Banking Questions for Canara Bank – IBPS [TEST-3]

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system?
A
Reserve Bank of India Act-1934
B
Banking Companies (Acquisition and Transfer of Undertakings) Act-1970
C
Banking Regulation (Companies) Rules, 1949
D
Payment and Settlement Systems Act (PSS Act), 2007
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which organization has released the draft guidelines to modify the loan system for delivery of bank credit, making the rules stricter to regulate larger borrowers enjoying working capital facility from the banking system?
A
RBI
B
SEBI
C
NABARD
D
SBI
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Reserve Bank of India has made banks' priority sector norms lenient by saying that all loans to MSME will henceforth qualify as priority sector lending. MSME stands for-
A
Micro Small and Medium Enterprises
B
Micro System and Medium Enterprises
C
Micro Small and Management Enterprises
D
Micro Small and Medium Energy
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
An account for which a bank acts as an uninterested third party is termed as?
A
Savings Account
B
Current Account
C
Reserve Account
D
Escrow Account
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which bank launches first homegrown economic index?
A
ICICI
B
BOB
C
SBI
D
PNB
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is the meaning of "E" in AEPS?
A
Enabled
B
Enquiry
C
Equity
D
Essential
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which one of the is PMJDY related to?
A
Financial inclusion
B
Bank
C
Literacy
D
Female education
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is not a banking/finance related term?
A
Credit wrap
B
EMI
C
Held to Maturity
D
Diffusion
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Central Statistics Office (CSO) revised the gross domestic product (GDP) growth rate for 2015-16 to 8.2% from the earlier estimates of 8% and kept the 2016-17 growth unchanged at-
A
7.60%
B
7.30%
C
7.10%
D
7.50%
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Where is the headquarters of the International Monetary Fund (IMF)?
A
Geneva
B
Paris
C
London
D
Washington DC
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