Important Banking Awareness Questions for SBI PO and Upcoming bank exams like NIACL Assistant, NICL AO, IBPS PO, IBPS RRB, etc. As questions from Banking Awareness is asked in all banks and insurance exams it is important to know some banking terms and concepts.
- The portion of Net Demand and Time Liability that the bank has to maintain with RBI is called ____
A) SLR
B) CRR
C) Repo
D) Reverse Repo
- A ________ is the duration in the loan term when the borrower doesn’t have to pay any repayment or EMI.
A) Re-phrasing
B) Waiver
C) moratorium period
D) Interest phrasing
- Which of the following deposit is most liquid?
A) Term Deposit
B) Recurring Deposit
C) Deposit in Savings Account
D) All are equally liquid
- Which of the following is not a money market instrument?
A) T-bills
B) Commercial Papers
C) Certificate of Deposit
D) Equity shares
- Interest free deposit is allowed in _____
A) Savings Account
B) Current Account
C) Term Deposit Account
D) Both A and B
- How is the computation of interest on savings bank deposits done by scheduled commercial banks?
A) yearly basis
B) quarterly basis
C) monthly basis
D) daily basis
- What is the minimum period for which scheduled commercial banks can pay interest on term deposits?
A) montly basis
B) quarterly basis
C) semi-annually basis
D) yearly basis
- Banks are permitted to offer differential rates of interest on NRE term deposits of _____ and above.
A) Rs 5 lakh
B) Rs 10 lakh
C) Rs 15 lakh
D) Rs 20 lakh
- What interest is paid under the deposit made under the PMGKDS 2016?
A) 2%
B) 4%
C) Same as Repo Rate
D) No Interest
- The deposits made under the PMGKDS 2016 is held in the ________ Account maintained with Reserve Bank of India.
A) Bond Ledger Accounts
B) Saving Account
C) Money Restriction Account
D) Special Deposit Account
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