Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017:
Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS Exams 2017 can make use of it.
1). In India banks are classified into --------------- different types.
2). Scheduled banks are classified under ------------------ Act.
3). The Scheduled banks must have paid up capital and reserves atleast Rs_________.
4). What is very restricted form of banking, where the institution is not allowed to take risks by giving fresh loans to business?
5). What is the provision of accessing the banking and related services online without actually going to the bank branch/office in person?
6). What the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks?
7). ________ type of banking that promote clean energy technologies.
8). What is a form of banking when a small group of individuals control three or more banks which are independently chartered?
9). What refers to all the non-bank financial intermediaries that provide services similar to those of traditional commercial banks?
10). What is a banking system in which banks provide a wide variety of financial services, including commercial and investment services?
11). Which committee recommended the Universal Banking concept?
12). What is an approach where banks undertake both commercial and industrial banking?
13). What is a system of banking wherein a bank operates in a limited area, does not open any branches in other places and is more responsive to local needs?
14). What is a profitable way of doing business by banks in foreign countries in which they don’t have physical presence or limited operational permissions?
15). When a bank accepts currencies of countries abroad, such an activity is known as _______.
Important Questions Based on Types of Banking
1). In India banks are classified into --------------- different types.
1). In India, banks have been broadly classified into scheduled and non-scheduled banks.
Answer: A
Answer: A
2). Scheduled banks are classified under ------------------ Act.
2).
Answer: A
Answer: A
3). The Scheduled banks must have paid up capital and reserves atleast Rs_________.
3).
Answer: A
Answer: A
4). What is very restricted form of banking, where the institution is not allowed to take risks by giving fresh loans to business?
4). This is a type of banking in which banks invest money mostly in government bonds and securities. This is done to avoid risk in the market.
Answer: E
Answer: E
5). What is the provision of accessing the banking and related services online without actually going to the bank branch/office in person?
5). Some common forms of virtual banking are, ATMs, use of magnetic ink character recognition code (MICR), Electronic clearing service scheme, electronic fund transfer scheme, RTGS, computerized settlement of clearing transactions, centralised fund management schemes.
Answer: D
Answer: D
6). What the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks?
6).
Answer: C
Answer: C
7). ________ type of banking that promote clean energy technologies.
7).
Answer: D
Answer: D
8). What is a form of banking when a small group of individuals control three or more banks which are independently chartered?
8). Chain Banking conceptually a form of bank governance that occurs when a small group of people control at least three banks that are independently chartered. Usually, the controlling parties are majority shareholders or the heads of interlocking directorates.
Answer: B
Answer: B
9). What refers to all the non-bank financial intermediaries that provide services similar to those of traditional commercial banks?
9). The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but outside normal financial regulations.
Answer: B
Answer: B
10). What is a banking system in which banks provide a wide variety of financial services, including commercial and investment services?
10).This is a type of banking in which banks are allowed to undertake all types of financial activities regarding banking or development in accordance with the statutory and other requirements of RBI, Government and related legal Acts.
Answer: E
Answer: E
11). Which committee recommended the Universal Banking concept?
11).
Answer: E
Answer: E
12). What is an approach where banks undertake both commercial and industrial banking?
12).Mixed banking is an approach where banks undertake both commercial and industrial banking and is a popular banking model in countries like Germany and Japan.
Answer: E
Answer: E
13). What is a system of banking wherein a bank operates in a limited area, does not open any branches in other places and is more responsive to local needs?
13).A customer having an account in a specified branch has to undergo all banking activities through that branch. Examples are Regional Rural Banks and Local Area Banks. Unit banks are vulnerable to failure and are subject to heavy risk in case of failure of local economy.
Answer: E
Answer: E
14). What is a profitable way of doing business by banks in foreign countries in which they don’t have physical presence or limited operational permissions?
14).Correspondent banks thus act as banking agent for a home bank and provides various banking services to customers where otherwise the home bank does not operate.
Answer: B
Answer: B
15). When a bank accepts currencies of countries abroad, such an activity is known as _______.
15).
Answer: E
Answer: E
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