Banking Awareness Questions :: IBPS PO & Clerks Set 5 Question And Answers

Quantitative Aptitude
Verbal Ability

16. Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed?

A. Ponzi schemes B. Money tampering finance
C. Money Laundering Schemes D. Micro Finance System
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17. The following statements are related to Micro Finance System. Locate the wrong option?

A. It provides micro credit having scope for small savings and remittance of funds B. It based on the principle of livelihood creation
C. The livelihood mission means engaging in activities in a routine fashion to generate cash or non-cash income D. None
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18. Who introduced the concept of Micro Finance in Bangladesh in the form of the "Grameen Bank"? He is the Nobel laureate known by many as the "father of micro finance systems".

A. C. D. Deshmukh B. Muhammad Yunus
C. Sheik Haseena D. Muzibaer Rehman
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19. The beneficiaries of Micro finance business are ___________

A. Land Less labour B. Hawkers
C. Vendors in the small markets D. All the above
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20. The Micro Finance Institutions (MFI) differ from one another in terms of

A. Product offering B. Legal structure
C. Loan repayment Structure D. All of these
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21. Boutique Financing is the scheme launched by which bank for women boutique owners on 15th April 2014 ?

A. Corporation Bank B. State Bank of India
C. Indian Bank D. ICICI
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22. On 7th February 2014, RBI suggested use of PKI in payment system applications. PKI, which is a set of hardware and software that enables users of internet to securely and privately exchange data and money by using a pair of public and private cryptographic passwords, stands for ?

A. Public Key Initiative B. Public Key Infrastructure
C. Public Key Interference D. Public Key Introduction
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23. What is meant by Public Sector Bank ?

A. The bank run by the government having the Directors elected by the public B. Banks should not sell the shared to public
C. Government of India or RBI or both have the least shares of 51% in that bank D. More people visit these banks
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24. Licensing Authority of Banks rest with _____________

A. SEBI (Securities Exchange Board of India) B. RBI (Reserve Bank of India)
C. EXIM Bank (Export and Import Bank of India) D. RRB (Regional Rural Bank)
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25. The Other names of Reserve Bank of India are

A. Central Bank B. Apex Bank
C. Lender of the last Resort D. All of the above
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