Banking Awareness IBPS RRB PO-Mains

Q1. Which of the following is not a measure of the Risk Management in Banks?

(a) CRR

(b) RTGS

(c) SLR

(d) Deposit Insurance

(e) None of the given options is true

Q2. NPA stands for- 

(a) National ­performing Assets 

(b) New ­performing Assets 

(c) Non ­production Assets 

(d) Non ­performing Assembly

(e) Non ­performing Assets

Q3. MUDRA is a financial institution has been set up by Government of India for development and refinancing micro-units’ enterprises. What is the meaning of "A" in MUDRA?

(a) Agency

(b) Association

(c) Assembly

(d) Agent

(e) Alert

Q4. MUDRA stands for- 

(a) Micro Units Development & Refinance Agent

(b) Midium Units Development & Refinance Association

(c) Micro Units Department & Refinance Agency 

(d) Micro Units Development & Refinance Agency

(e) Micro Unique Development & Refinance Assembly

Q5. India was one of the first in Asia to recognize the effectiveness of the EPZ model in promoting exports. EPZ stands for-

(a) Export Point Zone

(b) External Processing Zone

(c) Export Production Zone

(d) Export Processing Zone

(e) Export Processing Zonal

Q6. The concept of insuring deposits kept with banks received attention for the first time in the year ___________ after the banking crises in Bengal. 

(a) 1941

(b) 1933

(c) 1961

(d) 1948

(e) 1919

Q7. The Deposit Insurance Corporation (DIC) Bill was introduced in the Parliament on August 21, 1961. After it was passed by the Parliament, the Bill got the assent of the President on December 7, 1961, and the Deposit Insurance Act, 1961 came into force on January 01st-

(a) 1962

(b) 1975

(c) 1956

(d) 1949

(e) 1935

Q8. The Reserve Bank of India was promoted a public limited company on January 14th 1971, named the CGCI. What was the meaning of first "C" in CGCI?

(a) Common

(b) Conclusion

(c) Corporation

(d) Concept

(e) Credit

Q9. The DIC Bill was introduced in the Parliament on August 21st, 1961. What is the meaning of "D" in DIC?

(a) Distance

(b) Development

(c) Deposit

(d) Demand

(e) None of the given options is true

Q10. DICGC stands for- 

(a) Deposit Investment and Credit Guarantee Corporation 

(b) Deposit Insurance and Credit Guarantee Corporation

(c) Deposit Insurance and Credit Guarantee Company 

(d) Demand Insurance and Credit Guarantee Corporation 

(e) Deposit Instalment and Credit Guarantee Corporation 

Q11. ______________ is basically charged when a person uses a credit card to obtain cash.

(a) Early Repayment Charge

(b) Redemption Fee

(c) Transaction Fee

(d) Cash Advance Fee

(e) None of the given options is true

Q12. Which is an interest-free period that is to be given by a creditor to the debtor?

(a) Fixed Period

(b) Preset Period

(c) Grace Period

(d) All of the Above

(e) None of the given options is true

Q13. ________ is a cheque rather an amount of cheque, which is above the balance available in the account of the payer.

(a) Travellers cheque

(b) Multicity Cheque

(c) Mutilated Cheque

(d) Over Draft

(e) Bad Debts

Q14. A cheque for a fixed amount that may be cashed or used in payment abroad after endorsement by the holder’s signature is known as ___________

(a) Travellers cheque

(b) Multicity Cheque

(c) Mutilated Cheque

(d) Crossed Cheque

(e) None of the given options is true

Q15. __________ An asset, including a leased asset, becomes non­ performing when it ceases to generate income for the bank.

(a) NPA

(b) KCC

(c) NPV

(d) GDP

(e) GNP

Solutions:

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