Banking Awareness Quiz for IBPS PO VII Main Exam

Which of the following is not a subsidiary of RBI ?
1. Deposit Insurance and Credit Guarantee Corporation (DICGC)
2. National Housing Bank(NHB)
3. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
4. National Bank for Agriculture and Rural Development (NABARD)
5. Industrial development Bank of India (IDBI)
Promissory Notes/Bills of Exchange and Cheques are defined as :
1. Trust Receipts
2. Judicial documents
3. Negotiable instruments
4. Documents of title to goods
5. Not Negotiable Instruments
Name the overnight credit facility provided by RBI to commercial banks.
1. Marginal Standing Facility (MSF)
2. Repo rate
3. Bank rate
4. Reverse repo
5. Base Rate
The International Organization of Securities Commissions (IOSCO) is the international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector. The Head-quarters of IOSCO located in :
1. Rome, Italy
2. Madrid, Spain
3. Geneva, Switzerland
4. Bern, Switzerland
5. Paris, France
Which one of the following crossings is not defined in the Negotiable Instruments Act 1881 ?
1. Account payee crossing
2. Not negotiable
3. General crossing
4. Special crossing
5. None of the above
Banks can create assignment on :
1. Book Debts
2. Stocks
3. Land & Building
4. Deposits
5. Immovable
Treasury Bills are issued by :
1. RBI
2. State Government
3. Government of India
4. SEBI
5. NABARD
A Bank on whom a cheque is drawn by the customer is :
1. Collecting bank
2. Paying bank
3. Advising bank
4. Issuing bank
5. Conforming bank
Sukanya Samriddhi Account can be opened up to age of ______________ years only from the date of birth.
1. Five years
2. Four years
3. Six years
4. Eight years
5. Ten years
Short term crop loan treated as NPA if it remains unrecovered for :
1. One Crop Season
2. Two Crop Seasons
3. One Crop Season + 90 days
4. Existing NPA norms that are applicable for Term Loans
5. None
"Yogakshemam Vahamyaham" is slogan of :
1. REC
2. LIC
3. Bachat Lamp Yojana
4. Midday Meal Scheme
5. MUDRA Scheme
Banks can extend Education loans to the students to pursue studies in India and Abroad with a maximum amount of :
1. Rs. 5 & 10 lakhs
2. Rs. 10 & 20 lakhs
3. There is no cap on maximum amount
4. 80% of education cost without any cap on maximum loan
5. None of the above
Normally a minor attains majority on completion of 18 years of age. However if the guardian is appointed by the court the minor at-ains majority on completion of :
1. 21 years
2. 18 years
3. 15 years
4. 17 years
5. 20 years
At present, Banks are required to maintain SLR at :
1. 25.00%
2. 19.50%
3. 20.00%
4. 24.50%
5. None
Nominee obtains payment in the capacity of :
1. Owner
2. Beneficiary
3. Agent
4. Trustee
5. None
What is the Upper limit for investment in Kisan Vikas Patra (KVP) ?
1. Rs. 5000
2. Rs. 10,000
3. Rs. 50,000
4. Rs. 1,50,000
5. No upper limit
Cardinal principles of lending are :
1. Safety
2. Liquidity
3. Profitability and Diversifications of risks
4. Purpose and Security
5. All the above
Which of the following is not a banking related term ?
1. Mortgage Loan
2. Margin Amount
3. Letter of Guarantee
4. Benchmark Prime Lending Rate
5. None of the above
A type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing is called :
1. Cash Credit
2. Term Loan
3. Bridge Loan
4. Letter of Credit
5. Hand Loan
Placement, Layering and Integration are the three stages used to bring the money from illegal source to convert it into white money through banks is called :
1. Black Money Transaction
2. Money Transfer
3. Hot Money Transaction
4. Money Laundering
5. Hawala Transactions