BANKING QUIZ -3 FOR SBI CLERK & PO

BANKING QUIZ -3 FOR  SBI CLERK  &  PO

1. Expand the term ALM as used in Banking/Finance sector ? 

(1) Asset Liability Maturity

(2) Asset Liability Management

(3) Asset Liability Manpower

(4) Asset Liability Mismatch

(5) Asset Liability Maintenance

2. Consider the following statements with respect to IFSC code used in Banking System:

A) IFSC Stands for Indian Financial System Code

B) It is 11­digit alphanumeric Unique Code

C) IFSC is used be the NEFT system to route the message to the destination banks/branches.

1.Only A

2.Only B

3.Only C

4.Only B and C

5.All A, B and C

3. Termination of an insurance policy due to non­payment of premium  is technically called as?

1.Death

2.Lapse

3.Forfeiture

4.Seize

5.None of these

4) FAC stands for............

1) Fuel Adjustment Component

2) Food Adjustment Component

3) Full Adjustment Component

4) Free Adjustment Component

5) Fuel Arrangement Component

5. Which is not a money market instrument ?

(1)Treasury Bills 

(2)Commercial Paper

(3)Certificate of Deposit 

(4)Equity Share 

(5)None of these

6. Government securities with terms of more than ONE year are called

(1) Treasury bills

(2) Government bonds 

(3)Bills of exchange 

(4)Capital bills 

(5)All of the above

7. What is full form of SLR in banking term:

(1).Statutory liquidity rate

(2).Statutory liquidity ratio

(3).Statutory liquid rate

(4)Stagnent liquidity ratio

8. The primary relationship between the banker and the customer is that of :

(1) trustee and beneficiary

(2)debtor and creditor

(3) principal and agent

(4)lesser and lessee

9. Which category of accounts are opened under Financial Inclusion:

(1)Senior Citizens Deposit

(2)Super Sever Accounts

(3)No-Frill Accounts

(4)SBI Vishesh

10. The appointments of Banking Ombudsman will be carried out by which of the following?

(1) Finance Ministry

(2) RBI

(3) Govt. of India

(4) SEBI

(5) None of these

ANSWER  KEY

1. 2

2. 5

3. 2

 4. 3

5. 4

6. 1

7. 2

8. 2

9. 3

10. 2

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BANKING AWARENESS QUIZ - 2 FOR UPCOMING SBI –PO & CLERK EXAM

BANKING AWARENESS QUIZ - 2 FOR UPCOMING SBI –PO & CLERK EXAM

1.  What does Deficit financing mean?

A) Government of India borrows from World Bank

a) Government of India borrows from IMF

b) Government of India borrows from SBI

c) Government of India borrows from RBI

d) None of these.

2.  Principal functions of SIDBI:

a) Promotion of SSI

b) Finance of SSI

c) Development of SSI

d) All the above

e) None of these.

3.  An increase in CRR by RBI leads to:

a) Decrease in deposit

b) Increase in deposit

c) Increase in lendable resources

d) Decrease in lendable resources

e) None

4.  Which is incorrect with regard to powers of RBI:

a) Holds cash reserve banks

b) Controls banking system through licensing

c) Supervises Banking system through inspection

d) None of the above

e) All of the above

5. In India, forex rates are determined by:

a) Importers

b) Exporters

c) RBI

d) Ministry of commerce

e) Demand and supply forces

6. In TRIPS, what does ‘I’ stand for?

a) Intellectual

b) Information

c) Indian

d) Infra

e) None of these

7. The term ‘BSR’ refers to

(a) Bank’s selling Rate

(b) Basic Statistical Returns

(c) Annual returns submitted by banks to RBI in respect to priority sector advances

(d) Quarterly statements of advance to agriculture

(e) None of the above

8. Which of the following organizations is the Mutual Fund Market regulator?

(a) AMFI

(b) SEBI

(c) CIBIL

(d) CRISIL

(e) None of these

9. Cash reserve ratio is maintained in the form of

(a) government securities           

(b) balance with RBI 

(c) balance with state bank of India 

(d) all         

(e) none

10.  The drawer of a cheque is always a

(a) bank

(b) company

(c) Firm

(d) customer

(e) none

ANSWER KEY

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

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BANKING AWARENESS QUIZ-1 FOR UPCOMING SBI –PO & CLERK EXAM

BANKING AWARENESS QUIZ-1 FOR UPCOMING SBI –PO & CLERK EXAM

1. WHICH IS NOT A FUNCTION OF GENERAL INSURANCE ?
a) Cattle Insurance
b) Crop Insurance
c) Marine Insurance
d) Fire Insurance
e) Medical Insurance

2. WHAT IS MORTGAGE :
a) Security on movable property for a loan
b) Security on immovable property for a loan
c) Concession on immovable property
d) Facility on immovable property
e) Security on loan sanctioned against fixed deposits

3. A FIXED DEPOSIT RECEIPT KEPT WITH THE BANK FOR ITS SAFETY IS CALLED ?
a) Safe custody
b) Safe deposit
c) Locker
d) Valid safe deposit
e) None of the above

4. WHO AMONG THE FOLLOWING IS THE PRIMARY REGULATOR OF BANKING IN INDIA?
a) Reserve Bank of India
b) Central Government
c) State Government
d) Parliament
e) a and b both the above

5. A COMPANY, WHICH IS NOT A NON  BANKING FINANCIAL COMPANY (NBFC) WANTS TO COLLECT PUBLIC DEPOSITS THEN IT IS GOVERNED BY WHICH ACT:
a) RBI Act 1934
b) Banking companies Act
c) Companies Act 1956
d) Central Government
e) None of the above

