BASE INSTITUTE NAMAKKAL | www.ibpsguide.com

Important Banking Awareness Questions for SBI PO/NIACL Exams Part-9 1). A ‘Non-negotiable’ crossing is a _____? a) General crossing b) Special crossing c) Restricted crossing d) Non-transferable crossing e) None of the above Answer: a) 2). What does N in NASSCOM stands for? a) National b) Non c) Net d) All of the above e) None of these Answer: a) 3). CRR is required to maintain in the form of _____? a) Approved Government Securities b) Cash with RBI c) Cash with bank d) All the above e) None of the above Answer: b) 4). Tagline of Bank of Baroda a) India’s best business bank b) The Thinking Behind the Money c) India’s International Bank d) Not Your Typical Bank e) None of these Answer: c) 5). Monetary Policy of RBI Does not include ______? a) Control the supply of Money b) Reduction of taxes c) Fixation of rate of interest (least in some categories) d) Fixation of Repo rate and Reverse Repo rate e) Fixation of Cash Answer: b) 6). What is R in FERA? a) Rural b) Restricted c) Refinance d) Regulation e) Regulatory Answer: d) 7). Which of the following private sector bank rebranded itself as “RBS”? a) Sumitomo Bank b) Bank of Scotland c) ABN Amro Bank d) ICICI Bank e) Bank of Rajasthan Answer: c) www.ibpsguide.in

8). In a prepaid card the maximum value to be stored is? a) 25000 b) 50000 c) 10000 d) 20000 e) None of these Answer: b) 9). _____is the largest stake holder in the National Securities Depository Limited? a) SBI b) Corporation Bank c) Syndicate Bank d) IDBI Bank e) ICICI Bank Answer: d) 10). The Head Office of National Housing Bank is in a) Kolkata b) Bangalore c) New Delhi d) Mumbai e) None of these Answer: c) 11). Which of the following is not an asset of a bank? a) Notes and Small coins b) Short Term Loans c) Staff Advances d) Overdue Recurring Deposits e) None of these Answer: d) 2). SEBI was established in the year a) 1994 b) 1990 c) 1992 d) 1982 e) None of these Answer: c) 13). State Bank of India's new floating rate of deposit is a directly linked to? a) Base Rate b) BPLR c) Bank Rate d) Inflation Rate e) CRR Answer: a) 14). When RBI sells government securities its meaning is? a) Liquidity in banking increases b) Liquidity gets diminished c) Liquidity remains unchanged d) None of these

http://mock.ibpsguide.in

www.sscexamguide.com

For More Study materials Click here to Download Our “BenchMark” Android App

BASE INSTITUTE NAMAKKAL | www.ibpsguide.com e) Both a) and b) 22). The Agency which regulates the Mutual funds in India? Answer: b) 15). The banking company has restriction to sanction a) PFRDA loan to b) RBI a) Staff working in the bank c) IDBI b) Directors of the bank d) SEBI c) Students going abroad e) None of these d) Professionals Answer: d) e) None of these 23). Which of the following is a public sector bank? a) Andhra Bank Answer: b) 16). Which of the following rates are decided by the b) Federal Bank RBI called as “Policy Rate”? c) ICICI Bank a) Cash reserve ratio d) HDFC b) Lending rate e) None of these c) Bank rate Answer: a) d) Deposit rate 24). Normally banks accept fixed Deposits for a e) None of these maximum period of: a) 5 years Answer: a) 17). Which of the following is a non-depository b) 7 years institution? c) 10 years a) Regional Rural Bank d) 20 years b) Mutual Funds e) None of these c) Credits Unions Answer: c) d) Commercial Banks 25). Yuan is the currency of which country? e) None of these a) Pakistan b) China Answer: b) 18). Which Bank in India opened India's first offshore c) Japan banking Unit ? d) France a) SBH e) None of these b) ICICI Answer: b) c) SBI 26). What is mortgage? d) Axis a) A security creates on immovable property for a e) Bank of Baroda deposit received by a bank b) A security creates on movable property for a Answer: c) 19). Issuing of credit cards is a component of deposit received by a bank a) Corporate Banking c) A security creates on movable property for a loan b) Micro Finance given by a bank c) Retail Banking d) A security creates on immovable property for a d) Rural Banking loan given by a bank e) None of these e) None of these Answer: c) Answer: d) 20). Indian Depository Receipt (IDR) is the? 27). Which of the following terms is used in the field a) Proof of an Indian company’s share of finance and Banking? b) Is an unsecured money market instrument a) Adjustable credit c) Proof of ownership of foreign company’s share b) Absolute Zero d) Proof of earnings or profits of Indian Companies c) Guage pressure e) All of these d) Single bond e) None of these Answer: c) 21). Which of the following sector makes maximum Answer: a) contribution to the National Income of India? 28). Which of the following is known as Plastic a) Agriculture money? b) Service a) Demand draft c) Industry b) Credit card d) Agriculture and Industry both jointy c) Debit card e) None of these d) Both B and C e) None of these Answer: b) www.ibpsguide.in

