Banking and Finance [Bank-PO (NRA) General-Awareness]: Questions 532 - 536 of 625

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Question 532

Question MCQ▾

________ is the risk of loss arising from a borrower who does not make payments as promised.

Choices

Choice (4)Response

a.

Credit risk

b.

Market risk

c.

Payment risk

d.

Operational risk

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Question 533

Question MCQ▾

Bank of Bengal, Bank of Bombay, Bank of Madras were also known as –

Choices

Choice (4)Response

a.

Presidency Banks

b.

Traders Bank

c.

All of these

d.

Imperial Banks

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Question 534

Question MCQ▾

A bank branch receives a counterfeit note of ₹ 100 from a customer, which customer wants it back. Which of the following action should be taken by the bank?

Choices

Choice (4)Response

a.

It will return to customer.

b.

It will ask for exchange of note

c.

It will replace with the genuine note

d.

It will impound and not return

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Question 535

Question MCQ▾

AMFI stands for ________.

Choices

Choice (4)Response

a.

Association of Mutual Funds of Investor.

b.

Association of Mutual Funds of India.

c.

Association of Monetary Fund՚s of India.

d.

Question does not provide sufficient data or is vague

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Question 536

Question MCQ▾

What do you understand by “Para Banking” service?

Choices

Choice (4)Response

a.

Services provided through business correspondent.

b.

Services provided to armed force personal

c.

Eligible financial services rendered by bank.

d.

Utility services provided by bank.

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