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


61. Which of the following is also known as Additional State Pension?

[A] Basic state pension
[B] State First Related Pension
[C] State Earnings-Related Pension
[D] None of the above

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62. What is the basic aim of Lead Bank Scheme?

[A] big banks should try to open offices in each district
[B] there should be stiff competition among the various nationalized banks
[C] individual banks should adopt particular districts for intensive development
[D] all the banks should make intensive efforts to mobilize deposits

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63. 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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64. What is/are the main aim of financial inclusion?

[A] to maintain a certain quantity of liquid assets with themselves at any point of time of their total time and
[B] to control money supply in the economy
[C] to provide basic banking services to all section of society in urban areas or rural areas at affordable cost
[D] Both A and B

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65. Which of the following is not true regarding Financial Inclusion plan?

[A] Simplified KYC norms for accounts opening
[B] Mandatory branches in unbanked villages
[C] BSBDA accounts with minimum balance criteria
[D] Micro branches to be opened in rural area

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66. How much percent of SHG consists exclusively of women?

[A] 90%
[B] 50%
[C] 80%
[D] 60%

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67. The term ATM stands for which of the following?

[A] Automatic teller machine
[B] Automated teller mechanism
[C] Automated teller machine
[D] None of the above

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68. Which of the following is related to ATMs?

[A] Branches of banks
[B] manned counters of banks
[C] Unmanned cash dispensers
[D] None of these

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69. Which of the following deposit accounts caters to professionals and businessmen alike?

[A] Fixed Deposit Account
[B] Savings Bank Account
[C] Recurring Account
[D] Current Account

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70. What is Bancassurance?

[A] an insurance scheme to insure bank deposits
[B] an insurance scheme exclusively for the employees of banks
[C] a composite financial service offering both bank and insurance products
[D] a bank deposit scheme exclusively for employees of insurance companies

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