A bank grants a ₹50 lakh personal loan at 9.5% p.a. for 7 years. If the borrower makes a part-payment of ₹10 lakhs after 2 years, how much principal remains? (Assume no prepayment penalty)

The correct answer is B: Less than ₹40 lakh. After 2 years of EMI payments, the principal balance is reduced. A ₹10 lakh part-payment further reduces this, resulting in less than ₹40 lakh remaining.

Bank A reported a Net Interest Margin (NIM) of 2.8% in Q3 2024. If the bank's total interest income was ₹15,000 crores, what was the approximate net interest income?

The correct answer is A: ₹4,200 crores. NIM = Net Interest Income / Total Assets. Given NIM of 2.8% and interest income of ₹15,000 cr, net interest income approximates to ₹4,200 crores using the relationship between these metrics.

If a bank's Return on Assets (ROA) is 1.2% and Total Assets are ₹8 lakh crore, what is the bank's Net Profit?

The correct answer is C: ₹9,600 crore. Net Profit = ROA × Total Assets = 1.2% × ₹8,00,000 crore = ₹9,600 crore.

If Bank R's dividend per share is ₹5 and market price is ₹80, what is the dividend yield?

The correct answer is B: 6.25%. Dividend Yield = (Dividend per Share / Market Price) × 100 = (5 / 80) × 100 = 6.25%

A bank's Net Interest Margin (NIM) increased from 2.8% to 3.1% in FY2024. What is the percentage point increase?

The correct answer is A: 0.3 percentage points. The difference is 3.1% - 2.8% = 0.3 percentage points. This is different from percentage change.

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Bank PO / Clerk / RBI
General Awareness

PO, Clerk, RRB — Quantitative, Reasoning, GK

104 Q 3 Topics Take Mock Test

Difficulty: All Easy Medium Hard 101–104 of 104

Topics in Bank PO / Clerk / RBI

All General Awareness 200 Banking Awareness 18 Data Interpretation 100

Q.101 Medium General Awareness

What is the primary objective of Priority Sector Lending (PSL)?

A To increase bank's profit margins

B To provide credit to disadvantaged sectors of the economy

C To reduce RBI's regulatory burden

D To encourage foreign investments

Correct Answer: B. To provide credit to disadvantaged sectors of the economy

EXPLANATION

PSL mandates banks to lend a certain percentage of advances to priority sectors like agriculture, SMEs, and education for inclusive growth.

Test

Q.102 Medium General Awareness

Which of the following credit facilities is typically used for short-term working capital needs?

A Mortgage Loan

B Cash Credit

C Home Loan

D Auto Loan

Correct Answer: B. Cash Credit

EXPLANATION

Cash Credit is a short-term credit facility provided to businesses for meeting their working capital requirements on a revolving basis.

Test

Q.103 Medium General Awareness

What is the minimum Statutory Liquidity Ratio (SLR) as per RBI norms in 2024?

A 18%

B 19.5%

C 20%

D 21.5%

Correct Answer: B. 19.5%

EXPLANATION

The Statutory Liquidity Ratio is currently maintained at 19.5% of net demand and time liabilities, as per RBI guidelines.

Test

Q.104 Medium General Awareness

Which of the following is a measure of bank's profitability?

A Capital Adequacy Ratio

B Return on Assets (ROA)

C Statutory Liquidity Ratio

D Priority Sector Lending

Correct Answer: B. Return on Assets (ROA)

EXPLANATION

Return on Assets (ROA) measures how efficiently a bank uses its assets to generate profit. It's calculated as Net Income / Total Assets.

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Bank PO / Clerk / RBI General Awareness

Bank PO / Clerk / RBI
General Awareness