Banking Jobs IBPS Questions

Nov 28, 2013

Banking Sector Related GK : Banking Knowledge Awareness

1. Banks are considered as financial intermediaries. Which of the following activity correctly and comprehensively explains this role of banks?
(1) Accepting deposit of money for purpose of lending and investment.

(2) Granting loans to the weaker section of the society

(3) Accepting money for remittance and issuing bank drafts

(4) Providing safe deposit service

(5) Opening accounts and accepting deposit therein
2. The rate below which banks cannot generally lend is called as ………
(1) Base rate

(2) Floor rate

(3) Repo rate

(4) Call money rate

(5) Ceiling rate
3. Which of the following is not a type of Cheque?
(1) Crossed cheque

(2) Blank cheque

(3) Speed cheque

(4) Bearer cheque

(5) Order cheque
4. In relation to banking, what do you understand by “Ever greening of loan account”?
(1) Full repayment of a loan account before maturity – Prepayment

(2) Full repayment of a loan account exactly at maturity

(3) Fresh loans sanctioned during the tenure of account for enhancement of limits

(4) Adjusting the NPA/ Sticky account with fresh sanction of loans

(5) Loans provided for new projects to new customer
5. With a view to facilitate payment of balance in deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced in bank accounts in our country is known as ………….
(1) Will

(2) Registration

(3) Nomination

(4) Indemnity

(5) Guarantee

6. Which of the state become the first state in the country to launch RBI’s e-payment system for commercial tax payers?
(1) West Bengal

(2) Kerala

(3) Gujarat

(4) Maharashtra

(5) Karnataka
7. When a bank returns a cheque unpaid is called ……….
(1) Payment of cheque

(2) Drawing of a cheque

(3) Cancelling of cheque

(4) Dishonour of cheque

(5) Taking of cheque
8. Mortgage is a ……….
(1) Security on movable property for a loan given by a bank

(2) Security on immovable property for a loan given by a bank

(3) Concession on immovable property for a loan given by a bank

(4) Facility on immovable property for a loan given by a bank

(5) Security on immovable property for a deposit received by a bank
9. Which of the following account is known as “Demat Accounts”?
(1) Accounts which are zero balance account

(2) Accounts which are opened to facilitate repayment of a loan taken from the bank. No
other business can be conducted from there.

(3) Accounts in which shares of various companies are traded in electronic form

(4) Accounts which are operated through internet banking facility

(5) None of these
10. Like mobile/telephone number portability, the Ministry of Finance/RBI is now also considering to provide bank account number portability to bank customers. Which of the following would it mean?
(1) Any customer/account holders can withdraw cash from any other bank through his/her
own cheques drawn on other bank even without ATM.

(2) Any borrower can draw funds from his/her loan account from any other bank also

(3) The account number of any account holder will remain the same even he/she transfer his account to any other bank.

(4) Bank customer would have the facility of mobile banks to withdraw cash nearly his/her place

(5) None of these
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