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Showing posts with label banking gk. Show all posts
Showing posts with label banking gk. Show all posts

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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BANKING QUIZ-30 FOR SBI – PO& IBPS EXAM

BANKING QUIZ -30 FOR SBI – PO& IBPS EXAM

1. MUDRA Bank will deliver loan through which of the following modes?
A. NBFCs
B. MFIs
C. Rural Banks
D. All of the Above

2. Name the Bank Who launches voice password facility for the customers?
A. HDFC Bank
B. ICICI
C. SBI
D. Kotak Mahindra
E. Union Bank of India

3. With which Indian bank Spain's Caixa Bank signed a pact to provide loans to Indo-Spanish joint ventures & local enterprises?
A. ICICI
B. PNB
C. SBI
D. HDFC Bank
E. Union Bank of India

4. Name the Japanese financial company who has announced fully departure of its mutual fund joint venture with insurance giant Life Insurance Corporation of India (LIC)?
A. Nomura
B. Ashinga
C. Vimena
D. Nataly
E. None of the above

5. Which foreign bank has signed a pact with RBI for Information Exchange & Banking supervision?
A. Soft bank
B. Caixa Bank
C. Barclays
D. Federal Reserve
E. Bank of Israel

6. Which public sector bank has been launched “Mingle”, a social media banking platform for Facebook and Twitter users?
A. Dena Bank
B. HDFC Bank
C. Punjab National Bank
D. State Bank of India

7. The State Bank of India(SBI) has tied-up with which e-commerce firm to offer pre-approved EMI facility to shop online?
A. Flipkart
B. Snapdeal
C. Myntra
D. Amazon

8. Which of the following agreement is signed between Reserve Bank of India (RBI) and UAE Central Bank?
A. Currency Swap Agreement
B. Monetary Exchange Agreement
C. Anti-Money Laundering Agreement
D. Rupee Exchange Agreement

9. Name the subsidiary of Tata Teleservices has tied up with IRCTC for easy payment?
A. nCruise
B. mRUPEE
C. kOnline
D. SmartD

10. Which bank has launched ‘Japan Desk’ to facilitate Japanese corporates investing in India?

A. Bank of Baroda
B. Punjab National Bank
C. State Bank of India
D. Dena Bank

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


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Tuesday, July 26, 2016

BANKING QUIZ -29 For IBSP & SBI Bank Exam




BANKING QUIZ -29 For IBSP & SBI Bank Exam
1 Euro money is the official currency of –
NATO
European Union
UN
Germany and England
None of these
Ans. European Union

2 When RBI increases the CRR then what actions are the banks required to take?
Banks are required to increase their lending to the priority sector
They have to deposit additional money with RBI as reserve money
Banks also increase their lending and deposit rates
All the above
None of these
Ans. Banks are required to increase their lending to the priority sector


3 What concept is applied in banking industry such that almost all banks in India are providing special schemes for providing banking services to the rural poor?

Financial inclusion
Investment banking
Priority sector loaning
Trade finance
None of these
Ans. Priority sector loaning

4. The European Central Bank is headquarter located at_________
London, UK
Rome, Italy
Madrid, Spain
Paris, France
None of these
Ans. None of these

5 Fiscal deficit is calculated as_________.
Total expenditure less total receipts excluding borrowing
Total payments less total receipts
Total payments less capital receipts
Total income less Govt. borrowing
None of these
Ans. Total expenditure less total receipts excluding borrowing

6 . Currency Swap is an instrument to manage?
Currency risk
Cash flows in different currency
Currency and interest rate risk
Interest rate risk
None of these
Ans Currency and interest rate risk

7. Euro Bond can be defined as______.
Issued in the European market
A bond denominated in a currency not native to the issuer's home country
Issued in Euro currency
All of the above
None of these
Ans. A bond denominated in a currency not native to the issuer's home country


8. Name an Indian bank launched next generation features on its app ‘iMobile’ which will enable customers to instantly pay taxes and book railway tickets within the app?
Federal Bank
Punjab National Bank
Kotak Mahindra Bank
Bandhan Bank
ICICI Bank
Ans. ICICI Bank

9. Deposits which can be withdrawn by a customer without notice is called ________
Time Deposits
Variable Deposits
Demand Deposits
Low cost Deposits
None of these
Ans. Demand Deposits

10 . IDFC bank is a_______..
Private bank
Payment bank
Development bank
RRB
None of these
Ans. Development bank

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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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BANKING QUIZ -27 For IBPS & SBI Exam 2016



BANKING QUIZ -27 For Government Jobs Exam
1 Name the accord which is closely associated with the reform in banking industry?
Doha accord
Look east policy
Basel accord
Geneva framework
None of these
Ans. Basel accord

2 The foreign exchange reserves of India is maintained by which organization?
RBI
IMF
World bank
Prime minister
None of these
Ans. RBI


3 Reverse Repo Rate can be described as____________.

Absorption of liquidity from the market by sale of government securities
Injecting liquidity by the central bank of a country through purchase of government securities
Balancing liquidity with a view to enhance economic growth rate
Any of above
None of these
Ans. Absorption of liquidity from the market by sale of government securities

