Banking Awareness Questions :: IBPS PO Clerks Set 24 Question And Answers

Quantitative Aptitude
Verbal Ability

11. In which of the following types of banking, the banks offer all types of financial services to expand their business ?

A. Social banking B. Wholesale banking
C. Universal banking D. Retail banking
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12. Which of the following functions are not being performed by the Reserve Bank of India ?

A. Foreign currency management in India B. Control and supervision of money supply
C. Regulation of foreign direct investment in India D. Regulation of banks in India
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13. "India's International Bank" is the tagline of which of the following banks ?

A. State Bank of India B. Bank of Baroda
C. Punjab National Bank D. Andhra Bank
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14. ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with __________

A. Capital Market B. Loans
C. Ponzi Schemes D. World Bank Grants
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15. RBI has capped the Ways and Means Advances (WMA) limit for the central government for the first half of the new financial year 2015 at ?

A. Rs. 25,000 cr B. Rs. 35,000 cr
C. Rs. 20,000 cr D. Rs. 45,000 cr
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16. The Govt. of India has authorized the Reserve Bank of India (RBI) to issue debt instruments up to a ceiling of ____________ under the Market Stabilization Scheme (MSS) for the fiscal 2014-15?

A. Rs. 20,000 Cr B. Rs. 30,000 Cr
C. Rs. 30,000 Cr D. Rs. 50,000 Cr
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17. Over a decade after the state-run banks launched Kisan Credit Cards, which of the following private sector lenders introduced its own card "KIsan Card" through which a farmer can withdraw up to Rs. 1 lakh per day from Automated Teller Machines (ATMs) ?

A. HDFC B. Indusland Bank
C. Axix Bank D. Federal Bank
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18. Usually RBI will have 4 deputy governors. By 1st may there were only 3 Deputy Governors. They are H. R. Khan, Urjit Patel and ____________ ?

A. R. Gandhi B. Aravind Mayaram
C. Usha Thorat D. Syamala Gopinath
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19. We often hear about the term KYC in financial news papers. Which of the following documents will be accepted by banks as proof of your correct residential address ?

A. Telephone bill B. Letter from any recognized public authority
C. Bank account statement D. Letter from employer (subject to satisfaction of the bank)
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20. Reserve Bank of India (RBI) sold SDRs to the International Monetary Fund (IMF) for ferim payment to the government. SDR stands for ?

A. Special Drawing Rights B. Systematic Drawing Rights
C. Sovereign Drawing Rights D. Structural Drawing Rights
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