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December 04, 2015

Banking Awareness Quiz for IBPS Clerks Online Exam 2015 - Set 75

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  1. The Banking Ombudsman Scheme, 1995 was notified by the Reserve Bank of India on which date under section 35A of the Banking Regulation Act, 1949 ?
    1. 15.8.1949
    2. 26.1.1950
    3. June 14, 1995
    4. 26.11.1949
    5. None of the above 
  2. The credit policy of a bank does not deal with ?
    1. documentation standard
    2. outstanding balance in deposit account
    3. credit risk management
    4. review and renewal of advances
    5. None of these
  3. Issuing of credit cards is a component of
    1. corporate banking
    2. micro banking
    3. retail banking
    4. rural banking
    5. None of these
  4. What is the aim and objective of the Banking Ombudsman Scheme ?
    1. To increase money supply
    2. to provide a quick and cost free resolution mechanism for complaints relating to deficiency of banking services of common bank customers, who otherwise find it difficult or cost prohibitive to approach any other redressal fora such as courts.
    3. to increase credit
    4. to improve industrialisation
    5. None
  5. Which of the following is a non-depository institution ?
    1. Regional rural bank
    2. mutual funds
    3. credit unions
    4. commercial banks
    5. None of these
  6. Which of the following business is prohibited by Banking Regulation Act, 1949 ?
    1. retail commodities trading
    2. executing the trust
    3. leasing
    4. underwriting
    5. None of these
  7. The banking company has restriction to sanction loan to
    1. staff working in the bank
    2. Directors of the bank
    3. students going abroad
    4. professionals
    5. shops
  8. IAF and SIDBI Make in India Loan for Enterprises (SMILE) to boost MSME and sled ups under Make in India initiative. Expand IAF ?
    1. India Aspiration Fund
    2. India Active Fund
    3. India Asset Fund
    4. India Apple Fund
    5. None of these
  9. The Banking Ombudsman Scheme is applicable to which type of banks ?
    1. Scheduled Commercial Banks
    2. Scheduled Primary Urban Co-operative Banks
    3. Regional Rural Banks.
    4. All the above
    5. Credit Societies 
  10. Who was appointed as an Executive Director on the board of the IMF representing the Indian Constituency (India, Bangladesh, Bhutan and Sri Lanka) ?
    1. Subir Gokarn
    2. Raghuram Rajan
    3. Shyamala Gopinath
    4. Subhash Chandra Garg
    5. R. Gandhi 
  11. On 17th November, 2015 who launched an open ended balanced fund designed exclusively for children's needs by name Children's Gift Fund?
    1. SBI
    2. Franklin Investments
    3. Can Fin
    4. ICICI Mutual Fund
    5. Axis Mutual Fund 
  12. Banks are offering payment solutions which do not require swiping credit/debit card and is completed by scanning the QR code. In this context QR stands for what ?
    1. Quick Response
    2. Quick Report
    3. Quick Roam
    4. Quick Revision
    5. Quick Recall
  13. How many Banking Ombudsmen are appointed with specific State-wise jurisdiction covering all the 29 States and 7 Union Territories?
    1. 15
    2. 29
    3. 36
    4. 25
    5. None 
  14. Swati Dandekar is appointed as United States director of which bank ?
    1. Asian Development Bank
    2. IMF
    3. Asian Infrastructure Investment Bank
    4. New Development Bank
    5. Bank of Japan
  15. Sale or purchase of Government securities by RBI in open market is called as ___________
    1. credit planning
    2. Selective Credit Control
    3. Open Market Operations
    4. Credit Authorisation Scheme
    5. Follow on Public Offer
  16. The Banking Ombudsman Scheme has undergone several revisions. Which of the following Banking Ombudsman Scheme, (BOS) is in operation ?
    1. Banking Ombudsman Scheme 2006, (BOS) as amended up to February 3, 2009
    2. 2002
    3. 2004
    4. 2007
    5. None 
  17. Normally, a 'stop payment' instructions of a cheque can be issued by
    1. the payee
    2. the endorsee
    3. the drawer
    4. the drawee
    5. the collecting bank 
  18. Hypothecation is applicable in the case of
    1. movable goods
    2. immovable property
    3. book debts
    4. corporate guarantee
    5. staff loans 
  19. What is off-shore banking ?
    1. ariculture banking
    2. banking services given by any bank which has opened off shore banking unit in a foreign country with the permission of central bank of the country Banks do business in all currencies of world except the currency of the country where the branch is located
    3. micro financing
    4. industrial finance
    5. None of the above 
  20. Which category of complaints constituted the largest category of complaints with 29.2 per cent of complaints received by Banking Ombudsman in India?
    1. Complaints pertaining to failure to meet commitments, non-observance of fair practices code, Banking Codes and Standards Board of India (BCSBI) Codes taken together
    2. credit card complaints
    3. housing loan complaints
    4. educational loan complaints
    5. None of the above

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