RBI ASSISTANT MAINS STUDY PLANNER – BANKING AWARENESS DAY 6

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 6

Time : 10 Minutes

1. Name the department that was set up by Union Finance Ministry to streamline government borrowings and better cash management with the overall objective of deepening bond markets.

a) Debt Management Cell

b) Department of Debt Management

c) Cell for management of debt

d) All the above

e) None of the above

2. Fiscal policy in India is formulated by   

a) The Reserve Bank of India

b) The Planning Commission

c) The Finance Ministry

d) The Securities and Exchange Board of India

e) None of these

3.  The Business Correspondence Model being adopted by the banks provides Banking facilities to which of the following?

a) Only Corporate Borrowers

b) Only Weaker sections of the society and people from small villages

c) Only those who are taking housing loans

d) All a, b and c  

e) None of these  

4. What is the full form of SHG?

a) Small Help Groups b) Self Help Group

c) Small Hope Grants d) Self Hope Groups

e) Small Hope Groups

5. Which of the following agencies/organisations in India maintains the Micro Finance Development and Equity Fund?

a) Confederation of Industries in India (CII)

b) Indian Banks Association (IBA)

c) Small Industries Development Bank of India (SIDBI)

d) Reserve bank of India (RBI)

e) National Bank for Agriculture and Rural Development (NABARD)

6. Credit cards are known as

a) Hard money b) Easy money

c) Soft money d) Plastic money

e) Real money

7. The lock-in period in case of a term deposit means –

a) Locker service is not available

b) Premature withdrawal is not possible

c) Another account cannot be opened

d) No further investment is possible

e) None of these

8. When more than one bank are allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as :

a) Participation

b) Consortium

c) Syndication

d) Multiple Banking

e) None of these

9. Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means :

a) Sale of  Govt. securities

b) Issuance of different denominations of currency notes

c) Auction of gold

d) To make available direct finance to borrowers

e) None of these

10. The bank rate means:

a) Rate of interest charged by commercial banks to borrowers

b) Rate of interest at which commercial banks discount bills

c) Rate of interest allowed by commercial banks on their deposits

d) the rate of interest, which is charged by the Central bank on the loans, it advanced to commercial banks and other financial institutions.
e) None of these

11. What is an Indian Depository Receipt?

a) A deposit account with a public sector bank

b) A depository account with any of Depositories in India

c) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

d) An instrument in the form of deposit receipt issued by Indian Banks

e) None of these

12. An instrument that derives its value from a specified underling asset (currency, gold, stocks etc) is known as:

a) Derivative

b) Securitisation Receipts

c) Hedge Fund

d) Factoring

e) None of these

13. Fiscal deficit is :

a) Total income less Govt. borrowing

b) Total payments less total receipts

c) Total payments less capital receipts

d) Total expenditure less total receipts, excluding borrowing

e) None of these

14.  In the Capital Market, the term arbitrage refers to:

a) Purchase of securities to cover the sale

b) Sale of securities to reduce the loss on purchase

c) Simultaneous purchase and sale of securities to make profits from price variation in different markets

d) Settlement of disputes

e) Any of the above

15. Reverse repo means:

a) Injecting liquidity by the Central Bank of country through purchase of Govt. securities

b) Absorption of liquidity from the market by sale of Govt. securities.

c) Balancing liquidity with a view to enhance economic growth rate

d) Improving the position of availability of the securities in the market.

e) Any of the above

16. The stance of RBI monetary policy is :

a) Maintaining price stability, while keeping in mind the objective of growth.

b) Improving credit quality of the banks

c) Strengthening credit delivery mechanism

d) Supporting investment demand in the economy

e) Any of the above

17. Currency Swap is an instrument to manage :

a) Currency risk

b) Interest rate risk

c) Currency and interest rate risk

d) Cash flows in different currencies

e) All the above

18. “Sub-prime” refers to:

a) Lending done by banks at rates below PLR

b) Funds raised by the banks at sub-Libor rates

c) Group of banks which are not rated as prime banks as per Bankers Almanac

d) Lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards

e) All of the above

19. Euro Bond is an instrument :

a) Issued in the European market

b) Issued in Euro currency

c) Issued in a country other than the country of the currency of the Bond

d) All of the above

e) None of these

20. Money Laundering normally involves _______.

a) Placement of funds

b) Layering of funds

c) Integration of funds

d) All of a, b and c

e) None of the above

Check the answers for the above questions from the below link. 

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