Banking Awareness MCQs for IBPS Clerk/Canara Bank 2018: 20 November

Banking Awareness MCQs for IBPS Clerk/Canara Bank 2018: 20 November

1. CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of

1) Narashimhan Committee
2) Chore Committee
3) Kapoor Committee
4) A Ghosh Committee
5) Karve Committee

2. Which of the following statements is/are NOT correct with respect to Non-Banking Financial Companies (NBFCs)?

1) They cannot lend and make investment.
2) They cannot accept demand deposits.
3) They do not form part of the payment and settlement system.
4) Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to depositors of NBFCs, unlike in case of banks.
5) None of these

3. The scheduled commercial banks can avail Marginal Standing Facility from the Reserve Bank of India (RBI) for minimum ________ and in multiples of _________thereafter.

1) ₹ 1 cr, ₹ 50 lakh
2) ₹ 1 cr, ₹ 1 cr
3) ₹ 2 cr, ₹ 1 cr
4) ₹ 5 cr, ₹ 1 cr
5) None of these

4. Expand the term BIPPA.

1) Bilateral Investment Protection and Preference Agreement
2) Bilateral Investment Provisioning and Promotion Agreement
3) Bilateral Investment Protection and Promotion Agreement
4) Bilateral Investment Protection and Provisioning Agreement
5) None of these

5. Priority sector refers to those sectors of the economy which may not get timely and adequate credit in the absence of special dispensation. Which of the following categories does not come under the priority sector lending?

1) Export Credit
2) Micro and Small Enterprises
3) Education
4) Housing
5) None of these

6. What was the highest-denomination note ever printed by the Reserve Bank of India? The banknotes of this denomination were printed in 1938 and again in 1954 and were demonetized in 1946 and again in 1978.

1) ₹ 1000
2) ₹ 5000
3) ₹ 10000
4) ₹ 20000
5) None of these

7. The Reserve Bank of India (RBI) allows what rate of interest on Cash Reserve Ratio (CRR), the specified minimum fraction of the total deposits of customers which commercial banks have to hold as reserves with the central bank?

1) Equal to bank rate
2) Equal to savings bank rate
3) Equal to repo rate
4) No interest is allowed
5) None of these

8. Which of the following extensions of the given abbreviations is NOT correct?

1) LAF – Liquidity Adequacy Facility
2) BCBS – Basel Committee on Banking Supervision
3) CAR – Capital Adequacy Ratio
4) SDR – Special Drawing Rights
5) None of these

9. What does InvIT stand for?

1) Information Technology Investment Trusts
2) Infrastructure Investment Trusts
3) Infrastructure Innovation Trusts
4) Information Technology Innovation Trusts
5) None of these

10. Which of the following banks is the first bank in India to launch its interactive banking service through DishTV?

1) Axis Bank
2) HDFC Bank
3) ICICI Bank
4) SBI
5) Indian Bank

Answers:

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