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    General Awareness Quiz 7 for SBI & IBPS exams

    General Awareness Quiz 7 for SBI & IBPS exams

    1 . Which of the following terms is NOT used in the field of banking and finance ?
    A.    Blue chip companies
    B.    Commercial Paper
    C.    Wobbe Index
    D.    Premium Bonds
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    2 . Which one of the following advice has been givenby the Finance Minister of India to Banks, while addressing the 5th International Banking and Finance Conference ?
    A.    Banks should provide ATMs in unbanked areas
    B.    Banks should extend loans to the people in rural areas
    C.    Banks should relax security norms for small businesses
    D.    Banks should prepare a roadmap for financial inclusion covering rural households
    View Answer
    3 . Expand the term IFRS_____
    A.    Indian Financial Review standards
    B.    Indian Financial Reporting standards
    C.    International Financial Review Standards
    D.    International Financial Reporting Standards
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    4 . What is a corporate Hedging ?
    A.    It is a mechanism to protect firms exposure toequity risk
    B.    It is a mechanism to protect firms exposure tomarket risk
    C.    It is a mechanism to protect firms exposure toforex risk
    D.    None of these
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    5 . India is following a system of fiat money, while issuing currency. What is fiat money ?
    A.    The currency is backed by Government Guarantee
    B.    The currency is backed by tangible assets
    C.    The currency is backed by gold reserves
    D.    The currency is backed by budgetary support
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    6 . A lease______
    A.    is a rental agreement between owner of a flat/house and the Tenant, whereby the Tenant pays specified amount on specified dates to the owner
    B.    is a legal contract-between the owner of an asset and its user, containing many conditions including payment of a specified amount by the user to the Owner for use of the asset.
    C.    is mainly used for machine
    D.    None of these
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    7 . Factoring —
    A.    is an easy way of raising cap ital from a factoring company by small business.
    B.    is selling of account receivables on a contractbasis for cash payment to a factor before it is due.
    C.    Is an arrangement for raising short term money against prepaid expenses.
    D.    None of these
    View Answer
    8 . Under provisions of which one of the following Acts, the RBI issues directives to the Banks in India ?
    A.    RBI Act
    B.    Banking Regulation Act
    C.    Essential Commodities Act
    D.    RBI and Banking Regulation Act
    View Answer
    9 . Which one of the following tools is used by RBI for selective credit control ?
    A.    It advises banks to lend against certain commodities
    B.    It advises banks to recall the loans for advances against certain commodities
    C.    It advises banks to charge higher rate of interest for advance against certain commodities
    D.    It discourages certain kinds of lending by assigning higher risk weights to loans it deems undesirable
    View Answer
    10 . For which one of the following Loan Products ‘teaser loans’ are offered by Banks ?
    A.    Educational Loans
    B.    Commercial Loans
    C.    Loans against security of gold
    D.    Home Loans
    View Answer
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