Banking Awareness Quiz For Ibps Banking Concern Exams 2015 – Educate 59

Hi friends,  I am Shravan again. Here I am sharing the Set fifteen questions of General together with Banking Awareness taken from News Papers. Happy Reading 🙂
  1. IFSC inward a check means:
    1. Indian Financial System Code
    2. It has eleven digits alpha numeric
    3. First 4 digits stand upwardly for Bank Name
    4. This code is used inward remitting funds through R TGS together with NEFT
    5. All the above 
  2. “Hundi” is a
    1. Draft
    2. Cheque
    3. Bill of telephone substitution
    4. Promissory banker’s complaint
    5. None of these 
  3. Banking Industry has been declared equally world utility service for role of
    1. Negotiable Instruments ACT, 1881
    2. Reserve banking firm of Republic of Republic of India Act, 1934  
    3. Banking rule Act, 1949
    4. Industrial Disputes Act
    5. None of these 
  4. Bank would prefer to mobilize deposits nether Savings Bank accounts, because:
    1. Account holders volition endure motivated to relieve since savings describe of piece of occupation concern human relationship offering involvement besides
    2. It is a depression cost deposit for the banking firm together with banks tin profitably deploy such funds
    3. Banks desire to inculcate the savings habit amid Earth
    4. All of the inward a higher house
    5. None of the above 
  5. Basic Objective of SEBI is / are:
    1. To promote the interests of investors inward securities
    2. To promote the evolution of Securities Market
    3. To regulate the securities marketplace
    4. To protect the involvement of the investors to better the stock marketplace investments
    5. All of the above 
  6. Customer Day inward the banking firm is on together with customers are allowed to run across the transcend officials of the banking firm on this twenty-four hr menstruum inward every month:
    1. 5th
    2. 10th
    3. 15th
    4. 30th
    5. Any of the inward a higher house dates 
  7. “Allonge” is
    1. A slice of newspaper for making endorsements
    2. A slice of newspaper attached to a negotiable musical instrument for ma-king available to a greater extent than infinite for farther endorsements
    3. Both a together with b
    4. Duplicate DD issued to a client
    5. Bill payable afterward sight 
  8. NEFT is useful because:
    1. The remitter necessitate non post the physical check or Demand Draft to the beneficiary.
    2. The beneficiary necessitate non see his/ her banking firm for depositing the newspaper instruments
    3. The beneficiary necessitate non endure apprehensive of loss/ theft of physical instruments or the likelihood of fraudulent encashment thereof
    4. Cost effective
    5. All the above 
  9. Mutual Fund Scheme that operates continuously without whatever bound entry for subscriptions together with redemptions is:
    1. Fixed Income
    2. Specific Fund
    3. Close Ended
    4. Open Ended
    5. Mixed Fund 
  10. PAN number is required for all transactions above:
    1. Rs. 25,000
    2. Rs. 50,000
    3. Rs. 1 lakh
    4. Rs. 10 lakh
    5. No such restriction 
  11. Banking Ombudsman services are available to:
    1. All Scheduled Commercial Banks
    2. Regional Rural Banks
    3. Scheduled Primary Co-operative Banks
    4. Only a & c
    5. All the above 
  12. An asset, including a leased property becomes non-performing when:
    1. It ceases to generate income for the banking firm
    2. A performance Guarantee issued past times the banking firm on behalf of the borrower is invoked
    3. It is rendered useless due to article of apparel together with tear or its becoming obsolete
    4. The borrower dies
    5. None of the above 
  13. Counter guarantee agency a guarantee obtained:
    1. By banking firm from customers on whose behalf the banks own got to number guarantees inward favour of 3rd parties, such equally regime department, Public bodies, Corporations etc.
    2. By banks from ECGC roofing export run a jeopardy
    3. By banks from the beneficiary of the guarantee inward whose favour the guarantee is to endure issued
    4. A guarantee issued to the guarantor
    5. None of the above 
  14.  Which of the next statements is right almost banks?
    1. Banks cannot bring need together with fourth dimension deposits from public.
    2. Banks tin bring solely fourth dimension deposits from public.
    3. Banks tin bring both need together with fourth dimension deposits from public.
    4. Banks tin bring need together with fourth dimension deposits solely from regime
    5. None of the above 
  15. The RBI issued the next guidelines for effective Asset Liability Management System
    1. Bank should laid upwardly an internal Asset Liability Committee
    2. The commission should endure headed past times CMD or ED
    3. The Management commission of the Board should oversee implementation of the organization
    4. Decision of ALCO is to endure implemented inward missive of the alphabet together with spirit
    5. All of the above 
  16. The major responsibilities of Asset Liability Committee are
    1. Product pricing for deposits together with advances
    2. The grade of maturity profile together with mix of the incremental assets together with liabilities
    3. The commission should besides re-view the iii results together with progress of implementation
    4. All of the inward a higher house
    5. None of the above 
  17. What is “NIKICET”
    1. Share toll Index of Tokyo portion marketplace
    2. Name of Japanese key banking firm
    3. Japanese cite of the county’s planning commission
    4. Foreign Exchange marketplace of Nippon
    5. Only 1 & 4 
  18. Asia’s oldest stock telephone substitution which completed 140 years of operations on 2015 July nine ?
    1. NSE
    2. Hyderabad Stock Exchange
    3. BSE
    4. Madras Stock Exchange
    5. None of these 
  19. The banking firm allowed past times the FIPB to heighten its FIT cap to 55% recently:
    1. ICICI Bank
    2. Andhra Bank
    3. Bank Of Maharastra
    4. Kotak Mahindra Bank
    5. Bank Of Baroda 
  20. Gilt – Edged Market refers to:
    1. The marketplace for regime
    2. Semi-government securities
    3. It carries fixed rates of involvement
    4. Most secured investment
    5. All the above

Read to a greater extent than Banking Awareness Expected Questions from below

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