MCQOPTIONS
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MCQOPTIONS
This section includes 60 Mcqs, each offering curated multiple-choice questions to sharpen your Marketing Aptitude knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
CVV is an anti-fraud security feature that helps verify that the customer is in possession of her card. The abbreviation of CVV stands for?[IBPS 2014] |
| A. | Card virtual valuation |
| B. | Confidential virtual verification |
| C. | Card verification value |
| D. | Core virtual value |
| Answer» D. Core virtual value | |
| 52. |
The process that has to be undertaken by banks and other financial institutions to prevent them from being used by criminal elements for money laundering is?[IBPS 2014] |
| A. | Credit monitoring process |
| B. | Credit Rating process |
| C. | KYC process |
| D. | Credit Appraisal process |
| Answer» B. Credit Rating process | |
| 53. |
The process of conversion of a physical cheque into electronic form is known as? [IBPS 2014] |
| A. | Cheque Negotiation |
| B. | Cheque Endorsement |
| C. | Cheque Truncation |
| D. | Cheque Crossing |
| Answer» D. Cheque Crossing | |
| 54. |
In order to promote financial inclusion, the Reserve Bank of India has recently allowed minors to operate bank accounts independently provided their age is above? [IBPS RRB 2014] |
| A. | 14 years |
| B. | 13 years |
| C. | 16 years |
| D. | 10 years |
| Answer» E. | |
| 55. |
NABARD is responsible for regulating and supervising the functions of? |
| A. | Investment and Industrial Finance Banks |
| B. | Cooperative Banks and Regional Rural Banks |
| C. | Corporate Finance and Overseas Bank Units |
| D. | Reserve Bank of India |
| Answer» C. Corporate Finance and Overseas Bank Units | |
| 56. |
A type of fraud where in criminals use an innocent person's details to open or use an account to carry out financial transactions, is known as [IBPS2013] |
| A. | Hacking |
| B. | Money laundering |
| C. | Espionage |
| D. | Phishing |
| Answer» E. | |
| 57. |
A Bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances, is known as? [IBPS 2013] |
| A. | Universal Banking |
| B. | Indirect Bank |
| C. | Door Step Bank |
| D. | Direct Bank |
| Answer» E. | |
| 58. |
Liquidity preference means? [SSC CGL 2004] |
| A. | Desire of the public to hold cash |
| B. | Showing preferences to hold capital assets |
| C. | Showing preferences to hold bonds and securities |
| D. | Refraining from consumption |
| Answer» C. Showing preferences to hold bonds and securities | |
| 59. |
Legal Tender Money" refers to? [SSC SJ. 2005] |
| A. | Cheques |
| B. | Drafts |
| C. | Bill of exchange |
| D. | Currency notes |
| Answer» E. | |
| 60. |
"Dear money" means? |
| A. | Low rate of interest |
| B. | High rate of interest |
| C. | Depression |
| D. | Inflation |
| Answer» C. Depression | |