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- 11. When prices rise moderately and the annual inflation is a single digit, then that type of inflation is called ?
A.Trotting Inflation
B.Push inflation
C.Pull inflation
D.None of these
Answer & Explanation
Answer: Option A 
Trotting Inflation
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- 12. Which of the folllwing bank doesn't fall under the category of Commercial Bank ?
A.Personal Bank
B.Commodity Bank
C.Nationalized Bank
D.Co-Operative Bank
Answer & Explanation
Answer: Option B
Commodity Bank
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- 13. Which of the following statement is TRUE ?
A.Banks cannot accept demand and time deposits from public.
B.Banks can accept only demand deposits from public
C.Banks can accept only time deposits from public
D.Banks can accept both demand and time deposits from public
Answer & Explanation
Answer: Option D
Banks can accept both demand and time deposits from public
View Answer
- 14. Cheque which is crossed can be encashed only ___________
A.Through SBI
B.Through the Payee Bank
C.Through any Bank
D.Through Draft
Answer & Explanation
Answer: Option B
Through the Payee Bank
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- 15. Minimum cash reserves fixed by law constitutes
A.A percentage of aggregate deposits of the bank
B.A percentage of aggregate loans advances of the bank
C.A percentage of capital and reserves of the bank
D.A percentage of the reserve capital
Answer & Explanation
Answer: Option B
A percentage of aggregate loans advances of the bank
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To whom this IBPS PO & Clerks Quiz Set 2 Questions and Answers section is beneficial?
Students can learn and improve on their skillset for using Verbal Ability effectively and can also prepare for competitive examinations like...
- All I.B.P.S and Public Sector Bank Competitive Exam
- Common Aptitude Test (CAT) Exams
- UPSC Paper-II or CSAT Exams
- SSC Competitive Exams
- Defence Competitive Exams
- L.I.C / G.I.C AO and Clerk Competitive Exams
- Railway Competitive Exam
- University Grants Commission (UGC)
- Career Aptitude Test (IT Companies) and etc.