Banking General knowledge for LIC AAO [TEST-6]

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G.K. Questions on Banking

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Question 3051

Frank buys a car using Pound 3,000 finance, over 1 year at 8% APR per year. When the finance is repaid, how much in total will Frank have to pay back?

A
Pound 3,000
B
Pound 3,240
C
Pound 4,200
D
Pound 5,400
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Question 3052

Which bank enjoys monopoly power of Note issue?

A
NABARD
B
Commercial Bank
C
Central Bank
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Question 3053

What does SSI stand for?

A
social standing income
B
salute social internet
C
social security income
D
saturday sunday internet
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Question 3054

A check that is older that 6 months old is called a stale check.

A
true
B
false
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Question 3055

The contents of a safety deposit box are not insured by the FDIC, but banks can offer insurance if the items are lost or destroyed.

A
true
B
false
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Question 3056

Which of the following is NOT a bank service?

A
Interest
B
Checking
C
Savings
D
Loans
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Question 3057
What is opportunity cost?Bank exam interview questions answers
A
The cost associated with taking a new job
B
What you pay for an experience
C
What a person gives up when making a decision
D
Fees
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Question 3058

Which is a valid resource for verifying checks?

Bank exam interview questions answers
A
Image Research
B
Verify signature on signature card
C
Call the bank the check is drawn off of
D
All of the above
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Question 3059
Money borrowed and paid back with interest
A
Bank Rate
B
Loan
C
Account
D
Debit
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Question 3060

What is the guaranteed breakeven year for Pruwealth II 5 Pay?

A
year 18
B
year 20
C
year 10
D
year 15
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