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October 25, 2015

Banking Awareness Quiz for IBPS Bank Exams 2015 - Set 67

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Hi friends, I am Shravan again. Here I am sharing Banking Awareness quiz taken from news papers. Happy Reading :)
  1. Co-operative Banks come under the control of RBI by virtue of certain provisions of:
    1.  Reserve Bank of India Act 1934
    2.  Banking Laws (Application to Co-operative Societies) Act 1965
    3.  Banking Regulation Act 1949
    4.  Negotiable Instruments act 1881
    5.  All the above
  2. Which among the following is part of the banking business under the provisions of section 6(1) of B R Act:
    1.  Collecting and transmitting of money
    2.  Negotiating loans and advance
    3.  Acquiring and holding the investments
    4.  All the above
    5.  None of the above 
  3. Which one of the following is not Appropriate:
    1.  A Commercial bank is prohibit-ed in selling insurance products
    2.  An urban co-operative bank can sell mutual fund products
    3.  A Private Sector bank can issue a Credit card
    4.  A Nationalized bank is permit-ted to accept articles under safe custody
    5.  None of the above 
  4. Which kind of assistance is provided by EXIM Bank to Indian companies?
    1.  Direct loans to exporters
    2.  Technology services
    3.  Consultancy services
    4.  Credit for export of capital goods
    5.  All the above 
  5. Banks in India can be classified under _________ categories:
    1.  A body corporate constituted under a special statute
    2.  Company registered under the companies act
    3.  Foreign company
    4.  1, 2 only
    5.  All 1, 2 and 3
  6. Central government can exempt a particular bank from the pro-visions of banking regulation act:
    1.  On the recommendations of the RBI.
    2.  If the central government is satisfied with the case
    3.  If requested by the board of directors of the bank
    4.  If unanimous resolution pass-ed by shareholders of the bank
    5.  All the above 
  7. Other than the Governor, Deputy Governors of RBI, the other directors are :
    1.  Appointed
    2.  Nominated
    3.  Selected
    4.  Elected
    5.  Any of the above
  8. Which of the following statements is not correct regarding nominations?
    1.  Two or more persons can be nominated by a depositor or group of depositors. A Bank will have a full discharge of its liability if it makes the payment to the nominee.
    2.  Bank is not obliged to receive any notice of claim from any other person other than the depositor
    3.  The Bank will take due notice of any order or certificate from competent jurisdiction relating to deposits where nominee is appointed.
    4.  Nominee should be individual and not an institution.
    5.  Only 1 & 2 
  9. Which of the following statements is correct ?
    1.  RBI approval is required for appointment of a chairman of a Bank.
    2.  RBI is empowered to remove top managerial personnel of a Bank.
    3.  RBI may appoint suitable person in place of the person so removed.
    4.  Only 2 & 3
    5.  All the above 
  10. If RBI cancels the license of a bank, the bank has the remedy option of:
    1.  Filling a review application before governor of RBI
    2.  Filling an appeal with RBI after passing a general body resolution
    3.  Appealing to central government
    4.  Appeal after recommendations of general body and governor to central government
    5.  Any of the above 
  11. Which of the following statements is correct ?
    1.  The RBI may decide the maximum amount of advance which a Bank may provide to one company or firm or individual.
    2.  RBI may advice the Bank for which maximum amount of guarantee may be given to any one company or firm
    3.  RBI is empowered to determine other terms and conditions to be followed by a Banking company while considering the loans and advances.
    4.  Only 2 & 4
    5.  All the above 
  12. A bank has refused to open the account without any valid reasons. When the matter was referred to the Bank's Regional Office, no response received even after two months. Then:
    1. The person can refer the matter to Banking Ombudsman.
    2.  Even though he is yet to be-come the customer of the bank, he can refer the matter to Banking Ombudsman.
    3.  Since he is the non customer he loses the right to refer the matter to Banking Ombudsman
    4.  The person can refer the matter to the Head Office/ Corporate Office of the Bank and then only can approach Banking Ombudsman
    5.  None of the above 
  13. Most of the banks have established  _________  for giving focused attention to a particular aspect of banking:
    1.  Specialized branches
    2.  Large branches
    3.  Medium branches
    4.  Overseas branches
    5.  None of the above
  14. If a co-operative bank fails, the depositors of such a bank is protected up to Rs.1 lakh subject to the provision that:
    1.  The depositor is not having more than Rs.1 lac at the time of failure of the bank
    2.  The bank has registered with the DICGC
    3.  The depositor has is not having more than one deposit account
    4.  The depositor has opted for insurance coverage specifically
    5.  If the bank is paying Insurance Premium to LIC regularly 
  15. Which of the following statements not correct?
    1.  The Nationalized Banks may go to public to raise capital
    2.  Public Sector Banks can raise foreign equity up to 49 per cent
    3.  Private Sector Banks can raise capital from the public
    4.  Regional Rural Banks cannot raise capital from the public
    5.  None of the above 
  16. Which of the following is correct regarding Capital Adequacy Ratio?
    1.  The objective of Capital adequacy is to strengthen the financial stability of banks
    2.  Capital is divided into two tiers, tier I and tier II
    3.  Assets are assigned risk weight from 0-100 based on intensity of risk
    4.  Only 2 is correct
    5.  All the above 
  17. What are the implications of moral suasion ?
    1.  It has only psychological advantage
    2.  It has no legal sanction
    3.  It may or may not be an effective tool
    4.  It is only a trial of RBI to exercise its function to control the economic system
    5.  All the above 
  18. The limits for FPI investment in govt. securities (G-sec)  will be raised in phases (by March 2018) to what per cent of the outstanding stock as per RBI?
    1.  2 %
    2.  3%
    3.  4%
    4.  5%
    5.  6% 
  19. Which of the following agencies maintain RIDF (Rural Infrastru-cture Development Fund) ?
    1.  Ministry of Rural Development
    2.  Reserve Bank of India
    3.  NABARD
    4.  SIDBI
    5.  None of the above 
  20. RBI announced in its fourth policy review on 29th September that India's GDP growth for 2015-16 can be estimated as:
    1.  7.6 %
    2.  7.4%
    3.  7.2%
    4.  7.1%
    5.  6.9%

Read more Banking Awareness Expected Questions from below

Download Banking Awareness Quick Reference Guide for IBPS PO V from here
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