Banking Awareness Questions Quiz

Dear Readers, Banking Awareness Questions play important role in Banking exams. Around 50-60% of questions come from Banking Awareness which includes recent Banking updates also.

Banking Awareness Quiz for IBPS PO, Clerk, SBI PO,Clerk, IBPS RRB PO, Clerk, RBI Assistant and Other competitive exams.

1. Budget is an instrument of -
1) Commercial policy of the government
2) Fiscal policy of the Government
3) Monetary policy of the government
4) Money-saving policy of the government
5) None of these

2. CRR refers to the share of _____ that rural banks have to maintain with RBI of their net demand and time liabilities ?
1) Liquid cash
2) Gold
3) Forex reserves
4) Illiquid cash
5) None of these

3. The securities that the Banks purchase with the intention of keeping them till they mature, fall in which of the following categories ?
1) Held till maturity
2) Fixed securities
3) Fixed time securities
4) Permanent securities
5) None of these

4. Free shares of stock given to share holders at present, based upon the number of shares that a share holder owns are:-
1) Right issues
2) Bonus shares
3) IPO
4) Preferential shares
5) None of these

5. Which among the following is the first universal bank of India?
1) HDFC
2) Axis Bank
3) ICICI
4) Federal Bank
5) None of these

6. A debit card holder cannot perform which of the following functions?
1) Make Point of Sale (POS) purchase
2) Recharge pre-paid mobile phones
3) Pay Life insurance premium
4) Make donation
5) None of the above

7. Which of the following is the best option to park money for a long period of time to earn a high rate of interest?
1) Savings account
2) Current account
3) Deposit account
4) Recurring account
5) None of these

8.Which of the following is not classified as a commercial Bank ?
1) Regional Rural Bank
2) Private Sector Bank
3) Foreign Bank
4) Co-operative Bank
5) None of these

9. Credit risk to the bank is high from which of these card ?
1) ATM cards
2) Debit cards
3) Credit cards
4) All of these
5) None of these

10. Mortgage is a -
1) Security on immovable property for a loan given by a bank
2) Security on movable property for a loan given by a bank
3) Security on immovable property for a deposit received by a bank
4) Concession on immovable property for a loan given by a bank
5) None of these

Answers
1-2
2-1
3-1
4-2
5-3
6-5
7-3
8-4
9-3
10-1

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