Banking Questions for Allahabad Bank – IBPS [TEST-6]

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Banking Regulation Act 1949 does not apply to.....
A
Nationalised Banks
B
Foreign Banks having branches in india
C
State Bank of India and its associates Banks
D
Primary agricultural credit socities and co-operative land mortgage banks
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Treasury Bills means
A
salary bills drawn by Government officials on the treasury
B
bills drawee by the Government contractors and other suppliers on the treasury for the dues owed to them by the Government
C
obligation of the Government of India issued by the Reserve Bank of India and payable normally 91 days after issue
D
a mode of drawings by the Treasury Office on the Reserve Bank of India
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Indian Railways during August 2014 launched a contact-less smart card enabling passengers to pay for reserved as well as unreserved travelling train tickets as part of a pilot project. What is the name of this smart card with lifetime validity?
A
Go-India
B
Go-Bharat
C
Go-Indian
D
Go-Railway
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is most similar to a stock broker?
A
Floor broker
B
Futures commission merchant
C
Local
D
Pit trader
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Truncation of cheques means
A
Scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle
B
Debiting of drawer's account through internet
C
Both of the above
D
None of these
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is the total No. of PSEs companies listed in Navratna status?
A
9
B
10
C
16
D
12
KBC Questions answers
Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Reserve Bank of India does not print currency notes of the denomination of Rs
A
20
B
50
C
3, 000
D
1, 000
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
FEMA was implemented by replacing FERA in which year?
A
31.01.2002
B
01.06.2000
C
31.01.2000
D
01.01.2003
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which one of the following deficits deducted the interest payments to internal and external debt from the fiscal deficit to calculate the deficit of an economy?
A
Revenue deficit
B
Twin deficit
C
Primary deficit
D
Budgetary deficit
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is not an activity of merchant banking in India?
A
The management of the customers securities
B
The management of the portfolio
C
The management of projects and counselling as well as appraisal
D
None of the above
English grammar Questions answers
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