Banking General Awareness Financial Awareness Question Bank

done Previous Years Questions - Financial Awareness Total Questions - 34

• question_answer1)
  As reported in some major financial newspapers, many times it is said that "Other Income" boosts the profit of a bank to a substantial level. What is this other income for a bank? [Pick up the option(s) which are the part(s) of this other income.                           [OBC 2008]

  (1) Commission for selling insurance policies

  (2) Fee for providing various services (like ATM/Extra cheque etc)

  (3) Interest on advances and loans

  A)
   Only (1) done clear
  B)
   Only (2) done clear
  C)
   Both (1) and (2) done clear
  D)
   Only (3) done clear
  E)
   All (1), (2) and (3) done clear
  View Solution play_arrow

• question_answer2)
  Which of the following schemes has been launched specifically for helping Senior Citizens to avail loan by mrtgage of their residential property?         [OBC 2008]
  A)
   English Mortgage Scheme done clear
  B)
   Senior Capital Loan Scheme done clear
  C)
   Reverse Mortgage Loan Scheme done clear
  D)
   DEMAT Account Scheme done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer3)
  As published in the newspapers, the RBI has issued certain guidelines to be followed by the Recovery Agents appointed by the banks. In addition to this, the India Bank Association (IBA) has to formulate a special training course for them. Why do RBI and IBA have to come into picture for such an issue which is the responsibility of the banks?                      [OBC 2008]

  (1) RBI and Govt were getting many complaints from the public about the misbehaviour of Recovery Agents.

  (2) Govt of India is paying much emphasis on providing banking services to the poor section of the society. News about ill - treatment by agents or suicides due to inability to pay back loans create anegative picture. RBI does not want this to happen.

  (3) Despite banks' efforts to recover loans' many people still do not wish to repay their loans, intentionally. Recovery agents will help banks to get their money back by all possible means.

  A)
   Only (1) done clear
  B)
   Only (2) done clear
  C)
   Both (1) and (2) done clear
  D)
   Only (3) done clear
  E)
   All (1), (2) and (3) done clear
  View Solution play_arrow

• question_answer4)
  Banks these days have launched a new scheme product known as "Reverse Mortgage". The scheme is designed keeping which of the following groups of society in consideration?             [BOM 2008]
  A)
   Youngsters who have just started earning done clear
  B)
   Defence personnel whose life is always at high risk done clear
  C)
   Senior citizens done clear
  D)
   Women who do not have independent source of income done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer5)
  When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as [BOB 2008]
  A)
   Participation                  done clear
  B)
   Consortium done clear
  C)
   Syndication                   done clear
  D)
   Multiple banking done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer6)
  Which of the following correctly describes what sub-prime lending is?                           [IOB 2008]

  (1) Lending to the people who cannot return the loans.

  (2) Lending to the people who are high- value customers of the banks.

  (3) Lending to those who are not a regular customer of a bank.

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

• question_answer7)
  The Govt of India recently provided an amount of Rs. 65,300 crore to about 3.6 crore farmers in India. What was the purpose of the distribution of this much amount to the farmers?           [Andhara Bank 2009]
  A)
   To enable them to purchase tractors and other hitech agricultural machines done clear
  B)
   This was given to them as a debt waiver and relief package. done clear
  C)
   To provide them fertilisers and advanced high- yielding seeds for the next harvesting season done clear
  D)
   To help them avail Internet services and update their knowledge about the farming techniques and adopt new methods of the same done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer8)
  As we all know/ Govt of India is giving much emphasis these days on the development of Small and Medium Enterprises (SMEs). Which of the following statements reflects the importance of the SME sector in the India economy?  [RBI 2009]

  (1) The Govt is following a policy of keeping some items reserved for SMEs only. Hence a good number of items for local consumption come from these alone.

  (2) The main advantages of SMEs are reduction of regional imbalances, low investment, greater operational flexibility and low production cost. This helps in good control over prices of such items in local markets.

  (3) A very large number of people are employed in this sector and this sector is the second largest employer in India, after agriculture.

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

• question_answer9)
  As we have notices, many banks are now entering into Insurance business. Why are Banks entering into this sector, particularly when many insurance companies are already there in India?            [RBI 2009]

  (1) By providing insurance products, banks are earning additional revenue in terms of fee/commission.

  (2) Banks with their huge customer base are leveraging on their existing relationship to convert customers into policyholders.

  (3) With increase of health-related problems, everybody wants an insurance cover, no matter how big or small it is. Banks are coming up with many attractive offers, which are also affordable.

