Important Banking Awareness Questions for Upcoming Exams 2017 Set-165:
Dear Readers, The List of important Banking Awareness Quiz for upcoming exams was given here. Candidates those who are preparing for the exams can use this.
1). What is 'Packing Credit' ?
a) Finance extended to packing materials
b) Finance extended to an importer to pack the goods imported
c) Finance extended to warehouses for keeping the goods packages
d) Finance extended to an exporter to meet the cost of buying and/or making products 'to be exported
e) None of these
Answer: d)
2). Till 30th June, 1955, State Bank of India (SBI) was known as
a) State Bank of British India
b) Imperial Bank of India
c) India Central bank
d) Central Bank of India
e) None of these
Answer: b)
3). Who sets up the Bench Mark Interest Rate for Germany ?
a) German Central Bank
b) Deutsche Bundes Bank
c) European Central Bank
d) Deutsche Bank
e) None of these
Answer: c)
4). What is India's apex tax body ?
a) CBDT
b) GAAR
c) IT Department
d) RBI
e) None of these
Answer: a)
5). Who is the New CEO of Indian Bank?
a) Kishore Kumar Kharat
b) Mahesh Kumar Jain
c) R. Koteeswaram
d) Arundhati Bhattacharya
e) Rakesh Sethi
Answer: a)
6). In India, scheduled commercial banks are those banks included
a) In the Second Schedule of RBI Act,1943
b) In the Second Schedule of BR Act,1949
c) In the Second Schedule of NI Act, 1881
d) In the Second Schedule of Companies Act,1956
e) None of these
Answer: a)
7). In regards to insurance, 'A policy provision to be restored from a lapsed status and resume active coverage, is termed as
a) Reaffirmation
b) Reinsurance
c) Reinstallment
d) Revocation
e) None of these
Answer: b)
8). 'The termination of an insurance policy due to non-payment of premium' is technically known as:
a) Lapse
b) Death
c) Forfeiture
d) Seize
e) None of these
Answer: c)
9). What are open market operations ?
a) Activities of SEBI-registered brokers
b) Selling of currency by the RBI .
c) Selling of gilt-edged securities by the government
d) Sale of share by FIIs
e) None of these
Answer: c)
10). What is the current Reverse Repo Rate?
a) 5.75%
b) 6.00%
c) 6.25%
d) 4.00%
e) None of these
Answer: b)
Answer Key:
1).d 2).b 3).c 4).a 5).a 6).a 7).b 8).c 9).c 10).b
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