Banking Awareness Quiz for IBPS Clerk Mains 2016

Hi Aspirants..here are some useful Banking Awareness Quiz for IBPS Clerk Mains 2016 starting on 2 January 2016. Our online quiz equip you to learn questions easily. If your score on first attempt is low, study first and revise again. 

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

1) Who among the following is the primary regulator of Banking business?

(A)Reserve Bank of India

(B)Central Government

(C)State Government

(D)Parliament

(E)a and b both the above

2) Minimum cash reserves fixed by law constitute ___

(A)A percentage of aggregate deposits of the bank

(B)A percentage of aggregate loans and advances of the bank

(C)A percentage of capital & reserves of the bank

(D)All of the above

(E)None of these

3) The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of _______:

(A)Undesirable persons

(B)Artificial persons

(C)Arrested persons

(D)Convicted persons

(E)All of the above

4) Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?

(A)Bombay Stock Exchange

(B)Delhi Stock Exchange

(C)Calcutta Stock Exchange

(D)Bangalore Stock Exchange

(E)None of the above

5) Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:

(A)Combating finance of terrorism

(B)To check hawala transactions

(C)To check the inflow of crime money

(D)To check inflow of the money earned out of sale of narcotics

(E)All the above

6) Which of the following is not a function of General Insurance?

(A)Cattle Insurance

(B)Crop Insurance

(C)Marine Insurance

(D)Fire Insurance

(E)Medical Insurance

7) In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under ____ Act

(A)Section 22 of banking Regulation Act

(B)Section 22 of RBI Act

(C)Section 22 of NABARD

(D)KYC Guidelines by RBI

(E)a and b above

8) A fixed deposit receipt is kept with the bank for its safety, is known as ___?

(A)Safe custody

(B)Safe deposit

(C)Locker

(D)Valid safe deposit

(E)None of the above

9) Currency notes deposited in the currency chest are the property of ____?

(A)Respective bank

(B)RBI

(C)SBI

(D)Government of India

(E)Respective state Government

10) Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:

(A)Public

(B)Relatives in the from of loans

(C)Friends

(D)All of the above

(E)None

Attempt Quiz to check the right answers. 

Check more Banking Awareness Quiz 2015

Read More

Quiz on Latest RBI Policy Rates for Exams

Friends..Here is an Interesting Quiz to study latest Repo, Reverse Repo, Bank Rate, CRR, SLR, MSF Rates etc easily and know what they stand for. RBI changes these rates based on their Monetary Policy reviews. These rates have been last revised in its policy review on 29 September 2015. We will update this whenever there is a change. Study with fun :) 

Click Here to take this quiz from our direct site for better experience 
1) What is Repo Rate?

(A) Deposits of banks in government securities

(B) Rate at which banks borrow funds from the RBI

(C) Rate at which RBI borrows money from the banks

(D) Deposits (as cash) which banks have to keep/maintain with the RBI

2) Which is the current Repo Rate? (As on 25.10.15)

(A) 6.75 %

(B) 4.00 %

(C) 7.75 %

(D) 21.50 %

3) What is Reverse Repo Rate?

(A) Deposits of banks in government securities

(B) Rate at which banks borrow funds from the RBI

(C) Rate at which RBI borrows money from the banks

(D) Deposits (as cash) which banks have to keep/maintain with the RBI

4) Which is the current Reverse Repo Rate? (As on 25.10.15)

(A) 6.75 %

(B) 4.00 %

(C) 7.75 %

(D) 5.75 %

5) Which is the current Bank Rate? (As on 25.10.15)

(A) 6.75 %

(B) 4.00 %

(C) 7.75 %

(D) 21.50 %

6) What is Cash Reserve Ratio?

(A) Deposits of banks in government securities

(B) Rate at which banks borrow funds from the RBI

(C) Rate at which RBI borrows money from the banks

(D) Deposits (as cash) which banks have to keep/maintain with the RBI

Also check Latest Repo, Reverse Repo, Bank Rate, CRR, SLR, MSF Rates for Exams

7) Which is the current Cash Reserve Ratio? (As on 25.10.15)

(A) 6.75 %

(B) 4.00 %

(C) 7.75 %

(D) 21.50 %

8) What is Statutory Liquidity Ratio (SLR)?

