Banking Awareness MCQs for Banking exams, IBPS, SBI

41

Between 2007-08 to 2012-13, the value of Card spending rose to Rs.1.97 Lakh Crores. A raise in Cards spending indicates?

A) Transformation to 'Cashless Economy' B) Low inflation C) Raising incomes D) Falling prices

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

42

What is NOT true with regard to 'Carbon Credit'?

A) It represents the right of an Industry to emit certain quantity of Carbon Dioxide. B) Carbon Credits mechanism was formalized in Kyoto Protocol. C) Carbon Credits are currently traded on 5 exchanges across the globe. D) None of the above.

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

43

National Spot Exchange (NSEL) is the news for defaulting payments to investors. Who is the founder promoter of FT?

A) Jignesh Shah B) Harshad Mehta C) Ketan Parekh D) A K Telgi

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

44

One of the Primary functions of IMF is to provide short term capital assistance to member countries through SDR (Special Drawing Rights). What is NOT true about SDR?

A) Currency code of SDR is XDR B) SDR is the Unit of Account of IMF C) Asian Development Bank (ADB) also uses SDR as its Currency D) None of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

45

Main functions of Money?

A) Medium of Exchange B) Unit of Account C) Store of Value D) A, B and C of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

46

M/s XYZ company has got an order to supply Machinery to M/s ABC Co of Nigeria. Who has to get a Letter of Credit issued from a Bank?

A) M/s ABC since they are the importers B) M/s XYZ since they are the exporters C) Both since they are the parties to the agreement D) RBI since they regulate the Foreign Trade in India

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

47

What is 'Packing Credit'?

A) Finance extended to packing materials industry B) Finance extended to an Importer to pack the goods imported C) Finance extended to Warehouses for keeping the goods packages D) Finance extended to an Exporter to meet the costs of buying and/ or making products to be exported

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

48

What is NOT true with regard to Currency Chests in India?

A) They are managed by different banks on behalf of RBI B) Deposits in Currency Chests are taken into account for calculation of CRR (Cash Reserve Ratio) C) Standard Chartered Bank a Foreign Bank also maintains Currency Chest D) None of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

49

Recently Parliament has pass-ed Companies Act 2013. What is NOT true with regard to some of the features of the Act?

A) An Individual can set up "One person Private Ltd Company" B) An independent Director can hold 3 consecutive terms of 3 years C) Listed Companies must have at least 1/3rd independent Directors D) Prescribed Companies must have at least 1 woman Director on the Board

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

50

What is 'Net Interest Margin' of a Bank?

A) Margin of Interest earned on Trading in Govt Securities B) Difference between the Base Interest Rate and the Average Lending Rate C) Difference between the interest income and the amount of interest paid out D) Difference between Interest on Term Loans and Interest on Cash Credits

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board