Thursday, 30 June 2016

Banking and Financial Awareness for SBI / IBPS Exams




1. The definition of the priority sector was first formalised in 1972 by?
Planning Commission
National Development Council
Reserve Bank of India
Ministry of Finance, Government of India

2. Liquidity ratio is fixed by the Reserve Bank of India under the powers conferred on it by?
Reserve Bank of India Act, 1934
Companies Act, 1956
Banking Regulation Act, 1949
Special Powers given by the Union Ministry of Finance

4. The largest number of commercial banks’offices are located in?
Karnataka
Maharashtra
Tamil Nadu
Uttar Pradesh

4. Which of the following is not a member of the World Bank Group?
International Bank of Reconstruction and Development
International Development Association
Bank of International Settlement
International Finance Corporation

5. Every bank wishing to commence banking business in India is required to obtain a licence from?
Government of India, Ministry of Finance
Government of India, Company Law Board
Reserve Bank of India
Registrar of Companies

6. Which of the following state shows the fastest growth in expanding Micro Finance business in the country?
Gujarat
Andhra Pradesh
Maharashtra
Karnataka

7. The process of credit Derivative involves?
The Protection Seller guarantees payment of principal and interest or both of the Asset owned by        the Protection Buyer in case of credit default
The Protection Buyer pays a premium to the Protection Seller
Both A and B
None of the above

8. Which of the following rates decided by the RBI is called “Policy Rate”?
Lending Rate
Cash Reserve Ratio
Deposit Rate
None of the above

9. Loan given by the banks to farmers/small shop owners etc is known as........?
Corporate loan
Business loan
Priority sector loan
Commercial loan

10. The Head Office of which of the following banks is in Mumbai?
Punjab National Bank
Bank of Maharashtra
UCO Bank
Union Bank of India

               


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