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

Quantitative Aptitude
Verbal Ability

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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21. Loan taken by the person, not telling the purpose of taking loan is called ?

A. Impersonal Loan B. Hidden Loan
C. Personal Loan D. Concealed Loan
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22. POS is the acronym used in banking. It means ?

A. Point of Sales Terminal B. Pointed Open Sales
C. Pending Off Sales D. Personal Omission Script
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23. NIM Stands for?

A. Not Interest Margin B. Net Interest Margin
C. Net Interest Module D. Net Interest Minimum
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24. Ways and Means is the load of Advances provided by the RBI to ?

A. Central Government B. State Government
C. NABARD D. Banks
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25. Which bank opened Customer Service Point (CSP) to extend financial inclusion targeting urban poor ?

A. Union Bank of India B. ICICI
C. SBI D. Syndicate Bank
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