Banking Awareness for BOB PO Exam 2016

Hi Aspirants, here are some useful banking awareness questions useful for upcoming Bank of Baroda PO Recruitment 2016. The exam is scheduled to be held on 25 September 2016. To view multiple choice questions, click on the 'START QUIZ' button below. We have also compiled the Q&A for easy reference and study. All the Best.

First attempt MCQ Online Quiz by clicking  ‘START QUIZ’ button

1. In Banking terminology, NPA means

Answer: Non-Performing Asset

2. Which of the following schemes has been launched for providing health services in rural areas?

Answer: ASHA

3. Which of the following schemes has been launched for the school-going children?

Answer: Mid-Day Meal

4. ‘Sugam’ is a scheme launched for

Answer: Small tax payers

5. What is the full form of ‘ULIP’, the term which was in the news recently?

Answer: Unit Linked Insurance Plan

6. Which of the following is NOT a banking related term?

Answer: Radiation

7. Insurance service provided by various banks is commonly known as ______

Answer: Bancassurance

8. Which from the following is NOT true when the interest rate in the economy goes up?

Answer: Return on capital increases

9. Rate of interest is determined by:

Answer: Commercial Banks

10. Which bank was earlier called the “Imperial Bank of India”?

Answer: SBI

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Mock Test on Banking for RBI Grade B Officer Exam

Hi Aspirants, here we have prepared a Mock Test on Banking Awareness for the upcoming RBI Grade B Officer Exam 2016 scheduled to be held on 4 September 2016. In this Mock Test we have covered the following Questions. You can attempt the Mock Test and see correct answers by clicking the ‘START QUIZ’ button given at the end of questions. 

Questions covered in this Mock test

1. What does M in M-Banking Facility being offered by banks to their customers, stand for?

2. Which of the following is/are true about the Sub-Prime Crisis?

1. It is a mortgage crisis referring to credit default by the borrowers.

2. Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers.

3. This crisis originated because of negligence in credit rating of the borrowers.

3. At which of the following cities is the Head Office of Reserve Bank of India located?

4. The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called

5. The Imperial Bank of India, after its nationalization came to be known as

6. In which year was the Imperial Bank of India rechristened as State Bank of India?

7. Regional Rural Banks are sponsored by

8. Which is the country’s third largest private sector lender whose name has been officially changed to the Axis Bank ltd. ?

9. In which year was the Reserve Bank of India established?

10. Expand the term LIBOR as used in financial banking sectors?

See correct answers by clicking the ‘START QUIZ’ button

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Expected Banking Questions for RBI Grade B Officer Exam 2016

Hi Aspirants, Reserve Bank of India (RBI) is going to conduct its RBI Grade B Officer Exam 2016 on 4 September 2016. In this post we are sharing with you some expected Banking Awareness Questions for this exam. We have created a online quiz to test your knowledge. In the bottom we have given the questions and answers. So first attempt the quiz and test your knowledge. Then study the questions and answers.

In case of any difficulty in taking quiz Visit our Quiz page for better experience-Click Here 

1. Which of the following public sector banks has the largest number of branches in foreign countries?

Answer: Bank of Baroda

2. The only merger of two public sector banks took place between -

Answer: Punjab National Bank and New Bank of India

3. Which of the following banks was inaugurated by Mahatma Gandhi in 1919?

Answer: Union Bank of India

4. After State Bank of India, which of the following banks has the largest number of offices?

Answer: Punjab National Bank

5. Which of the following rates are reviewed by the RBI at the time of periodical review of the policy?

Answer: All the three

6. What are teaser loan rates charged by banks?

Answer: Low rate of interest in the initial period which goes up subsequently

7. Which of the following terms is used in banking field?

Answer: Interest rate swap

8. Expand the term EMI as used in banking/finance sector?

Answer: Equated Monthly Installment

9. Bank rate is decided by which of the following?

Answer: Reserve Bank of India

10. With which of following types of loans are teaser rates related?

Answer: Home loans

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Exam Pattern and Syllabus for IBPS Clerk Exam 2016

Hi Aspirants, Institute of Banking Personnel Selection (IBPS) has published the Notification for its Clerical Cadre Recruitment 2016 (IBPS CWE Clerk VI 2016 Notification Published). It’s time now to change the gear and start preparation seriously. But first we have to understand the pattern of the exam, its syllabus, negative marking etc. Let’s have a look on the same.

Exam Pattern

IBPS will conduct Online Common Written Exam for Clerk VI 2016 in two tiers i.e. the online examination will be held in two phases, preliminary and main. Total marks of Preliminary exam is 100 in a duration of 1 hour for objective type questions & total marks of Main examination is 200 in a duration of 2 hours for objective type questions. The tests except the Test of English Language will be available bilingually, i.e. English and Hindi.

