control inflation as adopted by Govt. of India and/or RBI?
(a) Monetary Policy  
(b) Fiscal Policy
(c) Financial Inclusion
(d) Price control
(e) Bank Rate Policy

Q7. Current accounts are meant and useful for _____?
(a) Investment purposes  
(b) Identity purposes
(c) Savings purposes
(d) Day-to-day business needs
(e) Operational convenience

Q8. A _____ card is basically a payment mechanism which allows the holder to make purchase without any immediate cash outflows either physically or through his accounts?
(a) Debit
(b) Smart
(c) Credit
(d) ATM
(e) Kisan Credit

Q9. What do we mean by “Demat Accounts” in the financial markets in India?
(a) an account which is opened by the people of the lower income group of society
(b) an account in which trading of shares is done
(c) an account, which can be opened only by the Minors
(d) an account, of the nature of Current account, which can be opened only by the Corporate Houses
(e) None of the above

Q10. The ‘monetary base for credit expansion’ consists of _____?
(a) The total value of ‘high-powered money’
(b) The demand and time deposit liabilities
(c) The size of the deficit in the government’s budget
(d) All of the above
(e) None of the above

Q11. The Negotiable Instruments Act deals with ____?
(a) Cheques, demand drafts, banker’s cheques
(b) Promissory notes, bills of exchange and cheques
(c) Bills of exchange, Cheques and demand drafts
(d) Cheques, demand drafts and saving bank withdrawal forms
(e) None of the above

Q12. “Muhammad Yunus” is associated with Banking Industry and is acclaimed for his contribution in the field of ____?
(a) Micro-finance
(b) Technological advancement
(c) Consumer finance
(d) Banking Reforms in Bangladesh
(e) Low-cost housing

Q13. A NBFC is prohibited to offer or undertake _____?
(a) accept demand deposits
(b) accept time deposits
(c) Lend long term loans
(d) Pay a higher rate of interest on deposits as compared to Banks
(e) None of the Above

Q14. CBS stand for?
(a) Centralised banking system
(b) Computer based Solution
(c) Core banking Solution
(d) Customised banking Solution
(e) None of the Above

Q15. Small Industries Development Bank of India’s Single Window scheme means that a borrower is granted _____?
(a) Both term loan for fixed assets and loan for working capital through the same agency, namely, SFCs or Commercial Banks
(b) Both term and working capital through SIDBI itself  
(c) Both term loan and working capital through IDBI  
(d) All of the above
(e) None of the above












Solutions

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










5 Banking and SSC : January 2017 Q1. What does FSDC stand for? (a) Financial Security and Development Council (b) Financial Stability and Development Council (c) Fiscal ...

Current Affairs

1)   For the first time, which Republic Day Chief Guest is neither head of state nor government in 2017?
a. Sheikh Mohammed bin Zayed Al Nahyan,
b. Crown prince of Abu Dhabi
c. Both of the above are the same
d. Crown prince of Jordan
e. None of the above

2)   What does PMAY-G stand for in terms of rural housing?
a. Pradhan Mantri Aawas Yojana- Grameen
b. Pradhan Mantra Avastha Yojana- Grameen
c. Pradhan Mantri Aawas Yojana- Grahak
d. None of the above
e. All the above

3)   Union Cabinet has approved VPBY 2017 on 23rd Jan 2017. What does it stand for?
a. Vishesh Pension Bima Yojana
b. Varishtha Pension Bima Yojana
c. Vastav Pension Bima Yojana
d. None of the above

4)   What are the features of the Union Cabinet approved IIM Bill 2017?
a. IIMs declared institutions of national importance
b. It enables IIMs to grant degrees rather than diplomas
c. Both of the above
d. Neither of the above

5)   WCD Ministry has released which plan on National Girl Child Day i.e 24th Jan 2017?
a. National Welfare Plan for Children
b. National Welfare Programme for Children
c. National Welfare Scheme for Children
d. None of the above

6)   India and UAE have inked how many agreements to boost bilateral cooperation?
a. 12
b. 13
c. 14
d. 15

7)   How many Kirti chakras have been conferred on the 68th Republic Day 2017?
a. 2
b. 3
c. 4
d. 5

8)   How many Padma Vibhushan awards have been conferred in 2017?
a. 6
b. 7
c. 8
d. 9

9)   Karnataka government has moved an amendment to Prevention of Animal Cruelty Act 1960 by removing which sport?
a. Kambala
b. Jallikattu
c. Bullock carts race
d. Both a and c
e. All the above

10)   Which country issued its first “green bonds” on 24th Jan 2017?
a. Saudi Arabia
b. Germany
c. France
d. None of the above











Solutions

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









5 Banking and SSC : January 2017 1)   For the first time, which Republic Day Chief Guest is neither head of state nor government in 2017? a. Sheikh Mohammed bin Zayed Al N...

