Banking Quiz for IBPS Clerk Mains and Canara Bank PO Exam 2018

With the increased competition in the field of banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.

Q1. Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992

(a) Constitutional body

(b) Advisory body

(c) non-statutory body

(d) Statutory body

(e) None of the given options is true

Q2. Which of the following is a function of SEBI?

(a) to approve by-laws of stock exchanges.

(b) inspect the books of accounts of financial intermediaries.

(c) to require the stock exchange to amend their by-laws.

(d) compel certain companies to list their shares in one or more stock exchanges.

(e) All of the Above

Q3. Which of the following services is NOT provided by the post offices in India?

(a) Savings Bank Scheme

(b) Retailing of Mutual Funds

(c) Sale of stamp Papers (Judicial)

(d) Life Insurance cover

(e) Issuance of Demand Drafts

Q4. Credit rating is _______

(a) is used to rate the borrowers while giving advances

(b) is used to work out performance of the employees

(c) is used to calculate the number of excellent audit rated branches

(d) is not used in any bank

(e) is necessary before giving promotion to employees

Q5. Currency swap is an instrument to manage _______

(a) Interest Rate Risk

(b) Currency Risk

(c) Cash flows in different countries

(d) All of the Above

(e) None of the given options is true

Q6. The Aadhaar-Enabled Payment Systems (AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar authentication number. Aadhaar enabled basic types of banking do not include-

(a) Balance Enquiry

(b) Cash Withdrawal

(c) Online Payment

(d) Cash Deposit

(e) Aadhaar to Aadhaar funds transfer

Q7. Loans against the security of shares, debentures and bonds should not exceed the limit of Rupees _______________ per individual if the securities are held in dematerialised form.

(a) ten lakhs

(b) five lakhs

(c) thirty lakhs

(d) fifty lakhs

(e) twenty lakhs

Q8. The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as?

(a) Economic Policy

(b) Monetary Policy

(c) Fiscal Policy

(d) Credit Policy

(e) Budgetary Policy

Q9. Who amongst the following is the regulator in the financial system of the country?

(a) CERC

(b) SEBI

(c) CRISIL

(d) TRAN

(e) None of the given options is true

Q10. Bank Holidays are covered by which of the following?

(a) As per the order of the GOI

(b) As per the order of the IBA

(c) Negotiable Instruments Act

(d) RBI Act

(e) Banking Regulation Act 1949

Q11. The foreign shareholding in the small finance bank would be as per the FDI policy for _______________ as amended from time to time.

(a) Private Sector Banks

(b) Public Sector Banks 

(c) Foreign Sector Banks 

(d) Regional Rural Banks

(e) All of the above

Q12. The promoter’s minimum initial contribution to the paid-up equity capital of such small finance bank shall at least be ———?

(a) 50 per cent

(b) 40 per cent

(c) 60 per cent

(d) 30 per cent

(e) 20 per cent

Q13. Small Finance Banks will be required to extend ________ of its ANBC to the sectors eligible for classification as priority sector lending (PSL) by the Reserve Bank.

(a) 55%

(b) 35%

(c) 75%

(d) 50%

(e) 10%

Q14. The small finance bank will be subject to all prudential norms and regulations of RBI as applicable to existing commercial banks including requirement of maintenance of CRR and SLR. What is the present rate of SLR?

(a) 20.75 per cent

(b) 19.75 per cent

(c) 20.25 per cent

(d) 19.50 per cent

(e) 21.25 per cent

Q15. FDI is an investment made by a company or individual in one country in business interests in another country. FDI stands for-

(a) Foreign Direct Industries

(b) Fully Direct Investment

(c) Foreign Department Investment

(d) Foreign Direct Installment

(e) Foreign Direct Investment