Banking and Financial Awareness - Part 28

Daily Banking and Financial Awareness Quiz - Part 28

Effective For SBI PO - IBPS PO - Bank Exams - Insurance Exams

Dear Reader, 

As SBI PO/CLERK, IBPS PO/CLERK Prelims & Mains Exams is scheduled tentatively in the month of May to December. Start daily practice for your upcoming Banking Exams.  It will help you to boost your score. In this section you will get daily 15 questions in the form of Multiple Choice Questions (MCQs).

Q1. The Banking Ombudsman is a senior official tasked with redressing customer complaints against deficiency in certain banking services and is appointed by the ?
A. RBI
B. Ministry of Finance
C. IBA
D. High Court of each state
E. None of these



Q2.The international court of justice is the primary judicial organ of the ........... ?
A. World Bank
B. United Nations
C. IMF
D. SAARC
E. None of these


Q3.On domestic term deposits banks in our country generally offer an additional rate of interest on term deposit for ?
A. Minors
B. Married women
C. Government employers
D. Senior citizens
E. Rural residents


Q4.Which of the following is the least liquid assets ?
A. Fixed capital
B. Money
C. Shares
D. Special Deposits
E. None of these


Q5.Which instrument is being given the status of regulating the micro finance in India ?
A. SIDBI
B. IDBI
C. NABARD
D. SEBI
E. RBI


Q6.Which of the following terms is used in the field of banking and finance ?
A. Special drawing rights
B. Affirmative defence
C. Civil procedure
D. Information consent
E. Question of fact


Q7.WADA is related to ?
A. Banking
B. Government securities
C. Online trading
D. Dope testing
E. Stock exchang


Q8.The usual deposit accounts' of bank are ?
A. Saving Account
B. Current Account
C. Term deposit Account
D. All of these
E. None of these


Q9. Largest share holder in percentage share holding of a nationalized bank is ?
A. RBI
B. SBI
C. Private banks
D. Government of India
E. None of these


Q10.Bank of Baroda was nationalized in ?
A. 1959
B. 1980
C. 1961
D. 1969
E. None of these


Q11.What is the full form of FEMA ?
A. Foreign Exchange Materials Act
B. Finance Exchange Management Act
C. Foreign Export management Act
D. Foreign Exchange Management Act
E. None of these


Q12.An upward revision in bank rate by Central Bank is an indication that banks should also increase ?
A. Deposit rate
B. Base rate
C. Benchmark prime Lending rate
D. All 1,2 and 3
E. None of these


Q13.If the interest rates on your deposits either go up or down, then it indicates that ?
A. Rate of interest has been changed by the bank
B. Rate of interest has been decreased by the bank
C. Rate of interest has been changed by the Finance Minister
D. Revision in the bank rate has been done by the Central Bank
E. None of these


Q14.In India central cooperative banks are established at ?
A. State level
B. Central level
C. District level
D. Inter-state level
E. None of these


Q15.Which of the following inflation is also known as "Administered price inflation" ?
A. Sectoral Inflation
B. Demand pull Inflation
C. Princing power Inflation
D. Cost-push Inflation
E. None of these