Mission IBPS Exam : Banking Awareness Quiz

September 18, 2015    

Dear Readers,
With IBPS RRB Assistant approaching, you have to concentrate on these topics as well. So keep your pace such that you cover each and everything before you appear for the exam. And as per the inputs fed by our students, we would like to say that do cover the banking portions as well in order to get an edge in the final list.

1. Regional Rural Banks (RRBs) were established in 1975 under the provisions of the Ordinance promulgated on the 26th September 1975 and followed by Regional Rural Banks Act, 1976 with a view to develop the rural economy and to create a supplementary channel to the 'Cooperative Credit Structure' with a view to enlarge institutional credit for the rural and agriculture sector. Which committee recommended the establishment of the RRBs?
(1) Tarpore Committee
(2) Narasimham Committee
(3) Karmakar Committee
(4) Kelker Committee
(5) Jha Committee
2. The objectives of forming SHG is 
(i) to build mutual trust and confidence between the bankers and the rural poor people
(ii) to encourage banking activities, both on the thrift as well as credit sides, in a segment of the population that the formal financial institutions usually find difficult to cover.
(iii) to meet the needs of the poor by combining the flexibility, sensitivity and responsiveness of the informal credit system with the strength of technical and administrative capabilities and financial resources of the formal credit institutions.
(1) i only
(2) i and ii
(3) i and iii
(4) ii and iii
(5) i, ii and iii
3. Capital market is a market which deals in 
(1) short-term funds
(2) Long-term funds
(3) gilt-edge securities
(4) All of the above
(5) None of the above
4. Co-operative Banks in India are registered under
(i) Banking laws (Co-operative Societies) Act. 1956
(ii) Banking Regulations Act, 1949
(iii) Companies Act, 1956 Select the correct answer using the following codes.
(1) only i
(2) i and ii
(3) ii and iii
(4) i, ii and iii
(5) i and iii
5. The term ‘BSR’ refers to
(1) Bank’s selling Rate
(2) Basic Statistical Returns
(3) Annual returns submitted by banks to RBI in respect to priority sector advances
(4) Quarterly statements of advance to agriculture
(5) None of the above
6. Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements employed by Reserve Bank as measures by Reserve of credit control are classified as
(1) quantitative methods
(2) qualitative methods
(3) Both of the above
(4) All of the above
(5) None of the above
7. “Micro Credits” are loans:
(1) granted to distressed person (other than farmers) to pre-pay  their debt to non- institutional  lenders against appropriate collateral or group security,
(2) not exceeding 50.000 per borrower provided by banks
(3) both (1) and (2)
(4) either (1) and (2)
(5) none of the above
8. What does FSDC stand for? 
(1) Financial Security and Development Council 
(2) Financial Stability and Development Council 
(3) Fiscal Security and Development Council 
(4) Fiscal Stability and Development Council
(5) None of these
9. In July 1969, how many Commercial Banks were nationalised?
10. Which of the following Co-operative Banks is considered as the first Co-operative Bank in India?
(1) Greater Bombay Co-operative Bank Ltd 
(2) Abhyudaya Co-operative Bank Ltd 
(3) Ahmedabad Mercanile Co-operative Bank Ltd 
(4) Amanath Co-operative Bank Ltd 
(5) Anyonya Co-operative Bank
Answers will be provided soon

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Mission IBPS Exam : Banking Awareness Quiz 4.5 5 Yateendra sahu September 18, 2015 Dear Readers, With IBPS RRB Assistant approaching, you have to concentrate on these topics as well. So keep your pace such that you cover ...


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