Banking Awareness MCQ-6

Banking Awareness Model Test IBPS CWE RRB,Bank Exams,SBI Clerks

The Bank for International Settlements (BIS) which provides the Banking supervision accords is located in which country:

(A) England
(C) France
(D) Switzerland
(E) Italy

In order to enable private sector banks to attract and retain professional directors, the Reserve Bank has issued guidelines on compensation for non-executive directors for implementation by private sector banks, that will reflect market realities and will be within the parameters specified in the:

(A) Banking Regulation Act, 1949
(B) The Indian Companies Act, 2013 (Amended)
(C) RBI Act 1934
(D) Both 1 & 2
(E) None of the above

For being eligible under central scheme of interest subsidy on educational loans, the parental income ceiling is Not more than

(A) Rs. 4.5 lacks per annum.
(B) Rs. 3.5 lacks per annum.
(C) Rs. 5.5 lacks per annum.
(D) Rs. 6.5 lacks per annum.
(E) Rs. 7.5 lacks per annum.

As part of the endeavour to smoothen the liquidity management operations, the Reserve Bank has introduced STP in fixed rate Liquidity Adjustment Facility (LAP) repo, fixed rate LAP Reverse Repo and Marginal Standing Facility (MSP) operations. What does STP stand for?

(A) Short Term Processing
(B) Straight Through Processing
(C) Structured Total Processing
(D) Strong through Process
(E) None of these

The payment of a lost demand draft is made to the ____?

(A) Payee
(B) Nominee
(C) Any one 2
(D) Any of the above
(E) Purchaser

Use of a single farm for multiple purposes, as the growing of cash crops or for the raising of livestock:

(A) Mixed Farming
(B) Cross Farming
(C) Multi Farming
(D) Cash Farming
(E) Merged Farming

What is the limitation of the number of persons in a joint savings bank account?

(A) One
(B) Two
(C) Three
(D) Four
(E) No limit

The Reserve Bank has now allowed commercial banks (excluding regional rural banks and local area banks) to slot their excess Statutory Liquidity Ratio (SLR) securities and Marginal Standing Facility (MSF) eligible securities under the ___ bucket,

(A) 2-7 Days
(B) 8-14 Days
(C) 15-28 Days
(D) 30-60 Days
(E) Day 1

Agency which purchases NPA from banks is called:

(A) Asset Management Company
(B) Assets Reconstruction Company
(C) Consolidation Company
(D) Financial Reconstruction Company
(E) None of the above

The capital market of indian financial system deals with which of the following funds?

(A) Hedge funds
(B) Short-term funds
(C) Long-term Funds
(D) Government Funds
(E) Overnight funds

What is the maximum deposit in PPF in a Financial Year:

(A) Rs. 1,50,000
(B) Rs 2,00,000
(C) Rs 2,50,000
(D) Rs 3,00,000
(E) Rs 5,00,000

Which bank is first in the country to launch the MUDRA card, under the Pradhan Mantri MUDRA Yojana (PMMY) scheme?

(A) Andhra Bank
(B) Central Bank
(C) Corporation Bank
(D) Union Bank of India
(E) United Bank of India