Banking Awareness Quiz for IBPS PO 2014

Which entity/organization works as central processing agent in RTGS?
  A) Reserve Bank of India
  B) Institute for Development & Research in Banking Technology
  C) Indian Financial Network
  D) Indian Banks Association
   
Which facility was set up by State bank of India on recommendation of Iyer Committee in 1991?
  A) RTGS
  B) NEFT
  C) BANKNET
  D) Rupaya

   
Who 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) Central Government
   
Normally, Government’s fiscal policy is related to _________________.
  A) Open market Operations
  B) Change in Reserve requirements
  C) Taxation and government spending
  D) Change in Bank Rates
   
Which does not come under the monetary policy for regulating the economy?
  A) Discount rate
  B) Government spending
  C) Reserve requirement
  D) Open market Operations
   
India’s all economic transactions with the outside world in a year is specified under __________?
  A) Balance of Trade
  B) Balance of Payments
  C) Balance of Transaction
  D) None of These
   
Which in the list does not come under the Priority Sector Lending (PSL)?
  A) Scheduled Castes and Scheduled Tribes
  B) Environmentally sustainable projects
  C) Small Enterprises
  D) Small Farmers
   
Which is a monthly publication by Reserve Bank of India?
  A) Statistical Report
  B) Monetary and Credit Information Review
  C) Macroeconomic and Monetary Developments
  D) Monthly Inflation Details
   
Which is a major qualitative control measure in India imposed by the RBI?
  A) Margin Requirements
  B) Open market Operations
  C) Reserve Ratio Requirements
  D) Ways and Means advances
   
Which is full form of CAS in context with Banking in India ?
  A) Cash Authorization Scheme
  B) Credit Authorization Scheme
  C) Credit Advance Scheme
  D) Cash Advance Scheme


Answers:
1 (b), 2 (c), 3 (c), 4 (c), 5 (b), 6 (b), 7 (b), 8 (b), 9 (a), 10 (b)