Quiz 329: Banking Awareness For Bank PO Examinations

1.In context with the Real Time Gross Settlement which is maintained by the RBI in India, what is the number of characters in the alphanumeric codes provided to each bank connected with Core Banking System?

2.What is the minimum maturity on Certificates of Deposit in India?
(A)7 days
(B)30 days
(C)60 days
(D)90 days
(E)120 days

3.Consider the following:
Which among the above are applicable to India?
(A)1 only
(B)1 & 2 only
(C)1, 2 & 3
(E)all of them

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4.Normally which of the following date of a month is observed as Customer day in Indian Banks on which the branch heads / officials are available to hear and redress customer grievances?
(C)Last Saturday of each month
(D)Second Saturday of each month
(E)last day of each month

5.In which year the Consumer protection act was implemented in India?

6.Which of the following committee is known to lay the foundation for induction of Computer Technology in the Indian Banking Sector ?
(A)Abid Hussein Committee
(B)Dr. Rangarajan Committee
(C)Narsimham Committee
(D)Tarapore Committee
(E)Vijay kelker Committee

7.Which among the following works as central processing agent in RTGS?
(A)Reserve Bank of India
(B)Institute for Development & Research in Banking Technology [IDRBT]
(C)Indian Financial Network
(D) Indian Banks Association
(E)None of them

8.Which of the following was set up by State bank of India on recommendation of Iyer Committee in 1991?

9.The unemployment of a person when he/ she is in midst of transiting between jobs, searching for new job comes under the which of the following category?

10.Which of the following Presidents of United States is known for creating “President’s Organization for Unemployment Relief” in the decade of thirties for victims of Great Depression?
(A)Franklin D. Roosevelt
(B)Herbert Hoover
(C)Calvin Coolidge
(D)Harry S. Truman
(E)None of them

11.In context with the macroeconomics , Philips Curve is a relationship between the rates of ___?
(A)Unemployment & Exim trade
(B)Unemployment and Inflation
(C)Unemployment and Demand
(D)Unemployment and Poverty
(E)None of them

12.Which among the following is an example of Cross selling?
(A)A sales person suggests a product or service to a person who lives in neighborhood of one of the clients
(B)A sales person suggests a premium brand of whisky, when the customer is buying a local made liquor
(C)A person suggests a new product or service to an old client of the company
(D)A person sales an extensive annual maintenance contract when the customer buys a product.
(E)All of above

13.In context with the Basel II guidelines , which among the following is true regarding the guidelines of the Reserve bank of India issued in 2007 for implementation for foreign banks operating in India and Indian banks having presence outside India?
(A)Standardized approach for credit risk and basic indicator approach for operational risk
(B)Standardized approach for operational risk and basic indicator approach for credit risk
(C)Standardized approach for both credit risk & operational risk
(D)Basic indicator approach for both credit risk & operational risk
(E)None of them

14.In context with the banking business, which among the following is a correct definition of liquidity risk?
(A)Risk arising from funding of long term assets by short term liabilities or funding of short term assets by long term liabilities
(B)Risk arising from adverse movement of interest rates during a liquidity crunch in the markets
(C)Risk arising from the adverse movement of the value of the assets /investments etc.
(D)Risk arising from a party becoming defaulter
(E)None of them

15.Which among the following is not a pillar of BASEL II CRAR?
(A)Minimum Capital Requirement
(B)Risk Management
(C)Supervisory review of capital adequacy
(D)Market discipline
(E)All of above are pillars of BASEL II CRAR

16.The stock market deals in _______?
(A)Only short term securities
(B)Only Long term securities
(C)Both short term and long term securities
(D)Only secured bonds
(E)None of them

17.Round Tripping is normally used in context with which of the following _____?
(A)Capital Markets
(B)Foreign Direct Investments
(C)Cash Deposits
(D)Foreign Remittances
(E)Foreign currency swaps

18.In context with the markets, what is dematerialization of securities?
(A)Shortening the time of debt repayment on securities
(B)Electric holding of the shares replacing the paper securities
(C)The price of a shares falling below certain point in the share market
(D)The buyback of shares by a company
(E)Dividend distribution

19.Which among the following is an example of Arbitrage?
(A)A firm of brokers purchases certain shares at BSE and sells the same number of shares at NSE to take advantage of minor difference in rates
(B)A firm of currency brokers purchases US dollars and sells the British Pounds with the same value
(C)A firm buys certain number shares of a company and sells similar number of shares of another company which is doing better in the market
(D)A firm buys certain currency today and undergoes a contract to sell the same currency after two months
(E)None of them

20.Who among the following are the beneficiaries of Ways and Means Advances (WMA) facility of Reserve Bank of India?
(A)Commercial Banks
(B)Regional Rural banks
(C)State Governments
(D)Authorized Dealers of Foreign Exchanges
(E)All of above

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  • rahul

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  • abc

    What an idea sir ji

  • Anonymous

    Exceelent Work.


  • Anonymous

    Excellent Work

  • Anonymous

    Good work & a grt help for Bank PO Aspirants !!
    Thanks alot Sir.

  • Anonymous

    can anyone answer this please- who was the leader of a country who offered a chair to Obama, when he had bumped into a meeting of the developing countries at the copenhagen summit?

  • Anonymous


  • Anonymous


  • apoorv saxena


  • Anonymous

    thanks 4 help us

  • krishnendu

    thanks to you.can you please send me last five years banking awareness question?

  • krishna priya lanka

    thank you so much.
    also please post more if possible for CWE banking awareness

  • mritz

    hello good

  • kundan sinha

    i got what i was searching for.


  • archana bansal

    it is so helpful for bank po preparation..

  • chandel

    you are doing excellent work keep on