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Banking Awareness Questions :: IBPS PO Clerks Set 13 Question And Answers

Quantitative Aptitude
Reasoning
Programming
Verbal Ability





























6. On 29th August 2011, RBI revealed its draft guidlines for licencing of new banks in the private sector. It insisted that the new private banks need Rs. __________crores capital to initiate a bank.
A. 100 B. 200
C. 400 D. 500
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7. We use PIN number in the transaction of bank ATM. PIN Means?
A. Personal Identification Numeral B. Personal Identity Number
C. Personal Identification Number D. Preferential Identification Number
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8. Which bank(s) was / were awarded Nobel Prize for doing commendable work in the field of micro-finance?
A. NABARD B. Gramin Bank of Bangladesh
C. Both 1 and 2 D. State Bank of india
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9. Which of the following has asked all the banks to form customer service panels at branch levels?
A. SEBI B. IBA
C. RBI D. FICCI
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10. The world Bank is also referred to as
A. IBRD B. IDBI
C. IDA D. IMF
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11. Which of the following is the purpose owing to which banks have created Investment Fluctuation Reserves (IFR) ? This will hep them in managing?
A. Interest Rate Risk B. CRR
C. SLR D. Foreign Currency Account
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12. Many a time we come across a term in banking sector "Retail Banking". What does it really mean ? In simple words Retail Banking is to provide Banking Services ?
A. Entirely to agricultural sector only B. Only to individual customers in an integrated manner
C. Only to Self Help Groups for their Survival D. Only to big corporate and business houses
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13. Consider the following statemetns __________________
A. Bond price and interest rate are positively related.
B. Bond price and interest rate are negatively related.
C. Credit cretion varies directly with Cash Reserve Ration (CRR)
D. Credit Creation varies inversely with cash Reserve Ratio (CRR).
Which of the statements given above is / are correct?
A. A and C B. A and D
C. B and C D. B and D
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14. If interest payment is added to primary deficit, it is equivalent to __________
A. Budget deficit B. Fiscal deficit
C. Deficit financing D. Revenue deficit
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15. The utmost advantage of plastic money is _______
A. Style B. Printing very cheap
C. Shelf life will be longer D. Occupies less space
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