GK Trick

Banking Awareness Questions for IBPS

Q1. Which Act was framed specially to deal with Non-Performing Assets (NPA)?
(a) Banking Regulation Act 1949
(b) Foreign Exchange Management Act(FEMA) 1999
(c) Industrial Disputes Act 1947
(d) SARFAESI Act, 2002
(e) None of the given options is true

Q2. In Notice Money Market, the tenor of the transactions is from ________
(a) 2-7 days
(b) 2-14 days
(c) 2-21 days
(d) 2-28 days
(e) 2-90 days

Q3. An Asset Reconstruction Company (ARC) in India is associated with-
(a) UCPDC
(b) DICGC
(c) NPA
(d) Home Loan
(e) None of the given options is true

Q4. Which of the following is mainly used by the banks in order to meet their temporary requirement of Cash on a daily basis?
(a) Commercial Paper
(b) Certificate of Deposit
(c) Collateralized Borrowing and Lending Obligations (CBLO)
(d) Call Money
(e) None of the given options is true

Q5. ___________ is a voluntary market body for the bond, money and derivatives markets.
(a) RBI
(b) SEBI
(c) IRDAI
(d) FIMMDA
(e) UIDAI

Q6. Cheque which is truncated during the course of clearing cycle is called __________
(a) Stale Cheque
(b) Mutilated Cheque
(c) Self Cheque
(d) Truncated Cheque
(e) None of the given options is true

Q7. Person named in the instrument to whom or to whose order the money is to be paid is known as-?
(a) Drawer
(b) Drawee
(c) Payer
(d) Payee
(e) Receivable

Q8. National Housing Bank (NHB), a wholly owned subsidiary of the central bank (RBI) was established in 1988 under the-
(a) National Housing Bank Act, 1987
(b) National Housing Bank Act, 1988
(c) National Housing Bank Act, 1986
(d) National Housing Bank Act, 1985
(e) None of the given options is true

Q9. The Banking Ombudsman Scheme was introduced under __________ of the Banking Regulation Act, 1949 by RBI with effect from 1995.
(a) Section 25A
(b) Section 35A
(c) Section 45A
(d) Section 15A
(e) Section 55A

Q10. National Housing Bank (NHB), is an apex financial institution for housing, having headquarters in-?
(a) Mumbai
(b) New Delhi
(c) Bengaluru
(d) Hyderabad
(e) Kolkata

Q11. ___________ is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.
(a) NEFT
(b) RTGS
(c) NPCI
(d) BBPS
(e) IMPS

Q12. The Central Office of the Reserve Bank was initially established in Calcutta (now Kolkata) but was permanently moved to Mumbai in-
(a) 1949
(b) 1937
(c) 1943
(d) 1945
(e) 1934

Q13. The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under which act?
(a) Companies Act, 1956
(b) Negotiable Instruments Act, 1881
(c) Reserve Bank of India Act, 1934
(d) Banking Regulation Act, 1949
(e) None of the given options is true

Q14. A facility under which scheduled commercial banks can borrow additional amount of overnight money from the Reserve Bank by dipping into their Statutory Liquidity Ratio (SLR). It is called?
(a) Repo Rate
(b) Reverse Repo Rate
(c) Bank Rate
(d) Marginal Standing Facility (MSF)
(e) Liquidity Adjustment Facility (LAF)

Q15. National Housing Bank (NHB) was set up on ______________ under the National Housing Bank Act, 1987.
(a) 01st July 1956
(b) 02nd October 1976
(c) 01st January 1934
(d) 21st May 1956
(e) 09th July 1988













 SOLUTIONS

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

5 Banking and SSC : Banking Awareness Questions for IBPS Q1. Which Act was framed specially to deal with Non-Performing Assets (NPA)? (a) Banking Regulation Act 1949 (b) Foreign Exchange Managem...

No comments:

Post a Comment

< >

Concept Of Science