Banking and Finance (Bank-PO General-Awareness): Questions 521 - 525 of 620

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Question number: 521

» Banking and Finance

MCQ▾

Question

Which other bank along with State Bank of India has got its supervisory college set up by the Reserve Bank of India (RBI)?

Choices

Choice (4) Response
a.

ICICI Bank

b.

Punjab National Bank

c.

Central Bank of India

d.

HDFC Bank

Question number: 522

» Banking and Finance

MCQ▾

Question

________ is an agreement where, an issuing bank request of the importer (buyer) undertake to make payment to the exporter (beneficiary) against stipulated documents.

Choices

Choice (4) Response
a.

Letter of Exchange

b.

Promissory Note

c.

Letter of Credit

d.

Bills of exchange

Question number: 523

» Banking and Finance

Appeared in Year: 2014

MCQ▾

Question

What is the rank of India on black money list?

Choices

Choice (4) Response
a.

Sixth

b.

Fourth

c.

Third

d.

Second

Question number: 524

» Banking and Finance

MCQ▾

Question

Who/What is/are Business correspondent?

Choices

Choice (4) Response
a.

Business correspondents are bank representatives.

b.

Business correspondents (BCs) or representative of any one particular bank can conduct business for other banks as well.

c.

They help bank in the appointment of its employees.

d. Both a. and b. are correct

Question number: 525

» Banking and Finance

MCQ▾

Question

Which of the following statement is true?

Choices

Choice (4) Response
a.

Reserve Bank of India is the sole authority to regulate and supervise the Payment and Settlement Systems in India.

b.

A Co-operative Bank is the sole authority to regulate and supervise the Payment and Settlement Systems in India.

c.

State Bank of India is the sole authority to regulate and supervise the Payment and Settlement Systems in India.

d.

A Regional Rural Bank is the sole authority to regulate and supervise the Payment and Settlement Systems in India

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