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BANK PO GENERAL AWARENESS
BANK PO GENERAL AWARENESS MOCK TEST SET 1
January 11, 2016
0

1. Which of the following statements is true?

1) Banks cannot accept demand and time deposits from public.
2) Banks can accept only demand deposits from public
3) Banks can accept only time deposits from public
4) Banks can accept both demand and time deposits from public.
5) Banks can accept demand and time deposits only from government.

Answer

4

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2. Interest payable on savings bank accounts is

1) not regulated by RBI.
2) regulated by State Governments.
3) regulated by Central Government.
4) regulated by RBI.
5) regulated by Finance minister

Answer

4

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3. Which of the following is a correct statement?

1) State Bank of India is the sole authority to issue and manage currency in India.
2) A nationalised bank is the sole authority to issue and manage currency in India.
3) A cooperative bank is the sole authority to issue and manage currency in India.
4) RBI is the sole authority to issue and manage currency in India.

Answer

4

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4.. Accounts are allowed to be operated by cheques in respect of

1) Both savings bank accounts and fixed deposit accounts
2) Savings bank accounts and current accounts
3) Both savings bank accounts and loan accounts
4) Both savings bank accounts and cash accounts only
5) Both current accounts and fixed deposit accounts

Answer

2

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5. The usual deposit accounts of banks are
1) Current accounts, electricity accounts and insurance premium accounts
2) Current accounts, post office savings bank accounts and term deposit accounts
3) Loan accounts, savings bank accounts and term deposit accounts
4) Current accounts, savings bank accounts and term deposit accounts
5) Current bill accounts and term deposit accounts

Answer

4

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6. Fixed deposits . and recurring deposits are

1) repayable after an agreed period.
2) repayable on demand.
3) not repayable.
4) repayable after death of depositors.
5) repayable on demand or after an agreed period as per bank’s choice.

Answer

1

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7. Which of the following is not a Millennium Goal set by the UNO?
1) eradicate extreme poverty and hunger
2) reduce child mortality
3) ensure environmental sustainability
4) combat terrorism and bring people in main stream of society
5) to achieve universal primary education

Answer

4

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8. Financial inclusion means provision of

1) financial services, namely, payments,remittances, savings, loans and insurance at affordable cost to persons not yet given the same.
2) ration at affordable cost to persons not yet given the same.
3) house at affordable cost to persons not yet given the same.
4) food at affordable cost to persons not yet given the same. .
5) education at affordable cost to persons not yet given the same

Answer

1

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9. Which of the following is known as cross-selling by Banks?
(A) Sale of a debit card to a credit card holder
(B) Sale of Insurance policy to a depositor
(C) Issuance of cash against cheque presented by a third party

1) Only (A)
2) Only (B)
3) Only (C)
4) Both (A) and (C)
5) All (A), (B) and (C)

Answer

5

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10. Which of the following states became the first state in the country to launch RBI’s e-payment system for commercial tax payers”
l) Andhra Pradesh
2)Kerala
3)Gujarat
4) Maharashtra
5) Kamataka

Answer

5

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