Banking General Awareness Banking System Question Bank

done Previous Years Questions - Banking and Banking Structure - Legal Aspects Total Questions - 24

• question_answer1)
  As per the newspaper reports, some economically developed states only hold about 60% of the total 'Demat Accounts' in India. A demat Account is    [BOI 2008]
  A)
   an account which is opened by the people of the lower income groups of society. done clear
  B)
   an account in which trading of the shares is done. done clear
  C)
   an account which can be opened only by minors. done clear
  D)
   an account which can be operated by big corporate houses and are mainly business accounts like current acounts. done clear
  E)
   None of these done clear
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• question_answer2)
  What is an Indian Depository Receipt?  [BOB 2008]
  A)
   A deposit account with a public Sector Bank done clear
  B)
   A depository account with any of the Depositories India done clear
  C)
   An instrument in the form of depository receipt created by an Indian depository against underlying    equity shares of the issuing company done clear
  D)
   An instrument in the form of deposit receipt issued by Indian depositories done clear
  E)
   None of these done clear
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• question_answer3)
  What is Call Money?                    [BOB 2008]
  A)
   Money borrowed or lent for a day or overnight done clear
  B)
   Money borrowed for more than one day but up to 3 days done clear
  C)
   Money borrowed for more than one day but up to 7 days done clear
  D)
   Money borrowed for more than one day but up to 14 days done clear
  E)
   None of these done clear
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• question_answer4)
  Many a time we read a term 'SEPA' in financial newspapers. What is the full form of the term?            [UBI 2009]
  A)
   Single Exchange Processing Agency done clear
  B)
   Single Euro Payments Area done clear
  C)
   Single Electronic Processing Agency done clear
  D)
   Super Electronic Purchase Agency done clear
  E)
   None of these done clear
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• question_answer5)
  What is Forex?    [Punjab & Sindh 2011]
  A)
   It is buying of foreign currency. done clear
  B)
   It is selling of foreign currency. done clear
  C)
   It is buying of one currency and selling of another currency. done clear
  D)
   It is simultaneous buying of one currency and selling of another currency. done clear
  E)
   None of these done clear
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• question_answer6)
  Which of the following is not a part of the scheduled banking structure in India? [Corporation Bank 2011]
  A)
   Money Lenders done clear
  B)
   Public Sector Banks done clear
  C)
   Private Sector Banks done clear
  D)
   Regional Rural Banks done clear
  E)
   State Co-operative Banks done clear
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• question_answer7)
  Which of the following is not a part of the scheduled banking structure in India?    [Indian Overseas Bank 2011]
  A)
   State Co-operative Banks done clear
  B)
   Public Sector Banks done clear
  C)
   Private Sector Banks done clear
  D)
   Regional Rural Banks done clear
  E)
   Moneylenders done clear
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• question_answer8)
  Which of the following is the most active segment of the money market in India? [Indian Overseas Bank 2011]
  A)
   Call Money/Notice Money Market done clear
  B)
   Repo / Reverse Repo done clear
  C)
   Commercial Paper (CP) done clear
  D)
   Certificate of Deposit (CD) done clear
  E)
   None of these done clear
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• question_answer9)
  Govt of India has created a special fund called India Micro Finance Equity Fund of Rs. 100 crores. The fund is maintained by  [Corporation Bank 2011]
  A)
   IDBI Bank                    done clear
  B)
   RBI done clear
  C)
   ECGC                          done clear
  D)
   SIDBI done clear
  E)
   NABARD done clear
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• question_answer10)
  Accounts are allowed to be operated by cheques in respect of                       [IBPS 2011]
  A)
   Both savings bank accounts and fixed deposit accounts done clear
  B)
   Savings bank accounts and current Accounts done clear
  C)
   Both savings bank accounts and loan accounts done clear
  D)
   Both savings bank accounts and cash accounts only done clear
  E)
   Both current accounts and fixed deposit accounts done clear
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• question_answer11)
  Which of the following is a correct statement?                   [IBPS 2011]
  A)
   Normally no interest is paid on current deposit accounts. done clear
  B)
   Interest is paid on current accounts at the same rate as term deposit accounts. done clear
  C)
   The rate of interest on current account and savings account are the same. done clear
  D)
   No interest is paid on any deposit by the bank. done clear
  E)
   Savings deposits are the same as current deposits. done clear
