Banking Awareness Quiz for IBPS/RBI

1. Expand CRA?
a) Credit Review Arrangements
b) Credit Acknowledgement
c) Credit Risk Arrangement
d) Corporate Setting Arrangement

2. Who is the Chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) Sector?
a) M. Damodaran
b) YH Malegam
c) Usha Thorat
d) C. Rangrajan

3. The maximum amount of the total Revenue earned by the government of India comes from _____________
a) Value Added Tax
b) Income Tax
c) Customs Duty
d) Excise Duty

4. Expand BCSBI?
a) Banking Codes And Standard Board Of India
b) Broad Cases of standards Bureau of India
c) Banking Control And Standard Board Of India
d) Banking Codes In State Bank Of India

5. Which of the following is correct statement?
a) Savings deposits are the same as current deposits
b) No interest is paid on current deposit accounts
c) Interest is paid on current accounts at the same rate as term deposit accounts
d) The rate of interest on current accounts and savings accounts are the same

6. What is the maximum amount for which the Award Can be given by OMBUDSMAN
a) Rs 5,00,000
b) Rs 1,00,000
c) Rs 10,00,000
d) Rs 7,00,000

7. Banking Ombudsmen is appointed by RBI under _____________
a) Banking Regulation Act
b) Indian Company Act
c) Central Government Notification
d) RBI Act

8. Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?
a) Brick & Mortal banking
b) Narrow banking
c) Universal banking
d) Virtual banking

9. Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
a) Flow of Foreign Direct Investments
b) Borrowing powers of the banks
c) Liquidity in economy
d) None of these

10. Which was the first Indian Bank to introduce credit card?
a) Central Bank of India
b) ICICI
c) State Bank of India
d) Union Bank of India

  • PRIYANKA(TARGET SBI PO-2016)

    Answers?

  • PRIYANKA(TARGET SBI PO-2016)

    c b b a b
    c b c c b

  • Banking Shortcuts

    Correct Answers-
    C, B, D, A, B, C, A, D, C, A

  • Banking Shortcuts

    Updated

  • PRIYANKA(TARGET SBI PO-2016)

    SIR/MA’AM HAVE DOUBT IN 8TH ANS PLS XPLN?

  • Banking Shortcuts

    Virtual or internet banking is a system where all the transactions of the bank are done online and there is no need of branches of the banks.

  • PRIYANKA(TARGET SBI PO-2016)

    YES ,,BUT IS IT WILL BE BRICK OR MORTAR BANKING?

  • Banking Shortcuts

    No

  • Banking Shortcuts

    Mortar banking deals with its customers face to face in an office or store.

  • Banking Shortcuts

    Brick-and-Mortar Benefits

    Human contact: Person-to-person customer service may help you express concerns and talk through big financial decisions better than calling or messaging an online representative.
    ATMs Big banks seem to have an ATM on every other corner of most cities.
    Services provided: brick-and-mortar banks may offer a larger suite of services – such as credit cards, loans and mortgages – that an ebank might not offer. Being a long-term bank customer may be an advantage when you are looking for a loan. And if you prefer/need to deposit paper checks with a teller, you have a place to do it.
    Additional services: brick-and-mortar banks can help with services such as notarizing forms, currency exchange, quarters for the laundry machine or crisp new bills for holiday tips. Banks will often only provide these services for account holders, so having an account at a brick-and-mortar bank can come in handy.

    eBank Benefits

    Convenience Online banks provide 24-hour access to your accounts and to customer service.
    Easy monitoring Having access to all of your banking online means that you can view your financial status within minutes, from the comfort of your home. eBanks also make it easy to get to your banking history and past statement – no digging through your file cabinet to make sure you deposited a check three months ago.
    Fast turnaround You can deposit checks, pay bills, transfer money or have your bank write checks for you, all with a few easy clicks.
    Lower overhead Because ebanks don’t have to pay for as much physical space – they do have offices, but not multiple branches for consumers – they often have lower fees than traditional brick-and-mortar banks.

  • PRIYANKA(TARGET SBI PO-2016)

    Thnkew Mod!!