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Banking awareness questions
Question 1 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
An electronic computer terminal used to make deposits or take cash out of a bank account. [RBI Officer Grade C Examination-2008]
ATM | |
MAC Book Pro | |
Toshiba | |
Cash register |
Question 2 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Section 131 of Negotiable Instrument Act, 1881 extends protection to the [IBPS SO (NABARD) Examination-1984]
paying banker | |
collecting banker | |
advising banker | |
issuing banker |
Question 3 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Compared to debit cards and cheques, a credit card allows: [IBPS SO (NABARD) Examination-2002]
small short-term loans to be quickly made to cardholder | |
small short term loans are made to cardholder and he need not calculate a balance remaining before every transaction | |
total charges do not exceed the maximum credit line for the card | |
All of The Above |
Question 4 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
The Union Cabinet has recently approved to increase the Investment Limit for Senior Citizens from Rs. 7.5 lakh to..... under Pradhan Mantri Vaya VandanYojana (PMVVY). [Canara Bank-IBPS Examination-2003]
Rs.15 lakh | |
Rs.13 lakh | |
Rs.12 lakh | |
Rs.10 lakh |
Question 5 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
According to RBI Regulations, which of the following are allowed to set up small finance banks? [RBI Grade B Examination-1990]
NBFC | |
MFI | |
LAB | |
All of the Above |
Question 6 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Which of the following include the primary structure of the Mutual Funds? [UCO Bank-IBPS Examination-1993]
Open-end funds | |
Unit Investment Trusts | |
Exchange traded Funds | |
All of the Above |
Question 7 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Mr Sam who owns a Kirana store and uses BharatQR. He wants the QR code to have amount too so that customer need not enter the amount in their app. What is the name for such QR code? [RBI Officer Grade B Examination-2021]
Static QR code | |
Dynamic QR code | |
Automatic QR code | |
Automated QR code |
Question 8 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Why would a savings account be used to hold money instead of a checking account? [Lakshmi Vilas Bank Examination-2013]
To earn a higher interest rate | |
To make automated car payments | |
For additional FDIC protection | |
None of the above |
Question 9 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Our Bank's Hindi Magazine is known as- [Corporation Bank-IBPS Examination-2003]
BOBMAITRI | |
AKHSHAYAM | |
TRIVENI | |
SANGAM |
Question 10 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
When was the Public Debt Act passed? [SBI Clerk Examination-2017]
1935 | |
1942 | |
1944 | |
1947 |
Question 11 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
When James received his paycheck, he planned to cash it at a check cashing store. You advise him to cash it at his own bank if possible. Why? [IBPS PO Examination-2014]
There is likely to be a ceiling on the size of the check he can cash | |
They typically charge high fees | |
They typically require a two day waiting period before giving cash | |
They generally require a co-signor |
Question 12 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
What do you get when your bank account is set up? (there are 2 answers) [RBI Officer Grade C Examination-2002]
a debit card | |
personalized checks | |
a limo driver | |
Only (A) & (B) |
Question 13 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Consider the following statements:
- The base year for measuring GDP in India is 2004-05.
- The CSO functions under the Ministry of Statistics and Programme Implementation.
- NSSO is a part of Central Statistical Organisation (CSO).
2 and 3 | |
Only 1 | |
1 and 2 | |
1 and 3 |
Question 14 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
When the loan is granted for purchase of white goods it is called ..... [Central Bank of India-IBPS Examination-1981]
Consumption loan | |
White goods loan | |
Consumer durable loan | |
Business loan |
Question 15 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
The Reserve Bank of India (RBI) will capture the payment habits of individuals in six cities Mumbai, Delhi, Kolkata, Chennai, Bengaluru and Guwahati. For the purpose, the central bank has launched a survey. What is the name this survey? [IDBI Bank Examination-2007]
Survey on Retail Permitted Habitat of Individuals | |
Survey on Retail Protective Habitat of Individuals | |
Survey on Retail Perplexity Habits of Individuals | |
Survey on Retail Payment Habits of Individuals |
Question 16 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Your money grows faster with: [Central Bank of India-IBPS Examination-2018]
simple interest | |
compound interest | |
Either (A) or (B) | |
Neither (A) nor (B) |
Question 17 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Free shares of stock given to share holders at present, based upon the number of shares that a share holder owns are [Vijaya Bank-IBPS Examination-2020]
Right issues | |
Bonus shares | |
IPO | |
Preferential shares |
Question 18 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Consider the following Statements:
- MONEY IS THE CURRENT MEDIUM OF EXCHANGE IN THE FORM OF COINS AND BANKNOTES; COINS AND BANKNOTES COLLECTIVELY.
- NCUA is Federal government agency which protects depository institution accounts.
- Amount directly deposited by customers into Bank but no information received will increase Pass book balance.
Only 1, 2 | |
Only 2, 3 | |
Only 1, 2, 3 | |
Only 1, 3 |
Question 19 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Many banks are presently recruiting large numbers of business correspondents in terms of RBI instructions for financial inclusion. Which of the following is not eligible to be appointed as business correspondent? [Bank of Baroda Examination-2009]
Bank staff member | |
Kirana stores | |
Retired teachers | |
Ex-servicemen |
Question 20 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Yang termasuk contoh Kredit Modal Kerja adalah .. [AXIS Bank Examination-2007]
Satria mengajukan kredit untuk membeli perumahan yang dekat dengan tempat kerjanya | |
Wisnu sebagai supplier mengajukan kredit ke bank untuk membeli barang dagangan. | |
Yanto mengajukan kredit untuk membayar bahan baku produksinya. | |
Irfan seorang pengrajin sepatu mengajukan kredit untuk membeli mesin baru |
There are 20 questions to complete.
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