Banking Awareness Quiz for India Post Payments Bank (IPPB) Scale I Officers Main Exam

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1. The Gilt-Edged security market is the market for which of the following ?
1. Market for trading in gold
2. Market for trading in sliver
3. Market for Govt. securities
4. Market for industrial securities
5. None of the above 
2. Which of the following schemes of Govt of India has created Guinness world record for the largest cash transfer programme ?
1. Aam Admi Bima Yojana
   
2. Deen dayal disabled rehabilitation scheme
3. MGNREGA
4. PMJDY
5. PAHAL
3. What is the name of the new crop insurance scheme ?
1. Pradhan Mantri Fasal Bima Yojana
2. Atal Fasal Bima Yojana
3. Mahatma Gandhi Fasal Bima Yoj ana
4. Jai Kishan Bima Yojana
5. Deen Dayal Upadhyay Fasal Bima Yojama
4. In case of NEFT which is wrong ?
1. Non customer can send NEFT upto Rs. 50,000
2. Remittance for Nepal up to Rs. 50,000
3. Payment of credit card bills up to Rs. 100000
4. All of these
5. None of these
5. Several Companies are adopting FCCB-a type of convertible bond issued in a currency different than the issuer's domestic currency. FCCB Stands for :
1. Foreign Currency Convertible Bond
2. Foreign Convertible Credit Bond
3. Financial Consortium and Credit Bureau
4. Future Credit and Currency Bureau
5. None of the above
6. The principal goals of the Reserve Bank's communication strategy are :
1. Transparency for strengthening accountability and credibility
2. Clarity on the Reserve Bank's role and responsibilities with regard to its multiple objectives; managing inherent complementarities / contradictions and transition
3. Managing expectations and promoting two-way flow of information/ perceptions
4. Dissemination of information, statistics and research at various frequencies
5. All the above 
7. Which of the following is a leading electronic-payment technology firm ?
1. Visa
2. Max
3. BSE
4. Sensex
5. SWAP
8. The monetary ceiling for compromise settlement of dues of ban-ks using the forum of Lok Adalat is:
1. Rs. 12.5 lakh
2. Rs. 15 lakh
3. Rs. 17.5 lakh
4. Rs. 20 lakh
5. Rs 10 lakh
9. Securitization is a process of acquiring the loans classified as :
1. Book debts
2. Performing debts
3. Bad debts
4. Non performing debts
5. None of the above
10. The decision for credit policy will be taken by a committee which will be headed by the :
1. Finance Minister
2. RBI Governor
3. Deputy Governor of RBI
4. ED of RBI in charge of credit icy department
5. None of the above
11. RBI consolidates and prepares its annual financial statement every year as on :
1. 31st March
2. 31st December
3. 30th June
4. 30st September
5. 1st January
12. In a repo transaction with RBI, the Govt Securities go to the account of the :
1. Counter party bank
2. Clearing corporation of India
3. FIIMMDA (The Fixed Income Money Market and Derivatives Association of India)
4. RBI
5. NOA
13. Among policy rates namely reverse repo rate, Repo Rate, Marginal Standing Facility Rate and Bank Rate which of the following relationship is wrong?
1. Reverse repo rate will be lowest of the four
2. Repo rate will be 100b.p. mo-re than the reverse repo rate
3. Marginal standing facility rate will be 100 b.p. more than the repo rate
4. Bank rate will be more than repo rate by 200 b.p.
5. None of these
14. Which of the following Acts are administered by The Reserve Bank of India ?
1. Reserve Bank of India Act, 1934
2. Government Securities Regulations, 2007
3. Banking Regulation Act, 1949
4. Payment and Settlement Systems Act, 2007
5. All the above
15. Revenue expenditure is :
1. Day to day expenditure
2. Monthly expenditure
3. Yearly expenditure
4. Half yearly expenditure
5. Quarterly expenditure
16. In money measurement M3 consists of the total of :
1. Currency with public
2. Demand deposit with banks
3. Time deposit with banks
4. 1, 2 only
5. 1, 2, 3
17. FSDC stands for Financial Stability and Development Council. Who among the following is not a member of FSDC ?
1. Chief Economic Advisor, Ministry of Finance,
2. Chairman, Securities and Exchange Board of India (SEBI),
3. Chairman, Insurance Regulatory and Development Authority (IRDA),
4. Chairman, Pension Fund Regulatory and Development Authority (PFRDA),
5. Chairman, Institute for Development & Research in Banking Technology (IDRBT) 
18. What are the benefits of IMPS ?
1. Instant Transfer of funds and Debit & Credit Confirmation by SMS
2. Available 24 x 7 (functional even on holidays)
3. Safe and secure, easily accessible and cost effective
4. Channel Independent can be initiated from Mobile/ Internet / ATM channels
5. All the above 
19. RuPay is a :
1. Debit card
2. Card Payment and Settlement Agency
3. Credit Card
4. 1 and 3
5. None of these

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