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Showing posts with label BANKING AWARENESS. Show all posts
Showing posts with label BANKING AWARENESS. Show all posts

Tuesday, June 7, 2016

BANKING QUIZ-18 FOR SBI CLERK & PO

BANKING QUIZ-18  FOR SBI CLERK & PO

1. MICR is used in which industry?
a) Tourism
 b) Hospitality
 c) Banking
 d) All of the above

2. Full form of MUDRA?
A. Medium Units Development and Refinance Authority Bank
B. Micro Units Development and Refinance Authority Bank
C. Medium Units Development and Refinance Agency Bank
D. Micro Units Development and Refinance Agency Bank

3. Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of RBI, head quarter located at in which of the following cities?
A. Bangalore
B. Mumbai
C. Hyderabad
D. Chennai

4. Which of the following markets operations conducted by the RBI with an objective to adjust the rupee liquidity conditions in the market on a durable basis?
A. When Issued Market
B. Capital Market Operations
C. Open Market Operations (OMOs)
 D. None of the Above

5. Which methods are used to control bank rate policy, open market operations, variable reserve requirements employed by RBI as measures of credit control?
A. Qualitative methods
B. Quantitative methods
C. Both (A) and (B)
D. None of the Above

6. ICRA, CRISIL and Standard and Poor’s (S&P) are monitoring which field?
(a) NBFCs
(b) NGOs
(c) Financial Institutions
(d) Credit rating agencies

7. The Nippon Ginko is the Apex Bank of which country?
(a) South Korea
(b) China
(c) Japan
(d) Mayanmar

8. Credit Card related grievances can also be referred to?
(a) Ombudsman
(b) Consumer Forum
(c) Lok Adalat
(d) All of the above

9. Which is not e-banking software?
a. RTGS
b. MICR
c. PIPS
d. SWIFT

ANSWER

1.C, 2.D, 3.B, 4.C, 5.B, 6.D, 7.C, 8.A,
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Friday, June 3, 2016

BANKING QUIZ-16 FOR SBI CLERK & PO

BANKING QUIZ-16  FOR SBI CLERK & PO

1. Dalal Street is?

A. In Kolkata – famous for jute market
B. In Bangalore – famous for race course
C. In Delhi – famous for Kabari (Waste Material) market
D. In Mumbai – famous for stock exchange market


2. Which of the following is an apex regulatory body of the industrial finance?

A. Industrial Development Bank of India
B. Industrial Finance Corporation of India
C. Industrial Credit and Investment Corporation of India
D. Industrial Reconstruction Bank of India

3. The abbreviation of BIFR, in the context of the Indian Industry is_____________.

A. Industrial Investment Corporation of India
B. Bureau of Industrial and Financial Reconstruction
C. Board for Investment and Financial Reconstruction
D. Bureau for Investment and Financial Reconstruction


4. 1st share market of India was established at____________.

A. Delhi
B. Mumbai
C. Kolkata
D. Bangalore

5. What does EQO stand for?

A. Economic-on-Quality
B. Even-on-Quality
C. Economic Order Quantity
D. Evaluation-on-Quantity


6. Who is authorized for issuing coins in India?

A. Ministry of Finance
B. RBI
C.SBI
D. None of these

7. What is an expanded form of IASB?

A. Internal Accounting Standards Bureau
B. Indian Accounting Standards Board
C. Indian Accounts Standards Board
D. International Accounting Standards Board

8.  “Hot money” is the concept of _________.

(A) Money earned through illegal transactions 
(B) The Capital is frequently transferred between financial organization in an attempt to maximize the interest or capital gain
(C) Money used to hoard scarce commodities
(D) Money earned through speculative transactions


9.  “Paper Gold” is a term which is used as_______________.

A) Paper currency fully backed by gold reserve
 B) Paper currency partially backed by gold reserve
 C) Special drawing rights of the IMF
 D) International paper currency fully convertible into gold


10. Which of the following organizations decide the value and volume of bank notes to be printed and on what basis?

A)  Finance Ministry
 B) RBI
 C) Planning Commission
 D) SEBI


ANSWER
1.D, 2.A, 3.C, 4.B, 5.C, 6.A, 7.D, 8.B, 9.C, 10.B
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Wednesday, June 1, 2016

BANNKING QUIZ – 15 FOR SBI CLERK & PO

BANNKING QUIZ – 15 FOR SBI CLERK & PO

1. An electronic dealing and reporting of transactions in government securities was introduced in February 2002. That system is named as NDS. What does NDS stand for_______?

a. Negotiated Dealing System
b. Non-Banking Dealing System
c. Negotiable Debugging system
d. Negotiable Drilling System
e. Both a) and c)

