Banking Awareness – 2020 for IBPS, RBI, SBI, NABARD and other Bank Examinations


51. What is the maturity period of Treasury Bill?

[A] 91 Days
[B] 364 Days
[C] Both (a) and (b)
[D] None of these

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52. Which one is not a finance company?

[A] Hire-purchase finance company
[B] Mutual Benefit finance companies
[C] IRDA
[D] Loan companies

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53. Consider the following statements and identify the right ones. i. Deposits are created by banks and financial institutions. Ii. They constitute the major source of money supply in India.

[A] I only
[B] II only
[C] Both
[D] none

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54. PIN stands for which of the following?

[A] Permanent Identity Number
[B] Portable Identification Number
[C] Permanent Identification Number
[D] Personal Identification Number

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55. UnionPay debit card is concerned with which among the following country?

[A] China
[B] Nepal
[C] Pakistan
[D] None of The Above

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56. In pension plans for employees, special account through which funds are remained nontaxable until employee retires is classified as?

[A] Keogh retirement account
[B] vesting account
[C] portability account
[D] individual retirement account

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57. The Lead Bank Scheme was finalised to adopt a which of the following for intensive development?

[A] Town
[B] District
[C] State
[D] Village

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58. Which of the statements given above is/are correct? 1. It is applicable in both urban and rural areas. 2. Eradication of unemployment is one of its objectives.

[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2

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59. Which of the following were the objectives of Lead Bank scheme?

[A] Eviction of unemployment and under employment.
[B] Survival growth in the living map for the poorest of the poor.
[C] Some basic needs arrangements included in poor sections of the society.
[D] All of the above

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60. Which one of the is PMJDY related to?

[A] Financial inclusion
[B] Bank
[C] Literacy
[D] Female education

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