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Banking Awareness Quiz 116 – IBPS PO (15 Questions – 11th November 2014)

List of IBPS PO 2014 – 15 Questions in Quiz format for 11th November 2014.

Currently there is no time limit or negative marking for this quiz, so take your time and attempt all.
All the Best.
You can select an answer only once, not multiple attempt option available for this quiz.

Check one of the Sample Question –

Which of the following is a private bank of India?
1. Union Bank of India
2.Syndicate Bank
3.IDBI Bank
4.UCO Bank
5.HDFC Bank

Banking Awareness Quiz 116 – IBPS PO (15 Questions – 11th November 2014)

Banking Awareness Quiz - 116 - IBPS PO

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Question 1
What is the Repo-Rate?
A
It is the rate at which RBI sells government securities to banks
B
It is the rate at which RBI allows small loans in the market
C
It is the rate at which banks borrow money from the Reserve Bank of India
D
It is the rate which is offered by banks to their most valued customers or prime customers.
E
None of these
Question 2
NPA in banking terminology denotes
A
New Para-banking Assets
B
Net Profitable Assets
C
Net Performing Assets
D
Non-Performing Assets
E
New Pension Act
Question 3
When a customer draws a cheque on a bank
A
It is mandate on that bank to pay.
B
It is mandate on the Government of India to pay.
C
It is mandate on the State Government to pay.
D
It is a mandate on the RBI to pay.
E
It is a mandate on the finance ministry to pay.
Question 4
A nationalized bank is also called by which of the following names
A
Private Sector Bank
B
Self Help Group
C
Cooperative Bank
D
Grameen Bank
E
Public Sector Bank
Question 5
'Nomination' for a deposit account in the bank means
A
Mandate given by the close relatives of the depositor to settle the death claim in case of death of the depositor.
B
Mandate decided by the bank to settle the death claim of its depositor.
C
Mandate of the depositor in favour of one or more persons to claim the amount on death of the depositor.
D
Mandate of the depositor in favour of a close relative who can claim the amount on death of the depositer.
E
Court order instructing the banks to settle the death claim of its depositer.
Question 6
In which of the following accounts is operation by cheques permitted?
A
Saving banks account and fixed deposit accounts
B
Current accounts and fixed deposit accounts
C
Saving bank account and floating loan accounts
D
Saving bank accounts and cash accounts
E
Saving bank accounts and current accounts
Question 7
Banks cannot do which of the following business?
A
Accepting demand and time deposits from public
B
Accepting items for keeping in safe custody
C
Selling gold coins
D
Buying commodities for trading
E
Accepting foreign currency for selling to money changers
Question 8
Which of the following is a private bank of India?
A
Union Bank of India
B
Syndicate Bank
C
IDBI Bank
D
UCO Bank
E
HDFC Bank
Question 9
Traveller's cheque is
A
A supplementary credit card
B
A cheque issued by a bank or financial institution which functions as capital
C
A certificate issued by a bank or financial institution in lieu of cash
D
A cheque issued by a bank or financial institution which functions as a bond
E
A prepaid instrument issued by a bank or finance institution which can be substitute of cash
Question 10
A mortgage is a security created on
A
Movable property for a loan given by a bank
B
Immovable property for a deposit received by a bank
C
A confirmation of immovable property given by a bank
D
Movable property for a deposit given by a bank
E
Immovable property for a loan given by a bank
Question 11
If a crossed cheque is presented for payment
A
Cash can be paid across the counter to the presenter
B
Cash can be paid across the counter to the account holder only
C
It can be paid only through a banker
D
It cannot be paid at all
E
It can be paid across the counter in another bank
Question 12
Bank branches which can undertake foreign exchange business directly are known as ____ in foreign exchange.
A
Authorized dealers
B
Foreign dealers
C
Overseas branches
D
Approved dealers
E
Exchange branches
Question 13
Insurance cover for bank deposits in our country is provided by ____ .
A
SBI
B
Government of India
C
GIG
D
LIC
E
DICGC
Question 14
'Dinar' is the currency of which of the following countries?
A
Pakistan
B
Iran
C
Ghana
D
South Sudan
E
Libya
Question 15
Loans of very small amounts given to low income groups is called ____ .
A
Cash credit
B
Micro credit
C
Simple overdraft
D
No frills loans
E
Rural credit
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Updated: November 12, 2014 — 1:19 am

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