Banking Questions for Bank of India – IBPS [TEST-7]

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Banking awareness questions

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
'Unit Banking System' is that system where an individual bank undertakes the banking business
A
through a single office
B
through a few branches operating within a limited area
C
Both B and C
D
All of the above
Civics Test Questions answers
Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is a Government of India Company licensed under section 8 of the-
A
Securities Laws (Amendment) Act, 1996
B
Banking Regulation Act, 1949
C
Companies Act, 2013
D
Reserve Bank of India Act, 1934
Computer science (GATE/NET) Questions answers
Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
NEFT works on the principle of which of the following?
A
Gross Batch Settlement
B
Deferred Net Settlement
C
Priority Net Settlement
D
Domain Net Settlement
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following statements is/are true about the shareholding in the Regional Rural Bank (RRB)?
  1. Central govt. holds 50% stake.
  2. RBI holds 50% stake.
  3. State government holds 15% stake.
  4. Sponsored bank holds 35% stake.
A
Only 1 & 2
B
Only 2, 3 & 4
C
Only 1, 3 & 4
D
Only 1 & 4
Computer science (GATE/NET) Questions answers
Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
RBI has recently decided to do away with the per borrower loan limits to Micro/Small and Medium Enterprises (Services) for classification under PSL. PSL stands for-
A
Private Sector Lending
B
Priority Sector Lending
C
Priority Service Lending
D
Priority Securities Lending
Latest Current affairs Questions answers
Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
With regard to the Export Policy of the Government of India, which of the following statements is correct?
A
All commodities can be exported without licence
B
Export licenses are required for only a few items
C
Export licenses are required for all items
D
All of the above
English grammar Questions answers
Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following are the different routes for the Venture Capital Exit?
A
IPO
B
Promoter buyback
C
Mergers and Acquisitions
D
All of the Above
GK (GENERAL KNOWLEDGE) Questions answers
Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is the meaning of "B" in PMJJBY?
A
Band
B
Bill
C
Balance
D
Bima
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Income Tax Department has clarified that the cash sales of agricultural produce by a cultivator to a trader for less than 2 lakh rupees will not attract tax under the Income Tax Act. Who is present Chairman of Central Board of Direct Taxes (CBDT)?
A
Ashwani Lohani
B
Sushil Chandra
C
Ajay Tyagi
D
Rajeev Kumar
Computer science (GATE/NET) Questions answers
Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The payments bank will be registered as a public limited company under the Companies Act, 2013 and licensed under Section 22 of-
A
Banking Regulation Act, 1949
B
Reserve Bank of India Act, 1934
C
State Bank of India Act, 1955
D
NABARD Act, 1981
Bank exam Questions answers
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