Banking Awareness Questions :: IBPS PO & Clerks Set 1 Question And Answers

Quantitative Aptitude
Verbal Ability

16. The features of Demand Draft given, Locate the wrong option?

A. It is drawn by a bank upon its own branch or another bank. B. Demand Draft valid for 3 months.
C. It is payable on demand and it cannot be made payable to bearer. D. None
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17. A Demand Draft payable to bearer may be issued only by ____________

C. SEBI D. Private Banks
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18. Payment of a lost Demand Draft is made to the _______________

A. Purchaser B. Friend of purchaser
C. Guarantor D. RBI
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19. If the Original Demand Draft is lost, the bank issues duplicate Demand Draft, by taking ___________ ?

A. Permission from RBI B. Indemnity bond from the purchaser of Draft
C. Rs. 50 as simply penalty D. Assurance form the purchaser of Draft on white paper
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20. Unsigned Demand Draft is presented for payment, then drawee branch should ?

A. Pay simply as it is issued by another bank B. Honor it after seeking complaint from the collecting bank.
C. Honor it as it is a negotiable instrument D. Dishonor it, since it does not have a mandate of the drawer bank to pay.
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21. RBI has extended the date of exchanging pre-2005 banknotes till ___________

A. 31st July 2014 B. 30th September 2014
C. 1st January 2015 D. 31st March 2015
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22. ECS Stands for ?

A. Electrical Clearing System B. Electronic Core System
C. Electronic Clearing Signal D. Electronic Clearing System
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23. On 2nd May 2014, India has strongly objected to Switzerland's denial of information about account details of certain Indians at ______________

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24. India and Asian Development Bank (ADB) signed an agreement for $300 million loan to improve road connectivity in which state ?

A. Chattisgarh B. Andhra Pradesh
C. Odisha D. Jharkhand
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25. The delivery channel for the banking sector in India is ?

A. Call Centre B. Kiosk
C. Internet D. All of the above
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