Bank-PO (NRA) General-Awareness: Questions 572 - 576 of 1313

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Question 572

Question

MCQ▾

The power of banks to create credit depends on ________

Choices

Choice (4)Response

a.

amount of cash with them only

b.

amount of cash with them and the safe ratio

c.

the reserves with the bank

d.

safe ratio only

Question 573

Appeared in Year: 2015

Question

MCQ▾

EPFO trustees have Okayed raising age limit under pension scheme to ________years. (Mar.)

Choices

Choice (4)Response

a.

55 Years

b.

70 Years

c.

60 Years

d.

65 Years

Question 574

Question

MCQ▾

Which of the following statements is/are TRUE?

Choices

Choice (4)Response

a.

Savings Bank account can be opened with a minimum initial deposit that varies from bank to bank.

b.

There are restriction on number of withdrawals from savings bank account.

c.

Current Deposit Accounts are held by big businessmen, companies and institutions.

d.

All a., b. and c. are correct

Question 575

Question

MCQ▾

________ is a collective investment scheme that exists as a single legal entity but has several distinct sub-funds which, in effect, are traded as individual investment funds.

Choices

Choice (4)Response

a.

Collective fund

b.

Umbrella Fund

c.

Group fund

d.

All of the above

Question 576

Appeared in Year: 2014

Question

MCQ▾

What are the roles of a Business Correspondent?

Choices

Choice (4)Response

a.

They help villagers in banking transactions.

b.

They help villagers to open bank accounts.

c.

Business correspondents are bank representatives.

AND

The Business Correspondent carries a mobile device.

d.

All c., b. and a. are correct

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