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SPEEDY Railway Book (English)

Banking & Financial Awareness - Part 1

Daily Banking & Financial Awareness - Part 1

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 of Questions for daily practice. In this section you will get daily 15 questions in the form of Multiple Choice Questions (MCQs).

Q1. Foreign exchange reserve of India are maintained with?
A. World Bank
B. Asian Development Bank

Q2. Where is CRISIL located in India?
A. Mumbai
B. Delhi
C. Lucknow
D. Assam

Q3. The Asian Development Bank (ADB) is a regional development bank established to facilitate economic development of countries in Asia, when was it established?
A. 3rd January, 1960
B. 22nd August, 1966
C. 23rd August, 1950
D. 13th January, 1966

Q4.The shipping guarantee is a ?
A. Type of a letter of credit
B. Guarantee issued by the ship captain to the purchaser
C. Guarantee issued to the borrower towards the loan granted by the shipping company
D. Deferred payment guarantee issued by a banker at the request of the consignee when the documents are not received and goods are received, for facilitating the delivery of goods

Q5.'ASBA' is a term used in which of the following sectors ?
A. Aviation
B. Real estate
C. Insurance
D. Capital markets

Q6.A recession is when output falls for ?
A. Two consecutive quarters
B. Three consecutive quarters
C. Five consecutive quarters
D. Six consecutive quarters

Q7.What was the year of establishment of the first Indian commercial bank which was wholly owned and managed by Indians? What was the name of that bank ?
A. 1910, Imperial Bank of India
B. 1911, Central Bank of India
C. 1919, State Bank of India
D. 1971, Hindustan Bank

Q8. When was National Credit Council established?
A. 1967
B. 1965
C. 1956
D. 1957

Q9.What is trade bill ?
A. Trade bill is an instrument, which enables the drawee of the bill to get funds for short period to meet the working capital needs
B. Trade bill is an instrument, which enables the drawer of the bill to get funds for short period to meet the working capital needs
C. Trade bill is an instrument of exchange which RBI issues for selling its securities
D. Trade bill is a bill which the government sells in the open market to increase its reserves

Q10. Why the Instrument of money market are liquid and can be converted to cash easily?
A. These are regulated by RBI
B. Due to Short maturity
C. Due to long maturity
D. Both 1 and 3

Q11.The customer may deposit any amount in the savings bank account subject to a minimum of ?
A. Rs 15
B. Rs 10
C. Rs 5
D. Rs 50

Q12.The most active segment segment of the money market in india is which one of the following ?
A. Cell money/Notice money market
B. Repo/Reverse repo
C. Commercial paper
D. Certificate of deposit

Q13."Doha Development Round" is related with which of the following organization ?
A. World Bank
B. World Trade Organization
C. International Monetary Fund
D. Asian Development Bank

Q14.The tagline "Where Every Individual is Committed" is associated with which of the following banks ?
A. Punjab National Bank
B. Oriental Bank of Commerce
C. Indian Overseas Bank
D. Syndicate Bank

Q15.The tax on import and export is known as ?
A. Income tax
B. Trade tax
C. Custom duty
D. Commercial tax

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