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Friday, 30 December 2016

Banking and financial awareness questions for bank exams (Special Set)

Hello Readers. Here is the TOP-18 expected Banking and financial awareness questions for bank exams (Special Set). This capsule makes a perfect IBPS Bank Exam Preparation. Practice with these questions and answers for your better score. Our expert provide banking awareness capsule PDF for your future banking jobs.

परीक्षा में वे प्रश्न ही क्यों आते है जो हम नहीं पढ़ते है! YES! अपनी बैंक परीक्षा व अन्य प्रतियोगी परीक्षाओं की तैयारी कीजिये हमारे क्विज व नोट्स से और पाईये 40 प्रतिशत तक अधिक स्कोर।

Q. 1. What does S & P 500 relate to?
(1) Supercomputer
(2) A new technique in e-business
(3) A new technique in bridge building
(4) An index of stocks of large companies

Q. 2. Basel II relates to which one of the following?
(1) International standards for safety in civil aviation
(2) Measures against cyber crimes
(3) Measures against drug abuse by sportspersons
(4) International standards for measuring the adequacy of a bank’s capital

Q. 3. Consider the following statements
1. The repo rate is the at which other banks borrow from the Reserve Bank of India.
2. A value of 1 for Gini coefficient in a country implies that there is perfectly equal income for everyone in its population.
Which one of the statements given above is/are correct?
(1) 1 only 
(2) 2 only 
(3) Both 1 and 2 
(4) Neither 1 nor 2

इसे भी पढ़िये - बैंक जीरो बैलेंस पर ही बचत खाता क्यों खोलते हैं?

Q. 4. The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?
(1) State Bank of India
(2) Reserve Bank of India
(3) ICICI Bank
(4) Life Insurance Corporation of India

Q. 5. Consider the following statements;
1. Life Insurance Corporation of India is the oldest insurance company in India.
2. National Insurance company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance corporation of India.
3. Head Quarters of United India Insurance Limited are Located at Chennai
Which one of the statements given above is/are correct?
(1) 1, 2 and 3 
(2) 2 and 3 only 
(3) 1 and 2 only 
(4) 1 and 3 only

Q. 6. Consider the following statements;
1 The National Housing Bank, the Apex institution of housing finance in India, was set up as a wholly owned subsidiary of the Reserve bank of India.
2 The small Industries Development Bank of India was established as wholly-owned subsidiary of the Industrial Development Bank of India.
Which one of the statements given above is/are correct?
(1) 1 only 
(2) 2 only 
(3) both 1 and 2 
(4) Neither 1 nor 2

इसे भी पढ़िये - a to z important full forms/abbreviations

Q. 7. Debenture holders of a company are its
(1) Shareholders 
(2) Creditors 
(3) Debtors 
(4) Directors

Q. 8. Which one of the following statements is correct with reference to FEMA in India?
(1) The foreign Exchange Regulation Act (FERA) was replaced by Foreign Exchange Management Act (FEMA) in the year 2001.
(2) FERA was given a sunset clause of one year till 31st May, 2002 to enable Enforcement Directorate to complete the investigation of pending issues.
(3) Under FEMA, violation of foreign exchange rules has ceased to be a criminal offence.
(4) As per the new dispensation, Enforcement Directorate can arrest and prosecute the people for the people for the violation of foreign exchange rules.

Q. 9. Consider the following statements;
1. Currency with the public
2. Demand deposits with banks
3. Time deposits with banks
(1) 1 and 2 
(2) 1 and 3 
(3) 2 and 3 
(4) 1, 2 and 3 

इसे भी पढ़िये - What is Negative interest rates?

Q. 10.The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
(1) 15 to 20 per cent 
(2) 20 to 25 per cent
(3) 15 to 30 per cent 
(4) 30 to 35 per cent

Q. 11. Gilt-edged market means
(1) bullion market
(2) market of Government securities
(3) market of guns
(4) market of pure metals

Q. 12.The accounting year of the Reserve Bank of India is
(1) April- March 
(2) July-June
(3) October- September 
(4) January – December

Q. 13. Economic Survey in India is published officially, every year by the
(1) Reserve Bank of India
(2) Planning Commission of India
(3) Ministry of Finance, Government of India
(4) Ministry of Industries, Government of India

इसे भी पढ़िये - 3 Secrets to Know About Bank Cheques

Q. 14. In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by
(1) Union Ministry of Finance 
(2) Union Finance Commission
(3) Indian Banks Association 
(4) None of the above

Q. 15. Consider the following statements:
The Functions of commercial banks in India include-
1. Purchase and sale of shares and securities on behalf of customers.
2. Acting as executive and trustees of wills.
Which of the statements given above is/are correct?
(1) 1 Only 
(2) 2 Only 
(3) Both 1 and 2 
(4) Neither 1 nor 2 

Q. 16. Which of the following terms indicates a mechanism used by commercial  banks for providing credit to the government?
(1) Cash Credit Ratio 
(2) Debt Service Obligation 
(3) Liquidity Adjustment Facility
(4) Statutory Liquidity Ratio

Q. 17. With reference to the Non-banking Financial Companies (NBFCs) in India consider the following statements:
 1. They cannot engage in the acquisition of securities issued by the  government.
 2. They cannot accept demand deposits like savings Account.
 Which of the statements given above is/are correct?
(1) 1 only 
(2) 2 only 
(3) Both 1 and 2 
(4) Neither 1 nor 2

Q. 18. When the Reserve Bank of India announces an increase of the Cash  Reserve Ratio, what does it mean?
(1) The commercial banks will have less money to lend
(2) The Reserve Bank of India will have less money to lend
(3) The Union Government will have less money to lend
(4) The commercial banks will have more money to lend. 

Answer key:
1. 4
2. 4
3. 4
4. 2
5. c
6. 3
7. 2
8. 3
9. 4
10. 3
11. 2
12. 1
13. 3
14. 4
15. 3
16. 4
17. 2
18. 1
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