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This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Accounts in which shares of various companies are traded in electronic form are called: a) Demat Accounts b) Revenue Accounts c) E-Accountsd) None of these |
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Answer» Accounts in which shares of various companies are traded in electronic form are called Demat Accounts |
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| 2. |
___provides facilities to keep personal valuables like will property papers and Jewellery. |
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Answer» Bank Locker provides facilities to keep personal valuables like will property papers and Jewellery. |
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| 3. |
When a customer gives a sealed box to the bank for safe keeping, the customer became the _____, and the bank becomes the_____. a) Lesser, Lessee b) Pledger, Pledgee c) Bailor, Bailee d) Debtor, creditor |
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Answer» Correct option: (c) Bailor, Bailee |
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| 4. |
Mortgage is Security on:a) Immovable Property b) Movable Property c) Both Movable and Immovable Property d) None of these |
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Answer» Mortgage is Security on Immovable Property |
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| 5. |
If there are wrong signatures on the Bank Draft, the_____ is liable. a) Customer b) Receiving party c) Bank d) Person issuing the draft |
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Answer» If there are wrong signatures on the Bank Draft, the Bank is liable. |
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| 6. |
Banks charges ___ for the issuance of Demand. |
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Answer» Banks charges Commission for the issuance of Demand. |
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| 7. |
When a Bank returns a cheque unpaid, it is called:a) Dishonor of the Cheque b) Cheque Bounce c) Both Dishonor and Bounce of the Cheque d) None of these |
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Answer» When a Bank returns a cheque unpaid, it is called Dishonor of the Cheque |
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| 8. |
Sub Section 12AB of section 17 of RBI Act defines the term:a) Repo Rate b) Reverse Repo Rate c) SLR d) None of these |
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Answer» Sub Section 12AB of section 17 of RBI Act defines the term Reverse Repo Rate |
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| 9. |
When RBI desires to restrict expansion of credit it raises the:a) Bank Rate b) SLR c) Both SLR and Bank Rate d) None of these |
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Answer» When RBI desires to restrict expansion of credit it raises the Bank Rate |
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| 10. |
The credit risk to the bank is high from which of these cards:a) Credit Card b) Debit Card c) Both types of Cards d) None of these |
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Answer» The credit risk to the bank is high from Credit Card |
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| 11. |
Money Laundering is:a) Conversion of money which is illegally obtained b) Conversion of money which is legally obtained c) All converted money d) None of these |
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Answer» Money Laundering is Conversion of money which is illegally obtained |
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| 12. |
The reserves which can act as liquidity buffer for commercial banks during crisis times are:a) CRR and SLR b) Only CRR c) Only SLR d) None of these |
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Answer» The reserves which can act as liquidity buffer for commercial banks during crisis times are CRR and SLR |
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| 13. |
Following is not a primary function of a Bank:a) Facilitating Import of Goods b) Facilitating Cash Deals c) Providing Loans d) None of these |
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Answer» Facilitating Import of Goods is not a primary function of a Bank |
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| 14. |
Which of the following is a retail banking product?a) Home Loans b) Working capital finance c) Corporation term loans d) None of These |
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Answer» Home Loans is a retail banking product. |
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| 15. |
12th President of World Bank Group is:a) Kelvin BlayerOdwich b) ShinjoYuang c) Jim Yong Kim d) None of these |
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Answer» 12th President of World Bank Group is Jim Yong Kim |
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| 16. |
Urban Cooperative Bank is:a) Not a Commercial Bank b) Not a Non - Commercial Bank c) Listed Bank d) None of these |
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Answer» Urban Cooperative Bank is not a Commercial Bank |
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| 17. |
Loan taken for not doing a business, usually called:a) Non Commercial Loan b) Virtual Loan c) Commercial Loan d) Individual Group Loan e) None of These |
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Answer» Loan taken for not doing a business, usually called Non Commercial Loan. |
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| 18. |
