Banking Questions for Corporation Bank – IBPS [TEST-6]

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Asian Development Bank Chief Economist Yasuyuki Sawada has stated India's projected GDP growth of over 7% for the current fiscal (2018-19) is amazingly fast. Who is the Present President of the Asian Development Bank?
A
Ban Ki moon
B
Takehiko Nakao
C
Li Liquin
D
Robin Li
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Reserve Bank of India, released its June Mid-quarter Monetary Policy. Consider the following statements:
  1. RBI left its key policy, repo rate unchanged at 7.25% in line.
  2. CRR (Cash Reserve Ratio), remained at 4% .
  3. Repo is the rate at which banks borrow from the central bank.
Select the correct answer using codes given below:
A
1 and 2 only
B
2 and 3 only
C
1 and 3 only
D
1, 2 and 3
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
..... are certificates issued by banks that have overreached their priority sector lending targets.
A
Commercial Papers
B
Certificate of Deposits
C
Treasury Bills
D
Priority Sector Lending Certificates
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
As we know, a lot of new concepts are being used in the field of banking these days. Which of the following is NOT one such concept/product directly associated with banks?
A
F-payment
B
SMS Alert
C
ATM/Debit Card
D
Number Portability
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Banking Ombudsman Scheme is applicable to the business of..... [IBPS 2012]
A
All scheduled commercial banks excluding RRBs
B
All scheduled commercial banks including RRBs
C
Only Public Sector Banks
D
All Banking Companies
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Kisan Credit Card scheme was launched in the year.....
A
2000
B
1998
C
1996
D
1992
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following documents is mandatory for withdrawal/remittance of foreign exchange?
A
PAN
B
Aadhar card
C
Passport
D
None of the above
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is/are the main aim of financial inclusion?
A
to maintain a certain quantity of liquid assets with themselves at any point of time of their total time and
B
to control money supply in the economy
C
to provide basic banking services to all section of society in urban areas or rural areas at affordable cost
D
Both A and B
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Traveller's cheques are valid for.....
A
Three months
B
Six months
C
One year
D
No limit are valid till encashed
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following describes the term 'legal tender?
A
Any object legally used as money in a country
B
Money which cannot legally be refused in discharge of a debt
C
Bank notes where they are in legal circulation
D
Notes or coins other than the counterfeited ones
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