Financial Awareness MCQ Capsule 2

Dear Sehpaathians

We are here with Financial/Banking Awareness MCQ Capsules for upcoming banking exams of SSC and IBPS. Each capsule consists of 50 questions sets and you can expect as many as 20 such capsules from us. Our capsules cover all the segments of banking covered in competitive examinations and will be sufficient to attempt over 80% banking related questions in the examination.

A quick Preview

1. NEFT means?
a) National Electronic Funds Transfer
b) Negotiated Efficient Fund Transfer system
c) National Efficient Fund Transfer solution
d) Non Effective Fund Transfer system
e) Negotiated Electronic Foreign Transfer system.

2. Distribution of insurance products and insurance policies by banks as corporate agents is known as?
a) General insurance
b) Non life insurance
c) Bancassurance
d) Insurance Banking
e) Deposit Insurance

3. In respect of partnership business, LLP stands for:
a) Local Labour Promotion
b) Low Labour Projects
c) Limited Loan Partnership
d) Longer Liability Partnership
e) Limited Liability Partnership

4. What is a stale cheque?
a) A cheque issued without drawer’s signature.
b) A cheque with only signature of the drawer.
c) A cheque which has completed 3 months from the date of its issue.
d) Any one of the above.
e) None

5. Interest on savings bank account is now calculated by banks on?
a) Minimum balance during the month
b) Minimum balance from 7th to last day of the month
c) Minimum balance from 10th to last day of the month
d) Maximum balance during the month
e) Daily product basis

Read Here or Financial/Banking Awareness Capsule 1