Banking Awareness Financial Awareness & Current Affairs for IBPS PO CLERK RBI AND All Other banks Questions with Answers

31) Who are eligible for support by SIDBI under the MSERefinance Scheme (MSERS) ?
a) Scheduled Banks (including State Cooperative Banks, Urban Co-operative Banks
b) Private Sector Banks, and Foreign Banks etc.
c) Select Financial Institutions are eligible for support by SIDBI
d) Regional Rural Banks
e) All the above

View Answer
e) All the above

32) Who are eligible for SIDBI Foundation for Micro Credit (SFMC)?
a) Registered entities including Societies/ Trusts/ Companies/.
b) Section 8 Companies/NBFC-MFIs/
c) Banks as well as national/ state level institutions set up exclusively for providing financial assistance to vulnerable/ underprivileged sections of the society
d) All the above
e) None of these

View Answer
d) All the above e) None of these

33) Who are the parties to the NEFT system ?
a) Sending bank/sending service centre
b) NEFT clearing centre
c) Receiving service centre
d) Beneficiary branch
e) All the above

View Answer
e) All the above

34) What is Debit card ?
a) It is a mobile purse
b) Automatically debits card holder’s account
c) Allows withdrawal upto credit balance in the account
d) All the above
e) None of these

View Answer
d) All the above

35) What are the main components in mobile transaction architecture?
a) User: means client requesting for service
b) Device : means mobile – device which connects the client
c) Mobile transaction provider : means cellular operator or a bank or a combination of both
d) All the above
e) None of these

View Answer
d) All the above
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