Banking Awareness for Upcoming Exams Set 13

This set contains banking awareness questions for various upcoming exams like SBI PO, IBPS PO, Clerk and insurance exams.

  1. Payments bank are required to park ___ per cent of their total deposits in SLR securities.
    A) 25%
    B) 50%
    C) 75%
    D) 100%
    View Answer
    Option C
    Explanation
    : Payments bank are required to park 75 per cent of their total deposits in SLR securities and the balance 25 per cent in other instruments as prescribed by the RBI.
  2. In which year was EXIM bank established?
    A) 1990
    B) 1982
    C) 1985
    D) 1969
    View Answer
    Option B
    Explanation
    : 1982
  3. Negotiated Dealing System(NDS) is related to ?
    A) Government Securities Trading
    B) Stock Market Trading
    C) Bank bills trading
    D) Mutual Fund trading
    View Answer
    Option A
    Explanation
    : RBI introduced Negotiated Dealing System (NDS) in February 2002 to automate the process of trading and settlement of Government securities transactions
  4. When a bank invests its fund in government security it is known as?
    A) Hedge Banking
    B) Narrow Banking
    C) Universal Banking
    D) Asset Banking
    View Answer
    Option B
    Explanation
    : Narrow banking would restrict banks to holding liquid and safe government bonds.
  5. What is the maximum tenor for commercial paper?
    A) 3 years
    B) 2 years
    C) 1 years
    D) 182 days
    View Answer
    Option C
    Explanation
    : 7 days – 1 year
  6. Who manages Rural Infrastructure Development Fund (RIDF)?
    A) SEBI
    B) Government of India
    C) RBI
    D) NABARD
    View Answer
    Option D
    Explanation
    : The RIDF was set up by the Government in 1995-96 for financing ongoing rural Infrastructure projects. The Fund is maintained by the National Bank for Agriculture and Rural Development (NABARD).
  7. ___________ is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank.
    A) CORE
    B) CBS
    C) NFT
    D) LAN
    View Answer
    Option B
    Explanation
    : Core Banking Solution
  8. IN which year Regional Rural Banks were established?
    A) 1990
    B) 1985
    C) 1969
    D) 1975
    View Answer
    Option D
    Explanation
    : 2 October 1975
  9. RBI started the system of Ombudsman to resolve grievance of customers in which year?
    A) 1990
    B) 1995
    C) 2000
    D) 2001
    View Answer
    Option B
    Explanation
    : 1995
  10. Which of the following is the accounting period of RBI?
    A) January-December
    B) April-March
    C) July-June
    D) October-September
    View Answer
    Option C

 

Related posts

/