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%
   
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   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
   
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   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
   
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   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
   
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   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
   
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   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
   
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   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
   
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   Option B
   Explanation: Core Banking Solution
8. IN which year Regional Rural Banks were established?
   A) 1990
   B) 1985
   C) 1969
   D) 1975
   
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   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
   
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   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
    
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    Option C