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SPEEDY Railway Book (English)

Banking & Financial Awareness - Part 6

Daily Banking & Financial Awareness - Part 6

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. 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.RBI set up coitteee on comuterization in banks under the chairmanship of ?
A. C. Rangrajan
B. Usha Thorat
C. Bimal Jalan
D. Raghuram Rajan
E. None of these

Q2.Who gives guideline for 'know your Customer' norms ?
E. None of these

Q3.Issuing credit cards is a component of ?
A. Micro Finance
B. Corporate Banking
C. Retail Banking
D. Rural Banking
E. None of these

Q4.A loan bearing low rate of interest is known as ?
A. Hard loan
B. High loan
C. Close loan
D. Soft loan
E. None of these

Q5.Devaluation means ?
A. To reduce the value of home currency
B. To increase the value of home currency
C. To issue new currency in place of old
D. To lower the price of goods for export
E. None of these

Q6.The meaning of 'D' amid the term 'MPLADS', which has been under discussions, recently ?
A. Damaging
B. Decorating
C. Development
D. Dealing
E. Delimitation

Q7.What is the full form of FSDC ?
A. Financial Security and Development Council
B. Financial Stability and Development Council
C. Fiscal Security and Development Council
D. Fiscal Stability and Development Council
E. None of these

Q8. What is the full form of FRBM?
A. Fiscal Responsibility and Budget Management
B. Fiscal Resource and Business Management
C. Financial Responsibility and Business Market
D. Fiscal Responsibility and Business Management
E. None of these

Q9.What is the full form ECB in banking operation ?
A. External Commerce Board
B. External Commercial Boarrowing
C. European Central Bank
D. European Commercial Bank
E. None of these

Q10.What is "CASA" ?
A. Cost Account and Savings Account
B. Current Account and Saving Account
C. Commercial Account and Savings Account
D. Both (1) and (2)
E. None of these

Q11.Which is the third largest public sector bank of India ?
A. Punjab National Bank (PNB)
B. Bank of Baroda
C. State Bank of India
D. Allahabad Bank
E. None of these

Q12.What does ASBA stand for ?
A. Application Support by Blocking Amount
B. Application Specific for Banking Accounts
C. Saving Accounts Banking Application
D. Application Supported by Blocked Amount
E. None of these

Q13. What is the percentage of Foreign Direct Investment (FDI) in private sector bank?
A. 51%
B. 74%
C. 49%
D. 50%
E. None of these

Q14.Which of the following economic concept is categorized on the basis of current accont or capital account or both ?
A. Balance of Payment
B. Value of the Food grain Stock of Country
C. Gross National Product
D. Gross National Income
E. None of these

Q15. ?

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