2.  RBI follows which of the following system for issuance of currency?

a. Proportional Reserve System
b. Maximum Reserve System
c. Minimum Reserve System
d. None of the above

3.  What is the full form of TLR?

a. Triple Lock Reception
b. Two Lock Receptacle
c. Two Lock Reception
d. Triple Lock Receptacle

4. Rupee coins are the legal tender in India under the provisions of____________?

(a) Reserve Bank of India Act 1934
(b) Indian Coinage Act 1906
(c) Banking Regulation Act 1949
(d) Negotiable Instruments Act 1881
(e) None of the above

5. Which of the following is NOT a KYC requirement while opening a bank account?

a. A proof of income
b. A proof of address
c. A proof of identity
d. A recent photograph
e. None of these


6. What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?

a. Savings bank deposit
b. Recurring deposit
c. Term deposit
d. Current deposit

7.  Name the micro finance company that becomes the first to start operation as a commercial bank?

a  Paytm Bank
b. Vodafone m-Pesa Bank
c. Bandhan Bank
d. Yes Bank

8. SEBI has been imposed a restriction on money flow in equity through ‘P-notes’. What is the full form of ‘P-notes’?

(a) Participatory notes
(b) Purchase notes
(c) Permanent notes
(d) Private notes
(e) None of these


9. Which commission distributes the taxes between centre and states ?

(a) NITI Ayog
(b) Board of Direct Taxes
(c) National Advisory Council
(d) National Development Counsel
(e) Finance Commission



10. When a country decide to conduct trade on favorable terms with another country for mutual benefits, this is called :

a. MFN Status
b. FTA System
c. Bilateral Trade
d. Counter Trade


ANSWER
1.A, 2.C, 3.D, 4.B, 5.A, 6.C, 7.C, 8.A, 9.E, 10.A
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Monday, May 30, 2016

BANKING QUIZ- 14 FOR SBI CLERK & PO

BANKING QUIZ- 14 FOR SBI CLERK & PO
1. A fixed deposit receipt is kept with the bank for its safety, is known as ___?

1) Valid safe deposit
2) Safe deposit
3) Locker
4) Safe custody
5) None of the above

2. "ASBA" stands for –

1) Application supported by bank account
2) Application supported by blocked amount
3) Application supported by blocked account
4) Application supported by balance account
5) None of these

3. FCCB is an abbreviation of___________

1) Form currency convertible bonds
2) Forex currency convertible bonds
3) Foreign currency convertible bonds
4) Future currency convertible bonds
5) None of these

4. In TRIPS, what does ‘I’ stand for?

1) Infra
2) Information
3) Indian
4) Intellectual
5) None of these


5) Which of the following organizations is the Mutual Fund Market regulator?

(1) AMFI
(2) CIBIL
(3) SEBI
(4) CRISIL
(5) None of these

6) The discounting rate at which RBI borrows government securities from commercial banks is known as

(1) Base Rate        
(2) Reverse Repo
(3) Deposit Rate
(4) Repo Rate
(5) None of th



7. Scheduled bank refers to a bank

(1) Which is included in the second schedule  to the RBI act, 1934
(2) registered with ministry of finance , govt. of India
(3) authorized by central government to transaction government business
(4) incorporated as a cooperative society
(5) none

8. What does Deficit financing mean?

1) Government of India borrows from RBI
2) Government of India borrows from IMF
3) Government of India borrows from SBI
4) Government of India borrows from World Bank
5) None of these.

9. FEMA stands for________________?

(1) Foreign Exchange Money Agency
(2) Foreign Exchange Management Act
(3) Full Exchange money Agency
(4) Foreign Exchange Money Act


10. What is the name of technology given to the computerized clearance of cheque:

1) Automatic clearance
2) Speedline System
3) MICR
4) Special clearing
5) None of the above


ANSWER
1.4,2.2,3.3,4.4,5.3,6.4,7.1,8.1,9.2,10.3
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Thursday, May 26, 2016

BANKING QUIZ- 13 FOR SBI CLERK & PO

BANKING QUIZ- 13 FOR SBI CLERK & PO

1. Reserves which can act as a liquidity buffer for commercial banks during crisis times are– 

(A) CAR
(B) CRR
(C) CAR and CRR
(D) CRR and SLR
(E) SLR

2. For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for? 

(A) Equated Money Index
(B) Easy Money Installment
(C) Equal Monthly Installment
(D) Equated Monthly Installment
(E) Equal Minimum Installment

3. CASA deposits are___________

(A) Special schemes of banks
(B) Term deposits
(C) Hybrid deposits
(D) Recurring deposits
(E) Demand deposits

