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Banking Awareness Quiz 2017 for IBPS PO VII
- Nomination facility is not allowed in :
- Locker account in the name of more than one person
- Safe custody account in names of more than one person
- Deposit account in the name of two or more persons
- All above
- None of the above
- A Bank guarantee is treated by the bank as __________ liability.
- Standard
- Hidden
- Contingent
- Outstanding
- Any of the above
- In case of a limited company the charge which does not require registration with ROC, is:
- Mortgage
- Pledge
- Hypothecation
- All of these
- None of these
- Which of the crossings is a Special crossing ?
- In which name of a bank appears with the words not negotiable
- In which name of a bank appears with two parallel transverse lines
- In which name a bank appears as payee
- In which name of a bank appears in any form either with or without parallel transverse lines
- Any of the above
- If a depositor other than a senior citizen desires that TDS should not be deducted from interest income he will be required to submit Form :
- 15 G
- 15 H
- 60
- 61
- Any of these
- After the death of the depositor, the nominee gets payments of the deposit as :
- Legal representative
- Trustee of legal heirs of the deceased
- Legal representative of bank
- True owner
- Either (2) or (3) above
- If Crossed cheque is presented over the counter, It :
- Can be paid to the collecting bank
- Can be paid to the agent of a collecting bank
- Cannot be paid
- Can be paid only through clearing
- Either (1) or (2) above
- Acknowledgement of award by Ombudsman and its compliance by Bank is to be endured within :
- 15 days
- 30 days
- 45 days
- 60 days
- 90 days
- Absorption of excess liquidity from the banking system by RBI is referred to as :
- Securitisation
- Bank assurance
- Reverse repo
- Repo
- None of these
- Annual family income of a DRI beneficiary in semi-urban area should not exceed :
- Rs. 24,000
- Rs. 7,200
- Rs. 18,000
- Rs. 64,000
- Rs. 1,00,000
- Maximum amount of education loan that can be sanctioned without insisting on collateral security if third party guarantee acceptable to the bank is furnished :
- Rs. 4 lakh
- Rs. 10 lakh
- Rs. 15 lakh
- Rs. 7.5 lakh
- Rs.5 lakh
- Which of the following abbreviations relating to money market is NOT correct ?
- i) CP - Commercial Paper
- ii) CD - Certificate of Deposit
- iii) G.Sec - General Secretary
- iv) REPO - Repurchase Option
- Only (i) and (ii)
- Only (iii)
- Only (iii) and (iv)
- Only (iv)
- None of the above
- Which of the following is not taken into computation for calculating NDTL for the purpose of CRR?
- Overdue time deposit
- Liabilities of off-shore banking units
- Balances in inoperative accounts
- All above
- None of the above
- A foreign bill is one which is :
- Drawn in India on a person resident in India but payable abroad
- Drawn in India on a person resident outside India but pa-yable in India
- Drawn abroad on a person resident in India and payable in India
- Both (1) and (3) above
- Both (2) and (3) above
- Which of the following is / are current liability(ies) ?
- Provision for bad and doubtful debts
- Sundry creditors
- Depreciation
- Pre-operative expenses
- 1 & 3
- As per KYC guidelines of RBI cash transaction of Rs. __________ lakh and above should be reported to RBI.
- Rs. 5 lakh
- Rs. 10 lakh
- Rs. 2 lakh
- Rs. 20 lakh
- None of the above
- Hypothecation is a :
- Floating charge
- Mortgage
- Assignment
- Fixed charge
- None of these
- Nomination facilities to bank customers are provided under provisions of :
- RBI Act, 1934
- Banking Regulation Act, 1949
- Companies Act, 1956
- Negotiable Instruments Act 1881
- Indian Contract Act 1861
- Which of the following will be taken into account for deciding amount to be deposited with NABARD under RIDF ?
