Banking General Awareness Banking in India Question Bank

done Previous Years Questions - Banking in India Total Questions - 53

• question_answer1)
  Mortgage is a                               [IBPS 2011]  
  A)
   security on movable property for a loan given by a bank. done clear
  B)
   security on immovable property for a loan given by a bank. done clear
  C)
   concession on immovable property for a loan given by a bank. done clear
  D)
   facility on immovable property for a loan given by a bank. done clear
  E)
   security on immovable property for a deposit received by a bank. done clear
  View Solution play_arrow

• question_answer2)
  With reference to a cheque which of the following is the "drawee bank"?                      [IBPS 2012]
  A)
   The bank that collects the cheque done clear
  B)
   The payee's bank done clear
  C)
   The endorsee's bank done clear
  D)
   The endorser's bank done clear
  E)
   The bank upon which the cheque is drawn done clear
  View Solution play_arrow

• question_answer3)
  Which of the following is not a negotiable instrument?   [Indian Overseas Bank 2011]
  A)
   Cheque             done clear
  B)
   Pay order done clear
  C)
   Bill of Exchange done clear
  D)
   Warehouse receipt done clear
  E)
   All are negotiable instruments done clear
  View Solution play_arrow

• question_answer4)
  Which of the following is not a prerequisite for a promissory note?     (Vijaya Bank 2008)
  A)
   Drawn on a specified banker done clear
  B)
   It should be unconditional done clear
  C)
   It should be in writing done clear
  D)
   It should be made and signed by the debtor done clear
  E)
   It should be payable in the currency of the country done clear
  View Solution play_arrow

• question_answer5)
  Which of the following is not a party of Bill of Exchange?                             (IOB 2009)
  A)
   The drawer done clear
  B)
   The drawee done clear
  C)
   The payee done clear
  D)
   The endorser     done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer6)
  In terms of Section 5(1) (5) of the Banking Regulation Act, 1949, a 'banking company' means any company which (IBPS 2012)
  A)
   accepts deposits from the public done clear
  B)
   undertakes lending of money done clear
  C)
   transacts the business of banking in done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer7)
  Which of the following is the abbreviated name of the new Act which deals with money laundering? [OBC 2009]
  A)
   AILTA                          done clear
  B)
   PERDA done clear
  C)
   TERLS                         done clear
  D)
   SALT done clear
  E)
   PMLA done clear
  View Solution play_arrow

• question_answer8)
  A bank normally does not have to deal with an issue related to                     [Indian Bank 2010]
  A)
   payments and settlement systems done clear
  B)
   contractual rights of creditors done clear
  C)
   intellectual property rights done clear
  D)
   cases of insolvency done clear
  E)
   coordination between regulators active in banking / financial sectors done clear
  View Solution play_arrow

• question_answer9)
  As we all know, banks publish their quarterly performance to bring transparency in the system and also to give a clear picture of their performance to the public. How were results of Quarter 2different from the results of Quarter 1 of the listed banks including giants like SB1&ICICI banks?  [Allahabad Bank 2010]

  (1) Performance was subdued in Quarter 2.

  (2) Yields on advances of almost all listed banks have come down.

  (3) Advances grew at a slower pace when compared to deposits.

  A)
   Only (1) is true done clear
  B)
   Only (2) is true done clear
  C)
   Only (3) is true done clear
  D)
   All (1), (2) & (3) are true done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer10)
  Whenever some people wish to enter into the business world, it is a must for them to approach a bank. What services do banks provide them in this regard?                      [Syndicate 2010]

  (1) Banks act as payment agents by operating current accounts, paying cheques and receiving payments for them.

  (2) Maintaining account books for them for their day-to-day activities so that they are not required to appoint account/finance personnel on a regular basis.

  (3) Lending money by way of overdraft, instalment loan, credit or advance for business activities

  A)
   Only (1)                        done clear
  B)
   Only (2) done clear
  C)
   Only (3)                        done clear
  D)
   Only (1) & (3) done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer11)
  One of the major challenges banking industry is facing these days is deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following acts has been passed to prevent this activity? [Allahabad Bank 2011]
  A)
   Payment & Settlements Act done clear
  B)
   Banking Regulation Act done clear
  C)
   Negotiable Instruments Act done clear
  D)
   Narcotics and Psychotropic Substance Act done clear
  E)
   Prevention of Money Laundering Act done clear
  View Solution play_arrow

• question_answer12)
  Banks need liquidity to meet which of the following objectives of banking?    [Allahabad Bank 2011]

