Banking Awareness MCQs for IBPS PO/RRB Mains 2018: 31 Aug

Banking Awareness MCQs for IBPS PO/RRB Mains 2018: 31 Aug

Banking Awareness MCQs for IBPS PO/RRB Mains 2018: 31 Aug

1. The extension of credit from a bank or any other lending institution when customer’s account reaches zero is termed as
1) assignment
2) hypothecation
3) overdraft
4) syndication
5) provisioning
2. Which of the following state-owned general insurance companies has its catch line “Trusted Since 1906” and is headquartered at Kolkata?
1) United India Insurance
2) New India Assurance
3) National Insurance Company
4) Oriental Insurance Company
5) None of these
3. Which of the following is the regulatory agency  for portfolio management service providers in India?
1) SIDBI
2) RBI
3) UIDAI
4) SEBI
5) IRDAI
4. In India ‘Commodities Derivatives Market’ is regulated by .
1) PFRDA
2) FCI
3) IRDAI
4) SEBl
5) RBI
5. ‘ONICRA’ is a leading
1) Asset Management Company
2) Asset Reconstruction Company
3) White Label ATM Operator
4) Credit and performance rating agency
5) None of those given as options
6. The Reserve Bank of India has authorized non-banks to operate ‘White Label ATMs’ under the provisions of
1) Reserve Bank of India Act, 1934
2) Negotiable Instruments Act, 1881
3) Negotiable Instruments (Amendment) Act, 2015- 16
4) Banking Regulation Act, 1949
5) Payment & Settlement Systems Act, 2007
7. The ‘IFSC Code’ is an alphanumeric code comprising 11 characters that facilitates electronic fund transfer in the country. The alphabet ‘I’ in the abbreviation ‘IFSC’ stands for 
1) Inter-bank
2) Indian
3) International
4) Intercontinental
5) Institutional
8. The headquarters of Canara Bank is situated in the Indian city of
1) Delhi
2) Mumbai
3) Kolkata
4) Bangalore
5) Chennai
9. An mPOS is a dedicated wireless device that performs the functions of a cash register or electronic point-of- sale terminal. In the term mPOS, the letter ‘m’ stands for
1) Modified
2) Miniature
3) Moving
4) Mobile
5) Multiple
Answers:
  1. 3
  2. 3
  3. 4
  4. 4
  5. 4
  6. 5
  7. 2
  8. 4
  9. 4
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