Banking & Financial Awareness MCQs for SBI PO/Clerk/Dena Bank PGDBF

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Banking & Financial Awareness MCQs for SBI PO/Clerk/Dena Bank PGDBF

1. Find out which of the following is not correctly matched:

A) Call Money – Money lent or borrowed for one day.

B) Notice Money – Money lent or borrowed for a period of 2-15 days.

C) Term money – Money lent or borrowed for 15 days or more.

  1. Only A
  2. Only B
  3. Both B & C
  4. All A, B & C
  5. Only C

2. The term ‘CBLO’ refers to a money market instrument that represents an obligation between a borrower and a lender as to the terms and conditions of a loan. In the term CBLO, the letter ‘B’ stands for

  1. Balance
  2. Borrowing
  3. Basics
  4. Banking
  5. Bussiness

3. Ways and means advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under which acts its credit policy by which provides to States banking with it to help them to tide over temporary mismatches in the cash flow of their receipts and payments. WMA is provided under which act?

  1. Sec 15 of RBI Act
  2. Sec 17 of RBI Act
  3. Sec 20 of RBI Act
  4. Sec 22 of RBI Act
  5. Sec 25 of RBI Act

4. ‘Narrow money’ is the term in monetary aggregates, which is represented by: 

  1. M1 
  2. M2
  3. M3
  4. L1
  5. None of these

5. In ______ banking, the banks offer all types of financial services to expand their business that include high risk products and medium risk products also.

  1. retail banking 
  2. universal banking
  3. wholesale banking
  4. narrow banking
  5. None of these
6. ICO is an unregulated means by which funds are raised for a new cryptocurrency venture. What does ‘ICO’ stand for?
  1. Initial Coin Offering
  2. Initial Capital Offering
  3. Individual Capital Order
  4. Investment Capital Order
  5. None of these 

7.  Which of the following is the regulator of National Financial Switch?

  1. RBI
  2. NPCI
  3. IRDAI
  4. SEBI
  5. SIDBI

8. When an existing non-profit organisation is converted into a for-profit company, the process is called

  1. Dematerialization
  2. Re-materialization
  3. Re-mutualization
  4. Demutualization
  5. None of these

9. A ______ is a financial contract between two parties to exchange interest payments for a ‘notional principal’ amount on settlement date, for a specified period from start date to maturity date. 

  1. interest rate swap 
  2. interest rate future 
  3. foreign exchange forward 
  4. forward rate agreement 
  5. None of these

10. _____ is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications. It is an Indian standard similar to SWIFT.

  1. SMTP
  2. SFMS
  3. IMFS
  4. FTSS
  5. None of these

 

Answers:

  1. 2
  2. 2; Collateralized Borrowing and Lending Obligation 
  3. 2
  4. 1
  5. 2
  6. 1
  7. 2
  8. 4
  9. 4
  10. 2; Structured Financial Messaging System

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