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Saturday, October 1, 2016

BANKING QUIZ - 55 FOR IBPS-PO & CLERK EXAM

BANKING QUIZ - 55 FOR IBPS-PO & CLERK EXAM

1. The early growth of merchant banking in the country is assigned to the ________?
FEMA
Securities Contracts Act
Foreign Exchange Regulation Act, 1973
Income-tax Act
None of the above

2. ___________ is calculated by taking fund’s total assets, securities, cash and any accrued earnings, deducting the liabilities and dividing the remainder by number of units outstanding.
Non Performing Assets Value
Asset Liability Management
Net Liquid Value
Net Asset Value

3. Which type of banking associated with transaction held directly between customers and there are no other transaction with another corporations and banks?
Retail Banking
Wholesale Banking
Merchant Banking
Shadow Banking

4.  The full form of RBS is?
Rating by System
Risk Based Supervision
Role Based Supervision
Rating Bank Security

5. Which among the following is the First Decentralized ledger currency?
LITECOIN
NAMECOIN
BITCOIN
PPCO

6. Which one of the following is called as initial repayment holiday given to a borrower for repayment of loan?
Amortization
Subvention
Moratorium
None of the above

7.  What does RBI regulate through Open Market Operation Transactions?
Liquidity in economy
Flow of Foreign Direct Investment
Borrowing powers of the banks
Inflation

8.  KYC guidelines followed by the banks have been framed on the recommendations of the?
Ministry of Home Affairs
Reserve Bank of India
Ministry of Rural Development
Indian Banks Association
Financial Intelligence Unit

9. In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms. What is full form of “LLP” as used in this reference?
Local Labour Promotion
Low Labour Projects
Limited Loan Partnership
Limited Liability Partnership
Longer Liability Partnership

10. An extra tax that may be added to the existing tax calculation is –
Service Tax
Sales Tax
Surcharge
All of the above
None of the above




Answer Key
1.C, 2.D, 3.A, 4.B, 5.C, 6.C, 7.A, 8.B, 9.D, 10.C,


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