Thursday, 28 January 2016

Current Affairs for LIC AAO/SYNDICATE EXAM Exam 2016

Hi, Expert mm readers, What are you doing now Time Pass OR Constration your study...! Ohh. You are busy with your current job and also in your upcoming exams. here we are presenting some current affairs quiz mcqs for upcoming LIC AAO 2016 Exam and SYNDICATE EXAM exam. Prepare yourself well and get  better score. All the best for your 
LIC AAO Exam and SYNDICATE EXAM 2016 exam. 

Q. 1. Which Bank has opened its first branch in South Korea (Seoul) on 13th Jan, 2016 ?
b) Punjab National Bank
c) Corporation Bank
d) State Bank of India
e) Indian Overseas Bank
Q. 2. The purpose of SARFAESI Act 2002 is:
a) Recovery of dues in Education Loans only
b) Recovery term loans sanctioned for construction of infrastructure projects
c) Court permission is must before recovery of overudes in NPAs
d) Recovery of dues classified as non-performing assets without intervention of court
e) None of the above

Q. 3. A banknote, of which a portion is missing or which is composed of more than two pieces is called ?
a) Soiled Note
b) Cut Note
c) Duplicate Note
d) Bad Note
e) Mutilated banknote
Q. 4. Consumption loan under priority sector can be granted to..
a) Rural artisans
b) Small/Marginal farmers
c) Landless labourers
d) All
e) None
Q. 5. Which of the following is a borrowing facility/loan advance __?
a) Term finance
b) Performance guarantee
c) Bill received under letter of credit
d) All the above
e) None of the above
Q. 6. Collateral securities can be ___?
a) Tangible
b) Intangible in the shape of personal guarantee of a third party
c) Security given to get credit facilities/loan
d) All of the above
e) None of the above
Q. 7. A charge where there is neither the transfer of ownership nor the possession is called ______?
a) Hypothecation
b) Lien
c) Pledge
d) Mortgage
e) None of the above
Q. 8. As per the directives of Reserve bank of India, 'Notice deposit' shall mean:
a) The deposit withdrawable at the will of the depositor
b) The deposit repayable only after the bank gives notice to the depositor
c) Term deposit for specific period but with drawable on giving at least one complete banking day’s notice
d) None of the above
e) All of the above
Q. 9. Regional Rural Banks have been permitted to pay ½% additional interest on ____?
a) All deposits accounts except current deposits
b) All deposits accounts including current deposits
c) Saving account and time deposits of less than three years
d) All deposit accounts except Recurring Deposit Scheme
e) None of the above
Q. 10. Name the 9 digit numeric code that uniquely identifies a bank branch participating in electronic clearing scheme?
b) ECS
Q. 11. What is the full form of the CORE word in Core Banking Solutions?
a) Core Online Real-time Exchange
b) Centralized Online Real-time Exchange
c) Central Online Real-time Exchange
d) Centralized Online Retail Exchange
e) None of the above
Q. 12. Which Bank scores a first, mortgage portfolio crossing Rs 1 lakh crore ?
a) State Bank of India
e) Punjab National Bank
Q. 13. A part of the issued capital of the Regional Rural Banks is subscribed as under___?
a) Fifty per cent by Central Government
b) Fifty per cent by State Government
c) Thirty per cent by sponsoring bank
d) All the above
e) None of the above
Q. 14. Which amongst the following is not term deposits issued by commercial banks?
a) Current account
b) Fixed deposit
c) Recurring deposit
d) Reinvestment deposit
e) All the above
Q. 15. What is the main purpose of Open market operations?
a) A fiscal device which assists Government borrowing
b) A monetary measure to regulate quantity of money in circulation and the cash reserves of the commercial banks
c) A measure to counteract extreme trends in business
d) A measure to influence the balance of payments position
e) None of the above

Must read article for your upcoming Exam :
  1. General Knowledge free study materiel click here

  2. Daily current Affairs for Bank Exam Quiz click here

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