Friday, 11 December 2015

Banking Awareness for IBPS Clerk Mains 2015 Quiz 40

 Dear mm readers here is the important IBPS Banking Awareness for IBPS Clerk Mains 2015 Quiz. Practice with these MCQs and get ready.

1. Which of the following is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications and is an Indian standard similar to SWIFT?
A. SFMS 
B. NEFT
C. NPCI
D. RTGS
E. CFMS 


2. Which of the following is NOT a retail banking product?
A. Fixed deposit account
B. Working capital finance
C. Personal loan
D. Housing loan
E. Educational loan 

3. Which of the following is NOT a money market instrument?
A. Repurchase agreement
B. Commercial Paper
C. Debentures 
D. Treasury bills
E. Certificates of deposit 

4. The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the
A. NABARD
B. SBI
C. EXIM bank
D. SIDBI
E. Other than those given as options 

5. Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks?
A. LIC
B. SIDBI
C. NABARD
D. SBI
E. Other than those given as options 

6. Which of the following is NOT a KYC requirement while opening a bank account?
A. A proof of identity
B. A proof of address
C. A proof of income
D. A recent photograph
E. None of these

7. Even if you do not have any of the documents listed by the govt to show your ‘proof of identity’, you can open a bank account with a bank named
A. Micro account
B. BSBDA
C. No frills account
D. Small account
E. None of these 

8. An Individual can have what number of ‘Basic Savings Bank Deposit Account’ in one bank?
A. Only one 
B. Only two
C. Only three
D. Only four
E. Any number of BSBDA accounts 

9. Which of the following institutions issues a 3-digit number ranging from 300-900 which reflects the credit profile of individuals?
A. CARE
B. CRISIL
C. CIBIL 
D. CAMELS
E. None of these 

10. What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?
A. Savings bank deposit
B. Term deposit
C. Recurring deposit
D. Current deposit
E. None of these 

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