Banking awareness - 12 | SBI | IBPS

1. Which of the following Acts was framed specially to deal more effectively with problem of Non-Performing Assets in banking system?

a) SARFAESI ACT
b) Banking Regulation Act
c) Foreign Exchange Management Act
d) Industrial Dispute Act
e) None of these

2. Yuan is the currency of -

a) Japan
b) China
c) Indonesia
d) Myanmar
e) None of these

3. National Savings Certificate matures at the end of -

a) Six years
b) Three years
c) Six and half years
d) Five years
e) Five and half years

4. The term 'Power of Attorney' refers to -

a) Power of a person
b) An authority to operate a Bank account
c) An instrument by which a person is empowered to act for another person
d) All of the above
e) None of these

5. The advantage of convenience in credit card operations is for -

a) Customers
b) Member Establishments 
c) Banks
d) All the above
e) None of these

6. Which of the following organizations provide credit history of the borrowers?

a) CIBIL
b) SEBI
c) RBI
d) CRISIL
e) IBA

7. Loans/advances to farmers is treated as -

a) Personal Loans
b) Priority Sector Loan
c) Business Loan
d) Corporate Loan
e) None of these

8. With which one of the following 'Channel Financing' is associated?

a) Retail Lending
b) Corporate Lending
c) SME Lending
d) Supply Chain Finance
e) None of these

9. A customer can approach banking ombudsman if he does not get satisfactory response to his grievance from the bank with in how many days?

a) 10
b) 20
c) 45
d) 30
e) 60

10. What is the full text of FRBM -

a) Financial Responsibility and Business Management
b) Financial Responsibility and Business Management
c) Financial Responsibility and Budget Management
d) Fiscal Responsibility and Budget Management
e) None of these

Answers 

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