Banking Awareness Questions :: IBPS PO Clerks Set 18 Question And Answers

Quantitative Aptitude
Verbal Ability

6. The bank rate means _______________

A. Rate of Interest charged by commercial banks form borrowers B. Rate of Interest at which commercial banks discounted bills fo their borrowers
C. Rate of Interest allowed by commercial banks on their deposits D. Rate at which RBI purchases or re-discounts bills of exchange of commercial banks
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7. Amar has an account in State Bank of India. He issued a crossed cheque to Satish. Then sathish __________

A. Should deposit cheque in his bank account. B. Can go to bank counter and get money directly
C. Can ask the bank to change crossed cheque in to bearer cheque to get cash D. Satish can cancel the crossing to get cash
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8. Narasimhan deposited Rs. 10000/- in his savings account and got counterfoil. In his pass book, the deposit entry made and his present balance is Rs. 15,000/-. Later he got mobile alert that he deposited Rs. 1000/- only. Then _________

A. Narasimhan is eligible to withdraw Rs. 10000 only. B. Mobile alert resembles the balance and his present balance is Rs. 11,000/- only
C. Bank asks Naraimhan to deposit Rs. 4000 again D. He need not worry because mobile alerts need not resemble the accurate balance in account. His balance stands at Rs. 15,000/-
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9. Ananth received PIN (Personal Identification Number) for his debit card by registered post. Then ____________

A. He should not share this number with anybody B. He can share this number with anybody
C. PIN is not confidential so he can share this anywhere D. He should share this number in his Facebook account
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10. If the point of sales terminals are non complaint of the fraud card transaction, issuing bank should pay the disputed amount to the customer within __________ working days.

A. 10 B. 20
C. 30 D. 7
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11. The wrong statement relating to Mutual Funds (MF) is ?

A. It collects the savings of a large number of investors for investment purposes B. MF invest in capital markets like stocks and other securities
C. Profit generation and investment process shared among the investors is a continuous process, as MF business is profitable both to investor and fund manager D. None
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12. The reason to say Mutual Funds (MF) safer than share trading because ?

A. Professionally Managed B. Tax Saving Option
C. Diversified Portfolio D. All of the above
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13. Who regulates the Mutual Funds ?

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14. Unit Trust of India was the first mutual fund set up in India in the year ?

A. 1963 B. 1971
C. 1981 D. 1991
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15. A mutual fund is set up in the form of a trust, which has sponsor, trustees, AMC and custodian. AMC means ?

A. Asset Management Company B. Asset Money Company
C. Assign Management Company D. Assignment Management Company
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