Banking Awareness Quiz for IBPS PO VII Main Exam

November 10, 2017    

  1. 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)
  2. 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
  3. 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
  4. 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
  5. 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
  6. Banks can create assignment on :
    1. Book Debts
    2. Stocks
    3. Land & Building
    4. Deposits
    5. Immovable
  7. Treasury Bills are issued by :
    1. RBI
    2. State Government
    3. Government of India
    4. SEBI
    5. NABARD
  8. 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
  9. 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
  10. 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
  11. "Yogakshemam Vahamyaham" is slogan of :
    1. REC
    2. LIC
    3. Bachat Lamp Yojana
    4. Midday Meal Scheme
    5. MUDRA Scheme
  12. 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
  13. 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
  14. At present, Banks are required to maintain SLR at :
    1. 25.00% 
    2. 19.50%
    3. 20.00%
    4. 24.50%
    5. None
  15. Nominee obtains payment in the capacity of :
    1. Owner
    2. Beneficiary
    3. Agent
    4. Trustee
    5. None
  16. 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
  17. Cardinal principles of lending are :
    1. Safety
    2. Liquidity
    3. Profitability and Diversifications of risks
    4. Purpose and Security
    5. All the above
  18. 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
  19. 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
  20. 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
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Banking Awareness Quiz for IBPS PO VII Main Exam 4.5 5 Yateendra sahu November 10, 2017 Which of the following is not a subsidiary of RBI ? Deposit Insurance and Credit Guarantee Corporation (DICGC) National Housing Bank(N...


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