Banking Awareness Quiz for IBPS Clerk Mains 2015 - Set 3

Hello and welcome to ExamPundit. Here is the 3rd Set of Banking Awareness Quiz for IBPS Clerk Mains 2015.

1. Which of the following is not an objective of financial sector reforms in India?
1) Creating an efficient, productive and profitable financial sector industry
2) Preparing the financial system for increasing international competition
3) Opening the external sector in a calibrated manner
4) Reducing the budget deficit
5) Promoting the maintenance of financial stability even in the face of domestic and external environment

2. To create a strong and competitive banking system, reform measures were initiated in early 1990s. The thrust of these reforms was on:
1) increasing operational efficiency
2) strengthening supervision over banks
3) developing technological and institutional infrastructure
4) All the above
5) None of these

3. Which of the following statements about the Securities and Exchange Board of India (SEBI) is not correct?
1) The SEBI was established in 1992 by passing of the Securities and Exchange Board Act.
2) This Board was established to protect the interests of investors in securities and to promote the development and regulation of securities market.
3) It extends to whole of India.
4) SEBI is headquartered in Mumbai.
5) SEBI is authorised to frame prudential norms for banks.

4. The primary function of a Central Co-operative Bank is
1) to mobilise the resources in the district for financing its members
2) to channelize the flow of funds from the State Cooperative Banks
3) to mobilise deposits from the state government
4) None of the above
5) Both 1 and 2

5. What are the benefits of Core Banking Solutions (CBS)?
1) One need not carry the cash from one place to another
2) One can deposit money anywhere in the country where the bank is situated
3) Instant updating of the accounts
4) All the above
5) None of these

6. What do you mean by home banking?
1) Home banking is an extended version of tele-banking.
2) In home banking, the customer is able to access his bank account from his home for availing a variety of services which are made available.
3) Home banking is availed through the customer’s personal computer attached to a telephone line and modem.
4) All the above
5) None of these

7. Consider the following:
(A)Market borrowing
(B) Treasury bills
(C) Special securities issued by the RBI
Which of these is/are component(s) of internal debt?
1) Only A
2) Only A and B
3) Only B and C
4) Only B
5) All A, B and C

8. Consider the following statements regarding the Reserve Bank of India:
(A) It is a banker to the central government.
(B) It formulates and administers monetary policy.
(C) It acts as an agent of the Government with respect to India.
(D) It handles the borrowing programme of Government of India.
Which of the above statements is/are correct?
1) Only A and B
2) Only B, C and D
3) All of the above
4) Only C and D
5) None of these

9. Consider the following:
(A)Currency with the public
(B) Demand deposits with banks
(C) Time deposits with banks
Which of these are included in Broad Money (M3) in India?
1) Only A and B
2) Only A
3) Only A and C
4) Only B and C
5) All the above

10. Recent initiatives for financial inclusion in India include:
(A) “No Frills” account for retail purpose
(B) Simplified Know Your Customer (KYC) norms
(C) Credit Counselling Centres (CCC) facilities
(D) Extension of Smart Cards
Select the correct answer:
1) Only A & B
2) Only B & C
3) Only C & D
4) Only A & D
5) All of the above

Can Also Be Used For: Andhra Bank PO, Syndicate Manipal, LIC AAO 2016


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