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Banking Awareness MCQs, Banking Awareness

Banking Awareness For Syndicate Bank, Canara Bank & Upcoming Bank Exams

Q1. OBOPAY has announced that the company has secured a license for PPI from RBI to operate a semi-closed loop wallet in the country. What is the meaning of “I” in PPI?
(a) Initial
(b) International
(c) Installment
(d) Instrument
(e) Investment

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Q2. The Indian economy will expand by __________ in 2017-18, according to the new data of the government’s Central Statistics Office (CSO).
(a) 6.1%
(b) 6.3%
(c) 6.7%
(d) 6.9%
(e) 6.5%

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Q3. Bad loans of Public sector banks (PSBs) stood at _______________ by the end of second quarter this fiscal (2017-18), a bulk of which came from corporate defaulters, private sector banks’ NPAs were considerably low.
(a) Rs 17.24 lakh crore
(b) Rs 14.12 lakh crore
(c) Rs 10.48 lakh crore
(d) Rs 7.34 lakh crore
(e) Rs 32.60 lakh crore

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Q4. Which Bank has approved raising Rs 8,000 crore through various sources, including masala bonds, to meet Basel III capital norms recently?
(a) State Bank of India
(b) ICICI Bank
(c) Punjab National Bank
(d) HDFC Bank
(e) Bank of Baroda

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Q5. Public sector IDBI Bank has received the capital infusion of _____________ from the government of India.
(a) Rs 5,262 crore
(b) Rs. 2,257 crore
(c) Rs 2,729 crore
(d) Rs 3,213 crore
(e) Rs 1,372 crore

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Q6. The Department of Posts, trading as India Post, is a government-operated postal system in India. The Department of Posts comes under-
(a) Ministry of Commerce and Industry
(b) Ministry of Finance Department of Revenue
(c) Ministry of Finance & the Public Service
(d) Ministry of Communications and Information Technology
(e) Ministry of Home Affairs

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Q7. Who is present Secretary, Department of Posts & Chairperson of Postal Services Board?
(a) Meera Handa
(b) Ananta Narayan Nanda
(c) Usha Chandra Sekhar
(d) Achla Bhatnagar
(e) Udai Krishna

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Q8. Name the scheme, which are designed to provide financial security to general people with guaranteed return on investment by department of posts.
(a) Government schemes
(b) Post office schemes
(c) Revenue saving scheme
(d) Financial security scheme
(e) Poor Financial Help scheme

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Q9. Most of working population of India is engaged in:
(a) Public sector
(b) Primary sector
(c) Secondary sector
(d) Tertiary sector
(e) None of the given options is true

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Q10. Mastricht treaty is related to
(a) Environment protection
(b) European unification
(c) WTO
(d) Atomic power limitation
(e) None of the given options is true

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Q11. RD Account stands for-
(a) Resident Deposit Account
(b) Recurring Deposit Account
(c) Regional Deposit Account
(d) Regular Deposit Account
(e) Repayment Deposit Account

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Q12. What is the silent features of 5-Year Post Office RD Account?
(a) Account can be opened by cash / Cheque and in case of Cheque the date of deposit shall be date of presentation of Cheque.
(b) Nomination facility is available at the time of opening and also after opening of account.
(c) Account can be transferred from one post office to another.
(d) Account can be opened in the name of minor and a minor of 10 years and above age can open and operate the account.
(e) All of the given options are the silent features of 5-Year Post Office RD Account.

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Q13. How much amounts may be paid to the beneficiary in cash of International Money Transfer process in the Post Office Saving schemes?
(a) INR. 50,000/-
(b) INR. 10,000/-
(c) INR. 25,000/-
(d) INR. 75,000/-
(e) INR. 1,00,000/-

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Q14. What is the meaning of “APY” in Banking industry?
(a) Atal Pension Yojana
(b) Aahaar Pension Yojana
(c) Adarsh Pension Yojana
(d) Atal Public Yojana
(e) Atal Provident Yojana

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Q15. What is the meaning of “B” in PMJJBY?
(a) Band
(b) Bill
(c) Balance
(d) Bank
(e) Bima

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