Banking Awareness Quiz for IBPS Bank Exams 2015 - Set 59

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Hi friends,  I am Shravan again. Here I am sharing the Set 15 questions of General and Banking Awareness taken from News Papers. Happy Reading :)

1. IFSC in a cheque means:
1. Indian Financial System Code
2. It has 11 digits alpha numeric
3. First 4 digits represent Bank Name
4. This code is used in remitting funds through R TGS and NEFT
5. All the above 
2. "Hundi" is a
1. Draft
2. Cheque
3. Bill of exchange
4. Promissory note
5. None of these 
3. Banking Industry has been declared as public utility service for purpose of
1. Negotiable Instruments ACT, 1881
2. Reserve bank of India Act, 1934  
3. Banking regulation Act, 1949
4. Industrial Disputes Act
5. None of these 
4. Bank would prefer to mobilize deposits under Savings Bank accounts, because:
1. Account holders will be motivated to save since savings account offer interest also
2. It is a low cost deposit for the bank and banks can profitably deploy such funds
3. Banks want to inculcate the savings habit among the public
4. All of the above
5. None of the above 
5. Basic Objective of SEBI is / are:
1. To promote the interests of investors in securities
2. To promote the development of Securities Market
3. To regulate the securities market
4. To protect the interest of the investors to improve the stock market investments
5. All of the above 
6. Customer Day in the bank is on and customers are allowed to meet the top officials of the bank on this day in every month:
1. 5th
2. 10th
   
3. 15th
4. 30th
5. Any of the above dates 
7. "Allonge" is
1. A piece of paper for making endorsements
2. A piece of paper attached to a negotiable instrument for ma-king available more space for further endorsements
3. Both a and b
4. Duplicate DD issued to a customer
5. Bill payable after sight 
8. NEFT is useful because:
1. The remitter need not send the physical cheque or Demand Draft to the beneficiary.
2. The beneficiary need not visit his/ her bank for depositing the paper instruments
3. The beneficiary need not be apprehensive of loss/ theft of physical instruments or the likelihood of fraudulent encashment thereof
4. Cost effective
5. All the above 
9. Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
1. Fixed Income
2. Specific Fund
3. Close Ended
4. Open Ended
5. Mixed Fund 
10. PAN number is required for all transactions above:
1. Rs. 25,000
2. Rs. 50,000
3. Rs. 1 lakh
4. Rs. 10 lakh
5. No such restriction 
11. Banking Ombudsman services are available to:
1. All Scheduled Commercial Banks
2. Regional Rural Banks
3. Scheduled Primary Co-operative Banks
4. Only a & c
5. All the above 
12. An asset, including a leased asset becomes non-performing when:
1. It ceases to generate income for the bank
2. A performance Guarantee issued by the bank on behalf of the borrower is invoked
3. It is rendered useless due to wear and tear or its becoming obsolete
4. The borrower dies
5. None of the above 
13. Counter guarantee means a guarantee obtained:
1. By bank from customers on whose behalf the banks have to issue guarantees in favour of third parties, such as government department, Public bodies, Corporations etc.
2. By banks from ECGC covering export risk
3. By banks from the beneficiary of the guarantee in whose favour the guarantee is to be issued
4. A guarantee issued to the guarantor
5. None of the above 
14.  Which of the following statements is correct about banks?
1. Banks cannot accept demand and time deposits from public.
2. Banks can accept only time deposits from public.
3. Banks can accept both demand and time deposits from public.
4. Banks can accept demand and time deposits only from government
5. None of the above 
15. The RBI issued the following guidelines for effective Asset Liability Management System
1. Bank should set up an internal Asset Liability Committee
2. The committee should be headed by CMD or ED
3. The Management committee of the Board should oversee implementation of the system
4. Decision of ALCO is to be implemented in letter and spirit
5. All of the above 
16. The major responsibilities of Asset Liability Committee are
1. Product pricing for deposits and advances
2. The level of maturity profile and mix of the incremental assets and liabilities
3. The committee should also re-view the 3 results and progress of implementation
4. All of the above
5. None of the above 
17. What is "NIKICET"
1. Share price Index of Tokyo share market
2. Name of Japanese central bank
3. Japanese name of the county's planning commission
4. Foreign Exchange market of Japan
5. Only 1 & 4 
18. Asia's oldest stock exchange which completed 140 years of operations on 2015 July 9 ?
1. NSE
2. Hyderabad Stock Exchange
3. BSE
4. Madras Stock Exchange
5. None of these 
19. The bank allowed by the FIPB to raise its FIT cap to 55% recently:
1. ICICI Bank
2. Andhra Bank
3. Bank Of Maharastra
4. Kotak Mahindra Bank
5. Bank Of Baroda 
20. Gilt - Edged Market refers to:
1. The market for government
2. Semi-government securities
3. It carries fixed rates of interest
4. Most secured investment
5. All the above

Read more Banking Awareness Expected Questions from below

• Set 1
• Set 2
• Set 3
• Set 4
• Set 5
• Set 6
• Set 7 
• Set 8
• Set 9 
• Set 10
• Set 11
• Set 12
• Set 13 
• Set 14 
• Set 15 
• Set 16 
• Set 17
• Set 18 
• Set 19
• Set 20
• Set 21
• Set 22
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• Set 26 
• Set 27 
• Set 28 
• Set 29 
• Set 30 
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• Set 39 
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• Set 41 
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• Set 44 
• Set 45 
• Set 46 
• Set 47 
• Set 48 
• Set 49 
• Set 50
• Set 51
• Set 52
• Set 53 
• Set 54
• Set 55 
• Set 56
• Set 57 
• Set 58

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