IBPS PO Practice Questions — All Questions

The central bank of India is the:

• a.State Bank of India
• b.World Bank
• c.Reserve Bank of India✓
• d.NABARD

The Reserve Bank of India (RBI) is India's central bank.

'KYC' in banking stands for:

• a.Know Your Credit
• b.Keep Your Cash
• c.Key Yearly Check
• d.Know Your Customer✓

KYC (Know Your Customer) verifies customer identity.

A check that has crossed its validity period is called:

• a.A stale check✓
• b.A bearer check
• c.A crossed check
• d.A traveller's check

A check past its validity is a stale check.

NEFT and RTGS are systems used for:

• a.Printing currency
• b.Auditing
• c.Loan approval
• d.Electronic funds transfer✓

NEFT and RTGS are electronic funds-transfer systems.