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September 01, 2015

Banking Awareness Quiz for IBPS Bank Exams 2015 - Set 58

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  1. At present, Indian banks are required to achieve priority sector lending target of 40 percent of aggregate advances, with ______________ sub-limit for the farm sector.
    1. 8 percent
    2. 10 percent
    3. 15 percent
    4. 18 percent 
    5. 20 percent
  2. The Depositor Education and Awareness Fund (DEAF) has been set up with _____________
    1. Public Sector Banks
    2. State Bank of India
    3. Reserve Bank of India
    4. Indian Banks Association 
    5. Government of India
  3. Security feature available with smart card :
    1. Multiple pins
    2. Retinal pattern verification 
    3. Dynamic signature verification 
    4. Vein recognition 
    5. All of the above 
  4. RBI set guidelines on OTS for MSEs for settlement of their NPAs. OTS means ___________
    1. Order Time Settlement Scheme 
    2. One Task Settlement Scheme 
    3. One Time Settlement Scheme 
    4. One Time Score Scheme 
    5. None of these
  5. Many banks have launched / flatted their subsidiaries which are fully owned by them. Banks launch subsidiaries normally for which of the following businesses ?
      • a) Home loan business 
      • b) To sell Insurance Policies 
      • c) To control on-line operations or Internet Banking Business 
    1.  Only a
    2. Only b
    3. Only c
    4. Only a & b
    5. All of the above 
  6. Many Banks have adopted / launched "Core Banking Solution (CBS)". CBS means _________
    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 / ATM frequently 
    5. None of these
  7. The Reserve Bank of India has asked all the banks to install "Note Sorting Machines" in
    the branches. How will this help bank and general public ?
      • a) The Machines will check for counterfeit notes and drop these from circulation 
      • b) This will help banks to count the notes quickly and accurately
      • c) This will help in sorting out soiled notes that they are not reissued by the bank 
    1. Only a
    2. Only b
    3. Only c
    4. Only a & b
    5. None of these
  8. The network for common data communication for banks and FIs launched by RBI 
    1. BANKNET
    2. INFINET
    3. SWIFT
  9. The credit outstanding under general credit cards also comes under the "other finance to MSMEs'. Here the general credit cards include ____________
    1. Artisan Credit Card 
    2. Laghu Udyami Card
    3. Swarojgar Credit Card
    4. Weaver's Card
    5. All of the above 
  10. Ministry of MSME, Government of India and __________ set up the Credit Guarantee Fund Trust for Micro and Small Enterprises with a view to facilitate flow of credit to the MSE sector without the need for collaterals / third party gurantees. 
    1. RBI
    2. IDBI
    3. SIDBI
    4. NABARD
    5. None of these
  11. Prime Minister's Task Force on MSMEs headed by who prescribed few targets for banks for lending to the Micro and Small Enterprise (MSE) sector ?
    1. T K A Nair 
    2. Pradhyamna Kumar
    3. Lakdawala
    4. S Ganesan
    5. None of these
  12. Non-bank entities must have net worth of at least how much to be eligible for operating White Label ATMs ?
    1. 100 Cr
    2. 200 Cr
    3. 300 Cr
    4. 400 Cr
    5. 500 Cr
  13. As per RBI guidelines, when a counterfeit note is detected at the branch, it should be ?
    1. Branded with a stamp "COUNTERFEIT BANK NOTE"
    2. Recorded in a separate register under authentication 
    3. Acknowledge in the prescribed format of RBI and issued to the tenderer
    4. All of the above 
    5. None of the above 
  14. Indicash is India's first White Label ATM unveiled by _________________
    1. Muthoot finance company Ltd
    2. Manappuram finance company Ltd
    3. Punjan National Housing finance Ltd
    4. Tata Communications Payment Solutions 
    5. Shri Ram Finance Ltd
  15. At what stage of opening of bank account is the checking of Politically Exposed Persons (PEP) carried out. 
    1. At the first point of customer interaction 
    2. At the Account Services Level 
    3. At the Central Account Services Level 
    4. One month after the account is opened 
    5. None of these
  16. Fixed Deposit (FC) in a commercial bank can be done for a maximum period of ___________
    1. 10 years
    2. 15 years
    3. 20 years
    4. 25 years 
    5. None of these
  17. What is the relationship between a bank and customer when a locker is rented out by a bank to a person :
    1. Bailor and Bailee
    2. Bailee and Bailor
    3. Principal and Agent
    4. Leasee and Leasor
    5. Leasor and Leasee
  18. RBI had introduced Advanced Approaches for Basel II Framework in India. Accordingly, the three approaches are ?
    1. Standardized Approach 
    2. Basic Indicator Approach 
    3. Standardized Duration Approach 
    4. All of the above 
    5. None of these
  19. In Bank,s loans and advances are considered as ___________
    1. assets
    2. liabilities 
    3. resources 
    4. cause of expenditure 
    5. None of these
  20. In today's changing banking scenario, aggressive promotion of business is necessary where the competition exists on _______________
    1. branch up - keep
    2. expeditious service 
    3. use of advanced digital technology 
    4. delightful customer service 
    5. all of these

Read more Banking Awareness Expected Questions from below

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