Important Banking Awareness Questions IBPS Clerk Set 21

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Important Banking Awareness Questions IBPS Clerk – Banking Awareness Quiz Questions Answers are providing for all banking exams and interviews in 2017 – 2018. These are some Important Banking Awareness Questions IBPS Clerk 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 VIII 2018-2019.
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Important Banking Awareness Questions IBPS Clerk

Q.1. Which of the following is /are the most important component of the liabilities of Commercial Banks in India ?

  • (A) Demand deposits
  • (B) Time Deposits
  • (C) Inter-Bank liabilities
  1. Only A
  2. Only B
  3. A and C
  4. All A, B and C
  5. None of these
Explanation

Q.2. Which of the following is an example of near money ?

  • (1) Small coins of 50 paise
  • (2) Fiat Money
  • (3) Bank Draft
  • (4) Treasury Bills
  • (5) None of these
Explanation

Q.3. What are Teaser Loan rates charged by Banks ?

  • (1) Rate of interest in the initial period is more and it goes down subsequently.
  • (2) Rate of interest in the intial period is less and goes up subsequently.
  • (3) Fixed Rate of interest charged by Banks
  • (4) Floating rate of interest charged by Banks.
  • (5) None of these
Explanation

Q.4. When does the Central Bank increases the minimum statutory cash reserve ratio of the Commercial Banks ?

  • (A) When the economy is in deflationary condition
  • (B) When the economy is experiencing inflation
  • (C) When the Central Bank aims credit contraction.
  1. A and C
  2. All A, B and C
  3. B and C
  4. Only B
  5. None of these
Explanation

Q.5. Opening the Saving Bank Account of a minor girl will be called as which of the following in Banking terminology ?

  • (1) Retail Banking
  • (2) Merchant Banking
  • (3) Institutional Banking
  • (4) Social Banking
  • (5) Corporate Banking
Explanation

Q.6. Non Performing Assets are those assets which are overdue for a period of more than ?

  • (1) 90 days in interest and/or installment in term of loan.
  • (2) 90 days out of order in case of over draft/cash credit. Bills purchased and Bills discounted.
  • (3) 2 harvest seasons for advances for cultivation of short duration crops.
  • (4) All of the above
  • (5) None of these
Explanation

Q.7. Many times we read a term CBS used in banking operation. What is the full form of the letter ‘C’ in the term ‘CBS’?

  • (1) Core
  • (2) Credit
  • (3) Continuous
  • (4) Complete
  • (5) None of these
Explanation

Q.8. Which of the following was the first commercial Bank of limited liability managed by Indians ?

  • (1) Punjab National Bank
  • (2) Oudh Commercial Bank
  • (3) Imperial Bank of India
  • (4) Bank of Baroda
  • (5) None of these
Explanation

Q.9. Which of the following institution is considered as ‘ soft loan window’ ?

  • (1) IMF
  • (2) IBRD
  • (3) IDA
  • (4) IFC
  • (5) None of these
Explanation

Q.10. Variable Reserve Ratio and Open Market Operations are instruments of

  • (1) Fiscal policy
  • (2) Monetary policy
  • (3) Budgetary policy
  • (4) Trade policy
  • (5) None of these
Explanation

Q.11. In which year SMERA(Small & Medium Enterprises Rating Agency) was established ?

  • (1) 2002
  • (2) 2005
  • (3) 2008
  • (4) 2001
  • (5) None of these
Explanation

Q.12. Certificates of Deposits can be issued for a minimum period of

  • (1) 1 year
  • (2) 6 months
  • (3) 4 months
  • (4) 3 months
  • (5) 45 days
Explanation

Q.13. When does the central Bank increase the minimum statutory cash reserve ratio of the commercial banks ?

  • (1) When the economy is in deflationary condition
  • (2) When the central Bank aims credit expansion
  • (3) When the economy is in recession
  • (4) 1, 2 and 3
  • (5) None of these
Explanation

Q.14. Near Money is defined as an

  • (1) Asset which is not usable as a medium of exchange but has as store of value.
  • (2) Asset that serves as a temporary medium of exchange and has a store of value.
  • (3) Asset which adequately fulfill Store of value function and is readily convertible into a medium of exchange but is not itself a medium of exchange.
  • (4) Asset which has a store of value & 100% liquidity
  • (5) None of these
Explanation
Explanation
  • (1) Taxes on individual income & wealth
  • (2) Compulsory deposits imposed on income tax payers
  • (3) Provident fund contributions of private sector employees
  • (4) Reduction of consumption consequent to a rise in prices
  • (5) None of these
Explanation