Banking awareness quiz for upcoming IBPS exams :-
Q1. A scheduled bank must be:
Q2. Financial assistance for a sum of Rs. 5,000 can be called as:
Q1. A scheduled bank must be:
a) Company incorporated by any law in force in any place in India.
b) An institution notified by GOI.
c) A company as defined by Companies Act, 2013.
d) All of the Above
e) None of These
Q2. Financial assistance for a sum of Rs. 5,000 can be called as:
a) Short Term Money
b) Little Finance
c) Micro Finance
d) Small Finance
e) None of These
Q3. An index of financial inclusion has been launched for first time in 2008 by:
e) None of These
Q4. ICRIER stands for:
a) International Council on Research in Economic References
b) Indian Career Research Institute in Economic Relation
c) Indian Council for Research on International Economic Relations
d) International Coverage on Research Institute for Economic Rates
e) None of These
Q5. Which of the following is a third party product often sold by banks:
a) Gift cheques
b) Credit cards
c) Debit cards
d) Mutual funds
e) None of These
Q6. FD in commercial bank can be done for maximum period of:
a) 10 Years
b) 15 Years
c) No Limit
d) 9 Years
e) None of These
Q7. Which of the following happened to be the first private bank in India to receive an in-principle approval from RBI?
a) HDFC Bank
b) ICICI Bank
c) Yes Bank
d) United Western Bank
e) None of These
Q8. KYC policy has been actually innovated by:
a) Fed Reserve of USA
b) Basel committee
d) GOI, Ministry of Finance
Q9. FDI stands for:
a) Foreign Development in India
b) Frequent Direct Investment
c) Foreign Direct Investment
d) Financial Development In India
e) None of These
Q10. Reduction in general level of prices in an economy is known as:
a) Inflation
b) Shortage of Goods
c) Deflation
d) Supply Shortage
e) None of These
Q11. A general increase in prices and fall in the purchasing value of money:
a) Poverty Increment
b) Deflation
c) Inflation
d) Increased Goods Supply
e) None of These
Q12. FII stands for:
a) Foreign Investment Index
b) Foreign Institutional Investor
c) Federation of Investment in India
d) Federation of International Investment
e) None of These
Q13. SEBI is a:
a) Statutory Body
b) Constitutional Body
c) Advisory Body
d) Non Statutory Body
e) None of These
e) None of These
Q14. _____is the rate of interest which is levied on long term loans and advances taken by commercial banks from RBI:
a) Reverse Repo Rate
b) Fixed Interest Rate
c) Bank Rate
d) Repo Rate
e) None of These
Q15. The amount of cash funds that the banks have to maintain with RBI is known as:
a) Repo Rate
b) Cash Reserve Ratio
c) Base Rate
d) Mortgage Rate
e) None of These
Q16. Reserve Bank of India was nationalized in:
e) None of These
Q17. Those amounts due to vendors or suppliers that must be paid within one year is known as:
a) Loan Advances
b) Accounts Payable
c) Creditors
d) Debtors
e) None of These
Q18. The maximum compensation by Banking Ombudsman for a complaint is:
a) Rs.1 lakh
b) Rs.2 lakh
c) Rs.5 lakh
d) Rs.10 lakh
c) Rs.5 lakh
d) Rs.10 lakh
e) None of These
Q19. Which of the following Cheque is not honoured by the bank?
a) Stale Cheque
b) Crossed Cheque
c) Self Cheque
d) Open Cheque
b) Crossed Cheque
c) Self Cheque
d) Open Cheque
e) None of These
Q20. Banking comes under:
a) Agriculture Sector
b) Rural Sector
c) Service Sector
d) Finance Sector
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