- Shortfall in weaker section targets
- Shortfall in agriculture targets
- Shortfall in priority sector targets
- All above
- Only (2) & (3) above
- More than one nominee can be appointed in:
- Joint account with operation by either
- Account in the name of a single person
- Account in the name of partnership
- Joint locker account operated jointly
- None of the above
- Debenture holders of a limited company are :
- Owners of the company
- Creditors of the company
- Debtors of the company
- Any one of the above
- None of these
- Goodwill is an example of :
- Current asset
- Intangible asset
- Owner's funds
- Term liability
- None of these
- Mulberry is associated with :
- Sericulture
- Aquaculture
- Pisciculture
- Floriculture
- Agriculture
- The Asset Liability Management is helpful in managing :
- Liquidity Risk
- Credit Risk
- Operational Risk
- Exchange Risk
- None of these
- 'Nostro' account refers to account :
- Of a foreign correspondent bank with us
- Of a foreign bank with RBI
- Any bank maintaining its account abroad with any other bank
- Maintained by our correspondent with their own branch in India
- Of an NRI who returned to India after a continuous stay of one year abroad
- Banks are now allowed to accept domestic term deposits for less than:
- 7 days
- 15 days
- 15 days but for a period of 7 days if the single deposit is for Rs. 15 lakh and above.
- 15 days but for a period of 7 days if the aggregate term deposit is for Rs. 15 lakh and above
- 30 days
- Systems failure in a bank is called __________risk.
- Operational
- Exchange
- Market
- Legal
- Business
- A Probate is a :
- Power of Attorney from the court of law
- An instruction from the court of law
- A certified will of the deceased
- Order of the deceased before his death
- None of these
- Certificate of Incorporation issued to a company by :
- Register of Assurances
- Securities & Exchange Board of India
- Company Law Board
- Registrar of Companies
- Either (3) or (4) above
- A cheque bears across its face the name of a bank without any parallel transverse lines. The cheque will be treated as having:
- Special Crossing
- General Crossing
- Extraordinary Crossing
- No Crossing
- None of these
- The difference between pledge and hypothecation is on account of :
- Possession
- Valuation
- Ownership
- Title
- None of these
- Consumer Protection Act, 1986 operates at:
- District level
- State level
- Central level
- Union Terrirories
- 1, 2 & 3
- Balance Sheet is a statement of assets and liabilities of a firm and is prepared :
- As on a particular date
- For one year
- For six months
- Every Friday
- Quarterly basis
- A 'Senior Citizen ' who is entitled to additional interest on term deposit from the bank is a person who :
- Is at least 65 years of age
- Has completed 55 years the age
- Has completed the age of 60 years
- Has attained the age of 58 years
- None of the above
- Who among following was not ex-governor of RBI ?
- Dr. C.Rangarajan
- Dr. Manmohan Singh
- Dr. V.V.Giri
- Dr. Bimal Jalan
- Dr. M Narasimham
- 'The rate in which foreign currency unit is fixed and domestic currency varies is called :
- Direct rate
- Indirect rate
- Varying rate
- Fixed rate
- Mixed Rate
- In financial analysis, breakeven point is one :
- Where some useful analysis emerges as regards area of high profitability
- Where cost of production equals selling price
- Where there is no profit and no loss
- Any one of the above
- Either (2) or (3) above
- As per recommendations of Goiporia Committee, returned cheques should be delivered to the party who lodged it within:
- 24 hours
- 72 hours
- 48 hours
- One week
- None of these
- Single debit multiple credit applies to :
- ECS Debit
- ECS Credit
- CBS
- SWIFT
- All
- The Goods and Services Tax (GST) came into effect from ?
- 1st July 2017
- 1st June 2017
- 1st August 2017
- 1st Marcy 2017
- 1st November 2016
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sir last time i wrote ibps cerk main exam.general awareness is useful from ur site.i got full marks in general awareness.but banking awareness quesions did not come in exam from ur material.how can i read this finncial and banking section.please give banking material on exam pattern
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