Bank-PO General-Awareness: Questions 571 - 575 of 1311

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Question number: 571

» Banking and Finance

MCQ▾

Question

The power of banks to create credit depends on ________

Choices

Choice (4) Response
a.

the reserves with the bank

b.

safe ratio only

c.

amount of cash with them and the safe ratio

d.

amount of cash with them only

Question number: 572

» Current Affairs » Major Financial and Economic News

Appeared in Year: 2015

MCQ▾

Question

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

Choices

Choice (4) Response
a.

55 Years

b.

65 Years

c.

70 Years

d.

60 Years

Question number: 573

» Banking and Finance

MCQ▾

Question

Which of the following statements is/are TRUE?

Choices

Choice (4) Response
a.

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

b.

All of the above

c.

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

d.

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

Question number: 574

» Banking and Finance

MCQ▾

Question

________ 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.

Group fund

b.

Collective fund

c.

Umbrella Fund

d. Question does not provide sufficient data or is vague

Question number: 575

» Banking and Finance

Appeared in Year: 2014

MCQ▾

Question

What are the roles of a Business Correspondent?

Choices

Choice (4) Response
a.

They help villagers to open bank accounts.

b.

They help villagers in banking transactions.

c.

The Business Correspondent carries a mobile device.

d. All a. , b. and c. are correct

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