Banking Awareness for NIACL Mains

Q1. Refinance facility is provided by NABARD. Which institutions can avail this facility?
(a) State cooperative banks
(b) Regional rural banks
(c) Commercial bank
(d) All of the above
(e) Other than the given options

Q2. Kisan Credit Cards are an effective way of reaching out to the farmers by the banks. What assistance does the farmer receive in this way?
(a) Credit facility for crops etc against an approved limit
(b) Short-term credit facility against value of his crops
(c) Long-term credit is provided against his land holdings
(d) Loan is permissible against crops sold, but payment yet to be received by the farmer
(e) Other than the given options

Q3. Which of the following is true?
(a) NBFCs can accept deposits from the public
(b) NBFCs cannot offer deposit schemes to the public
(c) Deposits of NBFCs are insured with DICGC
(d) NBFCs can accept deposits from public if they are registered and permitted by RBI
(e) Other than the given options

Q4. Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up this ‘Base rate’ for banks?
(a) Individual Banks’ Board
(b) Ministry of Commerce
(c) Ministry of Finance
(d) RBI
(e) Interest Rate Commission of India

Q5. The financial assistance of loans of Rs.10000 by bank to a small borrower will be called..........?
(a) Business finance
(b) Government finance
(c) Micro finance
(d) Small finance
(e) KYC finance

Q6. (The figures in these questions are imaginary). We suppose that Cash Reserve Ratio (CRR) in country’s economy is 10%. The banking system wish a cash deposits of Rs. 1000 Crore, creates total deposits of Rs. 10,000 Crores. The Reserve Bank wishes that bank should create more deposits. Which among the following step will be taken by the Reserve Bank?
(a) It will lower the Cash Reserve Ratio
(b) It will raise the Cash Reserve Ratio
(c) It will increase the Margin Requirements
(d) It will start selling Government Securities
(e) Other than the given options

Q7. Many a times we read in the newspapers that RBI takes certain steps to curb the menace of Inflation. In this context, which among the following will not help RBI in controlling the inflation in the country?
(a) An increase in the Bank Rate
(b) An increase in the Reserve Ratio Requirements
(c) A purchase of securities in the open market
(d) Rationing of the credit
(e) Other than the given options

Q8. We suppose that Reserve Bank of India would like to increase the cash Reserves of the commercial banks. Which among the following would be most appropriate action of the RBI to achieve this aim?
(a) RBI would release gold form its reserves
(b) RBI would raise the reserve ratio
(c) RBI would buy the bonds in the open market
(d) RBI will stop the transactions which involve the bills of exchange
(e) Other than the given options

Q9. Commercial banks are the largest category of financial intermediaries; others include?
(a) Life-insurance companies
(b) Pension funds
(c) Savings and loan institutions
(d) All of the above
(e) Other than the given options

Q10. An average citizen cannot open a Savings account in which of the following?
(a) Commercial bank
(b) Post office
(c) Co-operative bank
(d) RBI
(e) Other than the given options

Q11. Educational for All Development Index is released by -
(a) IMF
(b) World Bank
(c) UNO
(d) WTO
(e) Other than the given options

Q12. Which of the following is/are TRUE about the “Village Gram Bank Scheme”?
(a) The scheme is launched to provide safeguards against Starvation during the period of natural calamities or lean season
(b) The gram banks are set up in food scare areas like drought prone areas
(c) Village Panchayats who were running Village Grain Banks earlier are now not authorized to run
(d) Both (a) and (b)
(e) Other than the given options

Q13. Non-Agricultural Market Access (NAMA) word is related to which organization?
(a) WTO
(b) UNCTAD
(c) IMF
(d) World Bank
(e) NDB

Q14. SEBI is related to _________.
(a) Bank
(b) Government of India
(c) Share Market
(d) State Government
(e) Other than the given options

Q15. The National Planning Council (NPC) was formed on 3rd February ______ to ensure coordination of planning functions of different sectors, to determine national priorities, to provide advice on long term development policies and strategies, to ensure sustainable development of the nation and to ensure balanced and equitable development at provincial level.
(a) 1996
(b) 2992
(c) 2012
(d) 2009
(e) 2002









Solutions

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





5 Banking and SSC : January 2017 Q1. Refinance facility is provided by NABARD. Which institutions can avail this facility? (a) State cooperative banks (b) Regional rural ...

Questions on Economics for Bank Exams

1.India changed over to the decimal system of coinage in ?                                                  
A.April 1995
B.April 1957
C.April 1958
D.April 1959

2.The association of the rupee with pound sterling as the intervention currency was broken in ?
A.1990
B.1991
C.1992
D.1993

3.Gross domestic capital formation is defined as ?                                                
A.flow of expenditure devoted to increased or maintaining of the capital stock
B.expenditure incurred on physical assets only
C.production exceeding demand
D.net addition to stock after depreciation

4.If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to?
A.increase it
B.decrease it
C.no impact
D.None of the above

5.The currency convertibility concept in its original form originated in?
A.Wells Agreement
B.Bretton Woods Agreement
C.Taylors Agreement
D.None of the above

6.States earn maximum revenue through?
A.land revenue
B.custom revenue
C.commercial taxes
D.excise duties on intoxicants

7.Excise duty is a tax levied on the?
A.import of goods
B.export of goods
C.production of goods
D.sale of goods

8.Deficit financing means that the government borrows money from the?
A.RBI
B.local bodies
C.big businessmen
D.IMF

9.Revenue of the state governments are raised from the following sources, except?
A.entertainment tax
B.expenditure tax
C.agricultural income tax
D.land revenue

10.The co-operative credit societies have a?
A.two-tier structure
B.three-tier structure
C.four-tier structure
D.five-tier structure









Solutions

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






5 Banking and SSC : January 2017 1.India changed over to the decimal system of coinage in ?                                                   A.April 1995 B.April 1957 C...

