Banking Questions for IDBI PO [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]
Which Act was framed specially to deal with Non-Performing Assets(NPA)?
A
Banking Regulation Act 1949
B
Foreign Exchange Management Act(FEMA) 1999
C
Industrial Disputes Act 1947
D
SARFAESI Act, 2002
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Insurer shall comply with the Award within..... days from the date of receipt of the Award and intimate of its compliance to the Insurance Ombudsman.
A
75 days
B
45 days
C
60 days
D
30 days
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
about the "Village Gram Bank Scheme"?
A
The scheme is launched to provide safeguards against Starvation during the period of natural calamities or lean season.
B
The gram banks are set up in food scare areas like drought prone areas.
C
Village Panchayats who were running Village Grain Banks earlier are now not authorized to run.
D
Both A and B
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Name the Bank, which has entered into a "strategic alliance" with mobile wallet major MobiKwik to launch a co-branded virtual Visa prepaid card for customers of MobiKwik recently?
A
South Indian Bank
B
IDFC Bank
C
Federal Bank
D
Bandhan Bank
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Union Bank of India is one of the largest government-owned banks of India. Where is the head office of Union Bank of India?
A
Kolkata
B
Pune
C
New Delhi
D
Mumbai
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What was the paidup capital of RBI when it commenced operations as India's central bank on April 1 1935?
A
Rs 1 crore
B
Rs 5 crore
C
Rs 10 crore
D
Rs 100 crore
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following Rates/Ratio is not covered under the Monetary and Credit policy of the RBI?
A
Bank Rate
B
Repo Rate
C
Cash Reserve Ratio
D
Exchange Rate of Foreign Currencies
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The weakest link in the co-operative credit system is
A
non-availability of published data on their functioning
B
the non-viability of a large number of primary agricultural credit societies
C
presence of multiple structure and diverse nature of various types of primary societies
D
Both A and B
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is the purpose of KYC in banking?
A
It is used for customer identification
B
It is used for increasing the CRR of banks
C
It is used for money laundering
D
Both A and C
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Dr Muhammad Yunus is a resident of [Corporation Bank 2011]
A
India
B
Pakistan
C
Bangladesh
D
USA
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