Banking and Financial Awareness for BOB/IBPS Exams

Q1. Coins which were minted in with the ‘Hand Picture’ are available since
(a) independence
(b) 1965 
(c) 2000
(d) 2005
(e) 2010

Q2. When did RBI demonetise 25 paise coins in the country?
(a) 2010
(b) 2008
(c) 2011
(d) 2009
(e) 2005

Q3. Which of the following banks has opened the country's first "Cash Factory" in Lucknow which will issue currency notes to all its branches and ATM in the area?
(a) Bank of India
(b) Bank of Baroda
(c) State Bank of India
(d) Union Bank of India
(e) None of the above

Q4. Who decides on the value and volume of bank notes to be printed and on what basis?
(a) Finance Ministry
(b) Planning Commission
(c) RBI
(d) Stock exchange
(e) None of the above

Q5. What is the maximum denomination for which coins can be produced in India?
(a) Rs 1000
(b) Rs 10
(c) Rs 100
(d) Rs 50
(e) Rs 5

Q6. The Reserve Bank of India began production of notes in 1938, issuing Rs.25 Rs.10 Rs.1000 notes. Rs 1000 note was re-introduced again in.......?
(a) 1987 
(b) 2000
(c) 2003
(d) 2006
(e) 2010

Q7. One rupee notes bear the signature of..........?
(a) Governor of Reserve Bank of India
(b) Prime Minister of India
(c) President of India
(d) Secretary, Ministry of Finance (Government of India)
(e) None of the above

Q8. Mortgage is a..............?
(a) security on movable property for a loan given by a bank
(b) security on immovable property for a loan given by a bank
(c) concession on immovable property for a loan given by a bank
(d) facility on immovable property for a loan given by a bank
(e) security on immovable property for a deposit received by a bank

Q9. In terms of Section 5(1) (5) of the Banking Regulation Act, 1949, a ‘banking company’ means any company which-
(a) accepts deposits from the public
(b) undertakes lending of money
(c) transacts the business of banking in
(d) All of the above
(e) None of the above

Q10. Which of the following is not a negotiable instrument? 
(a) Cheque
(b) Pay order
(c) Bill of Exchange
(d) All of the above are negotiable instruments
(e) None of the above

Q11. Which of the following is true? 
(a) Surplus funds with banks can be invested in pass through certificates
(b) This will be indirect expansion of credit portfolio
(c) both (a) and (b)
(d) Either (a) or (b)  
(e) None of the above

Q12. EOQ stands for? 
(a) Evaluation-on-Quantity 
(b) Even-on-Quality 
(c) Economic Order Quantity
(d) Economic-on-Quality 
(e) None of the above

Q13. MRO' means? 
(a) Money Rate Over 
(b) Maintenance Repair and Operating 
(c) More Rate Over 
(d) All of the above 
(e) None of the above

Q14. Example of the product line of a Bank is? 
(a) Car loan 
(b) Personal loan 
(c) Home loan
(d) All of the above
(e) None of the above

Q15. The term “MSME” used in banking parlance means _____?
(a) Mini, Small and Medium Enterprises  
(b) Micro, Small and Medium Enterprises
(c) Mini scale Marketing Enterprises  
(d) Medium Scale Marketing Enterprises 
(e) None of the above

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