Banking Awareness Quiz

1. Crossing denotes
(1) that the cheque will not be paid across the counter but will be credited to the account of the holder
(2) that the cheque cannot be transferred by the payee named therein
(3) that the cheque will be paid through clearing only
(4) a direction to the paying bank to make payment of the cheque through a bank
(5) none of the above

2. Who is primarily liable on a cheque?
(1) Drawee banker
(2) Drawer
(3) Payee
(4) Collecting banker
(5) none of the above

3. In the case of a demand draft
(1) Drawer, drawee and payee are the same
(2) Drawer, drawee and payee are different
(3) Drawer and drawee are the same but he payee is different
(4) Drawer and payee are the same but the drawee is different
(5) none of the above

4. Demand draft is a
(1) not negotiable instrument
(2) not transferable instrument
(3) negotiable instrument
(4) Quasi-negotiable instrument
(5) none of the above

5. The Kisan Credit Card Scheme is being implemented by all
(1) Public Sector Commercial Banks
(2) Regional Rural Banks
(3) State Cooperative Banks/DCCBs/PACS nad Scheduled Primary Cooperative Banks
(4) All of the above
(5) None of the above

6. By crossing we mean :-
(1) two horizontal lines on a cheque
(2) one straight line across the cheque
(3) two lines across the cheque making ‘X’
(4) two transverse parallel lines on a cheque
(5) none of the above .

7. The following are main objectives of the SEBI :-
(1) to protect interest of investors
(2) to promote the development of security market
(3) to regulate the security market
(4) all of the above
(5) none of the above .

8. Capital market can be divided into:-
(1) industrial securities market
(2) gilt edged market
(3) personal securities market
(4) both 1 and 2
(5) none of the above .

9. Which of the following is correct statement in respect of debit cards :-
(1) Debit card facility is provided to those having savings bank account/current account accounts of individuals, firms and cooperates
(2) This facility is not extended to cash credit/loan account holders
(3) debit card is issued to all the persons who visit the branch
(4) 1 and 2
(5) all of the above .

10. What are the facilities available to the customers through ATM :-
(1) Cash withdrawal subject to a predetermined limit per day
(2) Cash deposit
(3) Balance enquiry
(4) details of certain number of transactions
(5) all of the above.







Solutions

1. 4
2. 2
3. 3
4. 3
5. 4
6. 4
7. 4
8. 4
9. 4
10. 5








5 Banking and SSC : January 2017 1. Crossing denotes (1) that the cheque will not be paid across the counter but will be credited to the account of the holder (2) that th...

Current Affairs

1)   Which bodies will work to develop the India Innovation Index?
a. WEF, Niti Aayog, WIPO, Cornell University
b. IMF, Niti Aayog, WTO, Cornell University
c. IMF, Niti Aayog, WIPO, Cornell University
d. WEF, Niti Aayog, WTO, Cornell University

2)   Government has constituted a negotiation committee for Mahanadi among which states?
a. Odisha, Chhattisgarh, Madhya Pradesh, Maharashtra and Jharkhand
b. Odisha, Chhattisgarh, Madhya Pradesh, Maharashtra and Bihar
c. Odisha, Chhattisgarh, Madhya Pradesh, Maharashtra and UP
d. None of the above

3)   Which ministry has linked an MoU to co regulate ads with ASCI?
a. AYUSH
b. MoEF
c. WCD Ministry
d. MEA

4)   Which is India's biggest aircraft carrier?
a. INS Vikrant
b. INS Virat
c. INS Vikramaditya
d. None of the above

5)   Cooperative banks cannot accept deposits under PMGKY. Which banks can?
a. PSU banks
b. Private banks
c. Banks to which Banking Regulations Act 1949 applies
d. All of the above

6)   Which are the lucky draw schemes for digital payments?
a. Lucky Grahak Yojana
b. Digi Dhan Vyapar Yojana
c. None of the above
d. Both a and b

7)   Which dialects of Hindi are being debated for inclusion in the 8th Schedule?
a. Bhojpuri
b. Rajasthani
c. Both of the above
d. Neither of the above

8)   What does IORA stand for?
a. Indian Olympic Residents Association
b. Indian Ocean Rim Association
c. Indian Ocean Region Association
d. None of the above











Solutions

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








5 Banking and SSC : January 2017 1)   Which bodies will work to develop the India Innovation Index? a. WEF, Niti Aayog, WIPO, Cornell University b. IMF, Niti Aayog, WTO, ...

Banking Awareness for NIACL Mains

Q1. Who is the first Governor of RBI?
(a) C.D.Deshmukh
(b) James Braid Taylor
(c) Osborne Smith
(d) Raghuram Rajan
(e) Other than the given options

Q2. Scheduled Banks of India are those banks, which are?
(a) Included in First Schedule of RBI Act, 1934
(b) Not included in First Schedule of RBI Act, 1934
(c) Included in Second Schedule of RBI Act, 1934
(d) Not included in Second Schedule of RBI Act, 1934
(e) Other than the given options

Q3. Which is not an Associate Bank of SBI?
(a) State Bank of Bikaner & Jaipur
(b) State Bank of Travancore
(c) State Bank of Mysore
(d) State Bank of Rajasthan
(e) Other than the given options

Q4. Which of the following bank is not a private sector bank in India?
(a) Federal Bank
(b) Yes Bank
(c) IndusInd Bank
(d) UCO Bank
(e) Other than the given options

Q5. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)?
(a) ING Vysya Bank
(b) Karur Vysya Bank
(c) Lakshmi Vilas Bank
(d) Jammu and Kashmir Bank
(e) Other than the given options

Q6. Currently, Which of the following combination has female CMDs or heads?
(a) HDFC, ICICI, Axis Bank
(b) ICICI, Axis Bank, Kotak Mahindra Bank
(c) Yes Bank, Kotak Mahindra Bank, SBI
(d) SBI, ICICI, Axis Bank
(e) Other than the given options

Q7. Which one of the following rates is not decided by RBI?
(a) Repo rate
(b) Base rate
(c) Bank rate
(d) Marginal Standing Facility (MSF) rate
(e) Other than the given options

Q8. Which of the following bank is generally not considered as Commercial bank?
(a) Public Sector Bank
(b) Private Sector Bank
(c) Development Bank
(d) Foreign Bank
(e) Other than the given options