(A) Deposits of banks in government securities

(B) Rate at which banks borrow funds from the RBI

(C) Rate at which RBI borrows money from the banks

(D) Deposits (as cash) which banks have to keep/maintain with the RBI

9) Which is the current Statutory Liquidity Ratio (SLR)? (As on 25.10.15)

(A) 6.75 %

(B) 4.00 %

(C) 7.75 %

(D) 21.50 %

10) Which is the current Marginal Standing Facility (MSF)? (As on 25.10.15)

(A) 6.75 %

(B) 4.00 %

(C) 7.75 %

(D) 21.50 %

Answers

1) Ans. (B) Rate at which banks borrow funds from the RBI

2) Ans. (A) 6.75 %

3) Ans. (C) Rate at which RBI borrows money from the banks

4) Ans. (D) 5.75 %

5) Ans. (C) 7.75 %

6) Ans. (D) Deposits (as cash) which banks have to keep/maintain with the RBI

7) Ans. (B) 4.00 %

8) Ans. (A) Deposits of banks in government securities

9) Ans. (D) 21.50 %

10) Ans. (C) 7.75 %
Also Check more Banking Awareness Questions 

Read More

Banking Awareness Quiz for IBPS PO/Clerk 2015

Friends..Here are some useful Banking Awareness Questions in Quiz format useful for upcoming IBPS PO Exam 2015 and IBPS Clerk Exam 2015. Attempt the quiz and share your score.  

Click Here to take this quiz from our direct site for better experience 
1) Which of the following is not a money market instrument?

(a) Mutual funds

(b) Commercial paper

(c) Certificate of deposits

(d) T-Bills

2) Which of the following is an example of world-wide financial messaging network?

(a) NEFT

(b) CHIPS

(c) SFMS

(d) SWIFT

3) Which one of the following rates is not decided by RBI?

(A) Bank rate

(B) Prime Lending rate

(C) Repo rate

(D) Base rate

4) Regulatory Authority for Regional Rural Bank is?

(A) RBI and NABARD

(B) NABARD

(C) RBI

(D) Central bank

5) Reserve Bank of India (RBI) was established on the recommendations of?

(A) U.K.Patel Committee

(B) Hilton Young Commission

(C) S.Chetty Commission

(D) None of these

6) Maximum age for retirement for MD/CEO of all private banks is?

(A) 60

(B) 65

(C) 70

(D) 68

7) Through which of the following sources domestic funds are raised by companies?

(a) IPO only

(b) FPO only

(c) Commercial papers only

(d) Both IPO and FPO

8) Expand LIBOR?

(a) London International Bank Offered Rate

(b) London Inter Bank Official Rate

(c) London Inter Bank Offered Ratio

(d) London Inter Bank Offered Rate

9) Expand CRAR in terms of banking sector.

(a) Capital- to- Return Asset Ratio

(b) Capital –to-Risk Asset Ratio

(c) Capital –to-Risk Asset Range

(d) Core Risk Asset Return

10) When was IDBI delinked from the RBI and taken over by Government of India?

(a) 1978

(b) 1977

(c) 1976

(d) 1980

Also Check other Banking Awareness Questions

Read More

Important Articles in Constitution of India for Bank Exams - PDF Download

Friends.. You might have noticed that in the IBPS RRB PO/Assistant Exam going on, there was a question related to various articles of constitution of India. So in this post, we are sharing with you the important articles in constitution which will us useful for all upcoming exams like IBPS Clerk/PO. If you would like to add more please comment below. You can also download this article as PDF from the below link.  

Article 1 - Name and Territory of the Union.

Article 14 - Relates to Right to Equality

Article 17 - Abolishes the practice of untouchability

Article 18 - Prohibits the state from conferring any title.

Article 19 - Deals with six freedoms of Indian citizens namely,

(a) freedom of speech and expression

(d) freedom of movement throughout the territory of India

(e) freedom of residence and settlement in any part of India

(d) freedom of occupation.

Article 21 - Provides protection to life and liberty to all persons

Article 21A - Right to elementary education.

Article 22 - Affords protection against arbitrary arrest & detention

Article 23 - Prohibits the traffic in human beings and beggars. (making a person work without wages or adequate compensation)

Article 24 - Prohibits the employment of children below 14 years.

Articles 25-28 - Relates to Right to freedom of religion

Article 32 - Right to Constitutional Remedies described as ‘‘The heart and soul of the Constitution’’ by Dr. B.R. Ambedkar

Article 36-51 -Relates to Directive Principles of State Policy.

Article 39A - Free legal aid

Article 40 - Deals with the formation of Panchayats

Article 44 - Uniform Civil Code for the Citizens.

Article 45 - Free and compulsory education to all children below 14 years of age.

Article 50 - Separation of Judiciary

Article 51 - Promotion of International peace & security

Article 51(A) - Relates to list of Fundamental Duties

Article 74 - Council of Ministers to aid and advice the President

Article 110 - Definition of Money Bills.

Article 112 - Annual Financial Statement (Budget)

Article 123 - Power of President to promulgate ordinances during recess of Parliament.

Article 262 - Adjudication of disputes relating to waters of Inter -state rivers or river valleys.

