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

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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 of the following is not considered a money market instrument?
A
Treasury bills
B
Repurchase Agreement
C
Commercial Paper
D
Shares and bonds
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
..... is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc.
A
Health Insurance
B
Life Insurance
C
Motor Insurance
D
Travel Insurance
Computer science (GATE/NET) Questions answers
Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
RBI sold its stake in NABARD to the Government of India, which now holds..... stake.
A
Approx 65%
B
Approx 70%
C
Approx 95%
D
Approx 99%
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Bank of Baroda is an Indian multinational, public sector banking and financial services company. It is owned by Government of India and headquartered in-
A
New Delhi
B
Vadodara
C
Mumbai
D
Kolkata
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is meant by a Scheduled Bank?
A
A Bank functioning under provisions of Banking Regulation Act. 1949
B
A Bank included in 2nd schedule of RBI Act 1934
C
A Bank incorporated under Banking Companies Act. 1956
D
A Bank authorised to do Banking functions
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Upper limit prescribed for RTGS transaction is
A
2 lacs
B
5 lacs
C
No upper limit is prescribed
D
50 lacs
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Consider the following statements regarding the features of the Indian money market.....
  1. It finds avenues for profitable investment for short-term surplus
  2. It opens the door for the Commercial Banks to occupy a strategic position in regulating money market.
  3. It provides short-term funds for Banks.
Which of the statements given above is/are correct?
A
Only 1
B
Only 2
C
1 and 3
D
All the above
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Name the person, who is the present Chairman of IRDAI?
A
HK Bhanwala
B
Ajay Tyagi
C
Subhash Chandra Khuntia
D
RS Sharma
Crack any exam
Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of following is necessary to transfer funds through the RTGS facility?
A
Beneficiary's bank account number
B
The IFSC number of the beneficiary's bank branch
C
There is a minimum amount specified for transfer
D
All of the above
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
SWIFT announces the extension of its GPI Tracker to cover all payment instructions sent across the network, enabling GPI banks to track all their SWIFT payment instructions at all times, and giving them full visibility over all their payments activity. What is the meaning of "S" in SWIFT?
A
Service
B
Society
C
System
D
Scheme
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