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Tuesday, July 26, 2016

BANKING QUIZ – 28 For IBPS & SBI Bank Exam



BANKING QUIZ – 28 For IBPS & SBI BANK Exam
1 In India, which of the following agency is maintaining the Foreign Trade Policy?
RBI
Ministry of Commerce and Industry
Foreign Ministry
EXIM-Bank
None of these
Ans Ministry of Commerce and Industry

2 What is an Indian Depository Receipt?
A denominated in Indian currency and are issued by a domestic depository and the underlying equity shares are secured with a custodian
A deposit account with any of depositories in India
A deposit account with a Public Sector Bank
United Nations Organization
None of these
Ans. A denominated in Indian currency and are issued by a domestic depository and the underlying equity shares are secured with a custodian


3. As per the instructions given by the RBI, all banks are required to provide which of the following in all it's branches mandatorily?

Service sector
Special Counters for Senior Citizens
Note Sorting Machines
All of the above
None of these
Ans. Note Sorting Machines

4. Which among of the following terms is NOT used in the field of Banking & Finance?
Overdraft
CBS
RTGS
Base Line
None of these
Ans. Base Line

5 The module of the total valuation of the financial capital assets of a country is technically known as?
Net wealth of the country
Gross Domestic Product
Market Capitalization
Gross Domestic Resources
None of these
Ans. Net wealth of the country

6 . Which of the following is NOT the part of the organized sector in Indian Money Market?
Chit funds
Non-Banking Financial Companies
Unit Trust of India
Mutual Funds
None of these
Ans Chit funds

7. The Food and Agriculture Organization (FAO) is an agency of the?
United Nations Organization
World Bank
Asian Development Bank
Ministry of Agriculture Govt. of India
None of these
Ans. United Nations Organization


8. The special drawing right granted by the International Monetary Fund to its member countries is called _______________.
Cold money
Hot money
Paper gold
Soft money
None of these
Ans. Paper gold

9. Who decided the limits on cash withdrawal at ATMs and for purchase of goods and services?
SBI
RBI
Government
SEBI
Issuer Bank
Ans. Issuer Bank

10 . What is the mandate for banks for issuing Magnetic stripe cards or Chip-based cards?.
Mag-strip and CVV number
EVM Chip and pin enabled
EVM chip and finger prints
Mag-strip and finger prints
None of these
Ans. EVM Chip and pin enabled

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