Banking Questions for ICICI Bank [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]
The RBI is not expected to perform the function of
A
the banker to the government
B
accepting deposit from commercial banks
C
accepting deposit from commercial public
D
issue of currency
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is a pension scheme focused on the workers in the unorganised sector?
A
SSY
B
AMRUT
C
APY
D
PMAY
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Whenever some people wish to enter into the business world, it is a must for them to approach a bank. What services do banks provide them in this regard?
  1. Banks act as payment agents by operating current accounts, paying cheques and receiving payments for them.
  2. Maintaining account books for them for their day-to-day activities so that they are not required to appoint account/ finance personnel on a regular basis.
  3. Lending money by way of overdraft, instalment loan, credit or advance for business activities
A
Only 1
B
Only 2
C
Only 3
D
Only 1 & (3)
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The difference between the outflow and inflow of foreign currency is known as.....
  1. Foreign Exchange Reserves
  2. Current Account Deficit
  3. Fiscal Deficit
  4. Balance of Payments
A
Only 1
B
Only 2
C
Only 3
D
Only 4
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Under which act NPCI was incorporated as a Section 8?
A
Banking Regulation Act, 1949
B
Companies Act 2013
C
Reserve Bank of India Act, 1934
D
Societies Registration Act, 1860
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
In 2011-12 Central Government launched a new Scheme 'Swabhimaan'. Which statements are true about it?
A
It is a programme on Financial Inclusion
B
Opening 5 crore new rural bank accounts.
C
Providing branchless banking through technology.
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 institutions is involved mainly in granting Housing Loans?
A
RBI
B
SBI
C
HDFC
D
ICICI
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Who among the following finalised Lead Bank scheme?
A
Government of India
B
IRDA
C
RBI
D
None of the above
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
According Negotiable Instruments Act, what is a Promissory Note?
A
A document written and Signed by the payer/maker
B
Containing an unconditional undertaking
C
To pay a certain sum of money only to a specific person or the bearer
D
All of the above
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Bank rate means
A
the rate of interest charged by commercial banks on advances
B
the rate at which commercial banks discount bills of exchange for their clients
C
the rate of interest allowed by banks on the deposits
D
the standard rate at which the Reserve Bank of India is prepared to buy or rediscount bills of exchange other commercial paper eligible for purchase under the Reserve Bank of India Act, 1934
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