Banking Questions for Punjab & Sindh Bank – IBPS [TEST-7]

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which statement correctly describes RS.Bridge financing'?
A
Finance provided to bridge the gap between poor and the rich.
B
Bridge financing begins at the end of the first loan and ends with the start of the second loan.
C
Bridge financing ends at the start of the first loan and starts with the end of the second loan.
D
Finance provided to bridge the gap between Rural and the Urban people.
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The working group set up by the RBI has suggested the launch of an Emergency Fund Facility Scheme for banks. This scheme will help which of the following types of banks?
A
Public Sector Banks
B
Small Banks
C
Urban Cooperative Banks
D
Private Banks
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which company will acquire seven IBM products by mid-2019 for \$ 1.8 billion (over Rs 12, 700 crore) in its biggest ever acquisition so far?
A
Sony
B
TCS
C
HP
D
HCL
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Bank rate policy is a component of.....
A
Fiscal policy
B
Monetary policy
C
Trade policy
D
Foreign policy
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
OLTAS stands for-
A
On-line Transaction Accounting System
B
On-line Tax Amounting System
C
On-line Tax Accounting Service
D
On-line Tax Accounting System
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The branding line of Bank of Baroda is.....
A
International bank of India
B
India's International bank
C
Indian's Multinational Bank
D
World's local Bank
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
We suppose that Reserve Bank of India would like to increase the cash Reserves of the commercial banks. Which among the following would be most appropriate action of the RBI to achieve this aim?
A
RBI would release gold form its reserves
B
RBI would raise the reserve ratio
C
RBI would buy the bonds in the open market
D
RBI will stop the transactions which involve the bills of exchange
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is a non-banking financial company?
A
SBI
B
ICICI Bank
C
Muthoot Finance Limited
D
NABARD
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which type of Banks are covered under Deposit Insurance (DICGC) Scheme?
A
All commercial banks including the branches of foreign banks functioning in India
B
Local Area Banks
C
Regional Rural Banks
D
All of the above
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Government of India passed the "Recovery of Debts Due to Banks and Financial Institutions Act" in.....
A
1993
B
1992
C
1994
D
1990
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