4. Name the rate which is decided by the RBI is called “Policy Rate”?
Lending Rate
Loan Rate
Deposit Rate
Cash Reserve Ratio
None of these
Ans. Cash Reserve Ratio

5 Loan given by the banks to farmers/small shop owners etc is known as........?
Corporate loan
Priority sector loan
Business loan
Commercial loan
None of these
Ans. Priority sector loan

6 . The Headquarters of which of the following banks is not in Mumbai?
RBI
Union Bank of India
State Bank of india
Bank of Maharashtra
None of these
Ans Bank of Maharashtra

7. ICRA, CRISIL and Standard and Poor’s (S&P) are maintaining which one of the followings?
NGOs
Credit rating agencies
Financial Institutions
NBFCs
None of these
Ans. NGOs


8. The Nippon Ginko is the Central Bank of which country?
South Korea
China
Japan
Taiwan
None of these
Ans. China

9. “Primary Deficit” define as?
Monetary Deficit minus Interest Payments
Budget Deficit minus Interest Payments
Fiscal Deficit minus Interest Payments
Deficit Financing by 91 day ad hoc treasury bills
None of these
Ans. Budget Deficit minus Interest Payments

10 . Systematic Investment Plans are a facility by which of the following? .
Post office savings schemes
Life insurance companies
Commercial banks
Mutual funds
None of these
Ans. Mutual funds

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BANKING QUIZ -26 For IBPS & SBI EXAMINATION 2016



BANKING QUIZ -26 For ibps & sbi Exam
1 First share market in India was established in which city?
Mumbai
Kolkata
Delhi
Chennai
None of these
Ans. Mumbai

2 Who is the CEO of Bandhan Bank?
Vikram Limaye
Chandra Shekhar Ghosh
Rajiv B. Lall
Narain Chand
None of these
Ans. Chandra Shekhar Ghosh


3 The State bank of India and America’s which financial company have jointly launched a distribution alliance with travel prepaid cards distributor Centrum?

Visa
American Express
MasterCard
Capital One
Amex
Ans. MasterCard

4. Central Co-operative banks work at which level?
Block level
State level
National level
District level
None of these
Ans. District level

5 Which one of the following statements is true regarding rising in the CRR in India?
It increases credit creation
It does not affect credit
It reduces credit creation
It denoted liberal monetary policy
None of these
Ans. It reduces credit creation

6 . Which sector contributes most to the saving in India?
Household sector
Private corporate sector
Export sector
Banking and financial sector
None of these
Ans Household sector

7. The plastic money applies to____
Bank draft made of plastic coated paper
Credit cards mainly issued by the banks
Currency notes printed on plastic coated paper
Currency notes impregnated with plastic thread
None of these
Ans. Credit cards mainly issued by the banks


8. Which bank became the first bank to open its branch in china?
IDBI bank
HDFC bank
Union bank of India
Punjab national bank
SBI
Ans. SBI

9. The banks are required to maintain certain ratio between their cash in hand and total assets. This term is defined as__________.
SLR
SBR
CRR
CBR
None of these
Ans. CRR

10 . The rate of interest at which the RBI lends to commercial banks in the short terms to maintain liquidity is known as___.
Repo rate
Interest rate
Bank rate
Reverse repo rate
None of these
Ans. Repo rate

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Thursday, July 21, 2016

BANKING QUIZ -25 For IBPS &SBI Exam 2016



BANKING QUIZ -25 For Government Jobs Exam
1 Which among of the following are long term corporate bonds that are unsecured in nature?
DCF
Covenant
Debentures
CRAs
None of these
Ans. Debentures

2 An account for which a bank acts as an uninterested third party is termed as _______
Escrow Account
Current Account
Reserve Account
Savings Account
None of these
Ans. Escrow Account


3. ”World Investment Report” is annually published by which organization?

IBRD
UNCTRD
IMF
WTO
None of these
Ans. UNCTRD

4. An account which remains in operative for an extended period of time is called _______.
DEMAT Account
Deposit Account
Nominal Account
Dormant Account
None of these
Ans. Dormant Account

5. Treasury bills are issued in India by ______
Government of India
State Government
RBI
SEBI
None of these
Ans. Government of India

6 . Banking Code & Standards Board of India(BCSBI) set up by which of the following?
SEBI
Ministry of Finance
GOI
RBI
None of these
Ans RBI

7. The law regarding negotiable instruments is working under______________.
The Bill of exchange Act 1881
The Banking Regulation Act 1949
The Negotiable Instruments Act, 1881
Cheques Act, 1881
None of these
Ans. The Negotiable Instruments Act, 1881


8. On a cheque issued by a customer, the words bearer or order are not written. This cheque will be treated as?
A bearer cheque
This is not a negotiable instrument now
This not a valid cheque
An order cheque
None of these
Ans. This is not a negotiable instrument now

9. The process of the total valuation of the financial capital assets of a country is financially called as_______.
Gross Domestic Product
Market Capitalization
Net wealth of the country
Gross Domestic Resources
None of these
Ans. Market Capitalization

10. Export Credit Packing Advance sanctioned to SSI exporters are covered under the credit guarantee scheme of ______?.
ECGC
DICGC
DRI
GIC
None of these
Ans. ECGC

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