Banking and Finance Awareness

Banking and Finance Awareness. Welcome to the www.letsstudytogether.co online learning section. If you are preparing for IBPS PO/Clerk 2017 exam, you will come across a section on Banking and Finance Awareness Section. Here we are providing you Banking and Finance Awareness Questions for IBPS PO based on the latest pattern for your daily practice.

This “Banking and Finance Awareness Questions for IBPS Clerk 2017” is also important for other banking exams such as IBPS PO, IBPS Clerk, SBI Clerk, IBPS SO, SBI SO and other competitive exams.

Banking and Finance Awareness Questions: Set-20

1.Which of the following is a secondary function of commercial banks?

A. Taking deposits
B. Providing ATM service
C. Providing money on demand
D. Buying/selling securities
E. None of these

2. Loans of very small amounts given to low income groups is called……….?

A. Cash credit
B. Microcredit
C. Simple overdraft
D. No frills loans
E. None of these

3.New and re-issuable currency notes are stored in _____________maintained by the banks as agents of Reserve Bank of India.

A. Currency chests
B. Treasuries
C. Branches
D. Service units
E. None of the above

4.CASA deposits are ______
A. Demand deposits
B. Term deposits
C. Hybrid deposits
D. Recurring deposits
E. Special schemes of banks

5. Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact?
A. Less liquidity in the market
B. More liquidity in the market
C. No change in the liquidity in the market
D. Mobilization of more deposits by commercial-banks
E. None of these

6. A student has got admission to a foreign university. From where can he/she get the foreign currency?

A. From the Bank of that country only
B. From the Ministry of Foreign Affairs
C. From offIce of the Consulate General of the country
D. From an authorized foreign exchange dealer
E. None of the above

7.Portfolio Management Services (PMS) offered by banks to their customers are subject to regulation by

A. Competition Commission of India (CCI)
B. Securities and Exchange Board of India (SEBI)
C. Forward Markets Commission (FMC)
D. Provident Fund and Regulatory Department (PFRD)
E. The Reserve Bank of India

8.The government aims to launch SWAYAM Platform to provide at-least 350 online courses for enabling students to virtually courses. What does SWAYAM stands for?
A. Skill for Web based Active Learning for young Aspiring Minds
B. Study Webs of active-Learning for young Aspiring minds
C. Scientific and web Activated Learning for youth and Aspiring Minds
D. Scholarship in Web Active Learning for young Achieving Members

9.If a cheque presented through the Clearing House is returned unpaid for any reason, the banker has to enclose the cheque to a Returning Memo while returning the instrument to the customer. This provision has been prescribed under…?
A. Negotiable Instruments Act, 1881
B. Reserve Bank of India Act, 1934
C. Banking Regulation Act, 1949
D. RBI Clearing House Rules
E. None of these

10. The Forward Market Commission (FMC), the regulatory authority for commodity future market, is a –
A. Constitutional Body
B. Quasi-Judicial Organization
C. Statutory Body
D. Advisory Body
E. Consultative Body

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