BANKING QUIZ - 44 FOR IBPS-PO & CLERK EXAM

BANKING QUIZ - 44 FOR IBPS-PO & CLERK EXAM

1. Which private sector bank was earlier known as UTI Bank?

a) HDFC Bank

b) ICICI Bank

c) Axis Bank

d) Yes Bank

2. Where are the headquarters of Federal Bank located?

a) Mumbai

b) Kochi

c) New Delhi

d) Bengaluru

3. In the Money market operations, the item widely accepted is?

(a) Treasury Bills

(b) Certificate of Deposits

(c) Inter Bank Participation Certificates

(d) None of the above

4. What is the full form of 'MUDRA'?

a) Micro-finance Units Development and Regulation Agency

b) Micro Units Development and Refinance Agency

c) Micro and Universal Development Refinance Agency

d) Micro Units Development and Regulation Agency

5.  MUDRA Bank as a wholly owned subsidiary of which institutions?

a) Non-Banking Financial Companies (NBFCs)

b) Commercial Banks

c) Small Industries Development Bank of India (SIDBI)

d) Micro Finance Institutions (MFIs)

6. The process of the total valuation of the financial capital assets of a country is technically known as?

(a) Gross Domestic Resources

(b) Gross Domestic Product

(c) Net wealth of the country

(d) Market Capitalization

7. Which of the following Indian Act has been replaced by the enactment of FEMA in 1999?

(a) Indian Copyright Act

(b) FERA

(c) Indian Patent Act

(d) Both (b) and (C)

8. VAT is imposed on.........?

(a) Directly on consumer 

(b) On final stage of production

(c) On first stage of production

(d) On all stages between production and final stage

9. Which of the following organizations/agencies has established a fund known as ‘Investor protection fund’?

(a) BSE/NSE

(b) NABARD

(c) SEBI

(d) AMFI

10. India has different categories of Commercial Banks. Which of the following is NOT one such category?

(a) Private Banks

(b) Nationalized Banks

(c) Commodity Banks

(d) Co-operative Banks

ANSWER KEY

1.C, 2.B, 3.A, 4.A, 5.C, 6.D, 7.B, 8.D, 9.A, 10.C,

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BANKING QUIZ -43 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -43 FOR IBPS-PO &CLERK EXAM

1. Name the organization which is monitoring Application Tracking System?

1. SEBI

2. Ministry of Broadcasting and Information technology

3. RBI

4. NITI AYOG

5. All of the above

2. A financial transaction and debtor finance in which a business sells its invoices to a third party at a discount is called as___________.

1.  Debtor Transaction

2. Factoring Transaction

3. Assets Transaction

4. Loan Transaction

5. None of the above

3. State Bank of India has launched mobile wallet “State Bank Buddy” with collaboration of which of the following companies?

1. Accenture

2. Infosys

3. Accenture & Master Card

4. Infosys & Rupay Card

5. IBM & Visa Card

4. Name the India’s first automated locker facility with high-end robotic technology?

1. Smart Vault

2. Digital Locker

3. e-Locker

4. Digital Vault

5. Online Locker

5. What is the minimum limit of transaction from contactless cards without personal identification number?

1. Rs 3000

2. Rs 2500

3. Rs 1000

4. Rs 2000

5. Rs 2600

6. Name the bank which has launched contactless debit, credit and multi-currency forex card?

1. HDFC Bank

2. Yes Bank

3. ICICI Bank

4. SBI

5.  Axis Bank

7. When a corporate entity wishes to raise money from the market it can do that by issuing

1. National Savings Certificate

2. Kisan Vikas Patra

3. Treasury Bills

4. Commercial Papers

5. None of the Above

8. Trade Gap means

1. Gap between total imports and total exports

2. Gap between total GDP and total consumption

3. Gap between available liquidity and expected demand in next five months

4. Gap between budgeted revenue collection and actual collection of the same

5. None of the above

9. Which of the following agencies in India is responsible for computation of national income?

1. NCAER

2. RBI

3. NSS

4. CSO

5. None of the Above

10. A “Photo Quote” feature on which of the following banks mobile-banking apps?

1. Axis Bank

2. SBI

3. ICICI Lombard

4. Bank of Baroda

5. Union Bank of India

ANSWER KEY

1.3, 2.2, 3.3, 4.1, 5.4, 6.5, 7.3, 8.1, 9.4, 10.3,

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BANKING QUIZ - 42 FOR IBPS-PO & CLERK EXAM

