Apr 1, 2016

Banking Knowledge - IBPS Banking Awareness Questions

IBPS Banking Awareness Questions

IBPS Banking Awareness Questions Answers - Prctice Set


1. Bank branches which can undertake foreign exchange business directly are known as …………….. in foreign exchange.
(1) Authorized dealers
(2) Foreign dealers
(3) Overseas branches
(4) Approved dealers
(5) Exchange branches

2. Insurance cover for bank deposits in our country is provided by ………….
(1) SBI
(2) Government of India
(3) GIC
(4) LIC
(5) DICGC

3. Financial Literacy does not include which of the following?
(1) How to invest in funds
(2) How to use the limited funds carefully
(3) How to minimize the risk
(4) How to reinvest the money earned
(5) None of these

4. Loans of very small amounts given to low income groups is called …………………….
(1) Cash credit
(2) Micro credit
(3) Simple overdraft
(4) No frills loans
(5) Rural credit

5. When a banker talks about CDR, what is he talking about?
(1) CORPORATE Debt Restructuring
(2) Corporate Debt Rollover
(3) Company Debt Rollover
(4) Corporate Deposit Restructuring
(5) Company Deposit Restructuring



6. Expand the term ALM as used in Banking / Finance sector/
(1) Asset Liability Management
(2) Asset Liability Maturity
(3) Asset Liability Mismatch
(4) Asset Liability Manpower
(5) Asset Liability Maintenance

7. Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are closely related to which of the following industries / markets?
(1) Capital Market
(2) Banking industry
(3) Commodities market
(4) Money Market
(5) Mutual fund industry

Banking Knowledge - Banking Awareness Question
Banking Knowledge - Banking Awareness Questions
Banking Knowledge - Banking Awareness Questions Answers

8. What is the maximum period for which term deposits are normally accepted by banks in our country?
(1) 3 years
(2) 5 years
(3) 7 years
(4) 10 years
(5) 12 years

9. If you wish to purchase some U.S Dollars for your travel abroad, you should approach --------------
(1) The ministry of Finance
(2) The U.S Embassy
(3) Any Bank Branches authorized to do such activity
(4) The Reserve Bank of India
(5) External Affairs Ministry

10. What does the letter ‘L’ stands for in the term LAF commonly used in financial / economic news?
(1) Liquidity
(2) Least
(3) Liabilities
(4) Long
(5) Liquid

11. The Banking Ombudsman -------------------------
(1) is in charge of bank loans for buses
(2) fixes the rates of interest for loans
(3) resolves complaints of customers
(4) issues licenses for new bank branches
(5) is the head of all nationalized banks

12. Which of the following is not classified as a commercial bank?
(1) Public Sector Bank
(2) Foreign bank
(3) Private sector bank
(4) Regional rural bank
(5) Urban cooperative bank

13. Which of the following is not the name of a Banking Organisation?
(1) HDFC
(2) IDBI
(3) YES
(4) SEBI
(5) ICICI

14. Money laundering means -----------------
(1) Hiding of income source mainly to avoid Income Tax
(2) Money acquired through criminal source
(3) Money acquired from undisclosed sources and deposited in foreign bank
(4) Process of conversation of money obtained illegally to appear to have originated form legitimate source
(5) Money acquired from drug trafficking

15. Monetary Policy as an arm of the economic policy is administered by -----------------------
(1) Government of India
(2) Reserve Bank of India
(3) State Bank of India
(4) Government of the respective state
(5) None of these

16. Which of the following is not a primary function of a bank?
(1) Granting loans
(2) Collecting cheques / drafts of customer
(3) Facilitating import of goods
(4) Issuing Bank Drafts
(5) Selling Gold / Silver Coins

17. Which of the following represents the correct meaning of ‘REPO RATE’?
(1) Rate on which RBI sells Government Securities to Banks
(2) Rate of borrowing rupees by banks form RBI
(3) Rate offered by banks to their prime customer
(4) Rate applicable for grant of priority sector loans
(5) None of these

18. Reserve which can act as a liquidity buffer for commercial banks during crisis times are
(1) CAR
(2) CRR
(3) CAR and CRR
(4) CRR and SLR
(5) SLR

19. Savings bank accounts are opened by ---------------
(1) Trading entities, manufacturing entities and individuals for savings purpose
(2) Traders and manufacturers for business purpose
(3) Individuals for savings purpose
(4) Limited companies and partnerships for saving purpose
(5) Cooperative banks for savings

20. Union Budget is always presented in the month of --------------------
(1) January
(2) March
(3) April
(4) December
(5) February

21. A customer drawing a cheque on a bank has a right to ---------------------
(1) Take back the cheque for the bank after it is paid
(2) Take back the cheque for the bank after it is paid with the permission of RBI
(3) Stop payment of the cheque before it is paid
(4) Stop payment of the cheque after it is paid
(5) Stop payment of the cheque before it is issued


Questions Answers
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