Capital Market deals in: a) Long Term Funds b) Debt and Equity c) All of the Above d) None of these |
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Answer» c) All of the Above |
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| 19. |
Name the four entities which are authorised by RBI to operate as WLAs ?a) National Payment Corporation of India,VakrangeeLtd.,Tata Communications Payment Solutions and Prizm Payment Services Pvt. Ltd. b) VakrangeeLtd.,Tata Communications, Prizm Payment Solution,Reliance and c) Tata Communications,Prizm Payment Services,Muthoot Finance and Vakrangee Ltd d) Reliance, Tata Communications ,Muthoot Finance and Vakrangee ltd. e) None of these |
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Answer» Name the four entities which are authorised by RBI to operate as WLAs isTata Communications,Prizm Payment Services,Muthoot Finance and Vakrangee Ltd |
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| 20. |
In the summit of which of the following organizations/group of nations it was decided that all members should enforce budget discipline:a) OPEC b) G - 8 c) European Union d) None of These |
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Answer» In the summit of European Union organizations/group of nations it was decided that all members should enforce budget discipline. |
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| 21. |
Banks charges ___ for the issuance of Demand Draft. a) Fee b) Interest c) Commission d) Brokerage |
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Answer» Banks charges Commission for the issuance of Demand Draft. |
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| 22. |
Cooperative enterprises entered into two or more business entities, known as:a) Megers b) Amalgamation c) Joint Venture d) None of these |
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Answer» Cooperative enterprises entered into two or more business entities, known as Joint Venture |
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| 23. |
Which of the following is not required for opening a bank account:a) Identity Proof b) Domicile Certificate c) Recent Photographs d) None of These |
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Answer» Domicile Certificate is not required for opening a bank account. |
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| 24. |
Which of the following is most suitable for a menu-driven program ? A. For B. While C. Do - while D. All of the above. |
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Answer» Correct option is: C. Do - while |
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| 25. |
A Bank Guarantee is______ credit facility.a) Fund b) Non- fund c) Commission d) Non Fee based |
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Answer» A Bank Guarantee is Non- fund credit facility. |
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| 26. |
Barometer of Indian Market is:a) NIFTY b) SENSEX c) Both of Above d) None of these |
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Answer» Barometer of Indian Market is NIFTY & SENSEX. |
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| 27. |
When there is a difference between all receipts and expenditures of the Government of India both capital and revenue, it is called:a) Budgetary Deficit b) Trade Gap c) Balance of Payment Problems d) None of These |
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Answer» When there is a difference between all receipts and expenditures of the Government of India both capital and revenue, it is called Budgetary Deficit. |
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| 28. |
Neha Gupta resides at Gandhinagar, Bengaluru. She has passed S.S.LC. She writes a letter to the Head Master of her school, Swami Vivekananda Vidyalaya, Gandhinagar, Bengaluru requesting him/her to Issue her school leaving certificate (T.C). The following Is her letter.Read the letter and fill in the blanks.………………………………………………………………………….………………………….………………………..……………..Sub: Request for school transfer certificate.With reference to the above subject, I, Neha Gupta, a 10 standard student of your school during 2013-14 request you to issue my school transfer certificate in order to seek admission in S.D.V.S. College, Bengaluru. I have passed my S.S.L.C examination ¡n March 2014 and my admission number is 107/2011-12.Kindly do the needful and oblige.…………….…………………. |
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Answer» Neha Gupta Thank you, Yours faithfully |
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| 29. |
Which Indian Bank became the first to touch a market capitalization of Rs. 1,00,000 Crore in India: a) SBI b) Axis Bank c) HDFC Bank d) None of these |
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Answer» SBI Indian Bank became the first to touch a market capitalization of Rs. 1,00,000 Crore in India: |
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| 30. |
............ is what the Bank sowes. |
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Answer» Liability is what the Bank sowes. |
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| 31. |
RBI believes this boost to consumption will lead to gross value added (GVA) growth of …………… for 2016-17?A. 7.1 percentB. 7.0 per centC. 7.9 per centD. 7.6 per cent |
| Answer» Correct Answer - D | |
| 32. |
When the bank products fail to survive in the market, it is called:a) Bank Products Failure b) Bank Failure c) Market Risk d) None of these |
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Answer» When the bank products fail to survive in the market, it is called Market Risk |
