Wednesday, 23 November 2016

Banking Awareness for IBPS Clerk 2016

Banking-&-Financial-Awareness-Quiz-for-IBPS-Exams


Q1. Interest on the savings bank accounts is compounded ____?
(a) Daily
(b) Yearly 
(c) Quarterly
(d) Half-yearly
(e) All of the above

Q2. The Head of Reserve Bank of India is?
(a) Chief Executive Officer 
(b) Managing Director 
(c) Chief Banking Officer 
(d) Governor
(e) None of the above

Q3. Who supplies interest-charts for different maturities and for different rates of interest?
(a) IBA
(b) RBI
(c) Government of India
(d) IBRD
(e) None of the above

Q4. Rates of Interest on deposits are determined by ____?
(a) IBA
(b) Ministry of Finance 
(c) The Bank Itself
(d) Government of India
(e) None of the above

Q5. Current account becomes dormant when there are no withdrawals for the last _____?
(a) 3 months
(b) 6 months
(c) 24 months
(d) 12 months
(e) None of the above

Q6. A cheque becomes stale after _____?
(a) 2 months
(b) 3 months
(c) 6 months
(d) 12 months
(e) None of the above

Q7. Bank conducts Government business at its branches as an agent of _____?
(a) RBI
(b) SBI
(c) Government of India
(d) State Government  
(e) None of the above

Q8. Foreign exchange Reserves of India are kept in the custody of ______?
(a) World Bank
(b) International Monetary Fund 
(c) Prime Minister RahatKosh
(d) Reserve Bank of India
(e) None of the above

Q9. What is meant by Repo Rate?
(a) At what rate of interest banks offer the funds to Reserve Bank of India. 
(b) At what rate of interest World Bank offer the funds to Central Government for not less than the period of 364 days. 
(c) At what rate of interest banks borrow the funds from Reserve Bank of India for short term.
(d) At what rate of interest banks borrow the funds from the other banks for long term.
(e) At what rate of interest central government barrow the funds from the other banks for long term.

Q10. At present, the Repo Rate is ____?
(a) 6.75 percent
(b) 8.25 percent
(c) 7.00 percent
(d) 6.25 percent
(e) 8.00 percent

Q11. Reverse Repo Rate means that _____?
(a) the rate at which RBI borrows money from Central Government.  
(b) the rate at which state governments borrows money from banks.
(c) the rate at which RBI borrows money from banks.
(d) the rate at which RBI borrows money from State Government. 
(e) the rate at which RBI borrows money from World bank.

Q12. Certificates of Deposit are money market instruments and their maturity period is between seven days to ______ for commercial banks.
(a) 45 days
(b) 3 months
(c) 6 months
(d) 1 year
(e) None of the above

Q13. Currency notes printed that are deposited in the currency chest are the property of ______?
(a) Respective bank
(b) RBI
(c) SBI
(d) Government of India
(e) Respective State Government

Q14. Which of the following notes cannot be exchanged?
(a) Solid notes
(b) Mismatched notes 
(c) Mutilated notes  
(d) All of the above 
(e) None of the Above

Q15. Spurious coins detected at the counter are sent to ______?
(a) Mint  
(b) Government of India
(c) RBI
(d) IBRD
(e) None of the above











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