Search your Topic HERE....

November 13, 2013

IBPS Clerks III Banking Awareness Online Model Practice Test - Set 16

3 comments

sponsored links

The world Bank is also referred to as
  1. IBRD
  2. IDBI
  3. IDA
  4. IMF
  5. None of these


Which of the following is the purpose owing to which banks have created Investment Fluctuation Reserves (IFR) ? This will hep them in managing?
  1. Interest Rate Risk
  2. CRR
  3. SLR
  4. Foreign Currency Account
  5. None of these



Many a time we come across a term in banking sector "Retail Banking". What does it really mean ? In simple words Retail Banking is to provide Banking Services ?
  1. Entirely to agricultural sector only
  2. ONly to individual customers in an integrated manner
  3. Only to Self Help Groups for their Survival
  4. ONly to big corporate and business houses
  5. None of these


Your friend gets Rs 10,0000 from his grand parents. He / She wants to invest thsi amount in a bank in such a way that he / she need not withdraw the amount partly or wholly for two years. What kind of account shoudl he / she open in the bank ?
  1. Small Savings Account
  2. Current Account
  3. Term Deposit Account
  4. Demat Account
  5. None of these



In a company the use of proce sensitive corporate informatin by the company people to make gains or cover loss known as ?
  1. Insider trading
  2. future trading
  3. Foreign Trading
  4. Stock Trading
  5. None of these



As we all knwo "Mobile Banking" is comparatively a new mode of bankign all over the world, what is its status in India ?
A. The willingness to conduct banking through mobile devices is higher in India
B. About 4% of total m-commerce transactions have taken place in the first few months of the current fiscal year in India
C. Since RBI's permission is needed for offering mobile banking, only two private banks are providing this service at present
  1. Only A
  2. Only B
  3. Only C
  4. All A, B and C
  5. None of these



A currency swap is refer to __________________
  1. A spot sale of currency combined with a forward repurchase of the same currency-as part of single transaction.
  2. A forward sale of currency combined with a forward repurchase of the same currency -as part of a single transaction.
  3. A forward sale of currency combined with a forward repurchase of the same currency - in two different transactions
  4. All of these
  5. None of these




Many banks have adopted / launched 'Core Banking Solutions' (CBS). Core Banking solution is ?
  1. A marketing strategy adopted by the banks
  2. A new type of ATM useful for rural population
  3. A delivery channel for quick and fast delivery
  4. A new product launched to help senior citizens only as they are not able to visit branches / ATMs frequently.
  5. None of these



The bank rate means ____________
  1. Rate of Interest charged by commercial banks from borrowers
  2. Rate of Interst at which commercial banks discounted bills of their borrowers
  3. Rate of interest allowed by commercial banks on their deposits
  4. Rate at which RBI purchases or rediscounts bills of exchange of commercial banks
  5. None of these



Consider the following statemetns ________________________
A. Bond price and interest rate are positively related.
B. Bond price and interest rate are negatively related.
C. Credit cretion varies directly with Cash Reserve Ration (CRR)
D. Credit Creation varies inversely with cash Reserve Ratio (CRR).
Which of the statements given above is / are correct ?
  1. A and C
  2. A and D
  3. B and C
  4. B and D
  5. None of these


If interest payment is added to primary deficit, it is equivalent to ____________
  1. Budget deficit
  2. Fiscal deficit
  3. Deficit financing
  4. Revenue deficit
  5. None of these



The utmost advantage of plastic money is ________
  1. Style
  2. Printing very cheap
  3. Circulation very easy
  4. Occupies less space
  5. Shelf life will be longer




Expand the term IFRS
  1. Indian Financial Reporting Standards
  2. Indian Financial Reporting Systems
  3. International Financial Reporting Standards
  4. International Financial Reporting Systems
  5. None of these



Consider the following statements
A. With growing saivngs among households in India, the need for retail credit is declining.
B. The Banking Ombudsman is a senior official appointed by the RBI
Which among the statements given above is / are correct?
  1. Only A
  2. Only B
  3. Both A and B
  4. Neither A nor B
  5. None of these



Which of the following fall in teh category of refinance institutions ?
NABARD
SIDBI
National Housing Bank (NHB)
Both 2 and 3
All of these



As per the revised guidliens issued by RBI on 3rd January, 2001 
  1. the minimum paid-up capital requirement of a newly set up private sector bank shoudl be atleast Rs. 200 crore and it should be raised to Rs. 300 crore within three years of commencement of business.
  2. the minimum capital adequacy ratio for newly set up private sector bank shas been fixed at 10 percent on a continuous basis from the commencement of operations
  3. Only 1
  4. Both 1 and 2
  5. None of these




Which of the following are the recommendations of the International Group (Chairman : Shri A. V. Sardesai) set up by RBI in regard to strengthening and viability of RRBs ?
  1. Merger/ amalgamation of RRBs to improve operational viability
  2. Change of sponsor banks to enhance competitiveness
  3. Governance and management and scope for improving profitability
  4. All of these
  5. None of these



Fixing of charges for various types of services like issuance of demand draft etc. except cheques collection provided by urban co-operative banks is done by
  1. Reserve Bank of India
  2. the Indian Bank's Association
  3. NABARD
  4. the bank itself which should not be out of line with the average cost of providing the services
  5. All of these



What is 'financial inclusion' ?
A. Easy access to bank accounts for safe parking of savings
B. Availability of cheap credits through apropriately designed loans for poor and low income households and small enterpreneures
C. Availability of basic financial products like insurance
  1. Only A
  2. Only B
  3. Only C
  4. Both A and B
  5. All A, B and C

sponsored links

3 comments:

  1. thank you mam.........your materials r very helpful in preparation

    ReplyDelete
  2. Thank you for Your Help.

    ReplyDelete
  3. m a working wife, mother of 2 n in2 a joint family......ur work z oxygen 4 my career aspirationz mam...a thank wud b a small word indeed...love u 4 such a bless n bliss....god bless u in needzz...
    khushboo

    ReplyDelete

Related Posts Plugin for WordPress, Blogger...