Banking awareness - 14 | SBI | IBPS

1. Professor Muhammed Yunus, the recipient of the Nobel Peace Prize 2006, is the exponent of which of the following concepts in the field of banking?
a)Core Banking
b)Micro credit
c)Retail banking
d)Real Time Gross Settlement
e)Internet Banking

2.Invisible export means export of _________.
a)services
b)prohibited goods
c)restricted goods
d)goods as per OGL list
e)other than those given as options

3.Banks in India are required to maintain a certain portion of their demand and time liabilities with the Reserve Bank of India. This portion is called ________.
a)Statutory Liquidity Ratio
b)Cash Reserve Ratio
c)Bank Deposit
d)Reverse Repo
e)Government Securities

4.Pre-shipment finance is provided by banks only to _______.
a)credit card holders
b)students aspiring for further studies
c)brokers in equity market
d)village artisans
e)exporters

5.Banking Ombudsman is appointed by
a)Government of India
b)State Governments
c)RBI
d)ECGC
e)Exim bank

6.The holidays for the Banks are declared as per _______
a)Reserve Bank Act
b)Banking Regulation Act
c)Negotiable Instruments Act
d)Securities and Exchange Board of India Act
e)Companies Act

7.Interest on Savings Deposit nowadays is ________
a)fixed by RBI
b)fixed by the respective banks
c)fixed by the depositors
d)fixed as per the contract between Bank and the Consumer Court
e)not paid by the Bank

8.Interest below which a bank is not expected to lend to customers is known as ________.
a)Deposit Rate
b)Base Rate
c)Prime Lending Rate
d)Bank Rate
e)Discount Rate

9.The customers by opening and investing in the Tax Saver Deposit Account Scheme in a Bank would get benefit under ______.
a)Sales Tax
b)Customs Duty
c)Excise Duty
d)Professional Tax
e)Income Tax

10.In a banking business, when the borrowers avail a Term Loan, initially they are given a repayment holiday and this is referred as 
a)Subsidy
b)Interest waiver
c)Re-phasing
d)Interest concession
e)Moratorium

Answers

1.b
2.a
3.b
4.e
5.c
6.c
7.b
8.b
9.e
10.e