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• question_answer12)
  The usual deposit accounts of banks are [IBPS 2011]
  A)
   Current accounts, electricity accounts and insurance premium accounts done clear
  B)
   Current accounts, post office savings bank accounts and term deposit accounts done clear
  C)
   Loan accounts, savings bank accounts and term deposit accounts done clear
  D)
   Current accounts, savings bank accounts and term deposit accounts done clear
  E)
   Current bill accounts and term deposit accounts done clear
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• question_answer13)
  Fixed deposits and recurring deposits are   [IBPS 2011]
  A)
   repayable after an agreed period. done clear
  B)
   repayable on demand. done clear
  C)
   not repayable. done clear
  D)
   repayable after death of depositors. done clear
  E)
   repayable on demand or after an agreed period as per bank's choice. done clear
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• question_answer14)
  Interest on savings bank account is now calculated by banks on       [IBPS 2011]
  A)
   minimum balance during the month done clear
  B)
   minimum balance from 7th to last day of the month done clear
  C)
   minimum balance from 10th to last day of the month done clear
  D)
   maximum balance during the month done clear
  E)
   daily product basis done clear
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• question_answer15)
  With a view to facilitating payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country:  [IBPS 2011]
  A)
   Will                              done clear
  B)
   Registration done clear
  C)
   Nomination                   done clear
  D)
   Indemnity done clear
  E)
   Guarantee done clear
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• question_answer16)
  Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of [IBPS 2011]
  A)
   Minors                          done clear
  B)
   Married women done clear
  C)
   Senior citizens    done clear
  D)
   Govt employees done clear
  E)
   Rural residents done clear
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• question_answer17)
  Drawing, accepting, making or issuing of any  promissory note, hundi or bill of exchange expressed to be payable to bearer on demand by a person other than the Reserve Bank of India or the Central Government is prohibited under             [IBPS 2011]
  A)
   Banking Regulation Act, 1949 done clear
  B)
   Section 31 (1) of the Reserve Bank of India Act, 1934 done clear
  C)
   Negotiable Instruments Act, 1881 done clear
  D)
   Indian Contract Act, 1872 done clear
  E)
   None of the above done clear
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• question_answer18)
  A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as            [IBPS 2013]
  A)
   Universal Banking done clear
  B)
   Indirect Bank done clear
  C)
   Door Step Bank done clear
  D)
   A Direct Bank done clear
  E)
   Unit Banking done clear
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• question_answer19)
  Which of the following is an investment advisory discipline?                          [IBPS 2013]
  A)
   Corporate Industrial Finance done clear
  B)
   Offshore Banking done clear
  C)
   Wholesale Banking done clear
  D)
   Wealth Management done clear
  E)
   Trade Finance done clear
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• question_answer20)
  SEBI extended the time guideline to appoint at least one women in board of director to _____?         [IBPS 2014]
  A)
   31st December 2014 done clear
  B)
   31st March 2015 done clear
  C)
   30th June 2015 done clear
  D)
   31st December 2015 done clear
  E)
   None of these done clear
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• question_answer21)
  What is the name of BRICS Bank? [IBPS 2014]
  A)
   Federative Republic Bank done clear
  B)
   New Republic Bank done clear
  C)
   New Development Bank done clear
  D)
   New BRICS Bank done clear
  E)
   None of these done clear
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• question_answer22)
  Which of the following come under Policy Framework for Investment Decisions as outlined by the OECD? [SBI 2014]
  A)
   Policy coherence done clear
  B)
   Importance of transparency approach to policy formulation done clear
  C)
   Regular evaluation of policies on investment environment done clear
  D)
   Corporate governance done clear
  E)
   All of the above done clear
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• question_answer23)
  Which of the following Acts helps a bank in its day to day activities?                  [IBPS Main 2015]
  A)
   Competition Act done clear
  B)
   Negotiable Instruments Act done clear
  C)
   Hindu Marriage Act done clear
  D)
   Hindu Succession Act done clear
  E)
   NRI Act done clear
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• question_answer24)
  Which committee framed the RRB Act? [IBPS Main 2015]
  A)
   Narsimham Committee done clear
  B)
   Ashok Mehta Committee done clear
  C)
   Sachar Committee done clear
  D)
   Shah Nawaz Committee done clear
  E)
   None of these done clear
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