MCQOPTIONS
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MCQOPTIONS
This section includes 10 Mcqs, each offering curated multiple-choice questions to sharpen your General Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Recently introduced by National Payments Corporation of India (NPCI), the 'NACH' is a centralised [RBI Grade B 2016] |
| A. | application processing for banks system |
| B. | Credit appraisal system |
| C. | Electronic clearing system |
| D. | Core Banking system |
| E. | None of those given options |
| Answer» D. Core Banking system | |
| 2. |
The first ATM was setup in Mumbai in 1987 by [RBI Grade B 2015] |
| A. | ICICI Bank |
| B. | SBI |
| C. | HDFC Bank |
| D. | HSBC Bank |
| E. | Citi bank |
| Answer» E. Citi bank | |
| 3. |
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) [RBI Grade B 2013] |
| A. | was registered as a company in Belgium |
| B. | is a bank owned non-profit cooperative society |
| C. | became operational in May, 1977 |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 4. |
The Aadhaar Enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar enabled basic types of banking transactions do 'not? include [IBPS PO 2013] |
| A. | Aadhaar to Aadhaar funds transfer |
| B. | Small overdraft facility |
| C. | Cash withdrawal |
| D. | Balance enquiry |
| E. | Cash deposit |
| Answer» C. Cash withdrawal | |
| 5. |
First Bank to introduce ATM in India was |
| A. | HSBC |
| B. | SBI |
| C. | CBI |
| D. | PNB |
| E. | UCO Bank |
| Answer» B. SBI | |
| 6. |
In addition to cash dispensing ATMs may have many services/facilities such as I. Account information II. Cash Deposit III. Regular bills payment IV. Mini/Short Statement Codes |
| A. | I, II and III |
| B. | II, III and IV |
| C. | I, II, III and IV |
| D. | II and III |
| E. | I and IV |
| Answer» D. II and III | |
| 7. |
Choose the correct statement(s) regarding bank card. I. A bank card is typically a plastic card. II. Bank card performs one or more of a number of services. III. Bank card issued by a retail chain to its clients. Codes |
| A. | I and II |
| B. | II and III |
| C. | I, II and III |
| D. | I and III |
| E. | None of these |
| Answer» B. II and III | |
| 8. |
The benefit of ATMs for customers |
| A. | Provide 24 X 7 and 365 days a year service |
| B. | Provide error free service |
| C. | Allow privacy in transactions |
| D. | a and b |
| E. | All of the above |
| Answer» F. | |
| 9. |
Aadhaar enabled basic types of banking transactions are |
| A. | Cash withdrawal |
| B. | Cash deposit |
| C. | Balance enquiry |
| D. | a and b |
| E. | All of these |
| Answer» F. | |
| 10. |
Which of the following banks has opened the country's first, 'Cash Factory' in Lucknow which will issue currency notes to all its branches and ATM in that area? |
| A. | Bank of India |
| B. | Bank of Baroda |
| C. | State Bank of India |
| D. | Union Bank of India |
| E. | None of these |
| Answer» D. Union Bank of India | |