BANKING QUIZ -37 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -37 FOR IBPS-PO &CLERK EXAM

1. A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as

(1) Universal Banking

(2) A Direct Bank

(3) Door Step Bank

(4) Indirect Bank

(5) Unit Banking

2. The Aadhar-enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar- enabled basic types of banking transactions do ‘not’ include

(1) Aadhaar to Aadhaar funds transfer

(2) Balance enquiry

(3) Cash withdrawal

(4) Small overdraft facility

(5) Cash deposit

3. The arrangement under which banks sell insurance products acting as the agents of the respective companies are called the

(1) Insurance joint venture

(2) Hybrid Insurance Model

(3) Bancassurance Model

(4) Insurance Broking

(5) Integrated Model

4. The concept of ‘Micro Credit’ essentially concentrates on

(1) Provision of credit to the poor

(2) Providing safe place to hold savings

(3) Accepting deposits

(4) Consumption smoothening as and when needed

(5) Facility to transfer money

5. An Equity share is also commonly referred to as

(1) Preferred stock

(2) Debenture

(3) Convertible share

(4) Security receipt

(5) Ordinary share

6. Which of the following institutions is regarded as the ‘Lender of the Last Resort’ by Banks in India?

(1) State Bank of India (SBI)

(2) Reserve Bank of India (RBI)

(3) The State Treasury

(4) World Bank

(5) Department of Financial Services (DFS)

7. To improve access of the poor to banking, RBI has advised banks to open branches with minimum infrastructure supporting up to 8 to 10 Business Correspondents (BC) at a reasonable distance of 3-4 km. Such branches are known as

(1) Nodal branches

(2) Micro branches

(3) Ultra small branches

(4) Mini branches

(5) Satellite branches

8. Which of the following services relate to execution of transactions directly with consumers, rather than corporations or other banks?

(1) Retail Banking Services

(2) Industrial Banking Services

(3) Investment Banking Services

(4) Corporate Banking Services

(5) Wholesale Banking Services

9. Financial activities tax and Financial stability contribution is proposed by?

1) G-8

2) SAARC Summit (second)

3) G-20

4) SAARC Summit (First)

5) None of the above

10. Bank for International Settlements (BIS) has its headquarters in

1.   Basel, Switzerland

2.   Tashkent, Uzbekistan

3.   Manila, Philippines

4.   Washington D.C., USA

5.   Beijing, China

ANSWER KEY

1.2, 2.4, 3.3, 4.1, 5.5, 6.2, 7.3, 8.1, 9.3, 10.1,

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SBI PO INTERVIEW NOTES 1.1 AND 1.2

Those who are going to appear in SBI PO interview round can download these two most important file related to the SBI PO interview Notes. 

SBI PO INTERVIEW NOTES 1.1

SBI PO INTERVIEW NOTES 1.2

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DAILY CURRENT AFFAIRS QUIZ – 19,20 AUGUST

DAILY CURRENT AFFAIRS QUIZ – 19,20 AUGUST

1. Union Government launched the TARANG mobile application to

a)    Track power transmission projects

b)    Receive complaints from telecom users

c)    Monitor central sector schemes

d)    Facilitate business to business services

2. Which international quasi-judicial body recently banned wrestler Narsingh Yadav for four years following an appeal by World Anti-Doping Agency?