Syllabus for the Preliminary Examination 

 Syllabus for Main Examination

 Negative Marking

There will be penalty for wrong answers marked in the Objective Tests. For each question for which a wrong answer has been given by the candidate one fourth or 0.25 of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is marked by the candidate; there will be no penalty for that question.

Scores: The corrected scores obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method.

Cut-off Score (Online main examination)

Each candidate will be required to obtain a minimum score in each test of Online Main Examination and also a minimum total score to be considered for further process. Depending on number of the State/ UT wise vacancies available, cut-offs will be decided and candidates will be considered for provisional allotment. Prior to the completion of provisional allotment process scores obtained in the Online Main Examination will not be shared with the candidates.

NOTE: MARKS OBTAINED IN THE MAIN EXAMINATION ONLY WILL BE CONSIDERED FOR FINAL MERIT LISTING.

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Banking/Insurance Quiz for LIC AAO 2016

Hi Aspirants..Here are some useful Questions from Banking/Insurance useful for upcoming LIC AAO Exam 2016 scheduled to be held during March 2016. Attempt the Quiz and share your score. 

Questions for the day. Click the ‘START QUIZ’ button to start the quiz.

1. ‘Ways and Means” advances are provided by Reserve Bank of India only to:

(A) central Government

(B) State Government

(C) Both (A) and (2)

(D) None of the above

2. PAN number is required for all transactions above

(A) Rs. 25,000

(B) Rs. 50,000

(C) Rs. 1 lac

(D) Rs. 10 lacs

3. The regulator for Mutual Funds in India is?

(A) FIMMDA

(B) AMFI     

(C) RBI

(D) SEBI

4. Banking Regulation Act, 1949, does not at all apply to

(A) nationalized banks

(B) State bank of India and its subsidiaries

(C) foreign banks having branches in India

(D) Primary agricultural credit societies and co-operative land mortgage banks

5. In terms of Reserve Bank of India (RBI) guidelines, Banks in India must pay a minimum interest on the balances held in Saving bank account at ________?

(A) 4%    

(B) 3.50% 

(C) 5%  

(D) 6%

6.Bank holidays under Section 25 of the Negotiable Instruments Act, 1881 are declared by:

(A) State Government for the respective State

(B) Banking Operations Department

(C) Central Government

(D) RBI

7. A Co-Operative Bank operating in different States is regulated by _______?

(A) State Co-Operative Societies Act

(B) Banking Regulation Act

(C) Multi Unit Co-Operative Societies Act

(D) Banking Laws (applicable to Co-Operative Societies)

8. Kisan Credit Cards (KCC) Scheme was formulated in the year:

(A) 1996

(B) 1997

(C) 1998-99

(D) 2000

9. KYC means ________ ?

(A) Know Your Customer very well

(B) Know Your exiting Customer very well

(C) Know Your prospective Customer very well

(D) Satisfy yourselves about the customer’s identity and activities

10. Which of the following types of ATMs eliminates the need for PIN entry and authenticated customer transactions by thumb impressions:

(A) White Label ATMs

(B) Biometric ATMs

(C) On-site ATMs

(D) Off-site ATMs

Attempt above Quiz to check the right answers. 

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If you preparing for LIC AAO Exam 2016 - Our experts have shortlisted the best books for this exam. Check it out from here

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GK Questions IBPS Clerk Mains Exam - 3 January 2016 (Morning Shift)

Hi Aspirants..Today (3 January 2016) was the second day of IBPS Clerk Mains 2016. In this post we are sharing with you the questions asked in the Morning Shift of today's (03.01.2016) exam. The Mains Exam consist of Reasoning, English, Quantitative Aptitude, General Awareness & Computer Knowledge. 40 questions from each section for a total of 200 marks. This will be useful for those preparing for next year's exam. 

New!! Check Questions asked in Evening Shift Exam
GK Questions asked in 3 January 2016 IBPS Clerk Mains

1. Headquarters of HDFC? - Mumbai

2. Capital of Saudi Arabia? - Riyadh

3. Prime minister of Canada? - Justin Trudeau

4. Riyal is the currency of? - Saudi Arabia

5. Name the Insurance regulator in India? - IRDA

6. Constituency of Hema Malini MP? - Mathura

7. Hawana is capital of which country? - Cuba

8. Indian Army Day is observed on? - 15 January

9. Keoladeo National Park is located at? - Bharatpur, Rajasthan

10. Dholera International Airport is located at? - Ahmedabad, Gujarat
(If you are back in Current Affairs don’t worry,  attempt Our Daily Current Affairs Quiz & this will surely improve your GA. Have a try & believe)

