Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017

Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017:

Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS Exams 2017 can make use of it.

1). What does S stands for in SWIFT?

1).Society for Worldwide Interbank Financial Telecommunication code. An internationally-recognized identification code for banks around the world.
Answer: C

2). SWIFT code is developed by -------------------------

2).
Answer: B

3). SWIFT code consists of how many digits?

3). It is an 8 or 11 digit code.
Answer: E

4). 4. In SWIFT code first four digits represents ----------------------

4).
Answer: B

5).5. In SWIFT code last three digits represents ---------------------

5). First four: bank code; Next two: country code; Next two: location code; Last three: branch code (optional).
Answer: D

6). What does S stands for in IFSC?

6). IFSC - Indian financial system code
Answer: D

7). IFSC codes are used in --------------------

7). It is used only in India while transferring money through RTGS OR NEFT.
Answer:D

8). IFSC code is developed by --------------------------

8).
Answer: D

9). IFSC code consists ------------------ digits.

9).
Answer: D

10). In IFSC code first four digits represents ---------------------------

10).
Answer: A

11). In IFSC code last six digits represents ------------------------------

11). First four: bank code; Fifth one: 0 (always); Last six: branch code.
Answer: B

12). What does R stands for in MICR?

12). MICR stands for Magnetic Ink Character Recognition.
Answer: C

13).MICR code consists --------------------- digits.

13).
Answer: C

14). MICR code was introduced by -------------------

14). MICR Code is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques.
Answer: B

15). The first three digits of MICR code represents -----------------------

15).
Answer: C

16). The second three digits of MICR code represents -----------------------

16). The last three digits represents branch code.
Answer: A

17). What does I stands for in IBAN?

17). International Bank Account Number (IBAN) is your account number and sort code written in a standard, internationally recognized format. They help us to process your international payments automatically, making them faster, safer and cheaper.
Answer: B

18). What does I stands for in MMID?

18). MMID - Mobile Money Identifier
Answer: B

19). MMID consists ------------------------- digits.

19).
Answer: B

20). Basic Statistical Returns (BSR) code is used by the Income Tax department in order to identify a bank branch for submission of IT returns to the RBI. BSR consists ----------- digits.

20).
Answer: A