Banking Awareness Questions Answers SBI IBPS 2017 - Set 6

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Banking Awareness Questions and Answer SBI IBPS

Banking Awareness Quiz 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 VII 2017-2018.

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Banking Awareness Questions Answers Set 6

Q 1. Full form of 'CORE' in core banking services (CBS)?
(1) Channel of Rupee Exchange.
(2) Customer Online Realtime Exchange.
(3) Centralized Online Rupee Exchange.
(4) Centralized Online Realtime Exchange.
(5) Customer Online Rupee Exchange.

Q 2. Which of the following maintains the RIDF (Rural Infrastructure Development F)?
(1) RBI 
(2) IDBI 
(3) SIDBI 
(5) None of these

Q 3. Bank Rate is means
(1) Rate at which commercial banks borrow long term funds from central Bank.
(2) Rate at which commercial banks borrow short term funds from central bank.
(3) Rate at which commercial banks borrow short term funds from SBI.
(4) Rate at which commercial banks borrow short term funds from Foreign Banks.
(5) None of these

Q 4. 'Open Market Operation' is a part of
(1) Income Policy 
(2) Fiscal Policy 
(3) Credit Policy of RBI
(4) Labour Policy 
(5) None of these

Q 5. Special Drawing Right (SDR), the currency of the International Monetary Fund (IMF), is in the form of
(1) Paper Currency 
(2) Gold 
(3) Silver and Gold both
(4) Book Keeping entry only 
(5) None of these

Q 6. What is the maximum ceiling on Foreign Direct Investment (FDI) for investment in the equity of Public Sector Banks in India?
(1) 20% 
(2) 26% 
(3) 49% 
(4) 51% 
(5) 74%

Q 7. ‘Self Help Group’ is associated with which of the following Rural Development Programmes?
(1) Pradhan Mantri Gram Sadak Yojana 
(2) Swarna Jayanti Gram Swarozgar Yojana
(4) Indira Aawas Yojana
(5) None of these

Q 8. In the first phase (1969) of nationalisation of banks how many banks were nationalised ?
(1) 19 
(2) 26 
(3) 27 
(4) 6 
(5) None of these

Q 9. Which among the following resolves the grievances of customers of banks?
(1) State Bank of India 
(2) Banking Ombudsmen 
(3) Local Courts
(4) Nationalised Banks 
(5) None of these

Q 10. Which of the following is the basic objective of RBI's monetary policy?
(1) To control deficit in the balance of payment 
(2) To control public expenditure
(3) To control deficit of the budget 
(4) To control cost & availability of money
(5) None of these

Banking Awareness Answers Set 6

1. 4   2. 4   3. 1   4. 3   5. 4   6. 1   7. 2   8. 5   9. 2   10. 4