RBI ASSISTANT MAINS STUDY PLANNER – BANKING AWARENESS DAY 5

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 2

Time : 10 Minutes


1.Bad debts in the case of a company means 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 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 not going to be paid within 6 months

2.Which of the following is NOT a bank or finance company?

a) ABN Amro

b) HSBC

c) Lufthansa

d) BNP Paribas

e) Barclays

3. What is the maximum limit for investment in a PPF account in a financial year?

a) Rs. 1 lakh

b) Rs. 1,50,000

c) Rs. 50,000

d) Rs. 60,000

e) There is no limit

4. A cheque remains valid for payment for ____ from the date of issue.

a) 3 months

b) 6 months

c) 9 months

d) 12 months

e) 18 months

5.Which one of the following instruments cannot be transferred from one person to another by endorsement?

a) Fixed Deposit Receipt

b) Cheque

c) Bill of Exchange

d) Promissory Note

e) None of these

6. ‘Crossing’ applies to which of the following instruments?

a) Cheques

b) Bills

c) Promissory Notes

d) Hundies

e) Fixed Deposit receipts

7. Mortgage charge is applicable to which one of the following assets?

a) Stocks

b) Book Debts

c) National Savings Certificates

d) Shares

e) Land and Building

8. What are teaser loans?

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 very low and increases steeply in later years

d) Rate of interest in the later years goes down substantially

e) None of these

9. Which of the following is NOT a function of RBI?

a) Issuance of currency notes

b) To facilities external trade and payment and developing a foreign exchange market in India

c) Maintaining price stability and ensuring adequate flow of credit to productive sectors

d) Taking loans/credit from world Bank/IMF and ADB etc. and reallocating it for various activities decided by the Govt. of India

e) Formulation and monitoring the monetary and credit policy

10. Basel-III norms are associated with which of the following aspects of the banking industry?

a) Risk Management

b) Manpower planning

c) Retirement benefits for the employees.

d) Corporate Governance

e) None of above

11. Which of the following is NOT a banking/finance related term?

a) Credit trap b) EMI

c) Held to Maturity

d) Exposure limit

e) Diffusion

12. Expand the term FLCC

a) Financial Literacy and Credit Counselling

b) Financial Literacy Communication Centre

c) Fiscal Literacy Call Centre

d) Fiscal Literacy and Credit Counselling

e) Fiscal Literacy and Cost Counselling

13. The approach of ‘Micro-Credit’ or ‘Banking with the poor’ is comparatively a new concept in the field of rural credit. This approach has been tried very successfully in which of the following countries?

a) Bangladesh

b) India

c) China

d) Japan

e) Singapore

14. The concept of ‘Micro Credit’ essentially concentrates on

a) consumption smoothening as and when needed

b) providing safe place to hold savings

c) accepting deposits

d) provision of credit to the poor

e) facility to transfer money

15. What is the full form of ULIP?

a) Universal Life & Investment Plan

b) Unit Loan & Insurance Plan

c) Universal Loan & Investment Plan

d) Uniformly loaded Investment Plan

e) Unit Linked Insurance Plan

16. Which of the following is not a part of the scheduled banking structure in India?

a) Private Moneylenders

b) Public Sectors Banks

c) Private Sector Banks

d) Regional Rural Banks

e) State Co-operative Banks

17. Banks with higher proportion of demand deposits will have

a) Low cost money at its disposal

b) Low interest money at its disposal

c) Higher number of current and saving accounts

d)High amount of liquid money

e) All the above

18. What does PPP represent in relation to exchange rates?

a) Public Per Capita Power

b) Per Capita Potential Purchases

c) Purchasing Power Parity

d) Present Purchasing Power

e) None of these

19. With reference to the Non-banking Financial Companies in India, consider the following statements:

I. They cannot engage themselves in the acquisition of securities issued by the Government

II. They cannot accept demand deposits like savings Bank account

Which of the statements given above is/are correct?

a) I only b) II only

c) Both I and II

d) Either I nor II

e) None of the above

20. In the Balance of Payment (BOP), the transfer of payment is included in which of the following?

a) Current Account

b) Capital Account

c) Savings Accounts under Government Schemes

d) Official Reserve Accounts

e) All the above


Click below to check the answers for the Banking Awareness Quiz Day 2

Click Here to View Answer

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