a)    United States Merit Systems Protection Board

b)    Court of Arbitration for Sport

c)    International Narcotics Control Board

d)    None of the above

3. The State Bank of India Board approved merger of this bank with itself

a)    Kotak Mahindra Bank

b)    Yes Bank

c)    Bharatiya Mahila Bank

d)    Canara Bank

4. Who won the men’s 200m gold in the 2016 Rio Olympics?

a)    Adam Gemili

b)    Michael Johnson

c)    Colin Jackson

d)    Usain Bolt

5. With which country India signed a short-term route agreement for petroleum products?

a)    Nepal

b)    Afghanistan

c)    Bangladesh

d)    Bhutan

6. Union Ministry of Power launched the e-Trans web portal to

a)    Track power availability for farmers

b)    Facilitate e-bidding of projects

c)    Develop green energy corridors

d)    Facilitate monitoring of thermal power plants

7. Who was selected for 2016 Sangeet Martand Ustad Chand Khan Lifetime Achievement Award?

a)    Satish Vyas

b)    Tarun Bhattacharya

c)    Shiv Kumar Sharma

d)    Bhajan Sopori

8. What was the theme of the World Humanitarian Day that was observed on 19 August 2016?

a)    The World You’d Rather

b)    Inspiring the World's Humanity

c)    Shared Humanity

d)    One Humanity

9. Name the world’s largest airship that recently made its maiden voyage in England.

a)    Airlander 5

b)    Airlander 11

c)    Airlander 10

d)    Airlander 8

10. Name the Indian female wrestler who won the bronze medal in the 58 kg category at the Olympic Games in Rio.

a)    Geeta Phogat

b)    Sakshi Malik

c)    Geetika Jakhar

d)    Geeta Singh

ANSWER

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

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REASONING QUIZ-52 FOR SBI PO & IBPS- PO

REASONING QUIZ-52 FOR SBI PO & IBPS- PO

 Study the following information carefully to answer the given questions (1-5).

Eight people Le, Ma, Ni, Ox, Pn, Qg, Rs and St are sitting around a circular table with equal distance between each other but not necessarily in the same order. Some of them are facing the centre while some are facing outside.(i.e away from the centre)

- Ma sits third to the left of Le. Only three people sit between Ma and St. Pn sits to the immediate right of St.

- Immediate neighbours  of Pn face opposite directions(i.e. if one neighbour faces the centre then the other neighbour faces outside and vice-versa.) Only one person sit between Pn and Ox.

- Rs sits second to the right of Ox. Both Rs and Ni face the same direction as St (i.e if St faces the centre then Rs and Ni also faces the centre and vice-versa.)

- Immediate neighbours of Qg faces opposite directions (i.e if one neighbours faces the centre then the other neighboccur faces outside and Vice-versa.)

- Pn does not face outside. Ox faces a direction opposite to that of Ma.

1. How many people sit between Le and Qg when counted from the right of Qg?

A. Five

B. None

C. Foccur

D. One

E. Two

2. Which of the following are facing outside in the above seating arrangement?

A. Ox,St,Le,Ni

B. Pn,St,Ma

C. Rs,Qg,Ox,Ma

D. None of the given options is true

E. Ni,Le,Og,Ox

3. Who amongst the following sits third to the left of Pn?

A. Qg

B. Ni

C. Ma

D. Le

E. Rs

4. How many people face the centre as per the given arrangement?

A. Fourth

B. Three

C. Two

D. One

E. More than four

5. What will come in place of question mark (?) in the given series based on the positions as given in the arrangement?

Pn Rs, Le Ox, Ma St, Ni ?

A.Qg

B. St

C. Ni

D. Ox

E. Le

Directions (6 – 10): Answer the questions on the basis of the information given below.

A number arrangement machine when given an input of words, rearranges them following a particular rule in each step. The following is an illustration of input and steps of rearrangement.

Input  :  20 merge 85 61 occur done 32 cut 43 16 set next

Step 1 :  16 merge 85 61 occur done 32 cut 43  set next 20

Step 2 :  32 16 merge 85 61 occur done cut set next 20 43

Step 3 :  61 32 16  merge occur done cut set next 20 43 85

Step 4 :  cut 61 32 16  merge occur set next 20 43 85 done

Step 5 :  merge cut 61 32 16 occur set 20 43 85 done next

Step 6 :  occur merge cut 61 32 16  20 43 85 done next set

And Step 6 is the last step of the above input. As per the rules followed in the above step, find out the approximate step for the given input.

