Banking Awareness Quiz - 3

Description

IBPS Banking Awareness Quiz on Banking Awareness Quiz - 3, created by SIVA KUMAR Y V on 17/08/2017.
SIVA KUMAR Y V
Quiz by SIVA KUMAR Y V , updated more than 1 year ago
SIVA KUMAR Y V
Created by SIVA KUMAR Y V almost 7 years ago
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Resource summary

Question 1

Question
Which of the following carries out “Open Market Operations” (OMO)?
Answer
  • Ministry of Finance
  • Fixed Income Money Market Derivatives Association of India (FIMMDAI)
  • National Bank for Agriculture & Rural Development (NABARD)
  • Securities and Exchange Board of India (SEBI)
  • Reserve Bank of India (RBI)

Question 2

Question
For which one of the following Loan Products “Teaser Loan” are offered by Banks?
Answer
  • Education Loans
  • Commercial Loans
  • Loans against security of gold
  • Consumer Durable Loans
  • Home Loan

Question 3

Question
ASBA is a facility while applying / submitting an application for purchase of shares under a public issue. “ASBA” stands for ___________
Answer
  • Asset Supported by Blocked Amount
  • Amount Supported by Blocked Amount
  • Account Supported by Blocked Amount
  • Application Supported by Blocked Amount
  • Agreement Supported by Blocked Amount

Question 4

Question
In Deposit Account “KYC (Know Your Customer) has been implemented as per directives of ___________
Answer
  • Indian Bankers Association
  • Reserve Bank of India
  • Ministry of Finance
  • Banking Codes & Standards Board of India
  • Banking Ombudsman

Question 5

Question
What does letter “I” depicts in the acronym “SIP”?
Answer
  • Insurance
  • Interest
  • Instalment
  • Investment
  • Initial

Question 6

Question
As per MSMED 2006 Act, An enterprise’s investment in plant & machinery is more than ₹ 5 crore but does not exceed ₹ 10 crore in manufacturing sector is called as __________
Answer
  • Small Enterprise
  • Micro Enterprise
  • Medium Enterprise
  • Macro Enterprise
  • Moderate Enterprise

Question 7

Question
Exporters in India get insurance cover from which of the following organization?
Answer
  • GIC
  • NABARD
  • ECGC
  • RBI
  • EXIM

Question 8

Question
What does letter “S” denotes in Acronym “EPS”?
Answer
  • Sale
  • Scheme
  • Share
  • Saving
  • Service

Question 9

Question
The “Reverse Mortgage Scheme” is designed for give benefit to which of the following groups of the society?
Answer
  • Government Employees
  • Senior Citizens
  • Unemployed Youth
  • War Widows
  • Students

Question 10

Question
Term “IPO” is associated with ___________
Answer
  • Shares
  • Insurance
  • Mutual Fund
  • Exchange Traded Fund
  • Fixed Deposit
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