Sunday, June 11, 2017

Banking Awareness Questions

1.Cash Reserve Ratio (CRR) is maintained in the form of
Investment in Money Market 
Government Securities
Balance with RBI 
All of the above

2.Computer system failure is classified in the risk category of
Credit Risk
Operational Risk
Technology Risk 
Security Risk

3.Credit facility sanctioned for purchasing, processing and packing of goods meant for export is known as
packing credit 
bridge finance 
forfaiting 
None of these

4.How is Base Rate calculated?
a host of factors, like cost of deposits, administrative costs, profitability of a bank in the previous financial year are taken into account 
certain parameters with stipulated weights are considered while calculating a lender's Base Rate 
cost of deposit has the highest weight in calculating Base Rate All of the above

5.A commercial bank is prohibited from issuing a bank draft payable to bearer by the provisions contained in
The Negotiable Instruments Act, 1881 
The Reserve Bank of India Act, 1934 
The Companies Act, 1956 
The Banking Regulation Act, 1979

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