Banking Quiz for Canara Bank and Syndicate Bank PO Exam 2018

Dear Aspirants,

Banking Quiz for Canara Bank and Syndicate Bank PO Exam 2018

Banking Awareness for Canara Bank PO

With the increased competition in the field of banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.

Q1. What is the minimum balance should be, in a Cheque account of Post Office Saving Schemes?
(a) Rs 2500
(b) Rs 500
(c) Rs 1000
(d) Rs 2000
(e) Rs 1500

Q2. What is the advantage of sending money to someone through money order?
(a) The money is delivered at his/her siblings's house only.
(b) The money is delivered at his/her birthplace only.
(c) The money is delivered at his/her Native Land only.
(d) The money is delivered at the house or his/her place of stay.
(e) None of the given options is true

Q3. A ____________ is the person named in money order as the person to whom the money is to be paid.
(a) payee
(b) drawer
(c) banker
(d) drawee
(e) lender

Q4. What is the minimum balance should be, in a non-Cheque account of Post Office Saving Schemes?
(a) Rs 100
(b) Rs 150
(c) Rs 50
(d) Rs 500
(e) Rs 300

Q5. IMO of India Post is the instant on-line money transfer service that is convenient, reliable and affordable. IMO stands for-?
(a) Indian Money Order
(b) Initial Money Order
(c) Invest Money Order
(d) Instant Management Order
(e) Instant Money Order

Q6. What is the Minimum Amount for opening of account that can be retained of 5-Year Post Office RD Account?
(a) 10/- per month
(b) 50/- per month
(c) 100/- per month
(d) 5/- per month
(e) 1/- per month

Q7. RD Account stands for-
(a) Resident Deposit Account
(b) Recurring Deposit Account
(c) Regional Deposit Account
(d) Regular Deposit Account
(e) Repayment Deposit Account

Q8. What is the maximum balance of account that can be retained of 5-Year Post Office RD Account?
(a) 10 lakh
(b) 1 crore
(c) No limit
(d) 1 lakh
(e) 50 lakh

Q9. What is the interest rate of Post Office RD Account (As on 01st January 2018)?
(a) 6.1% per annum (quarterly compounded)
(b) 6.3% per annum (quarterly compounded)
(c) 6.5% per annum (quarterly compounded)
(d) 6.9% per annum (quarterly compounded)
(e) 6.7% per annum (quarterly compounded)

Q10. What is the silent features of 5-Year Post Office RD Account?
(a) Account can be opened by cash / Cheque and in case of Cheque the date of deposit shall be date of presentation of Cheque.
(b) Nomination facility is available at the time of opening and also after opening of account.
(c) Account can be transferred from one post office to another.
(d) Account can be opened in the name of minor and a minor of 10 years and above age can open and operate the account.
(e) All of the given options are the silent features of 5-Year Post Office RD Account

Q11. Each subscriber under APY shall receive a Central Government guaranteed minimum pension of- 
(a) Rs. 2000 per month
(b) Rs. 3000 per month
(c) Rs. 4000 per month
(d) Rs. 1000 per month
(e) Rs. 5000 per month

Q12. What is the Minimum Amount for opening of account that can be retained of Post Office Time Deposit Account?
(a) INR 200/.
(b) INR 1000/.
(c) INR 1200/.
(d) INR 1500/.
(e) INR 2000/.

Q13. What is the interest rate of Post Office 5 years Time Deposit Account (As on 01st January 2018)?
(a) 7.7%
(b) 7.3%
(c) 7.4%
(d) 7.1%
(e) 7.9%

Q14. All resident individuals is eligible to open a MIS account in single/joint name/s. MIS stands for-
(a) Monthly Investment Scheme
(b) Monthly Income Service
(c) Monthly Installment Scheme
(d) Money Income Scheme
(e) Monthly Income Scheme

Q15. What is the Maximum investment limit in single account of Post Office MIS Account?
(a) Rs 6.00 lakh 
(b) Rs 4.50 lakh
(c) Rs 9.00 lakh 
(d) Rs 11.50 lakh 
(e) Rs 1.50 lakh