Banking Awareness Quiz 36 Posted on November 5, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO and IBPS Clerk Welcome to your Banking Awareness Quiz 36 1. The EFSF is a special purpose vehicle financed by members of the Eurozone to address the European sovereign-debt crisis. In ‘EFSF’, the second ‘F’ stands for ____. Fiscal Foreign Facility Financial Finance 2. What is the name of banking that comprises a diverse set of institutions and markets that carry out traditional banking functions but outside normal banking regulations ? Casino Banking Universal Banking Shadow Banking Narrow Banking Islamic Banking 3. If all the banks in an economy are nationalized and converted into a monopoly bank, what will be the effect on the total deposits? The deposits will neither increase nor decrease The deposits will increase The deposits will decrease It won’t be possible to convert bank into monopoly bank None of the above 4. Which of the following amount is the single transaction limit in the BHIM app? Rs. 2000 Rs. 20,000 Rs. 5000 Rs. 10,000 Rs. 25,000 5. A unique function of the bank is to create credit. Which of the following factors do not determine the credit creation power of banks ? Willingness of Customers to Borrow Cash Reserve Ratio Monetary Policy of the Central Bank Special Drawing Rights Amount of Cash Reserve in the Country 6. 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 Revenue Source Liberalised Remittance Source Liberalised Revenue Scheme Liberalised Remittance Scheme Liquidity Remittance Scheme 7. In April 2018, the Reserve Bank of India (RBI) revised "Know Your Customer" (KYC) norms to update the 'Prevention of Money Laundering' rules presented in June 2017. RBI issued the KYC guidelines under Section 35 A of the ____? Banking Regulation Act, 1949 RBI Act, 1934 Foreign Exchange Management Act 2003 Negotiable Instruments Act, 1881 Banking Regulation Act, 1935 8. The World Bank launched “Bond-I”, the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology. What is the full form of “Bond-I” ? Blackchain organized new debt investment Blackmemory operated new investment Bond operated new debt instrument Blockchain organized new debt instrument Blockchain operated new debt instrument 9. Stock Market Index of Bombay Stock Exchange (BSE) consists of how many blue chip stocks ? 30 66 25 75 50 10. What is the authorized capital of DICGC ? 50 crore 500 crore 150 crore 200 crore 100 crore Advertisements Banking Banking Awareness Quiz G.A Banking Awareness Quiz 35 Posted on November 5, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO & IBPS Clerk Welcome to your Banking Awareness Quiz 35 1. NABARD was established on the recommendations of ? Shivaraman Committee Rangarajan Committee Lodha Panel None 2. __ is the rate at which the banks are able to borrow overnight funds from RBI against the approved government securities ? Cash Reserve Facility Statutory Liquidity Ratio Marginal Standing Facility Reverse Repo Rate 3. The process of stopping the flow of a cheque issued by a drawer at some point by the presenting bank en-route to the paying bank branch is known as ? Transit Divesting Truncation Flow 4. _______is a system of money transfer for transferring personal remittances from abroad to beneficiaries in India ? NEFT RTGS IMPS MTSS 5. Which payment settlements happens in batches? NEFT RTGS IMPS MTSS 6. The Income Tax PAN code and its linked card are issued under Section _____ of the Income Tax Act ? Section 139 C Section 139 A Section 139 D Section 139 B 7. What is the full form of MSS ? Money Stabilization Scheme Mobile Stabilization Scheme Market Stabilization Scheme Money Stabilization Service 8. Which organisation has approved a proposal to allow foreign investors to trade in commodity derivatives market, except for sensitive commodities, as well as common application form for the registration of FPI's in the domestic market ? IRDAI SEBI NABARD RBI 9. ____ one of India's first payments banks, has been allowed to open new accounts by RBI after it submitted a compliance report ? Fino Payments Bank Aditya Birla Payments Bank Jio Payments Bank India Post Payments Bank 10. Which Bank has become the first bank in the country to introduce Iris Scan Authentication feature for Aadhaar -based transactions through its micro ATM tablets ? Axis Bank ICICI Bank Yes Bank HDFC Bank Banking Banking Awareness Quiz G.A Banking Awareness Quiz 34 Posted on November 5, 2018 by kseducational Leave a comment Banking Awareness for IBPS PO & IBPS Clerk Welcome to your Banking Awareness Quiz 34 1. Statutory Liquidity Ratio (SLR) is maintained as a percentage of ? Demand liabilities Time liabilities Net demand and time Liabilities Gross time and demand liabilities None 2. Which among the following is a process in which capital is raised by offering securities to an individual or a small group of investors ? Public Issue Right Issue Bonus Issue Private Placement None 3. 'Hum hai na', is the tagline of which of the following banks ? Kotak Bank of Baroda ICICI Indian Bank None 4. 'The ‘IDRBT’ is established by the Reserve Bank of India (RBI) in 1996. It is a unique institution exclusively focused on ____? Rural Development Micro & Medium sector Science & Défense Technology Banking Technology None 5. According to the RBI’s guidelines for peer to peer (P2P) lending platforms, what is the minimum net worth requirement for these platforms? RS 10 cr RS 5 cr RS 2 cr RS 1 cr None 6. ONICRA is a leading ____ ? NBFC White Level Atm Operator Credit and Performance Rating Agency Asset Reconstruction Company None 7. The RBI has proposed the setting up of a Board of Management in Urban Co-operative Banks whose deposits are ______ and above ? Rs. 75 lakh Rs. 200 Crores Rs. 500 Crores Rs. 100 Crores Rs. 1 Crores 8. In which of the following bank accounts a depositor can deposit his funds multiple times and can also withdraw the amount multiple times he wishes? Saving account Fixed Deposit Account Recurring Account Demat Account Current Account 9. ________ gives right to the directors or employees of a company to purchase or subscribe the company’s securities ? ESOP Right Issue IPO Bonus Shares None 10. Which among the following not a subsidiary of RBI? NHB NABARD Bhartiya Reserve Bank note Mudran private limited Deposit credit and guarantee corporation None Banking Banking Awareness Quiz G.A error: Content is protected !!