Banking Awareness Questions :: IBPS PO & Clerks Set 3 Question And Answers

Quantitative Aptitude
Verbal Ability

11. Which of the following committes recommended the revival of Cooperative Credit Institutions in states?

A. Vaidyanadhan Committee B. Rangarajan Committee
C. Sachhar Committee D. Rakesh Mohan COmmittee
View Answer Discuss in Forum

12. The Small Industries Development Bank of India (SIDBI) has been operating under SWS. What is the full form of SWS?

A. Small Welfare Scheme B. Single Window Scheme
C. Small WIndow Service D. Single Window Service
View Answer Discuss in Forum

13. Which of the following is NOT viewed as national debt?

A. Life Insurance Policies B. Long-term Govt Bonds
C. National Savings Certificates D. Provident Fund
View Answer Discuss in Forum

14. Schedule Bank" means a bank

A. Incorporated under the Companies Act, 1956 B. Authorized to transact Govt business
C. GOverned by the Bankig Regulation Act, 1949 D. Included in the Second Schedule to the Reserve Bank of India Act, 1934
View Answer Discuss in Forum

15. How many types of primary agricultural credit societies are there in our country?

A. Large-size societies which include rural banks, agricultural banks and credit unions B. Service co-operative
C. Other small-size societies D. All of these
View Answer Discuss in Forum

16. 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. He need not worry because mobile alerts need not resemble the accurate balance in account. His balance stands at Rs. 15,000/- B. Narasimhan is eligible to withdraw Rs. 10000 only.
C. Bank asks Naraimhan to deposit Rs. 4000 again D. Mobile alert resembles the balance and his present balance is Rs. 11,000/- only
View Answer Discuss in Forum

17. Ananth received PIN (Personal Identification Number) for his debit card by registered post. Then _________

A. PIN is not confidential so he can share this anywhere B. He should inform this number to the Bank Manager
C. He should not share this number with anybody D. He can share this number with anybody
View Answer Discuss in Forum

18. 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
View Answer Discuss in Forum

19. The wrong statement relating to Mutual Funds (MF) is ?

A. It collects the savings of a large number of investors for investment purposes B. Additions from the investment process shared among the investors
C. MF invest in capital markets like stocks and other securities D. None
View Answer Discuss in Forum

20. The reason to say Mutual Funds (MF) safer than share trading because ?

A. Professionally Managed B. Diversified Portfolio
C. Transparent Dealings D. All of the above
View Answer Discuss in Forum

Related Topics

IBPS PO Clerks Set 12
IBPS PO & Clerks Set 4
IBPS PO Clerks Set 11
IBPS PO Clerks Set 23
IBPS PO & Clerks Set 6
IBPS PO Clerks Set 17

Who are all can get the advantages from this IBPS PO & Clerks Set 3 Question and Answers section?

Those are all planning for any competitive examinations can use this segment to enhance their abilities.