Banking Awareness Test – Set 3, Banking awareness fully solved questions and answers useful for upcoming IBPS PO, Associate Banks of SBI and IBPS clerk Bank exam. 1. What is the full form of CBS? Cash Banking Solutions Core Banking Solutions Cash Balance Solutions Capital Banking Solutions 2. What does AGM stand for? Asian General Meeting American General Meeting Academic General Meeting Annual General Meeting 3. What does CAG stand for? Controller and Author General of India Constant Auditor General of India Controller and Auditor General of India None of the Above 4. What does CPI stand for ? Cash Price Index Consumer Price Index Cost Price Index Current Price Index 5. What does CRR stand for? Credit Reserve Ratio Cost Advisory Ratio Cash Reserve Ratio Cash Revenue Ratio 6. What does DD stand for Demand Cheque Demand Credit Demand Cash Demand Draft 7. Which among the following does the RBI not decide? SLR CRR Bank Rate Base Rate 8. What does ‘T’ in RTGS stand for? Time Transaction Tax Transfer 9. RBI was established on _________ ? April 21st, 1940 April 20st, 1943 April 22nd, 1947 April 1st, 1935 10. Which among the following is at times mentioned as a kind of Direct Debit Facility? RTGS ECS NEFT None of the Above 11. MICR on bank cheques is a 9-digit code which actually shows whether the cheque is real or fake. What does MICR stands for? Monetary Ink Cheque Recognition Magnetic Ink Character Retrieval Magnetic information Code Recognition Magnetic Ink Character Recognition 12. What does EXIM Bank stand for? Extra Import Bank of India Export Import Bank of India Export Information Bank of India None of the Above 13. What does FCCB stand for? Foreign Currency Convertible Bond France Currency Convertible Bond Freight Currency Convertible Bond None of the Above 14. Which of the following organizations is the Mutual Fund Market regulator? CIBIL MCX-SX SEBI National Stock Exchange of India 15. What does HDFC stand for? Housing Development Finance Corporation Haryana Development Finance Corporation Hyderabad Development Finance Corporation None of the Above Answer: 1] Core Banking Solutions, 2] Annual General Meeting, 3] Controller and Auditor General of India, 4] Consumer Price Index, 5] Cash Reserve Ratio, 6] Demand Draft, 7] Base rate, 8] Time (Real Time Gross Settlement), 9] April 1st, 1935, 10] ECS (Electronic Clearing Service), 11] Magnetic Ink Character Recognition (MICR), 12] Export Import Bank of India, 13] Foreign Currency Convertible Bond, 14] SEBI (Securities and Exchange Board of India), 15] Housing Development Finance Corporation
Posted on: Sun, 18 Jan 2015 19:01:40 +0000