Static Banking and Financial Awareness Quiz for IBPS

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1. Ways and means advances (WMA) of the Central Govt. are payable within a period of :
1. 10 days
2. 15 days
3. 20 days
4. 14 days
5. 31 days
2. Which of the following features of Certificate of Deposit (CD) is correct ? 
• A) CD is a negotiable market instrument 
• B) CD is issued in demat form or as a usance promissory note 
• C) CD is issued at a discount to face value
1. A, B and C
2. A and B only
   
3. B and C only
4. A and C only
5. None of the above 
3. The minimum and maximum amount of Multiple Commercial Paper should be :
1. Rs. 1 lakh and Rs. 1 lakh
2. Rs. 1 lakh and Rs. 5 lakh
3. Rs. 5 lakh and Rs. 5 lakh
4. Rs. 5 lakh and No multiple
5. Rs. 3 lakh and Rs. 3 lakh 
4. In case of a credit card if a complainant does not get satisfactory response from the bank within a maximum period of ________________ days from the date of his lodging the complaint, he will have the option to approach the office of the concerned Banking Ombudsman for redressal of his grievance/s.
1. 10
2. 15
3. 30
4. 60
5. 55 
5. What is the amount for which the Marginal Standing Facility (MS-F) can be availed by banks from RBI ?
1. Minimum Rs. 1 crore and multiple of Rs. 50 lakh
2. Minimum Rs. 1 crore and multiple of Rs. 1 crore
3. Minimum Rs. 5 crore and multiple of Rs. 1 crore
4. Minimum Rs. 5 crore and multiple of Rs. 5 crore
5. Minimum of Rs. 2 crore and multiples thereof 
6. Under the Marginal Standing Facility (MSF), what is the time period for which the facility can be generally availed from RBI ?
1. 10 days and 12 days on Friday
2. 7 days and 9 days on Friday
3. It is an overnight credit facility
4. RBI discretion
5. Only two working days
7. What is the maximum ceiling on Foreign Direct Investment (FDI) for investment in the equity of private banks in India ?
1. 25%
2. 26%
3. 49%
4. 51%
5. 74% 
8. Which of the following is a prominent feature of the cheque ?
1. Negotiability
2. Transferability
3. Unconditional
4. 1, 2 & 3
5. Only 1 & 2
9. Which of the following banks ha-s announced the deployment of "Software Robotics" in over 200 business processes across various functions?
1. Axis Bank
2. HDFC Bank
3. ICICI Bank
4. Kotak Mahindra Bank
5. IDBI Bank
10. Discount And Finance House of India Ltd (DFHI) does not deal in :
1. Commercial Bills
2. Certificate of Deposit
3. Fixed Deposits
4. Call Money
5. None of the above 
11. The leader of the Indian Money market is :
1. State Bank of India
2. Lead Bank
3. Reserve Bank of India
4. Planning Commission
5. SEBI 
12. The minimum paid-up equity capital for small finance banks shall be :
1. Rs. 100 cr 
2. Rs. 200 cr
3. Rs. 300 cr 
4. Rs. 500 cr
5. Rs. 400 cr 
13. Payment Banks are allowed to accept which of the following type of deposits ?
1. Recurring Deposits
2. Fixed Deposits
3. Demand Deposits
4. Flexi Deposits
5. All of the above 
14. The small finance banks will extend _______________ of its Adjusted Net Bank Credit to the sectors eligible for classification as priority sector lending by RBI:
1. 32%
2. 40% 
3. 60%
4. 75%
5. 25% 
15. The minimum paid-up equity cap-ital for Payments Banks shall be :
1. Rs. 100 cr
2. Rs. 200 cr 
3. Rs. 300 cr
4. Rs. 500 cr 
5. Rs. 400 cr

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