Banking & Financial Awareness - Part 5

Daily Banking & Financial Awareness - Part 5

Note: As SBI PO/CLERK, IBPS PO/CLERK Prelims & Mains Exams is scheduled tentatively in the month of May to December. Before that we will start a series for daily practice. It will help you in your upcoming Banking Exams as per the latest pattern. In this section you will get daily 15 questions in the form of Multiple Choice Questions (MCQs).

Q1. Which of the following is not a part of the scheduled banking structure in India?
A. Money lenders
B. Public sector banks
C. Private sector banks
D. Regional rural banks
E. None of these


Q2.Which of the following is not a part of India's money market ?
A. Bill market
B. Call money market
C. Banks
D. Mutual funds
E. Indian gold council


Q3.Rupee notes are ?
A. Convertible paper money
B. Inconvertible paper money
C. Fiat paper money
D. Representative paper money
E. None of these


Q4.Which of the following instrument is not issued by bank ?
A. Demand draft
B. Pay order
C. Debit card
D. Credit card
E. National saving certificate


Q5. Which of the following is not the evil of credit?
A. It does not encourage speculation
B. There is a fear of over production
C. It encourages monopoly
D. It gives rise to inefficient business
E. All of the above


Q6.Which of the following describes the term 'legal tender' ?
A. Any object legally used as money in a country
B. Money which cannot be legally refused in discharge of debt
C. Bank notes where they are in legal circulations
D. Notes or coins other than counterfeited ores
E. None of these


Q7. French Auction is a term used in which of the following sectors of financial services?
A. Capital markets
B. Banks
C. Insurance
D. NBFC
E. None of the above


Q8.'Kimberley' process is related to ?
A. Gold
B. Silver
C. Diamond
D. Nuclear metals
E. None of these


Q9.Which of the following statement is true ?
A. Banks cannot accept demand and time deposit from public
B. Banks can accept only demand deposit from public
C. Banks can accept only time deposit from public
D. Banks can accept both demand and time deposit from public
E. Banks can accept demand and time deposit only from government


Q10. The tax on import and export is known as?
A. Income tax
B. Trade tax
C. Custom duty
D. Commercial tax
E. None of these


Q11.Whose signature does the one rupee note bear ?
A. Prime Minister of India
B. President of India
C. Finance Minister of India
D. Finance Secretary of India
E. None of these


Q12.Tight money and credit policy will cause bond prices to ?
A. Fall
B. Increase
C. No change
D. Withdrawn
E. None of these


Q13. A currency whose exchange rate tends to fall because of persistent balance of payment deficit is known as?
A. Soft currency
B. Hard currency
C. Sinking currency
D. Gold currency
E. None of these


Q14.The primary monetary policy technique employed by the Reserve Bank of India is ?
A. Reserve Requirements
B. Open market operations
C. Discount policy
D. Margin requirements
E. None of these


Q15. 'World Water Day' is observed on which of the following days?
A. March 22
B. February 22
C. January 22
D. May 22
E. April 22