Banking Awareness Quiz 52 Posted on November 10, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk Welcome to your Banking Awareness Quiz 52 1. In which of the following Sections of the Negotiable Instruments Act, 1881 has the term 'demand draft' been defined ? section 85 section 123 section 31 section 6 section 101 2. The head office of the Unique Identification Authority of India is located in which of the following cities ? New Delhi Hyderabad Bangalore Chennai Mumbai 3. Which of the following sections of the Negotiable Instruments Act, 1881 is applicable for cases of dishonour of cheque? Section 141 Section 12 (A) Section 138 Section 131 (A) Section 121 4. Which of the following banks has the tagline, ‘Experience our Expertise’? ICICI Bank Axis Bank Yes Bank IndusInd Bank HDFC Bank 5. Which of the following motif has been printed boldly on the backside of the new Rs 100 note ? Rani Ki Vav Swachh Bharat Abhiyan Logo Ashoka Pillar Hampi with Chariot Sanchi Stupa 6. Foreign Exchange Reserves of India are kept in the custody of which of the following organisations ? Government Treasury International Bank for Reconstruction and Development State Bank of India International Monetary Fund Reserve Bank of India 7. Which of the following countries is a member of South Asian Association for Regional Cooperation (SAARC) ? Qatar Nepal Vietnam Azerbaijan Oman 8. The Goods and Services Tax (GST) was implemented in India a short while ago. Which of the following taxes is not replaced by it ? Service tax on the Centre's front Excise duty Value Added Tax (VAT) at states end Cesses, surcharges None of the above 9. What is the age limit for minors to operate a savings account in India ? below 9 years below 8 years above 10 years below 6 years None of these 10. What is the full form of LAF, as used in banking world very frequently ? Local Advance Finance Liquid Advances Finance Liquidity Adjustment Facility Legal Adjournment Formality Late Arrival of Finance Advertisements Banking Banking Awareness Quiz G.A Banking Awareness Quiz 51 Posted on November 10, 2018 by kseducational Leave a comment Banking Awareness Quiz 51 for IBPS Po Mains and IBPS Clerk Welcome to your Banking Awareness Quiz 51 1. When an e-Way Bill is generated, a unique e-Way Bill Number (EBN) is made available to the supplier, recipient, and the transporter. EBN consists of a total of how many digits ? 11 9 12 10 16 2. White Label ATMs or Non-bank ATM operators are authorized under which of the following Acts? Negotiable instruments act 1881 Payment & Settlement Systems Act, 2007 Companies Act 2013 Banking Regulation Act, 1949 None of these 3. Which of the following is not a component of a Financial System ? Financial Intermediaries Financial Institutions Financial Consumers Financial Markets Financial Products 4. Which of the following is/are the elements of a Union Budget? I. Estimates of revenue and capital receipts II. Ways and means to raise the revenue III. Estimates of expenditure Select the correct answer using the codes given below: Only 1 Only 2 Only 3 All of the above None 5. Where is the headquarters of the International Civil Aviation Organization (ICAO) located ? Edinburgh Frankfurt Montreal Oslo Sydney 6. What is the dimension of the ₹ 50 banknote ? 66 mm x 146 mm 66 mm x 150 mm 73 mm x 135 mm 66 mm x 135 mm 73 mm x 157 mm 7. What is the limitation imposed by RBI on the denominations of the Indian currency to be issued ? Rs. 1000 Rs. 10,000 Rs. 500 Rs. 5,000 Rs. 2000 8. Securities and Exchange Board of India (SEBI) has tightened the Know Your Customer (KYC) rules for foreign investors. According to the new rules, what is the stake that a person must own in a Foreign Portfolio Investor(FPI), structured as a company, to be considered as the Beneficial Owner ? 12% 30% 20% 25% 15% 9. What does NBFC, used often with respect to the banking sector, stand for ? New Business Finance & Credit New Banking Finance Company Non Business Fund Company National Banking & Finance Corporation None 10. The PIDF was set up for financing ongoing rural Infrastructure projects. What does 'I' stand for in 'RIDF' ? Infrastructure Interest Interbank Immediate Income Banking Banking Awareness Quiz G.A Banking Awareness Quiz 50 Posted on November 10, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk Welcome to your Banking Awareness Quiz 50 1. Whenever somebody needs foreign currency against Indian Rupee, banks give equivalent amount of desired currency based on prevalent rate, the rate is called as ____ ? Exchange rate Bank rate Base rate Currency rate Policy rate 2. Which of the following statements are correct with respect to the Foreign currency convertible