Election Day- Use Code DEMOCRACY24

Register Now

Banking Awareness Quiz for SBI Clerk Mains (Part - 12)

Published on Thursday, June 30, 2016
banking quiz
Ques 1.
What are "Z Group Shares " :
(a) These are shares of companies which comply with the stock Exchange Listing Agreement fully
(b) These are shares of companies which do not comply  with the stock Exchange Listing Agreement fully
(c) A special category of shares reserved for high worth individuals
(d) None of the above

Ques 2.
When does a person become insolvent :
(a)  When he is left with no property of his own
(b) When he is declared an insolvent by the Court
(c) When he is terminated from a job he was  holding
(d) When he declares himself to be an insolvent

Ques 3.
Which Committee had recommended the introduction of Electronic Funds Transfer ( EFT) System :
(a)  C. Rangarajan Committee
(b) Narasimham  Committee
(c) Y.V Reddy Committee
(d) K.S. Shere  Committee

 Ques 4.
Who is a " Proxy" in relation to Companies :
(a) A person who acts on behalf of another  in a company's meeting
(b) A Proxy has no right to speak at a meeting
(c) Both A and B
(d) None of the above

Ques 5.
'Know Your Customer Guidelines' issued by RBI helps in :
(a) customer identification while opening accounts
(b) adopting anti-money laundering  measures
(c) Identifying suspicious transaction
(d) All of these

Ques 6.
Customer Day in the bank is on and customers are allowed to meet the top officials of the bank on this day in every month :
(a) 5th
(b) 10th
(c) 15th
(d) 30th

Ques 7.
Expand " ROCE" :
(a) Return Over Capital Expenditure
(b) Return Over Capital Employed
(c) Return  On Capital Employed
(d) None of these

Ques 8.
For a foreigner temporarily residing in India, type of account to be opened is :
(a) Resident Account
(b) NRO
(c)  NRE
(d) None of these

Ques 9.
Generally banks borrow in Call Money Market for :
(a) maintaining Cash Reserve Ratio ( CRR) 
(b) Investment with central  Government
(c) Credit for infrastructure 
(d) none of the above

Ques 10.
Mutual Fund Scheme that operates continuously without any limit entry for subscription and redemptions is :
(a)Fixed Income
(b) Specific Fund
(c) Close Ended
(d) Open Ended

Ques 11.
The components of Tier 1 capital of a banking company include :
(a) capital reserve representing surplus arising out of sales proceeds of assets
(b) paid-up capital, statutory reserves and other disclosed free reserves ,if any 
(c) Both A and B
(d) none of the above

Ques 12.
Certificates of Deposits is :
(a) a certificates issued by IDBI about the financial soundness of a company to accept  deposits from public
(b) a certificate issued by a bank to income- tax  authorities stating that a particular amount was paid as interest to the depositor during the relevant financial year
(c) a certificates issued by Reserve Bank of India,stating the amount held by a bank
(d) a negotiable money market instrument and issued in dematerialised form or as a Usance promissory  Note, for funds deposited at a bank or other eligible financial institution for a specified time period.

Ques 13.
Which was the first committee recommended for establishment of Special Recovery Tribunals for books and Financial Institution :
(a) Tiwari Committee
(b) Ojha  Committee
(c) Narasimham Committee
(d) Rangarajan  committee

Ques 14.
Which of the following committees also recommended the set  up of Debt Recovery Tribunals :
(a) Committee on Financial Sector Reforms
(b) Committee on Customer Tribunals
(c) Committee on RRBs
(d) None of the above

Download Free Banking Awareness Study Guide here

ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu