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Banking Awareness for Bank Exams 2016 – SBI Clerks, NABARD

Banking Awareness for Bank Exams 2016 – SBI Clerks, NABARD Exam. 

Which of the following is the cashless purchase?

  • Debit Card.
  • Credit card.
  • ATM Withdrawal.
  • All of the above.

While discussing investments there is a mention of short-term government security. What is the investment?

  • Treasury bill.
  • Shares
  • Debentures
  • Mutual Funds.
  • None of these.

NBFCs are an important part of the Indian financial system. What is meant by this term?

  • New Banking Financial Companies.
  • Non-Banking financial Companies.
  • Neo Banking financial Companies.
  • Non-banking financial competition.

Banking loan against property requires that asset be free from encumbrances. What does it mean?

  • The property to be fully constructed.
  • The asset to be free from any liability.
  • The asset to be properly registered.
  • The asset should not have multiple owners.

RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA?

  • Customer Analysis and Savings Pattern.
  • Cost Appreciation Selling Analysis.
  • Current Account and Savings account.
  • The asset should not multiple owners.

Which one of the following is not an electronic banking delivery channel?

  • ATM.
  • Tele Banking.
  • Internet Banking.
  • Mobile Phone Banking.
  • Mobile Vans.

Electronic Clearing Service in banks can be valid only by:

  • Individuals.
  • Corporates.
  • Senior Citizens.
  • All of these.
  • None of these.

What is the full form of LAF as used in the banking world very frequently?

  • Liquid Assets Financing.
  • Liquidity Adjustment Facility
  • Legal Assets Formality.
  • Local Advance Finance.
  • Late Arrival of Finance.



Whose signature appears on the Indian currency of Rs.100 note?

  • RBI Governor.
  • Finance Secretory.
  • Chairman, Planning Commission.
  • Union Finance Minister.
  • None of these.

Banking Ombudsman is appointed by ________________.

  • Reserve Bank of India.
  • The government of India.
  • Concerned State Government.
  • Finance Minister.
  • None of the above.

The customer who wants to approach Ombudsmen. What should the customer have to do before approaching Ombudsman?

  • Take up the matter with State Government.
  • Approach Lok Adalat.
  • Take up the matter concerned Bank Branch within 30 days of the cause of action.
  • Any of the above.

The Urban Co-Operative banks are controlled by:

  • NABARD.
  • Central Govt. and NABARD.
  • State Govt. and RBI.
  • RBI and NABARD.

Which of the following is the role of mutual funds?

  • To promote unit based scheme to inculcate saving habit.
  • Pooling of investor money for investment in capital market and other securities.
  • Manage the funds of high net worth individuals.
  • All of the above.

The clearing house facilities for payment and delivery of securities is provided

  • SEBI
  • Stock Exchange.
  • Clearing Corporation of India.
  • All of the Above.

The funds based outside India and authorized by SEBI to invest in Indian equity market through the stock exchange are called:

  • Foreign Institution Investors.
  • Overseas corporate bodies.
  • Nonresident funds.
  • Foreigner investment funds.

The corporate securities are held in electronic form instead of physical

  • Depositors
  • Custodians ( A custodian holds securities and other assets in electronic or physical form.)
  • Mutual Funds.
  • Registrars.

What is the maximum amount up to which the complaint can be registered in Ombudsman?

  • 1, 00, 000.
  • 2, 00, 000.
  • 5, 00, 000.
  • 10, 00, 000.
  • No Limit.

Who will be appointed as Banking Ombudsman?

  • Governor of RBI.
  • Deputy Governor of RBI.
  • Finance Secretory.
  • None of the above.

The KYC does not include obtaining the following:

  • Identity Proof.
  • Address Proof.
  • Photo.
  • DOB.
  • Neighbor Name.

Which of the following functions is not carried out by RBI?

  • Bankers to govt.
  • Raising deposits from the public.
  • Lender of Last resort to banks.
  • Management of govt. debt.


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