Sunday, 15 November 2015

( Set : 2 ) IBPS PO/CLERK/SBI/RRB/SO Exam Mock Quest : Banking Awareness MCQs Quiz - 9

1. Mortgage is a–
(A) security on movable property for a loan given by a bank.
(B) security on immovable property for a loan given by a bank.
(C) concession on immovable property for a loan given by a bank.
(D) facility on immovable property for a loan given by a bank.
(E) security on immovable property for a deposit received by a bank.

2. Which of the following types of accounts are known as “Demal Accounts” ?
(A) Accounts which are Zero Balance Accounts
(B) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
(C) Accounts in which shares of various companies are traded in electronic form
(D) Accounts which are operated through internet banking facility
(E) None of these

3. Upper limit prescribed for RTGS transaction is–
(A) Rs. 1 lac
(B) Rs. 2 lacs
(C) Rs. 5 lacs
(D) Rs. 50 lacs
(E) No upper limit is prescribed

4. Distribution of insurance products and insurance policies by banks as corporate agents is known as–
(A) General insurance
(B) Non-life insurance
(C) Bancassurance
(D) Insurance banking
(E) Deposit insurance

5. In order to attract more foreign exchange, the Government of India decided to allow foreign investment in LLP firms. What is full form of “LLP” as used in this reference?
(A) Local Labour Promotion
(B) Low Labour Projects
(C) Limited Loan Partnership
(D) Longer Liability Partnership
(E) Limited Liability Partnership

6. NEFT means–
(A) National Electronic Funds Transfer system
 (B) Negotiated Efficient Fund Transfer System
(C) National Efficient Fund Transfer Solution (D) Non Efficient Fund Transfer System
(E) Negotiated Electronic Foreign Transfer system

7. When the rate of inflation increases–
(A) purchasing power of money increases
(B) purchasing power of money decreases
(C) value of money increases
(D) purchasing power of money remains unaffected
(E) amount of money in circulation decreases

8. Interest on savings bank account is now calculated by banks on–
(A) minimum balance during the month
(B) minimum balance from 7th to last day of the month
(C) minimum balance from 10th to last day of the month
(D) maximum balance during the month
(E) daily product basis

9. A centralised database with online connectivity to branches, Internet as well as ATM-network which has been adopted by almost all major banks of our country is known as–
(A) investment banking
(B) core banking
(C) mobile banking
(D) national banking
(E) specialised banking

10. Which of the following is not considered a money market instrument ?
(A) Treasury Bills
(B) Repurchase Agreement
(C) Commercial Paper
(D) Certificate of Deposit
(E) Shares and Bonds

11. With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country–
(A) Will
(B) Registration
(C) Nomination
(D) Indemnity
(E) Guarantee

12. Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of–
(A) Minors
(B) Married women
(C) Senior citizens
(D) Government employees
(E) Rural residents

13. Largest shareholder (in percentage shareholding) of a nationalised bank is–
(D) Government of India

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