Banking awareness - 6 | SBI | IBPS

1. SWIFT is a commonly used acronym in the banking industry. The I in SWIFT stands for

 a)Interbank
b)International
c)Intercom
d)Indian

2.What does the term Open Market Operations refer to?
a)Selling of equities in the open market
b)Selling of commodities in the open market
c)Buying and Selling of government securities in the open market
d)Buying and Selling of products in the wholesale market.

3.Under which Act does, RBI issue directives to banks?
a)PMLA Act, 2002
b)RBI Act, 1934
c)DICGC Act, 1961
d)Banking Regulation Act, 1949

4.Which committee recommended the change in base year of the Wholesale Price Index?
a)Narsimhan committee
b)Vijay Kelkar committee
c)Srikrishna committee
d)Abhijit Sen committee

5.__________ is the new base year of the New Consumer Price Index series?
a)2009
b)2008
c)2006
d)2010

6.___________ isn't a method of measurement of National Income
a)Value-added method
b)Income method
c)Investment method
d)Expenditure method

7. In India, the commercial banks are required to provide __________% of ANBC (Adjusted Net Bank Credit) to priority sector.
a)15
b)25
c)35
d)40

8.What does FSDC stand for?
a)Financial Security and Development Council
b)Financial Stability and Development Council
c)Fiscal Security and Development Council
d)Fiscal Stability and Development Council

9.Since April 1, 2012 ________ has become the validity of cheques and bank drafts
a) 2 months
b)3 months
c)4 months
d)6 months

10.On what basis is Ad Valorem Tax levied?
a)Volume
b)Value
c)Imports
d)Exports

Answers

1.(a)
2.(c)
3.(d)
4.(d)
5.(d)
6.(c)
7.(d)
8.(b)
9.(b)
10.(b)