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Important_Banking_Awareness_Questions_for_Upcoming_Bank_PO_and_Clerk_Exams_Part-V-
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Important Banking Awareness Questions for Upcoming Bank PO and Clerk Exams Part-V
1).Which of the following co-operative banks is considered as the first Co-operative Bank in
India?
a) Amanath Co-operative Bank Ltd
b) Anyonya Co-operative Bank
c) Greater Bombay Co-operative Bank Ltd
d) Abhyudaya Co-operative Bank Ltd
2).In India Agricultural Co-operative Banks was started at_________.
a) 1929
b) 1950
c) 1904
d) 1980
3).Co-operative Banks in India are registered under__________.
i) Banking Laws (Co-Operative Societies) Act, 1965
ii) Banking Regulation Act, 1949.
iii) Companies Act, 1956.
a) Only i)
b) i) and ii)
c) ii) and iii)
d) i), ii) and iii)
4).According to the Sarraya Committee, average membership of the societys is______.
a) 19
b) 48
c) 25
d) 32
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5).Barring which of the following two states, in all states of the country, these societies have
unlimited liability?
a) Kerala and Karnataka
b) Assam and Madhya Pradesh
c) UP and Bihar
d) Karnataka and Rajasthan
6).Co-Operative Development Bank was set up by__________.
a) NABARD
b) RBI
c) SBI
d) Central Government
7).Co-Operative Banks in India do not finance rural areas under_______.
a) Personal Finance
b) Small Scale Unit
c) Farming
d) Cattle
8).Co-Operative Bank in India has a________.
a) Four tier system
b) Two tier system
c) Three tier system
d) Five tier system
9).Which of the following statements is TRUE about National Federation of State Co-Operative
Banks?
a) Provides research and consultancy inputs to the member banks
b) Promotes and protects the interests of the member banks
c) Provides a common forum to the member banks
d) All of the above
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10). The State Co-Operative Bank, being the Apex Bank at the State level______.
a) Provides the link between the RBI and the money market on one hand, and the
entire co-operative credit structure on the other
b) Acts as the custodian of the surplus resources and the reserves of the Central
Co-operative Banks and supplements them by attracting sizeable deposits and
by obtaining loans from RBI.
c) Operates as balancing centre for the movement of the resources in the entire
state
d) All of the Above
Answers:
1). b) 2). c) 3). a) 4). d) 5). c) 6). a) 7). b) 8). c) 9). d) 10). d)
11).The rate of Interest payable on a bank deposit is determined by _________.
a) Financial Ministry
b) The bank concerned
c) Indian Banks Association
d) RBI
12).What is the maximum period for which a fixed deposit can be accepted by a Commercial
Bank?
a) 10 years
b) 15 years
c) 12 years
d) 14 years
13).Which of the following instruments cannot be presented for payment in a clearing house?
a) Dividends
b) Demand draft
c) Fixed deposit receipt
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d) None of these
14).An average citizen cannot open a savings account in which of the following?
a) Cooperative Bank
b) Post Office
c) Commercial Bank
d) RBI
15).Who among the following cannot open a bank account?
a) Person of unsound mind
b) A minor
c) A blind individual
d) A illiterate person
16).Which among the following schemes is NOT meant for investment purpose?
a) Mutual funds
b) Infrastructure bonds
c) National Savings certificates
d) Letter of Credits
17).Savings accounts with zero balance can be opened for_______.
a) Employees of IT companies
b) Women customers
c) Weaker sections of society
d) Persons of high net worth
18).Systematic Investment plans are related to _________.
a) Mutual Funds
b) Post office savings schemes
c) Life Insurance Companies
d) Commercial Banks
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19).RBI stipulates a healthy mix of CASA in the business figures of banks. What does it
denotes?
a) Credit and savings aggregate
b) Cost Appreciation and selling Analysis
c) Current Account and Savings Account
d) Customer Analysis and Savings Pattern
20).Banks are authorized to sell which of the following third party products?
a) Mutual Funds
b) Debit cards
c) Gift Cheques
d) Term Deposits
Answers:
11). b) 12). a) 13). c) 14). d) 15). a) 16). d) 17). c) 18). a) 19). c) 20). a)
21).What is the primary functions of Central Co-Operative Bank?
a) To channelize the flow of funds from the state Co-Operative Banks
b) Mobilise the resource in the district for financing its members to the maximum
extent possible.
c) Both of the above
d) None of these
22).A Central Co-operative Bank is generally headquartered at_________.
a) State capital
b) An important town of the district
c) Same place which is the headquarter of the district
d) None of these
23).The Primary credit society____________.
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a) Is the best agency to inculcate the habit of thrift, self-help and mutual help among
its members.
b) Is engaged in securing for its members services of various kinds.
c) Forms the base of the co-operative credit structure and on its working depends to
a large extent, the soundness of the whole co-operative credit structure.
d) None of the above
24).The common feature of the agricultural credit societies in the country is that_________.
a) Only small and marginal farmers are their members
b) The agriculturists are their members
c) The persons living in cities and town are their members
d) All of these
25).How many types of primary agricultural credit societies are there in our country?
a) Service Co-Operative
b) Other small-size societies
c) Large-size societies which include Rural Banks, Agricultural Banks and Credit
Unions
d) None of these
26).The Primary Functions of the service co-operatives are___________.
a) Collection of agricultural products for sale through the marketing society
b) Supply of agricultural and other production requirements
c) Provision of short and medium term credit
d) All of these
27).The viability of a primary credit society implies?
a) To appoint a full-time paid secretary
b) To constitute reserves on the scales considered necessary and to pay a
reasonable dividend on capital
c) Its ability to setup a regular office of its own
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d) All of the above
28).The weakest link in the co-operative credit system is_________.
