Banking Awareness Quiz 33 Posted on November 4, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO & IBPS Clerk Welcome to your Banking Awareness Quiz 33 1. The securities and Exchange Board of India (SEBI) was established in the year___ ? 1994 1992 1993 1988 None of these 2. 'CAMELS’ is a type of Bank Rating System. In CAMELS, what does ‘C’ stand for? Currency Asset Compensation Account Capital Adequacy Capital Asset None of these 3. Where is the headquarter of Canara Bank situated ? Chennai Ahmedabad Kolkata Bengaluru New Delhi 4. The International Securities Identification Number is used for uniquely identifying securities like equity, debt etc. The ISIN has ____ characters ? 12 11 10 15 None of the above 5. When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as ? Consortium Participation Syndication Multiple Banking None of the above 6. Name the account for which bank act as an uninterested third party (custodian/depository) to ensure compliance with the terms of the deal between two parties only upon the fulfillment of some stated conditions ? Escrow account Nostro account Vostro account Loro account None of the above 7. The 'EFTPOS' is an electronic payment system involving electronic funds transfers based on the use of payment cards. What does 'P' stand for in 'EFTPOS' ? Payment Point Provident Paid Privacy 8. Derivatives contract which gives the buyer/holder of the contract the right (but not the obligation) to buy/sell the underlying asset at a predetermined price within or at end of a specified period is known as ? Futures Contract Option Contract Index Futures contract Mini Derivative Contract None of these 9. Many a times we come across a term in field of banking operation which reads 'ECS'. What is the full form of the "ECS" ? Electronic Coding System Extra Coding System Electronic Clearing Service Elementary Clearing System None of the above 10 .MICR code is a character- recognition code for processing and clearance of cheques. Full form of MICR is ? Magnified Image Character Recognition Magnetic Image Control Recognition Magnetic Ink Character Recognition Modified Image Character Recognition None Advertisements Banking Banking Awareness Quiz G.A Banking Awareness Quiz 32 Posted on November 4, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO and IBPS Clerk Welcome to your Banking Awareness Quiz 32 1. LRS is a facility provided by the Reserve Bank of India for all the resident individuals to freely remit a certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions. Here ‘LRS’ stands for ? Liberalised Remittance Source Liberalised Revenue Scheme Liberalised Remittance Scheme Liquidity Remittance Scheme Liberalised Revenue Source 2. What is Collateralized Borrowing and Lending Obligation (CBLO) ? Measure of Credit Control in India Instrument of Monetary Policy Derivative instrument Money Market Instrument Type of Financial Agreement 3. The Certificate of Deposit (CD) is a negotiable money market instrument and issued in the form of ? Usance Promissory Note Demand Promissory Note Derivative Usance Promissory Note Both 1 & 2 None 4 . Asset Reconstruction Company is regulated by ? SEBI IRDA NABARD RBI None 5. The Insolvency and Bankruptcy Board of India (IBBI) handles cases using by ? National company law tribunal Debt recovery tribunal Securities Appellate Tribunal Only 1 and 2 None 6. Expand the term FSDC frequently appear in financial newspapers ? Financial Security and Development Council Financial Stability and Development Council Fiscal Security and Development Council Fiscal Stability and Development Council Final Stability and Development Council 7. The head Quarter of “Asian Infrastructure Investment Bank (AIIB)“ ? Shanghai Tokyo Manila Davos Beijing 8. Which of the following sections of the Negotiable Instruments Act, 1881 is applicable for cases of Dishonour of Cheque ? Section 12 (A) Section 121 Section 131 (A) Section 138 Section 141 9. Which of the following deposit cannot be accepted by Payment Bank ? Saving Deposits Current Deposits Fixed Deposits NRI Deposits Both 3 and 4 10. Money Market is a market for short-term debt securities. What are the Major money market Instruments ? Certificate of Deposit (CD) Treasury Bills Debenture Mutual Fund Both 1 and 2 Banking Banking Awareness Quiz G.A Banking Awareness Quiz 31 Posted on November 4, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO & IBPS Clerk Welcome to your Banking Awareness Quiz 31 1. The type of risks which affects a large number of policyholders simultaneously is called ? Dynamic Risk Covariant Risk Pure Risk Static Risk Partial Risk 2. Which of the following is a legal contract in which outcome is factored upon uncertain event? Aggregate Limits No -Risk Agreement All-Risk Agreement Aleatory contract Partial Risk 3. A document which entails procedures to avail the compensation under Insurance policy is known as ? Conditional repayment Conditional compensation conditional contract Conditional paper None of the above 4. The mechanism through which the banks are allowed to borrow money through repurchase agreements are called a__________ ? Liquidity Adjustment facility Treasury bills Open Market operations Market Stabilisation scheme Marginal standing facility 5. Which of the following Individual looks into claim of the insured and states the compensation that would be forwarded to them ? Agent Adjuster Police Policy seller None 6. A 'PSP' offers shops online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking. What does second P stand in “PSP”? Private Provider Power Payment Prompt 7. Which of the following scenario defines a situation whereby an insurance company moves ahead to sue the third party who caused insurance loss to insured ? Risk recovery Indemnity Subrogation Sum coverage None of the above 8. The amount, where an Insured discontinues premium payment but