Yak Banking Awareness Mcqs For Ibps Po 7 Together With Clerks 7 - Ready 123

1. First depository fiscal establishment started inwards Bharat amongst only Indian upper-case missive of the alphabet investment is :
1. Bank of Baroda
2. Punjab National Bank
3. Punjab & Sind Bank
4. Central Bank of Bharat
5. Canara Bank
2. The banker acts every bit a Bailee together with the client every bit Bailor, this human relationship is applicable :
1. when a depository fiscal establishment lends funds to a corporate client
2. when a depository fiscal establishment accepts US$ FCNR deposits cast a NRI client
3. when a client operates a rubber deposit locker
4. when a client keeps articles inwards rubber custody amongst a depository fiscal establishment
5. None of the above
3. Which of the next is non a fiscal intermediary ?
1. Banks
2. Financial institutions
3. Mutual funds
4. Non-bank finance companies
5. Companies engaged inwards manufacturing of good
4. A customers lost the Fixed Deposit Receipt issued past times the bank. To obtain a duplicate FD he needs to provide :
1. A Promissory regime notation
2. A collateral safety
3. A Letter of Credit
4. An Indemnity bond
5. Counter guarantee past times the customer
5. Reserve Bank of India's functions are classified into :
1. Supervisory & Regulatory
2. Promotional & Developmental
3. Refinance Activities
4. 1 & two only
5. 1, two & 3
6. The orbit of activities undertaken past times the line of piece of job organisation correspondents volition non include :
1. Disbursal of little value credit
2. Recovery of principal / collection of involvement
3. Collection of little value deposits
4. Payment of coin on demand drafts non exceeding Rs. 1,000
5. None of the above
7. In strategic Alliance, the alliance partners :
1. Merge amongst each other 
2. One partner acquires the other
3. Remain carve upward entities
4. Amalgamate amongst i roughly other
5. None of the above
8. A fellowship which pools coin from investors together with invests inwards stocks, bonds, shares is called :
1. A depository fiscal establishment
2. An insurance fellowship
3. Bank assurance
4. Mutual Fund
5. None of the above
9. Mr. X who is an Ordinary SB line of piece of job organisation human relationship holder of a branch wants to nominate Mr. Y, an U.S. national, who is his friend. Is that allowed ?
1. Yes it is freely permitted
2. Yes it is freely permitted, but at the fourth dimension of short town of claim together with repatriation to the nominee, branch has to convey RBI permission
3. Yes it is freely permitted, plain of report to Regional business office approving
4. Yes it is freely permitted, plain of report to CO approving
5. No it cannot hold upward allowed
10. In a cheque, the discussion "Order" is changed to "bearer" past times the holder of the cheque. This is called every bit :
1. Endorsement
2. Material alteration
3. Crossing
4. Special Crossing
5. Allonge
11. If a client dies without leaving a volition together with the courtroom appoints a individual to grip the customer's Property. Such a individual is called every bit :
1. An administrator
2. An executor
3. A liquidator
4. A successor
5. An Authorised Officer
12. Garnishee social club is issued past times :
1. Judgment Debtor
2. Judgment Creditor
3. Reserve Bank of Bharat
4. The Court
5. Income Tax Department
13. One of the NRI customers wants to house FCNR deposits inwards Canadian $ amongst a bank. Can the line of piece of job organisation human relationship hold upward opened inwards Canadian Dollars ?
1. Yes, his asking tin move hold upward accept-ed together with opened upward a FCNR a/c
2. No, Bank tin move non arrive at got his asking to opened upward FCNR a/c inwards Canadian $
3. Will inform the client to house FCNR inwards whatsoever i of the currencies (US$/ GBP/ JPY/ EUR)
4. Can opened upward after seeking permission from Head Office
5. Can opened upward after obtaining clearance from RBI
14. Which of the next is the the First Paper Currency Note issued past times the RBI bearing the portrait of King George VI ?