Q9. Which of the followings are Development Banks of India?
(a) Industrial Finance Corporation of India (IFCI)
(b) State Finance Corporations (SFCs)
(c) Small Industries Development Bank of India (SIDBI)
(d) All of the above
(e) Other than the given options

Q10. Which bank are Public Sector Banks of India?
(a) More than 50 % stake held by government
(b) 50 % stake held by government
(c) Less than 50 % stake held by government
(d) Less than 25 % stake held by government
(e) Other than the given options

Q11. Which two private sector banks have got license from RBI in 2014?
(a) Bandhan and Yes Bank
(b) Yes Bank and IDFC
(c) IDFC Bank and Bandhan Bank
(d) Axis Bank and ICICI
(e) Other than the given options

Q12. Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by The Banker, the Financial Times Group's monthly publication?
(a) Janet Yellen
(b) Raghuram Rajan
(c) Graeme Wheeler
(d) Mario Draghi
(e) Other than the given options

Q13. Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means?
(a) Sale or purchase of Govt. securities
(b) Issuance of different types of bonds
(c) Auction of gold
(d) All of the above
(e) Other than the given options

Q14. Which bank first introduced Automated Teller Machine (ATM) in India (1987)?
(a) SBI
(b) Punjab National Bank
(c) Federal Bank
(d) HSBC
(e) Other than the given options

Q15. Bank of Rajasthan was merged with which private sector bank?
(a) ICICI Bank
(b) Axis Bank
(c) HDFC Bank
(d) Kotak Mahindra Bank
(e) Other than the given options










Solutions

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






5 Banking and SSC : January 2017 Q1. Who is the first Governor of RBI? (a) C.D.Deshmukh (b) James Braid Taylor (c) Osborne Smith (d) Raghuram Rajan (e) Other than the ...

Questions on Economics for Bank Exams

1. Structural employment arises due to
A) Deflationary Conditions
B) Heavy industry bias
C) Shortage of raw meterials
D) Inadequate productive capacity

 2. National Income estimates in India are prepared by
A) Planning Commission
B) Reserve Bank of India
C) Central statistical organisation
D) Indian statistical Institute

3.The Korba coalfield is located in
A) Orissa
B) West Bengal
C) Chhttisgarh
D) Assam

4.Major coalfields of India are located in the river valley of
A) Damodar
B) Godavari
C) Mahanadi
D) Wardha

5.In India, the state known for its sandalwood is
A) Karnataka
B) Assam
C) Kerala
D) West Bengal

6. Which one of the following is NOT amethod of measurement of National Income
A) Value added method
B) Income method
C) Expenditure method
D) Investment method

7. Which amongst the following states/UTs has Not identified tribal community
A) Chhattisgarh
B) Haryana
C) Maharashtra
D) Karnataka

8.NREGP is the abbreviated form of
A) National Rural Employment Guarantee Programme
B) National Rural Educational Guarantee Programme
C) National Rapid Employment Guarantee Programme
D) National Rapid Educational Guarantee Programme

9. Nuclear energy is a mineral based source, it is derived from
A) Uranium
B) Thorium
C) Plutonium
D) All of these

10. The second Five Year plan was based on
A) Mahalanobis Model
B) Vakil and Brahmananda's Wage -Goods Model
C) Harrod - Domar Growth Model
D) Solow Growth Model

11. Which of the following sectors is NOT considered ' Infrastructure Sector '
A) Software
B) Cement
C) Petroleum
D) Steel

12.The period of Eleventh Five Year Plan is
A) 2005 to 2010
B) 2006 to 2011
C) 2007 to 2012
D) 2008 to 2013









Solutions


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









5 Banking and SSC : January 2017 1. Structural employment arises due to A) Deflationary Conditions B) Heavy industry bias C) Shortage of raw meterials D) Inad...

Banking Awareness for IBPS Clerical and PO Exams

1. Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:
a) 2 years
b) 4 years
c) 5 years
d) 6 years
e) None of the above

2. Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?
a) Bombay Stock Exchange
b) Delhi Stock Exchange
c) Calcutta Stock Exchange
d) Bangalore Stock Exchange
e) None of the above

3. Which of the following is not a function of General Insurance?
a) Cattle Insurance
b) Crop Insurance
c) Marine Insurance
d) Fire Insurance
e) Medical Insurance

4. Liability- side of the balance-sheet comprises:
a) Capital and reserve
b) Long-term liabilities
c) Current liabilities
d) All of the above
e) None of the above

5. Minimum cash reserves fixed by law constitute ___
a) A percentage of aggregate deposits of the bank
b) A percentage of aggregate loans and advances of the bank
c) A percentage of capital & reserves of the bank
d) All of the above
e) None of these

6. Which of the following organizations/ agencies has sought an emergency fund of Rs.1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers?
a) Regional Rural & Cooperative Banks
b) RBI
c) Micro Finance Institutions
d) NABARD
e) None of the above

7. Which of the following types of accounts are known as "Demat Accounts"?
a) Zero Balance Accounts
b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No
other business can be conducted from there
c) Accounts in which shares of various companies are traded in electronic form
d) Accounts which are operated through internet banking facility
e) None of the above

8. Mortgage is a:
a) Security on movable property for a loan
b) Security on immovable property for a loan
c) Concession on immovable property
d) Facility on immovable property
e) Security on loan sanctioned against fixed deposits

9. ___ assumed charge as the Minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014.
a) Gopal Singh
b) Veerabhadra Singh
c) Manoj Tiwari
d) Giriraj Singh
e) Raju Bhai Gandhi

10. Identify the well known person related to Banking field in India from the following?
a) Mrs. Meira Kumar
b) Mrs. Kiran Shaw
c) Mr. Arun Jaitley
d) Dr. D subbarao
e) All of the above