bond (FCCB)? a. FCCBs are equity-linked debt securities which give the holder the right to convert the bond into equity or a depository receipt (DR) after a certain period of time. b. Companies issue foreign currency convertible bonds to raise money in Indian currency c. FCCBs are tradable on the stock exchange. d. Like any other debt raising instrument, FCCBs appear on the assets side of the balance sheet of the company issuing them. Only a, b and d Only a and c only b and d only a, c and d only and b 3. What do you understand by Cheque Truncation System ? A new technology to process payments between Banks exclusively Physical movement of a cheque is stopped between banks and instead of physical movement an electronic image be exchanged for clearance of funds which is faster and safer. Issue of cheques to customers be made more secure by introducing more enhanced security features The physical movement of a cheque for clearance of funds be made more secure None of these 4. The headquarter of World Bank is in _______? Canada Italy London Washington D.C None of these 5. The government has decided to increase the minimum support price (MSP) for kharif crops. This step will be applicable to several crops including rice. Which of the following commissions applies MSP ? Agricultural production and value addition commission Commission for Agricultural Costs and Prices Commission for farmers income Agricultural cost and value addition commission Commission for Agricultural and farmers 6. Which of the following is not true about “Payment Banks”? They can accept deposit up to Rs.1 lakh They cannot lend money to customers Main objective of the payment banks is to accelerate Financial inclusion They can issue Debit They can issue Credit card 7. India’s first integrated lifestyle and banking digital service platform named ‘YONO’ (acronym for ‘You Only Need One’) was launched by ____ ? Yes SBI ICICI HDFC Canara 8. Which of the following Crypto currency Dealers launched India’s first mobile ‘Bitcoin trading' app for transacting in virtual currencies ? BitFin Exchange Pluto Exchange Ether Delta Exchange Venus Exchange None of these 9. Which of the following banks launched India’s first bond index series for overseas investors at the London Stock Exchange (LSE) ? State Bank of India (SBI) Punjab National Bank (PNB) Indian Overseas Bank (IOB) Union Bank of India (UBI) None of these 10. In which of the following Indian cities is the headquarter of Bandhan Bank located ? Chennai Kolkata Delhi Hyderabad None of these Banking Banking Awareness Quiz G.A Banking Awareness Quiz 49 Posted on November 10, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk Welcome to your Banking Awareness Quiz 49 1. Which among the following debentures can not be converted into equity shares ? Convertible Debentures Non- Redeemable Debentures Redeemable Debentures Non-convertible Debentures All of the above 2. FSLRC is a body set up by Govt of India to look into Indian Financial Sector. What does S stands in FSLRC ? Society Secular Sector Social None 3. What is a Corporate Hedging ? It is a mechanism to protect firm’s exposure to forex risk It is a mechanism to protect firm’s exposure to equity risk It is a mechanism to protect firm’s exposure to market risk It is a mechanism to protect firm’s exposure in international trade None 4. What is the maximum limit on the amount of money that can be sent under RDA (Trade) ? Rs. 10 lakh No Limit Rs. 15 lakh Rs. 5 lakh None 5. The Indian Financial System Code (IFS Code) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement Systems in India. IFSC code consists of how many alphanumeric codes ? 12 9 10 8 11 6. Under Basel, ________ is designed to ensure that banks build up capital buffers during normal times which can be drawn down as losses are incurred during a stressed period ? Counter Cycle Buffer Leverage Ratio Capital Conservation Buffer All of the above None 7. According to the Depositor Education and Awareness Fund (DEAF) Scheme 2014, deposits which were not operated or are unclaimed for which of the following periods had to be transferred annually to the DEAF account ? 12 10 5 3 2 8. Which among the following does not has a legal status ? Hundi Demand Draft Promissory Note Cheque Bills of exchange 9. The theory for National Income level determination and equilibrium aggregate income & output in an economy was given by ? Adam Smith Karl Marx Alfred Marshall Amartya Sen John Maynard Keynes 10 . 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 ? Demat Account Fixed Deposit Account Recurring Account Saving account Current Account Banking Banking Awareness Quiz G.A error: Content is protected !!