Monthly Archives: November 2018

Banking Awareness Quiz 33

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___ ?
2.  'CAMELS’ is a type of Bank Rating System. In CAMELS, what does ‘C’ stand for?
3.   Where is the headquarter of Canara Bank situated ?
4.  The International Securities Identification Number is used for uniquely identifying securities like equity, debt etc. The ISIN has ____ characters ?
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  ?
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 ?
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' ?
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 ?
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"  ?
10 .MICR code is a character- recognition code for processing and clearance of cheques. Full form of MICR is ?
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Banking Awareness Quiz 32

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   ?
2. What is Collateralized Borrowing and Lending Obligation (CBLO) ?
3. The Certificate of Deposit (CD) is a negotiable money market instrument and issued in the form of  ?
4 .  Asset Reconstruction Company is regulated by  ?
5.  The Insolvency and Bankruptcy Board of India (IBBI) handles cases using by ?
6. Expand the term FSDC frequently appear in financial newspapers ?
7.  The head Quarter of “Asian Infrastructure Investment Bank (AIIB)“ ?
8.  Which of the following sections of the Negotiable Instruments Act, 1881 is applicable for cases of Dishonour of Cheque ?
9. Which of the following deposit cannot be accepted by Payment Bank ?
10. Money Market is a market for short-term debt securities. What are the Major money market Instruments ?

Banking Awareness Quiz 31

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 ?
2.  Which of the following is a legal contract in which outcome is factored upon uncertain event?
3. A document which entails procedures to avail the compensation under Insurance policy is known as  ?
4. The mechanism through which the banks are allowed to borrow money through repurchase agreements are called a__________ ?
5. Which of the following Individual looks into claim of the insured and states the compensation that would be forwarded to them ?
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”?
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 ?
8. The amount, where an Insured discontinues premium payment but doesn’t withdraw money from policy, would be known as ?
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?
10. The slowdown in the rate of increase of prices of goods & services in National GDP over time is called____ ?

Banking Awareness Quiz 30

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 ?
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 ?
3.  Which of the following accounts provides facility to exporters for converting foreign exchange into Rupees at the minimum cost ?
4.  What is the primary objective of the Sovereign Gold Bond Scheme?
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 ?
6.  If a cheque is postdated, the bank ______ ?
7.  Which of the following acts is enacted to facilitate recovery of bad loans via the Banks ?
8. What is the maximum limit on cash payment that is to be made to the beneficiary under the MTSS in India ?
9. Which of the following in not correct with reference to Payment Banks ?
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?

Banking Awareness Quiz 29

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 ?
2.  ‘CDS’ offer protection against the non-payment of unsecured corporate or sovereign debt. Here ‘CDS’ stands for ____?
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___ ?
4.  LCR is an important part of the Basel Accords. In 'LCR' what does 'C' stands for ?
5.  Which of the following statements is incorrect with reference to Sovereign Gold Bonds?
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?
7.  Which among the following is one of the products or services of NPCI?
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?
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 ?
10.  _________ are additional shares given to the current shareholders without any additional cost, based upon the number of shares that a shareholder owns ?