http://mock.ibpsguide.in

www.sscexamguide.com

For More Study materials Click here to Download Our “BenchMark” Android App

BASE INSTITUTE NAMAKKAL | www.ibpsguide.com a) Bank Ombudsman scheme was first introduced in Answer: d) 29). Mixed Economy means? 1995 but start in operations from 2006 a) Co-existence of public and private sectors b) Bank Ombudsman has the power to solve bank b) Co-existence of rich and poor Complaints c) Co-existence of small and large industries c) Bank Ombudsman acts as the one of representative d) Co-existence of Wholesale and retail markets of Reserve Bank of India in order to implement RBIs e) None of these rules and regulations d) All the Above Answer: a) 30). Which of the following set up core banking e) None of these infrastructure for rural banks? Answer: e) a) RBI 37). The Commission charged by a broker is _____? b) NABARD a) Brokerage Interest c) IDBI b) Brokerage Fee d) NHB c) Brokerage Profit e) SEBI d) Brokerage rate e) None of these Answer: b) 31). Which bank launched Mobi cash easy scheme? Answer: b) a) SBP 38). _____ is a short term and unsecured promissory b) SBH notes issued by corporations with very high credit c) SBI standingd? d) Axis a) Demand draft e) ICICI b) Credit card c) Debit card Answer: c) 32). Coins in india are minted at d) Commercial Paper a) Hyderabad e) None of these b) Kolkata Answer: d) c) Noida 39). Slogan of Corporation Bank? d) All the above a) Working for a better tomorrow e) None of these b) Prosperity for all c) Trusted family Bank Answer: d) 33). All the financial issues of agriculture are dealt by d) None of these which Bank? Answer: b) a) Andhra Bank 40). “Blending Modernity with Tradition” is the slogan b) SBI of ____? c) RBI a) State Bank of Patiala d) NABARD b) SBI e) None of these c) SBH d) SBM Answer: d) 34). If you buy a financial instrument in one market in e) SEBI order to sell the same instrument in another market at Answer: a) higher price, it will be called as 41). Multilated Notes are? a) Brokerage a) Notes which are in pieces and/or of which the b) Arbitrage essential portions are missing c) Forfeiture of Instrument b) Any bank note, which is wholly or partially, d) investment obliterated, shrunk e) None of these c) Notes which are washed, altered or Indecipherable d) Notes which are wholly or partially, obliterated, Answer: b) 35). AER stands for ___? shrunk, washed, altered or indecipherable a) Average Earnings rate e) None of these b) Annual Earning Rate Answer: a) c) Appropriate Earning Rate 42). Minimum limit for sending money to Nepal d) Approximate Earning Rate through NEFT (National Electronic fund Transfer) in a e) None of these single day? a) 10000 Answer: b) 36). Which among the following is incorrect about b) 50000 Bank Ombudsman ? c) 25000 www.ibpsguide.in

