Banking Awareness Quiz SBI IBPS 2017 - Set 7

Advanced 467 Reasoning Puzzles Book SBI PO 2018

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 7

Q 1. Call money is related to
(1) Share Market 
(2) Government Securities 
(3) Post Office Deposit
(4) Banks Deposit 
(5) None of these

Q 2. SEBI is related to
(1) Bank 
(2) Government of India 
(3) Share Market
(4) State Government 
(5) None of these

Q 3. Banks are required to pay how much percentage of their net bank credit to Priority Sector in advance?
(1) 5% 
(2) 7% 
(3) 10% 
(4) 15% 
(5) None of these

Q 4. Money laundering is related 
(1) To reduce the number of families which live below poverty line.
(2) To reduce the NPAof Banks.
(3) To reduce the Black Money.
(4) To reduce the unemployment rate.
(5) None of these

Q 5. In which year Public Debt Act was passed?
(1) 1938 
(2) 1940 
(3) 1944 
(4) 1948 
(5) None of these

Q 6. Which of the following statements is/are TRUE about Share Market?
(A) Share Market is operated in stock exchange.
(B) In India Saurastra stock exchange and Kanpur stock exchanges are closed recently.
(C) In India 22 Stock Exchange are in operating condition.
(1) Only A 
(2) A and B 
(3) Only B 
(4) All 
(5) None of these

Q 7. What is the full form of ASBA?
(1) Amount Saved and Balance in Account. 
(2)Account Savings& BankAscertainment.
(3) Applications Supported by Blocked Amount. 
(4) Already Savings Blocked Amount.
(5) None of these

Q 8. What is an Indian Depository Receipt?
(1) A deposit account with a Public Sector Bank
(2) A depository account with any of Depositories in India
(3) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company
(4) An instrument in the form of deposit receipt issued by Indian depositories
Q 9. IMPS stands for
(1) Inter-Bank Mobile Payment Service 
(2) Inter-Bank Money Portability Service
(3) Intra-Bank Mobile Payment System 
(4) Inter-Bank Money Preventing System
(5) None of these

Q 10. Kisan Credit Card (KCC) scheme was launched in the year.
(1) 2000 
(2) 1998 
(3) 1996 
(4) 1992 
(5) None of these

Banking Awareness Answers Set 7

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