Banking & Financial Awareness - Part 7

Daily Banking & Financial Awareness - Part 7

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.Which of the following act is/was introduced for the purpose of sustainable growth?
A. Narcotics and Psychotropic Substance Act
B. Foreign Exchange Management Act
C. Banking Regulation Act
D. Prevention of Money Laundering Act
E. None of these

Q2.EFT stands for ?
A. Effective Fund Transfer
B. Efficient Funds Transfer
C. Easy Fund Transfer
D. Electronic Fund Transfer
E. None of these

Q3.Which of the following would result in the fall in asset prices ?
A. High liquidity in the economy
B. Low liquidity in the economy
C. RBI allow more banks to pay
D. RBI Increases bank rate
E. None of these

Q4.Paper currencies of our country are issued by RBI under ?
A. Section 22 of the RBI Act - 1934
B. Section 24 of the RBI Act - 1934
C. Section 32 of the RBI Act - 1934
D. Section 26 of the RBI Act - 1934
E. None of these

Q5.Which of the following bank merged with PNB in 1993 ?
A. New Bank of India
B. Central Bank of India
C. Imperial Bank of India
D. Oriental Bank of Commerce
E. None of these

Q6. Bank report the information about the credit availed by their clients to credit reference agencies on a ?
A. Dally basis
B. Monthly basis
C. Yearly or annually basis
D. 6 month basis
E. None of these

Q7. Participatory notes (PNs) are associated with which of the following?
A. Fll
B. Consolidated Fund of India
C. Foreign Direct Investor
D. United National Development Programme
E. None of these

Q8.Which of the following types of institutions operate in call money market only as lenders ?
A. Primary dealers
B. State Bank of India
C. Commercial Banks
D. Insurance companies
E. None of these

Q9. Interest on the government securities on fixed basis is known as ?
A. Token
B. Coupan
C. Rate
D. Ticket
E. None of these

Q10. SSlS stands for?
A. Small Scale industries
B. Small Social Industrial
C. Social Scheme for Industries
D. Systematic Scheme for Industrial
E. None of these

Q11.Deposit in Public Provident Fund accounts can be made how many times in a year ?
A. 3 times
B. 6 times
C. 9 times
D. 12 times
E. None of these

Q12. The term "Moral suasion" refers to?
A. The moral duty of a borrower to deal with only one bank
B. The advice given by RBI to banks/financial institutions in the matter of their lending and other operations
C. It is a banker duty to maintain accounts properly
D. All of the above
E. None of the above

Q13.The rate of interest bank charge to its maintained major and prime customers is popularly knwon as ?
A. Risk premium
B. Prime lending rate
C. Repo rate
D. Reserve repo rate
E. MSF

Q14.Which of the following bank was not nationalized in 1969 ?
A. State Bank of India
B. Allahabad Bank
C. Bank of India
D. United Bank of India
E. Punjab National Bank

Q15. Which of the following is the highest civilian award in India?
A. Padma Vibhushan
B. Padma Bhushan
C. Padma Shri
D. Bharat Ratna
E. Dronacharya Award