Banking and Finance (Bank-PO (IBPS) General-Awareness): Questions 419 - 423 of 620

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Question number: 419

» Banking and Finance

MCQ▾

Question

We often come across the advertisement “Anywhere Banking: Anytime Banking” Availing services of banks 24 hours all seven days. Which of the following products/facilities has made it possible?

Choices

Choice (4) Response

a.

Multi city cheques

b.

Only A and B

c.

Internet Banking

d.

Automated Teller Machine

Question number: 420

» Banking and Finance

MCQ▾

Question

CAC stands for________

Choices

Choice (4) Response

a.

Capital Amount Convertibility

b.

Capital Account Convertibility

c.

Current Account Convertibility

d.

All of the above

Question number: 421

» Banking and Finance

MCQ▾

Question

What are the benefits of using NEFT?

Choices

Choice (4) Response

a.

The beneficiary need not visit his/her bank for depositing the paper instruments.

b.

The remitter need not send the physical cheque or Demand Draft to the beneficiary.

c.

All of these

d.

Credit confirmation of the remittances sent by SMS or email.

Question number: 422

» Banking and Finance

MCQ▾

Question

In which year the Kisan Credit Card (KCC) scheme was introduced in the Banks?

Choices

Choice (4) Response

a.

1997

b.

1990

c.

1981

d.

1998

Question number: 423

» Banking and Finance

MCQ▾

Question

Open Market Operations are mainly used as………. .

Choices

Choice (4) Response

a.

a monetary measure to regulate quantity of money in circulation and the cash reserves of the commercial banks

b.

a measure to influence the balance of payments position

c.

a measure to counteract extreme trends in business

d.

a fiscal device which assists government borrowing

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