Banking Awareness Quiz 48 Posted on November 9, 2018 by kseducational Leave a comment Banking Awareness for IBPS PO Mains & IBPS Clerk Welcome to your Banking Awareness Quiz 48 1. Which of the following is called as the National Income ? Gross National Product at Factor Cost Per capita income. Gross National Product at Market Price Net National Product at Market Price Net National Product at Factor Cost 2. Which of the following is the minimum capital requirement for Small and Payment Banks in India ? 100 Crore 200 Crore 300 Crore 400 Crore 500 Crore 3. In ASBA, what does first A stands for ? Account Authorised Application Applicant None 4. What is the major function of NABARD ? Accepts deposits from public and lend it to the rural sectors Act as a regulator to Scheduled Commercial Banks. Deal in government securities Provide loans to the Commercial banks and Regional Rural Banks for the development of rural sector. Provide loans to the public in rural areas 5. Which among the following is associated with the concept that there is no increase in production even with capital and labor increase unless the art of agriculture is improved ? The law of equi-marginal return The law of diminishing returns The law of comparative advantages The law of opportunity cost None 6. To call a loan NPA, the interest or installment of principal should remain overdue for a minimum period of more than how many days ? 60 Days 90 Days 120 Days 180 Days None 7. Exim bank has signed a multilateral cooperation agreement with member development banks of which organization to undertake “collaborative research” in distributed ledger/block chain technology ? AIIB SAARC ADB BRICS NDB 8. Equity schemes managed strong NAV gains, which boost their assets was news in some financial newspapers. What is the full form of the term NAV as used in above headlines ? Net Asset Venture Net Asset Value Net Accounting Venture Nill Accounting Variation None 9. The National Company Law Appellate Tribunal (NCLAT) is a _____? Regulatory body Judicial body Statutory body All of these None 10. Insolvency and Bankruptcy Code was passed by Lok Sabha on _____? 5 May 2016 1 October 2016 1 November 2016 5 March 2016 None Advertisements Banking Banking Awareness Quiz G.A Banking Awareness Quiz 47 Posted on November 9, 2018 by kseducational Leave a comment Banking Awareness Quiz 47 for IBPS PO Mains & IBPS Clerk Welcome to your Banking Awareness Quiz 47 1. Which of the following is not a function of NABARD ? It provides refinancing facilities to the commercial banks. It promotes rural small scale and cottage industries. It discounts the bills of commercial and cooperative banks to enable them to finance for agricultural activities. Both A and C All of the above 2. Which of the following states has no Regional Rural Bank (RRB) ? Maharashtra Goa Tamil Nadu Karnataka None 3. The NABARD (Amendment) Bill, 2017 seeks to increase the capital limit with NABARD from Rs 5000 crore to _____? Rs 30,000 Crore Rs 10,000 Crore Rs 50,000 Crore Rs 20,000 Crore Rs 40,000 Crore 4. __________ is the ratio of the change in quantity demand of a commodity to the given change in its price ? Unitary elastic demand Price Elasticity of Demand Elasticity of demand Relatively elastic demand Perfectly elastic demand 5. The result or observation of ‘Engel’s Law on Family Expenditure’ is _________? Amount spent on health and education increases Amount spent on food increases Clothing and house rent expenses remains almost same Recreation expense increases All of the above 6. How much overdraft facility to be provided in 'Pradhan Mantri Jan Dhan Yojana' scheme ? Rs. 4000 Rs. 2000 Rs. 5000 Rs. 10000 None of these 7. On the recommendations of Y.M. Deosthalee committee, the Reserve Bank of India will set up a PCR, which will be an extensive database of credit information for India that will be accessible to all stakeholders. In ‘PCR’ what does ‘R’ stands for ? Reserve Ratio Rating Registry Review 8. For Payment Banks, the the promoter’s contribution should be minimum ____% of the paid-up equity capital for a period of _____ years. 30%, 5 years 40%, 5 years 40%, 6 years 80%, 5 years 80%, 7 yrar 9. The terms ‘NEER’ and ‘REER’ are related with ? Foreign exchange rate External economic resources International crude oil prices National and regional economic equality Environmental regulation 10. A company in order to be registered as an NBFC (Non - Banking Financial Company) with RBI should have a minimum net owned fund of ? Rs. 100 lakh Rs. 700 lakh Rs. 400 lakh Rs. 200 lakh Rs. 500 lakh Banking Banking Awareness Quiz G.A Banking Awareness Quiz 46 Posted on November 9, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk Welcome to your Banking Awareness Quiz 46 1. How many banks were nationalised in 1980 ? 5 7 6 10 8 2. Recently, the limit under BHIM is increased to _________per transaction and maximum of Rs. ___________ per day for one bank account. 30,000 and 60,000 15,000 and 30000 40,000 and 80,000 20,000 and 40,000 None 3. Which of the following is NOT a measure of Risk Management in Banks ? All are the measures of risk management Deposit Insurance RTGS SLR CRR 4. The term CBS network is often associated with Banking Operations. What does the letter ‘C’ stand for in ‘CBS’ ? Core Capital Critical Commercial Central 5. Name the process of converting the securities held in an electronic form in a Demat account to a physical certificate form ? Dematerialisation Arbitrage Hedging Rematerialisation None 6. The RBI has asked banks to spell out their policy, procedures arid size of the business on which of the following aspects of banking ? On-shore banking Off-shore banking Investments in secondary market Wealth management None of the above 7. As per the RBI guidelines on the licensing of Small Bank and Payment Bank, what is the minimum paid-up capital requirement ? ₹ 50 crores ₹ 100 crores ₹ 250 crores ₹ 500 crores ₹ 1000 crores 8. An unbanked customer can initiate IMPS transaction using the services of ? PCI PFI PDI PPI None of the above 9. CAC means the ability of the domestic residents to converts the local currency to any foreign currency at will. What does ‘A’ stands for in ‘CAC’ ? Account Act Agency Agenda Application 10. Crossing on a cheque can be cancelled by the _______ of the cheque under his full signature ? payee drawee endorser holder drawer Banking Banking Awareness Quiz G.A error: Content is protected !!