Banking & Finance for SBI PO/Clerk 2018: 03 May

Banking & Finance for SBI PO/Clerk 2018: 03 May

1. What is a temporary pass-through account held by third party during the process of a transaction between two parties, called? It operates until the completion of the transaction process.

1) Vostro Account

2) Nostro Account

3 ) Escrow Account

4 ) NRO Account

5 ) NRE Account

2. The Central Board of Direct Taxes (CBDT) has announced to relax norms related to levy of MAT for insolvent companies. In the term MAT , the letter ‘M’ stands for

I ) Maximum 

2) Minimum 

3) Migrating 

4) Manageable 

5) Modified 

3. The CTS is an image-based clearing system which was introduced in India by the RBI for faster clearing of cheques in the year

1)2008

2)2010

3)2012

4)2014

5)2016

4. The TIHCL has got RBI clearance to register and function as a non-banking finance company (NBFC). It is the first State-promoted and co-financing NBFC which is promoted by the government of

1) Tamil Nadu

2) Karnataka

3) Telangana

4) Maharashtra

5) Tripura

5. The RBI’s process or mechanism under which some precautionary actions are taken against ailing banks is known as

1) provisioning

2) assignment

3) merger

4) Strategic Debt Restructuring

5) Prompt Corrective Action

6. The licensing of banking companies comes under which of the following sections of the Banking Regulation Act, 1949?

1) Section 12

2) Section 22

3) Section 23

4) Section 29

5) Section 44A

7. ______ refers to money backed up by trust between the payer and the payee, not on the basis of any order of the govt.

1) Fiat Money 

2) Fiduciary Money

3) Full bodied Money

4) Broad Money

5) None of these

8. An international bank-rating system rate institutions according to six factors abbreviated as “CAMELS”. What does the letter ‘L’ stands for in CAMELS?

1) Loan
2) Liquidity
3) Libility
4) Local
5) Leverage

9. The self-service solutions that allow customers to service themselves with computer based touch screen and making different sort of transactions are called ________ .

1) Robotics Software 
2) Contactless Banking
3) Kiosk Banking
4) Digital Banking
5) None of these

10. AEPS is a bank led model that facilitates financial inclusion transaction at PoS through the Business correspondent (BC) of any bank using the Aadhaar authentication. Aadhaar enabled basic types of banking do not include 

1) Balance Enquiry
2) Cash Withdrawal
3) Online Payment
4) Cash Deposit
5) Aadhaar to Aadhaar funds transfer

Answers:

1. 3
2. 2
3. 2
4. 3
5. 5
6. 2
7. 2
8. 2
9. 3
10. 3