527:Quiz for Bank Exams -3

Quiz for Bank Exams

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15:An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated?

A)Indian Penal Code
B)Negotiable Instruments Act
C)Payment and Settlements Act
D)Criminal Procedure Code

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16:Which of the following is NOT a function of the Reserve Bank of India?:

A)Fiscal Policy Function
B)Exchange Control Functions
C)Issuance, Exchange and destruction of currency notes
D)Monetary Authority Functions

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17: A money deposited at a bank that cannot be withdrawn for a preset fixed period of time is known as a

A)Term deposit
B)Checking Account
C)Savings Bank Deposit
D)No Frills Account

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18:What is the maximum deposit amount insured by DICGC?

A)Rs.2,00,000 per depositor per bank
B)Rs. 2,00,000 per depositor across all banks
C)Rs. 1,00,000 per depositor per bank
D)Rs. 1,00,000 per depositor across all banks

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19. Increased interest rates, as is existing in the economy at present will ......

A) Lead to higher GDP growth
B)Lead to lower GDP growth
C)Mean higher cost of raw materials
D)Mean lower cost of raw materials

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20.Many times we read the term 'ECB' in newspapers. What is the full form' of 'ECB'?

A)Essential Commercial Banking
B)European Credit Borrowing
C)External Credit for Business
D)External Commercial Borrowing

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21.We come across the term 'PPP' in financial news nowadays. What does 'PPP' represent?

A)Personal Percapita Power
B)Private Public Partnership
C)Per capita Potential for Purchases
D)Present Purchasing Power

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