Banking Questions for IBPS RRB Clerk [TEST-3]

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Transfer of any instrument to another person by signing on its back or face or on a slip of paper attached to it is known as
A
promissory note
B
bill of lading
C
bill of exchange
D
endorsement
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following functions are not being performed by the Reserve Bank of India?
A
Regulation of banks in India
B
Regulation of foreign direct investment in India
C
Foreign currency management in India
D
Control and supervision of money supply
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Near Money is defined as an.....
A
Asset which is not usable as a medium of exchange but has as store of value.
B
Asset that serves as a temporary medium of exchange and has a store of value.
C
Asset which adequately fulfill Store of value function and is readily convertible into a medium of exchange but is not itself a medium of exchange.
D
Asset which has a store of value & 100% liquidity
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Banking which involves mobilizing large part of the deposits in risk free assets such as government securities is called.....
A
Overseas Banking
B
Offshore Banking
C
Islamic Banking
D
Narrow Banking
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of these is not a new private sector bank?
A
IDFC
B
Axis Bank
C
Lakshmi Vilas Bank
D
Kotak Mahindra Bank
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
In 3rd Bi-monthly Policy Statement, RBI's monetary policy committee (MPC) raised policy rates by 25 basis points to 6.5% on account of inflationary pressures arising due to hike in minimum support price. What is the Bank rate at present (As on 02nd August 2018)?
A
6.25%
B
6.75%
C
6.55%
D
6.00%
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
FVCI which has obtained registration under the Securities and Exchange Board of India (FVCI) Regulations, 2000. FVCI stands for-
A
Foreign Venue Capital Investors
B
Foreign Venture Custody Investors
C
Foreign Venture Capital Investors
D
Foreign Venture Capital Installment
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What do we call the banking oriented towards mass welfare and financial inclusion of the poor?
A
Mass Banking
B
Narrow banking
C
Social banking
D
None of the above
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Security Printing and Minting Corporation of India Limited (SPMCIL) was formed after corporatisation of nine units including four mints, four presses and one paper mill which were earlier functioning under the Ministry of Finance. The Company was incorporated on-
A
13th January 2006
B
01st April 2002
C
18th March 2004
D
02nd October 2008
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is the maximum balance of account that can be retained of 5-Year Post Office RD Account?
A
10 lakh
B
1 crore
C
No limit
D
1 lakh
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