Banking Current Affairs Quiz for SBI/IBPS Exams

1. Which of the following is the limitation of the ATMs owing to which people are required to visit branches of the bank? 

I.It does not accept deposits 

II.It has a limited cash disbursement capacity 

III. Lack of human interface.

 Only I

 Only II

 Only III

 All of the above

2. An industry which is fighting hard to increase its market share in existing market (with new popular products) is known as?

 market vendor

 market operator

 market leader

 market challenger

3. Many times we see in newspapers that some projects are launched by the government authorities on ‘PPP’ basis. What is the full form of ‘PPP’?

 Preferential Payment Plan

 Public-Private Partnership

 Partial Payment Project

 Popular Private Project

4. The government of India recently decided to allow Currency Futures in India. In addition to Ministry of Finance which is/are the other organisation(s) who permission/approval is needed for such operations in India? 

I. International Monetary Fund (IMF) 

II. Reserve Bank of India (RBI) 

III. Securities and Exchange Board of India (SEBI)

 Only I

 Only II

 Only III

 Only II and III

5. The Reserve Bank of India has decided to help banks, as a temporary measure, by providing additional liquidity support under LAF. What is the full form LAF?

 Loan Adjustment Fund

 Liquidity Adjustment Facility

 Long Awaited Funds

 Loan Against Funds

6. The formal institutional credit delivery system in rural India comprises of which of the following? 

I. Co-operativ Banks 

II. Commercial Banks 

III. Regional Rural Banks IV. Self Help Groups

 Only I and II

 Only III and IV

 Only I, II and IV

 All of the above

7. The Reserve Bank of India has recently issued guidelines to banks on Pillar 2 of Basel II framework. Pillar 2 deals with which of the following? 

I. New Capital Adequacy Framework 

II. HR Management 

III. Better profitability with minimum number of employees

 Only I

 Only II

 Only III

 None of the above

8. Which of the following is NOT a department of the Ministry of Finance, government of India?

 Department of Economic Affairs

 Department of Expenditure

 Department of Revenue

 Department of External Affairs

9. Which of the following is the example of product diversification of Bank?

 Credit Card

 International Credit Card

 Debit Card

 All of the above

10. Which of the following is/are different categories of inflation? 

I. Wage Push 

II. Cost push 

III. Demand pull

 Only I

 Both I and II

 Both II and III

 All of the above

Answers:

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