http://mock.ibpsguide.in

www.sscexamguide.com

For More Study materials Click here to Download Our “BenchMark” Android App

BASE INSTITUTE NAMAKKAL | www.ibpsguide.com d) 100000 d) Consumer Price interface e) 200000 e) None of these Answer: b) Answer: b) 43). Notice Money is a money lend for a period of ? 50). Imperial Bank of India" is the former name of a) Between 2 and 14 days which of the following bank:" b) Exceeding 14 days a) SBI c) 1 day b) IndusInd Bank d) 2 days c) RBI e) 4 days d) ICICI e) None of these Answer: a) 44). Which is incorrect about NBFC (Non-Banking Answer: a) Financial Company) ? 51). Which of the following fall under the qualitative a) The deposits with NBFCs are not insured method of credit control adopted by RBI? b) deposit insurance facility of Deposit Insurance and a) Selective credit control Credit Guarantee Corporati n is not available to b) Moral suasion depositors of NBFCs, unlike in case of banks c) Credit authorization scheme c) NBFCs do not form part of the payment and d) All of the above settlement system and cannot issue cheques drawn on e) None of the above itself Answer: d) d) NBFCs cannot offer interest rates higher than the 52). Which of the following is an account at a bank or ceiling rate prescribed by RBI from time to time. The credit union that earns interest over a specified amount present ceiling is 12.5 per cent per annum of time? e) None of these a) Interest Bearing Account b) Regular Checking Account Answer: a) 45). INDIAs Central Bank" is slogan of:" c) De-materialized Account a) Reserve Bank of India d) Savings Bank Account b) State Bank of India e) None of these c) IDBI Answer: a) d) SEBI 53). Bank rate means e) None of these a) The rate of interest charged by the bank on advances Answer: a) 46). Upper Limit on Kisan Vikas Patra is: b) The rate of interest paid by banks on the deposits a) 1000000 c) The standard rate at which the RBI is prepared to b) 500000 buy or to rediscount eligible bills of exchange or other c) No upper limit commercial papers of commercial banks d) 200000 d) None of the above e) None of these e) All of the above Answer: c) Answer: c) 47). Mutual Fund Market regulated by: 54). _______ term refers an account that cannot be a) Reserve Bank of India converted and repatriated into foreign currency. b) Securities and Exchange Board of India a) Non-Resident Ordinary Rupee or NRO Account c) Unit Trust of India b) Non-Resident Rupee or NRE Account d) IRDA c) FCNR Account e) None of these d) Retail Account e) None of these Answer: b) 48). FCCB stands for: Answer: a) a) Foreign Currency Convertible Bond 55). What does the term Open Market Operations refer b) Finance and Currency Controller Board to? c) Foreign Collection for Cash Board a) Selling of equities in the open market d) Foreign Currency Convertible Board b) Selling of commodities in the open market e) None of these c) Buying and selling of government securities in the open market Answer: a) 49). CPI refers to: d) Buying and selling of products in the wholesale a) Cost Price Index market b) Consumer Price Index e) None of these c) Current Price Index Answer: c) www.ibpsguide.in