  (1) To meet deposit withdrawal

  (2) To fund loan demands

  (3) To maintain public confidence

  A)
   Only (1)                        done clear
  B)
   Only (2) done clear
  C)
   Only (3)                        done clear
  D)
   Only (1) & (2) done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer13)
  Which of the following terms is NOT used in the Banking world?          [Allahabad Bank 2011]
  A)
   Holding Company done clear
  B)
   Postdated cheque done clear
  C)
   Credit done clear
  D)
   Time deposit done clear
  E)
   Centripetal force done clear
  View Solution play_arrow

• question_answer14)
  KYC guidelines followed by the banks have been framed on the recommendations of the [Indian Overseas Bank 2011]
  A)
   Ministry of Home Affairs done clear
  B)
   Ministry of Rural Development done clear
  C)
   Indian Banks Association done clear
  D)
   Financial Intelligence Unit done clear
  E)
   Reserve Bank of India done clear
  View Solution play_arrow

• question_answer15)
  Which of the following is the popular name of the norms by which a bank satisfies itself about the customer's identity and activities? [Corporation Bank 2011]
  A)
   Basel norms done clear
  B)
   KYC norms done clear
  C)
   Service norms done clear
  D)
   Lending norms done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer16)
   Banks, today, in addition to normal banking services, offer which of the following services? [Corporation Bank 2011]
  A)
   Internet Banking done clear
  B)
   Depository Services done clear
  C)
   Financial Counselling Services done clear
  D)
   Only [a] and [b] above done clear
  E)
   All [a], [b] and [c] above done clear
  View Solution play_arrow

• question_answer17)
  Which of the following statements is true?                      [IBPS 2011]
  A)
   Banks cannot accept demand and time deposits from public. done clear
  B)
   Banks can accept only demand deposits from public. done clear
  C)
   Banks can accept only time deposits from public. done clear
  D)
   Banks can accept both demand and time deposits from public. done clear
  E)
   Banks can accept demand and time deposits only from government. done clear
  View Solution play_arrow

• question_answer18)
  When a bank returns a cheque unpaid, it is called                   [IBPS 2011]
  A)
   payment of the cheque done clear
  B)
   drawing of the cheque done clear
  C)
   cancelling of the cheque done clear
  D)
   dishonor of the cheque done clear
  E)
   taking of the cheque done clear
  View Solution play_arrow

• question_answer19)
  In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms. What is full form of "LLP" as used in this reference?                                      [IBPS 2011]
  A)
   Local Labour Promotion done clear
  B)
   Low Labour Project's done clear
  C)
   Limited Loan Partnership done clear
  D)
   Longer Liability Partnership done clear
  E)
   Limited Liability Partnership done clear
  View Solution play_arrow

• question_answer20)
  The process by which a life insurance  policyholder can transfer all rights, title and interest- under a policy contract to a third person is known as                                   [IBPS 2013]
  A)
   Assignment of the policy done clear
  B)
   Hypothecation of the policy done clear
  C)
   Reinvestment of the policy done clear
  D)
   Negotiation of the policy done clear
  E)
   Nomination of the policy done clear
  View Solution play_arrow

• question_answer21)
  Banking Ombudsman Scheme is applicable to the business of _____.            [IBPS 2012]
  A)
   All scheduled commercial banks excluding RRBs done clear
  B)
   All scheduled commercial banks including RRBs done clear
  C)
   Only Public Sector Banks done clear
  D)
   All Banking Companies done clear
  E)
   All scheduled banks except private banks done clear
  View Solution play_arrow

• question_answer22)
  Banking Ombudsman is appointed by ________.        [SBI Bank 2013]
  A)
   Government of India      done clear
  B)
   State Governments done clear
  C)
   RBI done clear
  D)
   ECGC done clear
  E)
   Exim Bank done clear
  View Solution play_arrow

• question_answer23)
  Which of the following is a receipt listed in India and traded in rupees declaring ownership of shares of a foreign company?           (IBPS 2013)
  A)
   Indian Depository Receipt (IDR) done clear
  B)
   European Depository Receipt (EDR) done clear
  C)
   Global Depository Receipt (GDR) done clear
  D)
   American Depository Receipt (ADR) done clear
  E)
   Luxemburg   Depository   Receipt (LDR) done clear
  View Solution play_arrow

• question_answer24)
  Which of the following is an investment advisory discipline?                                       (IBPS 2013)
  A)
   Corporate Industrial Finance done clear
  B)
   Off share Banking done clear
  C)
   Wholesale Banking done clear
  D)
   Wealth Management done clear
  E)
   Trade Finance done clear
  View Solution play_arrow

