Banking Awareness Questions for NIACL Assistant Exam |

Dear Readers,

Just a few days are left for Bank of Baroda PO and NIACL Assistant Mains Examination. It is time to pace up your preparation of Banking Awareness for Bank of Baroda PO and NIACL Assistant Mains 2017. These Banking questions will also help you in preparing for SBI PO Mains 2017, and NICL AO Mains 2017 recruitment examination.

Q1. Under OLTAS, only a Single Copy Challan is used with a tear off portion for the Tax Payer. What does OLTAS stand for-?

(a) On-line Tax Accounting Service

(b) On-line Tax Amounting System

(d) On-line Tax Association Service

(e) On-line Tax Accounting System

Q2. What is the minimum period of maturity prescribed for Commercial Paper (CP)?

(a) 17 Months

(b) 14 Days

(d) 07 days

(e) 05 years

Q3. Which banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC)?

(a) Foreign Banks functioning in India

(b) Local Area Banks

(d) All of the above

(e) None of the given options is true

Q4. What is the maximum period of maturity prescribed for Commercial Paper (CP)?

(a) 10 years

(b) 06 years

(d) 02 years

(e) 05 years

Q5. Each depositor in a bank is insured by DICGC up to a maximum of _____________________ for both principal and interest amount held by him in the same capacity and same right as on the date of liquidation/cancellation of bank’s license or the date on which the scheme of amalgamation/merger/reconstruction comes into force.

(a) Rs.1, 00,000

(b) Rs.2, 00,000

(d) Rs.4, 00,000

(e) Rs.5, 00,000

Q6. NABARD was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on-

(a) 12th July 1982

(b) 01st January 1949

(d) 15th April 1969

(e) 05th November 1982

Q7. The mission of NABARD is Promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institution development and other innovative initiatives. What is meaning of “R” IN NABARD?

(a) Regional

(b) Rural

(d) Revised

(e) Remittance

Q8. SAT is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India (SEBI) Act, 1992. SAT stands for-

(a) Securities Appellate Tribunal

(b) Securities Appellate Treaty

(d) Saving Appellate Tribunal

(e) None of the given options is true

Q9. The Securities and Exchange Board of India (SEBI) was established on-

(a) 12th April 1999

(b) 12th April 1992

(d) 12th April 1990

(e) 12th April 1995

Q10. NABARD was set up with an initial capital of-

(a) Rs 200 crore

(b) Rs 1500 crore

(d) Rs 100 crore

(e) Rs 1000 crore

Q11. BCBS is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. What is mean of ‘S’ in BCBS?

(a) Supervision

(b) Serious

(d) Service

(e) Stands

Q12. The Basel III capital regulation has been implemented from April 1, 2013 in India in phases and it will be fully implemented as on-

(a) 31st March, 2020

(b) 31st March, 2019

(d) 31st March, 2018

(e) None of the given options is true

Q13. Which among the following product is not a product of NPCI?

(a) Unified Payments Interface (UPI)

(b) Bharat Interface for Money (BHIM)

(d) Bharat Bill Payment System (BBPS)

(e) National Automated Clearing House (NACH)

Q14. Which card is a new card payment scheme launched by NPCI?

(a) Maestro card

(b) Visa Card

(d) RuPay

(e) None of the given options is true

Q15. The Basel Committee has issued the full text of the revised LCR following endorsement on 06th January 2013 by its governing body. What is mean of ‘C’ in LCR?

(a) Custody

(b) Commercial

(d) Cash

(e) Coverage

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