Input:  rest taste 76 51 appoint 27 in 13 hype 35 90 east

6. How many steps are required to complete the rearrangement for the given input?

A.6

B.7

C.4

D.5

E. None of these

7. In which step ‘taste appoint in hype east’ found in the same order?

A. Step 5

B. Step 2

C. Step 4

D. Step 3

E. None of these

8. What is the position of ‘13’ in the fifth step from the left end?

A. Sixth

B. Fifth

C. Fourth

D. Seventh

E. None of these

9. Which element is exactly between ‘in’ and ‘27’ in the fourth step of the given arrangement?

A. rest

B. appoint

C.51

D. hype

E.13

10. Which step would be the following input?

Hype appoint 76 35 13 rest taste 27 51 90 east in

A. Step 6

B. Step 3

C. Step 5

D. Step 2

E. None of these

ANSWER

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

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BANKING QUIZ -36 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -36 FOR IBPS-PO &CLERK EXAM

1.Which of the following was implemented by National Payments Corporation of India (NPCI) for Banks, Financial Institutions, Corporates etc.,?

1.  National Automatic Cleared House (NACH)  

2.   National Automatic Clearing House (NACH)

3.   National Automated Cleared House (NACH)

4.   National Automated Clearing House (NACH)

5.   National Automated Cleaning House (NACH)

2. India’s first ‘talking’ ATM located in which of the following cities?

1.   Kolkata

2.   Pune

3.   Ahmedabad

4.   New Delhi

5.   Mumbai

3. Banks’ mandatory lending to farmers for agriculture, micro and small enterprises and other weaker sections where in banks are required to lend up to 40% of the loans is generally described as

(1) Priority sector lending

(2) Sub-prime lending

(3) Retail lending

(4) Non-priority sector lending

(5) Para banking

4. A bank’s ‘fixed deposit’ is also referred to as a

(1) savings bank deposit

(2) term deposit

(3) current deposit

(4) demand deposit

(5) home savings deposit

5. The process by which a life insurance policyholder can transfer all rights, title and interest under a policy contract to a third person is known as

(1) Assignment of the policy

(2) Hypothecation of the policy

(3) Nomination of the policy

(4) Negotiation of the policy

(5) Reinvestment of the policy

6. The Fair Practice Code for Credit Card Operations in the banking industry has been evolved by

(1) Indian Banks’ Association (IBA)

(2) Reserve Bank ofIndia (RB I)

(3) National Institute of Bank Management (NIBM)

(4) Banking Ombudsman (BO)

(5) Banking Codes and Standards Board of India (BCSBI)

7. ATM is an electronic tele-communication device that helps bank customers perform financial transactions. The letter A in the abbreviation ATM stands for

(1) Automated

(2) Anywhere

(3) Anytime

(4) Advance

(5) Account

8. CVV is an anti-fraud security feature that helps verify that the customer is in posession of her card. The abbreviation of CVV stands for

(1) Card Virtual Valuation

(2) Card Verification Value

(3) Confidential Virtual Verification

(4) Core Virtual Value

(5) Coded Vulnerability Value

9. Which of the following concepts of banking involves booking of web-enabled touch point for basic banking services?

(1) Extension Conters

(2) Retail Banking

(3) Satellite Banking

(4) Kiosk Banking

(5) Mobile Banking

10. Based on the recovery of the dues, banks are required to classify non-performing assets (NPAs) in the books of the bank under the categories

(1) Substandard, Doubtful and Loss Assets

(2) Standard, Doubtful and Written-Off Assets

(3) Standard, Substandard and Doubtful Assets

(4) Standard, Doubtful and Loss Assets

(5) Substandard, Doubtful and Bad Debts

ANSWER KEY

1.4, 2.3, 3.1, 4.2, 5.3, 6.5, 7.1, 8.2, 9.4, 10.1,

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DAILY CURRENT AFFAIRS: 20 AUG 2016

DAILY CURRENT AFFAIRS: 20 AUG 2016

(Daily News India)

Shared By: WWW.DailyGk.IN

1. UP ANNOUNCES RANI LAXMI BAI AWARD FOR SAKSHI MALIK

i. The UP government will honour wrestler Sakshi Malik with Rani Laxmi Bai award.

ii. The award carries a cash prize of Rs. 3.11 lakh.

iii. The 23-year-old won the bronze in the 58-kg category wrestling in olympics.

