Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017

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). What is the expiry date of Priority Sector Lending Certificates (PSLC)?

1). All Priority Sector Lending Certificates (PSLCs) will be valid till March 31st and will expire on April 1st.
Answer: D

2). Which among the following are often described as Double Financial Repression for Banks in India?

2). Priority Sector lending in India has been made a salient feature of the banking in India mainly due to the social and economic objectives that underlie PSL. However, banks are also required to keep certain amount to maintain Statutory Liquidity Ratio (SLR) and from the remaining disposable amount, 40 per cent is dedicated for the priority sector. Thus, large fraction of banks resources causes the so called “Double Repression” on the banking system.
Answer: B

3). What is the loan limit for education in the country under priority sector?

3). Loan limit to individuals for education including vocational courses under priority sector is upto Rs.10 lakh.
Answer: B

4). What is the loan limit for education in abroad under priority sector?

4).
Answer: D

5). What Percentage of loans one particular bank need to provide a weaker sections under Priority Sector as mandated by RBI?

5).
Answer: C

6). What is the maximum limit of investment in equipment by a Micro Enterprise as per the MSMED Act 2006 in Service Enterprises?

6).
Answer: A

7). What is the maximum limit of investment in equipment by a Micro Enterprise as per the MSMED Act 2006 in Manufacturing Enterprises?

7).
Answer:B

8). What is the maximum limit of investment in equipment by a Small Enterprise as per the MSMED Act 2006 in Service Enterprises?

8).
Answer: C

9). What is the maximum limit of investment in equipment by a Medium Enterprise as per the MSMED Act 2006 in Service Enterprises?

9).
Answer: D

10). What is the maximum limit of investment in equipment by a Small Enterprise as per the MSMED Act 2006 in Manufacturing Enterprises?

10).
Answer: C

11). What is the maximum limit of investment in equipment by a Medium Enterprise as per the MSMED Act 2006 in Manufacturing Enterprises?

11).
Answer: C

12). What is the applicable limit for social infrastructure loans under priority sector?

12). This includes loans up to Rs 5 crore per borrower for building social infrastructure for activities viz. schools, health care facilities, drinking water facilities and sanitation facilities including construction/ refurbishment of household toilets and household level water improvements in Tier II to Tier VI centers.
Answer: E

13). What is the applicable limit for renewable energy loans under priority sector?

13). Bank loans up to a limit of Rs.15 crore to borrowers for purposes like solar based power generators, biomass based power generators, wind mills, micro-hydel plants and for non-conventional energy based public utilities viz. street lighting systems, and remote village electrification are eligible to be classified under priority sector loans under ‘Renewable Energy’. For individual households, the loan limit is Rs.10 lakh per borrower.
Answer: E

14). What is the limit for housing loans in metropolitan centers under priority sector?

14). Loans to individuals up to Rs.28 lakh in metropolitan centres and does not exceed Rs.35 lakh.
Answer: E

15). What is the limit for housing loans in non-metropolitan centers under priority sector?

15).
Answer: D