Tuesday, 4 October 2016

Banking and Financial Awareness for IBPS/BOM Exams

Q1. Small Coins are - 
(a) Coins with denominations of Re. 1 
(b) Coins with denominations of more than Re. 1 
(c) Coins with denominations of less that Re. 1
(d) All of the above
(e) None of the above

Q2. Which of the following is a Money Market Instrument? 
(a) Call Money 
(b) T-Bills
(c) Collateralized Borrowing and Lending Obligations (CBLO) 
(d) All are Money Market Instruments
(e) None of the above

Q3. Repo borrowings by commercial banks from RBI generally have a tenure of - 
(a) 1 day to 30 days 
(b) 1 day to 90 days
(c) 1 day to 180 days 
(d) 1 day to 365 days 
(e) None of the above

Q4. Which of the following instrument can be issued by any corporate? 
(a) Certificate of Deposits (CDs) 
(b) Commercial Papers (CPs) 
(c) Inter-Corporate Deposits (ICDs)
(d) Gilt-edged securities 
(e) None of the above

Q5. Which financial entities can issue Certificate of Deposits (CDs)?
(a) Scheduled Commercial Banks, excluding RRBs 
(b) Financial Institutions permitted by RBI 
(c) Both (a) and (b)
(d) BSNL
(e) None of the above

Q6. Liability-side of the balance-sheet comprises ______?
(a) Capital and reserve 
(b) Long-term liabilities 
(c) Current liabilities 
(d) All of the above
(e) None of the above  

Q7. Banks can receive deposits from customers up to a maximum period of?
(a) 10 years
(b) 15 years 
(c) 20 years 
(d) 25 years
(e) None of the above  

Q8. Certificate of Deposit (CD) is issued by a commercial bank. Which of the following is true of the Certificate of Deposit ?
(a) it is issued in the form of a receipt
(b) it is issued in the form of a Bill of Exchange 
(c) it is issued in the form of a Demand Promissory Note 
(d) it is issued in the form of usance promissory, at a discount to the face value
(e) None of the above  

Q9. Khandelwal Committee relates to study of ………….. issue in Public Sector Banks? 
(a) Capital Adequacy Ratio 
(b) Human Resources  
(c) Branch Expansion  
(d) Foreign Exchange
(e) None of the above  

Q10. Credit Card related grievances can also be referred to?
(a) Consumer Forum 
(b) Ombudsman
(c) LokAdalat
(d) All of the above
(e) None of the above 

Q11. Proposals for setting up of new banks are under active consideration. Which organisation gives the permission?
(a) RBI
(b) Indian Banks Association
(c) Finance Ministry
(d) Cabinet Committee on Economic Affairs
(e) None of the above

Q12. Which of the following rates is decided by the market conditions and not by RBI?
(a) Bank rate 
(b) SLR
(c) CRR 
(d) Inflation rate
(e) None of the above

Q13. An average citizen cannot open a Savings account in which of the following?
(a) Commercial bank
(b) Post office
(c) Co-operative bank
(d) RBI
(e) None of the above

Q14. As per the existing policy, the Cash Reserve Ratio (CRR) of scheduled banks is fixed at a certain percentage of their NDTL. What is full form of NDTL?
(a) New Demand and Tenure Liabilities
(b) Net Demand and Time Liabilities
(c) National Deposits and Total Liquidity
(d) Net Duration and Total Liquidity
(e) New Deposits and Term Liquidity

Q15. Which of the following rates signals the RBI’s long-term outlook on interest rates?
(a) Repo rate
(b) Reverse repo rate
(c) Bank rate
(d) SLR
(e) CRR

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