Banking Awareness Practice Tests for IBPS PO IV and Clerks IV Online Exams - Set 23

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Friends, here is the 23rd set of our Banking Awareness online practice test series for upcoming IBPS PO IV and Clerks IV Online Exams 2014. Happy Reading :)

1. The formal way of lending includes ____________
1. Private Sector Banks
2. Co-operative Banks
3. Public Sector Banks
4. RRBs
5. All of above
2. The village people take more loans from non-institutional sources (informal route). It includes ________
1. Scheduled banks
2. Public sector banks
3. Co-operative banks
4. Rural banks
5. Money Lenders
3. Soft loan characteristic feature is ____________

1. Shot period and more rate of interest
2. Long period and more rate of interest
3. Long period, more rate of interest with grace period
4. Long period, less rate of interest with grace periods
5. Long period, more rate of interest with no grace periods
4. "Loan Servicing" means ?
1. Lending the money
2. A mortgage bank or sub-servicing firm collects the timely payment of interest and principal from borrowers.
3. Helping the customer to get loan in other banks by providing the details of the running account.
4. Giving a loan if the customer has any deposit
5. Giving second loan after payment of first loan regularly
5. A loan allows the person to pursue higher studies is ______________
1. Education Loan
2. Higher studies loan
3. College Admission loan
4. Passing Loan
5. Graduation Loan
6. Who headed the study group constituted by Indian Banks Association to give the recommendations on Education Loans ?
1. Dantelwala
2. N. Kishore Chaudari
3. R. J. Kamath
4. C. Ranga Rajan
5. None of these
7. As per the direction given by the Reserve Bank of India on 19th November 2013, the publis sector banks should provide loans to women self help groups at a rate of _________ per anum, so as to get the benefit of interest rate subvention scheme under Swarnajayanti Gram Swarozgar Yojana-Aajeevika. 
1. 7  %
2. 10%
3. 5.5%
4. 8.25%
5. None of these
8. When any asset ceases to generate income for the bank, it is called ____________
1. Zero Asset
2. Profitable Asset
3. Non-Performing Asset
4. Performing Asset
5. None of these
9. IIFCL recently decided to go for the $5 billion Line of Credit (LOC) due to project delays. IIFCL stands for _____________
1. India Infrastructure Finance Consortium Limited
2. India Indemnity Finance Company Limited
3. India Infrastructure Fund Company Limited
4. India Infrastructure Finance Company Limited
5. International Infrastructure Finance Company Limited 
10. Which of the following statements is wrong regarding Non-Performing Assets (NPA) ?
1. Installment of principal or interest thereon remains overdue for two crop seasons for short duration crops
2. Amount of liquidity facility remains outstanding for more than 90 days, in respect of a securitization transaction undertaken in terms of guidelines on securitization dated 1st February 2006.
3. Installment of principal or interest thereon remains overdue for two crop seasons for long duration crops
4. All of these
5. 1 & 2
11. In a news paper it is read that 'Higher provisioning erodes public sector bank's profit'. Here 'provisioning' relates to ?
1. Daily Expenses
2. Cost to erect ATMs
3. Conducting exams to recruit new personnel
4. Bad loans
5. Establish new branches
12. National Housing Bank Act was passed by Indian Parliament in __________
1. 1991
2. 1994
3. 2000
4. 1987
5. 2001
13. National Housing Bank was set up on 9th July of which year ?
1. 2005
2. 2014
3. 1991
4. 1988
5. 2000
14. Who headed the High Level Group to examine the proposal and recommended the setting up of National Housing Bank (NHB) ?
1. Prabhakaran C
2. Wanchoo
3. Dr. C. Rangarajan
4. Narasimham
5. K. C. Charavarthy
15. NHB Head office is located in ?
1. Kolkata
2. Hyderabad
3. Lucknow
4. New Delhi
5. Mumbai
16. 'Promoting Inclusive expansion with stability in housing finance market' is the vision of __________
1. NHB
2. NABARD
3. ICICI
4. EXIM Bank
5. SBI
17. Present Chairman of NHB is ?
1. R. V. Verma
2. K. R. Kamath
3. Prakash Bakshi
4. T. C. A. Ranganathan
5. None of these
18. Loan given for undertaking repairs, renovations and / or upgradation is called 
1. Home Damage Loan
2. Home Improvement Loan
3. Home Makeup Loan
4. Home Custody Loan
5. Home Consumption Loan
19. Important statements of Bridge Loan in Home Loan given. Pick the wrong statement ?
1. Bridge Loan also available in Home Loans
2. It is designed for people who wish to sell the existing home and purchase another
3. It helps finance the new home, until a buyer is found for the old home
4. It is not available in Metro cities
5. None
20. Non-Performing Assets (NPA) includes
1. Interest and / or installment of principal remain overdue for a period of more than 90 days in respect of a term loan
2. The account remaining 'out of order' for a period of more than 90 days in respect of an overdraft / cash credit
3. The bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted
4. All the above
5. None of the above 

Read more Banking Awareness Model Practice Sets from below

• Set 1
• Set 2
• Set 3
• Set 4
• Set 5
• Set 6
• Set 7 
• Set 8
• Set 9 
• Set 10
• Set 11
• Set 12
• Set 13 
• Set 14 
• Set 15 
• Set 16 
• Set 17
• Set 18 
• Set 19
• Set 20
• Set 21
• Set 22

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