IBPS PO Practice Questions — All Questions

The central bank of India is the:

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

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

'KYC' in banking stands for:

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

KYC (Know Your Customer) verifies customer identity.

A cheque that has crossed its validity period is called:

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

A cheque past its validity is a stale cheque.

NEFT and RTGS are systems used for:

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

NEFT and RTGS are electronic funds-transfer systems.