Banking Terms And Terminology Questions and Answers Online Test Quiz Practice for Bank Exams IBPS SBI Clerk PO mains General Awareness (Banking Awareness) .
30 Questions and Answers
E. None of these
2 .What does the letter 'L' denote in the term 'LAF' as referred every now and then in relation to monetary policy of the RBI?
3 .Which of the following terms is NOT a financial term?
4 .The term 'Smart Money refers to __________ "
5 .We often come across the term SWIFT in financial newspapers. What is the expanded form of this term?
A. Society for Worldwide Interbank Financial Telecommunication
B. Secure Worldwide Interbank Financial Telecommunication
C. Society for Worldwide Intra-bank Financial Transaction
D. Security for Worldwide Interbank Financial Transaction
E. None of these
6 .Many a time we read in financial newspapers about the performance of the 'core sectors' in the economy. Which of the following is NOT included in the same?
7 .The Standing Committee on Finance headed by Yashwant Sinha has recommended that CSR should be mandatory for all the companies. CSR stands for
E. None of these
8 .In a bid to standardise and enhance the security features in cheque forms, it has now been made mandatory for banks to issue new format of cheques called
9 .The 'Four Eyes' principle (mentioned by the Reserve Bank of India) refers to:
10 .NRE deposit is
E. Non Resident Extended deposit
11 .Which of the following is NOT a banking-related term?
12 .What does the acronym LAF stand for?
E. None of these
13 .Which of the following terms is used in Banking Field?
14 .What is 'wholesale banking'?
E. None of these
15 .Trade between India and China is in a state of 'Payment imbalance'. What does this mean in real terms?
(1) China imports less from India but India imports more from China.
(2) China delays payments to exporters.
(3) India wants payments in US Dollars but wants to pay in Yuan.
16 .Banks are promoting 'Branch less Banking' which means?
(1) Banks will not reduce number of branches. Number of branches will be restricted and will concentrate on specified core business.
(2) Banks will launch/operate multiple delivery channels like ATMs, Mobile Banking/Internet Banking etc making visit to a branch unnecessary.
(3) Banks will issue only debit or credit cards for daily financial transactions. Cheques/Cash payment will not be allowed.
17 .NBFCs are an important part of the Indian financial system. What is the full form of this term?
E. All of these
18 .BCSBI stands for
E. None of these
19 .What does the term 'bancassurance' mean ?
A. Assurance from the bank to its account holder regarding safety of his money
B. A special product designed by the bank
E. None of these
20 .SEZ stands for:
E. None of these
21 .The abbreviation IRDA stands for:
A. Industrial Research and Development Authority of India
B. Insurance Research and Development Authority of India
E. None of these
22 .Hard Currency is defined as currency
C. which loses its value very fast
D. traded in foreign exchange market for which demand is persistently relative to the supply
E. None of these
23 .The terms 'bull' and 'bear' are used in the
E. None of these
24 .We read a term 'ECB' in the financial newspapers. What is the full form of ECB?
E. None of these
25 .Green Banking means
E. None of these
26 .DTAA stands for
E. None of these
27 .The rate at which the Reserve Bank of India lends to the commercial banks in very short term against the backing of the Government securities is known as?
28 .A letter of credit (LC) wherein the credit available to the customer gets reinstated after the bill is paid is known as?
29 .Which of the following is not an imperfect note?
30 .Which of the following is not shown as an asset in the balance sheet of a BanK?