Banking Awareness Questions :: IBPS PO Clerks Set 17 Question And Answers

Quantitative Aptitude
Verbal Ability

6. The system of Note Issue followed by Reserve Bank of India is?

A. Proportaional Reserve System B. Minimum Reserve System
C. Minimum Fiduciary System D. Maximum Fiduciary System
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7. Which of the following schemes was launched during 2010-11 by the Govt of India with an initial fund of Rs 100 Crores?

A. Mahila Kisan Sashaktikaran Pariyojana B. Bachward Region Grand Fund
C. Scheme for Women and Child Developmetn D. Sabke Liye Swasthya Yojana
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8. Payment of a lost Demand Draft is made to the ________________

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

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

A. Dishonor it, since it does not have a mandate of the drawer bank to pay. B. Honor it as it is a negotiable instrument
C. Honor it after seeking complaint from the collecting bank. D. Pay simply as it is issued by another bank
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11. Shivani deposited Rs. 10000 in Union Bank of India and got Demand Draft. He wants to cancel the Demand Draft. Then ?

A. Once Demand Draft issued, it cannot be cancelled B. Demand Draft can be cancelled by Union Bank of India. However the cancellation charges may be there.
C. He can approach any public sector bank to cancel the Demand Draft, as Union Bnak of India is also a Public Sector Bank. D. Only after 90 days the Demand Draft can be cancelled, as the Demand Drafts cannot be cancelled during the valid date period.
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12. Cash credit is one of the forms of __________

A. Recurring credit to NRI B. Withdrawal facility in minor account
C. Loan D. Credit deposit slip
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13. National Housing Bank Act was passed by Indian Parliament in __________

A. 1991 B. 1987
C. 2001 D. 2000
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14. National Housing Bank was set up on 9th July of which year ?

A. 2000 B. 1988
C. 2014 D. 2005
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15. Who headed the High Level Group to examine the proposal and recommended the setting up of National Housing Bank (NHB) ?

A. Dr. C. Rangarajan B. K. C. Charavarthy
C. Narasimham D. Wanchoo
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