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. In case of original demand draft is presented after the duplicate has already been paid, the bank will _______?
(a) Pay the original demand draft
(b) Pay the original demand draft as well and recover the amount from the purchase on the strength of the indemnity bond
(c) Return with remarks “Draft reported lost, duplicate already paid will pay on collecting bank’s guarantee. In case the original draft is again presented, it should be honoured.”
(d) Return with the remarks payment stopped by the payee
(e) None of the above
Q2. The Central Bank of India is ______?
(a) The Reserve Bank of India
(b) The State Bank of India
(c) The Andhra Bank
(d) Central Bank of India
(e) None of the above
Q3. Stock exchange securities do not include?
(a) Debentures certificates
(b) Small debentures issued by port trusts
(c) Government promissory notes
(d) Reverse Repo Rate
(e) None of the above
Q4. The Definition of ‘Banking’ is given in-
(a) Negotiable Instrument Act, 1881
(b) RBI Act, 1934
(c) The Banking Regulation Act, 1949
(d) Contract Act
(e) None of the above
Q5. When was SBI established?
(a) April 1, 1935
(b) July 31, 1969
(c) May 5, 1955
(d) July 1, 1955
(e) None of the above
Q6. Which of the following acts is useful in controlling HAWALA transactions?
(a) FEMA Act
(b) RBI Act
(c) DICGC Act
(d) Banking Regulation Act
(e) None of the above
Q7. What does the term SME stand for?
(a) Small and Micro Enterprises
(b) Small and Medium Enterprises
(c) State and Medium Economy
(d) Small and Medium Economy
(e) None of the above
Q8. Often, we read in the newspapers that several Indian companies are taking the FCCB route to raise capital. What does the term FCCB stand for?
(a) Foreign Currency Convertible Bond
(b) Foreign Convertible Credit Bond
(c) Financial Consortium and Credit Bureau
(d) Future Credit and Currency Bureau
(e) None of the above
Q9. In banking parlance, ‘NPA’ stands for?
(a) Non Performing Asset
(b) Net Producing Asset
(c) Net Performing Asset
(d) Not Promoting Asset
(e) None of the above
Q10. LAF is an indirect instrument of monetary policy, which is used by RBI to regulate the liquidity in banking system. ‘LAF’ stands for-
(a) Liquidity Adjustment Facility
(b) Liquidity Account Facility
(c) Liquidity Allotment Facility
(d) Long Adjustment Feature
(e) None of the above
Q11. Refinance facility is provided by NABARD. Which institutions can avail this facility?
(a) State cooperative banks
(b) Regional rural banks
(c) Commercial bank
(d) All of the above
(e) Other than the given options
Q12. Kisan Credit Cards are an effective way of reaching out to the farmers by the banks. What assistance does the farmer receive in this way?
(a) Credit facility for crops etc against an approved limit
(b) Short-term credit facility against value of his crops
(c) Long-term credit is provided against his land holdings
(d) Loan is permissible against crops sold, but payment yet to be received by the farmer
(e) Other than the given options
Q13. Which of the following is true?
(a) NBFCs can accept deposits from the public
(b) NBFCs cannot offer deposit schemes to the public
(c) Deposits of NBFCs are insured with DICGC
(d) NBFCs can accept deposits from public if they are registered and permitted by RBI
(e) Other than the given options
Q14. Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up this ‘Base rate’ for banks?
(a) Individual Banks’ Board
(b) Ministry of Commerce
(c) Ministry of Finance
(d) RBI
(e) Interest Rate Commission of India
Q15. The financial assistance of loans of Rs.10000 by bank to a small borrower will be called……….?
(a) business finance
(b) government finance
(c) micro finance
(d) small finance
(e) KYC finance
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