GK Trick

Banking Awareness for IBPS RRB

Q1. The seed capital of Bhartiya Mahila Bank is-
(a) Rs. 2000 crore
(b) Rs. 1000 crore
(c) Rs. 4000 crore
(d) Rs. 3000 crore
(e) None of the above

Q2. The process by which a life insurance policyholder can transfer all rights, title and interest under a policy contract to a third person, is known as?
(a) Assignment of the policy
(b) Hypothecation of the policy
(c) Reinvestment of the policy
(d) Negotiation of the policy
(e) Nomination of the policy

Q3. Which of the following institutions is regarded as the ‘Lender of the Last Resort’ by Banks in India?
(a) State Bank of India
(b) The State Treasury
(c) Reserve Bank of India
(d) World Bank
(e) Department of Financial Service

Q4. A bank’s ‘fixed deposit’ is also referred to as a.....?
(a) term deposit
(b) saving bank deposit
(c) current deposit
(d) demand deposit
(e) home savings deposit

Q5. To improve access of the poor to banking, the RBI has advised banks to open branches with minimum infrastructure supporting up to 8 to 10. Business Correspondents (BCs) at a reasonable distance of 3-4 km. Such branches are known as-
(a) nodal branches
(b) micro branches
(c) mini branches
(d) ultra small branches
(e) satellite branches

Q6. The Aadhar-Enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar-enabled basic types of banking transactions do ‘not’ include?
(a) Aadhaar to Aadhaar funds transfer
(b) small overdraft facility
(c) cash withdrawal
(d) balance enquiry
(e) cash deposit

Q7. A type of fraud where in criminals use an innocent person’s details to open or use an account to carry out financial transactions, is known as?
(a) identity theft
(b) hacking
(c) money laundering
(d) espionage
(e) phishing

Q8. The part of a company’s earnings or profits which are paid out to shareholders, is known as-
(a) capital gains
(b) taxes
(c) interest on borrowings
(d) dividends
(e) penal interest

Q9. NABARD is responsible for regulating and supervising the functions of
(a) Investment and Industrial Finance Banks
(b) Cooperative Banks and Regional Rural Banks
(c) Corporate Finance and Overseas Banking Units
(d) Private Sector and Multinational Banks
(e) Reserve Bank of India

Q10. The government of India has announced a ‘Funding for Lending’ scheme. Who are the beneficiaries for this scheme?
(a) Commercial Banks
(b) Regional Rural Banks
(c) Micro-finance Institutions
(d) Finance Departments of the State Governments
(e) None of the above

Q11. Which of the following ministries along with Planning Commission of India has decided to set up a Corpus Fund of Rs. 500 crore, so that Tribals in Naxal-hit areas can be provided proper means of livelihood?
(a) Ministry of Rural Development
(b) Ministry of Home Affairs
(c) Ministry of Tribal Affairs
(d) Ministry of Corporate Affairs
(e) Ministry of Finance

Q12. The term ‘Smart Money’ refers to
(a) Foreign Currency
(b) Internet Banking
(c) US Dollars
(d) Travellers’ Cheques
(e) Credit Cards

Q13. Which one of the following is not a ‘Money Market Instrument’?
(a) Treasury Bills
(b) Commercial Paper
(c) Certificate of Deposit
(d) Equity Shares
(e) None of the above

Q14. Which one of the following is a retail banking product?
(a) Home loans
(b) Working capital finance
(c) Corporate term loans
(d) Infrastructure financing
(e) Export credit

Q15. In the summit of which of the following organizations/group of nations it was decided that all members should enforce Budget Discipline?
(a) G-8
(b) OPEC
(c) European Union
(e) G-20



5 Banking and SSC : Banking Awareness for IBPS RRB Q1. The seed capital of Bhartiya Mahila Bank is- (a) Rs. 2000 crore (b) Rs. 1000 crore (c) Rs. 4000 crore (d) Rs. 3000 crore (e) None ...

No comments:

Post a Comment

< >

Concept Of Science