• question_answer25)
  The government of India has announced a 'funding for lending' scheme. Who are the beneficiaries for this scheme? (IBPS 2013)
  A)
   Commercial Banks done clear
  B)
   Regional Rural Banks done clear
  C)
   Micro-finance Institutions done clear
  D)
   Finance Departments of the State Governments done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer26)
  Which of the following services relate to execution of transactions directly with consumers, rather than corporations or other banks?    (IBPS 2013)
  A)
   Wholesale Banking Services done clear
  B)
   Industrial Banking Services done clear
  C)
  Investment Banking Services done clear
  D)
   Corporate Banking Services done clear
  E)
   Retail Banking Services done clear
  View Solution play_arrow

• question_answer27)
  What is the full for of CBS? (IBPS 2014)
  A)
   Customer Bond Solution done clear
  B)
   Core banking System done clear
  C)
   Core Banking Solution done clear
  D)
   Customer Bond system done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer28)
  The Bank should comply and intimate the compliance of Award to Ombudsman? (IBFS 2014)
  A)
   Within Two Months done clear
  B)
   Within 3 months done clear
  C)
   Within one month done clear
  D)
   Within one year done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer29)
  What is the minimum capital required for foreign bank to open branch in India?           (IBPS 2014)
  A)
   400 Crore                     done clear
  B)
   450 Crore done clear
  C)
   500 Crore                     done clear
  D)
   550 Crore done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer30)
  Which of the following commercial banks of India recently opened its branch in Shanghai? (SBI 2014)
  A)
   State Bank of India        done clear
  B)
   Axis Bank done clear
  C)
   ICICI Bank done clear
  D)
   Oriental Bank of Commerce done clear
  E)
   Corporation Bank done clear
  View Solution play_arrow

• question_answer31)
  Punjab National Bank is an Indian Financial Services company based in which city?               (IBPS 2015)
  A)
   New Delhi        done clear
  B)
   Mumbai done clear
  C)
   Chandigarh                   done clear
  D)
   Jaipur done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer32)
  Bank to every Indian is a tag line for which bank?                     (IBPS 2015)
  A)
   ICICI Bank       done clear
  B)
   SBI done clear
  C)
   IOB                             done clear
  D)
   HDFC Bank done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer33)
  Which banks have been designated as Domestic Systemically Important Banks (D-SIBs)?                 (SBI 2015)
  A)
   ICICI & SBI                  done clear
  B)
   PNB & SBI done clear
  C)
   HDFC & SBI                 done clear
  D)
   ICICI & PNB done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer34)
  What is the full form of NBFC as used in the financial sector?                         (SBI 2015)
  A)
   New Banking Finance Company done clear
  B)
   National Banking & Finance Corporation done clear
  C)
   Non Business Fund Company done clear
  D)
   New Business Finance & Credit done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer35)
  Where is BIS (Bank for International Settlements) located?                                          (SBI 2015)
  A)
   Switzerland                   done clear
  B)
   USA done clear
  C)
   UK                               done clear
  D)
   India done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer36)
  Federal Reserve is the Central Bank of which country?                                             (SBI 2015)
  A)
   France done clear
  B)
   China done clear
  C)
   Germany done clear
  D)
   United States of America done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer37)
  Many a times, we read about Special Drawing Right (SDR) in newspapers. As per its definition, SDR is a monetary unit of the reserve assets of which of the following organizations/agencies? (SBI 2015)
  A)
   World Bank done clear
  B)
   International Monetary Funds (IMF) done clear
  C)
   Asian Development Bank done clear
  D)
   Reserve Bank of India done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer38)
  Corporation Bank is a public sector banking company headquartered in..........?                  (SBI Main 2016)
  A)
   Kolkata done clear
  B)
   Mangalore done clear
  C)
   Chennai done clear
  D)
   Bengaluru done clear
  E)
   Mumbai done clear
  View Solution play_arrow

• question_answer39)
  Grama Vidiyal Microfinance, a Trichy- based microfinance company has acquired by which among the following Banks?                   (SBI Main 2016)
  A)
   Punjab National Bank    done clear
  B)
   Bandhan Bank done clear
  C)
   ICICI Bank done clear
  D)
   State Bank of India done clear
  E)
   IDFC Bank done clear
  View Solution play_arrow

