Important Banking Awareness Questions for IBPS Clerk Mains 2016 Set-89:
Dear Readers, The List of important Banking Awareness Quiz for upcoming IBPS Clerk Mains exams was given here. Candidates those who are preparing for the exams can use this.
Answer: b)
2). Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
Answer: c)
3). What is the condition for a bank to be called a "Scheduled Bank" ?
Answer: b)
4). A worldwide financial messaging network which exchange messages between banks and financial institutions is known as-
Answer: b)
5). Which of the following is not a ‘Money Market Instrument’?
Answer: d)
6). Which is the first Indian company to be listed in NASDAQ ?
Answer: d)
7). Loans of very small amount given to low income group is called-
Answer: d)
8). Bank rate implies the rate of interest-
Answer: d)
9). What do you mean by Mortgage?
Answer: b)
10). The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
Answer: b)
1). Large amounts of cheques are processed by using
a) OCR
b) MICR
c) OMR
d) All of these
e) None of these
Answer: b)
2). Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
a) Certificate of Deposits
b) Bonds
c) Stocks
d) Commercial Papers
e) Loans
Answer: c)
3). What is the condition for a bank to be called a "Scheduled Bank" ?
a) Its business has to be crossed Rs. 1000 Cr mark
b) Its branch network should be over 100
c) It should be included in the second schedule of the RBI act
d) It should comply with all the above conditions
e) None of these
Answer: b)
4). A worldwide financial messaging network which exchange messages between banks and financial institutions is known as-
a) CHAPS
b) SWIFT
c) NEFT
d) SFMS
e) CHIPS
Answer: b)
5). Which of the following is not a ‘Money Market Instrument’?
a) Treasury Bills
b) Commercial Paper
c) Certificate of Deposit
d) Equity shares
e) None of these
Answer: d)
6). Which is the first Indian company to be listed in NASDAQ ?
a) Reliance
b) TCS
c) HCL
d) Infosys
e) None of these
Answer: d)
7). Loans of very small amount given to low income group is called-
a) Cash Credit
b) No Frill Credit
c) Rural Credit
d) Micro Credit
e) Simple Overdraft
Answer: d)
8). Bank rate implies the rate of interest-
a) Charges by banks on loans and advances
b) Paid by the RBI on the deposits if commercial banks
c) Payable on bonds
d) At which the RBI discounts the Bill of Exchange
e) None of these
Answer: d)
9). What do you mean by Mortgage?
a) A security created on immovable property for a deposit received by a bank
b) A security created on immovable property for a loan given by a bank
c) A facility created on movable property for a deposit received by a bank
d) A security created on movable property for a loan given by a bank
e) None of the above
Answer: b)
10). The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
a) Reserve Bank of India
b) Imperial Bank of India
c) Bank of India
d) Union Bank of
e) None of these
Answer: b)
1)b 2)c 3)b 4)b 5)d 6)d 7)d 8)d 9)b 10)b
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