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

Quantitative Aptitude
Reasoning
Programming
Verbal Ability





























6. The most liquid of all assets is?
A. Currency B. Wealth
C. monetize D. Money
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7. If reserve Bank of India raises the Cash Reserve Ration then?
A. The value of money multiplier decreases B. The value of money decreases
C. The value of money  D. The value of multiplier decreases
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8. Other things being equal, an increase in the supply of money?
A. Lowers nominal interest rate and raises aggregative demand B. Lowers nominal interest rate and raises aggregate demand
C. Lowers nominal interest rate D. raises aggregate demand
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9. The function of World Bank (IBRD) is?
A. ​Promote growth of International trade and equipoise B. Advance growth of International trade and equilibrium
C. Promote growth of International trade and equilibrium D. Promote growth of external trade and equilibrium
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10. The supply of money consists of?
A. Notes, Coins and Demand Deposits B. Gold, Coins and Demand Deposits
C. Notes, Gold and Demand Deposits D. Notes, Coins and Gold Deposits
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11. As we know, a lot of new companies are being used in the field of banking these days. Which of the following is NOT one such concept / product directly associated with banks?
A. F-Payment B. SMS Alert
C. ATM / Debit Card D. Demat Account
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12. The Reserve Bank of India (RBI) Acts as a banker's bank. This would imply which of the following ?
A) Other Banks maintain their deposits with the RBI
B) RBI lends funds to the commercial banks in times of need
C) RBI Advises the commercial banks on monetary matters
A. B and C B. A and B
C. A and C D. A, B and C
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13. The type of note issue system followed in India is ___________
A. Proportiaonal Fiduciary System B. Fixed Fiduciary System
C. Minimum Fiduciary System D. Minimum Reserve System
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14. Consider the following statements and state which of them is / are true?
A. Loan and advances are both granted by banks to customer for a long period of time B. Banks keep our jewellery and important documents safe with them
C. Through overdraft, a customer can withdraw more money than the amount in his / her bank account D. Discounting of bills is done by banks free of cost
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15. World Bank headquarters is in ____________
A. USA B. Austria
C. Canada D. Egypt
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