Banking Awareness 26 November 2015

Q.1. Consumption loan above under priority sector can be granted to
a) Rural artisans
b) Small/Marginal farmers
c) Landless labourers
d) All
e) None

Q.2. Savings bank accounts are generally opened by
a) firms
b) companies
c) association of persons
d) individuals
e) none of these


Q.3. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purposes?a) Kisan credit card
b) Personal loan
c) Business loan
d) ATM card
e) None of these

Q.4. What do you mean by “C” in the term called as FMCG?
a) Customer
b) consumer
c) creditor
d) country
e) none of the above

Q.5. ________ is the organization that maintains the borrower’s history in India.
a) CRISIL
b) CIBIL
c) CARE
d) RBI
e) IRDA

Q.6. As RBI said, additional CET1 requirement as a percentage of Risk Weighted Assets (RWAs) for SBI is 0.6 percent and that of ICICI Bank is ........
a) 0.2 percent
b) 0.6 percent
c) 1.2 percent
d) 0.8 percent
e) 2.2 percent

Q.7. The currency notes issued by Reserve Bank of India are under the signature of _____?
a) President of India
b) Dy. Governor
c) Governor
d) Secretary, Finance Ministry
e) None of the above

Q.8. What are the benefits of Core Banking solutions?
a) Benefit of not carrying the cash from one place to another
b) Depositing money anywhere in the country where the bank is present
c) Instant updating of the accounts
d) All of the above
e) none of the above

Q.9. Purchasing the securities at one market and selling the same securities at another market simultaneously is termed as:
a) Arbitrage;
b) forfaiting;
c) spread;
d) factoring;
e) advancing

Q. 10. RBI was nationalized in the year
a) 1949
b) 1952
c) 1955
d) 1964
e) 1978

Answers:

Q.1. d) All
Q.2. d) individuals
Q.3. a) Kisan credit card
Q.4. b) consumer
Q.5. b) CIBIL
Q.6. a) 0.2 percent
Q.7. c) Governor
Q.8. d) All of the above
Q.9. a) Arbitrage
Q.10. (a) 1949

Banking Awareness 19 November 2015

Q.1. The Indian banks who are not able to fulfill the target of 18% for agricultural sectors, are to
a) deposit the short fall to the Reserve bank of India
b) deposit the short fall amount with NABARD under RIDF
c) deposit the short fall with SIDBI under National equity fund
d) deposit with Government of India
e) none

Q.2. The term ‘Ways and Means” advances refers to 
a) the advances allowed under DRI Scheme by commercial banks
b) the advances allowed by commercial banks under Twenty Point Economic Programme
c) The temporary advances made to the government by its banners to bridge the interval between expenditure and the flow of receipts of revenues
d) All of the above
e) none of the above


Q.3. Which of the following statement about Mutual funds are correct?
a) Distribution of any income in advance on a monthly basis or otherwise is not permitted
b) Mutual funds are listed in stock exchanges
c) Lock in period for repurchase of units should not be more than 36 years
d) all
e) none

Q.4. D-SIBs will be plotted into four different buckets and will be required to have additional Common Equity Tier 1 (CETa) capital requirement ranging from ......... of risk weighted assets depending upon the bucket they are plotted into.
a) 0.2 percent to 10.0 percent
b) 0.4 percent to 0.8 percent
c) 0.6 percent to 0.8 percent
d) 0.2 percent to 0.8 percent
e) None of above

Q.5. Which of the following are covered under pledge?
a) Actual delivery of the goods
b) Factory type pledge
c) Constructive delivery of the goods
d) All the above
e) None of the above

Q.6. Under which Section of the Reserve Bank of India Act, the Reserve Bank has the sole right of note issue?
a) 20
b) 22
c) 25
d) 28
e) 30

Q.7. Bank can provide finance to transport operations for the purchase of
a) Trucks, matadors
b) Buses
c) Taxis and auto rickshaws
d) Any of these
e) None

Q.8. In the term called as UNSCR, what do you mean by “S”?
a) Secondary
b) security
c) sensitivity
d) seniority
e) selectivity

Q.9. Organised sector refers to
a) Nationalised banks and private sector banks
b) Regional Rural Banks, Cooperative Banks and Development Banks
c) Both 1 and 2
d) None of the above
e) all of the above

Q.10. In the term called as AMFI, what do you mean by “M”?
a) Mutual
b) money
c) Managing
d) Miscellaneous
e) none of the above

Answer:

Q.1. b) deposit the short fall amount with NABARD under RIDF
Q.2. c) The temporary advances made to the government by its banners to bridge the interval between expenditure and the flow of receipts of revenues
Q.3. d) all
Q.4. d) 0.2 percent to 0.8 percent
Q.5. d) All the above 
Q.6. b) 22
Q.7. d) Any of these
Q.8. b) security
Q.9. c) Both 1 and 2
Q.10. a) Mutual

Banking Awareness 12 November 2015

Q.1. Which of the following is the first commercial bank who had launch a mutual fund?
a) State bank of India
b) Canara bank
c) Indian bank
d) Bank of India
e) Indian overseas bank

Q.2. A close-ended fund means
a) The corpus is of fixed size with a definite redemption period
b) Listing on stock exchanges provides easy liquidity
c) The market price is always below the net asset value
d) All
e) None

Q.3. Who decided on the quantity of coins to be minted?
a) The Government of India
b) RBI
c) Either 1 or 2
d) All of the above
e) None of the above