Solutions

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






5 Banking and SSC : January 2017 1. Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a...

Banking Awareness for NIACL

Q1. National Income of India is estimated by?
(a) Central Estimates Survey Committee
(b) National Sample Survey Committee
(c) Central Statistical Organization
(d) Finance Ministry
(e) Other than the given options

Q2. Net National Product is equivalent to-
(a) Gross Domestic Product minus Depreciation
(b) Gross National Product minus Indirect Taxes
(c) Net National Income minus Depreciation
(d) Gross National Product minus Depreciation
(e) Other than the given options

Q3. Nomination facility is available to-
(a) Individuals/Sole Proprietorship accounts/Private Limited Companies
(b) Individuals/Sole Proprietorship Accounts/Partnership Accounts
(c) Individuals/Sole Proprietorship Accounts
(d) All of the above
(e) Other than the given options

Q4. Off Shore Banking Unit is?
(a) a unit which is situated in Foreign country
(b) a unit which is situated in Special Economic Zones and deals in foreign currency only
(c) a unit which is actively participating in lending foreign currency loans and in joint ventures
(d) All of the above
(e) Other than the given options

Q5. Which of the following is the apex authority for Direct Taxes?
(a) CBDT
(b) CBEC
(c) RBI
(d) SEBI
(e) Other than the given options

Q6. If a bank is unable to refund the short term deposits as funds are locked in long term loans, it involves?
(a) Interest Rate Risk
(b) Operational Risk
(c) Liquidity Risk
(d) Market Risk
(e) Other than the given options

Q7. If a cheque presented through the Clearing House is returned unpaid for any reason, the banker has to enclose the cheque to a Returning Memo while returning the instrument to the customer. This provision has been prescribed under...?
(a) Negotiable Instruments Act, 1881
(b) Reserve Bank of India Act, 1934
(c) Banking Regulation Act, 1949
(d) RBI Clearing House Rules
(e) Other than the given options

Q8. If a currency note is demonetized, it takes away the ________ of that currency.
(a) legal tender character
(b) exchange rate
(c) value
(d) All of the above
(e) Other than the given options

Q9. If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the-
(a) Loan Applications Received and Disposal Register
(b) Opinion Reports
(c) Loan Rejection Register
(d) All of the above
(e) Other than the given options

Q10. In case of Term Loans, the period of limitation is calculated as three years from?
(a) Date of documents
(b) Date of sanction
(c) Date of default
(d) Due date of each installment
(e) Other than the given options









Solutions

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







5 Banking and SSC : January 2017 Q1. National Income of India is estimated by? (a) Central Estimates Survey Committee (b) National Sample Survey Committee (c) Central St...

General Economy and Banking Awareness

Q.1. Which ONE of these is a technique useful in project planning?
1. SERT
2. SPERT
3. PERT
4. REPT

Q.2. The brief does NOT contain:
1. background.
2. objectives.
3. reporting details.
4. fees.

Q.3. Marketers often use the term ________ to cover various groupings of customers.
1. people
2. buying power
3. demographic segment
4. market

Q.4. Bread and milk are which kind of products?
1. Specialty Products
2. Convenience products
3. Shopping products
4. Unsought products

Q.5. Parents buy toys for their children act as _______________ in the buying process.
1. Decider
2. Buyer
3. Maintainer
4. All of the above

Q.6. What is the last stage of the consumer decision process?
1. problem recognition
2. post purchase behavior
3. alternative evaluation
4. purchase

Q.7. Which of the following is NOT considered a type of reseller?
1. wholesaler
2. retailer
3. manufacturer
4. distributor

Q.8. The promotion “P” of marketing is also known as ________.
1. Product Differentiation
2. Distribution
3. Cost
4. Marketing Communication

Q.9. The most basic level of a product is called the:
1. core product.
2. central product.
3. fundamental product.
4. augmented product.

Q.10. The four unique elements to services include:
1. Independence, intangibility, inventory, and inception
2. Independence, increase, inventory, and intangibility
3. Intangibility, inconsistency, inseparability, and inventory
4. Intangibility, independence, inseparability, and inventory









 Solutions

1.3
2.4
3.4
4.2
5.4
6.2
7.3
8.4
9.1
10.3








5 Banking and SSC : January 2017 Q.1. Which ONE of these is a technique useful in project planning? 1. SERT 2. SPERT 3. PERT 4. REPT Q.2. The brief does NOT contain: ...

Banking Awareness for NIACL Mains

Q1. Interest on the savings bank accounts is compounded ____?
(a) Daily
(b) Yearly
(c) Quarterly
(d) Half-yearly
(e) All of the above

Q2. The Head of Reserve Bank of India is?
(a) Chief Executive Officer
(b) Managing Director
(c) Chief Banking Officer
(d) Governor
(e) Other than the given options

Q3. Who supplies interest-charts for different maturities and for different rates of interest?
(a) IBA
(b) RBI
(c) Government of India
(d) IBRD
(e) Other than the given options

Q4. Rates of Interest on deposits are determined by ____?
(a) IBA
(b) Ministry of Finance
(c) The Bank Itself
(d) Government of India
(e) Other than the given options

Q5. Current account becomes dormant when there are no withdrawals for the last _____?
(a) 3 months
(b) 6 months
(c) 24 months
(d) 12 months
(e) Other than the given options

Q6. One rupee notes bear the signature of..........?
(a) Governor of Reserve Bank of India
(b) Prime Minister of India
(c) President of India
(d) Secretary, Ministry of Finance (Government of India)
(e) Other than the given options