http://mock.ibpsguide.in

www.sscexamguide.com

For More Study materials Click here to Download Our “BenchMark” Android App

BASE INSTITUTE NAMAKKAL | www.ibpsguide.com 56). _________ account is opened by the investor 63). Who issues treasury bills? while registering with an investment broker. a) Reserve Bank of India, as the agent of the Central a) Fixed Deposit Account Government b) Savings Bank Account b) Any Govt. deptt. of State and Central c) Recurring Account c) Any Commercial Bank d) De-materialized Account d) All of the above e) None of these e) None of the above Answer: d) Answer: a) 57). ______is the percentage of total deposits of a 64). __________ short term instrument, have the bank which it has to keep with itself in the form of generic character of T-bills but are issued for liquid assets. maturities less than 91 days. a) Statutory Liquidity Ratio (SLR) a) Dated Government Securities b) Cash Reserve Ratio (CRR) b) State Development Loans(SDL) c) Statutory Reserve Ratio c) Cash Management Bills(CMBs) d) Cash Ratio d) All of the Above e) None of these e) None of these Answer: a) Answer: c) 58). __________ is a deposit of money that has a fixed 65). Certificate of deposit can be subscribed by time and pays higher interest than a SB Account. a) individuals a) Fixed Deposit Account b) corporate companies b) Savings Bank Account c) Trusts, funds, association e.t.c c) Recurring Account d) ( a) and (b) d) Current Account e) all of (a) to (c) e) None of these Answer: e) 66). __________ refers borrowers ability to meet Answer: a) 59). Cash reserve ratio is maintained in the form of immediate liabilities. a) Government securities a) Current Ratio b) (b)Balance with RBI b) Gearing Ratio c) Balance with state bank of India c) Acid-Test Ratio d) All of the above d) All of the above e) None of the above e) None of the Above Answer: b) Answer: c) 60). Which of the following is a transactional deposit 67). A government security is generally issued in the account held at a financial institution that allows for form of withdrawals and deposits? a) Stock certificates a) Deposit Accounts b) Bearer bonds b) Checking Accounts c) Promissory notes c) Capital Market Accounts d) all d) Business Accounts e) none e) None of these Answer: d) 68). An Asset Reconstruction Company(ARC) in India Answer: b) 61). Which of the following is not included in govt. is associated with __________ securities? a) UCPDC a) Promissory notes b) DICGC b) Debentures c) NPA c) Bearer bonds d) All of the above d) all e) None of the Above e) none Answer: c) 69). Who are the major players in the call money Answer: b) 62). Money Market is regulated by? markets? a) RBI a) Banks b) SEBI b) Insurance companies c) IRDAI c) Development Financial Institutions d) None of the Above d) Selected Mutual Funds e) Both (a) and (c) e) All of the above Answer: a) Answer: e) www.ibpsguide.in

http://mock.ibpsguide.in

www.sscexamguide.com

For More Study materials Click here to Download Our “BenchMark” Android App

BASE INSTITUTE NAMAKKAL | www.ibpsguide.com 70). ___________ is a voluntary market body for the a) Arundhati Bhattacharya bond, money and derivatives markets. b) Chanda Kochhar a) RBI c) Indira Nuyi b) SEBI d) Arun Jaitley c) IRDAI e) None of These d) FIMMDA Answer: b) e) None of the above 78). The term “hyper-employment” means? a) a situation where machines are used to intensify Answer: d) 71). ICICI stands for: utilisation of labour a) Indian Credit and Investment Corporation of India b) a situation where plant is used without any rest b) Investment Corporation In Credit c) a situation where the demand for labour far c) Industrial Credit Investment Corporation of India exceeds its supply d) All of the above d) a situation where machines are substituted for e) None of These labour e) None of these Answer: a) 72). The process of the total valuation of the financial Answer: c) capital assets of a country is technically known as? 79). Infrastructure Finance Company(IFC) has a a) Market Capitalization minimum Net Owned Funds of _______ b) Gross Domestic Product a) 100 Crore c) Net wealth of the country b) 150 Crore d) Gross Domestic Resources c) 250 Crore e) None of these d) 300 Crore e) 350 Crore Answer: a) 73). CICs are permitted to invest Liquid Fund Schemes Answer: d) (Mutual Funds) with maturity of less than ____ days. 80). ICICI bank launched internet banking operations a) 51 in b) 71 a) 1998 c) 61 b) 1999 d) 91 c) 2000 e) 81 d) 2002 e) None of These Answer: d) 74). ICICI was formed in ______: Answer: a) a) 1955 81). When was the Imperial Bank of India b) 1956 nationalised? c) 1957 a) 1948 d) 1989 b) 1950 e) None of These c) 1955 d) 1969 Answer: a) 75). Which of the following is NOT the part of the e) 1957 organized sector in Indian Money Market? Answer: c) a) Mutual Funds b) Non-Banking Financial Companies 82). 'BCSBI' Stands for : c) Unit Trust of India a) Banking Codes and Standards Boards of India d) Chit funds b) Board Code for Standards in Branches e) None of these c) Board Code for Standard in Banking d) None of the above Answer: d) 76). Systematically Important Core Investment e) Both a) and b) Company(CIC-ND-SI)/ CICs can not accept Answer: a) ________. 83). How many types of PSLCs can be issued by the a) Public Fund Banks? b) Deposit a) Four c) Public Deposit b) Five d) Both (B) and (C) c) Six e) None of these d) Eight e) Three Answer: c) 77). CEO of ICICI bank is: Answer: a) www.ibpsguide.in