BANKING QUIZ - 42 FOR IBPS-PO & CLERK EXAM

1. Under which Act are the KYC norms implemented?

A. Prevention of Money laundering Act 2002

B. Foreign Contribution and Regulation Act, 1976

C. SEBI Act 1992

D. Banking Regulation Act, 1949

E. Both (C) and (D)

2. RBI has eased norms in cheque dishonour cases of Rs ______ and above.

A) 50 lakh

B) 10 crore

C) 1 lakh

D) 1crore

E) 5 crore

3. A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________.

A. Off-shore Banking

B. Investment Banking System

C. Merchant Banking System

D. Conventional Banking

E. Shadow Banking System

4. The bank loans under the scheme “Stand Up India” shall be referenced to _______.

A. NABARD

B. SIDBI

C. RBI

D. MUDRA

E. DRDA

5. In SNRR Account, SNRR stands for _________.

A. Single Non Resident Rupee

B. Statutory Non Resident Rupee

C. Statutory Non Reflex Rupee

D. Single Non Resident Rupee

E. Special Non Resident Rupee

6. Bureau of Indian Standards (BIS) has its headquarters in

(A) Mumbai

(B) Kolkata

(C) New Delhi

(D) Bhubaneswar

(E) None of these

7. What is PMI?

(A) Purchasing Managers Index

(B) Purchasing Managers Indian

(C) Prudential Managers Index

(D) Prudential Managers Indian

(E) None of these

8. Banking sector comes under which sector?

(A) Industrial sector

(B) Manufacturing sector        

(C) Realty sector

(D) Services sector

(E) None of these

9. Under which act does RBI issue directives to banks?

(A) Banking Regulation Act, 1949

(B) RBI Act, 1934

(C) DICGC Act, 1961

(D) PMLA Act, 2002

10. Which of the following is an example of world-wide financial messaging network?

(A) NEFT

(B) SWIFT

(c) SFMS

(D) CHIPS

(E) None of these

ANSWER KEY

1.C, 2.D, 3.E, 4.B, 5.A, 6.C, 7.C, 8.D, 9.A, 10.B,

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BANKING QUIZ -41 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -41 FOR IBPS-PO &CLERK EXAM

1. Name the bank, which partnered with UltraCash Technologies to launch payments processing through sound waves?

A) HDFC Bank                  

B) ICICI Bank

C) Yes Bank                                               

D) Axis Bank

2. The Indian Banks’ Association (IBA) is an association of Indian banks and financial institutions having headquarters located at_________.

A.  Chennai

B.  New Delhi

C.  Bengaluru

D.  Hyderabad

E.  Mumbai

3. What is the maturity period for senior citizen savings scheme?

A. 5 years

B. 5 years

C. 2 years

D. 3 years

E. 4 years

4. Poverty line is expressed in terms of an overall _______.

A. Per capita Income

B. Per Capita development expenditure

C. Per Capita entertainment expenditure

D. Per Capita consumption expenditure

E. Per Capita GDP

5. Loans granted by a bank to an exporter popularly known as ‘Export credit’ is guaranteed, in case of default, by which of the following?

A. EXIM Bank

B. ECGC

C. Ministry of International Trade, GOA

D. DICGC

E. Other than those given as options

6. Who amongst the following is the regulator in the financial system of the country?

A. Other than those given as options

B. CRISIL

C. SEBI

D. TRAN

E. CERC

7. Which of the following is the negotiable instrument?

A. Demand Draft issued by a bank

B. Share certificate issued by a PSU

C. Fixed Deposit of a Banks

D. Debenture of a company

E. Airway Receipt

8. A non performing Asset in Banking Business means ________.

A. A fixed asset of Bank is not been utilized

B. A loan asset on which interest and/or installments remain unchanged.

C. A portion of deposits not been utilized

D. All of the Above

E. None of the Above

9. The period for which the securities cannot be delivered is called _______________ in the financial market.

A. Off Period

B. Down Market

C. Low Market

D. Shut Period

E. None of these

10. Which of the following does not have savings account?

A. NRE Account

B. NRO Account

C. FCNR (B) Account

D. Both (A) and(C)

E. All of the Above

ANSWER KEY

1.C, 2.E, 3.A, 4.D, 5.B, 6.C, 7.A, 8.B, 9.D, 10.C,

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BANKING QUIZ -40 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -40 FOR IBPS-PO &CLERK EXAM

