Banking Awareness: For IBPS PO/RRBs Exams Special

Q.1. A money deposited at a bank that cannot be withdrawn for a preset fixed period of the time is known as a ____________?

 

A. Term Deposit

B. Checking Account

C. Savings Bank Deposits

D. No Frills Account

E. Current Deposit

Q.2. A worldwide financial messaging network which exchange messages between bank and financial institutions is known as_________?

A. CHAPS

B. SWIFT

C. NEFT

D. SFMS

E. CHIPS

Q.3. The term "Smart Money" refers to?

A. Foreign Currency

B. Internet Banking

C. US Dollar

D. Travellers Check

E. Credit Cards

Q.4. Which one of the following is not a "Money Market Instruments"?

A. T-Bills

B. Commercial Paper

C. Certificate of Deposit

D. Equity Shares

E. None of these

Q.5. Which one of the following is a retail banking product?

A. Home Loan

B. Working Capital Finance

C. Corporation Term Loan

D. Infrastructure Financing

E. Export Credit

Q.6. Technological Advancement in the recent times has given a new dimension to banks, mainly to which one of the following aspects?

A. New Age Financial Derivatives

B. Service Delivery Mechanism

C. Any Banking

D. Any Type Banking

E. Multilevel Marketing

Q.7. When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it, is called?

A. Revenue Deficit

B. Budgetary Deficit

C. Zero Budgeting

D. Trade Gap

E. Balance of Payment Problem

Q.8. Which of the following is not a function of the Reserve Bank of India?

A. Fiscal Policy Functions

B. Exchange Control Functions

C. Exchange and Destruction of Currency notes

D. Monetary Authority Functions

E. Supervisory and Control Functions

Q.9. Which of the following is not required for opening a bank account?

A. Identity Proof

B. Address Proof

C. Recent Photographs

D. Domicile Certificate

E. None of these

Q.10. With reference to a Cheque which of the following is the "Drawee Bank"?

A. The bank that collects the cheque

B. The payee's bankr

C. The endorsee's bank

D. The endorser's bank

E. The bank upon which the cheque is drawn

                                                      

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