Banking Awareness Quiz 45 Posted on November 8, 2018 by kseducational Leave a comment Banking Awareness for IBPS PO Mains & IBPS Clerk Welcome to your Banking Awareness Quiz 45 1. Money with No intrinsic value is called__ ? Hot Money Fiat Money Cold Money Dear Money None of the above 2. IFSC Code is a 11-digit alphanumeric code that is used for NEFT, RTGS and IMPS fund transfers. In ‘IFSC’ ‘I’ stands for___ ? Indian Inactive Information Internal None 3. FATF stands for ______ ? Financial Action Trade Force Financial Action Trade Force Financial Asset Trade Force Financial Asset Task Force None 4. The Banks recover term loan from the parties in EMIs. What does the letter ‘E' represent in the term ? Effective Equated Easy Essential Economical 5. Which among the following body determines interest rate on savings deposit ? Cabinet committee on economic affair RBI Department of Economic Affairs Bank’s Independent decision None 6. India’s Foreign Exchange Reserves consist of a. Foreign currency assets (FCAs) b. Gold c. Special Drawing Rights (SDRs d. RBI’s Reserve position with International Monetary Fund (IMF) Select the correct code from the given option: 1,2 and 4 only 1, 3 and 4 only 1,2,3 and 4 1 and 2 only None 7. Who formulates the monetary policy in India ? SEBI Finance Ministry RBI Planning Committee None 8. RBI proposed a new methodology, Marginal cost of funds-based lending rates (MCLR), to calculate Base Rate. It came into effect on ___? 26 September 2016 1 April 2016 10 December 2015 31 March 2016 1 August 2016 9. Which of the following statements is/are not correct regarding the Prompt Corrective action (PCA) a qualitative tool introduced by the Reserve Bank of India (RBI)? a. In India it was first introduced in 2002 during the period of Bimal Jalan as RBI governor. b. There are five parameters for evaluation whether the bank is to be brought under the ambit of Prompt corrective action. c. The PCA framework is applicable to all scheduled commercial banks, small banks, payment banks and non-banking financial companies (NBFCs). Only a and b Only C Only b and C Only A and C Only B 10 . What is the name of a certificate issued by a depository bank, which purchases shares of foreign companies and deposits it on the account ? American depository receipt Global depository receipt European depository receipt Indian depository receipt None Advertisements Banking Banking Awareness Quiz G.A Banking Awareness Quiz 44 Posted on November 8, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO & IBPS Clerk Welcome to your Banking Awareness Quiz 44 1. Headquarter of ‘Asian Infrastructure Investment Bank’ located in which of the following countries ? Singapore Russia China Vietnam Nepal 2. To call a loan NPA, the interest or installment of principal should remain overdue for a minimum period of more than how many days ? 90 Days 120 Days 60 Days 180 Days None of these 3. India’s first contact-less mobile payment solution “iTap” has been launched by which of the following banks? Axis Bank Ltd State Bank of India ICICI Bank HDFC Bank None of these 4. Which of the following is the first payment bank in India ? Paytm Payment Bank Fino Pay Tech India Post Payments Bank Airtel Payment Bank None of these 5. Which of the following statements is correct with respect to soiled note? Notes which are wholly or partially, obliterated, shrunk, washed, altered or indecipherable Any banknote, which is wholly or partially, obliterated, shrunk A note which, has become dirty due to usage and also includes a two-piece note pasted together wherein both the pieces presented belong to the same note and form the entire note. Notes which are in pieces and/or of which the essential portions are missing Notes which are washed, altered or indecipherable 6. Who has been appointed the first-ever Chief Financial Officer (CFO) of the Reserve Bank of India (RBI) ? Balan Nambiar Sudha Balakrishnan Uttam Pacharne Ashok Vajpeyi None 7. ‘PFE’ is a measure used primarily for credit risk measurement to assess the expected exposure to a counterparty. What is the expanded form of ‘PFE’ ? Potential Future Earner Potential Future Exposure Potential Financial Exposure Process Future Exchange Public Financial Exposure 8. ‘FRBM’ Act was enacted in 2003 which set targets for the government to reduce fiscal deficits. In ‘FRBM’, ‘B’ stands for ? Budget Bank Broad Buffer Balance 9. Which of the following securities is not a part of the money market ? Treasury bills Repurchase Agreements National savings certificate Certificate of deposit All of these 10. Where is the head office of India Post Payments Bank located ? Mumbai Bengaluru New Delhi Chennai Kolkata Banking Banking Awareness Quiz G.A Banking Awareness Quiz 43 Posted on November 8, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO & IBPS Clerk Welcome to your Banking Awareness Quiz 43 1. Pradhan Mantri Vaya Vandana Yojana (PMVVY)’ aims to provide social security during old age. What is the minimum purchase price under the scheme for a minimum pension of Rs. 1,000/- per month ? Rs.1,20,000 Rs.1,00,000 Rs.1,25,000 Rs.1,50,000 Rs. 2,50,000 2. The objective of MUDRA Bank is to encourage entrepreneurship. In MUDRA, R stands for ___ ? Ratio Retail Regulation Reconstruction Refinance 3. Beta measures what type of risk ? Financial risk Currency risk Investment risk Market and finance risk Market risk 4. Which of the following is not a function of RBI ? Custodian of Country’s Foreign Currency Reserves Regulating and controlling the business on stock markets. Issuing currency Lender of Last Resort Regulating and supervising the financial system 5. An option that may only be exercised on expiration is known as ? Put Option European Option Call Option American Option None of the above 6. A savings bank account opened with a commercial bank with zero or very minimal balance is known as ? Current Account No Frill Account Demat Account Student Savings Bank Account Savings Bank Ordinary Account 7. In which of the following types of cheques, the person whose name is written by the issuer, is the only person authorized to collect the amount ? Slate Cheque Anti-dated cheque Bearer Cheque Blank cheque Order Cheque 8. 'CAR' is the ratio of a bank's capital to its risk, expressed as a percentage of a bank's risk-weighted credit exposures. What does ‘A’ stand for in CAR ? Absolute Adequacy Arbitrage Average None 9. Which of the following is the tagline for Canara Bank ? Faithful and Family Together we can Where India Banks Your Own Bank Ek pariwar, Ek Bank 10. 'HCE' is a technology that emulates a payment card on a mobile device using the software. What is the full form of 'HCE' ? Host Card Electronic Host Credible Emulation Host Credit Emulation Host Current Emulation Host Card Emulation Banking Banking Awareness Quiz G.A error: Content is protected !!