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Business GK

Description: Banking General Knowledge Test Preparation and also Useful for UPSC, DSSB, Bank PO, SSC, and Other Competitive Entrance Exams Preparation and Practice Material
Number of Questions: 25
Created by:
Tags: General Knowledge Business GK Economy GK Companies, Brand names/ Products General Awareness Simple and Compound Interest Triangles Triangle Properties Geometric Progression Properties of Numbers
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Which of the following conducts Shared Payment Network System (SPNS)?

  1. Reserve Bank of India

  2. State Bank of India

  3. Indian Banks' Association

  4. National Institute of Bank Management

  5. None of these


Correct Option: C
Explanation:

Indian Banks' Association conducts Shared Payment Network System (SPNS).

Which is the first public sector bank that was included in Master Card ATM Network?

  1. Corporation Bank

  2. State Bank of India

  3. Canara Bank

  4. Bank of Baroda


Correct Option: C

India Switch Company, which managed IBA's SWADHAN Network, has managed a new Network. What is the name of this new network?

  1. BANCS

  2. BANCASSURANCE

  3. BANKMASTER

  4. BANK PLUS


Correct Option: A

Shared ATM Network among Punjab National Bank, UTI Bank, Oriental Bank of Commerce and Indian Bank is called

  1. MITR

  2. Fast ATM

  3. CBS

  4. Wide ATM


Correct Option: A
Explanation:

 MITR is a Multi lateral ATM Network Sharing arrangement of 6 member Banks in India. It came into existence on 8 October 2003 with 5 member Banks.

Which is the first bank to introduce National Electronic Fund Transfer (NEFT) scheme?

  1. State Bank of India

  2. Canara Bank

  3. Corporation Bank

  4. Bharat Overseas Bank


Correct Option: A

Which is the first public sector bank to provide ATM facility independently?

  1. State Bank of India

  2. Corporation Bank

  3. Dena Bank

  4. Bank of Baroda

  5. Punjab National Bank


Correct Option: A
Explanation:

 State Bank of India is the first public sector bank to provide ATM facility independently.

Which ATM network is sponsored by Indian Banks' Association?

  1. ATM Net

  2. RBI Net

  3. SWADHAN

  4. Bank Net

  5. None of these


Correct Option: C

The Indian company that manufactures automobiles for Mitsubishi is

  1. Tata Motors

  2. Bajaj Tempo

  3. Mahindra

  4. Hindustan Motors


Correct Option: D

Which of the following statements is incorrect in respect of an ATM?

  1. A person can withdraw upto Rs 3000 per day from an ATM.
  2. Two or more banks can jointly establish an ATM.
  3. Through an ATM, the amount can be withdrawn at any day and at any time.
  1. 1

  2. 1 and 2

  3. 1, 2 and 3

  4. None of the above


Correct Option: A

Which is the first bank to introduce Floating ATM facility in India?

  1. State Bank of India

  2. ICICI Bank

  3. Corporation Bank

  4. UTI Bank


Correct Option: A

Which is the first bank to establish more than 5000 ATMs in India?

  1. State Bank of India

  2. Punjab National Bank

  3. Central Bank of India

  4. ICICI Bank


Correct Option: A

Which is the first bank that has installed an ATM at Thegu (a place that is 13200 feet high from sea level), near Nathula Pass of Sikkim?

  1. ICICI Bank

  2. State Bank of India

  3. Corporation Bank

  4. UTI Bank


Correct Option: D

Five public sector banks have jointly introduced ATM Network Cash Online Services under which a customer of any of these five banks can transact from any ATM of another banks of the group. Four of these banks are Canara Bank, Union Bank of India, Central Bank of India and UCO Bank. Which is the fifth bank of the group?

  1. Bank of Baroda

  2. Indian Overseas Bank

  3. Corporation Bank

  4. Punjab National Bank


Correct Option: B

Where was India's first Drive-in ATM established by State Bank of India?

  1. Mumbai

  2. Hyderabad

  3. Bangalore

  4. New Delhi


Correct Option: B

What is the new name of shared payment network facility that is being provided jointly by Development Credit Bank, IDBI Bank, UTI Bank, Citi Bank, Standard Chartered Bank and Corporation Bank?

  1. CASHNET

  2. SHARENET

  3. EURONET

  4. SAFETYNET


Correct Option: A

What are Hot Listed ATM Cards?

  1. Lost cards

  2. Vishwa Yatra cards

  3. American Smart Cards

  4. Cards issued by Corporates


Correct Option: A

Where did State Bank of India establish its first floating ATM, Jhankar Boat?

  1. Gateway of India—Kovlam

  2. Kovlam—Rameshwar

  3. Ernakulam—Vyapin (Kochchi)

  4. Thiruvanantpuram—Chennai


Correct Option: C

Which of the following is not a web browser?

  1. Firefox

  2. Eudora

  3. NetScape

  4. Picasa


Correct Option: D

How many centres in India do operate Electronic Fund Transfer system?

  1. 4

  2. 8

  3. 10

  4. 15


Correct Option: D

What is the time limit for transfer of money under 'Electronic Fund Transfer'?

  1. 24 hours

  2. 36 hours

  3. 48 hours

  4. 60 hours


Correct Option: A

Which bank has proposed to introduce lowcost ATMs in rural areas supported by biometric authentication i.e. through finger print identification?

  1. State Bank of India

  2. Punjab National Bank

  3. ICICI Bank

  4. Corporation Bank


Correct Option: C

In which year was Electronic Fund Transfer system launched as pilot basis, between Mumbai and Chennai?

  1. 1994

  2. 1996

  3. 1998

  4. 2000


Correct Option: A

Which is the first nationalised bank to provide mobile ATM Facility in India?

  1. ICICI Bank

  2. Andhra Bank

  3. Corporation Bank

  4. Canara Bank


Correct Option: B

What is the maximum amount per transaction under 'Electronic Fund Transfer' Scheme?

  1. Rs. 1 crore

  2. Rs. 2 crore

  3. Rs. 5 crore

  4. No limit


Correct Option: D

Electronic Fund Transfer is a service of money transfer�

  1. From one city to another but in the branch of same bank.
  2. From one branch of a bank in a city to another branch in the same city.
  3. From one bank to another bank and from one branch of a bank in a city to other branch of another bank in another city.
  1. 1

  2. 2

  3. 1 and 2

  4. 1, 2 and 3


Correct Option: D
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