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| 33. |
Who is vested with the power to exercise control over Banks in India? |
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Answer» Reserve bank of India. |
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| 34. |
Choose the correct order of SMS payment process1. The cost of the purchase is added to the monthly phone bill 2. The provider clears the transaction between the purchaser and the vendor. 3. With the SMS payment system purchasers send a text message to pay for an item or service. 4. This text message is sent to mobile payment providers.a) 4,3,2,1 b) 1,2,3,4 c) 3,4,2,1 d) 2,4,1,3 |
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Answer» Correct option: (c) 3,4,2,1 |
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| 35. |
The reserve bank of India (RBI) has released the Report of the Internal Working Group (IWG) on Rationalisation of Branch Authorisation Policy. The Group is chaired by……………?A. Bibek DebroyB. Madhukar GuptaC. NR NagendraD. Lily Vadera |
| Answer» Correct Answer - D | |
| 36. |
When the banks are not able to pay the amount to the depositors, it is called:a) Bank Insolvencyb) Liquidity Risk c) Financial Default d) None of these |
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Answer» When the banks are not able to pay the amount to the depositors, it is called Liquidity Risk |
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| 37. |
ATM stands for a) Any Time Money b) Automated Teller Machine c) Automobile Trending Machine d) None of the above |
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Answer» b) Automated Teller Machine ATM stands for Automated Teller Machine. |
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| 38. |
Oriental Bank of Commerce has taken over:a) Kotak Mahindra Bank b) Axis Bank c) Global Trust Bank d) None of these |
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Answer» Oriental Bank of Commerce has taken over Global Trust Bank |
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| 39. |
Front office is responsible to take care of following functions except a) Sign up new customers for the bank. b) Customer interaction and order booking c) Focus on risk management and policies d) Multitude of channel of interaction |
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Answer» Correct option: (c) Focus on risk management and policies |
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| 40. |
IFSC denotes what.a) Branch Location of any Bank b) Branch Code of any Bank c) District Code of any Bank d) None of these |
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Answer» IFSC denotes Branch Code of any Bank |
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| 41. |
What is the difference between hardware and software? |
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Answer» All the physical components of the computer system are said to be as Hardware. For example: keyboard, mouse, monitor, printer etc. Whereas, Software represents the set of programs that govern the operations of a computer system and make the hardware run smoothly. |
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| 42. |
In the absence of RBI branch in a particular city, which Bank acts as the clearinghouse? |
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Answer» State Bank of India. |
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| 43. |
IFSC consists of:a) 11 digits b) 14 digits c) 12 digits d) None of these |
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Answer» IFSC consists of 11 digits |
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| 44. |
Which part of the Bank is known as the revenue generator? a) Front Office b) Middle Office c) Back Office d) None of the above |
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Answer» a) Front Office Front Office of the Bank is known as the revenue generator. |
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| 45. |
In absence of RBI branch in a particular city, which Bank acts as the clearing house? a) PNB b) ICICI Bank c) SBI d) Canara Bank |
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Answer» c) SBI In absence of RBI branch in a particular city, SBI Bank acts as the clearing house. |
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| 46. |
IFSC code consist of _____ character? |
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Answer» IFSC code consist of 11 character. |
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| 47. |
Officers holding keys to the Drill door of the vault are called vault _____. a) Operator b) Custodian c) Guard d) Manager |
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Answer» Officers holding keys to the Drill door of the vault are called vault Custodian. |
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| 48. |
Officers holding keys to the Drill door of the vault are called vault _____. |
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Answer» Officers holding keys to the Drill door of the vault are called vault custodian. |
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| 49. |
IFSC code has _______ no. of characters. |
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Answer» 11 IFSC code has 11 no. of characters. |
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| 50. |
Full form of MICR is ___________. |
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Answer» Magnetic Ink Character Recognition. Full form of MICR is Magnetic Ink Character Recognition. |
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