a) Presence of multiple structure and diverse nature of various types of primary
societies
b) The non-viability of a large number of primary agricultural credit societies
c) Non-availability of published data on their functioning
d) None of these
29).The general approach to the loaning policies and procedures of Co-operative Banks has
been to__________.
a) Implement the crop loan system in all its aspects
b) Provide a window for marketing of agricultural products
c) Allow only long term loans to the farmers extending beyond 20 year for
development on land
d) All of these
30).Primary (Urban) Co-operative bank is required to classify an asset as non-performing if the
interest and/or installment of the principle remain overdue for a period of more than__________.
a) 90 days
b) 120 days
c) 60 days
d) 100 days
Answers:
21). c) 22). c) 23). d) 24). b) 25). d) 26). d) 27). d) 28). b) 29). a) 30). a)
31.) For repayment of loan availed from Banks/ NBFC we come across a term known as EMI.
What does it stand for?
a) Equated Money Index
b) Easy Money Installment
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c) Equated Monthly Installment
d) Equal Monthly Installment
e) Equal Minimum Installment
32.) Many a times we read in the news paper about CASA deposits of banks. CASA deposits
are
a) Demand deposits
b) Term deposits
c) Hybrid deposits
d) Recurring deposits
e) Special schemes of banks
33.) While investing in mutual funds we come across a term called NAV. What is the meaning
of NAV?
a) Net Annual Value
b) Non Asset Value
c) Net Actual Value
d) Net Average Value
34.) Despite good number of ATMs many people still visit the bank branches. Which of the
following reason can be attributed to this issue?
1) It does not accept deposits.
2) It has a limited cash disbursement capacity.
3) Lack of human interface.
a) Only (1)
b) Only (2)
c) Only (1) and (2)
d) Only (1) and (3)
e) All (1), (2) and (3)
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35.) The market in which long term securities such as stocks are bought and sold is commonly
known as_______
a) Bullion Market
b) Commodities Exchange
c) Forex Market
d) Capital Market
e) Money Market
36.) Federal Reserve is a financial organization of which of the following country?
a) USA
b) Britain
c) Germany
d) Greece
e) Japan
37.) Whose signature is found on a 50 rupee currency note of India?
a) President of India
b) Governor, RBI
c) Finance Minister
d) Prime Minister of India
e) Secretary, Ministry of Finance
38.) Wages of the workers engaged in Mahatma Gandhi National Rural Employment Act are
not based on ______
a) Wholesale price Index
b) Prime lending rate of banks.
c) Repo Rate stipulated by the RBI
d) Consumer Price Index
e) Index of Multi Commodity Exchange
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39.) As percent figures infant Mortality Rate in India has come down by few points. Which
organization / agency compiles this data?
a) Planning Commission of India
b) Ministry of Rural Development
c) Ministry of Social Welfare
d) National Advisory Council
e) Census Commission of India
40.) Which of the following institutions is involved mainly in granting Housing Loans?
a) RBI
b) SBI
c) IBA
d) ICICI
e) HDFC
Answers:
31). c) 32). a) 33). d) 34). e) 35). d) 36). a) 37). b) 38). d) 39). e) 40). e)
41).Which of the following terms is not related to banking?
a) Repayment
b) Loan
c) NPA
d) Fasting
e) Deposit
42).Almost all banks in our country have introduced facility for granting crop loans to farmers.
a) Term Loans
b) Kisan Credit Cards
c) Bank Guarantee
d) Foreign Exchange
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e) Reverse Mortgage
43).Which of the following is not considered one among the loans under Retail Banking?
a) Car loan
b) Housing loan
c) Personal loan
d) Education loan
e) Infrastructure loan
44).What is meant by financial inclusion?
a) Making available banking services at an affordable cost
b) Opening Savings Accounts in Rural area without any deposit
c) Opening any type of account without introduction
d) Distributing money through rural branches
e) All the above
45).What is the full form of ECB and it is many times we read the term ECB in newspapers?
a) Essential Commercial Banking
b) European Credit Borrowing
c) External Credit Business
d) External Commercial Borrowing
e) None of these
46).What is the minimum and maximum limit (In Rupees) prescribed for RTGS transactions?
a) The minimum prescribed limit is Rs.1lac and maximum Rs.10 lacs
b) The minimum prescribed limit is Rs.25000 and maximum Rs.11 lac
c) The minimum prescribed limit is Rs.2 lacs and there is no maximum limit
d) The minimum limit is Rs.25000 and there is no maximum limit prescribed
e) The minimum is Rs.10 lacs and maximum limit is Rs. 100 lacs.
47).Which of the following is a Public Sector Undertaking?
a) Bharat Electronics Ltd
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b) Bharati Airtel
c) HDFC Bank
d) Grasim Industries
e) HCL Technologies
48).Which of the following is a Private Sector Bank of India?
a) Corporation Bank
b) Kotak Mahindra Bank
c) IDBI Bank
d) Syndicate Bank
e) Oriental Bank of Commerce
49).Non convertible debentures are
a) Debt instruments which acquire equity status at issuers option
b) Debt instruments which acquire equity status at investors option
c) Debt instruments which acquire equity status with permission of Register of
Companies
d) Debt instruments which acquire equity status on maturity
e) Debt instruments which retain their debt character and cannot acquire equity
status.
50).IRDA norms will boost online distribution_ was the news in some major newspapers.
This means online distribution of which of the following will boost up?
a) Bank products
b) Insurance policies/products
c) Licenses to open new banks/branches of existing banks
d) Licenses to operate 2G/3G spectrums
e) Permits for export of iron ore
Answers:
41). d) 42). b) 43). e) 44). e) 45). d) 46). c) 47). a) 48). b) 49). c) 50). b)
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