Banking Awareness Objective Questions - Set 13

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 pdf download free 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

Q.141. Which is a legal tender in a modern economy amongst the following?
1) Currency notes
2) Cheques
3) Bank Draft
4) Promissory notes
5) None of these

Q.142. Which of the following doesn't relates with banking or finance?
1) Devaluation
2) Hundis
3) Flare
4) Gearing
5) None of these

Q.143. Which of the following is not a characteristic of Fiat money?
1) Fiat money is created and issued by the state
2) Fiat money is inconvertible by law
3) Its value as a commodity is as great as its value as money
4) It is a legal tender
5) None of these

Q.144. A banking system where all operations are confined to a single office is known as.
1) Unit Banking
2) Group Banking
3) Chain Banking
4) Branch Banking
5) None of these

Q.145. Which of the following is not a Financial/Economic term?
1) Marginal Utility
2) Dumping
3) Pipette
4) Break Even Point
5) None of these

Q.146. What is the full form of FIMMDA?
1) Fined Income More Money Derivatives Authority
2) Fixed Income Measuring Money Dumping Association
3) Fixed Income Money Market and Derivatives Association
4) Fixed Initial Money Market Development Authority
5) None of these

Q.147. An organisation which pools money from investors & invests in stock, bonds, shares is called.
1) Bancassurance
2) ABank
3) Insurance company
4) Mutual Fund
5) None of these

Q.148. Which of the following term in related with Economy?
1) Absolute Zero
2) Amplitude
3) Soft patch
4) Buoyancy
5) None of these

Q. 149. The rate of interest on term deposits in banks is stipulated by which of the following?
1) RBI 
2) Government of India
3) Indian Banks Association 
4) Banking codes and standards board of India
5) Bank Itself

Q.150. Which of amongst the following is not the aim of Debt Management?
1) Stabilizing prices
2) Social service fund
3) Proper timing & issuing of government bonds
4) Cost effective services
5) None of these

Q.151. Which of the following terms is used in Banking?
1) Epicentre 
2) Pascal’s Law 
3) Currency
4) Centre of Gravity 
5) Latitude

Q.152. Teaser Rates are related to which of the following types of loans?
1) Home Loans 
2) Personal Loans
3) Auto Loans 
4) Reverse Mortgage Loans
5) Crop Loans

Q.153. Which of the following documents is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?
A. Passport
C. Aadhar number issued by Unique Identification Authority of India
1) Only (A) 
2) Only (B) 
3) Only (A) and (B)
4) All (A), (B) and (C) 
5) Only (B) and (C)

Q.154. Which of the following is NOT a Govt-sponsored organisation?
1) Small Industries Development Bank of India
3) National Housing Bank
4) ICICI Bank
5) All are Govt-sponsored

Q.155. Fiscal Policy is concerned with which of the following?
1) Export and Import 
2) Public Revenue and Expenditure
3) Issue of Currency 
4) Population Control
5) Education for all

Q.156. Which of the following is the apex institution that handles refinance for agriculture and rural development in India?
a) RBI 
d) SEBI 
e) None of these

Q.157. Foreign Exchange Reserves of India are kept in the custody of which of the following?
1) International Bank for Reconstruction and Development
2) International Monetary Fund
3) Government Treasury
4) Reserve Bank of India
5) State Bank of India

What Others Are Reading
Q.158. Which of the following services is NOT provided by the post offices in India?
1) Savings Bank Scheme 
2) Retailing of Mutual Funds
3) Sale of stamps
4) Issuance of Demand Drafts
5) Life Insurance cover

Q.159. Which of the following is/are the objectives of Free Trade Agreement that India has done with many countries?
A. To provide support to entrepreneurs for setting up new projects in tiny/SSI sectors
B. For undertaking expansion of business
C. To support technology upgradation
1) Only (A) and (B) 
2) Only (B) and (C)
3) All (A), (B) and (C) 
4) Only (A) and (C)
5) None of these

Q.160. Which of the following organisations issues the rules of global trade?
1) World Bank
2) World Trade Organisaton
3) Foreign Exchange Dealers Association
4) Directorate General of Foreign Trade
5) None of these

Important Banking Awareness Questions Set

141. 1    142. 3    143. 3    144. 1    145. 3    146. 3    147. 4    148. 3      149. 5    150. 2    151. 3    152. 1   153. 4    154. 4     155. 2      156. 3     157. 4    158. 4    159. 2     160. 2