11. First Regional Rural Bank in India started in which state? - Uttar Pradesh

12. Korba Thermal Power Station is located at? - Chhattisgarh

13. Climate Change Summit 2015 was recently held at? - Paris

14. Ashok Amritraj is a former player in? - Tennis

15. Which Bank has headquarter at Manipal, Karnataka? - Syndicate Bank

16. Which bank can deposit upto 1 lakh but no loan can be given? - Payment Bank

17. Full form of ASBA? - Application Supported by Blocked Amount

18. Customer identification is related with which instrument? - KYC

19. Which bank recently launched mobile wallet 'Batua'? - SBI

20. Which Bank launched country's first 'display variant' debit card? - Axis Bank
Also check IBPS Clerk Exam 2 January 2016 Questions

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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. 

Click Here to take this quiz from our direct site for better experience 
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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Questions asked in IBPS Clerk Mains held on 2 January 2016 - Morning Shift

Hi Aspirants..Today (2 January 2016) was the first day of IBPS Clerk Mains 2016. In this post we are sharng with you the questions asked in the Morning Shift of today's (02.01.2016) exam  & its Review. The Mains Exam consist of Reasoning, English, Quantitative Aptitude, General Awareness & Computer Knowledge. 40 questions from each section for a total of 200 marks. This will be useful for those having exams in upcoming shift & those preparing for next year's exam. 

New!! Check Questions asked in Evening Shift Exam

GK Questions asked in 2 January 2016 IBPS Clerk Mains

1. Currency of Nigeria? - Nigerian naira
2. National Housing Bank (NHB) is the subsidiary of? - RBI
3. Beirut Capital of? - Lebanon
4. Which country won the Davis cup 2015? - Great Britain
5. PT Usha is related to which sports? - Atheletics
6. President of France? - Francois Hollande
7. Dachigam National Park is located in which state? - Jammu & Kashmir
8. India’s literacy rate as per census 2011? - 74.04%
9. Sunil Naraine is thecricketer from which country? - West Indies
10. CRAR full form? - Capital to Risk (Weighted) Assets Ratio
11. Who won Mahatma Phule Samata Puraskar 2015? - Arundhati Roy
12. Name India's first Credit Information Company (CIC) founded in August 2000? - Credit Information Bureau (India) Limited (CIBIL)
13. Central Sector Scheme Nai Manzil aims at? - Educational and livelihood needs of minority communities
14. Atal Pension Yojana has replaced which previous scheme? - Swavalamban Yojana
15. Naitonal Voters Day was observed on? - January 25
16. Mount Abu is a popular hill station located in which state? - Rajasthan
17. Which of the following is the Public Sector Bank? - IDBI (from options)
18. 1st BRICS media summit was recently held at? - China
19. KYC is used for which pupose? - To verify the customer
20. Name the first Non-banking financial company (NBFC) recently started bank? - Bandhan
21. IMF recently included which country’s currency in its basket (SDR)? - Yuan (Renminbi) of China
22. In RIDF R stand for? - Rural (Rural Infrastructure Development Fund)
23. First Indian Scientist to receive Bhart Ratna in 1954? - C.V.Raman
24. UNU stands for? - United Nations University [Headquarters: Tokyo,Japan]
25. Commonwealth's new Secretary General? - Patricia Scotland
26. Which bank recently decided to shut its private banking operations in India? - HSBC Holdings Plc
27. MMID full form? - Mobile Money Transfer Identifier
RBI monetary policy review on which basis? - Bi-monthly
(If you are back in Current Affairs don’t worry,  attempt Our Daily Current Affairs Quiz & this will surely improve your GA. Have a try & believe)

Computer Questions asked in 2 January 2016 IBPS Clerk Mains
1. ADSL full form? - Asymmetric digital subscriber line 
2. Mozila Firefox is a? - Web Browser
3. Device act as both input and output? - Touch screen 
4. Which is the text-based operating system? - Linux
5. Full form of HTTP? - HyperText Transfer Protocol
6. Google is a ____? - Serach Engine
7. c++ is which type of language? - Programming Language
8. Which language is used to write internet program? - HTML

Most of the Current Affairs Questions asked were covered in our weekly Currentaffairs4examz PDF. So if you have upcoming exams don't miss our Weekly PDF. Click Here to download the same. 

First Reviews!!!

From the first reviews received it is seen that English, Reasoning & Computer Sections were easy whereas Aptitude was little bit lengthy & from GA banking & current affairs questions were more - static gk were less. Stay connected for more updates.
Aptitude Review

* No questions from quadratic equation, simplification questions were moderate, Data Interpretation question was easy. 

Meanwhile you can check Study Materials for IBPS Clerk Mains 2016

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