RBI ASSISTANT MAINS STUDY PLANNER – BANKING AWARENESS DAY 4

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 4

Time : 10 Minutes

1. Monetary policy as an arm of the economic policy is administered by

a) Government of India

b) Reverse Bank of India

c) State Bank of India

d) Governments of the respective states

e) None of these

2. As reported in some major financial newspapers, many times it is said that ‘Other Income’ boosts the profit of a bank to a substantial level. What is this other income for a bank? Pick up the options(s) which are the part(s) of this other income.

i) Commission for selling insurance policies

ii) Fee for providing various services (like ATM/Extra cheque etc)

iii) Interest on advances and loans

a) Only I

b) Only ii

c) Both (i) and (ii)

d) Only iii

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

3. Which of the following represent correct meaning of ‘REPO RATE’?

a) Rate on which RBI sells Government Securities to banks

b) Rate at which RBI lends to commercial banks

c) Rate offered by banks to their prime customer

d) Rate applicable for grant of priority sector loans

e) None of these

4. Reserves which can act as a liquidity buffer for commercial banks during crisis times are

a) CAR

b) CRR

c) CAR & CRR

d) CRR & SLR

e) SLR

5. Savings bank accounts are opened by:

a) Trading entities, manufacturing entities and individuals for saving purpose

b) Traders and manufacturers for business purpose

c) Individuals for saving

d) Limited companies and partnerships for savings purposes

e) Cooperative banks for savings

6. What does EMI stand for?

a) Equated Money Index

b) Easy Money Instalment

c) Equated Monthly Instalment

d) Equal Monthly Instalment

e) Equal Minimum Instalment

7. CASA deposits refer to:

a) Demand deposits

b) Term deposits

c) Hybrid deposits

d) Recurring deposits

e) Special schemes of banks

8. What is the meaning of NAV?

a) Net Annual Value

b) Non Asset Value

c) Net Actual Value

d) Net Asset Value

e) Net Average Value

9. If the CRR is reduced by 1%, what will be its impact on the economy?

a) Less liquidity in the market

b) More liquidity in the market

c) No change in the liquidity in the market

d) Mobilization of more deposits by commercial-banks

e) None of these

10. Despite large number of ATMs, many people still visit the bank branches. Which of the following reason can be attributed to this issue?

I. It does not accept deposits

II. It has a limited cash disbursement capacity

III. Lack of human interface.

a) Only I

b) Only II

c) Only I and II

d) Only I and III

e) All I, II and III

11. Whose signature is found on a 50 rupee currency note in India?

a) President of India

b) Governor, RBI

c) Finance Minister

d) Prime Minister of India

e) Secretary, Ministry of Finance

12. Among the following institutions, whose core activity is granting of Housing Loans?

a) RBI

b) SBI

c) IBA

d) ICICI

e) HDFC

13. Which one of the following terms is not a banking terminology?

a) Repayment

b) Loan

c) NPA

d) Manufacturing

e) Deposit

14. Almost all banks in our country have introduced _____ facility for granting crop loans to farmers.

a) Term loans

b) Kisan Credit Cards

c) Bank Guarantee

d) Foreign Exchange

e) Reverse Mortgage

15. What is the full form of ‘ECB’?

a) Essential Commercial Banking

b) European Credit Borrowing

c) External Credit Business

d) External Commercial Borrowing

e) None of these

16. What is the minimum and maximum limit (in rupees) prescribed by RBI for RTGS transactions?

a) The minimum is 1 lakh and the maximum is 10 lakh

b) The minimum is 25000 and the maximum is 1 lakh

b) The minimum is 2 lakh and there is no maximum limit

d) The minimum is 25000 and there is no maximum limit.

e) The minimum is 10 lakh and maximum is 100 lakh

17. A bank branch receives a counterfeit note of Rs. 100 from the customer, which he wants it back. Which of the following actions should be taken by the Bank?

a) Will return to customer

b) Will impound and not return

c) Will ask for exchange of note

d) Will replace with genuine note

e) Will check all the notes in possession with the customer which are not being deposited also

18. Which of the following is not a mode of inflow of foreign funds into India?

a) FDI

b) NRI

c) FII

d) No frills accounts

e) None of these

19. Cheque truncation can be done by?

a) Using MICR data

b) Sending cheque by speed post

c) Using image processing

d) Both (a) and (b)

e) None of the above

20. Which one of the following Banks was not nationalised in 1969?

a) Punjab National Bank

b) Bank of India

c) State Bank of India

d) Bank of Baroda

e) Bank of Maharashtra

Click below to check the answers for the Banking Awareness Quiz Day 4

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