Banking Awareness Questions Answers IBPS PO Clerk VII 2017 - Set 3

Advanced 467 Reasoning Puzzles Book SBI PO 2018

Banking Awareness Questions and Answer

Banking Awareness Questions Answers are providing for all banking exams and interviews in 2017 - 2018. These are some important Banking Awareness Questions and Answers providing by our Banking Expert Team is useful for all banking exams and It is specially designed according to the Syllabus of RRB, IBPS/SBI PO, and Clerk 2017-2018.

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Banking Awareness Questions Answers Set 3

1. Person named in the instrument to whom or to whose order the money is to be paid is known as ______. 
A. Drawer
B. Drawee 
C. Payer 
D. Payee

2. Indian Depository Receipt (IDR) is the 
A. Proof of an Indian company‘s share 
B. Is an unsecured money market instrument 
C. Proof of ownership of foreign company‘s share 
D. Proof of earnings or profits of Indian Companies

3. The purpose of setting up Narasimhan Committee - 2 was? 
A. Efficiency and productivity 
B. Banking reform process 
C. Export of IT sector 
D. Fiscal Reform process 
E. None of these

4. These are the lowest risk category instruments for the short term. RBI issues them at a prefixed day and for a fixed amount. 
A. Commercial Bills 
B. Certificate of deposits 
C. Letter of Credit 
D. Treasury Bills

5. Insurance cover for bank deposits in India is provided by 
A. LIC B. GIIC 
C. NICL 
D. DICGC

6. CRR and SLR are related to 
A. Capital Market 
B. Commodities Market 
C. Money Market 
D. None of these

7. The following is not a primary function of a bank 
A. Facilitating import of goods 
B. Remittance facility 
C. Safe custody of articles 
D. Foreign Exchange

8. These are assets which cannot be seen, touch are measured physical. 
A. Intangible Assets B. 
Fictitious Assets 
C. Tangible Assets 
A. Rs.2 lakh 
B. Rs.10000 
C. Rs.2000 
D. No limit

10. One percent of shareholding in NABARD is by 
A. Union Government 
B. RBI 
C. NHB 
D. None of these

Banking Awareness Answers Set 3

1.A   2. C   3. B   4. D   5. D   6. D   7. A   8. A   9. D   10. B