6. IN INDIA, IT IS NECESSARY FOR A BANK TO TAKE LICENSE FROM THE RBI FOR OPENING A NEW BRANCH. THIS IS A REQUIREMENT UNDER WHICH ACT
a) Section 22 of banking Regulation Act
b) Section 22 of RBI Act
c) Section 22 of NABARD
d) KYC Guidelines by RBI
e) a and b above

7. WHICH ONE IS NOT THE MOST COMMON OBJECTIVE OF BANKING REGULATIONS ?

A. Systematic Risk Reduction.

B. Credit Allocation

C. Prudential Objectives

D. Market Discipline.

E. None of these

8. FINANCIAL INCLUSION IS ALSO KNOWN AS ?.

A. Social Responsibility of the Banking and Govt. System.

B. Delivery of Financial Services at an affordable cost

C. Delivery of banking services at an affordable cost.

D. All of these

E. None of these

9. WHICH OF THE FOLLOWING IS NOT THE GOVERNMENT SECURITIES?

A. T- Bill.

B. Floating rate Bonds

C. Dated Securities

D. Call/Put Option Bonds.

E. Gilt edged secruities

10. CREDIT GUARANTEE CORPORATION ESTABLISHED IN WHICH YEAR,?

A. 1975

B. 1988

C. 1971

D. 2001
E. 2003

ANSWER

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

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BAKING AWARENESS QUIZ QUESTIONS PART-2

BANKING TEST - 2 

1.     Savings Accounts can be opened by

1)        All individuals fulfilling KY C norms

2)        All tax payers

3)        All individuals above the age of 18

4)        All businessmen

5)        All students below the age of 18

2.     Choose the correct sentence

1)        KYC norms are not applicable for Financial Inclusion

2)        Loans can be granted to students at a low rate of interest

3)        Home loans are not useful for public

4)        NRI customers are not profitable customers

5)        Online marketing is very costly

3.   In a Savings Account, money can be deposited on

1)        Monthly basis

2)        As per the convenience of the depositor

3)        Annual basis        

4)        In one lump sum

5)        Quarterly basis

4.  Which of the following terms is not related to banking?

1)  Repayment     

2)  Loan

3)  NPA                 

4)  Fasting

5)  Deposit

5. Insurance cover for bank deposits in our country is provided by-

1)  SBI                   

2)  Government of India

3)  GIC                   

4)  LIC

5)  DICGC

6. The Headquarters of International Monetary Fund (IMF) is in—

1)  Manila

2)  Paris

3)  Washington DC          

4)  London     

5)  Jakarta

7. What does the letter 'L' stands for in the term LAF commonly used in financial/economic news?

1)  Liquidity                        

2)  Least

3)  Liabilities                    

4)  Long

5)  Liquid

8. Which of the following is not a primary function of a Bank?

1)  Granting Loans

2)  Collecting Cheques/Drafts of customers

3)  Facilitating import of goods

4)  Issuing Bank Drafts

5)  Selling Gold/Silver Coins

9. Which of the following represents correct meaning of 'REPO RATE’?

1)  Rate on which RBI sells Government Securities to Banks

2)  Rate for borrowing rupees by banks from RBI

3)  Rate offered by banks to their prime customers

4)  Rate applicable for grant of priority sector loans

5)  None of these

10.   Which bank is the banker to the Central Government?

1) Central Bank of India

2) Reserve Bank of India

3) Punjab National Bank

4) State Bank of India

5) All of these 

ANSWER

1.     1

2.     2

3.     2

4.     4

5.     5

6.     3

7.     1

8.     3

9.     2

10.2

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BANKING AWARENESS QUESTIONS AND ANSWER PART-1

BANKING TEST -1

1.           Savings Accounts can be opened by

1)        all individuals fulfilling KY C norms

2)        all tax payers

3)        all individuals above the age of 18

4)        all businessmen

5)        all students below the age of 18

2.           Choose the correct sentence

1)           KYC norms are not applicable for Financial Inclusion

2)           Loans can be granted to students at a low rate of interest

3)           Home loans are not useful for public

4)           NRI customers are not profitable customers

5)           Online marketing is very costly

3.           In a Savings Account, money can be deposited on

1)           Monthly basis

2)           As per the convenience of the depositor

3)           Annual basis        

4)           In one lump sum

5)           Quarterly basis

4.           Which of the following terms is not related to banking?

(1) Repayment

(2) Loan

(3) NPA            

(4) Fasting       

(5) Deposit

5.           Insurance cover for bank deposits in our country is provided by-

         (1) SBI              

(2) Government of India
(3) GIC              

(4) LIC

         (5) DICGC

6.           Insurance cover for bank deposits in our country is provided by-

         (1) SBI              

(2) Government of India
(3) GIC              

(4) LIC

         (5) DICGC

7.           The Headquarters of International Monetary Fund (IMF) is in—

(1) Manila                    

(2) Paris

(3) Washington DC     

(4) London     

(5) Jakarta

8.           What does the letter 'L' stands for in the term LAF commonly used in financial/economic news?

        (1) Liquidity                           

(2) Least
(3) Liabilities                           

(4) Long
(5) Liquid

9.           Which of the following is not a primary function of a Bank?

(1) Granting Loans

(2) Collecting Cheques/Drafts of customers

(3) Facilitating import of goods

(4) Issuing Bank Drafts

(5) Selling Gold/Silver Coins

10.      Which of the following represents correct meaning of 'REPO RATE' ?

(1) Rate on which RBI sells Government Securities to Banks

(2) Rate for borrowing rupees by banks from RBI

(3) Rate offered by banks to their prime customers

(4)Rate applicable for grant of  priority sector loans

(5) None of these

ANSWER:

1.    1

2.    2

3.    2

4.    4

5.    5

6.    3

7.    1

8.    3

9.    2

10.  1

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