Monday, 15 August 2016

Banking and Financial Awareness for RBI/IBPS Exams

Q1. Which of the following is an example of cash less purchase?
I.  Internet Banking
II. Credit Card
III. Debit Card
(a) Only I
(b) Only II
(c) Only I and II
(d) All of the above
 Q2. Through which of the following Indians are not authorised for banking?
(a) Online
(b) Mobile 
(c) Phone
(d) Video Conferencing

Q3. The term “Balance of Trade” means?
(a) A point where the values of imports and exports are equal  
(b) The term is used with reference to bilateral trade agreements with countries of CIS Block
(c) The difference between the value of the imports and exports of a country 
(d) The difference between the total of transactions with foreign countries in trade, services and capital

Q4. Currency Swap is an instrument to manage?
(a) Currency risk 
(b) Interest rate risk 
(c) Currency and interest rate risk 
(d) Cash flows in different currency

Q5. “Sub-prime” refers to?
(a) Lending done by banks at rates below PLR
(b) Funds raised by the banks at sub-Libor Rates 
(c) Group of banks which are not rates as prime banks as per Banker’s Almanac 
(d) Lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards

Q6. Many a time we read a term MSS in relation to banking transactions. What is the full form of MSS?
(a) Money Stabilization Scheme 
(b) Market Stabilization Scheme 
(c) Maturity and Standardization Service 
(d) Money Stabilization Service 

Q7. RBI’s open market operation transactions are carried out with a view to regulate?
(a) Liquidity in the economy 
(b) Prices of essential commodities 
(c) Inflation 
(d) All of the above

Q8. Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means?
(a) Sale or purchase of Govt. securities
(b) Issuance of different types of bonds 
(c) Auction of gold 
(d) None of the above 

Q9. The bank rate means?
(a) Rate of interest charged by commercial banks from borrowers 
(b) Rate of interest at which commercial banks discounted bills of their borrowers 
(c) Rate of interest allowed by commercial banks on their deposits 
(d) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks

Q10. What is an Indian Depository Receipt?
(a) A deposit account with a Public Sector Bank 
(b) A deposit account with any of depositories in India 
(c) A denominated in Indian currency and are issued by a domestic depository and the underlying equity shares are secured with a custodian
(d) None of the above 

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