Dear Aspirants,
Banking Awareness for Dena Bank PO Exam 2018
With the increased competition in the field of banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness Quiz not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.
Q1. RTGS is a faster mode of money transfer within the country. What is the full form of RTGS?
(a) Real Time Gross Solution
(b) Real Time Gross Settlement
(c) Real Transfer Gross Solution
(d) Ready Transfer Gross Settlement
(e) None of the given options is true
Q2. Which technology initiative has enabled the concept of ‘any time anywhere’ banking in India?
(a) MICR technology
(b) Core banking solutions
(c) Biometric cards
(d) Cheque truncation
(e) None of the given options is true
Q3. Third party usage of ATMs has been restricted to the certain number of withdrawals/balance enquiries per month. What does it mean?
(a) Only card holders can use ATMs and not their representatives
(b) Use of ATMs of all banks restricted to specified number
(c) Customer of one bank can use ATMs of other banks upto a specified number without any charge
(d) ATMs of other banks can be used within a limit on payment of fees
(e) None of the given options is true
Q4. Currently, banks claim that they have achieved 100% CBS. What are they referring to?
(a) It means all their branches are technology driven with core banking solutions
(b) It suggests complete banking services
(c) It is an indication of customized banking services
(d) All of the above
(e) None of the given options is true
Q5. RBI has made it compulsory for banks to print the MICR and IFSC code on the passbook of the customers. What is this IFSC code?
(a) Internet financial system code
(b) Indian financial system code
(c) Indian financial structure code
(d) International financial system code
(e) None of the given options is true
Q6. In what way knowing this IFSC code helps the bank customer?
(a) This is necessary in electronic payment transfers
(b) The code identifies every bank branch in the country
(c) This is necessary while making formal complaints
(d) Both (a) and (b)
(e) None of the given options is true
Q7. SBI has launched a new product Mobi Cash which is a mobile wallet. What is this mobile wallet?
(a) It is a electronic purse
(b) It is a facility of payment while traveling
(c) Meant for overseas payments
(d) It is a prepaid account with a mobile phone
(e) None of the given options is true
Q8. Tata group has launched e-commerce portal for its retail brand. What is e-commerce?
(a) It is business in electronics
(b) Shops selling electronic goods on the internet
(c) Business done on the internet
(d) All of the above
(e) None of the given options is true
Q9. National Financial Switch is an important element in card payments. How would you describe it?
(a) It enables payments through the ATM machine
(b) It is the terminal at merchant establishments
(c) It is releases the receipts for cash transactions at ATM machines
(d) All of the above
(e) None of the given options is true
Q10. Which of the following can be considered as plastic money?
(a) Travelers cheque
(b) Credit card
(c) Mobile wallet
(d) Polymer notes
(e) None of the given options is true
We will be updating the detailed solutions shortly...
- http://www.bankersadda.com/2018/05/banking-awareness-questions-for-dena-bank-po-2018.html
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