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Banking Awareness Practice Tests for

IBPS PO IV and Clerks IV Online Exams

- Set 23

riends, here is the 23rd set of ourBanking 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

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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 interest2. 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

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 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 thetimely 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

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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 %

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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

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 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'. Here'provisioning' relates to ?

1. Daily Expenses

2. Cost to erect ATMs

3. Conducting exams to recruit new personnel

4. Bad loans

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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

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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 inhousing finance market' is the vision of __________ 

1. NHB

2. NABARD

3. ICICI

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4. EXIM Bank

5. SBI

 Ans : NHB

17. Present Chairman of NHB is ?

1. R. V. Verma

2. K. R. Kamath

3. Prakash Bakshi

4. T. C. A. Ranganathan

5. None of these

 Ans : R. V. Verma

18. Loan given for undertaking repairs, renovations and

/ or upgradation is called

1. Home Damage Loan

2. Home Improvement Loan

3. Home Makeup Loan

4. Home Custody Loan

5. Home Consumption Loan

 Ans : Home Improvement Loan

19. Important statements of Bridge Loan in Home Loan

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given. Pick the wrong statement ?

1. Bridge Loan also available in Home Loans

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

home and purchase another

3. It helps finance the new home, until a buyer is found

for the old home

4. It is not available in Metro cities

5. None

 Ans : It is not available in Metro cities

20. Non-Performing Assets (NPA) includes

1. Interest and / or installment of principal remainoverdue 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

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17th October 2014 - Daily

Current Affairs updates•

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IBPS PO IV Online Exam

Reviews dated 18th October •

 — hi friends i had

attended ibps po on october 12

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Question Paper with Answer 

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for this since morning. Its really

 

RBI Assistants Exam Schedule

of Tamil Nadu and Srinagar 

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 — waiting for results for such a long time

• •

 

NHB chairman---> Mohammad Mustafa.

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