Banking Awareness for IBPS Clerk Mains 2016

Q1. Which of the following is considered an informal method of getting credit/finance?
(a) Internet banking
(b) Branch visits
(c) Going to moneylenders
(d) Telebanking
(e) Other than the given options

Q2. Which of the following is NOT a Public Sector Unit/Undertaking/Agency? 
(a) ECGC 
(b) SEBI
(c) SIDBI 
(d) Axis Bank
(e) BHEL

Q3. Which of the following commissions setup by the President of India decides the distribution of tax incomes between the Central and State Governments?
(a) Central Law Commission
(b) Pay Commission for Government Employees
(c) Administrative Reforms Commission
(d) Planning Commission
(e) Finance Commission

Q4. Nationalization of banks aimed at all of the following except __________ .
(a) Provision of adequate credit for agriculture, SME and exports
(b) Removal of control by a few capitalists
(c) Provision of credit to big industries only
(d) Access of banking to masses
(e) Encouragement of a new class of entrepreneurs

Q5. Which of the following is NOT a foreign bank working in India?
(a) HSBC
(b) Barclays
(c) Standard Chartered
(d) Yes Bank
(e) All of the above are foreign banks

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) Other than the given options  

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) Other than the given options 

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) Other than the given options 

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) Other than the given options  

Q10. Credit Card related grievances can also be referred to?
(a) Consumer Forum 
(b) Ombudsman 
(c) LokAdalat
(d) All of the above
(e) Other than the given options 

Q11. When the rate of inflation increases-
(a) purchasing power of money increases
(b) purchasing power of money decreases
(c) value of money increases
(d) purchasing power of money remains unaffected
(e) amount of money in circulation decrease

Q12. In recent years it has been recognized increasingly that a large segment of the rural population is out of the reach of the formal banking services. Which of the following is the name of the concept floated to bring most of these rural persons in the net of financial and banking services?
(a) Corporate Governance
(b) Financial Inclusion
(c) Wealth Creation
(d) Credit Management
(e) Risk Management

Q13. When the growth of GDP in a country slows down suddenly, people start losing their jobs and the situation continues for several weeks, what name is given to this state of economy (A big country was in this state recently)?
(a) Inflation
(b) Recession
(c) Deflation
(d) Economic boom
(e) Other than the given options

Q14. In economic terms, the total market value of all final goods and services produced in a country in a given year is known as………?
(a) GNI 
(b) GDP
(c) inflation 
(d) PPP
(e) wealth of a nation

Q15. GNP stands for-
(a) Gross National Product
(b) Group Net Product
(c) Grand Nuclear Process
(d) Group Network Process
(e) Other than the given options

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