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Banking Awareness Quiz for IBPS PO / RRB / NABARD

1. Under OLTAS, only a songle copy challan is used with a tear off portion for the Tax payer. What does OLTAS stands for?
  1. On-line Tax Accounting Service
  2. On-line Tax Accounting System
  3. On-line Tax Accounting Association System
  4. On-line Tax Amounting Service
  5. None of these
2. Who is current MD and CEO of Punjab National Bank?
  1. Rakesh Sethi
  2. Usha Anathasubramanian
  3. P. S. Jayakumar
  4. Sunil Mehta
  5. None of these
3. If a cheque is presented for payment after three months from the date of the cheque. It is called ______ _____.
  1. Stale Cheque
  2. Crossed Cheque
  3. Bearer Cheque
  4. Order Cheque
  5. None of these
4. On April 1980, which of the following bank was not nationalized?
  1. Andhra Bank
  2. Oriented Bank of Commerce
  3. Vijaya Bank
  4. United Bank
  5. Corporation Bank
5. The Small Industries Development Bank of India is a state-run bank aimed to aid the growth and development of micro, small and medium scale industries in India. SIDBI set up in which of the following year?
  1. 1982
  2. 1990
  3. 1992
  4. 1995
  5. 2000
6. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. In which year Commercial Paper was introduced in India?
  1. 1975
  2. 1985
  3. 1990
  4. 1965
  5. None of these
7. MTSS is a way of transferring personal remittances from abroad to beneficiaries in India. What does MTSS stand for?
  1. Mobile Transfer Service System
  2. Money Transfer System Scheme
  3. Money Timing Service System
  4. Market Transfer Service System
  5. Money Transfer Service System
8. What does meaning of “Cs” in PSLCs?
  1. Cash
  2. Cities
  3. Certificates
  4. Common
  5. None of these
9. Where is the corporate office of MUDRA Bank?
  1. Kolkata
  2. Bengaluru
  3. Mumbai
  4. New Delhi
  5. Chennai
10. Minimum amount that can be invested in Kisan Vikas Patra (KVP) and in how many months amount invested in KVP would get doubled?
  1. 1000 and 100 months
  2. 10000 and 112 months
  3. 500 and 113 months
  4. 2000 and 115 months
  5. 1000 and 113 months


Answers:
  1. 2
  2. 4
  3. 1
  4. 4
  5. 2
  6. 3
  7. 5
  8. 3
  9. 3
  10. 5
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