Banking Questions for Union Bank of India – IBPS [TEST-2]

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Two parallel transverse lines on the face of the cheque is called as crossing and when a name of a bank is included between the two lines, it is called as
A
General crossing
B
Special crossing
C
Bouble crossing
D
Bank crossing
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is the share of sponsor bank in the capital of RRB?
A
35%
B
49%
C
51%
D
71%
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Reserve Bank of India governs the foreign exchange reserves under the legal provisions of which of the following Acts?
A
RBI Act 1934
B
RBI Act 1935
C
RBI Act 1949
D
RBI Act 1951
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Many a time we read about the priority sector in newspapers. Which of the following is/are considered segment(s) of Priority Sector in India? [Punjab & Sindh 2011]
  1. Agriculture
  2. Small Scale Industry
  3. Textile Industry
A
Only 1
B
Only 2
C
Only 3
D
None of these
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Funds which combined the features of an Open-Ended and Close-Ended funds are known as which of the following?
A
Interval funds
B
Balance funds
C
Specialty funds
D
None of the Above
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The concept of ultra small bank branch for promoting financial inclusion in the country has been introduced. How would it be described?
A
Branch with two staff members
B
These Branches may be set up between the base branch and BC locations so as to provide support to about 8-10 BC Units at a reasonable distance of 3-4 kilometres
C
An ATM with cash payment and cash deposit
D
Branch controlled by gram panchayat
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Nepal has imposed limit on the amount of Indian currency its citizen can spend in India. What is that limit?
A
INR 10 lakh per year
B
INR 2 lakh per month
C
INR 1 lakh per month
D
INR 50, 000 per week
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
When was the Public Debt Act passed?
A
1935
B
1942
C
1944
D
1947
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
IndusInd Bank Limited is a..... based Indian new generation bank, established in 1994.
A
Bengaluru
B
Mumbai
C
Chennai
D
Kolkata
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
NABARD has sanctioned a loan assistance of Rs 1, 349.55 crore to the Rajasthan government for the creation of rural infrastructure in the state under the RIDF. RIDF stands for-
A
Rural Industrial Development Fund
B
Rural Infrastructure Depend Forum
C
Rural Investment Development Fund
D
Rural Infrastructure Development Fund
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