Banking Questions for Bank of India – IBPS [TEST-9]

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
How many Local Area banks exist at present?
A
10
B
4
C
7
D
34
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which one of the following was the purpose of the appointment of Rangachary committee?
  1. Taxation of software Development Centres & IT Sector.
  2. Taxation of Biotechnology and Pharmacy sector.
  3. Taxation of MSME sector.
A
Only 1
B
Only 2
C
Only 3
D
Both 2 and 3
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
When did Negotiable Instruments Act, 1881 came into force?
A
9th December, 1881
B
19th December, 1881
C
1st March, 1882
D
none of the above
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Scheduled Banks of India are those banks, which are?
A
Included in First Schedule of RBI Act, 1934
B
Not included in First Schedule of RBI Act, 1934
C
Included in Second Schedule of RBI Act, 1934
D
Not included in Second Schedule of RBI Act, 1934
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
How many digits are present in IFSC code?
A
9
B
15
C
10
D
11
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the follwoing measures is not taken by government to control inflation?
A
It increases the rate of taxes
B
It increases cash reserve ratio
C
It increases the imports
D
It increases the public debt
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Co-operative development bank was set-up by
A
NABARD
B
RBI
C
SBI
D
Central Government
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in-?
A
February 2004
B
June 2008
C
September 2006
D
May 2012
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
NPCI is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks' Association (IBA). What does NPCI stand for-
A
National Payments Corporation of Industry
B
National Payments Council of India
C
Nominal Payments Corporation of India
D
National Payments Corporation of India
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
When a banker talks about CDR, what is he talking about?
A
Corporate Debt Restructuring
B
Corporate Debt Rollover
C
Company Debt Rollover
D
Corporate Deposit Restructuring
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