Banking Awareness Quiz for IBPS Bank Exams - Part 53

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1. What is 'Special Crossing' ?
1. Not Negotiable words in two parallel lines
2. Account Payee words in two parallel lines
3. & Co. words in two parallel lines
4. Any bank's name with or without two parallel lines and payable to collecting banker only.
5. None of these 
2. What is the rate of penalty applicable for payment of term deposit Pre maturely to legal heirs of a decreased customer on the re-quest of the legal heirs ?
1. 1% less than applicable rate for the period of deposit
2. 1% less than the rate mentioned in the receipt
3. No penalty is to be applied
4. As per discretion of Branch Manager
5. None of these 
3. A person introducing an account to a bank is liable for _______________
1. Establishing proper identity of the account holder only and no financial accountability in case of any fraud etc.
2. Making good the loss that the account holder may cause
3. Ensuring that the customer maintains the account properly
4. Tracing the account holder as an when bank desires
5. None of these 
4. Which of the following does not find mention in the Negotiable Instrument Act ?
   
1. General Crossing
2. Special Crossing
3. Not Negotiable Crossing
4. Double crossing
5. Account Payee Crossing 
5. The Financial Results of the banks and other organizations normally are expressed in quarters. What does Q-I mean ?
1. Results of January-March
2. Performance during April- June
3. The period when the profits are highest
4. Period where the turnover is more
5. The period when the profits are highest 
6. Who is the regulator of payment and settlement system in India ?
1. SEBI
2. ERDA
3. RBI
4. Central Government
5. None of these 
7. The Gilt-Edged security market is the market for which of the following?
1. Market for trading in gold
2. Market for trading in sliver
3. Market for government securities
4. Market for industrial securities
5. All the above 
8. The IT firm which has launched, BaNCS Digital, specifically for American retail banks:
1. Infosys
2. Reliance 
3. TCS
4. Mahendra
5. None of these 
9. The international bank which has announced to cut up to 50,000 jobs globally
1. IDBI
2. HDFC
3. HSBC
4. AXES
5. ICICI 
10. The stake the RBI has allowed banks to acquire in companies defaulting after restructuring of their loans upto :
1. 81 percent
2. 61 percent
3. 51 percent
4. 41 percent
5. None of these 
11. The reserve Bank of India will be assisting banks as a temporary measure, by providing additional liquidity support under LAF What is the full form of LAF ?
1. Loan Adjustment Fund
2. Liquidity Adjustment Facility
3. Long Awaited Funds
4. Loan against Funds
5. None of these 
12. Net Working Capital means :
1. Current Assets only
2. Current Assets minus Current Liabilities
3. Capital plus Reserves minus Intangible Assets
4. Current Assets minus Stocks
5. None of these
13. The Indian Scheme ranked as the world's largest public works programe by the world bank
1. Deen Dayal Upadhyaya Gram Jyoti Yojana
2. MGNREGA
3. Janani Suraksha Yojana
4. National Pension System
5. Pradhan Mantri Adarsh Gram Yojana 
14. The Indian insurance Company granted permission to start operations in Bangladesh recently:
1. LIC of India
2. Oriental Insurance company
3. United India Insurance company
4. All of the above
5. None of these 
15. India's economic growth forecast for 2015-16 as announced by the RBI on 2nd June
1. 6.6 percent
2. 8.6 percent
3. 4.6 percent
4. 7.6 percent
5. None of these 
16. The present Repo rate as announced by the RBI is :
1. 7.25 percent
2. 6.25 percent
3. 2.25 percent
4. 4.25 percent
5. None of these 
17. The bank which has launched a voice recognition service to identify and authenticate customers -
1. IDBI
2. HDFC
3. HSBC
4. AXES
5. ICICI 
18. The annual remuneration on non-executive director of private ban-ks fixed by the RBI recently -
1. 10 Lakhs
2. 20 Lakhs
3. 30 Lakhs
4. 40 Lakhs
5. None of these 
19. In Call money markets  are allowed to trade:
1. Only Banks
2. Only Primary dealers
3. Mutual funds
4. All of the above
5. None
20. KYC guidelines have been framed on the basis of four core components. Which of the following is not core component
1. CustomerAcceptance Procedure
2. Customer Identification Procedure
3. Monitoring of Transaction
4. Risk Management
5. Management of Operational risk 

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