Banking and financial awareness questions for bank exams - Set 3

Banking and financial awareness questions for bank exams - Set 3


1. What defines commercial paper?

a. long term debt issued by private corporations.
b. short term and unsecured promissory notes issued by corporations with very high credit rating standings.
c. savings instrument in which funds must remain on deposit for a specified period
d. a and c

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ANSWER: b. short term and unsecured promissory notes issued by corporations with very high credit rating standings.




2. Which report is published by World Bank every year?

a. human development report
b. world development report
c. international finance and development report
d. world trade development report.

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ANSWER: b. world development report




3. The special importance of banks among financial institutions comes from:-

a. their large and heavy transactions.
b. their positions as suppliers of money.
c. their power to create money
d. their influence on the economy.

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ANSWER: c. their power to create money




4. Non performing assets are those assets which are overdue for a period of more than?

a. 90 days in interest and/or installment in term loan.
b. 90 days out of order in case of over draft or cash credit, bills purchased and bills discounted.
c. 2 harvest seasons for advances for cultivation of short duration crops.
d. all of the above.

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ANSWER: d. all of the above.




5. In the context with investment what are A, AA+ and AAA+?

a. stock exchange index
b. credit ratings
c. market stability index
d. profit equity index.

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ANSWER: b. credit ratings




6. High powered money is:-

a. bank's reserves at central bank
b. all loans and advances of banks.
c. money held by banks.
d. currency held by public and reserves with the central bank.

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ANSWER: a. bank's reserves at central bank




7. Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-

a. bearer
b. cross
c. order
d. all of the above.

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ANSWER: b. cross




8. The tax on import and export is known as :-

a. income tax
b. trade tax
c. custom duty
d. commercial tax.

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ANSWER: c. custom duty




9. The total number of stock exchanges in India is:-

a. 21
b. 22
c. 23
d. 24

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ANSWER: c. 23




10. Which body regulates micro finance?

a. RBI
b. IBA
c. NABARD
d. SIDBI

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ANSWER: c. NABARD


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    Discussion

  • RE: Banking and financial awareness questions for bank exams - Set 3 -siri (02/22/16)
  • for last question:
    regulatory for micro finance is "RBI" .
  • RE: Banking and financial awareness questions for bank exams - Set 3 -subbu (01/02/16)
  • very good questions