Bank Awareness Important Question For Upcoming Bank Exam

The 'Food for Work' programme was renamed as

1. RLEGP
2. IRDP
3. NREP
4. MNP
5. NREGA

 The regulator of the banking system in India is _____ ??

1. AMFI
2. Finance Minister
3. SEBI
4. IBA
5. RBI

The transfer of a loan from one party to another is called ?

1. Assignment
2. Arbitrage
3. Amortization
4. Acquisition
5. None of these

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ANS : Assignment

Which of the following departments of the Govt of India has initiated the public Bicycle scheme for 10 cities under the Mission for Sustainable Habitat ?

1. Rural Development Ministry
2. Urban Development Ministry
3. Environment Ministry
4. Surface Transport Ministry
5. None of these

The RBI has prescribed that a new private sector bank _____?

1. shall be subject to prudential norms in regard to income recognition, asset classification and provisioning, capital adequacy etc
2. shall have to observe priority sector lending targets as applicable to other domestic banks
3. will be required to open rural and semi-urban branches also as may be laid down by RBI
4. All of these
5. None of these

By virtue of the amendment carried out by the Regional Rural Bank (Amendment) Act, 1987, the chairman of a Regional Rural Bank is to be appointed by

1. Central Government
2. State Government
3. Sponsor Bank in consultation with NABARD
4. Reserve Bank of India
5. None of these

According to the 2nd monetary policy review presented by RBI Governor Raghuram Rajan, repo rate raised by ___________ basis points

1. 36 bps
2. 25 bps
3. 96 bps
4. 23 bps
5. 60 bps

The primary functions of the service co-operatives are

1. provision of short and medium-term credit
2. supply of agricultural and other production requirements
3. collection of agricultural produce for sale through the marketing society
4. all of these
5. none of these

FIMMDA stands for

1. Foreign investment Markets and Derivatives market Association
2. Fixed Income Money Markets and Derivatives Association
3. Fixed Income and Money Market Development Association
4. Floating Income and Money Markets Derivative Assets
5. None of These

Bancassurance is ________

1. an insurance scheme to insure bank deposits
2. an insurance scheme exclusively for the employees banks
3. a composite financial service offering both bank and insurance products
4. a bank deposit scheme exclusively for employees of insurance companies
5. none of these

'Sugam' is a scheme launched for

1. small tax payers
2. Pensioners getting old age pension
3. Big corporate houses
4. Getting all sorts of permission / clearances for small exporters
5. none of these

Certificates of Deposits can be issued for a minimum period of _______

1. 1 year
2. 6 months
3. 4 months
4. 3 months
5. 45 days

In a landmark move, which of these state governments has set up a Savarna Aayog, a commission to identify the deprived and underprivileged families among upper castes ?

1. Uttar Pradesh
2. Bihar
3. Madhya Pradesh
4. Rajasthan
5. None of these

The purchase of Shares and Bonds of Indian companies by Foreign Institutional investors is called

1. FDI
2. Portfolio Investment
3. NRI Investment
4. Foreign Indirect Investment
5. None of these

Through open market operations, RBI plays a very important role in which of the following markets ?

1. Gilt edged market
2. Primary market
3. Secondary Market
4. Share market
5. None of these

The Union Budget of the Government presented every year contains _____________
A. Estimates for the following year
B. Revised estimates for the current year
C. Actual figures of last year
D. Budget estimates and actual figures of last year

1. A, B and D
2. B and C
3. A and B
4. A, B and C
5. None of these

In which of the following cases a bank account may be either closed by tech customer or the banker ?
A. If the bank account is not oeperating
B. When the banker wishes
C. On Insolvency of the customer
D. On the notice of nominee

1. A, B and C
2. B, C and D
3. A, B, C and D
4. B and C
5. A and D

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