Banking Questions for IBPS PO (CWE PO/MT) [TEST-4]

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Banking awareness questions

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
At which of the following rates does the Central Bank lend to banks against government securities?
A
Repo Rate
B
Reverse Repo Rate
C
Bank Rate
D
CRR
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Mukesh Kumar Jain has been appointed as Managing Director & Chief Executive Officer of.....
A
Oriental Bank of Commerce
B
Allahabad Bank
C
Canara Bank
D
Punjab and Sindh Bank
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
National Financial Switch' has been setup to facilitate connectivity between the bank's switches and their ATMs and interbank payment gateway for authentication and routing the payment details of various e-commerce transactions. Which organisation has set-up this switch?
A
IBRD
B
IDRBT
C
SBI
D
SIDBI
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
India's Foreign Exchange Reserve is maintained by which of the following institutions?
A
RBI
B
NABARD
C
Central Government
D
IMF
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Bank loan against property requires the asset to be free from encumbrances. What does it mean?
A
The asset to be free from any liability
B
The asset to be properly registered
C
The property to be fully constructed
D
The asset should not have multiple owners
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Objective of monetary policy of RBI is to
A
control inflation
B
discourage hoarding of commodities
C
encourage flow of credit into neglected sector
D
All of the above
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Chennai is the headoffice of which of the following banks?
A
Bank of India
B
Indian Bank
C
Andhra Bank
D
Dena Bank
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
In 1991, the SLR was as high as
A
25%
B
30%
C
38.50%
D
0.395
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Very often we read in the newspapers about various measures taken up to control the flow of the capital in the Indian markets. Who amongst the following is/are the regulators who can control the flow of the same in India? [UBOI 2008]
  1. Indian Bank's Association
  2. RBI
  3. SEBI
A
Only 1
B
Only 2
C
Only 3
D
Both (2) & (3)
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is the effort of IBA?
A
Assist and provide common services to members.
B
Promote sound and progressive banking principles and practices.
C
Coordinate and co-operate on procedural, legal, technical, administration, professional matters.
D
All of the above
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