Banking Awareness for SBI/IBPS RRB 2018: 9 June

1. The Atal Pension Yojana (APY) guarantees a monthly pension of Rs. 1,000 to Rs. 5,000 depending on the contribution. Indian citizens of which of the following age groups are eligible for the scheme?

1) 16-40 years

2) 18-40 years

3)20-40 years

4)21-40 years

5) Any age group

2. A debt security that doesn’t pay interest but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its full face value is called

1) Zero-coupon bond

2) Equity share

3) Commercial paper

4) Debenture

5) None of these

3. The RBI will shortly issue new banknotes of ₹10 denomination which will have motif of which of the following on the reverse side?

1) Sun Temple, Konark

2) Sanchi Stupa, Sanchi

3) Golghar, Patna

4) Charminar, Hyderabad

5) Qutb Minar, Delhi

4. The RBI has specified certain regulatory trigger points as part of the prompt corrective action (PCA) framework. One of them is RoA which stands for

1) Rationalisation of Assets

2) Restructuring of Assets

3) Return on Assets

4) Reason of Acquisition

5) Return on Acquisitions

5. What is the term used for the practice of buying or selling of a security by someone who has access to material nonpublic information about the security?

1) Privilege trading

2) Internal trading

3) Insider trading

4) Hot trading

5) White trading

6. Which of the following risks is associated with failure of internal process of a bank or business organisation?

1) Credit risk                        

2) Operational risk

3) Procedural risk                

4) Settlement risk

5) None of these

7.  “Let’s make money simple” is the tagline of 

1) RBL Bank

2) IndusInd Bank

3) Lakshmi Vilas Bank

4) Kotak Mahindra Bank

5) South Indian Bank

8. The headquarters of ECOWAS Bank for Investment and Development  (EBID) is based in

1) Togo

2) Ghana

3) Liberia

4) Nigeria

5) Mali

9. Which of the following is a form of securitization through which a bank buys other’s assets for a stipulated period, taking the credit risk of the folio?

1)CRR

2) MSF

3) SLR

4) FIPC

5)IBPC

10. The RBI declares a list of D-SIBs (banks too big to fail) every year. In the term D-SIBs, the letter ‘S’ stands for

1) size

2) structurally

3) substantially

4) systemically

5) systematically

 

Answers:

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