• question_answer40)
  Payments banks are a new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept a restricted deposit which is currently limited to INR 1 lakh per customer account. How much amount minimum capital has requirement for Payments banks?           (SBI 2016)
  A)
   Rs. 1 crore                    done clear
  B)
   Rs. 50 crore done clear
  C)
   Rs. 1000 crore               done clear
  D)
   Rs. 500 crore done clear
  E)
   Rs. 100 crore done clear
  View Solution play_arrow

• question_answer41)
  The Reserve Bank of India (RBI) has released the Report of the Internal Working Group (IWG) on Rationalisation of Branch Authorisation Policy. The Group is chaired by........,...?       (SBI 2016)
  A)
   Bibek Debroy    done clear
  B)
   Madhukar Gupta done clear
  C)
   NR Nagendra done clear
  D)
   Ratan PWatal done clear
  E)
   Lily Vadera done clear
  View Solution play_arrow

• question_answer42)
   Which of the following does not fall into the functions of Payments Banks?         (IBPS 2016)
  A)
   acceptance of demand deposits done clear
  B)
   Internet banking done clear
  C)
   remittance services done clear
  D)
   lending services done clear
  E)
   Sell mutual funds, insurance and pension products done clear
  View Solution play_arrow

• question_answer43)
  Which of the following is the first micro finance company to start operation as a commercial bank?  (IBPS 2016)
  A)
   Oriental Bank of Commerce done clear
  B)
   State Bank of India done clear
  C)
   Reserve Bank of India done clear
  D)
   Punjab National Bank done clear
  E)
   Bandhan Bank done clear
  View Solution play_arrow

• question_answer44)
  Web based complaints redressal system 'SCORES' is launched by which of the following organizations/agencies? (SBI2016)
  A)
   Ministry of Corporate Affairs done clear
  B)
   SEBI done clear
  C)
   RBI done clear
  D)
   State Bank of India done clear
  E)
   IBA done clear
  View Solution play_arrow

• question_answer45)
  Which of the following is not a Public Sector Bank?                                     (SBI 2016)
  A)
   Corporation Bank done clear
  B)
   United Bank of India done clear
  C)
   Vijaya Bank done clear
  D)
   Bank of Maharashtra done clear
  E)
   Federal Bank done clear
  View Solution play_arrow

• question_answer46)
  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)
   Direct Bank done clear
  E)
   Unit Banking done clear
  View Solution play_arrow

• question_answer47)
  Which of the following is an investment advisory discipline?                                       (IBPS 2013)
  A)
   Corporate Industrial Finance done clear
  B)
   Off share Banking done clear
  C)
   Wholesale Banking done clear
  D)
   Wealth Management done clear
  E)
   Trade Finance done clear
  View Solution play_arrow

• question_answer48)
  The government of India has announced a 'funding for lending' scheme. Who are the beneficiaries for this scheme? (IBPS 2013)
  A)
   Commercial Banks done clear
  B)
   Regional Rural Banks done clear
  C)
   Micro-finance Institutions done clear
  D)
   Finance Departments of the State Governments done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer49)
  The seed capital of Bhartiya Mahila Bank is                        (IBPS 2016)
  A)
   Rs. 2000 crore               done clear
  B)
   Rs. 1000 crore done clear
  C)
   Rs. 4000 crore               done clear
  D)
   Rs. 3000 crore done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer50)
  Which of the following correctly explains the situations of Credit Risk?                         (IBPS 2016)
  A)
   A business or consumer does not pay a trade invoice when due done clear
  B)
   A business does not pay an employee's earned wages when due done clear
  C)
   An insolvent insurance company does not pay a policy obligation done clear
  D)
   A consumer fails to make a payment due on a mortgage done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer51)
  According to a recent Reserve Bank's Instructions on banking matters. Banks cannot accept interest free deposits other than in                 (IBPS 2016)
  A)
   Demand deposit account done clear
  B)
   Term deposit account done clear
  C)
   Current account done clear
  D)
   Both [a] and [b] done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer52)
  What does the letter 'L' stands for in the term LAP commonly used in financial/ economic news?       (SBI 2016)
  A)
   Liquidity                       done clear
  B)
   Least done clear
  C)
   Liabilities                      done clear
  D)
   Long done clear
  E)
   Liquid done clear
  View Solution play_arrow

• question_answer53)
  Which bank has launched India's G-Secs facility to retail customers via ATMs?             (SBI2016)
  A)
   IDBI                             done clear
  B)
   ICICI done clear
  C)
   SBI                              done clear
  D)
   HDFC done clear
  E)
   Federal Bank done clear
  View Solution play_arrow