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Banking Awareness Questions for IBPS RRB PO and Clerk 2018

Q1. Savings account with zero balance can be opened for?
 Persons of high net worth
 Employees of IT companies
 financial Weaker sections of society
 Companies
 None of the given options is true

Q2. RBI stipulates a healthy mix of CASA in the business figures of banks. What does it denote?
 Customer Analysis and Savings Pattern
 Cost Appreciation and Selling Analysis
 Current Account and Savings Account
 Credit and Savings Aggregate
 None of the given options is true

Q3. Banks are authorized to sell third party products. Which are these products?
 Mutual funds
 Term deposits
 Credit cards
 Demand Draft
 None of the given options is true

Q4. How does a bank establish the identity of a customer?
 By getting introduction of an existing customer
 By following KYC norms
 By taking AADHAR card copy
 All of the above
 None of the given options is true

Q5. How are minors encouraged to save money by banks?
 By opening account in the name of minor
 By allowing savings account to minors under guardianship
 By allowing them to come to the bank for depositing money
 By going to schools
 None of the given options is true

Q6. Which one of the following does not qualify as priority sector lending by commercial banks?
 Software exports
 Small business loans
 Education loans
 Small industries loan
 Agriculture

Q7. Bank loan against property requires the asset to be free from encumbrances. What does it mean?
 The asset to be free from any liability
 The asset to be properly registered
 The property to be fully constructed
 The asset should not have multiple owners
 None of the given options is true

Q8. Which of the following lending qualifies as a priority sector loan?
 Loan for purchase of gold for marriage of daughter
 Loan for consumer durables
 Housing loan
 Loan for purchase of tractor
 None of the given options is true

Q9. Which of the following rates is decided by the market conditions and not by RBI?
 Bank rate
 SLR
 CRR
 Inflation rate
 Repo Rate

Q10. Credit information companies are preparing credit reports on borrowers for sharing with banks to enable them to take proper credit decisions. What is the most important feature of this report about individual borrowers?
 Personal credit score
 List of banks from whom loans have been taken
 The total amount of loans availed
 The amount of outstanding loan
 None of the given options is true

Q11. What do you understand from the statement ‘Cast credit account against hypothecation of stocks’?
 Borrowing account for purchase of raw materials
 Borrowing account for working capital against security of stocks
 Working capital loan account against security of stocks in possession of the borrower
 Borrowing account for working capital where the stocks of the borrower are in custody of the bank/lender
 None of the given options is true

Q12. Base rate of lending was introduced by RBI to substitute the prime lending rate mechanism for fixing of interest rate on bank loans and advances. What is the reason for this decision of RBI?
 To exercise greater control of RBI over banks
 In accordance with Damodaran Committee recommendations
 To improve banks’ profitability
 For effective transmission of monetary policy changes and greater transparency
 None of the given options is true

Q13. Reverse mortgage loans are meant to provide liquidity for the senior citizens. Which of the following is a proper description of this facility?
 Banks make either monthly payments or a lump sum payment to the senior citizen
 The senior citizen has to surrender the property after 15 years
 The legal heirs cannot repay the loan amount in case of death of the senior citizen
 All of the above
 None of the given options is true

Q14. Debt restructuring is often mentioned when discussing about banks’ credit portfolio. What does it suggest?
 The loan portfolio of banks is classified according to the amount of each loan
 Irregular loan accounts are assisted to regularize with modification in terms and conditions of the loan sanction
 Asset classification into performing and non performing accounts
 Substandard loan accounts are given further loans
 None of the given options is true

Q15. Banks are not comfortable in lending to the infrastructure sector. What are the reasons for this?
 Banks find it difficult to fund infrastructure projects of 15 years and more
 Infrastructure projects require large scale funding
 Infrastructure financing becomes a asset liability problem for banks
 All of the above
 None of the given options is true









SOLUTIONS

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

5 Banking and SSC : Banking Awareness Questions for IBPS RRB PO and Clerk 2018 Q1. Savings account with zero balance can be opened for?  Persons of high net worth  Employees of IT companies  financial Weaker section...

1 comment:

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