Banking Awareness Quiz for IBPS Clerk Mains 2015 - Set 4

Hello and welcome to ExamPundit. Here is the 4th Set of Banking Awareness Quiz for IBPS Clerk Mains 2015.

1. A ________is a negotiable financial instrument issued by a bank to represent a foreign company’s publicly traded securities.
1) depositary receipt
2) participatory notes
3) buyers’ credit
4) cross listed stock
5) None of these

2. Identify the one which is NOT allowed in ‘small accounts’ opened with banks?
1) Withdrawal and transfers of Rs.10,000 in a month.
2) Credit of foreign remittances
3) Total credits in one year of Rs.1,00,000
4) All the above
5) None of these

3. The commercial paper (CP) is an unsecured money market instrument issued in the form of a promissory note. It can be issued by
1) Corporates
2) Primary Dealers (PDs)
3) All-India Financial Institutions (FIs)
4) All the above
5) None of these

4. The DigiLocker is a system launched by the govt to securely store documents online. Which of the following document cannot be stored in it?
1) Insurance
2) Medical reports
3) Marriage certificate
4) School certificate
5) None of these

5. A universal bank does not undertake which of the following activities?
1) Investment Banking
2) Commercial Banking
3) Development Banking
4) Insurance
5) None of these

6. Since the launch, which of the following rates have been used as benchmark rate for the majority of money market deals made in India?
3) Bank Rate
4) Base rates of fiver top banks
5) None of these

7. The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. The term SDR stands for
1) Structured Drawing Rights
2) Special Drawing Rights
3) Segregated Drawing Rights
4) Special Drawing Resolution
5) None of these

8. Teaser Rates are related to which of the following types of loans?
1) Home Loans
2) Personal Loans
3) Auto Loans
4) Reverse Mortgage Loans
5) Crop Loans

9. Which of the following terms is not used in banking world?
1) Credit
2) Rate
3) Financial status
4) Discount
5) Absolute zero

10. Which of the following organisations provides credit history of the borrowers?
4) RBI

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


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