Monday, 29 August 2016

Banking and Financial Awareness for RBI/IBPS Exams

Q1. A saving Bank Deposit Account is one where? 
(a) Amounts are deposited and are withdraw as per requirement of the customers
(b) The deposits are made only once in a year 
(c) Periodical Fixed amount are deposited month wise and withdrawals are allowed after a fixed    period 
(d) All of the above
(e) None of the above

Q2. Personal Banking includes? 
(a) Deposits 
(b) Insurance 
(c) Investment 
(d) All of the above
(e) None of the above

Q3. Micro Finance is related to? 
(a) Poor class
(b) Rich class 
(c) Industry 
(d) All of the above
(e) None of the above

Q4. BPO stands for? 
(a) Budget Product Online 
(b) Balance of Payment 
(c) Business Process Outsourcing
(d) All of the above
(e) None of the above 

Q5. Which of the following is the body/agency set up by Government of India to increase the flow of foreign investment in the country? 
(a) FEMA 
(b) FCCB 
(c) NSDL 
(d) FIPB
(e) None of the above

Q6. The major shareholders in Asset Reconstruction Company of India Limited (ARCIL) other than SBI are? 
(a) IDBI &Canara Bank
(e) None of the above

Q7. The minimum and maximum court fee that is required to be paid for filing a suit in a Debt Recovery Tribunal is?
(a) Rs. 5,000; Rs. 1,00,000
(b) Rs. 10,000; Rs. 1,00,000
(c) Rs. 12,000; Rs. 1,50,000
(d) All of the above
(e) None of the above

Q8. The practice of reducing NPAs through cross-lending to square off loans from bank is known as? 
(a) “Ever-Greening” of advances
(b) “Take Over” of advances 
(c) Compromise Settlement 
(d) All of the above
(e) None of the above

Q9. The risks involved in paying a post-dated cheque are? 
(a) the drawer may issue other cheques which bear a date prior to the date of such a cheque and if the balance is insufficient, the bank may be held liable
(b) an Attachment Order may be received attaching the balance in the account
(c) the drawer may stop payment  
(d) All of the above
(e) None of the above

Q10. The single largest component of external debt is? 
(a) Commercial borrowings
(b) Multilateral debt 
(c) Short term debt
(d) NRI deposits 
(e) None of the above

Q11. National Income of India is estimated by?
(a) Central Estimates Survey Committee 
(b) National Sample Survey Committee 
(c) Central Statistical Organization
(d) Finance Ministry 
(e) None of the above

Q12. Net Interest Income means? 
(a) Interest generated from bank's assets less interest paid on liabilities
(b) Interest earned on advances 
(c) Miscellaneous Income
(d) All of the above
(e) None of the above 

Q13. PannirSelvam Committee Report relates to?
(a) Customer service 
(b) Exposure Norms 
(c) Frauds 
(d) NPAs
(e) None of the above 

Q14. Perpetual Non-Cumulative Preference Shares are part of? 
(a) Tier-I Capital
(b) Tier-II Capital 
(c) Both A and B 
(d) All of the above
(e) None of the above  

Q15. To revitalize RRBs, the Central Government has taken some significant steps. One of these is not such a step?
(a) made SARFAESI Act applicable to RRBs
(b) permitted RRBs to accept NRI deposits 
(c) permitted RRBs for Branch Expansion 
(d) RRBs can undertake Insurance Business
(e) None of the above  

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