Banking Awareness Quiz for IBPS Exams 2017
Dear Aspirants,
Welcome
to Mentor for Bank Exams Banking Awareness Quiz section. Here we are
collected some important practice questions of Banking awareness section that
are most repeatedly asked in the previous bank exams. Practice well and be
prepared. All the best for upcoming IBPS Exams 2017.
1. Section
9 of the Banking Regulation Act prohibits the banking Companies from holding
any immovable property except for its own use for a period of not more
property. The RBI may extend this period for a further period of ______:
a) 2 years
b) 4 years
c) 5 years
d) 6 years
e) None of
the above
2. Which of
the following organizations/ agencies has sought an emergency fund of Rs.1000
crore from banks to tackle acute liquidity crisis, which is coming in the way
to give loans to micro borrowers?
a) Regional
Rural & Cooperative Banks
b) RBI
c) Micro
Finance Institutions
d) NABARD
e) None of
the above
3. Currency
notes deposited in the currency chest are the property of ____?
a)
Respective bank
b) RBI
c) SBI
d)
Government of India
e)
Respective state Government
4. The main
business of banks is to accept deposits from the public. However, a bank can
refuse to permit opening an account on behalf of _______:
a)
Undesirable persons
b)
Artificial persons
c) Arrested
persons
d)
Convicted persons
e) All of the
above
5. Banks
are required to monitor transactions of suspicious nature for reporting to the
authorities under anti- money laundering measures. The purpose of reporting is:
a)
Combating finance of terrorism
b) To check
hawala transactions
c) To check
the inflow of crime money
d) To check
inflow of the money earned out of sale of narcotics
e) All the
above
6. Every
Banking company is required to use the word Bank in its name and no company
other than a Banking company can use the words Bank, Banker or Banking as a
part of its name as per:
a) Section
7 of Banking Regulation Act
b) Section
7 of RBI Act
c) Section
7 of SEBI Act
d) Section
7 of Nationalization Act
e) None of
the above
7. Section
6(A) of B.R. Act has given the list of ancillary services which can be rendered
by a Bank under the Banking Regulation Act. in the event that a Bank wants to
undertake any other services (other than the list):
a) the bank
can seek authority from the RBI
b) Board of
directors of that Bank can decide the business suitable to the bank
c) it can
be decided by the Bank in the shareholders meeting
d) Bank can
do so if that business is notified by the Central Government as the lawful
business of a Banking company
e) None of
the above
8. Banking
Companies are prohibited under Sec 8 of banking Regulation Act to sell and
purchase securities. Yet Banks are selling securities (of the customer) which
are under pledge as permitted by:
a) Indian
Contract Act
b) SARFAESI
Act
c)
Government Notification
d) Banking
Regulation Act
e) None of
these
9. Cryptocurrency
is a _______ .
A) Digital
Medium of Exchange
B) Plastic
Money.
C) Digital
payment
D) Both A
& B
E) None of
these
10. Which
statement is not correct about Capital Adequacy Ratio ?
A) It is a
thermometer of Bank’s Health.
B) It is
the ratio of its Capital to its Risk.
C) It can
indicate the Capacity of the Bank’s ability to absorb the possible losses.
D) A good
CAR makes vulnerable to the Depositors and lose faith in the banking system.
E) None of
these
11. In Take
Out Financing there is/are how many parties involve ?
A) One
B) Two
C) Three
D) Four
E) Five
12. In
India, main Products of Retail Banking are ________.
A) Loan
products
B) Card
Products
C) Deposit
Products
D) All of
these
E) None of
these
13.
Microcredit is defined as _____.
A) It is
the small credit given to poor.
B) It is
the instalment given by Farmers against Loan.
C) It is
the amount given by Govt. for Small Industries Development.
D) None of
these
14.
Priority Sector does not includes the _____.
A)
Agricultural Finance
B)
Education Loans
C) Housing
loans
D) Life
Insurance Policy
E) All of
these
15.
Financial Inclusion is also known as ________.
A) Social
Responsibility of the Banking and Govt. System.
B) Delivery
of Financial Services at an affordable cost
C) Delivery
of banking services at an affordable cost.
D) All of
these
E) None of
these
Answers:
1. C) 2. D)
3. B) 4. A) 5. E)
6. A) 7. D) 8. D)
9. A) 10. D) 11. C)
12. D) 13. A) 14. D)
15. D)
