Banking Awareness Quiz for Bank Exams in 2016

Hi Aspirants..Here are some useful Banking Awareness Questions for IBPS-PO/Clerk/SO/SBI-PO/Clerk/SBI Associate-Clerk/PO/Other Bank Exams upcoming in 2016. You can attempt the quiz by clicking the start quiz button below. All the Best. 

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1. A NBFC is prohibited to offer or undertake _____ ?

(a) accept demand deposits

(b) accept time deposits  

(c) Lend long term loans 

(d) Pay a higher rate of interest on deposits as compared to Banks

(e) None of the Above

2. “Grameen Bank” is a micro-finance organization and community development bank which operates in _______?

(a) Pakistan

(b) Sri Lanka

(c) Bangladesh 

(d) India 

(e) Nepal

3. What is the extended date for BASEL III Norms which was earlier 31st March 2018?

(A) 31st March, 2016

(B) 31st March, 2019

(C) 31st March, 2020

(D) 31st March, 2021

(E) 31st March, 2025

4. What was the name given to the minor a/c launched by SBI for children above 10 years?

(A) Shishu Suraksha

(B) Pehla khata

(C) Pehli Udaan

(D) Shishu Dhan

(E) None of the above

5. Commercial paper may be issued for a period of ____?

(a) 90 days

(b) 91 to 180 days

(c) 7 days to one year

(d) All the above

(e) None of the above

6. What is "Call Money”?

(a) Money borrowed and lent for overnight or a day

(b) Money borrowed for more than a day but upto 3 days    

(c) Money borrowed for more than a day but upto 7 days   

(d) Money borrowed for more than a day but upto 14 days

(e) None of the above

7. Under the Gold Bond Scheme instead of buying physical gold, Indian residents can buy the Gold Bonds. As per the Gold Bond Scheme, what is the tenure of the bonds?

(A) 15-17 years

(B) 5-7 years

(C) 1-2 years

(D) 1-5 months

(E)  None of the above

8. The minimum acceptable amount under the Scheme of Certificate of Deposit is ____?

(a) Rs. 1 lakhs 

(b) Rs. 10 lakhs

(c) Rs. 20 lakhs

(d) Rs. 25 lakhs

(e) None of the above

9. What are Mutilated Notes?

(A)  Notes which are in pieces and/or of which the essential portions are missing

(B)  Any bank note, which is wholly or partially, obliterated, shrunk

(C)  Notes which are washed, altered or indecipherable

(D)  Notes which are wholly or partially, obliterated, shrunk, washed, altered or indecipherable

(E)  None of these

10. What is the maximum age for MD and CEO in Private Sector Banks set by RBI?

(A) 70

(B)  75

(C) 60

(D)  80

(E) None of these

Attempt above Quiz to check the right answers. 

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