Monthly Archives: November 2018

Banking Awareness Quiz 62

Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk

Welcome to your Banking Awareness Quiz 62

1. _____ is an insurance professional skilled in the analysis, evaluation and management of statistical information   ?
2. ACV is computed by subtracting depreciation from replacement cost In ACV 'C' stands for ?
3. PCA is a framework which is imposed by the Reserve Bank of India on banks with a higher percentage of Non Performing Assets. What does P stand for in 'PCA' ?
4. In June 2018, the Reserve Bank of India conducted a Financial Literacy Week with the focus on creating banking awareness. Which of the following was the theme of the Financial Literacy Week ?
5. 'Hum hai na', is the tagline of which of the following banks ?
6. Under IMPS, a given amount can also be remitted through ABR Service. What does ABRS stand for?
7. Fugitive Economic Offenders Bill, 2018 will empower authorities to attach and confiscate properties and assets of economic offenders. For which of the following amounts is the term 'fugitive offender' applicable in the domestic territory of India ?
8. What does BFD stand for with respect to Aadhaar Enabled payment System ?
9. The headquarters of the ‘United Nations Children’s Fund (UNICEF) is located in which of the following places ?
10. ATMs which are set up, owned and operated by non-bank entities incorporated under Companies Act 1956, are called ___  ?

Banking Awareness Quiz 61

Banking Awareness Quiz for  IBPS PO Mains & IBPS CLERK

Welcome to your Banking Awareness Quiz 61

1.  The age limit for joining the National Pension System (NPS) is increased as per the government directives. What is the 'new' maximum age to join this scheme now ?
2.  Which of the following statements is/are correct with respect to the Sub-Prime Crisis? 
a) It is a mortgage crisis referring to credit default by the borrowers. 
b) Sub-Prime borrowers were the borrowers who were rated low and were high-risk borrowers. 
c) This crisis originated because of the negligence in the credit rating of the borrowers.
3.  Financial Action Task Force (FATF) is an initiative of which of the following organisation ?
4.  Which of the following term best represents 'the risk of collapse of an entire financial system or a market'?
5.  What does venture capital mean ?
6.  By which of the following bodies in India, are Chit Funds regulated ?
7. PMI is an indicator of business activity, both in the manufacturing and services sector. What does PMI stand for ?
8 . Which among the following curves shows a relationship between inflation and unemployment in the economy ?
9 . SARFAESI Act allows banks and other financial institution to auction residential or commercial properties to recover loans. In SARFAESI 'F' stands  for ?
10 .  Goods which are bought not tor meeting immediate need of the consumer but tor producing other goods are called ?

RC Practice 14 November

Welcome to your RC Quiz 14 November

Direction: Read the following passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these. 

A fact about America today is that for some groups, much more than others, upward mobility and the American dream are alive and well. It may be a taboo to say it, but certain ethnic, religious and national-origin groups are doing strikingly better than Americans overall. Indian-Americans earn almost double the national figure (roughly $90,000 per year in median household income versus $50,000). Iranian-Lebanese and Chinese-Americans are also top-earners. In the last 30 years, Mormons have become leaders of corporate America, holding top positions in many of America’s most recognizable companies. These facts don’t make some groups “better” than others, and material success cannot be equated with a well-lived life. But willful blindness to these facts is never a good policy. 
Jewish success is the most historically fraught and the most broad-based. Although Jews make up only about 2 percent of the United States’ adult population, they account for a third of the current Supreme Court; over two-thirds of Tony Award-winning lyricists and composers; and about a third of American Nobel laureates. The most comforting explanation of these facts is that they are mere artifacts of class — rich parents passing on advantages to their children — or of immigrants arriving in this country with high skill and education levels. Important as these factors are, they explain only a small part of the picture. Today’s wealthy Mormon businessmen often started from humble origins. Although India and China send the most immigrants to the United States through employment-based channels, almost half of all Indian immigrants and over half of Chinese immigrants do not enter the country under those criteria. Many are poor and poorly educated. Comprehensive data published by the Russell Sage Foundation in 2013 showed that the children of Chinese, Korean and Vietnamese immigrants experienced exceptional upward mobility regardless of their parents’ socioeconomic or educational background. 
Take New York City’s selective public high schools like Stuyvesant and Bronx Science, which are major Ivy League feeders. For the 2013 school year, Stuyvesant High School offered admission, based solely on a standardized entrance exam, to nine black students, 24 Hispanics, 177 whites and 620 Asians. Among the Asians of Chinese origin, many are the children of restaurant workers and other working-class immigrants.

1.   According to the passage, which of these may be a taboo?

2. Which of the following is the MOST SIMILAR in meaning to the word printed in bold?         

3. Despite the fact that India and China send most immigrants to the US through an employment-based channel, a majority of them are unable to fulfill the criteria. Why? 

4.  Which of the following is the MOST SIMILAR in meaning to the word printed in bold?   

5. 'But willful blindness to these facts is never a good policy.' 
Which of the following best expresses the context in which the statement has been used in the given passage?

Banking Awareness Quiz 60

Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk

Welcome to your Banking Awareness Quiz 60

1.  ‘All Bank Finance Ltd (ABFL)’ was merged with which of the following banks ?
2.  “CDR” mechanism is a voluntary non-statutory mechanism under which financial institutions and banks come together to restructure the debt of companies facing financial difficulties and provide them with timely support. What does 'CDR' stand for ?
3.  Which of the following section of the Negotiable Instrument Act, 1881 was amended to include the definition of an electronic cheque and that of a truncated cheque ?
4.  The union budget comprises largely of receipts and expenditure. 'Disinvestment' comes under which of the following divisions ?
5. The word CIBIL stands for ?
6. The Marginal Cost of Funds methodology was proposed by the RBI to calculate which of the following ?
7. Which of the following best describe the term ‘import cover’ ?
8. Which of the following functions can be performed by a Payment bank? 
a) Opening current deposit accounts 
b) Opening Demand deposit accounts 
c) Accept NRI deposits 
d) Distribution of insurances. 
e) Utility bill payments 
Select the correct answer using the code given below.
9. The exchange of cash flow in different currency is known as ___?
10. Which of the following is not a Quantitative Measure of Monetary Policy ?