  A)
   Only (1) done clear
  B)
   Only (2) done clear
  C)
   Only (3) done clear
  D)
   All (1), (2) and (3) done clear
  E)
   Only (1) and (2) done clear
  View Solution play_arrow

• question_answer10)
  One of the key factors that provide impetus to strong growth is Interest Rates. How do interest rates contribute to the growth of economy, particularly when these are lowered down?                [RBI 2009]

  (1) It gives corporations the opportunity to prepay high-cost debts and replace them with fresh funds raised at lower rates.

  (2) Banks use this opportunity to maximize profits on their treasury operations and these excess profits are used to clean their Balance Sheets by making higher provisions for NPAs or sticky loans.

  (3) The Govt also gets benefited as it can borrow funds from open market at low interest rates and bridge its fiscal deficit.

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

• question_answer11)
  'Sub Prime Lending' is a term applied to the loans made to                    [Punjab & Sindh 2011]
  A)
   those borrowers who do not have a good credit history. done clear
  B)
   those who wish to take loan against the mortgage of tangible assets. done clear
  C)
   those who have a good credit history and are known to bank since 10 years. done clear
  D)
   those borrowers who are most preferred customers of the Bank. done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer12)
  Which of the following schemes is launched specifically for helping senior citizens to avail loan by mortgage of their residential property?   [Indian Overseas Bank 2011]
  A)
   English Mortgage Scheme done clear
  B)
   Senior Capital loan Scheme done clear
  C)
   Reverse Mortgage Loan scheme done clear
  D)
   Senior Citizen Personal Loan scheme done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer13)
  Bancassurance is   [Corporation Bank 2011]
  A)
   an insurance scheme to insure bank deposits done clear
  B)
   an insurance scheme exclusively for the employees of banks done clear
  C)
   a composite finacial service offering both banking and insurance products done clear
  D)
   a bank deposit scheme exclusively for employees of insurance companies done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer14)
  Which of the following types of accounts are known as Demat Accounts'?        [IBPS 2011]
  A)
   Accounts which are Zero Balance Accounts done clear
  B)
   Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there. done clear
  C)
   Accounts in which shares of various companies are traded in electronic form done clear
  D)
   Accounts which are operated through internet banking facility done clear
  E)
   None to these done clear
  View Solution play_arrow

• question_answer15)
  The arrangement under which banks sell insurance products acting as the agents of the respective companies is called the  [IBPS 2013]
  A)
   Insurance joint venture done clear
  B)
   Bancassurance Model done clear
  C)
   Hybrid Insurance Model done clear
  D)
   Insurance Broking done clear
  E)
   Integrated Model done clear
  View Solution play_arrow

• question_answer16)
  Which one of the following is not a 'Money Market Instrument'?                                  [IBPS 2012]
  A)
   Treasury Bills                done clear
  B)
   Commercial Paper done clear
  C)
   Certificate of Deposit      done clear
  D)
   Equity Shares done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer17)
  Which one of the following is a retail banking product?                                              [IBPS 2012]
  A)
   Home Loans done clear
  B)
   Working capital finance done clear
  C)
   Corporate term loans done clear
  D)
   Infrastructure financing done clear
  E)
   Export Credit done clear
  View Solution play_arrow

• question_answer18)
  Banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called ________.                     [SBI Bank 2013]
  A)
   Statutory Liquidity Ratio done clear
  B)
   Cash Reserve Ratio done clear
  C)
   Bank Deposit done clear
  D)
   Reserve Repo done clear
  E)
   Government Securities done clear
  View Solution play_arrow

• question_answer19)
  Interest below which a bank is not expected to lend to customers is known as _________.         [SBI Bank 2013]
  A)
   Deposit Rate                  done clear
  B)
   Base Rate done clear
  C)
   Prime Lending Rate        done clear
  D)
   Bank Rate done clear
  E)
   Discount Rate done clear
  View Solution play_arrow

• question_answer20)
  In banking business, when the borrowers avail a Term Loan, initially they are given a repayment holiday and this is referred as _________.          [SBI Bank 2013]
  A)
   Subsidy                        done clear
  B)
   Interest Waiver done clear
  C)
   Re-phasing                    done clear
  D)
   Interest concession done clear
  E)
   Moratorium done clear
  View Solution play_arrow

• question_answer21)
  The arrangement under which banks sell insurance products acting as the agents of the respective companies is called the [IBFS Bank 2013]
  A)
   Insurance joint venture done clear
  B)
   Bancassurance Model done clear
  C)
   Hybrid Insurance Model done clear
  D)
   Insurance Broking done clear
  E)
   Integrated Model done clear
  View Solution play_arrow

• question_answer22)
  As reported in some major financial newspapers, many times it is said that "Other Income" boosts the profit of a bank to a substantial level. What is this other income for a bank? [Pick up the option(s) which are the part(s) of this other income.                            [OBC 2008]

