Monday, 20 June 2016

Banking Current Affairs Quiz for SBI/IBPS Exams

1. In a company the use of price sensitive corporate information by the Company – people to make gains or cover losses is known as?
insider trading
future trading
foreign trading
stock trading
None of the above

2. Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
Certificate of Deposits
Commercial Papers
None of the above

3. Which of the following committees has given its recommendations on “Financial Inclusion”?
Rakesh Mohan Committee
Rangarajan Committee
Sinha Committee
All of the above
None of the above

4. Which of the following correctly describes what sub-prime lending is? I. Lending to the people with less than ideal credits status. II. Lending to the people who are high value customers of the banks. III. Lending to those who are not a regular customer of a bank.
Only I
Only II
Only III
All of the above
None of the above

5. The actual return of an investor is reduced sometimes as the prices of the commodities go up all of a sudden. In financial sector this type of phenomenon is known is?
Probability risk
Market risk
Inflation risk
All of the above
None of the above

6. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purposes?
Kisan Credit Card
Personal Loan
Business Loan
Only (a) and (b)
None of the above

7. Which of the following policies of the financial sectors is basically designed to transferring local financial assets into foreign financial asset freely and at market determined exchange rates?
Capital Accounts Convertibility
Financial Deficit Management
Minimum Support Price
All of the above
None of the above

8. A customer wishes to purchase some US dollars in India. He/she should go to?
Public Debt Division of the RBI only
American Express Bank only
RBI or any branch of a bank which is authorized for such business
Only (b) and (c)
None of the above

9. Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation?
Personal Loan
Corporate Loan
Educational Loan
Mortgage Loan
None of the above

10. A Bank/Financial Organisation these days relies heavily on e-commerce for its transaction. As a part of system security, it has introduced organisation’s security awareness manual. This step of the organisation can be classified under which one of the following categories of measures for a business?
Preventive Vigilance
None of the above


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