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Thursday, 18 August 2016

Banking Awareness Important GK Quiz for Bank PO Exams Part-2

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Dear Readers, Here is the Banking Awareness Important GK Quiz for upcoming Bank PO Exams. In this quiz you study very imp. and previous asked IBPS PO and IBPS Clerk asked 17 MCQS with answers, SBI PO, SBI Clerk, Specialist Officer and all other exams questions and answers are availabe here for your bank exam preparation. Practice with mm quiz on daily basis for better competitive and recruitment bank exams preparation. All Banking Awareness quizzess are very helpful for all candidates.

We hope that this Banking Awareness Quiz much more useful for upcoming Bank Exams 2016-2017. In our previous article you read Banking Awareness Question Bank and Banking Awareness Important GK Quiz for Bank PO Exams in PDF format.

Qn. 1. The New Capital Adequacy Frame work prescribed for the banks is commonly known as?
(1) KYC norms
(2) Credit Policy
(3) Basel accord
(4) Fiscal Policy
(5) None of these

Qn. 2. Expand the term 'FRBM'?
(1) Financial Responsibility and Business management
(2) Fiscal Responsibility and Business management
(3) Financial Responsibility and Budget Management
(4) Fiscal Responsibility and Budget Management
(5) Formal Responsibility and Business Management


Qn. 3. What is an Indian Depository Receipt?
(1) A deposit account with a Public Sector Bank
(2) A depository account with any of depositories
(3) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company
(4) An instrument in the form of deposit receipt issued by Indian  depositories
(5) None of these

Qn. 4. Land Development Banks form a part of the?
(1) Commercial Banks
(2) Industrial Development Bank of India
(3) Food Corporation of India
(4) Cooperative Credit Structure
(5) None of these

Qn. 5.  Which of the following cannot be called as a value Added Service offered by bank?
(1) Special Accounts for poor sections of society
(2) Accident Insurance Cover 
(3) Instant credit of outstations cheques
(4) free cheque books
(5) All of these

Qn. 6. The minimum number of women required for formation of women groups under Development of women and children in Rural Areas Programme is?
(1) 20
(2) 15 
(3) 10
(4) 05
(5) None of these

Qn. 7. What is the full form of 'FINO', a term we see frequently in financial  newspapers?
(1) Financial Investment Network and Operations
(2) Farmer's Investment in National Organization
(3) Farmers Inclusion News and Operations
(4) Financial Inclusion Network and Operations
(5) None of these

Qn. 8. With an aim to provide better services to the debit card holders, the Reserve Bank of India (RBI) has directed all commercial and public sector banks to introduce new Automated Teller Machines (ATM) that can deliver lower denomination notes such as?
(1) Rs 10
(2) 20
(3) 50
(4) None of the above
(5) All the above

Qn. 9. Which of the following banks is limited to the needs of agriculture and rural finance?
(1) RBI
(2) SBI
(3) IFC
(4) NABARD
(5) Axis Bank

Qn. 10. Open-market operations of Reserve Bank of India refer to?
(1) Trading in securities
(2) Auctioning
(3) Transaction in gold
(4) All of these
(5) None of these



Qn. 11. Which of the following has introduced a new tool named Data Warehousing and Business Intelligence System for speedy analysis of data and identification of violations?
(1) IRDA
(2) SBI 
(3) RBI
(4) TRAI
(5) None of these

Qn. 12. The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 per cent to?
(1) 74 %
(2) 47 %
(3) 57 %
(4) 72 %
(5) None of these

Qn. 13. Which of the following is NOT part of the scheduled banking structure in india?
(1) Money Lenders
(2) Public  Sector Banks
(3) Private Sector Banks
(4) Regional Rural Banks
(5) State Cooperative Banks

Qn. 14. Who is the chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions sector?
(1) Y.H. Malegam 
(2) Dr K.C.Chakraborty 
(3) C.Rangarajan
(4) M.Damodaran 
(5) Smt Usha  Thorat

Qn. 15. An instrument of qualitative credit control in India is?
(1) Open market operations
(2) Credit rationing
(3) Change in reverse ratio
(4) Bank rate policy
(5) None of these

Qn. 16. Which of the following is the full form of the term SLR as used in the banking sector?
(1) Social Lending Ratio
(2) Statutory Liquidity Ratio
(3) Scheduled Liquidity Rate
(4) Separate Lending  Rate
(5) None of these

Qn. 17. World Bank Headquarters is situated in?
(1) India
(2) USA
(3) Switzerland
(4) Japan
(5) UK



Answer-key
1)3
2) 4
3) 3
4) 4
5) 4
6) 3
7) 1
8) 5
9)4
10) 1
11) 2
12) 1
13) 1
14) 1
15) 2
16) 3
17)2
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