IBPS RRB PO Banking Awareness Questions, IBPS Clerk Mains Quiz

__________ An asset, including a leased asset, becomes non­ performing when it ceases to generate income for the bank.

NPA stands for-

MUDRA is a financial institution has been set up by Government of India for development and refinancing micro-units’ enterprises. What is the meaning of “A” in MUDRA?

MUDRA stands for-

India was one of the first in Asia to recognize the effectiveness of the EPZ model in promoting exports. EPZ stands for-

The concept of insuring deposits kept with banks received attention for the first time in the year ___________ after the banking crises in Bengal.

The Deposit Insurance Corporation (DIC) Bill was introduced in the Parliament on August 21, 1961. After it was passed by the Parliament, the Bill got the assent of the President on December 7, 1961, and the Deposit Insurance Act, 1961 came into force on January 01st-

The Reserve Bank of India was promoted a public limited company on January 14th 1971, named the CGCI. What was the meaning of first “C” in CGCI?

The DIC Bill was introduced in the Parliament on August 21st, 1961. What is the meaning of “D” in DIC?

DICGC stands for-

______________ is basically charged when a person uses a credit card to obtain cash.

Which is an interest-free period that is to be given by a creditor to the debtor?

________ is a cheque rather an amount of cheque, which is above the balance available in the account of the payer.

A cheque for a fixed amount that may be cashed or used in payment abroad after endorsement by the holder’s signature is known as ___________

Which of the following is not a measure of the Risk Management in Banks?