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Banking Awareness Quiz 118 – 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 –

What is stale cheque?
1. A cheque issued without drawer’s signature
2.A cheque with only signature of the drawer
3.A cheque which has completed six n months from its date of issue
4.A six month post-dated
5.Any one of these

Banking Awareness Quiz 118 – IBPS PO (15 Questions – 11th November 2014)

Banking Awareness Quiz - 118 - IBPS PO

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Question 1
A customer drawing a cheque on a bank has a right to
A
Take back the cheque from the bank after it is paid
B
Take back the cheque from the bank after it is paid with the permission of RBI
C
Stop payment of the cheque before it is paid
D
Stop payment of the cheque after it is paid
E
Stop payment of the cheque before it is issued
Question 2
Which of the following is NOT a function of a commercial bank?
A
Providing project finance.
B
Settlement of payments on behalf of the customers.
C
Deciding policy rates like CRR, SLR and Repo Rates.
D
Issuing credit / debit / ATM cards.
E
Providing services such as locker facilities, remittances.
Question 3
What is Money laundering?
A
Conversion of assets into cash
B
Conversion of Money which is illegally obtained
C
Conversion of cash into gold
D
Conversion of gold into cash
E
Conversion of gold into foreign currency
Question 4
Which of the following is not a salient feature of debit card?
A
No bad debts to banks and no suits for recovery
B
No interest earning for Banks g
C
Works like a normal withdrawal slip
D
45 days credit is given to the card holder
E
All the above
Question 5
Which of the following is a measure taken by the Reserve Bank of India to control inflation in our country?
A
Increasing the CCR
B
Increasing the SLR
C
Contraction of supply of currency
D
Raising Repo/Reverse Repo Rate
E
Decreasing the SLR
Question 6
What is stale cheque?
A
A cheque issued without drawer's signature
B
A cheque with only signature of the drawer
C
A cheque which has completed six n months from its date of issue
D
A six month post-dated
E
Any one of these
Question 7
What do you understand by the term 'Mortagage'?
A
Sale of movable security in the event of default by the borrower
B
Registration of charge with the Registrar of Companies
C
Making the security of immovable property available as a cover for a home loan by the borrower
D
Registration of charge with the Regional Transport Authority 13.
E
Returning of the security to borrower by the bank on receipt of full payment
Question 8
Which of the following constitutes the largest percentage of retail loans in India?
A
Auto loans
B
Personal loans
C
Personal overdrafts
D
Consumer loans
E
Home loans
Question 9
Credit risk to the bank is high in which of the following cards?
A
D ebit cards
B
Credit cards
C
ATM cards
D
All of the above
E
None of these
Question 10
Which of the following is NOT a source of funds of a commercial bank?
A
Capital
B
Borrowings from RBI
C
Call money borrowings
D
Deposits
E
Cash reserve with RBI
Question 11
Which of the following is a Credit Card Association?
A
India Card
B
Master Card
C
SBI Cards
D
Citi Bank Cards
E
BOB Card
Question 12
Which of the following is not an electronic banking delivery channel?
A
Mobile Vans
B
Mobile Phone Banking
C
Internet Banking
D
Tele Banking
E
ATM
Question 13
Crossing on a cheque can be cancelled by the ____ of the cheque under his full signature.
A
Payee
B
Drawee
C
Endorser
D
Holder
E
Drawer
Question 14
Which of the following categories of advance accounts is not an NPA?
A
Standard account
B
Substandard account
C
Doubtful account
D
Loss account
E
All the above
Question 15
Which of the following organizations/bodies formulates the rule of international trade among/between the nations?
A
World Trade Organisation
B
Asian Development Bank
C
International Monetary Fund
D
World Bank
E
United Nations Development Programme
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Updated: November 29, 2014 — 6:51 pm

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