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Banking and Financial Awareness Quiz for IBPS 2017
- Risk in case of fluctuation of interest rates is categorized as _________ risk.
- Operational
- Market
- Systemic
- Credit
- Either (1) or (2)
- The relationship between banker and customer in the case of locker transaction is:
- Bailor - Bailee
- Agent - Principal
- Trustee - Beneficiary
- Baillee - Bailor
- Lessee - Lessor
- Bank maintain secrecy of a customer's account and do not disclose its affairs except under certain circumstances. This is done as per the requirements of :
- RBI Act, 1934
- Banking Regulation Act,1949
- Negotiable Instruments Act 1881
- Implied Contract
- Banking Companies (Acquisition & Transfer of Undertakings) Act,1970
- A demand draft :
- is a promissory note
- is a bill of exchange
- can be treated as Promissory Note or Bill of Exchange at the option of the holder
- prepaid instrument
- None of these
- 'CAMELS' rating in India was introduced on the recommendations of :
- Kannan Committee
- N. Vaghul Committee
- R.V. Gupta Committee
- Dr. N.L. Mitra Committee
- Padmanabhan Committee
- Which of the following organization / agencies is not directly associated with functioning of the financial sector in India ?
- NABARD
- ECGC
- EXIM Bank
- IRDA
- UGC
- Which of the statements about the Reserve bank of India (RBI) is not correct ?
- RBI is called the Banker's Bank
- RBI announces the credit and Monetary
- RBI is the custodian of the Foreign of the country
- Finance Secretary of Central Government holds the charge of the Governor of the RBI
- None of the above
- Who amongst the following is well known for his work on micro credit ?
- Dr. Manmohan Singh
- Mr. Nelson Mandela
- Mr. Muhammad Yunus
- Dr. A. P. J. Abdul kalam
- None of these
- Which of the following taxes is the major source of the income of the union Governmen t?
- Fringe benefit tax
- VAT
- Cash withdrawal Tax
- Income tax
- None of the above
- The headquarters of the NABARD is situated in :
- New Delhi
- Mumbai
- Luck now
- Kolkata
- Bangalore
- The small industries Developm-ent Bank of India was established as a wholly owned subsidiary of :
- ECGC
- RBI
- NABARD
- IDBI
- SBI
- First share market in India was established in which of the following cities :
- Delhi
- Chennai
- Mumbai
- Ahmedabad
- Kolkata
- Term 'Balance of Payment' is used in relation to which of the following ?
- Diplomatic relations
- Exports and Imports
- Annul production in a factory
- Deficit in Union Budget
- None of these
- Which of the following rate / rations is not covered under the RBI Monitory and credit policy ?
- Bank rate
- Exchange rate of foreign currencies
- Repo Rate
- Reverse Repo Rate
- None
- When the loan is granted by a bank for purchase of white goods it is called ?
- Consumption loan
- White goods loan
- Consumer durable loan
- White fertilizers loan
- None
- Who among the following is not the present Deputy Governor of the RBI ?
- Subir Gokaran
- N.S .Viswanathan
- Viran V.Acharya
- B.P. Kanungo
- None of the above
- TRAI regulates the functioning of which of the following ?
- Insurance
- Banking
- Stock Market
- Transport
- Telecom
- A company declares dividend before finalization of balance sheet, Such dividend is called as _________ dividend.
- Ex-gratia
- Interim
- Temporary
- Intermittent
- Part
- Difference between purchase and sale price of currency is called _________
- Dealer's spread
- Margin
- Exchange commission
- Arbitrage
- None of these
- A Saving Bank account becomes in-operative when it is not operated for _________
- 6 months
- 12 months
- 2 years
- 3 years
- None of these
- Foreign banks with minimum 20 branches in India have been advised by RBI to lend at least to priority sector.
- 40% of net bank credit
- 40% of Adjusted Net Bank Credit
- 40% of off balance sheet exposure
- Higher of (1) or (3) above
- Higher of (2) or 3 above
- A sub standard loan is classified as doubtful when it is maintained as :
- NPA for 18 months
- Sub standard asset for 18 months
- NPA for 12 months
- Substandard 12 months
- None of these
- Capital Adequacy ratio of a bank is calculated by dividing capital fund with _________ and multiplying by 100.
- Total Assets
- Tangible Assets
- Risk weighted Assets
- Risky Assets
- All assets except cash balance with RBI and investment in Govt. securities
- The money market instrument developed by CCIL is called :
- CD
- CP
- CBLO
- FD
- None of these
- Any appeal against order of the Recovery officer of DRT can be filed with :
- The Presiding Officer of the DRT
- Chairperson of the DRAT
- Deputy Governor of RBI
- Either (1) or (3)
- Either (2) or (3)
- The process of issue of new securities to existing shareholders at a ratio to those already held is called :
- Private placement
- FPO
- Rights issue
- Book building
- None of these
- Number of digits in PAN card is :
- 10
- 12
- 15
- 20
- 7
- Increase in Net Working Capital of a firm indicates that :
- Current assets are being fin-anced by long term sources
- Current liabilities are being used for financing long term uses
- The firm is relying heavily on borrowed funds
- All above
- None of these
- As per RBI current guidelines duplicate draft is required to be issued within a maximum period of :
- 21 days
- 14 days
- 7 days
- 3 days
- As per bank's discretion
- In which of the following accounts nomination is not allowed ?
- Self operated deposit account in the name of minor
- Sage custody of articles deposited by an individual singly
- Locker account with joint operations by two or more locker holders
- All above
- None of these
- Under Right to Information Act, 2005 who can ask for relevant information ?
- NRI
- Indian Citizen
- Ambassador of a foreign country in India
- Any Foreigner
- Only (1) and (2)
- Non Resident Ordinary account can be opened as :
- Term deposit
- Savings deposit
- Recurring deposit
- Current deposit
- Any one of these
- Maximum amount of education loan that can be sanctioned with-out insisting on collateral secur-ity 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
- Demand Deposits are those which can be withdrawn _________
- On Request
- On Sanction by Manager
- On Demand
- On Persuasion
- With prior notice
- Time limit to approach for legal action in case of cheque dishonoured for insufficiency of funds is :
- One month from the expiry of notice period
- 15 days from the expiry of notice period.
- Two month from the expiry of notice period.
- Forty five days from the expiry of notice period.
- No such limitation.
- What is the full form of CIN in case of a company ?
- Core Identity Number
- Customer Identity Number
- Company Identify Number
- Corporate Identity Number
- Centralised Identification Number
- What is true about Code of bank's commitment to customers (COB CTC) ?
- It is formulated by BCSBI It mentions the minimum standard of service a bank
- Undertakes to provide to its individual customers
- All banks are required to adopt this code
- BCSBI will monitor this code
- All the above
- Bank can't proceed against the borrower under SARFAESI Act where :
- Security is Agriculture Land
- Liability is less than Rs. 1 lakh
- Liability is less than 20% of the principal
- Documents are time barred
- All of the above
- Interest in SB account is calculated on _________
- Minimum balance during the month
- Balance as on 30th of the month
- Minimum balance between loth and last day of the month
- On daily balance basis
- None of the above
- What is the time period under SARFAESI Act for replying the borrower, in case he raises an objection for possession of the asset ?
- 60 days
- 30 days
- 15 days
- 3 days
- 45 days
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