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Banking Awareness Practice Tests for

IBPS PO IV and Clerks IV Online Exams
- Set 23
Tuesday, August 19, 2014

Banking Awareness

riends, here is the 23rd set of oursponsored links

Banking Awareness online practice test series for
upcoming IBPS PO IV and Clerks IV Online Exams 2014.
Happy Reading :)

1. The formal way of lending includes ____________

1. Private Sector Banks

2. Co-operative Banks
3. Public Sector Banks
4. RRBs
5. All of above
Ans : All of above

2. The

village

people

take

more

loans

from

non-

institutional sources (informal route). It includes

________
1. Scheduled banks
2. Public sector banks
3. Co-operative banks
4. Rural banks
5. Money Lenders
Ans : Money Lenders

3. Soft loan characteristic feature is ____________

1. Shot period and more rate of interest
2. Long period and more rate of interest
3. Long period, more rate of interest with grace period
4. Long period, less rate of interest with grace periods
5. Long period, more rate of interest with no grace periods

Ans : Long period, less rate of interest with grace periods

4. "Loan Servicing" means ?

1. Lending the money
2. A mortgage bank or sub-servicing firm collects the
timely

payment

of

interest

and

principal

from

borrowers.
3. Helping the customer to get loan in other banks by
providing the details of the running account.
4. Giving a loan if the customer has any deposit
5. Giving second loan after payment of first loan regularly
Ans : Lending the money

5. A loan allows the person to pursue higher studies is

______________
1. Education Loan

2. Higher studies loan

3. College Admission loan
4. Passing Loan
5. Graduation Loan
Ans : Education Loan

6. Who headed the study group constituted by Indian

Banks Association to give the recommendations on
Education Loans ?
1. Dantelwala
2. N. Kishore Chaudari
3. R. J. Kamath
4. C. Ranga Rajan
5. None of these
Ans : R. J. Kamath

7. As per the direction given by the Reserve Bank of

India on 19th November 2013, the publis sector
banks should provide loans to women self help
groups at a rate of _________ per anum, so as to get
the benefit of interest rate subvention scheme under
Swarnajayanti Gram Swarozgar Yojana-Aajeevika.
1. 7 %

2. 10%
3. 5.5%
4. 8.25%
5. None of these
Ans : 7%

8. When any asset ceases to generate income for the

bank, it is called ____________
1. Zero Asset
2. Profitable Asset
3. Non-Performing Asset
4. Performing Asset
5. None of these
Ans : Non-Performing Asset

9. IIFCL recently decided to go for the $5 billion Line of

Credit (LOC) due to project delays. IIFCL stands for
_____________
1. India Infrastructure Finance Consortium Limited
2. India Indemnity Finance Company Limited
3. India Infrastructure Fund Company Limited
4. India Infrastructure Finance Company Limited
5. International Infrastructure Finance Company Limited

Ans : India Infrastructure Finance Company Limited

10. Which

of

the

following

statements

is

wrong

regarding Non-Performing Assets (NPA) ?

1. Installment of principal or interest thereon remains
overdue for two crop seasons for short duration crops
2. Amount of liquidity facility remains outstanding for
more

than

90

days,

in

respect

of

a securitization transaction undertaken in terms of

guidelines on securitization dated 1st February 2006.
3. Installment of principal or interest thereon remains
overdue for two crop seasons for long duration crops
4. All of these
5. 1 & 2

Ans : Installment of principal or interest thereon remains overdue for two crop seasons for long duration crops

11. In a news paper it is read that 'Higher provisioning

erodes

public

sector

bank's

profit'.

'provisioning' relates to ?
1. Daily Expenses
2. Cost to erect ATMs
3. Conducting exams to recruit new personnel
4. Bad loans

Here

5. Establish new branches

Ans : Bad loans

12. National Housing Bank Act was passed by Indian

Parliament in __________
1. 1991
2. 1994
3. 2000
4. 1987
5. 2001
Ans : 1987

13. National Housing Bank was set up on 9th July of

which year ?
1. 2005
2. 2014
3. 1991
4. 1988
5. 2000
Ans : 1988

14. Who headed the High Level Group to examine the

proposal

and

recommended

the

setting

up

of

National Housing Bank (NHB) ?

1. Prabhakaran C
2. Wanchoo
3. Dr. C. Rangarajan
4. Narasimham
5. K. C. Charavarthy
Ans : Dr. C. Rangarajan

15. NHB Head office is located in ?

1. Kolkata
2. Hyderabad
3. Lucknow
4. New Delhi
5. Mumbai
Ans : New Delhi

16. 'Promoting Inclusive expansion with stability in

housing finance market' is the vision of __________
1. NHB
2. NABARD
3. ICICI

4. EXIM Bank
5. SBI
Ans : NHB

17. Present Chairman of NHB is ?

1. R. V. Verma

Home

English

2. K. R. Kamath
Aptitude
Reasoning

G.K.

Computers

3. Prakash Bakshi

Current Affairs 2014 4. IBPS

PORanganathan
2014 Special
T. C. A.
5. None of these
Ans : R. V. Verma

<

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18. Loan given for undertaking repairs, renovations and
/ or upgradation is called
1. Home Damage Loan
2. Home Improvement Loan
3. Home Makeup Loan

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4. Home Custody Loan

5. Home Consumption Loan
Ans : Home Improvement Loan

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19. Important statements of Bridge Loan in Home Loan

given. Pick the wrong statement ?

1. Bridge Loan also available in Home Loans

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2. It is designed for people who wish to sell the existing Rs. 75

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3. It helps finance the new home, until a buyer is found
for the old home
4. It is not available in Metro cities

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5. None
Ans : It is not available in Metro cities

20. Non-Performing Assets (NPA) includes

1. Interest and / or installment of principal remain
overdue for a period of more than 90 days in respect of
a term loan
2. The account remaining 'out of order' for a period of
more than 90 days in respect of an overdraft / cash
credit
3. The bill remains overdue for a period of more than 90
days in the case of bills purchased and discounted
4. All the above
5. None of the above
Ans : All the above

Read

more

Banking

Practice Sets from below

Set 1
Set 2
Set 3
Set 4
Set 5
Set 6
Set 7
Set 8
Set 9
Set 10
Set 11
Set 12
Set 13
Set 14
Set 15
Set 16
Set 17
Set 18

Awareness

Model

Set 19
Set 20
Set 21
Set 22
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RandomOnlooker

5 days ago

NHB chairman---> Mohammad Mustafa.

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