IBPS CLERKS CWE GENERAL AWARENESS MODEL PRACTICE MCQs

1. An Institution whose principle business is accepting deposits and forwards the Loans is called?
1) Bank
2) Mutual Fund Business
3) Ombudsman
4) Company
5) None

2. The chief activities of bank do not include?
1) Providing loans
2) Accepting deposits
3) Providing lockers
4) Issuing Negotiable instruments
5) Selling Real Estate properties

3. Chief functions of banks do not include?
 1) Accepting Cheque in the form of deposit
2) Allowing the transfer of funds
3) Doing agriculture activity
4) Providing foreign exchange
5) None

4. Which of the following term do not represent any part of the Banking Technology?
1) NEFT
2) RTGS
3) ITC
4) CBS
5) M - Banking



5. Payment and Settlement Systems Act passed in?
1) 2007
2) 2001
3) 2010
4) 2000
5)1991

6. The MICR cheque details given. Pick the wrong statement.
 1) MICR means Magnetic Ink Character
2) MICR introduced to increase the standards of the cheques
3) MICR issued by bank
4) In the MICR portion, the customer not allowed to write anything
5) None

7. The MICR cheque details given. Pick the incorrect one.
1) In the MICR cheques, MICR bears 9 digits
2) First 3 digits represent city name/ district name etc.
3) Next 3 digits represent bank name
4) Last 3 digits represent branch code
5) MICR cheques increase the counterfeit cheques

8. ECS means?
1) Electronic Clearing Style
2) Electronic Clean Scheme
3) Electrical Clearing Scheme
4) Electronic Close Scheme
5) Electronic Clearing Scheme

9. SFMS means?
1) Structured Financial Mean Solution
2) Single Financial Messaging Solution
3) Simple Financial Messaging Solution
4) Structured Financial Messaging Solution
5) Structured Financial Messaging SMS

10. INRFS means?
 1) Indo-NRI Remittance Facility Scheme
2) Indo-Nepal Remittance Force Scheme
3) Indo-Nepal Rule Facility Scheme
4) Indo-Nepal Remittance Facility Scheme
5) Indo-Netherlands Remittance Facility Scheme

ANSWERS:
1-1; 2-5; 3-3; 4-3; 5-1; 6-5; 7-5; 8-5; 9-4; 10-4;