100 Most Important Banking Awareness Questions by Kashmir Student
Questions mostly asked in IBPS Banking Exams like JKBank Probationary Officer & Banking Associate Exams
Part I
1). _______________is the time when a company makes the first offering of the shares to the public
- Initial Public Offering
2). Doing banking from a cubicle from which food, newspapers, tickets,etc are also sold is called___________
- Kiosk Banking
3). __________is a financial ratio which gives us an idea or a measure of a company’s ability to meet its financial losses
- Leverage Ratio
4). ____________ is the ability of converting an investment quickly intocash with no loss in value.
- Liquidity
5). ___________is a kind of security which one offers for taking an advance or loan from someone.
- Mortgage
6). ___________is the amount of funds that a bank keeps with the RBI. If the percentage of CRR increases then the amount with the bank comesdown.
- Cash Reserve Ratio
7). __________ is an increase in the quantity of money in circulation without any corresponding increase in goods thus leading to an abnormal rise in the price level.
- Inflation
8). _____________is a loan that is made for a very short period of a few days only with a low rate of interest.
- Call Money
9). Rate of interest at which a bank gives loan to its most reliable customer is called
- Prime Lending Rate
Explanation: Rate of interest at which a bank gives loan to its most reliable customer i.e., customer with, zero risk is called (PLR)
10). Credit Rating Information Services of India Limited was established on
- 1987
Explanation: CRISIL, India's first credit rating agency, is incorporated, promoted by the erstwhile ICICI Ltd, along with UTI and other financial institutions on 1987.
11). Credit Rating Information Services of India Limited head quarters located in
- Mumbai
12). Credit Information Bureau (India) Limited is India’s first Credit Information Company (CIC) founded in
- 2000
Explanation: Credit Information Bureau (India) Limited is India’s first Credit Information Company (CIC) founded in August 2000
13). Credit Information Bureau (India) Limited head quarters located in
- Mumbai
14). Credit Analysis & Research Ltd was established on
- 1993
Explanation: CARE Ratings commenced operations in April 1993 and over nearly two decades; it has established itself as the second-largest credit rating agency in India.
15). Credit Analysis & Research Ltd head quarters located in
- Mumbai
Explanation: CARE Ratings’ registered office and head office, is located at 4th floor, Godrej Coliseum, Somaiya Hospital Road, Sion(East), Mumbai
16). ICRA Limited (ICRA) is an Indian independent and professional investment information and credit rating agency was established on
- 1991
17). ICRA Limited (ICRA)head quarters located in
- Gurugram
18). ONICRA Credit Rating Agency of India Ltd. was established on
- 1993
19).ONICRA Credit Rating Agency of India Ltd head quarters located in
- Gurugram
20). High Mark Credit Information Services is a credit bureau was established on
- 2005
Explanation: High Mark Credit Information Services is a credit bureau based in Mumbai was established on 2005
21). High Mark Credit Information Services is a credit bureau head quarters located in
- Mumbai
Explanation: High Mark Credit Information Services is a credit bureau based in Mumbai
22). SMERA Ratings Ltd (SMERA) is a full service credit rating agency was established on
- 2005
Explanation: SMERA Ratings Ltd (SMERA) is a full service credit rating agency exclusively set up for micro, small and medium enterprises (MSME) in India and has grown to rate SME, mid & large corporate. The agency was founded in 2005 by Small Industries Development Bank of India.
23). Head quarters of SMERA Ratings Ltd (SMERA) located in
- Mumbai
Explanation: SMERA Ratings Ltd (SMERA) is a full service credit rating agency exclusively set up for micro, small and medium enterprises (MSME) in India, Head quarters of SMERA Ratings Ltd (SMERA) located in Mumbai
24). Brickwork Ratings (BWR) is Credit Rating Company was established on
- 2008
Explanation: Brickwork Ratings (BWR) is a Bengaluru based company registered with the Securities and Exchange Board of India (SEBI) in 2008
25). Brickwork Ratings Credit Rating Company head quarters located in
- Bengaluru
Explanation: Brickwork Ratings (BWR) is a Bengaluru based company registered with the Securities and Exchange Board of India (SEBI) in 2008
26). ___________ is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India
- Securities and Exchange Board of India
Explanation: The Insurance Regulatory and Development Authority of India is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India.