Q.4. Collateral securities can be _____?
a) Tangible
b) Intangible in the shape of personal guarantee of a third party
c) security given to get credit facilities/loan
d) All of the above
e) None of the above

Q.5. The most risky charge from a banker’s point of view is ______?
a) Pledge
b) Hypothecation
c) Mortgage
d) Lien
e) None of the above

Q.6. The term ‘Ways and Means” advances refers to 
a) the advances allowed under DRI Scheme by commercial banks
b) the advances allowed by commercial banks under Twenty Point Economic Programme
c) The temporary advances made to the government by its banners to bridge the interval between expenditure and the flow of receipts of revenues
d) All of the above
e) none of the above

Q.7. A Foreign Currency (non-resident) accounts means
a) a foreign currency account maintained at a foreign center by a person resident in India
b) A US $ account maintained in India by a foreigner
c) an account maintained by a non-resident individual of Indian nationality or origin (NRI) with an authorized dealer in India in a designated foreign currency
d) All of the above
e) None of the above

Q.8.What role does Micro, small and Medium Enterprises(MSMEs) play in a country’s economic and industrial development?
(A) They have the capacity to absorb skilled and unskilled labour available in the country.
(B) Such institutions help in distribution of income in a wide spectrum and do not allow it to get concentrated in few hands or in few areas.
(C) They help in eradication of poverty by providing self – employment opportunities.

a) Only A
b) Only (B)
c) Only C
d) Only A and C
e) All A, B and C

Q.9. RBI changed RTGS time window. The wrong option is .........
a) RTGS business opening would be at 08:00 hours while initial cut off (customer transactions) would be 16:30 hours.
b) The final cut-off (inter-bank transactions) will be at 19:45 hours and IDL reversal between 19:45 - 20:00 hours.
c) An account holder can do only one RTGS transaction per day in a week as per RBI rules.
d) Minimum amount to be remitted through RTGS is Rs.2 lakhs.
e) There is no upper ceiling for RTGS transactions.

Q.10. World Bank's latest estimates on India's per capita income and GDP given. Locate the wrong option.
a) India's per capita income rose 9.7 percent to $1,631 in 2014 from $1,487 in the previous year.
b) India was 169th in terms of per capita income in the world.
c) India's GDP crossed $3 trillion in 2014, compared to $1.86 trillion in 2013.
d) In terms of official dollar-rupee rate, the Indian economy was ninth in terms of GDP size.
e) India remained a low-middle income economy, as per the World Bank's latest estimates on per capita income and GDP.

Answer:

Q.1. a) State bank of India
Q.2. d) All
Q.3. a) The Government of India
Q.4. d) All of the above
Q.5. a) Pledge
Q.6. c) The temporary advances made to the government by its banners to bridge the interval between expenditure and the flow of receipts of revenues.
Q.7. c) an account maintained by a non-resident individual of Indian nationality or origin (NRI) with an authorized dealer in India in a designated foreign currency
Q.8. e) All A, B and C 
Q.9. c) An account holder can do only one RTGS transaction per day in a week as per RBI rules.
Q.10. c) India's GDP crossed $3 trillion in 2014, compared to $1.86 trillion in 2013.

Banking Awareness 26 September 2015

Q1. The term ‘Moral suasion’ refers to

a) The banker’s duty of secrecy as regards the affairs and accounts of his customers  

b) Moral duty of a borrower to deal with only one bank

c) The advice given by Reserve bank to banks/financial institutions in the matter of their lending and other operations with the objective that they might implement or follow   

d) All

e) None

Q2. Which of the following are the reasons for dishonour of cheques, for initiation of procedding under section 138 of the Negotiable instruments act

a) effects not cleared, please present again   

b) insufficient funds

c) not arranged for   

d) exceeds arrangement

e) all of the above

Q3. 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) None of these

Q4. Where the signature of the drawer of a cheque is not genuine, such a cheque is called

a) post dated cheque

b) stale cheque

c) forged cheque

d) all

e) none

Q5. Capital market refers to all the facilities and institutions arrangements for

a) borrowing

b) lending

c) medium and long term funds

d) all

e) none

Q6. A Pledge means

a) advanced against goods

b) hypothecation of goods

c) bailment of goods as security for payment of a debt or performance of a promise.

d) Open limits

e) none

Q7. Truncation of cheques means

a) scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle 

b) debiting of drawer’s account through internet

c) Both of the above

d) none of the above

e) (a) or (b)

Q8. What do you mean by Priority sector?

a) Priority sector means a group of activities which are to be financed on the priority

b) A group of borrowers, from whom, recovery to be made on priority basis   

c) A group of peoples, whose accounts to be opened on priority

d) all

e) none

Q9. The term ‘ways and means’ advances refer to

a) the temporary advance made to the government by its bankers to bridge the internal between expenditure and the flow of receipts of revenue

b) the advance given by the banks to the poorest of the society

c) lending made under PMRY scheme

d) All

e) None

Q10. National housing banks is wholly owned by:

a) RBI

b) Housing development finance corporation LTD.

c) Housing development boards of various states   

d) All

e) none

Answers

1. c) The advice given by Reserve bank to banks/financial institutions in the matter of their lending and other operations with the objective that they might implement or follow   

2. c) not arranged for   

3. d) Rs 100 crore

4. c) forged cheque

5. d) all

6. c) bailment of goods as security for payment of a debt or performance of a promise.

7. a) scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle

8. a) Priority sector means a group of activities which are to be financed on the priority

9. a) the temporary advance made to the government by its bankers to bridge the internal between expenditure and the flow of receipts of revenue

10. a) RBI