Banking Awareness MCQ-128

Banking Aptitude Test Bank Exams,IBPS PO mains,SBI Clerks,LIC ADO

When a cheque is drawn on a bank, the bank is called the ____?

[A] Payee
[B] Drawee
[C] Drawer
[D] Endorsee
[E] None of the above

The “Stand Up India” is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to ____


Credit is a

[A] Stock concept
[B] Flow concept
[C] A stock-flow concept
[D] A holding concept
[E] None of these

Which of the following is a leading electronic payment technology firm ? (The logo of the firm can be seen printed on credit cards/ATM centres etc.)

[A] Visa
[B] Max
[D] Sensex

Who has been appointed the interim Managing Director and CEO of India Post Payments Bank (IPPB)?

[A] Seema Biswas
[B] Nihar Gupta
[C] S R Reddy
[D] A P Singh
[E] None of these

Money loaned by a bank or other institution which is repayable on demand is called as ?

[A] Call Money
[B] Demand Loan
[C] Cash Credit
[D] Short Term Loan
[E] None of these

World investment report is published by?

[B] World bank
[E] None of these

The Headquarters of Islamic Development Bank is ___

[A] Sohar, Oman
[B] Kuala Lumpur, Malaysia
[C] Jeddah, Saudi Arabia
[D] Baghdad, Iraq
[E] None of these

When a bank returns a cheque unpaid, it is called

[A] talking of the cheque
[B] payment of the cheque
[C] drawing of the cheque
[D] dishonour of the cheque
[E] None of these

Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on which date?

[A] 16 August 2014
[B] 26 January 2014
[C] 28 August 2014
[D] 4 January 2014
[E] None of these

What does “T” in RTGS stand for?

[A] Transaction
[B] Transfer
[C] Tax
[D] Time
[E] None of these

Headquarters of National Investment and Infrastructure Fund (NIIF) is located at _____.

[A] New Delhi
[B] Hyderabad
[C] Mumbai
[D] Kolkata
[E] Bangalore

A leading bank in India has recently (July 2016) launched a social media, banking platform for its facebook and twitter users which goes by the name of ‘Mingle’. Name the Bank.

[A] Punjab National Bank
[B] Yes Bank
[C] State Bank of India
[D] Bank of Baorda
[E] ICICI Bank

NEFT and RTGS in banking terminology speak of

[A] Various deposit products
[B] Various loan products
[C] Electronic payment products within a bank
[D] Electronic fund transfer from bank to bank
[E] Cheque transaction process

In which country, the Unit Banking System originated?

[A] United States
[B] United Kingdom
[C] France
[D] Spain
[E] None of these