7/29/13

GENERAL AWARENESS FOR ALL COMPETITIVE EXAMS: BANKING AWARENESS PRACTICE MCQs
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SBI India

Saturday, June 8, 2013

BANKING AWARENESS PRACTICE MCQs

1. Indian Commercial Banks are categorized into: a) Public sector Banks b)Foreign Banks c) Private Sector Banks d) All of the above e) None 2. Regional Rural Banks have been set up with the basic objectives of: a) Providing credit to semi - urban & urban population b) Providing deposits facilities to farmers c) Providing credit & deposit facilities to rural areas d) providing credit, deposit and other banking facilities to people in rural areas e) None 3. _____ is raised in capital markets a) Funds through long term securities b) Long term loans through Govt. securities c) medium term loans d) Short - term instruments e) None 4. Interest on Government secu-rities on fixed basis is known as: a) Bank rate b) Coupon c) Prime Lending Rate d) Bench mark PLR e) None 5. __ was not nationalized in 1969: a) Punjab National Bank b) Oriental Bank of commerce c) Bank of Baroda d) Union Bank of India e) None 6. In the first round 14 major banks with a liability base of ____ were nationalized: a) 10 crore or more b) 20 crore or more c) 50 crore or more d) 100 crore or more e) None 7. _____ do not attract TDS: a) Fixed deposits b) Reinvestment depositsc) NRO SB d) NRO FDR e) Recurring deposits 8. SLR is maintained as a percentage of: a) Time liabilities

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GENERAL AWARENESS FOR ALL COMPETITIVE EXAMS: BANKING AWARENESS PRACTICE MCQs
b) Demand liabilities c) Time and Demand liabilities d) Gross time and demand liabilities e) Net demand and time Liabilities 9. The maximum Statutory Liquidity Ratio to be maintained by banks is_____: a) 25% b) 30% c) 35% d) 40% e) None 10. CRR funds are kept by the Banks in ____: a) Cash in hand at branches b) Balance with other banks c) Balance in a special Account with RBI d) Funds in the currency chest e) None 11. An increase in CRR by RBI leads to: a) Decrease in deposit b) increase in deposit c) Increase in lendable resources d) Decrease in lendable resources e) None 12. When RBI reduce the CRR it results into: a) Decrease in deposit b) increase in deposit c) Increase in lendable resources d) Decrease in lendable resources e) None 13. What is meant by development Oriented banking? a) Infrastructure financing b) Extending loans to States, which are undevelopment c) Taking up the task of develo-pment of the economy by providing support to under privileged sections of the society d) All the above e) None 14. Principal functions of SIDBI: a) Promotion of SSI b) Finance of SSI c) Development of SSI d) All the above e) None 15. ____ heads and conducts the affairs of RBI: a) Central Board b) local board c) Regional board d) All of the above e) None 16. RBI Provides ____ for meeting day - to - day receipt and expenditure mismatch to both Central and State Governments. a) treasury bills b) Ways and Means advance c) date and securities d) All the above e) None 17. RBI known as lender of last resort because: a) It has to meet the credit need of citizens to whom no one else is willing to lend b) Banks lend to go to RBI as a last resort c) It comes to help banks in times of crisis d) All of the above e) None 18. These days RBI uses Selective credit control measures rather infrequently because of: a) Deregulation of functions b) Autonomy given to banks c) Comfortable liquidity d) Reasonable inflation level e) All the above 19. Which is incorrect with regard to powers of RBI: a) Holds cash reserve banks b) Controls banking system through licensing c) Supervises Banking system through inspection
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d) None of the above e) All

