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August 28, 2015

Banking Awareness Quiz for IBPS Bank Exams 2015 - Set 55

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  1. Indian Financial System comprises of ?
    1. Scheduled Commercial Banks
    2. Non-Banking Financial Institutions 
    3. Urban Co-Operative Banks
    4. All of the above 
    5. None of the above
  2. Statement of Raghuram Rajan on 11th June 2015 about the funds of NRIs in Indian Chit Fund companies given. the wrong statement is ________ ?
    1. NRIs allowed investing in chit funds on non-repatriation basis in chit fund companies
    2. There is no limit for such funding
    3. In the year 2000, non-residents were barred from investing in a company or firms engaged in the business of chit fund
    4. Such funds to be allowed after getting prior approval of SEBI, the controller of chit funds in India
    5. NRI funds in chit fund companies should be brought in through normal banking channel by operating a bank account only
  3. PayZapp details are given, Locate the wrong option
    1. On 10th June 2015, PayZapp launched by HDFC Bank
    2. It is complete digital payment and purchase solution
    3. It is not a pre-paid wallet 
    4. It reflects the account and credit card balance also
    5. None of these
  4. RBI on 9th June 2015 said Indian corporate eligible to raise ECB are permitted to issue rupee linked bonds overseas. ECB stands for ?
    1. End Commercial Borrowings 
    2. External Core Borrowings 
    3. External Commercial Borrowings 
    4. External Commercial Benefits 
    5. None of these
  5. The Reserve Bank of India (RBI) on 8th June 2015 announced SDR Scheme which allows banks and non-banking lending institutions to convert their loans into equity stake. In this context, SDR stands for ?
    1. Strategic Debt Repository
    2. Strategic Deal Restructuring
    3. Strategic Debt Restructuring 
    4. Structure Debt Restructuring 
    5. None of these
  6. The Reserve Bank of India (RBI) cut the Repo Rate on 2nd June 2015 by 25 basis points. What is the present repo rate 
    1. 6.25 percent
    2. 7.25 percent
    3. 8.25 percent
    4. 8.50 percent
    5. 7.50 percent
  7. On 1st June 2015, which nation has unveiled the world's first facial recognition ATM ? 
    1. USA
    2. UK
    3. India
    4. China
    5. England
  8. On 1st June 2015, "Her Ghar Her Car" scheme launched by which bank, having an objective of reaching out to women in the country and empowering them to take decisions that can change the course of their family and society at large ?
    1. RBI
    2. SBH
    3. NHB
    4. IDBI
    5. SBI
  9. Finance Minister Arun Jaitley has inaugurated New Bank Note Paper Line of 6000MT capacity at ________ on 30th May 2015
    1. Hoshangabad, MP
    2. Nashik, Maharashtra 
    3. Chennai, Tamil Nadu
    4. Hyderabad, Telangana 
    5. Kochi, Kerala
  10. Which bank on 29th May 2015 launched an Online Customer Acquisition Solution (OCAS) ?
    (It is an online platform to apply for Home Loans, Car Loans, Educational Loans and Personal Loans).
    1. ICICI
    2. IndusInd Bank
    3. SBI
    4. HDFC Bank
    5. Kotak Mahindra Bank
  11. Which bank became the first ever on 25th May 2015 to launch a voice recognition service, which authenticates customers based on their speech pattern and allows bank transactions through banks call centre ?
    1. Canara Bank
    2. Corporation Bank
    3. ICICI Bank
    4. HDFC Bank
    5. SBI
  12. The Lok Sabha on 13th May declared the Negotiable Instruments (Amendment) Bill, 2015. It provides that cases of bouncing of cheques can be filled only in a court in whose jurisdiction the _____
    1. drawer bank head office lies
    2. bank branch of the drawer (person who issue the cheque) lies 
    3. all cases transfer to Mumbai, as RBI has headquarters there
    4. Payee bank's headquarters lies
    5. bank branch of the payee (person who receives the cheque) lies
  13. On 29th April 2015, RBI set a target of ANBC, (Adjusted Net Bank Credit) prescribed for Micro Enterprises, to be achieved in a phased manner i.e 7 percent by 
    1. March 2016
    2. March 2017
    3. March 2018
    4. March 2019
    5. December 2016
      • Note : A target of ANBC prescribed for Micro Enterprises, to be achieved in a phased manner i.e., 7.5 percent by March 2017
  14. Which of the following Private Sector Banks in India announced its international foray by opening its first overseas representative office in Abu Dhabi, UAE on 27th April 2015 ?
    1. YES Bank
    2. IndusInd Bank
    3. Federal Bank
    4. ICICI Bank
    5. KOtak Mahindra Bank
  15. ON 23rd April 2015, RBI revamps priority sector lending norms in the case of home loans. As per these norms loans of up to Rs. 28 lakh to individuals in metropolitan centres will qualify as Priority Sector Lending, provided the overall cost of the dwelling unit is __________
    1. Rs. 50 lakh
    2. Rs. 30 lakh
    3. Rs. 55 lakh
    4. Rs. 45 lakh
    5. Rs. 35 lakh
  16. On 8th April 2015, PM Narendra Modi launched the Micro Units Development Refinance Agency (MUDRA) Bank which will provide credit up to Rs. 10 lakhs to ______
    1. Large Scale Industries
    2. Solar Industries 
    3. Software parks 
    4. Fashion Industries entrepreneurs
    5. Small entrepreneurs 
  17. On 22nd March 2015, the SEBI declared the slew of reforms including the listing of ________ 
    1. Government bonds
    2. Private companies bond
    3. Bank bonds 
    4. PSU bonds 
    5. Municipal bonds
  18. On 25th February 2015, RBI said _____ given to account holders under Jan Dhan Yojana come under Priority Sector holding.
    1. zero balance facility 
    2. free online facility 
    3. free passbook facility 
    4. free SMS facility 
    5. overdraft facility
  19. Which bank launched "Digital Village" project while adopting an entire village, Akodara in Gujarat on 2nd January 2015 ?
    1. HDFC Bank
    2. ICICI Bank
    3. SBI
    4. Kotak Mahindra
    5. Axis Bank
  20. What is the upper limit on withdrawals at micro automatic teller machines (ATMs) capped by the banks ?
    1. Rs. 1,000
    2. Rs. 2,000
    3. Rs. 5,000
    4. Rs. 10,000
    5. Rs. 25,000

Read more Banking Awareness Expected Questions from below

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