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Important Banking Awareness Questions IBPS Clerk
Q.1. Which of the following is /are the most important component of the liabilities of Commercial Banks in India ?
- (A) Demand deposits
- (B) Time Deposits
- (C) Inter-Bank liabilities
- Only A
- Only B
- A and C
- All A, B and C
- None of these
Q.1.(2) The most important component of the liabilities of Commercial Banks in India is Time Deposits.
Q.2. Which of the following is an example of near money ?
- (1) Small coins of 50 paise
- (2) Fiat Money
- (3) Bank Draft
- (4) Treasury Bills
- (5) None of these
Q.2.(4) Treasury Bills is an Example of Near Money.
Q.3. What are Teaser Loan rates charged by Banks ?
- (1) Rate of interest in the initial period is more and it goes down subsequently.
- (2) Rate of interest in the intial period is less and goes up subsequently.
- (3) Fixed Rate of interest charged by Banks
- (4) Floating rate of interest charged by Banks.
- (5) None of these
Q.3.(2) Teaser loan are those loan in which rate of interest in the initial period is less and goes up subsequently.
Q.4. When does the Central Bank increases the minimum statutory cash reserve ratio of the Commercial Banks ?
- (A) When the economy is in deflationary condition
- (B) When the economy is experiencing inflation
- (C) When the Central Bank aims credit contraction.
- A and C
- All A, B and C
- B and C
- Only B
- None of these
Q.4.(3) The Central Bank increases the minimum Statutory cash reserve ratio of the Commercial Banks when the economy is experiencing Inflation and the Central Bank aims credit contraction.
Q.5. Opening the Saving Bank Account of a minor girl will be called as which of the following in Banking terminology ?
- (1) Retail Banking
- (2) Merchant Banking
- (3) Institutional Banking
- (4) Social Banking
- (5) Corporate Banking
Q.5.(1)
Q.6. Non Performing Assets are those assets which are overdue for a period of more than ?
- (1) 90 days in interest and/or installment in term of loan.
- (2) 90 days out of order in case of over draft/cash credit. Bills purchased and Bills discounted.
- (3) 2 harvest seasons for advances for cultivation of short duration crops.
- (4) All of the above
- (5) None of these
Q.6.(4
Q.7. Many times we read a term CBS used in banking operation. What is the full form of the letter 'C' in the term 'CBS'?
- (1) Core
- (2) Credit
- (3) Continuous
- (4) Complete
- (5) None of these
Q.7.(1)
Q.8. Which of the following was the first commercial Bank of limited liability managed by Indians ?
- (1) Punjab National Bank
- (2) Oudh Commercial Bank
- (3) Imperial Bank of India
- (4) Bank of Baroda
- (5) None of these
Q.8.(1) The first Bank with Limited Liability to be managed by Indian Board was Oudh Commercial Bank. It was established in 1881 at Faizabad. This bank failed in 1958. The first bank purely managed by Indians was Punjab National Bank, established in Lahore in 1895.
Q.9. Which of the following institution is considered as ' soft loan window' ?
- (1) IMF
- (2) IBRD
- (3) IDA
- (4) IFC
- (5) None of these
Q.9.(3) International Development Asociation which is world Bank affiliate is connsidered as 'soft loan' window.
Q.10. Variable Reserve Ratio and Open Market Operations are instruments of
- (1) Fiscal policy
- (2) Monetary policy
- (3) Budgetary policy
- (4) Trade policy
- (5) None of these
Q.10.(2) Wariable reserve ratio open market operations are Instrument monetary policy.
Q.11. In which year SMERA(Small & Medium Enterprises Rating Agency) was established ?
- (1) 2002
- (2) 2005
- (3) 2008
- (4) 2001
- (5) None of these
Q 11.(2) MERA (Small & medium enterprises rating agency) was established in 2005.
Q.12. Certificates of Deposits can be issued for a minimum period of
- (1) 1 year
- (2) 6 months
- (3) 4 months
- (4) 3 months
- (5) 45 days
Q.12.(4) CD was introduced to enable banking system to mobilize bulk deposits from the market, which they can have at competitive rates of interest. They can be issued by all scheduled commercial banks and all India FI's with their umbrella limits.
Q.13. When does the central Bank increase the minimum statutory cash reserve ratio of the commercial banks ?
- (1) When the economy is in deflationary condition
- (2) When the central Bank aims credit expansion
- (3) When the economy is in recession
- (4) 1, 2 and 3
- (5) None of these
Q.13.(5) RBI increases the minimum Statutory Cash Reserve Ratio of Commercial banks when the economy is experiencing inflation and when the central bank aims credit contraction.
Q.14. Near Money is defined as an
- (1) Asset which is not usable as a medium of exchange but has as store of value.
- (2) Asset that serves as a temporary medium of exchange and has a store of value.
- (3) Asset which adequately fulfill Store of value function and is readily convertible into a medium of exchange but is not itself a medium of exchange.
- (4) Asset which has a store of value & 100% liquidity
- (5) None of these
Q.14.(3) Assets that can be quickly convertible into cash.
Q.15. Forced saving refers to
- (1) Taxes on individual income & wealth
- (2) Compulsory deposits imposed on income tax payers
- (3) Provident fund contributions of private sector employees
- (4) Reduction of consumption consequent to a rise in prices
- (5) None of these
Q.15.(2) Forced savings are when consumers are not allowed to spend all of their income upon current consumption either self imposed or imposed by contract.