Sunday, 15 November 2015

IBPS Clerk Exam Banking Awareness Mock Test : Quiz 10

1. Which of the following was the first mutual fund listed on the newly launched mutual fund platform on National Stock Exchange (NSE)?
(a) UTI Mutual Fund
(b) SBI Mutual Fund
(c) LIC Mutual Fund
(d) Bank of Baroda Mutual Fund
(e) None of the Above

2. The RBI stipulates a healthy mix of CASA in the business figures of banks. What does it denote?
(a) Customer Analysis and Savings Pattern
(b) Cost Appreciation and Selling Analysis
(c) Current Account and Savings Account
(d) Credit and Savings Aggregate
(e) None of the above

3. Which of the following is/are the major concepts visible in today’s banking industry in India?
I. Risk-based management
II. Growing competition
III. IT initiatives
(a) Only I
(b) Only II
(c) Only III
(d) I and III
(e) All of these

4. Which of the following acts govern the RBI functions?
(a) RBI Act 1934
(b) Banking Regulation Act 1949
(c) Companies Act 1956
(d) Foreign Exchange Regulation Act 1973
(e) Foreign Exchange Management Act 1999

5. Quantitative instrument of the RBI can be
(a) Bank Rate Policy
(b) Cash Reserve Ratio
(c) Statutory Liquidity Ratio
(d) All of these
(e) None of these

6. Which of the following types of accounts are known as ‘Demat Accounts’?
(a) Accounts which are zero balance accounts
(b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there.
(c) Accounts in which shares of various companies are traded in electronic form.
(d) Accounts which are operated through internet banking facility.
(e) None of the above

7. A bank normally does not have to deal with an issue related to
(a) Payments and Settlements System
(b) Contractual rights of creditors
(c) intellectual property rights
(d) cases of insolvency
(e) None of the above

8. Your bank’s customer XYZ enjoys a CC limit of Rs.100000. The CC account shows a credit balance of Rs.10205. The relationship between your bank and XYZ Limited is
(a) debtor/creditor
(b) creditor/debtor
(c) bailor/bailee
(d) bailee/bailor
(e) None of these

9. Which of the following is true about cooperative banks?
(a) They are established under the Cooperative Societies Act
(b) They are profit as their main motive
(c) They all nare scheduled banks
(d) They all of the above
(e) None of the above

10. When an endorser waives presentment and notice of dishonour, he increases his liability. His endorsement is
(a) Facultative endorsement
(b) Qualified endorsement
(c) Alternative endorsement
(d) Restrictive endorsement
(e) None of the above

Read more MCQs Test important Banking Awareness for IBPS Exams

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