doesn’t withdraw money from policy, would be known as ? Assured value Paid-up value Surrender Value Comprehensive Value None of the above 9. What does ‘N’ stand in 'ANBC’, which is the investments made by banks in non-SLR bonds held in the held-to-maturity category or credit equivalent amount of off-balance-sheet exposure, whichever is higher? Notes National Net Non Narrow 10. The slowdown in the rate of increase of prices of goods & services in National GDP over time is called____ ? Demand-pull Inflation Deflation Hyperinflation Disinflation Stagflation Banking Banking Awareness Quiz G.A Banking Awareness Quiz 30 Posted on November 4, 2018 by kseducational Leave a comment Banking Awareness Quiz for Banking Exams (IBPS PO / IBPS CLERK) Welcome to your Banking Awareness Quiz 30 1. In India, which of the following organizations is responsible for the sterilization of foreign inflows ? Government of India Individual Banks Cabinet Committee on Finance Finance Ministry Reserve Bank of India 2. Reserve Bank of India (RBI) initiated the 'Prompt Corrective Action' (PCA) against Bank in view of high non-performing assets (NPAs). When was the concept of PCA first introduced in India ? 2001 2004 2003 2002 2005 3. Which of the following accounts provides facility to exporters for converting foreign exchange into Rupees at the minimum cost ? EEFC Account Escrow Account NRE Account NRO Account None of the above 4. What is the primary objective of the Sovereign Gold Bond Scheme? To regulate trading of gold To issue Government securities in gold Form To regulate the share market To rope in customers looking to buy gold as an investment None of the above 5. The Cash Reserve Ratio (CRR) which is to be maintained with the Reserve Bank of India is maintained in which of the following ways ? Minimum cash reserves Gold To regulate the share market Both (1) and (2) All of the above 6. If a cheque is postdated, the bank ______ ? Has to refer to the court to honour the cheque before the date of the cheque Has the option to honour the cheque before the date of the cheque or not Has to refer to RBI to honour the cheque before the date of the cheque Will not honour the cheque before the date of the cheque Has to honour the cheque before the date of the cheque 7. Which of the following acts is enacted to facilitate recovery of bad loans via the Banks ? RBI Act SARFESI Act Companies act Income tax act Banking Regulation Act 8. What is the maximum limit on cash payment that is to be made to the beneficiary under the MTSS in India ? Rs. 15,000 Rs. 50,000 Rs. 10,000 Rs. 40,000 Rs. 25,000 9. Which of the following in not correct with reference to Payment Banks ? Payment Banks are allowed to mobilize demand deposits. Liabilities of Payment Banks should not exceed 33 times of its net worth. Payment Banks need to invest at least 50% of their deposits in Government Securities. Maximum balance per customer is restricted at Rs. 1 lakh. None 10. Consider the following statements with respect to Fixed Deposit: I. Interest received on Fixed Deposit is liable for TDS. II. The exemption limit for senior citizen has increased from Rs. 10,000 to Rs. 20,000. III. The maximum tenure for a Fixed Deposit is 10 years. Which of the following statement is/are incorrect? Only 1 Only 2 Only 3 Both 1 and 2 Both 2 and 3 Banking Banking Awareness Quiz G.A Banking Awareness Quiz 29 Posted on November 4, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO & IBPS Clerk Welcome to your Banking Awareness Quiz 29 1. Which of the following is known as plastic money ? Cheques Demand Drafts Credit Cards Gift Cheuqe None of these 2. ‘CDS’ offer protection against the non-payment of unsecured corporate or sovereign debt. Here ‘CDS’ stands for ____? Collateral default swap Credit demand swap Credit default swap Contract demand swap Contract default swap 3. ‘LGD’ is the amount of money a bank or other financial institution loses when a borrower defaults on a loan. Here ‘LGD’ stands for___ ? Loss Gross Default Loss Given Default Loan Given Default Loan Gross Default Loan Gross Direct 4. LCR is an important part of the Basel Accords. In 'LCR' what does 'C' stands for ? Cash Capital Currency Coverage Credit 5. Which of the following statements is incorrect with reference to Sovereign Gold Bonds? It is issued by the Government of India. Main objectives of the scheme are to reduce the demand for physical gold (reduce CAD) and shift a part of the gold imported every year for investment purposes into financial savings. Restricted for sale to the resident Indian entities only both in Demat and paper form. Redemption is made in the rupee value equivalent to the price of gold at the time of maturity. Exemption from capital gains tax is also available. 6. Under which of the following types of account, a specified amount is deposited every month for a specific period, say, 12, 24, 36 or 60 months? Fixed Deposit Account Saving Account Current Account Recurring Account Demat Account 7. Which among the following is one of the products or services of NPCI? INDPAY VISA VSAT NACH UNNATI 8. The Reserve Bank of India (RBI) introduce Rs 50 denomination banknotes in the Mahatma Gandhi (New) Series, having the signature of the RBI Governor. What is the dimension of the ₹ 50 banknote? 73 mm x 135 mm 73 mm x 157 mm 66 mm x 135 mm 66 mm x 146 mm 66 mm x 150 mm 9. According to the latest New Pension Scheme Withdrawal Rules 2018, a subscriber who has contributed for three years can now withdraw up to how much percent of the corpus for meeting a specific expense ? 20% 25% 18% 35% 30% 10. _________ are additional shares given to the current shareholders without any additional cost, based upon the number of shares that a shareholder owns ? Bonus shares Private placement Right shares ESOP None of the above. Banking Banking Awareness Quiz G.A error: Content is protected !!