Banking Awareness Quiz for IBPS

1.  The Holidays for the Banks are declared as per........?
A RBI act
B Banking Regulation Act
C Negotiable Instruments Act
D Companies Act
Ans- C

2. Interest below which a bank is not expected to lend to customers is known as ...?
A Deposit Rate
B Base Rate
C Prime Lending Rate
D bank Rate
Ans- B

3. What does the letter"C" denotes in the term CBS as used in Banking operations?
A Central
B Core
C Commercial
D Capital
Ans- B

4. The Term FTZ stand for......?
A Free trade Zone
B Food trade Zone
C Foriegn Trade one
D Fiscal Trade Zone
Ans- A

5. Excise duty is the tax levied on?
A Production of goods
B Import of goods
C Profits on sale of oods
D None of these
Ans- A

6. A money deposited at a bank that cannot be withdrawn for a period fixed period of time is known as a ......?
A Term Deposit
B Checking Account
C Savings bank deposits
D Current Deposit
Ans- A

7. The term Smart Money refers to?
A Credit cards
B Us Dollars
C Internet Banking
D Foreign currency
Ans- A

8. What does the letter P denote in the term PAN as used in Financial transactions?
A Primary
B Partial
C Provisional
D Permanent
Ans- D

9. The economy in which there is a mixture of public and private sector both is called.....?
A Closed Economy
B Mixed Economy
C Open Economy
D Public Economy
Ans- B

10. Which of the following is a retail banking product?
A Home loans
B Working capital finance
C Corporate term loans
D Export Credit
Ans- A