http://mock.ibpsguide.in

www.sscexamguide.com

For More Study materials Click here to Download Our “BenchMark” Android App

BASE INSTITUTE NAMAKKAL | www.ibpsguide.com 84). Kisan Credit Card can be used for financing? a) the use of reserves for the acquisition of additional a) Production needs capital b) Consumption needs b) the use of reserves for paying-off loans raised for c) Both (a) and (b) building up fixed assets d) None of the above c) the use of reserves for issuing bonus shares to the e) cannot be determined existing shareholders d) the use of reserves for the replacement of Answer: c) 85). Asset Reconstruction Company is associated with depreciated assets : e) None of these a) DICGC Answer: c) b) ECGE 92). ________ means the period for which the c) NPA securities cannot be delivered. d) SEB a) Fixed Time Period e) None of these b) Shut Period c) Grace Period Answer: c) 86). How many sub-categories are classified under d) Payback Period Agriculture sector? e) None of these a) Four Answer: b) b) Five 93). Non Banking assets include: c) Six a) Property seized by the bank d) Three b) Auction sale of the customer's property e) two c) Band Building d) Both A and B Answer: d) 87). The largest number of commercial banks’offices e) None of these are located in? Answer: d) a) Karnataka 94). “Multi-currency basket” means? b) Maharashtra a) a number of international currencies to which the c) Tamil Nadu value of SDRs is linked d) Uttar Pradesh b) selected international currencies to which the e) None of these value of Asian Monetary Unit is linked c) number of major international currencies to which Answer: d) 88). Closed Economy is one in which : the external value of the Indian rupee is linked a) only export takes place d) the name given to a group of West European b) money supply is fully controlled currencies. c) deficit financing takes place e) None of these d) neither export nor import takes place Answer: c) e) None of these 95). Which is India’s first and largest Asset Reconstruction Company? Answer: d) 89). What is the loan limit for education in the country a) ARCIL under priority sector? b) PARAS a) 15 lakh c) Relaince ARC b) 10 lakh d) Both a) and b) c) 8 lakh e) None of the Above d) 20 lakh Answer: a) e) None of these 96). The tertiary sector of economy is called as: a) Manufacturing Industry Answer: b) 90). The definition of the priority sector was first b) Service Industry formalized in 1972 by? c) Agro and Fishing Industry a) Planning Commission d) All of the above b) National Development Council e) None of these c) Reserve Bank of India Answer: b) d) Ministry of Finance, Government of India 97). The term “hyper-employment” means? e) None of these a) a situation where machines are used to intensify utilisation of labour Answer: c) 91). The term “capitalisation of reserves” is used to b) a situation where plant is used without any rest denote? www.ibpsguide.in

http://mock.ibpsguide.in

www.sscexamguide.com

For More Study materials Click here to Download Our “BenchMark” Android App

BASE INSTITUTE NAMAKKAL | www.ibpsguide.com c) a situation where the demand for labour far 99). FDR is: exceeds its supply a) Fix Date Rate d) a situation where machines are substituted for b) Fixed Deposit Receipt labour c) Full Date Rate e) None of these d) All of the above e) None of these Answer: c) 98). In Notice Money Market, the tenor of the Answer: b) transactions is from ________ 100). What is the full form of ECB? a) 2-7 days a) Extra Commercial Banking b) 2-14 days b) Extra Commercial Borrowings c) 2-21 days c) External Commercial Borrowings d) 2-28 days d) All of the above e) None of these e) None of these Answer: b)

For More Free Mock Test: Visit- mock.ibpsguide.in For More Study Materials eBook: Visit- www.ibpsguide.in

www.ibpsguide.in

http://mock.ibpsguide.in

www.sscexamguide.com

For More Study materials Click here to Download Our “BenchMark” Android App