Banking Awareness Quiz || 10 – 09 – 2018

Mentor for Bank Exams

Dear Aspirants,
Welcome to Mentor for Bank Exams. Here is the Banking Awareness Quiz to help you practice with the best of latest pattern questions for the upcoming IBPS PO, IBPS Clerk and other bank and Insurance Exams.
1. What is the maximum period that the beneficiary is allowed for presentation of documents under a letter of credit to the nominated bank for negotiation purpose?
A. 7 banking days
B. 14 banking days
C. 21 banking days or 21 days of date of bill of lading whichever is later
D. 21 calendar days from date of shipment i.e. date of bill of lading
E. 21 calendar days from date of the sailing of the ship to its destination

2. Which of the following is an electronic trading platform, operated by the Reserve Bank of India, used to facilitate the exchange of government securities and other money market instruments?
A. Negotiated Dealing System
B. Payment and Settlements System
C. Sachet
D. All of the above
E. None of these

3. CBLO Stands for _________
A. Collateralized Borrowing and Lending Obligation
B. Collective Borrowers and Lenders Obligation
C. Collateralized Borrowing and Lending Organization
D. Collective Borrowing and Lending Obligation
E. Collective Borrowers and Lenders Organization

4. What are the services available under IMPS?
B. Merchant Payments
C. Funds Transfer and Remittances
D. Both (A) and (B)
E. All of the above

5. Who is the father of Green Revolution in India?
A. Garry Backer
B. M. S. Swaminathan
C. Norman E. Borlaug
D. T.S.R. Subramaniam
E. None of these

6. Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of _______.
A. Rs.100 Crore
B. Rs.200 Crore
C. Rs.300 Crore
D. Rs.400 Crore
E. Rs.500 Crore

7. ’Blue Revolution’ is related to —
A. Space research
B. Poultry
C. Fisheries
D. Drinking water
E. None of these

8. In which of the following city, the first women Post office in the country has been established in March 2013?
A. New Delhi
B. Mumbai
C. Kolkata
D. Noida
E. Bangalore

9. A market established for the buying and selling of precious metals such as Gold and Silver is termed as ________
A. Money Market
B. Capital Market
C. Bullion Market
D. All of the above
E. None of these

10. In letter of credit transactions, the Bank which is allowed to make payment against the documents is called:
A. confirming bank
B. nominated bank
C. advising bank
D. issuing bank
E. reimbursing bank

11. Headquarter of Agriculture of Finance Corporation(AFC) is situated at_______
A. Gurugram
B. Noida
C. New Delhi
D. Hyderabad
E. Mumbai

12. IRDA is associated with —
A. Railways
B. Insurance Sector
C. Telecommunication
D. Banking
E. None of these

13. What is the full form of CERSAI?
A. Central Registry of Securitisation Asset Reconstruction and Security Interest
B. Combined Registry of Securitisation Agency Reconstruction and Security Interest
C. Central Registry of Securitisation Agency Reconstruction and Security Interest
D. Combined Registry of Securitisation Asset Reconstruction and Security Interest
E. None of these

14. In which state, Punjab National Bank has installed the first Biometric ATM ?
A. Rajasthan
B. Delhi
C. Haryana
D. Uttar Pradesh
E. Bihar

15. Which bank has become the first private sector bank to sell Indian gold coins?
A. Karur Vysya Bank
C. Federal Bank
D. Dhanlaxmi Bank
E. IndusInd Bank