banking, security market & insurance section 2 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 26 [Bihar J.Service 2016]

Which of the following is the first bank to tie up with Indian railways to sell rail tickets through its web site?

a) Axis Bank Ltd.

b) ICICI Bank

c) State Bank of India

d) Punjab National Bank

Answer: (b)

ICICI Bank has tied up with railway’s e-ticketing platform IRCTC to sell rail tickets through its website.

Question : 27 [BOM-PO 2016]

The first Indian Bank to introduce ‘Smart Vault’, a fully automated locker facility using robotic technology to access lockers from the stafe vault is

a) HDFC Bank

b) Federal Bank

c) IDBI Bank

d) ICICI Bank

Answer: (d)

ICICI, the first Indian bank has launched “Smart Vault” a fully automated locker facility using robotic technology to access lockers (available 24x7, including weekends and after banking hours.) from state vault.

Question : 28 [IDBI 2016- 2017]

Section 2 of ‘The Coinage Act, 2011’ clarifies that the term ‘Coin’ does ‘not’ include

a) Government of India One Rupee Note

b) Commemorative coin issued by Reserve Bank of India

c) Postal order or ‘p-money’ issued by any bank or post office

d) Coins made of any other material stamped by Government

Answer: (c)

According to Section 2 of the Coinage Act, 2011, a “Coin” does not include the credit card, debit card, postal order and money issued by any bank, post office or financial institution.

Question : 29

NABARD was established in the

a) Sixth Five Year Plan

b) Fifth Five Year Plan

c) Fourth Five Year Plan

d) Eighth Five Year Plan

Answer: (a)

It was established on 12 July 1982 in the sixth five-year plan by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non-farm sector.

Question : 30 [BOM-PO 2016]

The Depositor Education and Awareness Fund (DEAF) is maintained with

a) Life Insurance Corporation

b) NABARD

c) Reserve Bank of India

d) State Bank of India

Answer: (c)

Reserve Bank has established a Fund to be called the Depositor Education and Awareness Fund (DEAF) referred to in Section 26A of the Act.

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1294 banking security market insurance MCQ section 2 question answer with explanation pdf

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