Banking Questions for UCO Bank – IBPS [TEST-8]

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Net asset value NAV is the value per share of a mutual fund or an exchange-traded fund (ETF) on a specific date or time. NAV stands for-
A
Net Asset Voice
B
Nominal Asset Value
C
Non Asset Value
D
Net Asset Value
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following was the reason to establish Liberalised Remittance Scheme?
A
to permit citizens of India to transfer funds abroad for permitted current or capital account transactions
B
to permit foreigners to transfer funds abroad for permitted current or capital account transactions
C
to permit NRI to transfer funds to India for permitted current or capital account transactions
D
None of the above
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Who is a very senior citizen?
A
A person who is 65 years and above
B
A person who is 75 years and above
C
A person who is 80 years and above
D
A person who is 90 years and above
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
RTGS is a centralized payment system through which inter bank payment instructions are processed and settled. What is the meaning of "T" in RTGS?
A
Traded
B
Travel
C
Transport
D
Time
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Between 2007-08 to 2012-13, the value of Card spending rose to Rs.1.97 Lakh Crores. A raise in Cards spending indicates?
A
Transformation to 'Cashless Economy'
B
Low inflation
C
Raising incomes
D
Falling prices
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Union Budget, which is presented every year in the parliament, is also known as
A
General Budget
B
Common Budget
C
Annual Budget
D
Finance Report of the Year
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is the purpose of Ways and Means Advances scheme?
A
to give insurance to the large corporates for their investment in abroad projects
B
to handle the mismatch between cash flow of the receipts and payments of the State Governments
C
to promote export oriented projects by giving interest free credit
D
None of the above
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which among the following conditions, Regional Rural Banks (RRBs) should fulfil to become eligible to open new branch/branches?
A
No default in maintenance of SLR and CRR during the last two years
B
Operational profits are being made
C
Net worth shows improvement
D
All of the above conditions should fulfil by RRBs
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Catholic Syrian Bank Ltd and Celebrus Capital Ltd have announced a new partnership to offer CSB's customers online trading and demat services. Catholic Syrian Bank is based in-
A
Ahmedabad
B
Coimbatore
C
Amravati
D
Thrissur
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following lending qualifies as a priority sector loan?
A
Loan for purchase of gold for marriage of daughter
B
Loan for consumer durables
C
Housing loan
D
Loan for purchase of tractor
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