RBI ASSISTANT MAINS STUDY PLANNER – BANKING AWARENESS DAY 3

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 3

Time : 10 Minutes

1. What is a stale cheque?

a) A cheque issued without drawer’s signature

b) A cheque with only signature of the drawer without mention of amount, payee etc

c) A cheque which has completed three months from its date of issue

d) A six months’ post dated cheque

e) Any one of these

2. Which one of the following is a ‘material alteration’ of a negotiable instrument?

a) Altering the amount payable, on the instrument

b) Converting a bearer cheque to order cheque

c) Crossing of an uncrossed cheque

d) Writing an amount on a blank cheque

e) Putting a signature on the back of a cheque

3. Which one of the following constitutes the largest percentage of Retail loans in India?

a) Auto loans

b) Personal loans

c) Personal overdrafts

d) Consumer loans

e) Home loans

4. Credit risk to the bank is high from which of these cards?

a) Debit cards

b) Credit cards

c) ATM cards

d) All the above

e) None of these

5. Depreciation of an asset occurs due to _____.

a) Fire in the unit

b) Theft

c) Labour Trouble

d) wear and tear.

e) None of these

6. Which of the following is NOT a source of funds for a commercial bank?

a) Capital

b) Borrowing from RBI

c) Call money borrowings

d) Deposits

e) Cash Reserve with RBI

7. Which one of the following is a worldwide Credit Card network?

a) Indian card

b) Master card

c) SBI card

d) City Bank Cards

e) BOB card

8. Which one of the following is not an electronic Banking delivery channel?

a) Mobile Vans

b) Mobile Phone Banking

c) Internet Banking

d) Tele Banking

e) ATM

9. The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the _______

a) Exchange rate

b) CRR

c) Call money rate

d) Base rate

e) SLR

10. Crossing of a cheque can be cancelled by the ______ of the cheque, under his full signature.

a) Payee

b) Drawee

c) Endorser

d) Holder

e) Drawer

11. Banks which can undertake foreign exchange business directly are known as ______ in foreign exchange

a) Authorised dealers

b) Foreign dealers

c) Overseas branches

d) Approved dealers

e) Exchange branches

12. Insurance cover for bank deposits upto Rs 1lakh in our country is provided by:

a) SBI

b) Govt. of India

c) GIC

d) LICI

e) DICGC

13. Loan of small amount given to members of low income groups is called ____

a) Cash credit

b) Micro credit

c) Simple overdrafts

d) No frills loans

e) Rural credit

14. When a banker talks about CDR, what is he talking about?

a) Corporate Debt Restructuring

b) Corporate Debt Rollover

c) Company Debt Rollover

d) Corporate Deposit Restructuring

e) Company Deposit Restructuring

15. Expand the term ALM as used in banking/finance sector?

a) Asset Liability Management

b) Asset Liability Maturity

c) Asset Liability Mismatch

d) Asset Liability Manpower

e) Asset Liability Maintenance

16. Cash reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/markets?

a) Capital Market

b) Banking industry

c) Commodities market

d) Money Market

e) Mutual fund industry

17. What is the maximum period for which domestic term deposits are normally accepted by banks in our country?

a) 3 years

b) 5 years

c) 7 years

d) 10 years

e) 12 years

18. The Banking ombudsman is ______.

a) Is in charge of bank loans for buses

b) Fixes the rates on interest for loans

c) Resolves complaints of customers

d) Issues licences for new bank branches

e) Is the head of all nationalised banks

19. Which of the following is NOT classified as a scheduled commercial bank?

a) Public sector bank b) Foreign bank

c) Private sector bank d) Regional rural bank

e) Primary agricultural credit societies

20. Which of the following is not in the business of Banking?

a) HDFC

b) IDBI

c) YES

d) SEBI

e) ICICI

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