IBPS RRB Mains Study Planner – Banking Awareness Day 15

1) State Level Bankers’ Committee (SLBC) came into existence under ——— as per RBI guidelines.

a) Lead bank scheme

b) Bankers pension scheme

c) Term & Working Capital Scheme

d) Export Finance Schemes

e) Loan Against Warehouse Receipts

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2) Which one of the following tools is used by RBI for selective credit control?

a) It advises banks to lend against certain commodities

b) It advises banks to recall the loans for advances against certain commodities

c) It advises banks to charge higher rate of interest for advance against certain commodities

d) It discourages certain kinds of lending by assigning higher risk weights to loans it deems undesirable

e) None of these

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3) For which one of the following Loan Products ‘teaser loans’ are offered by Banks?

a) Education Loans

b) Commercial Loans

c) Loans against security of gold

d) Retail Trade Loans

e) Home Loans

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4) Which one of the following has decided to give guarantee for infra loans?

a) IDBI

b) SBI

c) IIFCL

d) SIDBI

e) SEBI

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5) Which of the following schemes is launched by the Government of India to provide an identity to its all resident citizens and also identifying people who are poorest, often the last to stand up to ask for their share in government schemes or lack identity?

a) Public Provident Fund Scheme

b) Indira Gandhi Old Age Pension Scheme

c) Social Security Scheme for Gramin Dak Sevaks

d) M.G. National Rural Employment Guarantee Act

e) Aadhaar Card Scheme

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6) Upper limit prescribed for RTGS transaction is _______.

a) Rs.1 lakh

b) Rs.2 lakh

c) Rs.5 lakh

d) Rs.50 lakh

e) No upper limit is prescribed

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7) What is the full form of ‘FINO’ a term we see frequently in financial newspapers?

a) Financial Investment Network and Operations

b) Farmers’ Investment in National Organisation

c) Farmers Inclusion News and Operations

d) Financial Inclusion Net asset and Operations

e) Financial Inclusion Network & Operations

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8) When the rate of inflation increases _______.

a) Purchasing power of money increases

b) Purchasing power of money decreases

c) Value of money increases

d) Purchasing power of money remains unaffected

e) Amount of money in circulation decreases

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9) Which one of the following may be the consequences of buying forex in the market by the RBI?

a) It leads to inflation

b) It leads to control over inflation

c) It does not affect inflation

d) It results into deflation

e) None of these

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10) Under provisions of which one of the following Acts, the Reserve Bank of India has the power to inspect and supervise and commercial banking sector?

a) RBI Act

b) Banking Regulation Act

c) Negotiable Instrument Act

d) SBI Act

e) Company Act

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11) 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

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12) Which of the following is not considered a money market instrument?

a) Treasury bills

b) Repurchase Agreement

c) Commercial Paper

d) Certificate of Deposit

e) Shares and bonds

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13) Exporters and importers in India are required to know ‘FEMA’ rules. What does the letter ‘M’ denotes in the term ‘FEMA’?

a) Money

b) Market

c) Multi

d) Management

e) Micro

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14) In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?

a) Commercial Banks

b) Co-operative Banks

c) Private Sector Banks

d) Microfinance Institutions

e) Regional Rural Banks

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15) The NAV of a mutual fund ______.

a) is always constant

b) Keeps going up at a steady rate

c) Fluctuates with market price movements

d) Cannot go down at all

e) None of these

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16) Bad debts mean which of the following?

a) Amounts owed to a company that are going to be paid within a month

b) Amounts owed to a company that are not going to be paid

c) Amounts owed to a company that are going to be paid within 1 year

d) Amounts owed to a company that are not going to be paid within 3 years

e) Amounts owed to a company that are going to be paid within 6 months

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17) What is the maximum permissible limit for investment in PPF account in a financial year?

a) Rs.1.5 lakh

b) Rs.2.5 Lakh

c) Rs.3.5 Lakh

d) Rs.1 Lakh

e) There is no limit

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18) ASBA, a facility while applying/submitting an application for purchase of shares under a public issue. Full form of ASBA is ______.

a) Applications Simple Balance Amount

b) Amount Saved and Balance in Account

c) Already Savings by Blocked Amount

d) Applications Supported by Blocked Account

e) Already Supported by Blocked Amount

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19) A Saving Bank Deposit Account is one where ______.

a) Amounts are deposited and are withdrawn as per requirement of the customers

b) The deposits are made only once in a year

c) Periodical Fixed amount are deposited month wise and withdrawals are allowed after a fixed period

d) All the above

e) None of the above

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20) Credit Rating ______.

a) is used to rate the borrowers while giving advances

b) is used to work out performance of the employees

c) is used to calculate the number of excellent audit rated branches

d) is NOT used in any bank

e) is necessary before giving promotion to employees

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