Banking / General Awareness for IBPS and Clerks Exams

1.Retail banking includes advances given by banks for which of the following purposes ?
a) Debit and Credit Cards
b) Global Travel Utility Cards
c) Festival Cards/Personal loans/gold loans
d) House Purchase/Construction loans
e) All the above

2.Remote banking has become very popular among whom ?
a) Corporate customers especially big business/industrial houses which are already automated
b) Vehicle owners
c) Students who are studying in colleges in India
d) Senior citizens
e) None of these

3.To avail personal loans / Janata loans in banks, which of the following is most important?
a) Age: between 21 years and 55 years
b) Sufficient disposable income to repay the loans in EMIs
c) Persons, who are not going to retire in the next one or two years
d) All the above
e) None of these

4.What is Retail Banking?
a) Banking targeted at corporates
b) Banking focused towards weaker class segment
c) Banking deals with individuals and lends them money
d) Banking deals with wholesalers for deposits source
e) None of these

5.Which business model approach is more suitable for retail banking in India?
a) Strategic business unit approach
b) Departmental approach
c) Integrated approach
d) Any one of the above
e) None of these

6.Pricing of products and services in banks is mainly driven on which basis?
a) Asset Liability Management
b) Regulatory advice’s from RBI
c) Structured step up pricing practice
d) Both (a) and (b)
e) None of these

7.What do you mean by ‘Credit score’ in banking terminology?
a) Risk perception
b)Assessing Credit Worthiness
c) Snap shot of consumer’s credit report
d) All the above
e) None of these

8.Which is called as ‘big ticket personal loan’?
a) An unsecured loan given for any social/financial purpose in the average range of Rs.One Lakh and above
b) Loans given to High Net Worth Customers
c) Secured personal loan
d) An unsecured loan below Rs.50,000
e) None of these

9.In the abbreviation RLPC, the letter Rstands for what?
a) Regular
b) Retail (RLPC: Retail Loan Processing Centre)
c) Regional     
d) Rate 
e) None of these

10.Credit card holder is allowed to make use of the card at a special Merchant Establishment (ME) to pay for the goods and services.  Which of the following Canberra called as Merchant Establishment ?
a) Specified retail outlet
b) School
c) College    
d) Temple
e) None of these

11.Normally what is size of the credit card?
a) 10′ x 10′ 
b) 5′ x 5 ‘  
c) 8.5 cm x 5.5 cm
d) 2.5 cm x 3 cm
e) None of these

12.The credit card is a pay-laterproduct asthe holderis charged much afterthepurchase. The card holder enjoys credit normally for how many days?
a) 60 days
b) 90 days
c) 30 to 40 days
d) six months
e) None

13.The short term component of the Kisan Credit Card (KCC) is in which nature ?
a) revolving cash credit facility
b) free donation
c) gift
d) subscription
e) None of these

14.Kisan Credit Card(KCC) holder should have the option to take which benefit?a) Assets insurance
b) Accident Insurance
c) Health Insurance  
d) All the above
e) None of these

15.Kisan Credit Card (KCC) Scheme meets which of the following needs?
a) adopting whole farm approach
b) short term credit needs
c) reasonable component for consumption needs
d) All the above
e) None of these

16.The passbook provided to Kisan Credit card (KCC)holders may be divided into how many portions for maintaining the records?
a) Short term credit / crop loans
b) Working capital credit for activities allied to agriculture
c) term credit
d) All the above three
e) None of these

(Theterm loan component will be repayablewithin a maximum period of 5 years,depending on the type of activity/invest-ment, as perexisting guidelines)
a) 6 months  
b) 12 months  
c) 3 months
d) 4 months  
e) None of these

18.When the Kisan Credit Card (KCC)Scheme was introduced ?
a) 2000
b) August, 1998
c) 2004
d) 2014
e) None of these

19.Who are eligible for Kisan Credit Cards(KCC)?
a) All farmers – individuals/ joint borrowers who are owner cultivators
b) tenant farmers, oral lessesees & sharecroppers
c) Self Help Groups or Joint Liability Groups of Farmers
d) Tenant farmers, share croppers etc.
e) All the above

20.SLR assets , the value of which shall not,at the close of business on any, be less than how much from January 7, 2017 ?
a) 24% 
b) 20.50%
c) 27% 
d) 28% 
e) 42%

21.SLR can be in which of the following?
a) Cash
b) Gold
c) Dated Securities of Government of India
d) Treasury bills
e) All the above

22.What is “Liquidity Adjustment Facility”(LAF) ?
a) Water availability
b) It means  Repo auctions (for injection ofliquidity) and reverse repo auctions (for absorption of liquidity) conducted by the Reserve Bank of India
c) Melting of ice in the Himalayas
d) Melting of ice in Glaciars
e) None

23.What is “Marginal standing facility”(MSF) ?
a) Standing near an agricultural field
b) The facility under which the eligibleentities can avail liquidity support from theReserve Bank against SLR securities, up toa certain per cent of their respective NDTLoutstanding at the last Friday of the second preceding fortnight
c) Facility in Government
d) Facility in UNO
e) None of these

24.What is “Market borrowing programme”?
a) Borrowing by companies
b) the domestic rupee loans raised by the Government of India and the State Governments from the public and managed by the ReserveBank through issue of marketable securities,governed by the provisions of the GovernmentSecurities Act, 2006, Public Debt Act, 1944 andthe Regulations framed under those Acts,through an auction or any other method, as specified in the notification issued in this regard.
c) borrowing from private money lenders
d) borrowing from IMF
e) None

25.Which of the following is correct relating Primary Co-operative Bank”?
a) the primary object or principal business of which is the transaction of banking business
b) the paid-up share capital and reserves of which are not less than one lakh of rupees
c) the bye-laws of which do not permit admission of any other cooperative society as a member
d) All the above
e) None of these

26.Where is the headquarters of Trans Union CIBIL Limited ?
a) Mumbai
b) Kakinada
c) Rajahmundry
d) Visakhapatnam
e) None of these