Banking Awareness Online Test 2014 IBPS/SBI/RRB Po Clerk Exams
Each bank exam either Po or any other government or non- government exam requires a thorough knowledge of what happening in today’s world.Institute of Banking and Personnel Selection conducts common written examination (CWE) for PO/MT, clerical cadre and specialist officers and scores obtained in this Banking Online Test 2014 will be used as eligibility criteria for 21 nationalized banks. Candidates study Banking awareness 2014 questions and answers provided here for your better performance in IBPS/SBI/RRB Po Clerk Exams, you can also test your knowledge in remaining areas of bank exams from the link made available at below.
1. ATM cards are issued to a person who maintains any of following accounts with the bank
A. Saving bank accounts B. Current accounts
C. Term deposits D. Both a and c
2. Machine within or outside the bank premises that enables customers to conduct cash withdrawals and other specific banking transactions without the help of bank staff is called
A. Automated teller machine B. PC
C. Internet D. Intranet
3. A working group on cheque truncation and e-cheque was constituted by the RBI india under the chairmanship of dr RB barman and major recommendations of group include
A. The physical cheque will be truncated within the presenting bank
B. Settlement will be generated on the basis of current MICR code line data
C. Electronic images will be for payment processing
D. All of these
4. Real time gross Settlement benefits
A. The customers B. The banks
C. RBI D. Both a and b
5. Real time gross Settlement system means a payment system in which
A. Both processing and final Settlement of funds Transfer instructions can take place continuously
B. Final transaction takes place at the end of the day
C. Final payment is physically effected within 24 hours
D. None of these
6. RBI in regard to RTGS has decided that
A. RTGS would be accessible to all retail customers
B. There would be no floor ceiling for routing transactions through RTGS
C. Settlement of transactions of the clearing corporation of india and the stock market would be conducted through RTGS
D. All of these
7. Who can invest in a commercial paper
A. Individuals B. Banking companies
C. Corporate bodies registered or incorporated bodies D. All of these
8. Commercial paper is essentially
A. Fully secured paper B. Unsecured money market instruments
C. Partly secured paper D. All of these
9. Effective from 15 april 1980 how many banks with demand and time liabilites exceeding rs 200 crores were Nationalized
A. 5 B. 4 C. 6 D. 10
10. Which of the following banks have entered capital market in the wake of narasimham recommendations
A. State bank of india B. Oriental bank of commerce
C. Bank of india D. All of these
Answers :-
1. D 2.A 3.D 4.D 5.A
6. D 7.D 8.B 9.C 10.D
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