Sunday, 15 November 2015

( Set : 1 ) IBPS PO/CLERK/SBI/RRB/SO Exam Mock Quest : Banking Awareness MCQs Quiz - 8

1. Which of the following statements is true?
(A) Banks cannot accept demand and time deposits from public.
(B) Banks can accept only demand deposits from public.
(C) Banks can accept only time deposits from public.

(D) Banks can accept both demand and time deposits from public.
(E) Banks can accept demand and time deposits only from Government.



2. Which of the following is the correct statement ?
(A) State Bank of India is the sole authority to issue and manage currency in India.
(B) A nationalised bank is the sole authority to issue and manage currency in India.
(C) A cooperative bank is the sole authority to issue and manage currency in India.
(D) RBI is the sole authority to issue and manage currency in India.

(E) None of these

3. Interest payable on savings bank accounts is–
(A) not regulated by RBI.

(B) regulated by Sate Governments.
(C) regulated by Central Government.
(D) regulated by RBI.

(E) regulated by Finance minister.

4. Accounts are allowed to be operated by cheques in respect of–
(A) Both Savings bank accounts and fixed deposit accounts

(B) Savings bank accounts and current accounts
(C) Both Savings bank accounts and loan accounts.

(D) Both Savings bank accounts and cash accounts only.
(E) Both Current accounts and fixed deposit accounts


5. Which of the following is correct statement ?
(A) Normally no interest is paid on current deposit accounts.
(B) Interest is paid on current accounts at the same rate as term deposit accounts.
(C) The rate of interest on current account and savings account are the same.
(D) No interest is paid on any deposit by the bank.
(E) Savings deposits are the same as current deposits.


6. The usual deposit accounts of banks are–
(A) Current accounts, electricity accounts and insurance premium accounts
(B) Current accounts, Post office savings bank accounts and term deposit accounts
(C) Loan accounts, savings bank accounts and term deposit accounts

(D) Current accounts, savings bank accounts and term deposit accounts
(E) Current bill accounts and term deposit accounts


7. Financial inclusion means provision of–
(A) financial services namely, payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the same.
(B) ration at affordable cost to persons not yet given the same.
(C) house at affordable cost to persons not yet given the same.
(D) food at affordable cost to persons not yet given the same.
(E) education at affordable cost to persons not yet given the same.


8. Which of the following is known as cross selling by Banks ?
(A) Sale of a debit card to a credit card holder

(B) Sale of Insurance policy to a depositor
(C) Issuance of Cash against Cheque presented by a third party
(A) Only (A) (B) Only (B) (C) Only (C)
(D) Both (A) and (C) (E) All (A), (B) and (C)


9. Which of the following states became the first state in the country to launch RBI’s e-payment system for commercial tax payers?
(A) Andhra Pradesh 

(B) Kerala 
(C) Gujarat
(D) Maharashtra  

(E) Karnataka

10. When a bank returns a cheque unpaid, it is called–
(A) payment of the cheque

(B) drawing of the cheque
(C) cancelling of the cheque
(D) dishonour of the cheque
(E) taking of the cheque

Read more IBPS Banking Awareness Exam Mock Test

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