4. What is the meaning of NAV in financial term?

(A) Net Annual Value
(B) Net Asset Value
(C) Net Actual Value
(D) Non Asset Value
(E) Net Average Value

5. If Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact? 

(A) Less liquidity in the market
(B) No change in the liquidity in the market
(C) More liquidity in the market
(D) Mobilization of more deposits by commercial-banks
(E) None of these

6. Whose signature is found on a 50 rupee currency note in India?

(A) President of India
(B)  Prime Minister of India
(C) Finance Minister
(D) Governor, RBI
 (E) Secretary, Ministry of Finance





7. Almost all banks in our country have introduced facility for granting crop loans to farmers.

(A) Term Loans
(B) Reverse Mortgage
(C) Bank Guarantee
(D) Foreign Exchange
(E) Kisan Credit Cards

8. What is the full form of ‘ECB’ ?
 
(A) External Commercial Borrowing
(B) European Credit Borrowing
(C) External Credit For Business
(D) Essential Commercial Banking
 (E) None of these

9. “The termination of an insurance policy due to non­payment of premium” is technically called as?

A. Death
B. Forfeiture
C. Lapse
D. Seize
E .None of these

10. AMFI stands for _____________

A) Association of Mutual Finance in India
 B) Authority of Mutual Funds in India
C) Amalgamation of Mutual Funds in India
D) Association of Mutual Funds in India
E) None of these


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

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BANKING QUIZ- 12 FOR SBI CLERK & PO

BANKING QUIZ- 12  FOR SBI CLERK & PO

1.“Bulls and Bears” are terms used in?

A.  Commodity markets
 B. Vegetable markets
 C. Bullion markets
 D. Stock exchange


2.The previous name of State Bank of India was?

A.  National Bank of India
 B. Premier Bank of India
 C. Royal Bank of India
 D. Imperial Bank of India

3. Full form of BPO?

A. Budget Product Online
B. Balance of Payment
C. Business Process Outsourcing
D. None of these 

 4. SEBI is a:

A. Advisory body
B. Statutory body
 C.Constitutional body
D. Non-statutory body


5. Which of the following is a form of “Small Savings Bank” popular among the poor or children:

A. Core Banking
B. Credit Banking
C. Piggy Banking
D. Debit Card

6. Which of the following terms is not used in the world of economics/finance:

A. Sinking Fund
B. Open Door Policy
C. Third World
d. none of the above

7. Which of the following is the name of the organization set up to boost overall small finance in India:

A. RBI
B. SEBI
C. NABARD
D. SIDBI


8. Who is to certify that any bill is a Money Bill?

A.Finance Minister
B. Prime Minister
C. Speaker of LokSabha
D.None of the above


9. After how many years the Finance Commission is reconstituted ?
 (A)Once in 2 years
 (B)Once in 3 years
 (C)Once in 5 years
 (D) Once in 10 years

10. A sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves) is called as?
(A) Bonus
 (B)Profit
 (C) Dividend
 (D) Gratification

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

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BANKING QUIZ-11 FOR SBI CLERK & PO

BANKING QUIZ- 13 FOR SBI CLERK & PO

1.The bank which refinances the loans given to the poor and weaker sections to construct or buy houses is
A.) SIDBI
B.) NHB
C.) IDBI
D.) IIBI
E.) None of these

2. Banking sector comes under which sector?
(a) Industrial sector
(b) Manufacturing sector
(c) Realty sector
(d) Services sector
(e) None of these


3. "Doing business report" published by –
A) ADB
B) IMF
C) WORLD BANK
D) WTO
E) None of these

4. The Holidays for the Banks are declared as per which of the following Act –
A) Reserve bank Act
B) Negotiable instrument Act –1881
C) Banking Regulation Act – 1949
D) Companies Act – 1956
E) None of these

5. "De – Mat" account is regulated by –
A) SEBI
B) SBI
C) IRDA
D RBI
E) None of these

6. What is India's Apex Tax body?
A) IT Department
B) GAAR
C) CBDT
D) RBI
E) None of the above

7. What does FSDC stand for?
A) Financial Security and Development Council
B) Fiscal Stability and Development Council
C) Fiscal Security and Development Council
D) Financial Stability and Development Council
E) None of these

8. On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than
A) Rs 25 crore
B) Rs 50 crore
C) Rs 85 crore  
D) Rs 100 crore
E) RS 65 crore

9. Bill of Exchange, Promissory Notes and Cheques are defined as
A) None
B) Trust Receipts
C) Documents of Title to goods
D) Negotiable Instruments
E) Stamped Instruments


10. What are the various means of Electronic Payment Systems?
A) Credit card
B) ATM card
C) Debit card
D) Smart card
E) all of these

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


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