Banking Awareness Quiz for RBI Assistant Mains 2016-17

Q1. National Income of India is estimated by?
(a) Central Estimates Survey Committee
(b) National Sample Survey Committee
(c) Central Statistical Organization
(d) Finance Ministry
(e) None of the above


Q2. Net National Product is equivalent to-
(a) Gross Domestic Product minus Depreciation
(b) Gross National Product minus Indirect Taxes
(c) Net National Income minus Depreciation
(d) Gross National Product minus Depreciation
(e) None of the above

Q3. Nomination facility is available to-
(a) Individuals/Sole Proprietorship accounts/Private Limited Companies
(b) Individuals/Sole Proprietorship Accounts/Partnership Accounts
(c) Individuals/Sole Proprietorship Accounts
(d) All of the above
(e) None of the above

Q4. Off Shore Banking Unit is?
(a) a unit which is situated in Foreign country
(b) a unit which is situated in Special Economic Zones and deals in foreign currency only
(c) a unit which is actively participating in lending foreign currency loans and in joint ventures
(d) All of the above
(e) None of the above

Q5. Which of the following is the apex authority for Direct Taxes? 
(a) CBDT
(b) CBEC 
(c) RBI 
(d) SEBI 
(e) None of the above

Q6. If a bank is unable to refund the short term deposits as funds are locked in long term loans, it involves?
(a) Interest Rate Risk
(b) Operational Risk
(c) Liquidity Risk
(d) Market Risk
(e) None of the above 

Q7. 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 the above 

Q8. If a currency note is demonetized, it takes away the ________ of that currency.
(a) legal tender character
(b) exchange rate
(c) value
(d) All of the above
(e) None of the above 

Q9. If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the-
(a) Loan Applications Received and Disposal Register
(b) Opinion Reports
(c) Loan Rejection Register
(d) All of the above
(e) None of the above

Q10. In case of Term Loans, the period of limitation is calculated as three years from?
(a) Date of documents
(b) Date of sanction
(c) Date of default
(d) Due date of each installment
(e) None of the above

Q11. Which is not e-banking software?
(a) ECS
(b) MICR
(c) RTGS
(d) PIPS
(e) None of the above

Q12. Which is the feature of IBS (Integrated Banking System)?
(a) Multi Currency 
(b) Multi Entity 
(c) Multi Branch 
(d) All of the above
(e) None of the above

Q13. What does CBS stands for in Banking?
(a) Core Banking Solution
(b) Central Banking System 
(c) Currency Bank Software 
(d) Centralized Banking Software
(e) None of the above

Q14. In core banking systems?
(a) Store and forward of transaction is done
(b) Branch server is not required 
(c) Local Database is not required 
(d) Transaction cannot happen form a non-home branch
(e) None of the above

Q15. Which of the following is the example of the brand of SBI? 
(a) SBI Mutual Fund
(b) Saving and Current Deposits 
(c) Car Loan 
(d) Home Loan
(e) None of the above


ANSWERS :

1. c
2. d
3. c
4. b
5. a
6. c
7. d
8. a
9. a
10.d
11.d
12.d
13.a
14.a
15.a

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