Banking Questions for Union Bank of India – IBPS [TEST-7]

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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]
A cheque crossed as 'Payees a/c only" is direction to
A
The payee not to negotiate the cheque.
B
The paying banker to ensure that the proceeds of the cheque are credited to the payees a/c only.
C
The collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only.
D
None of the above
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
On the basis of an assessment of the current and evolving macroeconomic situation, MPC has decided to keep the policy repo rate unchanged. MPC stands for-
A
Money Policy Committee
B
Management Policy Committee
C
Monetary Product Committee
D
Monetary Policy Committee
GK (GENERAL KNOWLEDGE) Questions answers
Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Government securities are considered liquid because they are .
A
Backed by the government treasury .
B
Convertible into the other types of saving deposits
C
Stable in value
D
Quickly & easily Marketable
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Tamilnad Mercantile Bank Limited is a bank headquartered in-
A
Thoothukudi
B
Madurai
C
Salem
D
Tiruchirappalli
GK (GENERAL KNOWLEDGE) Questions answers
Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
One rupee notes and coins are issued by-
A
Reserve Bank of India
B
State Bank of India on behalf of Government of India
C
Ministry of Finance
D
Finance Minister of Central Government
GK (GENERAL KNOWLEDGE) Questions answers
Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is NOT a Public Sector Unit? [Indian Overseas Bank 2011]
A
HPCL
B
Yes Bank
C
HAL
D
SAIL
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The..... has the responsibility of administering the functions of currency management, a core function of the Reserve Bank in terms of the Reserve Bank of India Act, 1934.
A
Derivative of Currency Management
B
District of Currency Management
C
Department of Currency Management
D
Department of Currency Manager
Computer science (GATE/NET) Questions answers
Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
In Regional Rural Banks, What is the contribution of the Sponsor Banks?
A
50%
B
15%
C
35%
D
25%
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Who among the following appoints the "authorised Dealers" for foreign exchange transactions?
A
GOI
B
RBI
C
PSBs
D
FEDAI
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
SDDS is an International Monetary Fund standard to guide member countries in the dissemination of national statistics to the public. SDDS stands for-
A
Special Data Dissemination Service
B
Special Data Dissemination Standard
C
Special Data Dissemination System
D
Special Durable Dissemination Standard
Civics Test Questions answers
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