Banking Awareness Questions :: IBPS PO & Clerks Set 2 Question And Answers

Quantitative Aptitude
Verbal Ability

16. 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. Only after 90 days the Demand Draft can be cancelled, as the Demand Drafts cannot be cancelled during the valid date period.
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. Demand Draft can be cancelled by Union Bank of India. However the cancellation charges may be there.
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17. Cash credit is one of the forms of ___________

A. Recurring credit to NRI B. Cash Deposit slip in bank branch
C. Loan D. Withdrawal facility in minor account
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18. One of the highlights of the cash credit is ?

A. Very useful for industrial concerns B. Renewable loan, if there is no default in the payment of interest
C. Flexible schedule of payments is attractive in this loan D. All of the above
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19. Bharath has an account in Punjab National Bank. He issued a cheque of Rs. 1000 to Raghu. Who is the drawee in the above case ?

A. Bharath B. Bharath and Raghu
C. Raghu D. Punjab National Bank
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20. 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. Satish can cancel the crossing to get cash
C. Can go to bank counter and get money directly D. Can ask the bank to change crossed cheque in to bearer cheque to get cash
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21. Which of the following functions is NOT performed by the Reserve Bank of India ?

A. Regulation of banks in India B. Foreign Currency management in India
C. Regulation of foreign direct investment in India D. Control and supervision of money supply
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22. __________ High Court in India on 2nd April 2014 restored the power of the Reserve Bank of India to decide the period after which the bad loan can be called as a Non-Performing Asset (NPA) ?

A. AP B. Gujarat
C. Assam D. Tamil Nadu
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23. On 25th March 2014, which Public Sector Bank became the first bank in India to launch Instant Money Transfer (IMT) scheme in Mumbai ?

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24. RBI issued uniform accounting standards for ARCs with regard to acquiring non-performing loans, recognizing revenue and management fees to ensure common treatment for firms. ARC stands for ?

A. Asset Roll Companies B. Area Reconstruction Companies
C. Asset Reconstruction Co-ordinates D. Asset Reconstruction Companies
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25. Qatar based Doha Bank declared to open its first branch in which of the following Indian cities ?

A. Hyderabad B. Mumbai
C. Kolkata D. Pune
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