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August 29, 2015

Banking Awareness Quiz for IBPS Bank Exams 2015 - Set 56

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  1. In the Banking terminology, Green PIN means ___________
    1. the bank ask the customer to open the account in online only, and no printed application will be given
    2. the ATM withdrawal receipt given in the Green color to recognize easily
    3. the display in ATM appear in Green Color when it asking the customer to type PIN number 
    4. card users were given the PIN numbers electronically rather than in a printed kit
    5. None of these
  2. Which of the following is an example of financial assets ?
    1. National Savings Certificates 
    2. Infrastructure Bonds
    3. Indira Vikas
    4. Krishi Vikas
    5. All of these
  3. Which of the following is NOT a financial instrument ?
    1. Hundis
    2. Promissory Notes 
    3. Certificate of Deposits 
    4. Commercial Paper 
    5. None of the above 
  4. Sanjay, a minor aged 11 years, desires to open a saving account. His mother is illiterate and his father became sanyasi. He has his grandparents. Who will be his natural guardian ?
    1. Guardian appointed by court 
    2. Sanjay himself can operate
    3. Father 
    4. Mother 
    5. Grand Father 
  5. Banks also provide assistance to the MSE entrepreneurs through their FLC.  FLC stands for ?
    1. Front Literacy Centre 
    2. Financial Literacy Centre 
    3. First Literacy Centre 
    4. Fourth Literacy Centre 
    5. None of these
  6. For tracing prices of residential properties in India, who launched the index by name "RESIDES" ?
    1. NHB
    2. NABARD
    3. RBI
    4. Syndicate Bank
    5. None of these
  7. As per RBI guidelines banks are no longer allowed to penalize their customers for ________
    1. Non-maintenance of minimum balance in inoperative accounts 
    2. Non-maintenance of minimum balance in current account 
    3. Non-maintenance of minimum balance in savings bank account
    4. Bouncing of cheques issued for non availability of funds
    5. Premature withdrawal of term deposits 
  8. The RBI has come out with a new concept of bank licensing termed as "Differentiated Bank License". A differentiated bank license will allow a bank to ___________
    1. open branches in only identified geographical areas
    2. deal branches in only identified class of customers 
    3. offer products only in select verticals
    4. offer services to specified institutions / customers 
    5. operate on principles of universal banking 
  9. The present Indian monetary is based on _________
    1. Gold reserve system 
    2. Proportional reserve system 
    3. Convertible reserve system
    4. Minimum reserve system
    5. None of these
  10. SBI has recently launched a new facility called "mPassBook" for its retail bankign users on its "State Bank Anywhere" mobile application. The facility enables to users to ___________
    1. Perform e-commerce transactions through their smartphone
    2. Send requisition for cheque books through their smartphones. 
    3. Perform internet banking transactions through their smartphones 
    4. View their transaction history on their smartphones
    5. Remit funds under RTGS/NEFT through their smartphones  
  11. Which Bank has started its awareness campaigns across Delhi on Prime Minister's three latest social security schemes ?
    1. Canara Bank
    2. MUDRA bank
    3. ICICI Bank
    4. SBI
    5. Union Bank of India
  12. Bankers generally DO NOT allow opening of accounts in the name of ___________
    1. Executors and trustees 
    2. Persons of unsound mind
    3. Illiterate persons 
    4. Pardanashin ladies 
    5. Visually Impaired persons
  13. Which bank has decided to discontinue issuing slips after cash withdrawals at ATMs and will alert the customer through SMS only ?
    1. SBI
    2. Canara Bank
    3. HDFC
    4. Axis Bank
    5. Allahabad Bank
  14. White label operator, Tata communications payment solutions partnered with _____________ a payment technology provider, to set up more ATM services in rural unbanked regions. 
    1. Oxygen
    2. Vodafone
    3. FINO Pay Tech
    4. FARGO
    5. None of these
  15. To bring poor under the network of financial inclusion, which of the following will be the most important financial service ?
    1. Life Insurance 
    2. Bank Account 
    3. Health Insurance 
    4. Old Age Pension 
    5. Public Provident Fund
  16. Mutual Funds fall within supervisory purview of ______
    1. SBI
    2. RBI
    3. SEBI
    4. IRDA
    5. All of these
  17. To help investors better understand risk involved in mutual fund investments, regulator SEBI replaced the mandatory color codes with a _______ containing five levels of risks from low to high. 
    1. Ratemeter 
    2. Grademeter
    3. Riskometer
    4. Flipmeter
    5. None of these 
  18. SEBI now has powers to regulate illegal collective investment schemes where the amount involved is more than __________________
    1. Rs. 1 crore 
    2. Rs. 10 crore 
    3. Rs. 50 crore 
    4. Rs. 100 crore 
    5. None of these
  19. Which of the following is a characteristic of a capital market instrument ?
    1. Liquidity 
    2. Marketability 
    3. Long Maturity 
    4. Liquidity Premium 
    5. All of the above
  20. The RBI governor & Central Government have agreed to introduce inflation targeting and has set a consumer inflation target of ___________, with a band of plus or minus 2 percentage points by end of March 2017.
    1. 4%
    2. 5%
    3. 6%
    4. 7%
    5. 4.5%

Read more Banking Awareness Expected Questions from below

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