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November 27, 2015

Banking Awareness Quiz for IBPS Clerks Online Exam 2015 - Set 74

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  1. A person intending to acquire shares or compulsorily convertible debentures / bonds or voting rights or convert optionally convertible debentures/ bonds of ____________  per cent or more in a private sector bank, he/she will have to apply to the Reserve Bank for obtaining its prior approval.
    1. 40
    2. 5
    3. 10
    4. 20
    5. 30 
  2. Which Act defines the rights of consumers in India and is applicable to banking services as well ? The rights and liabilities of customers availing of internet banking services need to be clearly explained to customers opting for internet banking ?
    1. Consumer Protection Act, 1986
    2. Constitution of India
    3. Indian Penal Code
    4. Criminal Procedure Code 
    5. Civil Procedure Code 
  3. All RRBs which have implemented CBS and have also migrated to Internet Protocol Version 6 (IPv6) and may offer Internet Banking with transactional facility to their customers with prior approval of RBI, subject to which of the following ?
    1. CRAR of not less than 10 per cent.
    2. Networth is Rs.100 crore or more as on March 31 of the immediate preceding financial year
    3. Gross NPAs less than 7 % and Net NPAs not more than 3%
    4. The bank should have made a net profit in the immediate preceding financial year and overall, should have made net profit at least in three out of the preceding four financial years. 
    5. All the above 
  4. Which type of Internet Banking facility may be offered by, all Regional Rural Banks to their customers with-out prior approval of RBI ?
    1. view only facility
    2. edit
    3. redesign
    4. modify
    5. None 
  5. Which of the following transactions cannot be allowed by RRBs under Internet Banking (View only) facility to their customers ?
    1. online fund-based transactions
    2. as balance enquiry
    3. balance viewing
    4. account statement download 
    5. request for supply of cheque books 
  6. In an effort to increase direct lending to agriculture, the target for direct lending to small and marginal farmers under the recently revised Priority Sector Norms has been increased to ____________   percent for 2015-16 and to 8 percent for 2016-17 with an aim to increase the flow of credit directly to farmers.
    1. 9
    2. 7
    3. 7.5
    4. 10 
  7. The guidelines for setting up of wholly-owned NOFHC by eligible entities / groups are released for carrying out business of banking and other permis-sible financial activities in the private sector. In the abbreviation NOFHC, the letter H stands for what?
    1. Habit
    2. Holding
    3. House
    4. Host
    5. Happy 
  8. The name of "Apna Sahakari Bank Ltd., Mumbai" has been included in the Second Schedule to the Reserve Bank of India Act, 1934. Now this bank is called as which type of co-operative bank ?
    1. Apex bank
    2. Scheduled Bank
    3. Commercial Bank
    4. Agriculture band
    5. None 
  9. A bank has set up DD arrangement, CSGL facility, currency chest facility, foreign exchange transactions, remittance facility and non-fund based facilities like BG, letter of credit (LC), etc. Expand the abbreviation BG?
    1. Book Guarantee
    2. Bank Guarantee
    3. Business guarantee
    4. Brisk guide 
    5. None of the above 
  10. What is Investment Vehicle ?
    1. An entity registered and regulated under relevant regulations framed by SEBI or any other authority designated for the purpose
    2. It includes REITs governed by the SEBI (REITs) Regulations, 2014
    3. It includes InvIts governed by the SEBI (InvIts) Regulations, 2014
    4. It includes AIFs governed by the SEBI (AIFs) Regulations, 2012 
    5. All the above
  11. Barter trade was initially permitted along the Indo-Myanmar border. What is barter trade ?
    1. exchange of goods produced, without using money
    2. In this monetary transactions only
    3. In the boarder only done
    4. In the islands only done 
    5. None 
  12. A loan granted for short duration crops will be treated as NPA, if the installment of principal or interest thereon remains overdue for two crop seasons. Expand the abbreviation NPA?
    1. New Product Asset
    2. Non-Performing Asset
    3. National Product Asset
    4. Navy product Asset 
    5. None 
  13. The FITL created by conversion of unpaid interest will be classified in the same asset classification category in which the restructured advance (i.e, loan) has been classified. Further movement in the asset classification of FITL would also be determined based on the subsequent asset classification of the restructured advance. In the abbreviation FITL, the F stands for what?
    1. Finance
    2. Funded
    3. Free
    4. Festival
    5. Feature 
  14. Which need not be treated as NPAs although interest thereon may not have been paid for more than 90 days provided adequate margin is available in the accounts ?
    1. advances against term deposits
    2. NSCs eligible for surrender
    3. IVPs
    4. KVPs, LIC policies 
    5. All the above 
  15. The term 'Advances' includes which of the following ?
    1. all kinds of credit facilities including cash credit, overdrafts, term loans,
    2. bills discounted/ purchased, receivables, etc.
    3. investments other than that in the nature of equity.
    4. All the above 
    5. None of these
  16. When the amounts due to a bank (present value of principal and interest receivable as per restructured loan terms) are fully covered by the value of security, duly charged in its favour in respect of those dues, the bank's dues are considered to be fully secured. These amounts/loans are called as what ?
    1. Social
    2. Fully Secured
    3. Safety
    4. Stuffed 
    5. None 
  17. What is 'Restructured Account' ?
    1. A restructured account is one where the bank, for economic or legal reasons relating to the borrower's financial difficulty, grants to the borrower concessions that the bank would not otherwise consider.
    2. Fully paid loan
    3. subsidized loan
    4. interest paid loan
    5. None
  18. Any credit facility in whatever form extended by lenders (i.e. banks, FIs or NBFCs) to an infrastructure facility will fall within the definition of which type of lending ?
    1. Infrastructure lending
    2. business lending
    3. agriculture finance
    4. personal finance 
    5. retail banking
  19. By which oganisation a technical Group on Statistics for International Trade in Banking Services (TG-SITBS) was set up?
    1. LIC
    2. Reserve Bank of India
    3. SEBI
    4. IRDAI
    5. PFRDA 
  20. Under which Act, acceptance of money under Money Circulation/ Multi-level Marketing/ Pyramid structures is a cogniable offence said by Reserve Bank of India?
    1. Banking Regulation Act
    2. Prize Chit and Money Circulation (Banning) Act 1978
    3. SARFAESI Act
    4. RBI Act
    5. None

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