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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 15601. |
What is the alphanumeric code on cheques called?A. RTGSB. MICRC. IFSED. NEFT |
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Answer» Correct Answer - C The Indian Financial System Code (IFSC) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main electronic funds settlement systems in India : The real time gross settlement (RTGS) and the national electronic funds transfer (NEET) systems. |
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| 15602. |
The performance of a sales person depends on _____.A. salary paidB. sales incentives paidC. size of the sales teamD. ability and willingness of the sales person |
| Answer» Correct Answer - D | |
| 15603. |
Which of the following terms/names is not associated with banking/financial trade in India ?A. Automated Clearing HouseB. Provision Coverage RatioC. Market Stabilisation SchemeD. Double Fault |
| Answer» Correct Answer - D | |
| 15604. |
Post-sales activities include _____ .A. Sales presentationB. Customer FeedbackC. Customer identificationD. Product design |
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Answer» Correct Answer - B The purpose of post sales activities is to support the customer in use of the product or services and thereby continuing customer satisfaction. It includes delivering support to agreed expectations, handling client feedback, strengthening client relationship , offering additional benefits , etc. |
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| 15605. |
Which of the following is the correct statement ?A. State bank of India is the sole authority ot issue and manage currency in India.B. A nationalized bank is the sole authority of Issue and manage currency in IndiaC. A cooperative bank is the sole authority to issue and manage currency in India.D. RBI is the sole authority of issue and manage currency in India . |
| Answer» Correct Answer - D | |
| 15606. |
When a bank returns a cheque unpaid. It is calledA. Payment of the chequeB. drawing of the chequeC. cancelling of the chequeD. dishonour of the cheque |
| Answer» Correct Answer - D | |
| 15607. |
In which of the following fund transfer machanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other tansaction ?A. RTGSB. NEFTC. TTD. EFT |
| Answer» Correct Answer - A | |
| 15608. |
Upper limit prescribed for RTGS transaction isA. Rs. 1 lacB. Rs. 2 lacsC. Rs. 5 lacsD. No upper limit is prescribed |
| Answer» Correct Answer - D | |
| 15609. |
Truncates Cheques come under which act?A. Negotiable Instruments Act, 1881B. Negotiable Instruments Act, 1901C. Negotiable Instruments Act, 1867D. Negotiable Instruments Act, 1884 |
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Answer» Correct Answer - A Negotiable Instruments Act, 1881 |
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| 15610. |
When a bank dishonours a cheque it is calledA. settlement of the chequeB. withdrawing of the chequeC. nullifying of the chequeD. truncating of the cheque |
| Answer» Correct Answer - C | |
| 15611. |
Which of the following is/are NOT the functions of a bank ? (A) Accepting deposits from the public (B) Grant of loans and advances (C) Providing finance to all those who cannot earn enough to surviveA. Only (A)B. Only (B)C. Only (C)D. All (A), (B) & (C) |
| Answer» Correct Answer - D | |
| 15612. |
Financial inclusion means provision ofA. Financial services namely payment, remittances, savings, loans and Insurance at affordable cost to persons not yet given the same .B. ratio at affordable cost to persons not yet given the same.C. house at affordable cost to persons not yet given the same.D. food at affordable cost to persons not yet given the same. |
| Answer» Correct Answer - A | |
| 15613. |
A good Brand can be built up by way of ______ .A. Customer grievancesB. Break-down of IT supportC. Old ageD. Consistent offering of good services |
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Answer» Correct Answer - D Brand loyalty builty through goodwill means providing consistent good services to their customers . For example, providing effective post sales maintenance & support services : Listening & responding properly when customer provides feedback, etc. |
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| 15614. |
A major Public Sector Bank raised interest rates on loans by 25 basis points - was news in some major financial newspapers recently. This means the bank has raised interest by 25 basis point ofA. Saving Bank Interest RateB. Base Lending RateC. Repo RatesD. Present Rates on Deposits |
| Answer» Correct Answer - B | |
| 15615. |
Value added services means ______ .A. Costlier productsB. Large number of productsC. additional servicesD. at par services |
| Answer» Correct Answer - C | |
| 15616. |
Real Time Gross Settlement or RTGS enablesA. immediate transfer of money fromo customer of one bank to customer of another bank.B. immediate transfer of money from customer of one branch to customer of another branch within the same bank.C. immediate transfer of money from customer of one country to customer of another country.D. immediate transfer of money from customer of one bank to customer of the RBI |
| Answer» Correct Answer - A | |
| 15617. |
How does every bank pay interest on savings ?A. DailyB. WeeklyC. FortnightlyD. Monthly |
