Monthly Archives: November 2018

Banking Awareness Quiz 36

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 ____.
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 ?
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?
4.  Which of the following amount is the single transaction limit in the BHIM app?
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 ?
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 ____?
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 ____?
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” ?
9. Stock Market Index of Bombay Stock Exchange (BSE) consists of how many blue chip stocks ?
10.  What is the authorized capital of DICGC ?

Banking Awareness Quiz 35

Banking Awareness Quiz for IBPS PO  & IBPS Clerk

Welcome to your Banking Awareness Quiz 35

1. NABARD was established on the recommendations of  ?
2. __   is the rate at which the banks are able to borrow overnight funds from RBI against the approved government securities ?
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  ?
4. _______is a system of money transfer for transferring personal remittances from abroad to beneficiaries in India ?
5.  Which payment settlements happens  in batches?
6.  The Income Tax PAN code and its linked card are issued under Section _____ of the Income Tax Act ?
7.  What is the full form of MSS  ?
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 ?
9. ____ one of India's first payments banks, has been allowed to open new accounts by RBI after it submitted a compliance report ?
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 ?

Banking Awareness Quiz 34

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 ?
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 ?
3.  'Hum hai na', is the tagline of which of the following banks ?
4.  'The ‘IDRBT’ is established by the Reserve Bank of India (RBI) in 1996. It is a unique institution exclusively focused on ____?
5.  According to the RBI’s guidelines for peer to peer (P2P) lending platforms, what is the minimum net worth requirement for these platforms?
6.  ONICRA is a leading ____ ?
7. The RBI has proposed the setting up of a Board of Management in Urban Co-operative Banks whose deposits are ______ and above ?
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?
9. ________ gives right to the directors or employees of a company to purchase or subscribe the company’s securities ?
10. Which among the following not a subsidiary of RBI?