2. GOVT SLAPS RS 2,500 CRORE PENALTY ON RELIANCE INDUSTRIES

i. Government of India has slapped an penalty of USD 380 million on Reliance Industries and its partners for producing less than targeted natural gas from KG-D6 fields.

ii. The total penalty for missing the target in 5 fiscal years beginning April 1, 2010, now stands at USD 2.76 billion.

3. FEDERAL BANK STARTS DISTRIBUTING MMTC GOLD COINS

i. Federal Bank has become the first private sector bank to start distributing gold coins made by government-controlled Metals and Minerals Trading Corporation of India.

ii. The Indian gold coins are of 24 karat purity and has the National Emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi as in currency notes on the other.

iii. These coins were launched by the government of India last year.

iv. The first-ever national gold offering by the Government was launched by Prime Minister Narendra Modi In November 2015.

4. WORLD'S LONGEST AND HIGHEST GLASS BRIDGE TO OPEN IN CHINA

i. The world's longest and highest glass bridge will open to visitors.

ii. The bridge concreted with 99 panes of three-layer transparent glasses, hangs between two steep cliffs 300 metres altitude is maintained from the ground.

iii. The bridge has set 10 world records spanning its design and construction.

5. COURT OF ARBITRATION FOR SPORT SUSPENDS WRESTLER NARSINGH YADAV FOR FOUR YEARS

i. The Court of Arbitration for Sport banned wrestler Narsingh Yadav for four years following an appeal by World Anti-Doping Agency.

ii. The CAS also ruled to disqualify all the competitive results obtained by Narsingh from 25 June 2016.

iii. He will not be able to participate at the Rio 2016 Olympics.

iv. In July 2016 he was tested positive for a banned substance steroid in an out-of-competition test conducted by the National Anti-Doping Agency.

v. World anti doping agency headquarters are situated in Lausanne, Switzerland

6. INDIAN BADMINTON PLAYER P V SINDHU WINS SILVER IN WOMEN'S SINGLES BADMINTON EVENT AT RIO OLYMPICS

i. Badminton player P V Sindhu  won historic silver medal in women’s singles badminton event at Rio Olympics.

ii. She  became the first Indian woman to clinch a silver medal in Olympics.

iii. P V Sindhu is an Indian professional badminton player.

iv. She became the first ever Indian women's singles player to win a medal at the 2013 World Championships.

CURRENT AFFAIRS GK QUIZ BASED ON TODAY’S NEWS

1.  HOW MUCH IS THE AMOUNT OF CASH PRIZE FOR “RANI LAXMI BAI AWARD”?

a. 4 lakh

b. 4.12 lakh

c. 3.11 Lakh

d. 3.13 Lakh

2. WHICH STATE HAS ANNOUNCED RANI LAXMI BAI AWARD FOR FREESTYLE WRESTLER “SAKSHI MALIK”?

a. Uttar Pradesh

b. Haryana

c. Rajasthan

d. Gujrat

3. NAME THE PRIVATE SECTOR BANK WHICH HAS STARTED DISTRIBUTING GOLD COINS MADE BY GOVERNMENT OF INDIA AND CONTROLLED BY MMTCI?

a. Axis Bank

b. ICICI Bank

c. YES Bank

d. Federal Bank

4. WHICH OF THE FOLLOWING COUNTRIES HAVE MADE WORLD’S LONGEST, HIGHEST GLASS BRIDGE?

a. Japan

b. China

c. Korea

d. USA

5. WHERE ARE THE HEADQUARTERS OF THE WORLD ANTI DOPING AGENCY LOCATED?

a. Lusanne, Switzerland

b. New York, USA

c. New Delhi, India

d. Moscow, Russia

ANSWERS:

1.  C    2. A     3. D     4. B     5. A

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