Banking Quiz for IBPS | SBI – 320

Banking Quiz for IBPS | SBI – 320

Banking Quiz for IBPS | SBI – 320. Banking Awareness quiz for SBI Clerk, SBI PO, RBI, IBPS PO/Clerk/RRB/SO & other Banking & competitive exams. Stay connect with DaytodayGK for latest Current Affairs more updates.

Banking Quiz for IBPS | SBI – 320

1. How many banks were first nationalised in India, 19th july 1969?
a) 9
b) 12
c) 14
d) 18

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Answer c) 14.

2. A Dormant Account is a banking term that refers to an account of a customer which was without any activity for a period of __________ other than posting interest.
a) two years
b) three years
c) four years
d) five years

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Answer a) two years

3. ANBC(banking terms) is expand as___________.
a) Adjusted Net Bank Credit
b) Amount Net Bank Credit
c) Amount Net Bilateral Credit
d) Adjusted Net Bank Committee

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Answer a) Adjusted Net Bank Credit

4. Under Priority Sector Lending (PSL), the loans and advances granted to only individuals for educational purposes up to __________ for studies in India.
a) Rs.3 lakh
b) Rs.4 lakh
c) Rs.7 lakh
d) Rs.10 lakh

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Answer d) Rs.10 lakh

5. A cheque Which is more than three months old, is called___________.
a) Stale cheque
b) Mutilated cheque
c) Post-dated cheque
d) Open cheque

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Answer a) Stale Cheque

6. MICR (banking terms) expand as____________.
a) Magnetic Ink Code Resemblence
b) Magnetic Impact Character Recognition
c) Magnetic Ink Code Recognition
d) Magnetic Ink Character Recognition

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Answer d) Magnetic Ink Character Recognition

7. Doubtful Assets Which remained in the substandard category for a period of ___________.
a) 1 month
b) 3 months
c) 6 months
d) 12 months

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Answer d) 12 months

8. The financial services undertaken by banks such as credit cards, smart cards, mutual funds, primary dealers, pension funds comes under__________.
a) Branch Banking
b) Universal Banking
c) Para Banking
d) Narrow Banking

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Answer c) Para Banking

9. It is a type of banking in which where banks operate only from a single branch taking care of a small community is called as____________.
a) Branch Banking
b) Virtual Banking
c) Unit Banking
d) Wholesale Banking

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Answer c) Unit Banking

10. It is the combination of banking and consultancy service. Consultancy means to provide advice, guidance and service for a fee is called as____________.
a) Merchant banking
b) Neo Banking
c) Green Banking
d) Wholesale Banking

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Answer a) Merchant banking

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