IBPS RRB Mains Study Planner – Banking Awareness Day 14

1) For which one of the following reasons Basel II norms are to be followed by Commercial Banks?

a) Risk management

b) Adoption of international accounting standards

c) Restriction on bonus payments to bank executives

d) Transparency in disclosures

e) None of these

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2) The RBI reviews its credit and monetary policy at regular intervals and also in between. What is the purpose of the same?

A) To ensure that inflation does not cross the limit

B) To ensure that banks have enough liquidity

C) To ensure that cost of the fund does not reach a very high level.

a) Only A

b) Only B

c) All A, B and C

d) Only B and C

e) None of these

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3) Which one of the following will set up core banking infrastructure for rural banks?

a) RBI

b) NABARD

c) SIDBI

d) IBA

e) SEBI

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4) The cabinet committee approved the ‘IGMSY’ a scheme for the welfare of the people of India. Who amongst the following will get the benefit of the scheme?

a) Mother and pregnant women

b) Children upto 12 years of age

c) Youth & Employers

d) Old and Senior Citizens

e) All the above

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5) The Government of India provides direct financial support to which of the following schemes?

a) Jeevan Bharati Scheme

b) ULIP

c) Sampoorna Grameen Rozgar Yojana

d) Packing Credit Guarantee Scheme

e) All the above

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6) On which one of the following issues can SEBI penalize any company in India?

A) Violation of Banking Regulation Act

B) Violation of foreign portfolio investment guidelines

C) For violation of Negotiable instrument Act

a) Only A

b) All A, B and C

c) Only A and B

d) Only B and C

e) Only B

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7) In the option of the Governor of Reserve Bank of India, which one of the following is the reason owing to which India’s inflation is accelerating?

a) Excess liquidity in market

b) Speculation in essential goods

c) Higher food cost

d) Commodities futures

e) None of these

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8) In opinion of the RBI, which one of the following is/are a threat to the smooth functioning of Indian Companies?

A) Rising input costs

B) High Interest rates

C) Inflation only

a) Only A

b) Only B

c) Both A and B

d) Only C

e) All A, B and C

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9) What are teaser loan rates charged by banks?

a) Fixed rate of interest charged by banks

b) Floating rate of interest charged by banks

c) Rate of interest in the initial period is less and goes up subsequently

d) Rate of interest in the initial period is more and it goes down subsequently

e) None of these

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10) On which one of the following subjects Pranab Sen Committee has submitted its recommendations to the Government of India?

a) MGNREGA

b) Food Security

c) Inflation

d) Food processing industries

e) Slum

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11) What is the full form of the term LIBOR as used in financial/banking sectors?

a) Local Indian Bank Offered Rate

b) London-India Bureau of Regulations

c) Liberal International Bank Official Ratio

d) London Inter Bank Offered Rate

e) London Intra Bank Offered Rate

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12) Expand the term FSDC which is used in financial sectors?

a) Financial Security and Development Council

b) Financial Stability and Development Council

c) Fiscal Security and Development Council

d) Financial Security and Develop Council

e) Financial Stability and Development Committee

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13) Which of the following statement is true?

a) Banks cannot accept demand and time deposits from public

b) Banks can accept only demand deposits from public

c) Banks can accept only time deposits from public

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

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

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14) To ensure hassle-free benefits to farmers under Interest Subvention Scheme, the banks are advised to ————–mandatory for availing short-term crop loans in 2017-18

a) have kisan credit card

b) have pan card

c) have minimum deposit

d) Aadhar linkage

e) give bancassurance

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15) Which 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 manage currency in India

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

e) None of these

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16) Accounts are allowed to be operated by cheques in respect of

a) Both Savings bank accounts and fixed deposit accounts

b) 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

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17) Which of the following is correct statement?

a) Normally no interest is paid on current deposit 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

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18) Which of the following carries out ‘Open Market Operations’?

a) Finance Ministry

b) External Affairs Ministry

c) Reserve Bank of India

d) Planning Commission

e) Ministry of Commerce

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19) 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

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20) Commercial papers are issued by –

a) A company to a bank

b) Banks to companies

c) Banks to banks

d) Company to its suppliers

e) All of the above

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