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November 17, 2015

Banking Awareness Quiz for IBPS Clerks & RBI Exams 2015 - Set 71

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1. Cash Management Bills (CMBs)
a) Government of India, in consultation with the Reserve Bank of India, has decided to issue a new short-term instrument, known as Cash Management Bills (CMBs), to meet the temporary mismatches in the cash flow of the Government.
b) The CMBs have the generic character of T-bills but are issued for maturities less than 91 days.
c) Like T-bills, they are also issued at a discount and redeemed at face value at maturity.
d) The tenure, notified amount and date of issue of the CMBs depends upon the temporary cash requirement of the Government.
e) All the above

2. Which of the following banking System is generally referred to involvement of financial intermediaries in aiding credit creation without regulatory oversight.
a) Tiered Banking
b) Shadow Banking
c) Multiple banking
d) Universal banking
e) Multicity Banking

3. BPSS stands for:
a) Banking Payment Settlement Systems
b) Board for Payment and Settlement Systems
c) Bank for Payment and Settlement Sector
d) Board for Payment Service Sector
e) None of the above

4. The main purpose of Anti Money Laundering is CFT, which stands for:
a) Criminal Financial Terrorism
b) Combating Financing of Ten-prism
c) Combating Factional Terrorism d) Common Financial Terrorism
e) None of the above

5. Own Your NPA' campaign to push managers to focus on top 20 bad loan accounts in their jurisdiction
a) IDBI Bank
b) ICICI Bank
c) HDFC Bank
d) Karur Vysya Bank
e) Union Bank of India

6. What are the provisions of remuneration of the banking ombudsman?
a) He is eligible for remuneration and other perquisites
b) This will be determined by the RBI
c) This has to be borne by banks proportionately
d) All the above
e) None of the above

7. Which of the following entity was set up in 1994 to oversee the Indian Financial System, comprising not only commercial banks, state cooperative banks, but also the All India Financial Institutions (AIFIs) and Non-Banking Finance Companies (NBFCs).?
a) Central Board of Directors (CBD) b) RBI
c) Board of Financial Supervision (BFS)

8. Which of the following specialised financial institutions has not been created by RBI?
a) National Bank for Agriculture and Rural Development (NABARD)
b) Deposit Insurance and Credit Guarantee Corporation of India (DICGC)
c) National Housing Bank(NHB)
d) Mudra bank
e) None of the above

9. National Institute of Bank Management (NIBM) is located at:
a) Mumbai
b) Hyderabad
c) Pune
d) Kolkata
e) New Delhi

10. Certificates of Deposit (CDs) and Commercial Paper (CPs) are the instruments widely used in which of the following Financial Sector market?
a) Credit Market
b) Stock Market
c) Corporate Debt Market
d) Money Market
e) Forex Market

11.Bharatiya Reserve Bank Note Mudran Limited established as a fully owned subsidiary of the Reserve bank has it's Bank note press at
a) Mysore
b) Dewas
c) Nashik
d) Noida
e) All the above places

12. What is the maximum percentage of Net Demand andTime Liabilities (NDTL) RBI is empowered to increase?
a) 50%
b) 40%
c) 30%
d) 60%
e) No such stipulation

13. The Banking Ombudsman may reject a complaint at any stage if it appears that the complaint made is:
a) Not on the grounds of complaint referred to above
b) Compensation sought from the Banking Ombudsman is beyond Rs 10 lakh
c) Requires consideration of elaborate documentary and oral evidence and the proceedings before the Banking Ombudsman are not appropriate for adjudication of such complaint
d) If in the opinion of the Banking Ombudsman there is no loss or damage or inconvenience caused to the complainant.
e) All the above

14. To authenticate a Digital signature in Cheque Truncation System (CTS), which of the following keys are used?
a) Private key
b) Public Key
c) Master Key
d) Only (ii) and (iii)
e) None of the above

15. In case of non-compliance of the award by the bank the baking ombudsman will report to;
a) Reserve bank of India.
b) Supreme court
c) Finance ministry
d) Consumer protection forum
e) Head Office of the concerned Bank

16. A & B are maintaining an 'E or S' account. D has been named as nominee. Balance in the account will be payable to on the death of A.
a) Jointly to B and Nominee D
b) Jointly to B and legal heirs ofA
c) B alone
d) D alone
e) Will be referred to RBI

17. NREGA (National Rural Employment GuaranteeAct) is renamed after :
a) Jawahar Lal Nehru
b) Mahatma Gandhi
c) Indira Gandhi
d) Rajeev Gandhi
e) Jayaprakash Narayan

18. Bank can grant loans against
a) LIC Policy
b) CDs
c) FD issued by other bank
d) Mutual fund
e) None of the above

19. Which is not a retail deposit product?
a) Credit card
b) Term deposits
c) Senior citizen deposits
d) No frills account
e) Letter of Credit

20. As per the RBI's Clean Note Policy, writing on a Currency Note is  ________
a) An Offence
b) A Crime
c) A Punishable Offence
d) The notes become non-legal tender
e) No such stipulations

Shared by Shravan Varma Gadhiraju 

Read more Banking Awareness Expected Questions from below

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