Banking Awareness Objective MCQ for IBPS,SBI,RBI,BankPo’s,Bank Exams,Civils PrelimsLIC,GIC Exams
Which was adjudged as the ‘best bank’ for use of technology for Financial Inclusion in the edition of DRBT Banking technology excellence award for 2013-14 on 1 October 2014?
IDBI
KVB
Federal Bank
UBI
None of these
The combination bank and its punch line given. Locate the correct one.
Allahabad Bank-A tradition of trust
Andhra Bank- For All Your Needs
Bank of Baroda- India’s International Bank
Bank of Maharashtra- One family One Bank
All of the above
Consortium advances increasing now a day. Consortium means __
Many borrowers take loans from single bank
Self Help Groups loans giving to BPL families
Joint financing by more than one bank
RBI and Bank give loans to any single borrower
None of these
Nationalization or banks aimed at all of the following except
Provision of adequate credit for agriculture, SME & Exports
Removal of control by a few capitalists
Provision of credit to big industries only
Access of banking to masses
Encouragement of a new class of entrepreneurs
What is the maximum period for which domestic term deposits are normally accepted by the banks in our country?
3 Years
5 Years
7 Years
10 Years
12 Years
ACH is nationwide automated electronic system that monitors and ac ministers the process of check and fund clearance between banks. Expand ACH?
Automatic Check Clearance House
Automated Check House
Automated Clearing House
Automatic Clearance House
None of these
The USP of a current account is
High minimum balance
No restrictions on transaction
No interest payable
Restricted deposits
Any number of accounts
RTGS facility can be best canvassed among
Inter-state traders
Tailors
Carpenters
Politicians
Film stars
ELSS means
Entry Load Shares Scheme
Entry Load Starting Shares
Equity Linked Savings Scheme
Equity Linked Shares Sold
Employee Level Salary Scheme
Self Help Groups bank linkage programme was first launched by __
RRBs
NABARD
SBI
RBI
None of these
As part of the financial inclusion the following acts as an alternative to the branch banking
Online banking
Mobile banking
Issuing of ATM cards
Kiosks
None of these
The know your customer (KYC) norms of opening a bank account has been relaxed fir the accounts with minimum balance of__
Rs. 1, 00,000/-
Rs. 25,000/-
Rs. 50,000/ –
Rs. 75,000/ –
) None of these
The bank for international settlements (BIS) which provides the banking supervision accords is located in which country?
England
USA
France
Switzerland
None of these
New ATM installed by RBI with Braille keypad called?
Listening ATM
Speaking ATM
Talking ATM
Advise ATM
Direction ATM
Overdraft is normally allowed in ‘ of the following deposit accounts?
Recurring deposit
Fixed deposit
Saving deposit
Current deposit
None of the above
The internet banking providing banking services making the customers life easier. Which of the following recognized internationally in the internet banking?
Operational risk
credit risk
Liquidity risk
Foreign exchange
All of the above
Operational risk in the internet b means __
Inaccurate processing of transactions
Non privacy and confidentiality
Attacks or unauthorized ace banks systems and databases
Weak technology adoption
All of above are part of Operational risk
When counter-party fails to se obligation when due or any time forth for its full value and the worthiness of the customer may properly evaluated is termed a: internet banking.
Operational risk
Liquidity risk
Credit risk
Security
Reputation risk
In the Internet Banking, the bank may be face liquidity crunch in short-term time horizon, once the outflow of fund may ,i increase suddenly, it is called _
Foreign exchange risk
Credit risk
Operational risk
Liquidity risk
None of above
The Security risk is one of the very important issues in internet banking systems. The security risk in the internet banking is _
Hacking
Stealing of KYC data from online
The information use by other agencies to tap the account holder business
It is tough for the banks to bring the awareness among all customers to follow the security measures
All of above
If any bank offers the internet banking suffers from _ due to negative opinion if the network systems failed or discontinued for a considerable time.
Credit risk
Monetary risk
Compliance risk
Reputation risk
None of the above
Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
Certificate of Deposits
Bonds
Stock
Loans
Commercial Paper
Which of the following bodies tightened the norms for foreign exchange risk cover in India mentioning that only companies with a net worth of Rs.200 crore can use derivative to hedge against risk of volatility in currency rates?
IMF
RBI
SEBI
Union Ministry of Finance
None of these
Whenever RBI does some open market operation transactions actually it wishes to regulate which of the following?
Inflation only
Borrowing powers of the banks
Liquidity in economy
Flow of Foreign Direct Investment
None of these
Which of the following is NOT the part of the organized sector of India Money Market?
Mutual Funds
NBFC
Unit Trust of India
RBI
Chits
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