  (1) Commission for selling insurance policies

  (2) Fee for providing various services (like ATM/Extra cheque etc)

  (3) Interest on advances and loans

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

• question_answer23)
  As per the reports published in the newspapers, the banks, particularly public sector banks, are typing up with various rating agencies for providing a qualitative assessment of the credit nees of the borrowers. Which amongst the following is/are such credit rating agencies in India?                       [Punjab & Sindh 2011]

  (1) CARE

  (2) CRISIL

  (3) ULIP

  A)
   Only (1)                        done clear
  B)
   Only (2) done clear
  C)
   (1) and (2) only done clear
  D)
   Only (3) done clear
  E)
   All (1), (2) and (3) done clear
  View Solution play_arrow

• question_answer24)
  Which commercial bank of India recently became the first to launch Mobile Branch with ATM. titled 'Branch on Wheels'.             [IBPS 2012]
  A)
   State Bank of India        done clear
  B)
   Axis Bank done clear
  C)
   ICICI Bank                   done clear
  D)
   ABN Amro Bank done clear
  E)
   Punjab National Bank done clear
  View Solution play_arrow

• question_answer25)
  To which of the following crops does the Rashtriya Krishi Bima Yojana (NAIS) provide insurance?   [IBPS 2012]
  A)
   Food crops (cereals and pulses) done clear
  B)
   Oilseeds done clear
  C)
   Horticultural crops done clear
  D)
   Commercial crops done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer26)
  Who among the following is the head of the committee formed by SEBI to frame a single set of guidelines for all types of foreign investors?              [SBI Main 2015]
  A)
   Prabhat Kumar  done clear
  B)
   T.R. Prasad done clear
  C)
   K.M. Chandrashekhar     done clear
  D)
   Kamal Pande done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer27)
  Which e-commerce website has partnered with National Highways Authority of India (NHAI) to enable cashless payments at all national and city toll plazas?                      [IBPS Main 2016]
  A)
   Paytm                          done clear
  B)
   Mobikwik done clear
  C)
   Freecharge                    done clear
  D)
   Oxigen done clear
  E)
   UPI done clear
  View Solution play_arrow

• question_answer28)
  Which mobile application has been launched by Kamataka Bank Limited built on the Unified Payments Interface platform of the NPCI?                      [IBPS 2016]
  A)
   empower                       done clear
  B)
   SMARTZ done clear
  C)
   MobiEase                      done clear
  D)
   mPay done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer29)
  The economy in which there is a mixture of public sector and private sector both, is called _______. Financial Awareness
  A)
   Closed economy done clear
  B)
   Mixed economy done clear
  C)
   Open economy done clear
  D)
   Free trade economy done clear
  E)
   Public economy done clear
  View Solution play_arrow

• question_answer30)
  What is the maximum loan limit under the revised Credit Linked Capital Subsidy Scheme for technical upgradation by the Government of India?                                              [SBI 2012]
  A)
   Rs. 10 lakh                    done clear
  B)
   Rs. 40 lakh done clear
  C)
   Rs. 78 lakh                    done clear
  D)
   Rs. 100 lakh done clear
  E)
   Rs. 150 lakh done clear
  View Solution play_arrow

• question_answer31)
  Which of the following is/are traditional type of open market operations used by the Reserve Bank of India? [IBPS Main 2015]
  A)
   Outright purchase done clear
  B)
   CRR (Cash reserve ratio) done clear
  C)
   SLR (Statutory Liquidity Ratio) done clear
  D)
   Repurchase agreement (REPO) done clear
  E)
   Both [a] and [d] done clear
  View Solution play_arrow

• question_answer32)
  How many cities will be chosen for the AMRUT (Atal Mission for Rejuvenation and Urban Transformation) project?     [IBPS Main 2015]
  A)
   100                              done clear
  B)
   250 done clear
  C)
   200                              done clear
  D)
   500 done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer33)
  Which bank has launched Smart Up, a dedicated solution for startups, to fulfil all their banking needs? [SBI Main 2016]
  A)
   SBI                              done clear
  B)
   ICICI done clear
  C)
   HDFC                          done clear
  D)
   Bank of Baroda done clear
  E)
   Punjab National Bank done clear
  View Solution play_arrow

• question_answer34)
  Which country has been ranked as a top destination for Foreign Direct Investment (FDI)?         [SBI Main 2016]
  A)
   China                           done clear
  B)
   India done clear
  C)
   Malaysia                       done clear
  D)
   Singapore done clear
  E)
   Japan done clear
  View Solution play_arrow