Competition Gurukul is presenting the practice set on Banking Awareness in this blog in order to?give the final touch to Banking Exam 2015 Aspirants. This practice set is valid for IBPS, IBPS PO and RRB.

canstockphoto9023760
1. Which of the following statements is incorrect regarding RTGS system?
i) The transactions take place in real time
ii) The system operates on DNS (Deferred Net Settlement) basis
iii) The minimum amount that can be remitted is Rs. 2 lakh
iv) Service charges for RTGS transactions vary from one bank to another
v) Only ii and iii

NEFT-vs-RTGS

2. 10-second paperless instant loan Scheme for its existing customers and Project Tatkal home loans application process within 10 days are launch by which of these banks respectively:
i) ICICI and HDFC
ii) SBI and ICICI
iii) BOI and SBI
iv) HDFC and SBI
v) BOI and ICICI
ori_pc_4804-img-2015-07-03-1435921900-home-loan-red
3. RBI is lender of last resort which reveals:
i) RBI advances money to public whenever there is any emergency
ii) Commercial banks give fund to the RBI
iii) RBI advances necessary credit against eligible securities to financial institutions
iv) All of the above
v) None of the above
4. A scheduled bank must be:
i) Company incorporated by any law in force in any place in India.
ii) An institution notified by GOI.
iii) A company as defined by Companies Act, 2013.
iv) All of the Above
v) None of These
5. The ability of commercial banks to increase their deposits by expanding their loans and advances is known as
i) Capital expansion
ii) Credit expansion
iii) Credit control
iv) Credit creation
v) None of these
6. In TRIPS, what does ?I? stand for?
i) Intellectual
ii) Information
iii) Indian
iv) Infra
v) None of these
7. Which of the following statement is/are true about fiat money?
i) Fiat money includes physical token like certificates
ii) Fiat money’s value is not derived from any intrinsic value are relative value is based only on government order
iii) Fiat money can be converted in to valuable commodity (like gold)
iv) Both 1 and 2
v) None of these
8. RBI has lifted a ban on carrying Indian bank notes of Rs 1,000 and 500 denominations to and from Nepal and Bhutan. RBI has put a limit on carrying such notes at Rs.__________ per person?
i) 10000
ii) 15000
iii) 25000
iv) 20000
v) 30000
9. Often, we read in the newspapers that several Indian companies are taking the FCCB route to raise capital. What does the term FCCB stand for?
i) Foreign Currency Convertible Bond
ii) Foreign Convertible Credit Bond
iii) Financial Consortium and Credit Bureau
iv) Future Credit and Currency Bureau
v) None of these
10. Which of the following entities did not get the licence to run Payment Bank :
i) Aditya Birla Nuvo Limited
ii) Sun Pharma
iii) Fino PayTech Limited
iv) Videocon d2h
v) Cholamandalam Distribution Services Limited

Answer Key

1 – ii
2- iv
3 – iii
4 – iv
5 – iv
6 – i
Explanation :TRIPS ?stands for Trade Related Intellectual Property Rights??
7 – ii
8 – iii
9 – i
10 – iv

BANKING COACHING FOR BETTER RESULTS

Competition Gurukul is a premier institute for Banking Exam Coaching. You can visit our center to register your slot for fresh batches. You will be guided by our counsellor from Monday to Saturday at scheduled timing of 9 AM to 8 PM.

For More Information Contact

Competition Gurukul
A-1/17, Janakpuri, Main Najafgarh Road,
Opp Metro Pillar 636, New Delhi ? 110058