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October 26, 2017

Banking Awareness Quiz for IBPS RRB VI Officers Main Exam 2017

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  1. SCORES stands for :
    1. SEBI Complaints Redress System
    2. Special Complaints Redress System
    3. Sources for Complaints Redress System
    4. Statutory Complaints Redress System
    5. None of the above
  2. The three pillars of the Basel II framework are :
    1. Minimum capital requirements
    2. Asset - Liability Management
    3. Market discipline
    4. Supervisory Review
    5. 1, 3 & 4
  3. Interest of time deposits may be paid, credited, transferred or reinvested with frequency not less than :
    1. Quarterly rests
    2. Monthly rests
    3. Half yearly rests
    4. Yearly rests
    5. None of the above
  4. Full form of FDMA is :
    1. Frequency Division Multiple Access
    2. Financial Data Multiple Access
    3. Financial Data Multiple Act
    4. Fund Division Multiple Access
    5. Frequency Data. Multiple Access
  5. Banks are to keep a close watch on large size cash debit or credit transactions in deposit or loan accounts and keep a record of such transactions. For this purpose, the large size transaction means where the amount is :
    1. Rs.10 lakh and above
    2. Above Rs.10 lakh
    3. Less than Rs.10 lakh
    4. Rs. 5 lakh and above
    5. All the above
  6. SEBI conducts ___________ and ___________   action in its executive function and it passes ruling and orders in its judicial capacity.
    1. efficient; effective
    2. investigation; enforcement
    3. regulation; leadership
    4. experienced; semi-statutory
    5. None of the above
  7. Private sector lender Kotak Mahindra Bank and fintech firm Zeta announced launch of Paymint. What are the benefits of Paymint ?
    1. It is a multi-wallet digital prepaid solution for salaried employees
    2. It is a simpler way for companies to provide tax saving benefits to their employees
    3. Paymint enables corporates to offer a host of benefits to its employees including meal vouchers, medical reimbursements, leave travel allowances
    4. It is a secure, customised, paperless and convenient solution for both employees and corporates
    5. All the above
  8. The headquarters of Equitas Small Finance Bank is located in :
    1. Hyderabad
    2. Chennai
    3. Jaipur
    4. Bengaluru
    5. None of these
  9. While opening a current account of a private company, which of the following documents is not insisted the banks ?
    1. Certificate of incorporation
    2. Certificate of commencement of business
    3. Articles of association
    4. Memorandum of association
    5. None of the above
  10. The monetary and credit policy statement of RBI is called :
    1. Annual Policy Statement
    2. Credit Policy of RBI
    3. Economic Policy
    4. Rating Policy
    5. Banking Policy
  11. The BFS's (Board of Financial Supervision) board members are appointed for term of :
    1. 2 years 
    2. 3 years
    3. 4 years 
    4. 5 years
    5. 6 years
  12. The headquarters of Institute of International Finance (IIF) is in:
    1. Washington DC, US
    2. Beijing, China
    3. Geneva, Switzerland
    4. Shanghai, China
    5. Russia, Moscow
  13. Which among the following is called the rate of interest charged by RBI for lending money to various commercial banks by rediscounting of the bills in India ?
    1. Bank Rate
    2. Discount Window
    3. Monetary Policy
    4. Overnight Rate
    5. Marginal Standing Facility
  14. If the cash balance with RBI is less than that of required CRR balance, bank is required to pay penalty on the amount of short-fall for that day at the rate of ___________ and if default continues next day also then at the rate of ___________ 
    1. Bank Rate; Bank Rate plus 1%
    2. Bank Rate plus 1%; Bank Rate plus 3%
    3. Bank rate plus 2%; Bank rate plus 4%
    4. Bank Rate plus 3%; Bank Rate plus 5%
    5. None of the above
  15. All normal transactions are accepted and processed under RTGS in which of the following phases :
    1. RTGS open business phase
    2. IDL Shut phase
    3. IDL close phase
    4. RTGS close phase
    5. None of the above
  16. The Board of Financial Supervision was constituted in :
    1. December 1994
    2. November 1994
    3. September, 1994
    4. October, 1994
    5. None of These
  17. Depositary receipts that are traded in an international market other than the United States are referred to as :
    1. Global depositary receipts
    2. International depositary receipts
    3. Open market depositary receipts
    4. Flexible Market Depositary receipts
    5. None of the above
  18. What does letter B stands for In APBS, where in APS stands for Adhaar Payment ___________ System?
    1. Bank
    2. Bill
    3. Board
    4. Bridge
    5. None of these
  19. Which of the following statements is incorrect ?
    1. Every country has only one Central Bank 25.
    2. RBI is a profit making institution acting in the interest of government
    3. RBI does not perform any ordinary commercial banking 26. functions
    4. RBI has adopted minimum reserve system of note issue
    5. RBI in India is the Licence Issuing Authority for Any new bank
  20. The performance of which scheme does the National Housing Bank monitor ?
    1. Liberalized Finance Scheme
    2. Golden Jubilee Rural Housing Finance Scheme
    3. Energy Efficient Housing Finance Scheme
    4. Finance Scheme for indirect loans
    5. Subsidized Housing Loan Scheme
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