Banking Product And Services Questions and Answers

Banking Product And Services Questions and Answers Online Test Quiz MCQ Practice for Bank Exams IBPS SBI Clerk PO mains General Awareness (Banking Awareness) .

30 Questions and Answers

1 .Mobicash Easy is a mobile wallet which offers facilities such as fund transfer, bill payment, balance enquiry, mini statement, mobile top-ups and DTH recharge. This facility has been introduced by which of the following banks?

A. State Bank of india

B. HDFC Bank

C. Corporation Bank

D. Union Bank of India

E. ICICI Bank

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2 .The Asian development Bank (ADB) and Government of India have signed loan agreement to improve rural roads. In this context, which of the following statement is/are correct?
1. The loan amount is the first tranche of &800 million financing facility.
2. The project includes the construction of 3461 km of all - weather rural roads in 5 states.
3. The first phase of the project will be completed in December, 2015

A. Only 1

B. Only 3

C. Both 1 & 3

D. Both 2 & 3

E. All are correct

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3 .Insurance service provided by various banks is commonly known as ....

A. Investment Banking

B. Portfolio management

C. merchant banking

D. Bancassurance

E. Micro Finance

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4 .IFSC Code stands for __________.

A. Indian Foreign Service code

B. Indian Full Service carrier

C. Instant Free space credit

D. Indian Financial system code

E. None of these

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5 .Services offered by Retail Banking include ___________

A. Savings & Transactional accounts

B. mortgages & personal loans

C. Debit cards & Credit cards

D. All of the above

E. None of the above

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6 .The RBI is planning to introduce. 'Plastic Currency Notes. What is/are the benefits of "Plastic Notes'?
(1) Long shelf life.
(2) It will replace plastic money like Credit Cards which lead to fraud.
(3) Printing of such notes would be cheaper. "

A. Only 3

B. Only 2

C. Only 1

D. All 1,2 and 3

E. None of these

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7 .Which of the following is not the part of the Scheduled Banking structure in India?

A. money lenders

B. public sector banks

C. private sector banks

D. regional rural banks

E. state cooperative banks

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8 .Small Savings Scheme like national savings certificates, Public Provident Fund, Monthly Income Schemes are popular among the salaried people. Which financial institutions manage these schemes?

A. public sector banks

B. commercial banks

C. post offices

D. co-operative banks

E. None of these

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9 .Which of the following is/are the right(s) of customer towards his banker?

A. To receive a statement of his account from a banker

B. To sue the bank for any loss and damages

C. To sue the banker for not maintaining the secrecy of his account

D. All of the above

E. None of these

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10 .Which of the following factors is not required to be considered to analyze the repayment capacity of a borrower?

A. working capital management

B. personal educational qualifications

C. financial leverage

D. interest rate risk management

E. None of these

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11 .Which of the following is a facilitating service of core loan products of retail banking services?

A. current or savings accounts

B. legal services for documentation

C. delivery of loan at promised time period

D. flexibility in prepayment of loan

E. None of these

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12 .Funded Services under corporate banking does not include?

A. working capital finance

B. bill discounting

C. export credit

D. letters of credit

E. None of these

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13 .''Swabhiman'' Scheme is related

A. rich customers of the bank

B. RRBs

C. to provide basic banking services to bankless villages

D. both b and c

E. None of these

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14 .A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as?

A. investment banking

B. core banking

C. mobile banking

D. national banking

E. specialzied banking

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15 .The Reverse Mortgage scheme is launched to give benefit to which of the following groups of society?

A. persons below 60 yrs

B. senior citizens

C. unemployed youth

D. orphans

E. All of the above

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16 .which of the following scheme is not meant for investment purpose ?

A. national saving certificate

B. infrastructure bons

C. mutual funds

D. Letter of credit

E. None of these

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17 .Systematic investment Plans relates to:

A. mutual funds

B. life insurance companies

C. commercial banks

D. post office savings schemes

E. None of these

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18 .Which of the following is an example of cash less purchase?

A. Debit card

B. Credit card

C. ATM withdrawal

D. All of the above

E. None of these

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19 .Which one of the following is not an electronic banking delivery channel?

A. Mobile vans

B. Mobile phone banking

C. Internet Banking

D. Tele Banking

E. ATM

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20 .Now-a-days Banks are selling third party products. Example of third party product is:

A. Mutual funds

B. Term deposits

C. Credit cards

D. All of these

E. None of these

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21 .What are White Label ATMs

A. ATMs set up and run by non-banking entities

B. ATMs set up and run by banking entities

C. ATMs in rural areas

D. ATMs in Defence areas

E. ATM set up in Uttaranchal

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