Banking Current Affairs Quiz for SBI/IBPS Exams

1. In a company the use of price sensitive corporate information by the Company – people to make gains or cover losses is known as?

 insider trading

 future trading

 foreign trading

 stock trading

 None of the above

2. Which of the following cannot be called as a Debt Instrument as referred in financial transactions?

 Certificate of Deposits

 Bonds

 Stocks

 Commercial Papers

 None of the above

3. Which of the following committees has given its recommendations on “Financial Inclusion”?

 Rakesh Mohan Committee

 Rangarajan Committee

 Sinha Committee

 All of the above

 None of the above

4. Which of the following correctly describes what sub-prime lending is? I. Lending to the people with less than ideal credits status. II. Lending to the people who are high value customers of the banks. III. Lending to those who are not a regular customer of a bank.

 Only I

 Only II

 Only III

 All of the above

 None of the above

5. The actual return of an investor is reduced sometimes as the prices of the commodities go up all of a sudden. In financial sector this type of phenomenon is known is?

 Probability risk

 Market risk

 Inflation risk

 All of the above

 None of the above

6. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purposes?

 Kisan Credit Card

 Personal Loan

 Business Loan

 Only (a) and (b)

 None of the above

7. Which of the following policies of the financial sectors is basically designed to transferring local financial assets into foreign financial asset freely and at market determined exchange rates?

 Capital Accounts Convertibility

 Financial Deficit Management

 Minimum Support Price

 All of the above

 None of the above

8. A customer wishes to purchase some US dollars in India. He/she should go to?

 Public Debt Division of the RBI only

 American Express Bank only

 RBI or any branch of a bank which is authorized for such business

 Only (b) and (c)

 None of the above

9. Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation?

 Personal Loan

 Corporate Loan

 Educational Loan

 Mortgage Loan

 None of the above

10. A Bank/Financial Organisation these days relies heavily on e-commerce for its transaction. As a part of system security, it has introduced organisation’s security awareness manual. This step of the organisation can be classified under which one of the following categories of measures for a business?

 Preventive Vigilance

 Compliance

 Corrective

 Detective

 None of the above

Answers:

1. a
2. c
3. b
4. a
5. a
6. a
7. a
8. c
9. c
10. a