Q7. Mortgage is a..............?
(a) security on movable property for a loan given by a bank
(b) security on immovable property for a loan given by a bank
(c) concession on immovable property for a loan given by a bank
(d) facility on immovable property for a loan given by a bank
(e) security on immovable property for a deposit received by a bank

Q8. In terms of Section 5(1) (5) of the Banking Regulation Act, 1949, a ‘banking company’ means any company which-
(a) accepts deposits from the public
(b) undertakes lending of money
(c) transacts the business of banking in
(d) All of the above
(e) Other than the given options

Q9. Which of the following is not a negotiable instrument?
(a) Cheque
(b) Pay order
(c) Bill of Exchange
(d) All of the above are negotiable instruments
(e) Other than the given options

Q10. Under the Corporate Debt Restructuring (CDR) mechanism, loan assets of banks have been categorized. Which one of the following statements is not correct?
(a) Assets belonging to Standard and Sub-Standard category come under category I
(b) Assets belonging to Doubtful category come under category II
(c) Assets belonging to Doubtful and Loss categories come under Category II
(d) Out of total Loan Assets, 90 per cent is Standard and Sub-standard and Doubtful is 10 per cent this lot comes under   Category I
(e) Other than the given options

Q11. These days Banks are offering Loans against Property? Under which business segment, this activity may be categorized?
(a) Corporate Banking
(b) Personal Banking
(c) Merchant Banking
(d) Portfolio Management-Services
(e) Other than the given options

Q12. What do we mean by “ECB” in financial terms?
(a) Essential Commercial Borrowings  
(b) Essential Credit & Borrowings
(c) External Credit & Business
(d) External Commercial Borrowings
(e) Other than the given options

Q13. “Currency Swap” is an instrument to manage ____?
(a) Currency Risk
(b) Interest Rate Risk  
(c) Currency and Interest Rate Risk
(d) Cash Flows in different currencies
(e) All of the above

Q14. “Plastic Money” denotes ________?
(a) Bearer cheque
(b) Credit card
(c) Demand Draft  
(d) Traveller’s cheque
(e) Gift cheque

Q15. RBI has recently introduced Cheque Truncation System, which means that ______?
(a) Physical movement of a cheque is stopped between banks and instead an electronic image be exchanged for clearance of funds
(b) The physical movement of a cheque for clearance of funds be made more secure
(c) Issue of cheques to customers be made more secure by introducing more enhanced security features
(d) A new technology to process payments between Banks exclusively
(e) Other than the given options









Solutions

1. (a)
2. (d)
3. (a)
4. (c)
5. (c)
6. (d)
7. (b)
8. (d)
9. (d)
10. (c)
11. (b)
12. (d)
13. (d)
14. (b)
15. (a)









5 Banking and SSC : January 2017 Q1. Interest on the savings bank accounts is compounded ____? (a) Daily (b) Yearly (c) Quarterly (d) Half-yearly (e) All of the above ...

Current Affairs

1)   Which moth has been named after Donald Trump?
a. Neopalpa donaldtrumpi
b. Deopalpa donaldtrumpi
c. Feopalpa donaldtrumpi
d. Teopalpa donaldtrumpi

2)   Which of these diseases are the next potential emergency threat?
a. Lassa fever
b. Nipah virus
c. MERS
d. All of the above
e. None of the above

3)   J&K assembly passed a resolution calling for the return of which community?
a. Kashmiri migrants
b. Kashmiri Pandits
c. Kashmiri Hindus
d. Both a and b
e. None of the above

4)   Who was a pioneer and among the first to study block holes from India?
a. Professor C.V. Vishveshwara
b. Professor C.D. Vishveshwara
c. Professor C.N. Vishveshwara
d. Professor C. T. Vishveshwara

5)   Who has been appointed the next director of CBI?
a. Alok Verma
b. Anil Sinha
c. Anil Verma
d. None of the above

6)   Who is Bulgaria's new president w.e.f 19 Jan 2017?
a. Rumen Radev
b. Bumen Radev
c. Rumen Radec
d. None of the above

7)   Robot journalist ______ debuted on 18 Jan 2017, writing an article in a second.
a. Xiao Nan
b. Miao Nan
c. Ciao Nan
d. None of the above

8)   ISRO has realigned which mission's orbit to prevent impact of long duration eclipse?
a. Mangalyaan
b. Chandrayaan
c. Mars Orbiter Mission
d. Both a and c are the same
e. None of the above











Solutions

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








5 Banking and SSC : January 2017 1)   Which moth has been named after Donald Trump? a. Neopalpa donaldtrumpi b. Deopalpa donaldtrumpi c. Feopalpa donaldtrumpi d. Teopal...

Banking Awareness for IBPS RRB

Q1. Which of the following is a correct statement?
(a) Normally no interest is paid on current deposit accounts
(b) Interest is paid on current  accounts at the same rate as term deposit accounts
(c) The rate of interest  on current  account  and savings account are the same
(d) No interest is paid on any deposit by the bank,
(e) Savings deposits are the same as current deposits

Q2. What do you understand by the term ‘Mortgage’?
(a) Sale of movable security in the event of default by the borrower
(b) Registration of charge with the Registrar of Companies
(c) Making the security of immovable property available as a cover for a home loan by the borrower
(d) Registration of charge with the Regional Transport Authority
(e) Returning of the security to borrower by the bank of receipt of full payment

Q3. Which of the following is NOT a source of funds of a commercial bank?
(a) Capital      
(b) Borrowings from RBI
(c) Call money
(d) Deposits
(e) Cash reserves with RBI

Q4. The Banking Ombudsman is-
(a) is in charge of bank loan for buses
(b) fixes the rates of interest for loans
(c) resolves complaints of customers
(d) issues licences for new bank branches
(e) is the head of all nationalized banks