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Answer» Correct Answer - A At present , banks calculate interest paid on money kept in the savings bank account on a daily basis. This is a departure from the earlier practice of calculating interest on the lowest balance after the 10th of every month. In 2011 , the central bank had decided to give freedome to commercial banks to fix savings bank deposit rates, the last bastion of the regulated interest-rate regime. |
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| 15618. |
Distribution of Insurance products and Insurance policies by banks as corporate agents is known asA. General InsuranceB. Non-life InsuranceC. BancassuranceD. Insurance banking |
| Answer» Correct Answer - C | |
| 15619. |
Value added services means ______ .A. Low Cost productsB. High cost productsC. At par servicesD. Additional services for the same cost |
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Answer» Correct Answer - D A value added service is something extra that is provided to a customers at no additional charge. For example, a sample product is given for free when another related product is bought whether at regular or discounted price |
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| 15620. |
Base Rate of loans areA. Set by the Reserve Bank of IndiaB. Fixed by individual banksC. Applicable to all new loans after July 2010D. Both b and c |
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Answer» Correct Answer - D The Reserve Bank of India introduced Base Rate as a reference benchmark rate for all floating rate loan products with effect from 1 July , 2010 . Each bank has been directed to arrive at its own base rate. The base rate is the minimum interest rate of a Bank below which it cannot lend, except in cases allowed by Reverse Bank of India. |
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| 15621. |
Which of the following is a measure taken by the Reserve Bank of India to control inflation in our country ?A. Increasing the CRRB. Increasing the SLRC. Contraction of supply of currencyD. Raising Repo/Reverse Repo Rate |
| Answer» Correct Answer - D | |
| 15622. |
Which of the following is NOT a function of the Reserve Bank of India ?A. Fisacl Policy FunctionsB. Exchange Control FunctionsC. Issuance , Exchange and destruction of currency notesD. Monetary Authority Functions |
| Answer» Correct Answer - A | |
| 15623. |
Invisible Export means export of ______ .A. ServicesB. Prohibited goodsC. Restricted goodsD. Goods as per OGL list |
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Answer» Correct Answer - B Inversible Exports are services which are sold to other nations by domestic firms, like banking, insurance, and tourism. |
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| 15624. |
Which bank announced that it had entered into agreements with private insurers Cigna TTK and Reliance General Insurance to provide health and general insurance services to its customers ?A. Tamilnadu Merchantile BankB. Bank of BarodaC. Andhra BankD. None of these |
| Answer» Correct Answer - D | |
| 15625. |
Interest on Savings deposit nowadays is ______.A. Fixed by RBIB. Fixed by the respective BanksC. Fixed by the DepositorsD. Fixed as per the contract between Bank and the Consumer Court |
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Answer» Correct Answer - D With effect October 25,2011 , saving bank deposit interest rate stands deregulated. Accordingly , banks are free to determine their savings bank deposit interest rate |
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| 15626. |
Market plan can be forA. a brandB. a productC. product lineD. All of the above |
| Answer» Correct Answer - D | |
| 15627. |
An engineer working in a big city in India wishes to send some money to his/her parents in a small village. How can a bank help him/her ? (Both of them have accounts in the branches of the same bank.) A. By issuing a Demand Draft. B. By opening a letter of credit in the name of his/her parents. C. Through E-transfer of money.A. Only (A)B. Only (B)C. Only CD. Both A and C |
| Answer» Correct Answer - D | |
| 15628. |
In order to address the twin balance sheet problem of the banking sector and the corporate sector , the RBI made a strong case for setting up a ______ in India.A. Public Credit RegistrationB. Public Credit RegistryC. Public Credit ReviewD. Public Credit Reminder |
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Answer» Correct Answer - B The RBI made a strong case for setting up a public credit registry in India to address the twin balance sheet problem of the banking sector and the corporate sector. Public credit registry coverage reports the number of individuals and firms listed in a public credit registry with current information on repayment history, unpaid debts, or credit outstanding. |
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| 15629. |
The RBI has asked banks authorised to deal in foreign exchange (Authorised Dealer-I Banks ) to share data with which of the following ?A. Minsitry of FinanceB. Securities and Exchange Board of IndiaC. Directorate of Revenue IntelligenceD. Intelligence Bureau |
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Answer» Correct Answer - C The Reserve Bank of India has asked banks authorised to deal in foreign exchange (Authorised Dealer-I Banks) to share data with the Directorate of Revenue Intelligence (DRI). |
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| 15630. |