27). Insurance Regulatory and Development Authority of India headquarters located in
- Hyderabad
Explanation: Insurance Regulatory and Development Authority of India headquarters are in Hyderabad, Telangana, where it moved from Delhi in 2001
28). Insurance Regulatory and Development Authority of India was established on
- 1999
Explanation: Insurance Regulatory and Development Authority of India was formed by an act of Indian Parliament called as IRDA Act of 1999
29). Life Insurance Corporation of India head quarters located in
- Mumbai
Explanation: Life Insurance Corporation of India is an Indian state-owned insurance group and investment company headquartered in Mumbai.
30). The Life Insurance Corporation of India was founded in
- 1956
31). General Insurance Corporation of India head quarters located in
-Mumbai
Explanation: General Insurance Corporation of India has its registered office and headquarters in Mumbai
32). The General Insurance Corporation of India (GIC) was established on
- 1972
Explanation: The General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA. It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares.
33). Oriental Insurance Company headquarters located in
- New Delhi
34). Oriental Insurance Company was established on 12 September
-1947
Explanation: Oriental Insurance Company was incorporated on 12 September 1947 as a government-owned non- life insurance company
35). New India Assurance Company limited head quarters located in
- Maharashtra
Explanation: New India Assurance Company limited head quarters in Mumbai, Maharashtra
36). New India Assurance Company limited was founded in
- 1919
Explanation: New India Assurance Company limited was founded by Sir Dorabji Tata in 1919, and was nationalised in 1973
37). National Insurance Company Limited head quarters located in
- Kolkata
Explanation: National Insurance Company Limited headquartered at Kolkata was established in 1906 and nationalized in 1972
38). National Insurance Company Limited was established in
- 1906
Explanation: National Insurance Company Limited headquartered at Kolkata was established in 1906 and nationalised in 1972
39). United India Insurance Company head quarters located in
- Chennai
40).United India Insurance Company was established on
-1972
Explanation: United India Insurance Company was incorporated on 18 February 1938, and was nationalised in 1972
41). Anyone who solicits insurance, delivers policies and collects premiums on behalf of an insurance company is called
- Agent
42). In insurance, the person (corporation, partnership, or other organization) to whom aright or rights under a policy are transferred by means of an assignment is called
- Assignee
43). In insurance, a legal transfer of ownership of a policy by the policy
owner to another party is called
- Assignment
44). In insurance, the person to whom the proceeds of an insurance policy are payable is called
- Beneficiary
Explanation: Beneficiary - In insurance, the person to whom the proceeds of an insurance policy are payable. The various types of beneficiaries are; primary beneficiaries (those first entitled to proceeds), secondary beneficiaries (those entitled to proceeds if no primary beneficiaries are living); and tertiary beneficiaries (those entitled to proceeds if no primary or secondary beneficiaries are living).
45). An agreement between owners of a business stipulating when and how the owner's interest will be sold to a pre-specified party under a pre-determined pricing formula is called
Buy-Sell Agreement
46). In insurance, the equity amount or cash accumulation in a permanent life insurance policy is called
- Cash Value
47). In insurance, the amount of money redeemable to the owner of a permanent life insurance policy when the policy is surrendered to the company is called
- Cash Surrender Value
48). An agreement, enforceable by law, whereby the insurance company binds itself to certain promises or deeds conditioned on the payment of premiums due is called
- Insurance Contract
49). A term insurance contract that may be converted to a permanent form of insurance without a medical examination is called
- Convertible Term
50). A summary of an applicant's credit history for insurance, loans, credit, etc., made by an independent organization that has investigated the applicants credit standing is called
- Credit Report
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