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September 03, 2015

Banking Awareness Quiz for IBPS Bank Exams 2015 - Set 60

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Hi friends,  I am Shravan again. Here I am sharing the Set 60 questions of Banking Awareness taken from News Papers. Happy Reading :)
  1. Which of the following terms is not used in the world of finance, banking and insurance ?
    1. Devaluation
    2. Amnesty
    3. Hard currency
    4. Preference share
    5. None of the above 
  2. Which of the following organizations/ agencies frame the Monetary and Credit Policy which is followed by all banks in India?
    1. Indian Bank's Association
    2. Reserve Bank of India
    3. Securities & Exchange Board of India
    4. Government of India
    5. Sinking fund 
  3. Upper limit prescribed for RTGS transaction is :
    1. 1 lalch
    2. 2 lalchs
    3. 5 lalchs
    4. 50 lakhs
    5. No upper limit is prescribed 
  4. Which of the following bank launched "Project Tatkal" to expedite home loan applications?
    1. SBH
    2. SBI
    3. Axis Bank
    4. HDFC Bank
    5. Union Bank Of India 
  5. Taking banking technology to the common man is the tagline of :
    1. Indian Overseas Bank
    2. ICICI
    3. Union Bank of India
    4. Indian Bank
    5. State Bank of India
  6. As per the new guidelines issued by SEBI, companies are required to list shares with in how many days of the closure of Initial Public Offers (IPOs) ? 
    1. 15 days
    2. 21 days
    3. 12 days
    4. 25 days
    5. None of these
  7. Any amount due to the bank under any credit facility is termed as "overdue" if it is not ?
    1. Paid on the due date fixed by the bank
    2. Paid within 30 days from the due date 
    3. Paid within 45 days from the due date
    4. Paid within 24 hours from the due date 
    5. None of these
  8. Infusion of liquidity by RBI is done through ________ from / to banks under a __________ transaction.
    1. borrowing, repo
    2. lending, repo
    3. borrowing, reverse repo
    4. lending, reverse repo
    5. none of these
  9. Which of the following types of ATMs eliminates the need for PIN entry and authenticated customer transactions by thumb impressions ?
    1. White Label ATMs
    2. Green Label ATMs
    3. Biometric ATMs
    4. On-Site ATMs
    5. Off-Site ATMs
  10. Many banks these days are entering into business of offering loans against property. This business of the banks can be categorized under which of the following heads of banking ? 
    1. Portfolio Management Services
    2. Corporate Banking
    3. Merchant Banking 
    4. Personal Banking
    5. None of these
  11. Services associated with banking, insurance and securities are called ?
    1. Debt Service
    2. Credit Service
    3. Financial Services
    4. Banking Service
    5. None of these
  12. Reserve Bank of India, has appointed Shri Naresh Takkar, MD & CEO of ICRA Ltd as member of External Advisory Committee (EAC) for evaluating applications of payment banks in place of Ms. Roopa Kudva who has recused herself form the committee. Who is the chairman of this committee ?
    1. Nachiket M. Mor, Director, Central Board of Reserve Bank of India
    2. Ms. Roopa Kuduva, former MD & CEO of CRISIL Ltd
    3. Ms. Shubhalakshmi Panse, former CMD of Allahabad Bank
    4. Deepak Phatak, Chair Professor of IIT Bombay
    5. None of these
  13. Which joint venture insurance company launched tablet service "Connect Life" to digitize documentation process ? 
    1. ICICI Prudential
    2. ICICI Lombard
    3. SBI Life
    4. TATA AIG
    5. Reliance Life
  14. Which of the following Private Bank for the first time did set up its branch in China ?
    1. ICICI Bank
    2. HDFC Bank
    3. Axis Bank
    4. MUDRA Bank
    5. Reliance Bank
  15. RRB (Amendment) Bill 2014 has been passed in Lok Sabha to raise authorized capital of RRBs from Rs. 5 crore to __________________
    1. Rs. 100 Cr
    2. Rs. 200 Cr
    3. Rs. 500 Cr
    4. Rs. 1000 Cr
    5. Rs. 2000 Cr
  16. The KYC requirement can be fulfilled through e-KYC only for those who have 
    1. PAN Card
    2. Voter Identity Card
    3. Aadhar Card
    4. Passport
    5. None of these
  17. The Financial year of RBI starts from ?
    1. 1st April
    2. 1st June
    3. 1st July
    4. 1st December
    5. 1st January 
  18. As per new KYC norms for NBFCs, which of the following regarding full KYC updating of individuals and entities is NOT correct ?
    1. High-risk customers-at least two years 
    2. Medium-risk customers at least every 8 years
    3. Low-risk customers at least every ten years
    4. BPL customers at least every ten years
    5. None of the above
  19. Providing various services relating to Capital Market is called ?
    1. Retail Banking
    2. Merchant Banking
    3. Modern Banking
    4. Narrow Banking
    5. None of these
  20. Who all cannot  open account with RBI ?
    1. Schedule Banks
    2. Non-Schedule Banks
    3. General Public
    4. Union Govt of India
    5. Both 1 & 2

Read more Banking Awareness Expected Questions from below

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