Expected General / Financial Awareness Questions (Day-87)

Dear Readers, SBI Clerk Exam were approaching shortly, and this is the right time to rush up your preparation. In Banking examination General Awareness Part plays a most vital role which help aspirants to increase their Overall Score. For Banking Exams you have to focus more on Financial Awareness Part, only few sources are there to provide Expected General/Financial Awareness Questions. Here we have given the List of Expected General Financial Awareness Questions for Upcoming Banking Exams 2018.

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We IG Team have provided the Expected General/Financial Awareness Questions Specially for Upcoming Bank Exams 2018.

Expected General / Financial Awareness Questions (Day-87)

maximum of 15 points
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  1. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2 crore on ——————– bank over non-compliance with KYC norms.
  1. Indian Bank
  2. Syndicate Bank
  3. Yes Bank
  4. Indian Overseas Bank
  5. Oriental Bank of Commerce

2. RBI has imposed a fine of Rs 3 crore for violation of non-performing asset (NPA) classification norms on —————– Bank.

  1. ICICI Bank
  2. Axis Bank
  3. Syndicate Bank
  4. Bank of Maharashtra
  5. Bank of India

3. Which state government has signed a MoU with e-Governance Foundation (e-Gov) of Nandan Nilekani to provide citizen centric services?

  1. Haryana
  2. Karnataka
  3. Odisha
  4. Punjab
  5. Maharashtra

4. Which committee has been constituted by the Union Government to study issues in Fintech space?

  1. Subhash Chandra Garg committee
  2. Sushil kumar Committee
  3. Sivaraman Committee
  4. S k Sharma Committee
  5. None of these

5. An account in which the trading of shares in their electronic form is done is known as —————-

  1. RFC account
  2. FCNR account
  3. NRE account
  4. NRO account
  5. None of these

6. When it comes to providing locker facility to the customer of any bank, the relationship between the customer and the banker is ——————

  1. Debtor and creditor
  2. Bailor and bailee
  3. Lessee and lessor
  4. Agent and principal
  5. Lessor and lessee

7. When it comes to providing ancillary services such as collection of cheques, bills etc, the relationship between the customer and the banker is ———————

  1. Debtor and creditor
  2. Bailor and bailee
  3. Principal and Agent
  4. Agent and principal
  5. Lessor and lessee

8. Which type of loan does Mortgage relates?

  1. Vehicle loan
  2. Gold loan
  3. Personnel loan
  4. Housing loan
  5. Educational loan

9. Which of the following terms are not used in banking sector?

  1. Statutory liquidity ratio
  2. Colonisation
  3. Fixed
  4. Repo
  5. Non- performing asset

10. Which of the following cannot be called as a debt instrument as referred in the financial transactions?

  1. Bonds
  2. Buildings
  3. Debentures
  4. Commercial papers
  5. Certificate of deposit

11. Who is the author of the book titled ‘How to be a Human’?

  1. Vikram Seth
  2. Rohinton Mistry
  3. Manjeet Hirani
  4. Mira Nair
  5. Sunita Gowariker

12. The 2018 edition of FICCI Frame was held in ————————-

  1. New Dellhi
  2. Chennai
  3. Hyderabad
  4. Mumbai
  5. Pune

13. Who is the winner of the rapid event at the 11th Tal Memorial Chess Tournament?

  1. Alexander Grischuk
  2. Viswanathan Anand
  3. Shakhriyar Mamedyarov
  4. Sergey Karjakin
  5. None of these

14. Which is the first country of the World to launch its own crypto-currency as legal tender in a bid to raise money?

  1. Iceland
  2. Marshall Islands
  3. Ireland
  4. Canada
  5. Solomon Islands

15. Angela Merkel has been re-elected as Chancellor of Germany. This is her ——–term.

  1. 2nd
  2. 3rd
  3. 4th
  4. 5th
  5. 6th

 

Answers:

  1. Answer: (D). : The Reserve Bank of India (RBI) imposed a monetary penalty of Rs.2 crore on Indian Overseas Bank for non-compliance with the directions issued by the former regarding Know Your Customer (KYC) norms.
  2. Answer: (B). The Reserve Bank of India imposed penalty of Rs 3 crore on private lender Axis Bank for non-compliance of income recognition and asset classification (IRAC) norms. The regulator said it found discrepancies in the lenders assessment of non-performing assets which warranted a monetary penalty.
  3. Answer: (D). The Punjab Government has signed a Memorandum of Understanding (MoU) with e-Governance Foundation (e-Gov) of Nandan Nilekani regarding the managing of electronic governance of Urban Local Bodies (ULBs) throughout Punjab.
  4. Answer: (A). The Union government has set up a steering committee to consider various issues relating to the development of Fintech space in India with a view to make Fintech related regulations more flexible and generate enhanced entrepreneurship.
  5. Answer: (E). Securities are held electronically in a DEMAT Account, thereby eliminating the need for physical paper certificates. DEMAT Accountbecame available after India adopted the DEMAT system for the electronic storing of stock shares and other securities in 1996.
  6. Answer: (C). An important ancillary service provided by the banks is that of safe deposit lockers or also called Vault facility, to the customers who hire them on lease basis. The relationship therefore, is that of lessee and lessor. Customer is lessee and bank is lessor.
  7. Answer: (C). Banks provide ancillary services such as collection of cheques, bills etc. They also undertake to pay regularly the electricity bills, phone bills etc. for and on behalf of the customer. Here the instruction of the customer to the banker is that of a Principal and Bank carries out the same as Agent.
  8. Answer: (D). A mortgage is a loan in which property or real estate is used as collateral. The borrower enters into an agreement with the lender (usually a bank) wherein the borrower receives cash upfront then makes payments over a set time span until he pays back the lender in full.
  9. Answer: (B). Colonisation means the action or process of settling among and establishing control over the indigenous people of an area.
  10. Answer: (B). other than buildings all the remaining be called as a debt instrument as referred in the financial transactions.
  11. Answer: (C). The book is based on the dog which the Hirani’s adopted from ‘PK’ sets.
  12. Answer: (D). The three- day global convention covering the entire gamut of Media and Entertainment Industry will attract not only the industry stakeholders from across the world but also the government policy makers from India and abroad.
  13. Answer: (B). Viswanathan Anand won the rapid event at the 11th Tal Memorial chess in Moscow. The World rapid champion finished the event with 6 points while Shakhriyar Mamedyarov (with 5 points) came second.
  14. Answer: (B). The Marshall Islands is creating its own digital currency in a bid to raise money. In doing so it becomes the first country in the world to recognize a cryptocurrency as legal tender.
  15. Answer: (C). Germany’s Angela Merkel secured her fourth term as the Chancellor after the Social Democratic party voted in favour of a grand coalition with Merkel’s Christian Democratic Union.

 

 

Daily Practice Test Schedule | Good Luck

Topic Daily Publishing Time
Daily News Papers & Editorials 8.00 AM
Current Affairs Quiz 9.00 AM
Logical Reasoning 10.00 AM
Quantitative Aptitude “20-20” 11.00 AM
Vocabulary (Based on The Hindu) 12.00 PM
Static GK Quiz 1.00 PM
English Language “20-20” 2.00 PM
Banking Awareness Quiz 3.00 PM
Reasoning Puzzles & Seating 4.00 PM
Daily Current Affairs Updates 5.00 PM
Data Interpretation / Application Sums (Topic Wise) 6.00 PM
Reasoning Ability “20-20” 7.00 PM
English Language (New Pattern Questions) 8.00 PM
General / Financial Awareness Quiz 9.00 PM

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