1. Two Rupee Note
2. Five Rupee Note
3. Ten Rupee Note
4. Twenty Rupee Note
5. Fifty Rupee Note
15. Which of the next is the system for science evolution of minorities ?
1. Padho aur kamao
2. Seekho aur kamao
3. Kamao aur jiyo
4. Padho aur Seekho
5. None of the above
16. Capital adequacy is worked out based on :
1. Total demand together with fourth dimension liabilities
2. Net demand together with fourth dimension assets
3. Risk weighted assets
4. Risk weighted liabilities
5. None of the above
17. A Co-Operative Bank operating inwards dissimilar States are regulated past times : 
1. State Co-Operative Societies Act
2. Banking Regulation Act
3. Multi Unit Co-Operative Societies Act
4. Banking Laws (applicable to Co-Operative Societies)
5. RBI Act 1934
18.  If a check is accidentally torn past times the drawer, the check ____________
1. Can't hold upward paid
2. Can hold upward paid, if the holder con-firms the mutilation
3. Can hold upward paid, if the drawer con-firms the mutilation together with if otherwise inwards social club
4. Can't hold upward paid, fifty-fifty if the drawer confirms the mutilation together with otherwise inwards social club
5. None of the above 
19. Tele banking is non based on :
1. Virtual banking,
2. Voice processing,
3. Online banking
4. 1 & iii
5. None of the above
20. Cash payment of Term deposits is possible, if the sum doesn't move on Rs.:
1. 20,000
2. 25,000
3. 30,000
4. 40,000
5. 50,000
21. Balance inwards a electrical current line of piece of job organisation human relationship is classified every bit :
1. Hybrid deposit
2. Term deposit
3. Demand deposit
4. Flexi deposit
5. None of the above
22. The charge per unit of measurement at which domestic currency tin move hold upward converted inwards to unusual currency together with vice-versa is known as:
1. LIBOR
2. Base Rate
3. Repo Rate
4. Exchange Rate
5. Inter Bank Call Money Rate 
23. Hypothecation is applicable inwards the instance of  ___________________
1. Movable goods
2. Immovable belongings
3. Loan against Insurance Policies
4. Corporate guarantee
5. Gold Loan
24. The minimum percent of Priority Sector advances to hold upward maintained past times unusual banks inwards Bharat amongst less than xx branches is ________________
1. 40%
2. 18%
3. 32%
4. 50%
5. 60 %
25. One of the State Government avails of a temporary fiscal assistance from Reserve Bank of India. This type of finance is called :
1. Overdraft
2. Temporary loan
3. Short term finance
4. Ways together with Means advance
5. Repo
26. Which i of the next is known every bit 'Demat' line of piece of job organisation human relationship ?
1. Account inwards which shares are held inwards electronic cast
2. Other than those given every bit options
3. Account allowed to hold upward operated past times guardian of shaver
4. Account operated past times line of piece of job organisation correspondents inwards rural
5. None of the above
27. External commercial borrowings are governed nether :
1. Foreign Exchange Regulation Act
2. Securitisation together with Reconstruction of Financial assets together with enforcement of safety inter-est Act
3. Debt Recovery Tribunal Act
4. Foreign telephone commutation administration Act
5. None of the above
28. Maximum Bank Rate that tin move hold upward declared past times the Reserve Bank of Bharat is :
1. 6%
2. 20% 
3. 25%
4. 1% over MCLR
5. No such ceiling
29. Obligation of a Banker to maintain secrecy is applicable to :
1. Only inwards instance of existing deposit accounts
2. Only inwards abide by existing loan accounts
3. Only inwards instance of shut accounts
4. All types of deposit/loan accounts (existing/closed)
5. No postulate of maintaining secrecy to demo transparency inwards banking transactions
30. A mortgage involves :
1. Transfer of ownership
2. Transfer of involvement inwards Immovable belongings
3. Transfer of possession
4. 1 & 3
5. None of the above
31. Bank H5N1 allows i of its clients to withdraw against clearing of a cheque. The banker is called every bit :
1. Collecting Banker
2. Holder inwards due course of report
3. Holder for value
4. Reimbursement banker
5. Paying Banker
32. As per the provisions of NI Act,1881 a banker gets protection for payment of a check only if it is a :
1. Holder inwards due course of report
2. Payment inwards due course of report
3. Holder for value
4. Not Negotiable Instrument
5. All of the above
33. SARFAESI Act 2002 is applicable to :
1. All states excluding Jammu together with Kashmir
2. All states including Jammu together with Kashmir
3. All Banks including Foreign Banks together with RRBs
4. Only Union Terrirories
5. 2 & 3
34. Management of a Bank vests amongst :
1. Reserve Bank of Indian
2. Asset Liability Committee (ALCO)
3. Board of Directors
4. Share Holders
5. 1 & 4
35. Raj Sekhar, gives a written halt payment instructions of a check Rs. 50/- to his banker. This should hold upward treated past times the depository fiscal establishment every bit :
1. A asking from Sekhar
2. An intimation from Sekhar
3. An advice from Sekhar
4. A mandate from Sekhar
5. None of the higher upward every bit the halt payment is for a little amount
36. Banks tin move grant loans against :
1. LIC Policy
2. CDs
3. FD issues other depository fiscal establishment
4. Mutual fund
5. All the above

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