Banking Awareness Questions :: IBPS PO Clerks Set 10 Question And Answers

Quantitative Aptitude
Verbal Ability

11. The National Stock Exchange is located in ____________

A. New Delhi B. Mumbai
C. Kolkata D. Chennai
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12. The market in which long term securities such as stocks and bonds are bought and sold is commonly known as _________

A. Commodities Exchange B. Capital Market
C. Bull Market D. Bullion Market
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13. Inflation occurs when aggregate supply is

A. More than aggregate demand B. Less than aggregate demand
C. Equal to aggregate demand D. All of these
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14. One of the sources of income of banks is to charge fee for certain services. What are some of the services provided by the banks for which they charge fee?
A. Issue of Demand Drafts / Pay Orders
B. Issue of ATM / Credit / Debit Cards
C. Electronic Transfer of Money

A. Only A B. Only B
C. Only C D. All A, B and C
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15. Normally, the following types of customers require higher due diligence under KYC norms, except

A. Politically exposed persons (PEPs) of foreign origin B. non-resident customers
C. farmers with land holding over 10 acres D. high net worth individuals
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16. PIN means?

A. Personal Identification Number B. Pure Identification Number
C. Professional Identification Number D. Personal Identification Numeral
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17. Usually, every ATM card will have CVV number. What is meant by CVV?

A. Core Verification Value B. Card Verification Value
C. Circular Verification Value D. Cash Verification Value
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18. Diebold is a famous ATM manufacturing company. This company is located in ?

A. Australia B. UK
C. USA D. Japan
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19. Which Indian Bank has largest number of ATMs in India ?

C. Bank of Baroda D. ICICI
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20. If the ATM hardware as well as lease is under the ownership of the service provider, while connectivity and cash handling and management is the responsibility of the sponsor bank, that ATM is called ?

A. Orange ATM B. Brown ATM
C. Blue ATM D. Black ATM
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