Q5. “Scheduled bank” means a bank
(a) incorporated under the Companies Act, 1956,
(b) authorized to the Banking business,
(c) governed by the Banking Regulation Act, 1949,
(d) Included in the Second schedule to the Reserve Bank of India Act 1934
(e) None of the above

Q6. For filing and resolving customer complaints the banking Ombusdsman-
(a) charges a fee of 500/- ,
(b) does not charge any fee
(c) charges a fee of 1500/-
(d) charges a fee of 1000/-,
(e) None of the above

Q7. How many banks are presently associated  of State Bank of India?
(a) Eight  
(b) Seven
(c) Six  
(d) Five
(e) Four

Q8. To use smart  cards/ debit cards/ credit cards for the  purchase of an item or for payment of a service of a merchant’s  store, the card has to be swiped in a terminal known as:
(a) Point of Sale terminal
(b) Real time terminal
(c) Shopping  terminal
(d) All of the above,
(e) None of the above

Q9. A bank account in which a depositor can deposit his funds any number of times he likes and can also withdraw the same any number of times he/she wishes is called and normally no interest is paid on that account?
(a) Fixed deposit account
(b) Saving account
(c) Current Account
(d) Recurring account
(e) None of the above

Q10. Any note, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable is a/an
(a) Mutilated note
(b) Imperfect note
(c) Soiled note
(d) Mismatched note
(e) None of the above

Q11. Expand the term ALM as used in Banking/ Finance sector:
(a) Asset Liability Management
(b) Asset Liability Maturity
(c) Asset Liability Mismatch,    
(d) Asset Liability Manpower
(e) Asset Liability Maintenance

Q12. For repayment of loan availed from Banks/ NBFC we come across a term known as EMI.  What does it stand for?
(a) Equated Money index
(b) Easy Money Installment
(c) Equated Monthly Installment
(d) Equal Monthly Installment
(e) Equal Minimum Installment










Solutions

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


5 Banking and SSC : January 2017 Q1. Which of the following is a correct statement? (a) Normally no interest is paid on current deposit accounts (b) Interest is paid on c...

Banking Awareness for IBPS RRB

Q1. We have read in the newspapers that the Government of India has signed a DTAA to broaden the scope of article of exchange of information to include exchange of banking information. What does DTAA stand for?
(a) Double taxation article agreement
(b) Double taxation avoidance agreement
(c) Double taxation avoidance arrangements
(d) Dual tax agreement arrangement
(e) None of the above

Q2. Which of the statements mentioned below is/are correct?
1. T-bills are issued by the Government of India on behalf of the RBI
2. T-bills are short-term money market instruments
3. T-bills cannot be purchased by a resident of India
(a) All are correct      
(b) 2 & 3 are correct
(c) Only 2 is correct
(d) Only 3 is correct
(e) None of the above

Q3. What purpose does the MICR number, which is present on a cheque, serve?
(a) It is used to identify the genuineness of the cheque
(b) It is used to identify the bank branch
(c) It is nothing but a type of cheque number
(d) Both (a) and (b)
(e) None of the above

Q4. In TRIPS, what does ‘I’ stand for?
(a) Intellectual  
(b) Information  
(c) Indian    
(d) Infra
(e) International

Q5. Insurance companies use the bank sales channels to sell their products. Which of the following terms describes this selling process?
(a) Scheduled banking    
(b) Scheduled Insurance
(c) Bankinsuring              
(d) Bancassurance
(e) None of the above

Q6. Which of the following acts is useful in controlling HAWALA transactions?
(a) FEMA Act  
(b) RBI Act  
(c) DICGC Act  
(d) Banking Regulation Act
(e) None of the above

Q7. What does the term SME stand for?
(a) Small and Micro Enterprises    
(b) Small and Medium Enterprises
(c) State and Medium Economy  
(d) Small and Medium Economy
(e) None of the above

Q8. CAMELS’ is a type of Bank Rating System. In CAMELS, what does ‘C’ stand for?
(a) Currency              
(b) Compensation
(c) Capital Adequacy  
(d) Capitalisation
(e) None of the above

Q9. In banking parlance, ‘NPA’ stands for?
(a) Non Performing Asset  
(b) Net Producing Asset
(c) Net Performing Asset  
(d) Not Promoting Asset
(e) None of the above

Q10. LAF is an indirect instrument of monetary policy, which is used by RBI to regulate the liquidity in banking system. ‘LAF’ stands for-
(a) Liquidity Adjustment Facility
(b) Liquidity Account Facility
(c) Liquidity Allotment Facility    
(d) Long Adjustment Feature
(e) None of the above

Q11. Often, we read in the newspapers that several Indian companies are taking the FCCB route to raise capital. What does the term FCCB stand for?
(a) Foreign Currency Convertible Bond  
(b) Foreign Convertible Credit Bond
(c) Financial Consortium and Credit Bureau
(d) Future Credit and Currency Bureau
(e) None of the above

Q12.  _____________ are NOT a part of the Scheduled Banking structure in India.
(a) Money lenders          
(b) Public sector banks
(c) Private sector banks
(d) Regional rural banks
(e) None of the above













Solutions

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





5 Banking and SSC : January 2017 Q1. We have read in the newspapers that the Government of India has signed a DTAA to broaden the scope of article of exchange of informatio...

