Banking and Finance (Bank-PO (IBPS) General-Awareness): Questions 556 - 560 of 620

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Question number: 556

» Banking and Finance

MCQ▾

Question

What is the primary function of a district central Co-Operative Bank?

Choices

Choice (4) Response

a.

To mobilize the resources in the district for financing its members.

b.

To channelize the flow of funds from the State Cooperative Banks.

c.

To mobilize deposits from the state government.

d.

Both a. and b. are correct

Question number: 557

» Banking and Finance

MCQ▾

Question

Which of the following is a legal tender?

Choices

Choice (4) Response

a.

Drafts

b.

Cheques

c.

Government drafts

d.

Currency notes

Question number: 558

» Banking and Finance

MCQ▾

Question

Which among the following is at times mentioned as a kind of Direct Debit Facility?

Choices

Choice (4) Response

a.

RTGS

b.

UTR

c.

IMPS

d.

ECS

Question number: 559

» Banking and Finance

MCQ▾

Question

Priya has a savings account in SBI but she used the ATM of Union Bank of India for the purpose of transacting cash. Unfortunately the transaction failed and her account is debited. In how many days from the date of receipt of her complaint the card issuing bank should provide the resolution of this

Choices

Choice (4) Response

a.

1 day

b.

4 day

c.

2 day

d.

7 day

Question number: 560

» Banking and Finance

Appeared in Year: 2014

MCQ▾

Question

The Reserve Bank of India (RBI) has recently announced it can withdraw its nominee directors from the boards of which of the following types of banks?

Choices

Choice (4) Response

a.

Foreign Banks

b.

Private Sector Banks

c.

Nationalized Banks

d.

Co-operative Banks

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