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Thursday, August 4, 2016

BANKING QUIZ -31 FOR SBI–PO& IBPS EXAM

BANKING QUIZ-31 FOR SBI – PO& IBPS EXAM

1. Name the e-commerce company has launched ‘Tatkal’ initiative for small and medium businesses?
A. Flipkart
B. Amazon
C. Ebay India
D. Jabong

2. Which among the following is/are products or services developed by the NationalPaymentsCorporation of India (NPCI)?
1. Unified Payments Interface
2. RuPay
3. National Financial Switch
Select the correct answer using the code given
below:

(A) 1, 2 and 3
(B) 1 and 2 Only
(C) 2 and 3 Only
(D) 1 and 3 Only

3. With reference to India economy, consider the following:
1. Public debt
2. Open market operations
3. Bank rate
4. Primary deficit

Which of the above is/are component/components of Monetary Policy?
a) 1 Only
b) 2 and 3 Only
c) 1 and 2 only
d) 1, 3 and 4 only

4. Consider the following statements:
1. When the Reserve Bank of India (RBI) sells government securities to the general public it decreases the stock of high powered money in the economy.
2. The total liability of the RBI is called high powered money, which also consists of currency held by the public.
Which of the statements above is/are correct?
a) 1 Only
b) 2 Only
c) Neither 1 nor 2
d) Both 1 and 2

5. Which of the following is/are covered under the Banking Ombudsman Scheme, 2006?
A.   Scheduled Commercial Banks
B.   Regional Rural Banks
C.   Primary Co-operative Banks
D.   Only A and B
E.   1, 2 and 3

6. In which of the following reserves that can act as a liquidity buffer for commercial banks during their crisis times?
A.   DSLR
B.   Forex Reserves
C.  SLR
D.   Semi SLR
E.   None of these

7. A negotiable money market instrument and issued in dematerialized form or as a Usance P- Note against funds deposited at a bank for a specified time period is known as
A.   Certificate of Deposit
B.   Line of Credit
C.   Cheque
D.   Bill of Exchange
E.   None of these

8. What does the lowering of Bank Rate by the Reserve Bank of India leads to?
A.   Stability liquidity in the market
B.   Less liquidity in the market
C.   More liquidity in the market
D.   None of these
E.   It is dependent on other factors also

9. Which of the following organizations has launched Jeevan Labh scheme?
A) New India Insurance Ltd
B) Life Insurance Corporation of India
C) State Bank of India
D) National Insurance Company Ltd

10. The NABARD has signed a Memorandum of Understanding with which of the following organizations for web-based monitoring of watershed projects?
A) DRDO
B) Geological Survey of India (GSI)
C) ISRO
D) National Remote Sensing Center (NRSC)


ANSWER KEY
1.B, 2.A, 3.B, 4.D, 5.E, 6.C, 7.A, 8.C, 9.B, 10.D
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