Banking Awareness Quiz for SBI Clerk Mains (Part - 10)

Published on Sunday, June 26, 2016

Ques 1.
Foreign citizen of Indian origin is :
(a) person  of Indian Origin
(b) Non relating Indian 
(c) Ordinary  Non Resident
(d) foreign National

Ques 2.
Out of the following  who is not customer of the bank :
(a) Term deposit  account holder
(b) "Cash Credit on hypothecation" account  holder
(c) outstation party from whom the bank has received a bill of exchange for collection
(d) local party from whom the bank has received a bill of exchange for collection

Ques 3.
The Statutory definition of the term 'banking " is given in :
(a) The Negotiable Instruments Act, 1881
(b) The Reserve  Bank  of India Act, 1934
(c) The Companies Act. 1956
(d) The banking Regulation Act, 1949

Ques 4.
Regional Rural Banks were established in the year :
(a) 1968
(b) 1970
(c) 1975

Ques 5.
Which of the following  terms is not used in the world of economics/finance :
(a) Sinking Fund
(b) Third World
(c) Open Door Policy
(d) Devaluation

Ques 6.
Which of the following is the name of the organization created specifically to develop small scale industrial sector in our country :
(b)  SEBI
(d) AMFI

Ques 7.
The credit-deposit ratio of ...... is highest in the banking sector :
(a) Foreign Banks
(b)  Regional Rural Bank
(c) Public Sector Bank
(d) private sector Bank

Ques 8.
Committee on decontrolling the prices of petrol and diesel was headed by :
(a) kelkar Vijai
(b) Rangrajan
(c) Abhijit Sen
(d) Kirit S. Parekh

Ques 9.
Kisan credit Cartds ( KCC) Scheme was formulated in the year :
(a) 1996
(b) 1997
(c) 1998
(d) 1999

Ques 10.
In the case of advance against fixed deposit receipts issued by Banks :
(a) the deposit receipts are assigned to the bank
(b) the deposit receipts are  hypothecated  to the bank
(c) the deposit receipts are mortgaged  to the bank
(d) a lien is created in favour of the bank on the deposit receipts

Ques 11.
The essential features  of securitisation  are :
(a) Acquisition of financial  Assets by a securitisation or Reconstruction company
(b) The Assets  may be NPA or standard
(c) On sale the asset go out of the Books of the Originator 
(d) All of the above

Ques 12.
A Bank may prefer to invest in corporate Bonds because :
(a) Bond is more liquid Asset
(b) Bond has an easy exit
(c)Bond can be sold at discount
(d) All of the above

Ques 13.
The advantages of securitisation  for a Bank is :
(a) It provides liquidity to the issuing Bank
(b) The Bank capital does not get blocked
(c) Securitisation proceeds can be used for fresh lending
(d) All of the above

ques 14.
Which of the following is true :
(a) Surrplus funds with the banks can be invested in pass through certificates
(b) This will be indirect expansion  of credit portfolio
(c)  Both A and B
(d) all of the above 

Ques 15.
The process of credit Derivative involves :
(a) The protection seller guarantees payment of principal and interest or both of the asset owned by the Protection  Buyer in case of credit default
(b) The Protection Buyer pays a premium to the Protection Seller
(c) Both A and B
(d) None of the above

Ques 16. 
Which one of the following statements is incorrect :
(a)  Advances against gold ornaments are exempt from NPA norms
(b) Classification of NPA should be done borrower wise and not facility wise
(c) An NPA need not go through the various stages of classification
(d) The existance  of security should be ignored if the value is less than 10 per cent of the  outstanding in the borrowal  account

Ques 17.
Specially developed Economic Zones in India  where some of  the economic laws and  restrictions  of the land are relaxed with the purpose of giving incentives to investors are commonly  known as :
(a)Preferential zones
(b) Economics Corridors
(c) Industrial Parks
(d) Special Economic Zones

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