Banking Awareness for IBPS

Q1.  What does FSDC stand for?
(a) Financial Security and Development Council
(b) Financial Stability and Development Council
(c) Fiscal Security and Development Council
(d) Fiscal Stability and Development Council
(e) None of the above

Q2. ___________ has been declared the first ‘total banking state’ in India, successfully implementing the total financial inclusion thereby ensuring banking facility to all households.
(a) Maharashtra          
(b) Kerala  
(c) Himachal Pradesh    
(d) Uttarakhand
(e) Gujarat

Q3. RBI has introduced “Marginal Standing Facility” with the objective of:
(a) Controlling Inflation
(b) Containing instability in long term inter-bank rates
(c) Containing instability in the overnight inter-bank rates
(d) All of the above
(e) None of the above

Q4. _____________ are the beneficiaries of the “Reverse Mortgage Scheme”.
(a) Government employees  
(b) Senior citizens
(c) Unemployed persons    
(d) Persons of BPL category
(e) None of the above

Q5. RBI was nationalized in the year-
(a) 1949  
(b) 1952  
(c) 1955    
(d) 1964
(e) 1935

Q6. Which of the following is/are associated with the fiscal policy?
1. Marginal Standing Facility
2. Devaluation of Currency
3. Market Stabilization Scheme
(a) 1 & 2    
(b) Only 3  
(c) 2 & 3    
(d) Only 2
(e) None of the above

Q7. ______ is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets.
(a) Statutory Liquidity Ratio (SLR)  
(b) Cash Reserve Ratio (CRR)
(c) Statutory Reserve Ratio          
(d) Cash Ratio
(e) Marginal Standing Facility (MSF)

Q8. The exchange rate in India is dependent upon:
1. Government policy
2. Demand-supply forces
3. Monetary policy objectives
(a) Only 2    
(b) 2 & 3  
(c) 1 & 2  
(d) 1, 2 & 3
(e) None of the above

Q9. Collateralized Borrowing and Lending Obligation (CBLO) is a/an ________.
(a) Money Market Instrument  
(b) Instrument of Monetary Policy
(c) Type of Risk Cover  
(d) Stock Market Instrument
(e) None of the above

Q10. Often, we read in newspapers that the RBI has changed the Repo rate and the Reverse Repo rate by a few basis points. What is a basis point?
(a) Ten % of one hundredth point  
(b) One hundredth of 1
(c) One tenth of 1%                    
(d) Ten % of 100
(e) None of the above

Q11. Banks generally don’t pay interest on money deposited in which of the following accounts?
(a) Savings account        
(b) Current account
(c) Fixed deposit account  
(d) All of the above
(e) None of the above

Q12. ‘Fiat Money’ is defined as the money which is
(a) Accepted internationally
(b) Accepted temporarily in lieu of gold
(c) Issued by keeping gold or silver as deposit
(d) Decreed as money by the government
(e) None of the above

Q13. Demand-pull inflation can be caused by which of the following?
(a) A decline in consumption expenditure
(b) A sharp increase in lending rates
(c) A steep decline in income tax
(d) An increase in direct taxation
(e) None of the above

Q14. RBI isn’t expected to perform the role of-
(a) Acting as a clearing house
(b) Working as a banker to the government
(c) Managing forex
(d) Accepting deposits from general public
(e) None of the above

Q15. Who decided on the quantity of coins to be minted?
(a) The Government of India
(b) RBI
(c) Either (a) or (b)
(d) All of the above
(e) None of the above











Solutions

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








5 Banking and SSC : January 2017 Q1.  What does FSDC stand for? (a) Financial Security and Development Council (b) Financial Stability and Development Council (c) Fiscal...

Banking Awareness for SBI PO/Clerk

1. Chairman of Banks are decided by
(a) Commerce Ministry
(b) RBI
(c) Finance Ministry
(d) Corporate Ministry
(e) None of these

2. A customer desiring to do permitted banking transactions through ATM needs to have
(a) ATM card or debit card/credit card (if compatible with the ATM function)
(b) Personal identification number (PIN), allotted by the bank while issuing ATM /Debit card/credit card
(c) Both (a) and (b)
(d) Smartphone
(e) None of the above

3. Which of the following steps is not required by the user for withdrawing money from ATM?
(a) Inserting ATM card in the card slot
(b) Entering PIN
(c) Entering account no
(d) All of the above
(e) None of the above

4. Credit cards are cards which are also known as
(a) Plastic cards
(b) Card money
(c) Plastic cards full of money
(d) All of the above
(e)None of the above

5. The Basic Committee has defined capital in two Tiers (Tier-I and Tier-II). Tier-I capital is known as
(a) Net capital
(b) Gross capital
(c) Working capital
(d) Core capital
(e) None of these

6. What is the full form Of FEMA
(a) Foreign Exchange Money Agency
(b) Foreign Exchange Money Act
(c) Full Exchange money Agency
(d) Foreign Exchange Management Act

7. A money Bill can originate-
(a) In either house of the parliament
(b) Only in Lok Sabha
(c) Only in Rajya Sabha
(d) Only in a joint sitting of 2 houses

8. Headquarters of World Bank
(a) New York
(b) Washington DC
(c) Geneva
(d) Vienna

9. Which one of the following is not an electronic banking delivery channel?
(a) Mobile Vans
(b) Mobile Phone Banking
(c) Internet Banking
(d) Tele Banking
(e) ATM

10. A centralized database with online connectivity to branches, internet as well as ATM- network which has been adopted by almost all major banks of our country is known as?
(a) Investment Banking
(b) Core Banking
(c) Mobile Banking
(d) National Banking
(e) Specialized Banking










Solutions

1. c
2. c
3. c
4. a
5. d
6. d
7. b
8. a
9. a
10. b






5 Banking and SSC : January 2017 1. Chairman of Banks are decided by (a) Commerce Ministry (b) RBI (c) Finance Ministry (d) Corporate Ministry (e) None of these ...
< >

Concept Of Science