Banking and Finance (Bank-PO General-Awareness): Questions 110 - 115 of 620

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Question number: 110

» Banking and Finance

MCQ▾

Question

What is the essential information that the remitting customer would have to furnish to a bank for the remittance to be effected?

Choices

Choice (4) Response

a.

The IFSC code of the receiving branch

b.

His account number which is to be debited

c.

Amount to be remitted

d.

All of the above

Question number: 111

» Banking and Finance

MCQ▾

Question

Asset Liability Mismatch or ALM is considered to be a comprehensive and dynamic framework for measurement, monitoring and managing the ________ of the banks.

Choices

Choice (4) Response

a.

Market risk

b.

Commodity risk

c.

Efficiency

d.

None of the above

Question number: 112

» Banking and Finance

MCQ▾

Question

Which of these forms the basic principles of Islamic Banking?

Choices

Choice (4) Response

a.

Lending and prohibition of interest

b.

Profit/loss sharing and prohibition of interest

c.

Profit/loss sharing and interest payment

d.

Profit/loss sharing and penalty

Question number: 113

» Banking and Finance

MCQ▾

Question

RBI has directed commercial banks to resolve ATM transaction-related complaints within seven working days. If a commercial bank is unable to do so then it has to pay Rs. ________per day as compensation.

Choices

Choice (4) Response

a.

200

b.

100

c.

50

d.

225

Question number: 114

» Banking and Finance

MCQ▾

Question

T-bills are issued at discount and the face value is ________ than/to the discount value.

Choices

Choice (4) Response

a.

equal

b.

higher

c.

lower

d.

double

Question number: 115

» Banking and Finance

Appeared in Year: 2015

MCQ▾

Question

The direct tax collection has decreased by ________ percent in 2014 - 15. (May)

Choices

Choice (4) Response

a.

17 percent

b.

12 percent

c.

15 percent

d.

14 percent

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