Banking & Financial Awareness - Part 9

Daily Banking & Financial Awareness - Part 9

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 is the Regulator and Supervisor of the payment and settiement systems in India ?
A. SBI
B. RBI
C. SEBI
D. Finance Ministry
E. None of these

Q2.Repo and Reverse Repo rate comes under the ?
A. Marginal Standing Facility (MSF)
B. Refinance Facilities
C. Statutory Liquidity Ratio (SLR)
D. Liquidity Adjustment Facility (LAF)
E. None of these

Q3. Sub-prime lending refers to?
A. The customers who are most valued for the banks
B. The people with less than standard credit status
C. The customers who visit bank for the first time
D. The people who live sub-standard life
E. None of these

Q4.Which of the following work is not included in Central bank's functions ?
A. Deal in foreign exchange market
B. Control or regulate monetary policy
C. Control on Government securities
D. Control on Liquidity market
E. None of these

Q5.How many directors are associated with RBI ?
A. 15
B. 20
C. 10
D. 4
E. None of these

Q6.As we all know that banks in India are required to maintain a portion of their demand and time tiabilities with the Reserve Bank of India. This portion is called ?
A. SLR
B. Bank Deposit
C. Reverse Repo
D. CRR
E. None of these

Q7. Which of the following is treated as arrificial currency?
A. ADR
B. GDR
C. SDR
D. Equity shares
E. Both ADR and SDR

Q8.Wimbledom Trophy is associated with which game ?
A. Chess
B. Badminton
C. Football
D. Hockey
E. Lawn tennis

Q9.Many private companies are trying to obtain the licenses to start their banking company in India. Which of the following organizations/agencies issues the license for the same ?
A. SEBI
B. TIBF
C. RBI
D. Registrar of companies
E. IBA

Q10. At present for the ATMs in India, the most commonly used network communication mode is?
A. Very Small Aperture Terminal (VSAT)
B. General Packet Ratio Service (GPRS)
C. Code Division Multiple Access (CDMA)
D. Dial in Connection
E. None of these

Q11. The government has decided to amend to amend the banking companies act to give public sector banks, the rights of passage, what is a Right of Passage?
A. The banks can raise equity capital through right issue
B. The banks can seize the hypothecated goods
C. The banks can raise tier-I capital
D. The banks can issue innovation perpetual bands
E. None of these

Q12.Give full form of FSDC ?
A. Financial Stability and Development Council
B. Financial Security and Development Council
C. Financial Statistic and Development Council
D. Financial Stability and Descriptive Council
E. None of these

Q13.SCORES is a complaint redressal system launched by ?
A. CCI
B. RBI
C. TRAI
D. SEBI
E. SBI

Q14. Which of the following is not a banking related term?
A. Radiation
B. Outstanding amount
C. Benchmark prime lending rate
D. Explicit guarantee
E. Creditors

Q15.Stagflation implies a case of ?
A. Galloping inflation
B. Recession plus inflation
C. Adverse balance of trade
D. Rising wages and employment
E. None of there