Thursday, 15 September 2016

Banking and Financial Awareness for BOB/IBPS Exams

Q1. In a company the use of price sensitive corporate information by the Company – people to make gains or cover losses is known as?
(a) insider trading 
(b) future trading 
(c) foreign trading 
(d) stock trading 
(e) None of the above

Q2. Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
(a) Certificate of Deposits 
(b) Bonds 
(c) Stocks
(d) Commercial Papers
(e) None of the above

Q3. Which of the following committees has given its recommendations on “Financial Inclusion”? 
(a) Rakesh Mohan Committee 
(b) Rangarajan Committee 
(c) Sinha Committee 
(d) All of the above
(e) None of the above

Q4. 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.
(a) Only I
(b) Only II
(c) Only III
(d) All of the above
(e) None of the above

Q5. 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?
(a) Probability risk
(b) Market risk 
(c) Inflation risk 
(d) All of the above
(e) None of the above 

Q6. The formal institutional credit delivery system in rural India comprises of which of the following?
I. Co-operativ Banks
II. Commercial Banks 
III. Regional Rural Banks 
IV. Self Help Groups  
(a) Only I and II
(b) Only III and IV
(c) Only I, II and IV
(d) All of the above
(e) None of the above 

Q7. The Reserve Bank of India has recently issued guidelines to banks on Pillar 2 of Basel II framework. Pillar 2 deals with which of the following?
I. New Capital Adequacy Framework 
II. HR Management
III. Better profitability with minimum number of employees 
(a) Only I
(b) Only II
(c) Only III
(d) None of the above
(e) None of the above 

Q8. Which of the following is NOT a department of the Ministry of Finance, government of India?
(a) Department of Economic Affairs 
(b) Department of Expenditure 
(c) Department of Revenue 
(d) Department of External Affairs
(e) None of the above 

Q9. Which of the following is the example of product diversification of Bank? 
(a) Credit Card 
(b) International Credit Card 
(c) Debit Card 
(d) All of the above
(e) None of the above 

Q10. Which of the following is/are different categories of inflation?
I.  Wage Push 
II. Cost push 
III. Demand pull
(a) Only I
(b) Both I and II
(c) Both II and III
(d) All of the above
(e) None of the above 

Q11. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purposes?
(a) Kisan Credit Card
(b) Personal Loan 
(c) Business Loan 
(d) Only (a) and (b)
(e) None of the above 

Q12. 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?
(a) Capital Accounts Convertibility 
(b) Financial Deficit Management 
(c) Minimum Support Price 
(d) All of the above 
(e) None of the above

Q13. A customer wishes to purchase some US dollars in India. He/she should go to?
(a) Public Debt Division of the RBI only 
(b) American Express Bank only 
(c) RBI or any branch of a bank which is authorized for such business 
(d) Only (b) and (c) 
(e) None of the above

Q14. 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?
(a) Personal Loan 
(b) Corporate Loan 
(c) Educational Loan
(d) Mortgage Loan
(e) None of the above 

Q15. 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? 
(a) Preventive Vigilance 
(b) Compliance 
(c) Corrective 
(d) Detective 
(e) None of the above

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