Banking Awareness Questions and Answers for IBPSPOs,IBPSClerks,SBI,IncomeTax,CSAT,RBI,TSPSC Exams
Technological Advancement in the recent times has given a new dimension to banks, mainly to which one of the following aspects?
New Age Financial Derivatives
Service Delivery Mechanism
Any Banking
Any type Banking
Multilevel Marketing
What happens when an economy is in recession?
GDP growth slows down
Unemployment rate rises
Bankruptcies rise
Both 1 & 2
All 1, 2 and 3
Which one of the following is a retail banking product?
Home loans
Working capital finance
Corporate term loans
Infrastructure financing
Export Credit
Which one of the following is NOT a ‘Money Market Instrument’?
Treasury Bills
Commercial Paper
Certificate of Deposit
Travelers Cheques
Credit Cards
The term ‘Smart Money’ refers to __
Foreign Currency
Internet Banking
US Dollars
Credit Cards
Travelers Cheques
A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as
CHAPS
SWIFT
NEFT
SFMS
CHIPS
A money deposited at a bank that cannot be withdrawn for a preset fixed period of time is known as __
Term Deposit
Checking Account
Savings Bank Account
No Frill Account
Current Deposit
Which of the following functions are NOT being performed by the Reserve Bank of India?
Regulation of Banks in India
Regulation of Foreign Direct Investment in India
Foreign Currency Management in India
Control and Supervision of Money Supply
Currency Management in India
When a customer opens a Deposit account with the Bank, which one of the following is the status of the Bank?
Debtor
Creditor
Trustee
Beneficiary
None of these
What is the maximum balance amount that is eligible for earning interest in a normal saving bank account?
Rs. 1 lakh
Rs. 2 lakh
Rs. 3 lakh
Rs. 5 lakh
No limit
Which of the following is NOT a Negotiable Instrument?
Cheque
Promissory Note
Bill of Exchange
Fixed Deposit Receipt
All of the above
With a view to facilitate payment of balance in deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced in bank accounts in our country.
Will
Registration
Nomination
Indemnity
Guarantee
” In relation to banking, what do understand by “”Ever-Greening of Account””?”
Full repayment of a loan ac before maturity Pre-payment
Full repayment of a loan ac exactly at maturity
Fresh Loan sanctioned during the tenure of account for enhancement limits
Adjusting the NPA/Sticky ac with fresh sanction of loans
Loans provided for new project new customers
Which of the following is NOT a type cheque?
Crossed cheque
Blank cheque
Speed cheque
Bearer cheque
Order cheque
Banks are considered as ‘fin intermediaries’. Which of the following activity correctly and comprehensively explains this role of banks?
Accepting deposits of money f
Granting loans to the weaker se of the society
Accepting money for remittance issuing bank drafts
Providing safe deposit services
Opening accounts and accepting deposits therein
When a Bank provides a loan for purchase of white goods, it is categorized as__
Consumption
White Goods Loan
Consumer Durable Loan
Bridge Loan
Working Capital
As per Financial Inclusion drive one of the following Banks introduced Tiny Cards with Biometric identification. Which of the following is that Bank?
Central Bank of India
Oriental Bank of Commerce
Indian Bank
State Bank of India
Canara Bank
What is offshore banking?
It is a bank located in the sea
It is a bank located in SEZ
It is a bank located in a neighboring country
It is a bank located outside the country of residence of the depositor
Basically dealing in foreign exchange
Like Telephone/Mobile number portability, the Ministry of Finance/RBI is now also considering to provide bank account number portability to bank customers. Which of the following would it mean?
Any customer/account holder can withdraw cash from any other Bank through his/her own cheques drawn on other bank even without ATM
Any borrower can draw funds from his/her loan account from any other bank also
The account number of any account holder will remain the same even if he/she is getting his/her account transferred to another bank also
Bank customers would have the facility of mobile Banks to withdraw cash nearby his/her place
None of these
The period for Call Money is
10 to 15 days
1 to 14 Days
15 to 30 Days
One Month
7 days
Who regulates the money circulation in India?
State Bank of India
Reserve Bank of India
NABARD
Commercial Banks
Finance Commission
Who will settle the customers of banks?
Reserve Bank of India
State Bank of India
Local Courts
Ombudsman
Indian Banks Association
Which of the following is a foreign bank having branches in India?
HGFC Bank
ICICI Bank
Yes Bank
Syndicate Bank
Standard Chartered Bank
Accounts are allowed to operate by Cheques in respect of __
Both Savings Accounts and Fixed Deposit Accounts
Both Savings and Current Accounts
Both Savings and Loan Accounts
Both Savings bank accounts and Cash Accounts only
Both Current Account and Fixed Deposit Accounts
The Aadhaar Enabled Payment Systems (AEPS) is a bank-led model that facilitates banking facilities by allowing transactions at Point of Sale through the business correspondent (BC) using the Aadhaar authentication number. Aadhaar enabled basic types of banking transactions do not include __
Only A
Only B
Only C
Only A and B
None of these
Loading …