Important Banking Awareness Questions for IBPS Clerk/RRB 2016 Set-76:
Dear Readers, The List of important Banking Awareness Quiz for upcoming IBPS PO/Clerk exams was given here. Candidates those who are preparing for the exams can use this.
1).Interest rate payable on Saving Bank account is
Answer: d)
2).The main function of an Asset Management Company is to:
Answer: b)
3). RBI uses bank rate in order to control ___________.
Answer: a)
4).Which of the following terms is used in the field of banking and finance?
Answer: a)
5). Forfaiter is
Answer: a)
6). Electronic fund transfers like RTGS and NEFT are operated and maintained by ___________.
Answer: c)
7). When a bank returns a cheque unpaid, it is called?
Answer: b)
8).Which of the following banks has opened the country’s first “Cash Factory” in Lucknow which will issue currency notes to all its branches and ATM in the area?
Answer: c)
9). National Payments Corporation of India (NPCI) is being used by banks for ___________.
Answer: b)
10). Expand IFSC ___________.
Answer: a)
1).Interest rate payable on Saving Bank account is
a) regulated by RBI
b) regulated by State Government
c) regulated by Central Government
d) not regulated by RBI
e) regulated by Finance Ministry
Answer: d)
2).The main function of an Asset Management Company is to:
a) manage the securities of various schemes
b) manage the funds by making investments in various types of securities
c) manage property for the benefit of the unit holders
d) All the above
e) None of these.
Answer: b)
3). RBI uses bank rate in order to control ___________.
a) Money supply, volume of bank credit and cost of bank credit.
b) Liquidity
c) Cash holdings of banks
d) Financial position of banks
e) None of these
Answer: a)
4).Which of the following terms is used in the field of banking and finance?
a) Investment
b) Genetics
c) Resistance
d) Metabolic Reaction
e) None of these
Answer: a)
5). Forfaiter is
a) an intermediary between an exporter and importer
b) an intermediary between an exporter and bank
c) an intermediary between an bank and importer
d) a bank.
e) None of these
Answer: a)
6). Electronic fund transfers like RTGS and NEFT are operated and maintained by ___________.
a) National Payments Corporation of India (NPCI)
b) Bharat Bill Payment System (BBPS)
c) Reserve Bank of India (RBI)
d) Clearing Corporation of India Limited (CCIL)
e) None of these
Answer: c)
7). When a bank returns a cheque unpaid, it is called?
a) Payment of cheque
b) Dishonor of cheque
c) Cancelling of cheque
d) Drawing of cheque
e) None of these
Answer: b)
8).Which of the following banks has opened the country’s first “Cash Factory” in Lucknow which will issue currency notes to all its branches and ATM in the area?
a) Bank of India
b) Bank of Baroda
c) State Bank of India
d) Union Bank of India
e) None of these
Answer: c)
9). National Payments Corporation of India (NPCI) is being used by banks for ___________.
a) Remittance
b) Clearing and settlement
c) Payments and settlements
d) Advisory service
e) None of these
Answer: b)
10). Expand IFSC ___________.
a) Indian Financial System Code
b) Indian Financial Services Code
c) International Financial Service Code
d) Interbank Fund Service Code
e) Indian Financial Security Code
Answer: a)
1).d) 2).b) 3).a) 4).a) 5).a) 6).c) 7).b) 8).c) 9).b) 10).a)
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