Banking Awareness MCQ-121

Banking Aptitude Test LIC ADO,IBPS PO mains,Bank Exams,SBI Clerks

Which among the following definitions are correct:

[A] Online ATMS – These ATMs are connected to the bank’s database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank.
[B] Offline ATMs – These ATMs are not connected to bank’s database hence they have a pre-defined withdrawal limit fixed and you can withdraw that amount irrespective of the balance in your account.
[C] Onsite ATM – The ATMs installed within a branch premises
[D] All of the Above
[E] None of These

Stock Exchanges generally work in –

[A] Primary Market
[B] Secondary Market
[C] Money Market
[D] Financial Market
[E] None of the above

The excess of total expenditures over total receipts is known as:

[A] Fiscal Deficit
[B] Revenue Deficit
[C] Budget Deficit
[D] Both b) and c)
[E] None of These

In the term STRIPS, the S denotes

[A] Small
[B] Single
[C] Separate
[D] Savings
[E] None of these

DBS Bank has been headquartered in

[A] United Kingdom
[B] Spain
[C] Singapore
[D] South Africa
[E] None of these

A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as?

[A] Investment Banking
[B] Core Banking
[C] Mobile Banking
[D] National Banking
[E] Specialized Banking

In National Pension System(NPS), PRA Stands for?

[A] Pension Retirement Account
[B] Personal Recurring Account
[C] Provident Retirement Account
[D] Pension Recurring Account
[E] Personal Retirement Account

A financial contract that derives its value from another asset or an index of asset values is known as _______

[A] Insurance Policy
[B] Security
[C] Derivative
[D] Share
[E] None of the above

If a bank is not able to recover its loan and advances it is called

[A] Market Risk
[B] Distribution Risk
[C] Operational Risk
[D] Capital Risk
[E] None of these

The Head of the Reserve Bank of India is designated as the ___.

[A] Chief Executive Officer
[B] Managing Director
[C] Chief Banking Officer
[D] Deputy Governor
[E] None of these

The regulator for Mutual Funds in India is?

[E] None of the above

The Reserve Bank of India has allowed banks to invest in REITs and InvITs, a move that will help revive the cash-starved infrastructure sector. REITs stand for-

[A] Real Estate Investment Treaty
[B] Real Estate Investment Trust
[C] Real Estate Investment Transfer
[D] Real Estate Interface Trust
[E] Real Electrical Investment Trust

Capital adequacy is worked out based on?

[A] Total demand and time liabilities
[B] Net demand and time assets
[C] Risk weighted assets
[D] Risk weighted liabilities
[E] None of the above

The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called

[A] Cash reserves
[B] Deposit reserves
[C] Excess reserves
[D] Momentary reserves
[E] None of these

If the stock markets are declining then it is called as _______.

[A] Bull run
[B] Down run
[C] Bear run
[D] Stage
[E] None of these