Banking Awareness Quiz 42 Posted on November 7, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO and IBPS Clerk Welcome to your Banking Awareness 42 1. GDP Deflator is used to calculate ? Overall rise in price level National Income Personal income GDP Growth Rate All the above 2. Where is the headquarter of the Asian Development Bank (ADB) located ? Shanghai Manila Beijing Jakarta Mandaluyong 3. NPL is a sum of borrowed money upon which the debtor has not made scheduled payments for a specified period of time. what does NPL stand for ? Non-performing liabilities Non-principle loan Non-performing loan Net-premium loan Net-payment liabilities 4. Mixed income of the self-employed means ? Outside wages received by self-employed people Indirect incomes pertaining to business activities Wages due to non-economic activities Net profits received by self-employed people Combined factor payments which are not distinguishable 5. The arrangement under which banks sell insurance products acting as the agents of the respective companies is called the ? Insurance joint venture Integrated Model Insurance Broking Bancassurance Model Hybrid Insurance Model 6. Notice Money is a money lend for a period of how many days ? Exceeding 14 days 1 day 2 day Between 2 and 14 days None 7. What is the maximum deposit in Sukanya Samriddhi Yojana ? Rs. 1 lakh Rs. 10,000 Rs 1 Lakh Rs. 1.5 lakh Rs. 2 lakh 8. PIN is the numeric password which is separately mailed / handed over to the customer by the bank while issuing the ATM Debit / Credit card. What is the expand form of PIN ? Personal Identification Number Personal Information Number Permanent Index Number Personal Index Number Permanent Identification Number 9. In CRR, C stands for __? Capital Cash Currency Core None 10. In the field of business and finance, AML is the abbreviated form of ? Association for Mormon Letters Anti-Money Laundering Association of Muslim Lawyers Algebraic Modeling Language Action Main Line Advertisements Banking Banking Awareness Quiz G.A Banking Awareness Quiz 41 Posted on November 7, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO & IBPS Clerk Welcome to your Banking Awareness Quiz 41 1. What does the letter 'I' in ‘IMPS’ stand for ? Interest Immediate Index Ink Interstate 2. When RBI increases CRR, it means ? Government will have more money to spend Commercial banks will have less money to spend RBI will have more money to lend Commercial banks will have more money to lend RBI will have less money to lend 3. Increasing unemployment and inflation is a situation of ? Reflation Galloping Inflation Stag inflation Hyperinflation None of these 4. Under TARUN category, what is the maximum amount of loan that Mudra Banks can provide ? Rs. 50000 Rs. 10,00,000 Rs. 1,00,000 Rs. 5,00,000 None of these 5. The system of banking in which a bank places its funds under 100 percent risk-free assets with maturity matching for its liabilities is known as _______? Safe Banking Narrow Banking Secure Banking Universal Banking Limited Banking 6. Where is headquarter of UTI located ? Chennai Kolkata Bangalore Mumbai New Delhi 7. When a bank dishonours a cheque it is called ____ ? Return of the unpaid cheque. Withdrawing of the cheque Truncating of the cheque. Nullifying of the cheque. Settlement of the cheque. 8. Which board has launched the 'GST Verify' app, an android app that will verify whether a person collecting GST from a consumer is eligible to protect the interests of consumers? National Stock Exchange of India Insurance Regulatory and Development Authority of India Securities and Exchange Board of India Central Board of Indirect taxes and Customs Insolvency and Bankruptcy Board of India 9. As we all know Indian currency market is regulated by the RBI, while ‘currency futures’ are jointly regulated by the RBI and which of the following other banks? NABARD SEBI SBI SIDBI None of these 10. "CAD” means money is flowing out of the country, and it suggests the nation is increasing its ownership of foreign assets. In “CAD” what does “D” stands for ? Derivative Debt Deficit Default Direct Banking Banking Awareness Quiz G.A Banking Awareness Quiz 40 Posted on November 7, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO & IBPS Clerk Welcome to your Banking Awareness Quiz 40 1. The various disclosures in balance sheet of banks aims at ___ ? Inspection Transparency Monitoring Supervision 2. Which of the following customer does not fall under low risk category under KYC guidelines ? Trusts Salaried employee Government departments Persons from lower strata of the society 3. A money in bank account is treated as Unclaimed money deposit after ___ years ? 5 10 2 7 4. What is the interest rate that bank has to pay to the customer as compensation if the credit is delayed to beneficiary account or if there is any delay is returning the transaction to the originator in case of NEFT ? Repo rate + 2% Repo rate + 0.5% Repo rate + 1% Repo rate + 1.5% 5. NEFT works on the principle of ____ ? Priority net settlement Deferred net settlement Domain net settlement Gross net settlement 6. Which of the following is FALSE ?(i) RRBs can participate in NEFT settlement (ii) MMID has 7 digits(iii) IMPS works even on holidays Only 1 Only 2 Only 2 and 3 All are True 7. A person having Basic Savings Bank Deposit Account (BSBDA) in a bank can have which of the following accounts in the same bank?(i) Savings Account(ii) Fixed Deposit(iii) Recurring Deposit Only 1 Only 2 Only 2 and 3 only 1 and 3 All 1 and 2 and 3 8. For a company to register as a NBFC it should have a minimum net owned fund of _____. Rs ? 25 Lakh 50 Lakh 2 crore 1 crore 5 crore 9. Any NBFC is is considered systemically important NBFC when its asset size is of Rs ____ or more ? 200 crore 100 crore 400 crore 300 crore 500 crore 10. NBFCs are required to accept public deposit for a minimum period of ___ months ? 3 24 9 12 6 Banking Banking Awareness Quiz G.A error: Content is protected !!