Article 312 - All India Services

Article 315 - Public Service Commissions for the Union and for the states.

Article 324 - Relates to the Election Commission

Article 352 - Gives provision regarding emergencies

Article 356 - Proclamation of President’s Rule in the states.

Article 368 - Amendment of the Constitution by the Parliament

Article 370 - Special status to Jammu and Kashmir

Download this article as PDF

Read More

Today's (19 September 2015) IBPS RRB Assistant Exam GA Questions - Morning Shift

Friends.. In this post we have compiled the General Awareness Questions asked in today's(19-09-2015) IBPS RRB Assistant Exam held in Morning Shift. Special Thanks to Natasha, Vivek, Ahalya, Kaveri for sharing the questions. If you would like to share more questions please comment below or share with us at currentaffairs4examz@gmail.com. Also Check Evening Shift Questions(now updated!!).

1.  Currency of Greece? - Euro

2. Full form of MSME? - Micro Small and Medium Enterprises

3. 2022 Winter Olympics to be held in? - Beijing, China

4. Headquarter of Bank for International Settlements (BIS)? - Switzerland

5. Ardh (half) Kumbh Mela is held in which city? - Nasik

6. Karbonn is going to set up a new manufacturing plant in? - Telangana

7. Netravali Wildlife Sanctuary is located in? - Goa

8. Who has been appointed head of India’s Oscar jury 2015? - Amol Palekar

9. National Handloom Day? - August 7

10. Current CRR Rate? - 4%

11. In which Year, Hindi was declared as the official language of India? - 1949

12. Which department has recently decided to sell 7 Lakhs bottle of Goadavri Pushkara Jalam? - India Post

13. World’s first carbon-free Masdar City located in? - UAE

14. 29 people recently killed in stampede at Godavari Pushkaram held at? - Andhra Pradesh

15. Who won the Saraswati Samman for the epic ‘Sri Ramayana Mahanveshanam’? - M Veerappa Moily

16. Article 18 of Indian Constitution is related to the? - Abolition of titles

17. Author of 5 year old billionaire? - Onkar Kishan Khullar

18. BIS(Bureau of Indian Standard) Headquarters is at? - New Delhi

19. Tata conglomerate, has acquired a stake in which of the chinese company? - Xiaomi Technology

20. Which country celebrates its 50th Independence Day celebrations on 9th August? - Singapore

21. Federal Reserve Bank is the central banking system of? - United States

22. The “Tunnel of Time” is the autobiography of? - R K Laxman

23. SIDBI full form? - Small Industries Development Bank of India

24. Who is known as the father of Indian constituency? - B.R Ambedkar
Check Questions so far asked in IBPS RRB 2015

Read More

Quiz on Slogans and Taglines of Banks for Exams

Friends.. Slogans and Taglines of Banks in India are now a days a common questions for all Bank/Insurance Exams including those conducted by SBI and IBPS. Many of you have requested us a quiz on the same. In this post we are providing you the Part-1 of Quiz series on Slogans and Taglines of various Banks in India. Also comment topics on which you need quiz from our side. We will provide them.

Click Here to take this quiz from our direct site for better experience 

1. Slogan of HDFC Bank? 

 (A) We Understand Your World

(B) A premier government of Indian enterprise

(C) Relationship beyond banking

(D) A tradition of trust

2. Slogan of Federal Bank?

(A) For all your needs

(B) One family one bank

(C) Together we can

(D) Your Perfect Banking Partner

3. Slogan of ICICI Bank?

(A) Indias central bank

(B) Hum Hai Na...

(C) Taking banking technology to the common men

(D) A premier government of Indian

4. Slogan of IDBI Bank?

(A) Trusted family bank

(B) Where vision gets built

(C) Banking for All; Aao Sochein Bada

(D) Good people to grow with

5. Slogan of Reserve Bank of India?

(A) Indias central bank

(B) World wise

(C) Honors your trust

(D) Invest with confidence

6. Slogan of Punjab National Bank?

(A) Indias international bank

(B) Smarter Money

(C) The Name you can BANK upon

(D) Protection

7. Slogan of Oriental Bank of Commerce?

(A)  Banking for all

(B) What's in your wallet?

(C) You can count on us

(D) Where every individual is committed

8. Slogan of State Bank of India?

(A)  Where money lives

(B) The Next Stage

(C) Banker to every Indian

(D) Embracing ingenuity

9. Slogan of Syndicate Bank?

(A)  Together we make a great team

(B) Smart way to Bank

(C) Invest with confidence

(D) Your Faithful And Friendly Financial Partner

10. Slogan of Union Bank of India?

(A) Good people to bank with

(B) Making more possible

(C) At the service of your ideas

(D) More human interest
Check More Banking Awareness Questions

Read More