Thursday, 12 November 2015

Important Banking Awareness: for IBPS PO, IBPS RRB and IBPS Clerk : Quiz - 5



1) What is the maximum deposit amount insured by DICGC?
(a) Rs.200000 per deposit per bank
(b) Rs.200000 per depositors across all banks.
(c) Rs.100000 per depositors per bank
(d) Rs. 100000 per depositors across all banks
(e) None of the above


2) With reference to a cheque which of the following is the `drawee bank`?
(a) The bank that collects the cheque
(b) the payee`s bank
(c) the endorsee`s bank
(d) the endorser`s bank
(e) The bank upon which the cheque is drawn

3) In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction?
(a) RTGS
(b) NEFT
(c) TT
(d) EFT
(e) MT

4) Banking ombudsman scheme is applicable to the business of
(a) All scheduled commercial banks excluding RRBs
(b) All scheduled commercial banks including RRBs
(c) Only public sector banks
(d) All banking to masses
(e) Encouragement of a new class of entrepreneurs

5) What is a `Debit card`?
(a) It is a card issued by a rating agency
(b) It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account
(c) It is a card which can be used for withdrawing cash or making payment if there is balance in the account
(d) It is card which carries prepaid balance
(e) It is a card which can be used for making STD calls

6) according to the reserve bank`s instructions on banking matters. The banks can accept interest free deposits in which of the following accounts?
(a) Only savings account
(b) Only current accounts
(c) Savings and current accounts
(d) Savings, current and RD accounts
(e) None of the above

7) Which of the following is not helpful in controlling money supply?
(a) Free market policy
(b) CRR
(c) Bank rate
(d) Change in margin requirement
(e) None of these

8) In which of the following situations the `investment` will increase?
(a) increase in output and decrease in capital stock
(b) decrease in output and increase in capital stock
(c) Increase in output and increase in capital stock
(d) Decrease in output and decrease in capital stock
(e) None of the above

9) GDR means
(a) Gross Domestic Ratio which is a macro aggregate
(b) Global Depository Receipt which is the mechanism to raise funds from international market
(c) Global development range which has been set up by UNO for developing countries
(d) Geographically Developed Regions as defined by the UNDP
(e) None of the above

10) which of the following is a fundamental commercial bank accounting identify?
(a) Assets plus capital equals liabilities
(b) Assets plus liabilities equals capital
(c) Assets minus liabilities equals capital
(d) Either 1 or 2
(e) None of the above

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