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Banking Aptitude

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Number of Questions: 15
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Tags: all Banking Terminology Economic Scenario Banking Awareness Banking Terminologies General Awareness Static GK
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World bank recently offered a line of credit of 84mn to strenghten panchayat project in which district?

  1. Madhya pradesh

  2. Bihar

  3. Uttar pradesh

  4. Karnataka

  5. Andhra pradesh

Show answer
Correct Option: B
Explanation:

Yes it is correct choice. Yes,  Bihar has got line of credit of 84mn from World Bank to strengthen panchayat project.

What is the purpose of PMLA Act 2002?

  1. To stop inflation

  2. To prevent money laundering

  3. To stop new loans in banks

  4. For arresting frauds

  5. None of the above

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Correct Option: B
Explanation:

Correct choice. The purpose of PMLA Act 2002 is to stop money laundering.

SLR money is to be kept by banks in __________.

  1. Cash only

  2. Gold

  3. G-Securities

  4. G-bonds

  5. Options 2, 3, 4 are true

Show answer
Correct Option: E
Explanation:

Yes,  it is correct choice. SLR is kept by banks in the form of  G securities, G- bands, GOLD.

What is acronym of EBITDA?

  1. Earning before Interest, Tax and Depreciation and Amortization

  2. Earnings before Tax, Deposits and Appreciation

  3. Earning before Interest, Terms, Deposits and Amounts

  4. Earning before Interest, Tax and Deposits, Agriculture

  5. None of the above

Show answer
Correct Option: A
Explanation:

Yes it is correct choice.

Yes EBITDA stands forEarning before Interest , Tax and Depreciation and amortization . 

What is the maximum transaction permitted through NEFT, without having account in the concerned banks?

  1. 10000

  2. 50000

  3. 20000

  4. 30000

  5. None of these

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Correct Option: B
Explanation:

Yes it is correct.. Through NEFT maximum transaction allowed is 50000.

Who is the deputy governor of RBI?

  1. Dr. Indira Raja Raman

  2. Dr. Anil kakodkar

  3. Dr. K.C. Chakrabarty

  4. Dr. D Subba Rao

  5. None of the above

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Correct Option: C
Explanation:

Yes,  it is correct. Dr. K.C.chakrabarty is the  deputy governor of RBI.

What is the acronym for REPO rate and what is it's present rate?

  1. Republic offer, 6%

  2. Representative offer, 3%

  3. Repurchase offer, 7.25%

  4. Repurchase offer, 8%

  5. Reverse Repurchase offer, 6%

Show answer
Correct Option: C
Explanation:

REPO stands for Repurchase offer and it's present rate is 7.25%.

Which of the following will RBI do, under REPO?

  1. Give loan to commercial banks

  2. Give loan to public

  3. Give loan to the government

  4. Give loan to students

  5. Take deposit from banks

Show answer
Correct Option: A
Explanation:

Yes, it is the correct choice. Under repurchase offer, RBI will give loans to commercial banks.

Who is the CMD of bank of baroda?

  1. Rajeev Rishi

  2. Rajeev kishore dubey

  3. Chandha Kochchar

  4. V.R. Iyer

  5. S.S.Mundra

Show answer
Correct Option: E
Explanation:

Yes,  it is correct choice. S.S Mundra is the chairman of Bank of  Baroda. 

Under which of the following groups, does the entire function of RBI come?

  1. Traditional functions.

  2. Regulatory functions.

  3. Development Functions.

  4. Options 2 and 3 are true.

  5. All of the options 1, 2, 3 are true.

Show answer
Correct Option: E
Explanation:

Yes,  it is correct choice. RBI has three major fucntions.  Traditional functions, Regulatory functions, and Development Functions.

Bank rate is the interest rate, charged on which of the following?

  1. Loans taken by banks from banks

  2. Loans taken by banks under bills re-discounting

  3. Loans taken on gold

  4. Loans taken by banks under bill discounting

  5. All of the above

Show answer
Correct Option: B
Explanation:

Yes, it is correct choice. Bank rate  is the interest rate is charged on Loans taken by banks under bills re-discounting.

Which of the following are the new RTGS access options provided to the participants?

  1. Thick client

  2. Web-API

  3. Payment originator module

  4. All of the above

  5. None of the above

Show answer
Correct Option: D
Explanation:

Yes this is correct option. New RTGS systme provides three access options to the participants which includes payment originator module , Web -API , thick client. 

On which date is KYC day observed?

  1. 1st April

  2. 1st May

  3. 1st July

  4. 1st August

  5. 1st September

Show answer
Correct Option: D
Explanation:

Yes, it is the correct answer. KYC day is observed on 1st August.

What is the interest paid on CRR balances?

  1. 0%

  2. 1%

  3. 5%

  4. 4%

  5. 3%

Show answer
Correct Option: A
Explanation:

Yes, it is the correct choice. On Cash Reserve ratio, there is no interest paid.

What does CTS of RBI stands for?

  1. Cheque Truncation system

  2. Cheque Transfer system

  3. Current Tansacation System

  4. Current Truncation system

  5. None of the above

Show answer
Correct Option: A
Explanation:

Yes, it is correct.  CTS stands for cheque truncation system.

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