Banking and Finance (Bank-PO (IBPS) General-Awareness): Questions 531 - 536 of 620

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Question number: 531

» Banking and Finance

MCQ▾

Question

Negotiable instruments drawn by the seller or drawer of the goods on the buyer of drawer of the good for the value of goods delivered is also known as…….

Choices

Choice (4) Response

a.

Certificate of deposits

b.

Treasury Bills

c.

Commercial papers

d.

Commercial Bills

Question number: 532

» Banking and Finance

MCQ▾

Question

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

Choices

Choice (4) Response

a.

Payment risk

b.

Market risk

c.

Credit risk

d.

Operational risk

Question number: 533

» Banking and Finance

MCQ▾

Question

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

Choices

Choice (4) Response

a.

Imperial Banks

b.

All of these

c.

Traders Bank

d.

Presidency Banks

Question number: 534

» Banking and Finance

MCQ▾

Question

A bank branch receives a counterfeit note of Rs. 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 ask for exchange of note

b.

It will impound and not return

c.

It will replace with the genuine note

d.

It will return to customer.

Question number: 535

» Banking and Finance

MCQ▾

Question

AMFI stands for ________.

Choices

Choice (4) Response

a.

Association of Mutual Funds of India.

b.

Association of Mutual Funds of Investor.

c.

Association of Monetary Fund’s of India.

d.

None of the above

Question number: 536

» Banking and Finance

MCQ▾

Question

What do you understand by “Para Banking” service?

Choices

Choice (4) Response

a.

Utility services provided by bank.

b.

Services provided through business correspondent.

c.

Services provided to armed force personal

d.

Eligible financial services rendered by bank.

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