Apr 16, 2016

Financial Awareness Questions Bank Exams IBPS RBI

Financial Awareness Questions Bank Exams IBPS RBI

Financial Awareness Questions Answers


1. A bank branch receives a counterfeit note of Rs 100/ - from the customer, which customer wants it back. Which of the following action should be taken by the Bank ?
(1) Will return to customer
(2) Will impound and not return
(3) Will ask for exchange of note
(4) Will replace with genuine note
(5) Will check all the notes in possession with the customer which are not being deposited also

2. Which of the following is not a mode of foreign capital inflow in India ?
(1) FDI
(2) NRI deposits
(3) FII
(4) No frills accounts
(5) None of these

3. Exporters and importers in India are required to know ‘FEMA‘ rules. What does the letter ‘M’ denote in the term ‘FEMA’ ?
(1) Money
(2) Material
(3) Mega
(4) Management
(5) Micro

4. In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?
(1) Commercial Banks
(2) Cooperative Banks
(3) Private sector Banks
(4) Microfinance Institutions
(5) Regional Rural Banks

5. Which of the following banks was not nationalized in 1969?
(1) Punjab National Bank
(2) Bank of India
(3) State Bank of India
(4) Bank of Baroda
(5) Bank of Maharastra


More Question on Banking and Financial Awareness


6. Bad debts mean which of the following?
(1) Amounts owed to a company that are going to be paid within a month
(2) Amounts owed to a company that are not going to be paid
(3) Amounts owed to a company that are going to be paid within 1 year
(4) Amounts owed to a company that are not going to be paid within 3 years
(5) Amounts owed to a company that are going to be paid within 6 months

7. Which of the following is NOT a bank or finance company?
(1) ABN Amro
(2) HSBC
(3) Lufthansa
(4) BNP Paribas
(5) Barclays

8. What is the maximum permissible limit for investment in PPF account in a financial year?
(1) 11 lakh
(2) 1 70,000
(3) 50,000
(4) 60,000
(5) There is no limit

9. In our country, a cheque remains valid for payment for from the date of issue.
(1) 3 months
(2) 6 months
(3) 9 months
(4) 12 month
(5) 18 months

10. Credit Cards are known as —
(1) Hard money
(2) Easy money
(3) Soft money
(4) Plastic money
(5) Real money

11. On domestic term deposits, banks in our country generally offer additional rate of interest on term deposits from ---------------------
(1) Minors
(2) Married women
(3) Govt. employees
(4) Rural residents
(5) Senior citizens

12. Which of the following instruments cannot be transferred from one person to another by Endorsement?
(1) Fixed Deposit Receipt
(2) Cheque
(3) Bill of Exchange
(4) Promissory Note
(5) None of these

13. 'Crossing' applies to which of the following instruments?
(1) Cheques
(2) Bills
(3) Promissory Notes
(4) Hundies
(5) Fixed Deposit receipts

14. Which of the following is a Development Bank?
(1) HDFC Bank
(2) National Housing Bank
(3) Central Bank of India
(4) Saraswat Co. Op. Bank
(5) HSBC Bank

15. Which of the following assets can be mortgaged?
(1) Stock
(2) Book Debts
(3) National Savings Certificates
(4) Shares
(5) Land and Building

16. Preshipment packing credit advances are generally given by banks to -----------------------
(1) Farmers
(2) Retail Traders
(3) Professionals
(4) Exporters
(5) Transport Operators

17. Among the banks in our country, which of the following is not a foreign bank?
(1) HSBC
(2) Standard Chartered Bank
(3) BNP Paribas
(4) Citi Bank NA
(5) Ing Vysya Bank

18. Which of the following is a foreign bank having offices/ branches in India?
(1) Yes Bank
(2) HDFC Bank
(3) IDBI Bank
(4) Karnataka Bank
(5) Standard Chartered Bank

19. What are teaser loans?
(1) Fixed Rate of Interest charged by Banks
(2) Floating rate of interest charged by banks
(3) Rate of interest in the initial period is very less and increases steeply in later years
(4) Rate of interest in the later years goes down substantially
(5) None of these

20. Which one of the following aptly describes the business of insurance?
(1) Insurance is about collective bearing risk
(2) Insurance pays to one person from another person
(3) Insurance is about disaster management
(4) Insurance is about paying for others mistakes
(5) None of these

Questions Answers
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15 5
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