RBI ASSISTANT MAINS STUDY PLANNER – BANKING AWARENESS DAY 2

Dear Banking Aspirant,

The exam which is hard to crack is here and the mains exam is still few days away and you have to prepare for that hard to crack the exam because the competition is higher and the number of candidates attending the mains exam for each state is less when compared to the prelims Examination.

This is one of the important exams and this will be the start for the IBPS CLERICAL MAINS EXAM which will happen in the new year. So start your preparations now with the RBI ASSISTANT Mains Planner and prepare for the exams. The Clerical Exam will be over and after that you still have to start your preparations for the RBI ASSISTANT mains exam so start from now on. You will be able to attend the questions if there is constant preparations are there.

We have planned this planner in such a way that this will cover all the current affairs from the month of September to November and the last two days will have quizzes from the month of December till 15th. So we have got the whole topics covered and this will be your key to crack the exam, because current affairs, banking awareness and Computer awareness equals to a total of 80 marks in the mains examination. As you all know the exams are getting tougher and we have to be prepared for any scenarios , so prepare hard for this RBI ASSISTANT MAINS EXAMINATION 2017 and crack the exam with your constant preparations.

RBI ASSISTANT MAINS STUDY PLANNER

Banking Awareness Day 2

Time : 10 Minutes

1. Which one of the following statements is true?

a) Banks cannot accept demand and time deposits from public

b) Banks can accept only demand deposits from pubic

c) Banks can accept only time deposits from public

d) Banks can accept both demand and time deposits from public

e) Banks can accepts demand and time deposits only from government

2. Which one of the following is the correct statement?

a) State bank of India is the sole authority to issue and manage currency in India

b) A Nationalized bank is the sole authority to issue and manage currency in India

c) A co-operative bank is the sole authority to issue and mange currency in India

d) RBI is the sole authority to issue and mange currency in India

e) None of these

3. Interest payable on savings bank accounts is _______.

a) Not regulated by RBI

b) Regulated by State Government

c) Regulated by Central Government

d) Regulated by RBI

e) Regulated by Finance Minister

4. The usual deposit accounts of banks are ________.

a) Current accounts, electricity accounts and insurance premium accounts

b) Current accounts, Post office savings bank accounts and term deposit accounts

c) Loan accounts, savings bank accounts and term deposit accounts

d) Current accounts, savings bank accounts and term deposit accounts

e) Current bill accounts and term deposit accounts

5. Fixed deposits and recurring deposits are ______.

a) Repayable after an agreed period

b) Repayable on demand

c) Not repayable

d) Repayable after death of depositors

e) Repayable on demand or after an agreed period as per bank’s choice

6. Accounts are allowed to be operated by cheques in respect of ________.

a) Both saving bank accounts and fixed deposit accounts

b) Both Savings bank accounts and current accounts

c) Both savings bank accounts and loan accounts

d) Both savings bank accounts and cash accounts only

e) Both current accounts and fixed deposit accounts

7. Which one of the following is the correct statement?

a) Normally no interest is paid on current accounts

b) Interest is paid on current accounts at the same rate as term deposit accounts

c) The rate of interest on current account and savings account are the same

d) No interest is paid on any deposit by the bank.

e) Savings deposits are the same as current deposits

8. Mortgage is a ________.

a) Charge on a movable property, for a loan given by a bank

b) Charge on an immovable property, for a loan given by a bank

c) Concession on an immovable property, for a loan given by a bank

d) sale of an immovable property for a loan given by a bank

e) Security on immovable property for a deposit received by a bank

9. Which of following is known as cross selling by Banks?

I.Sale of a debit card to a credit card holder

II. Sale of Insurance policy to a depositor /borrower

III. Assurance of Cash against policy for a Cheque presented by a third party

a) Only I

b) Only II

c) Only III

d) Both I and III

e) All I, II and III

10. When a bank returns a cheque unpaid, it is called _________.

a) Payment of the cheque

b) Drawing of the cheque

c) Cancelling of the cheque

d) Dishonour of the cheque

e) Taking of the cheque

11. Which of the following types of accounts are known as ‘Demat Account?

a) Accounts which are Zero Balance Accounts

b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there

c) An account through which shares of various companies are traded and held in electronic form

d) Accounts which are operated through internet banking facility

e) None of these

12. Interest on saving bank account is now calculated by banks on ______.

a) Minimum balance during the month

b) Minimum balance from 7^th to last day of month

c) Minimum balance from 10^th to last day of the month

d) Maximum balance during the month

e) Daily product basis

13. Largest shareholder (in percentage shareholding) of a nationalized bank is _____.

a) RBI

b) NABARD

c) LICI

d) Govt. of India

e) IBA

14. Banks normally publicise offer of additional interest rate on retail domestic term deposits of :

a) Minors

b) Married women

c) Senior citizens

d) Govt. employees

e) Rural residents

15. A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as :

a) Investment banking

b) CORE banking

c) Mobile banking

d) National Banking

e) Specialized banking

16. Which of the following is NOT a function of a commercial bank?

a) Providing project finance

b) Settlement of payments on behalf of the customers

c) Deciding policy rates like CRR, SLR, & Repo Rates

d) Issuing credit/debit/ATM cards

e) Providing services such as locker facilities, remittances

17. Which is the ideal definition of money laundering?

a) Conversion of assets into cash

b) Concealing the source of funds which is illegally obtained

c) Conversion of cash into gold

d) Conversion of gold into cash

e) Conversion of gold with foreign currency

18. ‘C’ stands for in the following term ‘NACH’

a) Clearing

b) Crossing

c) Cheque

d) Current

e) Credit

19. Which one of the following is not a measure taken by Reserve Bank of India to control inflation in our country?

a) Increase in CRR

b) Increase in SLR

c) Contraction of supply of currency

d) Raising of Repo Rate

e) Decrease the SLR

20. What type of loan is normally granted by banks for purchase of white goods?

a) Consumption loan b) Mortgage loan

c) Consumer durables loan d) Home loan

e) None of these

Click below to check the answers for the Banking Awareness Quiz Day 2

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