Thursday, January 21, 2016

Banking Awareness Quiz 2016 - Set 2

Hello and welcome to ExamPundit. Here is the 2nd Set of Banking Awareness Quiz for Bank Exams in 2016.

1. The Capital Account Convertibility of Indian rupee implies
1) that the Indian rupee can be exchanged by the authorised dealers for travel
2) that the Indian rupee can be exchanged for any major currency for the purpose of trade in goods and services
3) that the Indian rupee can be exchanged for any major currency for the purpose of trading financial assets
4) that the Indian rupee can be exchanged for the US Dollar for international trade in goods and services
5) None of these

2. 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

3. Consider the following statements:
(A) Sensex is based on 50 of the most important stocks available on the Bombay Stock Exchange (BSE).
(B) For calculating the Sensex, all the stocks in it are assigned proportional weightage.
(C) New York Stock Exchange is the oldest stock exchange in the world
Which of the statements given above is/are correct?
1) Only B
2) Only A and C
3) Only B and C
4) Only A
5) Only C

4. Which of the following pairs about various international banks is not correct?
1) UBS – Switzerland
2) Barclays Bank – UK
3) ABN Amro Bank – USA
4) Kookmin Bank – South Korea
5) PNB Paribas – France

5. Which of the following is not a feature of Limited Liability Partnership firm?
1) Partners should be less than 20.
2) Partnership and management need not be separate.
3) Internal governance may be decided by mutual agreement among partners.
4) It is a corporate body with perpetual succession.
5) All the above are the features of Limited Liability Partnership firm.

6. 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

7. 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

8. 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.

9. 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

10. 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



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