RBI ASSISTANT MAINS STUDY PLANNER – BANKING AWARENESS DAY 1

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 1

Time : 10 Minutes

1. As we all know DIPP is the nodal agency in the field of foreign investments in India. What is the full form of DIPP?

a) Department of Industrial Policy and Promotion

b) Department of Industrial Procedures and Promotion

c) Directorate of Industrial Procedures and Promotions

d) Directorate of Industrial Policy and Publicity

e) Directorate of Industrial Procedures and Publicity

2. Which of the following terms is NOT used in Economics?

a) Balance of Payment b) Call Money

c) National Debt

d) Elasticity of Demand

e) Boyle’s Law

3. What is the full form of ‘NBFC’ as used in the Financial Sector?

a) New Banking Finance Company

b) National Banking and Finance Corporation

c) New Business Finance and Credit

d) Non Business Fund Company

e) None of the above

4. A major Public Sector Bank raised interest rates on loans by 25 basis points – was news in some major financial newspapers recently. This means bank has raised interest by 25 basis points of

a) Savings Bank Interest Rate

b) Base Lending Rate

c) Repo Rate

d) Present Rates on Deposits

e) Discounted rates of interest

5. Government may reduce its budgetary deficit by various measures. Which of the following is NOT one such measure?

a) Market borrowing

b) Deficit financing

c) Foreign grants

d) Increasing taxes

e) Reducing taxes and increasing subsidies

6. What does the letter ‘L’ denote in term ‘LAF’ as referred every now and then in relation to monetary policy of the RBI?

a) Liquidity

b) Liability

c) Leveraged

d) Longitudinal

e) Linear

7. Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time. In Banking World this is known as-

a) CRR

b) Fixed Asset

c) SLR

d) PLR

e) None of these

8. Some banks have started issuing Biometric ATM Cards to its customers. To which type of account holders Biometric cards are generally issued?

i) Illiterates

ii) Sick and old persons

iii) Inoperative account holders

a) Only (i)

b) Only (ii)

c) Only (iii)

d) Both (i) and (ii)

e) All (i), (ii) and (iii)

9. ‘L’ stands for the following banking term ‘ALM’

a) Liability b) Long term

c) Lending d) Liquidity

e) None of these

10. If PAN details are not provided, the TDS is deducted at which of the following rates?

a) 10% b) 20%

c) 10% for senior citizens and 20% for others

d) 10% plus 10% surcharge

e) None of these

11. Lending to Micro Finance Institutions by Bank considered as finance to

a) Non Priority Sector

b) Priority Sector

c) Commercial Sector

d) Agriculture Sector

e) None of these

12. Which of the following was the reasons owing which base rate was introduced?

i) BPLR, system fell short of RBIs objective bringing transparency in lending rates.

ii) Under BPLR system it was difficult for RBI to access transmission of policy rates.

iii) BPLR system was not beneficial to the customers

a) Only (i)

b) Only (ii)

c) Only (i) and (ii)

d) Only (ii) and (iii)

e) All (i), (ii) and (iii)

13. Which of the following is/are various components/channels of the monetary policy of the RBI?

I) Altering Money Supply

II) Credit Availability

III) Influencing exchange rates

a) Only (I) and (II)

b) Only (II) and (III)

c) Only (I) and (III)

d) Only (I)

e) All (i), (ii) and (iii)

14. Which of the following is/are called Key Policy rates by the Reserve Bank of India?

i) Bank rate

ii) Repo rate, Reverse repo rate

iii) CRR, SLR

a) Only (i)

b) Only (ii)

c) All (i), (ii) and (iii)

d) Only (iii)

e) Only (i) and (iii)

15. The loan amount in case of a reverse mortgage is decided taking into account which of the following?

i) Value of House Property

ii) Age of the borrower

iii) Prevalent interest rates

a) Only (i) b) Only (ii)

c) Only (iii)

d) All (i), (ii) and (iii)

e) None of these

16. Which of the following is/are the security features of the bank Notes used in India?

i) Security thread

ii) Micro lettering

iii) Intaglio Printing

a) Only (i)

b) Only (ii)

c) All (i), (ii) and (iii)

d) Only (i) and (iii)

e) Only (ii) and (iii)

17. Which one of the following will setup core banking infrastructure for rural banks?

a) RBI

b) NABARD

c) SIDBI

d) IBA

e) None of these

18. The letter ‘F’ denotes which of the following in the term IFRS.

a) Formative

b) Formal

c) Functional

d) Fiscal

e) Financial

19. Which among the following is not an institution of Indian Money Market?

a) Reserve Bank of India

b) Bill Brokers

c) Merchant Bankers

d) Non-Banking Intermediaries

e) SEBI

20. Which one of the following is not a function of the central bank in an economy?

a) Dealing with foreign exchange

b) Controlling monetary policy

c) Controlling government spending

d) Acting as a banker’s bank

e) Issuer of currency

Click below to check the answers for the Banking Awareness Quiz Day 1

To know more about the official languages of the regions , please read the following link to check the languages list.

RBI Assistant 2017 Notification Released

You can check the perks of being a RBI Assistant and the emoluments of the premier banking institution from the link given below.

PERKS OF BEING AN RBI ASSISTANT – SALARY,EMOLUMENTS, ALLOWANCES AND CAREER PROGRESSION