Banking Awareness Question set 4

Model Banking awareness solved Question set 4 for IBPS  and all  banking competitive examinations

1. Consider the following statement about banking system in India

   (i) Under the Banking Regulation  Act insurance is not included in the list of permissible business However , ministry of finance provides special permission of banks to enter the insurance business.

   (ii) Government securities issued by the Central Government are considered to be part of SLR security but not securities  issued by State Government.

   Which among the statement given above is / are correct  ?

   1. Only (1)
   2. Only (ii)
   3. Both (i) and (ii)
   4. Neither (i) nor (ii)
   5. None of these
2. Consider the Following statements.

   (i) With growing saving among households in India , the need for retail credit is declining.

   (ii) The Banking Ombudsman is senior official appointment by the RBI.

   Which among the statement given above is /are correct ?

   1.  Only (1)
   2.  Only (ii)
   3.  Both (i) and (ii)
   4.  Neither (i) nor (ii)
   5.  None of these
3. Consider the Following statements.

   (i) If the beneficiary of a cheque has not lost the cheque , he can instruct the paying bank to stop payment of the cheque without waiting for the account holder’s instructions.

   (ii)  While outsourcing , the only consideration should be cost savings.

   Which among the statement given above is /are correct ?

   1. Only (1)
   2. Only (ii)
   3. Both (i) and (ii)
   4. Neither (i) nor (ii)
   5. None of these
4. Consider the Following statements.

   (i) No bank may hold shares in any company other than a subsidiary , exceeding 20.00% of the paid up share capital of that company

   (ii) The deposit of regional rural banks are not cover by the DICGC (Deposit Insurance and Credit Guarantee Corporation)

    
   Which among the statement given above is /are correct ?

   1. Only (1)
   2. Only (ii)
   3. Both (i) and (ii)
   4. Neither (i) nor (ii)
   5. None of these
5. Consider the Following statements.

   (i) RBI acts as the issuer of currency in India, but only the Central Government has the right to destroy currency notes.

   (ii) A commercial paper issued made by a corporate is a non-SLR instrument.
   Which among the statement given above is /are correct ?

   1. Only (1)
   2. Only (ii)
   3. Both (i) and (ii)
   4. Neither (i) nor (ii)
   5. None of these
6. Consider the Following statements.

   (i) Self- Help Group are set up to basically borrow from banks with out any saving contribution.

   (ii) A Nostro account is an account which an exporter maintains with  a banks abroad.

   Which among the statement given above is /are correct ?

   1. Only (1)
   2. Only (ii)
   3. Both (i) and (ii)
   4. Neither (i) nor (ii)
   5. None of these
7. The Government of India promulgated Banking Companies (Acquisition and Transfer of Undertakings ) ordinance to acquire 14 commercial banks on
   1.  1 July, 1969
   2.  19 July, 1969
   3.  1 Oct, 1969
   4.  1 Nov.1969
   5.  None of these
8. Nationalization of State Bank of India took place in
   1. 1947
   2. 1952
   3. 1955
   4. 1967
   5. None of these
9. The paid-up capital of non-scheduled banks less than
   1. Rs 5 Lakh
   2. Rs 10 Lakh
   3. Rs 12 Lakh
   4. Rs 15 Lakh
   5. None of these
10. Regional Rural Banks (RRBs) were established on
    1. 2 Oct,1975
    2. 2 Oct,1972
    3. 2 Oct, 1982
    4. 2 Oct, 1976
    5. None of these

Answer

1.  (4)

2.   (2)

3.  (4)

4.  (1)

5.  (2)

6.  (4)

7.  (2)

8.  (3)

9.  (1)

10.  (1)