Banking Questions for Indian Overseas Bank – IBPS [TEST-3]

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
..... is an open-ended Equity Mutual Fund that doesn't just help you save tax, but also gives you an opportunity to grow your money. It qualifies for tax exemptions under section (u/s) 80C of the Indian Income Tax Act.
A
CRR
B
RTGS
C
EFT
D
ELSS
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is the full form of 'FINO', a term we see frequently in financial newspapers?
A
Financial Investment Network and Operations
B
Farmer's Investment in National Organization
C
Farmers Inclusion News and Operations
D
Financial Inclusion Network and Operations
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
New private banks are being given licences since
A
1991
B
1992
C
1993
D
1995
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which Bank has tied up with Digital invoice discounting marketplace-Invoicemart to discount invoices for MSMEs?
A
ICICI Bank
B
State Bank of India
C
Vijaya Bank
D
Bank of Baroda
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Under the PM-KISAN Government of India funded Scheme, Rs..... each will be transferred to the bank accounts of around 12 crore Small and Marginal farmer families, in three equal installments.
A
Rs.4, 000
B
Rs.8, 000
C
Rs.2, 000
D
Rs.6, 000
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
SWIFT is a network for banks to exchange information. What is the expanded form?
A
Safe window for international transactions
B
Secured worldwide international transactions
C
Society for worldwide interbank financial telecommunications
D
All of the above
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is the custodian of India's foreign exchange reserve?
A
Department of Finance
B
State Bank of India
C
Reserve Bank of India
D
Board of Financial Supervision
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
RXIL is a TReDS platform operating since..... and is promoted by the National Stock Exchange, Small Industries Development Bank of India, State Bank of India, ICICI Bank and Yes Bank.
A
2011
B
2014
C
2017
D
2009
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is/are NOT the functions of a bank?
  1. Accepting deposits from the public
  2. Grant of loans and advances
  3. Providing finance to all those who cannot earn enough to survive
A
Only 1
B
Only 2
C
Only 3
D
All the above
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Primary Deficit is obtained by subtracting..... from fiscal deficit.
A
Revenue Deficit
B
Depreciation
C
Borrowings
D
Interest Payment
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