In Basic Saving Bank Deposit Account (BSBDA) , one can withdraw money _______ times in a month.A. sixB. twoC. fiveD. four |
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Answer» Correct Answer - D In BSBDA, banks are required to provide free of charge minimum four withdrawls , through ATMs and other mode including RTGS/NEET/Clearing /Branch cash withdrawal /transfer/internet debits /standing intructions /EMI etc. It is left to the banks to either offer free or charge for additional withdrawal/s. |
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| 15631. |
A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known asA. Universal BankingB. Indirect BankC. Door Step BankD. A Direct Bank |
| Answer» Correct Answer - A | |
| 15632. |
Bandhan bank deals mainly inA. Customer creditB. MicrofinanceC. Control of money supplyD. both (a) and (b) are correct |
| Answer» Correct Answer - C | |
| 15633. |
Which of the following is the slogan of Allahabad bank ?A. A tradition of trustB. World wiseC. Honour your trustD. Invest with confidence |
| Answer» Correct Answer - A | |
| 15634. |
A Market Plan isA. Performance Appraisal of marketing staffB. Company ProspectusC. Documented marketing strategiesD. Business targets |
| Answer» Correct Answer - C | |
| 15635. |
The rate of interest charged by the central bank for short term of the cash borrowed by commercial banks is called ______ .A. Repo rateB. Reverse Repo RateC. Bank RateD. Cash Reserve Ratio |
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Answer» Correct Answer - A Repo rate is the rate at which the central bank of a country (RBI in India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation. |
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| 15636. |
Banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called ______ .A. Statutory Liquidity RatioB. Cash Reserve RatioC. Bank DepositD. Reserve Repo |
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Answer» Correct Answer - B The cash Reverve Ratio is the amount of funds that the banks are bound to keep with Reverse Bank of India, with referece to the demand and time liabilities (NDLT) to ensure the liquidity and solvency of the banks. This proportion is specified by RBI and could change from time to time |
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| 15637. |
Which bank launched "Dhanchayat" an Eductional film, to raise awareness on the dangers of borrowing money from unorganized sources ?A. ICICIB. SBIC. HDFCD. PNB |
| Answer» Correct Answer - C | |
| 15638. |
The government and the RBI had set of target to cover 73,000 villages having population in excess of 2000 to provide access to banking services , by March 2012. The name given to this scheme isA. SwabhimanB. SwavalambanC. SaralD. Connecting Banks |
| Answer» Correct Answer - A | |
| 15639. |
An engineer working in a big city in India wishes to send some money to his/her parents in a small village . How can a bank help him/her ? (Both of them have accounts in the branches of the same bank.) A. By issuing a Demand Draft B. By opening a letter of credit in the name of his/her parents. C. Through E-transfer of moneyA. Only (A)B. Only (B)C. Only CD. Both A and C |
| Answer» Correct Answer - D | |
| 15640. |
The key challenge to market -driven strategy isA. Selling maximum productsB. Employing maximum DSAsC. Delivering superior value to customersD. Being rigid to changes |
| Answer» Correct Answer - C | |
| 15641. |
Service Marketing is the same asA. Internet MarketingB. TelemarketingC. Internal MarketingD. Relationship Marketing |
| Answer» Correct Answer - D | |
| 15642. |
Modern styles to marketing include ______A. digital marketingB. tele-marketingC. e-commerceD. all of the above |
| Answer» Correct Answer - D | |
| 15643. |
Power in marketing channels is now with_______?A. DistributorB. ManufacturerC. RetailerD. Consumer |
| Answer» Correct Answer - D | |
| 15644. |
Marketing channels meanA. Delivery objectsB. Sales targetsC. Delivery outletsD. Delivery boys |
| Answer» Correct Answer - C | |
| 15645. |
Banks have finalised an inter-creditor agreement ot resolve the issue of mounting ______ under Project "Sashakt".A. Fund TransferB. UPIC. NPAD. KYC |
| Answer» Correct Answer - C | |
| 15646. |
A web site address is a unique name that identifies a specific _____on the web.A. web browserB. web siteC. PDAD. link |
| Answer» Correct Answer - B | |
| 15647. |
People normally go to a bank for withdrawal or/and depositing their money. In addition to that banks provide many other services these days. Which of the following is/are such new services ? A. Sale of insurance policies B. Loans for higher studies for children C. Acceptance of bills for Telephone/Electric supply services on behalf of such organizations.A. Only (A)B. Only (B)C. Only CD. All A, B and C |
| Answer» Correct Answer - D | |
| 15648. |
Which of the following does not fall into the functions of Payments Banks ?A. Acceptance of demand depositsB. Internet bankingC. Kemittance servicesD. Lending services |
| Answer» Correct Answer - D | |
| 15649. |
When consumers get one sample for free , after their trial and then could decide whether to buy or not then that is calledA. AdvetisingB. SamplingC. CouponingD. Trading |
| Answer» Correct Answer - B | |
| 15650. |
Banks cannot do which of the following businesses ?A. Accepting demand and time deposits from publicB. Accepting items for keeping in safe custodyC. Selling gold coinsD. buying commodities for trading |
| Answer» Correct Answer - D | |