GENERAL AWARENESS FOR ALL COMPETITIVE EXAMS: BANKING AWARENESS PRACTICE MCQs

20.Intervenes in markets to maintain the external value of the Indian rupee: a) Exporters b) Importers c) RBI d) IMF e) None 21. In India, forex rates are determined by: a) Importers b) Exporters c) RBI d) Ministry of commerce e) Demand and supply forces 22. Regional Rural Banks were set up on the recommendations of: a) Nariman committee b) Narasimham committee c) Gadgil committee d) Puri committee e) None 23. committee, launched the process of reforms of financial system in India: a) Gadgil committee b) Nariman committee c) Narasimham committee d) khanna Committee e) None 24. Which of the following can be categories as a Merchant Banking service? a) Consultancy on finance to a company b) Advance in capital structure c) Managing mergers d) Helping in finalizing take over e) All the above 25. The instrument which provides proprietary interest in company and which entitles a person to dividend on profits, is called? a) Bond b) Share c) Debenture d) Warrant e) Any of the above 26. Which of the following provides proper definition of a Mutual Funds? a) It is an association of members of public b) These members want to invest in financial instrument c) They want to invest in financial instrument assts of business sector d) All the above e) None 27. Which of the following organisations/agencies works solely to monitor and arrange flow of agriculture credit in India? a)NABARD b) SIDBI c) RBI d)SEBI e) None of these 28. The currency notes of which of the following denominations are not printed in India ? a) Rs. 5 b) Rs. 10 c) Rs. 50 d) Rs. 2500 e) Rs. 1000 29. Which of the following is not the name of a bank functioning in India? a) Central Bank of India b) UCO Bank c) Aegon Religare d) Dena Bank e) ICICI Bank 30. When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as : a) Term Deposit b) Demand Deposit c) Bond d) Mortgage e) Advance.
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Abbreviations (1) AGRICULTURE (3) ALLAHABAD BANK (2) ANDHRA BANK (1) Aryavarta Gramin Bank (1) AWARDS (30) BANK OF BARODA (2) BANK OF INDIA (1) BANK OF MAHARASHTRA (2) BANKING TERMS (1) Baroda Rajasthan Gramin Bank (1) BUDGET (7) CENTRAL BANK OF INDIA (1) CORPORATE AFFAIRS (2) CORPORATION BANK (2) CURRENT AFFAIRS (97) CURRENT ECONOMY (34) DEFENCE (5) ECONOMIC SURVEY 2011-12 (20) ENVIRONMENT (17) GENERAL AWARENESS (88) GURGAON GRAMIN BANK (1) HOW TO PREPARE (1) IBPS (3) Malwa Gramin Bank (1) MCQs (62) MODEL PAPER (4) OBC (1) RBI (2) REPORTS (4) SBI (5) SCHEMES (22) Socio Economic Awareness (13) SOLVED PAPER (38) SPACE (2) SPORTS (10) SUMMITS (15) SYNDICATE BANK (1) UNION BANK OF INDIA (1)

Awareness SBI India It in Banking

General Budget 2012-13 Economic Survey 2011-12 Railway Budget 2012-13 state of Indian Agriculture 2011-12

Schemes for Rural India

PURA Bharat Nirman NSAP CAPART MGNREGA PMGSY PMRDFs IAY DIKSHA SGSY NRLM SECC-2011 IAP Districts(List)

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Review of the Economy

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GENERAL AWARENESS FOR ALL COMPETITIVE EXAMS: BANKING AWARENESS PRACTICE MCQs
31. Which of the following terms NOT used in banking/finance related matters ? a) Discount Rate b) Letter of credit c) Policy Rate d) Exchange rate e) Base rate 32. Who amongst the following is the chief of SEBI? a) Milind Bhave b) UK Sinha c) Shashikath Verma d) Shyamala Gopinath e) None of these 33. Which of the following is a leading electronic-payment tec-hnology firm? a) Visa b) Max c) BSE d) Sensex e) SWAP 34. Global Market means market of : a) USA b) China c) OPEC members d) European union countries e) All major countries and their alliances
Review of the Economy 2011/12 UNITED BANK OF INDIA (1)

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Answers:
1) d; 2) d; 3) a; 4) b; 5) b; 6) c; 7) e; 8) e; 9) d; 10) c; 11) d; 12) c; 13) c; 14) d; 15) a; 16) b; 17) c; 18) e; 19) d; 20) c; 21) e; 22) b; 23) c; 24) e; 25) b; 26) d; 27) a; 28) d; 29) c; 30) a; 31) e; 32) b; 33) a; 34) e;
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