1. Which of the following economic concepts is categorized on the basis of Current Account or Capital Account or both?

A. Gross National Income(GNI)

B. Value of the food grain stock of a country

C. Gross National Product

D. Balance of Payments

E. Total collection of Direct Taxes in a year

2. When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called __________

A. Revenue Deficit

B. Zero Budgeting

C. Budgetary Deficit

D. Trade Gap

E. Balance of Payment Problem

3. Lack of access to financial services is technically known as ______

A. Financial Exclusion

B. Financial Stability

C. Financial Inclusion

D. Financial Instability

E. Poverty

4. Balance in a current account is classified as ________

A. Hybrid Deposit

B. Demand Deposit

C. Term Deposit

D. Flexi Deposit

E. other than those given as options

5. The Foreign exchange of India is kept with _________

A. RBI

B. ECGC

C. SBI

D. NABARD

E. other than those given as options

6. In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers?

A. Virtual Banking

B. Universal Banking

C. Retail Banking

D. Unit Banking

E. other than those given as options

7. Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of _______

A. 15 days

B. 3 months

C. 6 months

D. 1 year

E. 7 days

8. Which of the following is the most liquid money?

A. M2

B. M1

C. Securities

D. M3

E. Call Money

9. Saudi Arabia based Islamic Development Bank has announced to open its first branch in India at

A.   Varanasi

B.   Mumbai

C.   Bengaluru

D.   Hyderabad

E.  Ahmedabad

10. When the repayment of a loan starts after certain period of its disbursement, that period is called ________.

A.  Moratorium

B.  Foreclosure

C.  Diffusion

D.  Esoteric

E.   None of these

ANSWER KEY

1.D, 2.C, 3.A, 4.B, 5.A, 6.C, 7.D,  8.B, 9.E, 10.A,

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BANKING QUIZ -39 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -39 FOR IBPS-PO &CLERK EXAM

1. What do Working Capital mean?

(a) Cash-in hand and at bank

(b) Current assets

(c) Current assets minus current liabilities

(d) Current liabilities and provisions

2. Many Banks have adopted/launched “Core Banking Solution (CBS)”. Core Banking Solution is..........?

(a) A delivery channel for quick and fast delivery

(b) A new type of ATM useful for rural population

(c) A marketing strategy adopted by the Banks

(d) A new product launched to help senior citizens only as they are not able to visit branches/ATMs frequently

3. The term “Balance of Trade” can be defined as________.

(a) A point where the values of imports and exports are equal 

(b) The difference between the value of the imports and exports of a country

(c) The term is used with reference to bilateral trade agreements with countries of CIS Block

(d) The difference between the total of transactions with foreign countries in trade, services and capital

4. The open market operation transactions of RBI are carried out with a view to regulate?

(a) Liquidity in the economy

(b) Prices of essential commodities

(c) Inflation

(d) All of the above

5. Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means?

(a) Auction of gold

(b) Issuance of different types of bonds

(c) Sale or purchase of Govt. securities

(d) None of the above

6. Which among the following is correct full form of CAS in context with banking markets in India?

(a) Cash Authorization Scheme

(b) Credit Arrangement System

(c) Credit Access System

(d) Credit Authorization Scheme

7. In India nation income is estimated by?

(a) Central Statistical Organization

(b) Finance Commission

(c) Planning Commission

(d) Finance Ministry

8. These are the reserves that can act as a liquidity buffer for commercial banks during their crisis times.

a.  DSLR

b.   Forex Reserves

c.   SLR

d.   Semi SLR

e.   None of these

9. What does the lowering of Bank Rate by the Reserve Bank of India leads to

a. Less liquidity in the market

b. More liquidity in the market

c. Stability liquidity in the market

d. None of these

e. It is dependent on other factors also

10. S in ECS stands for

a.   State

b.   Swap

c.   Saving

d.   Scheme

e.   System

ANSWER KEY

1,C. 2.A, 3.B, 4.D, 5.C, 6.D, 7.A, 8.C, 9.B, 10.C

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BANKING QUIZ -38 FOR IBPS-PO &CLERK EXAM

1. R stands for _______ in CDR.

1.   Ratio

2.   Recycle

3.   Reserve

4.   Regulation

5.   Restructuring

2. CGT stands for

1.   Capital gain tax

2.   Crucial gain tax

3.   Capital gain tribe

4.   Capital gross tax

5.   None of these

3. Which state owned bank has become the top mobiliser under Gold Monetisation Scheme, launched by Modi government?

1.   Bank of Baroda

2.   State Bank of India

3.   Bank of India

4.   Central Bank of India

5.   Punjab National Bank

4. Full form of BPLR.

1.   Basic Prime Lending Rate

2.   Benchmark Prime Lending Rate

3.   Benchmark Primary Lending Rate

4.   Basis Prime Lending Rate

5.   Benchmark Prime Lending Result

5. Which foreign bank has decided to shuts down its retail banking branches in India?

1.   Deutsche Bank

2.   DBS Bank

3.   RBS Bank

4.   HSBC Bank

5.   Doha Bank

6. Expand ITBA.

1.   Income Tax Building Application

2.   Income Tax Business Authority

3.   Income Tax Building Alliance

4.   Income Tax Business Application

5.   None of these

7. MICR code is a ______ digits code.

1.  9

2.  8

3.  12

4.  10

5.  13

8. Automated Clearing House is a service provided by

1.   Reserve bank of India

2.   National Housing Bank

3.   Finance Ministry

4.   National Payments Corporation of India

5.   State Bank of India

9. Which one of the following stock exchanges will get its own postage stamp?

1. MCX Stock Exchange

2. National Stock Exchange of India Ltd

3. Bombay Stock Exchange (BSE)

4. Bangalore Stock Exchange

10. A cheque which is truncated during the course of clearing cycle is called __________

1.   Stale Cheque

2.   Truncated Cheque

3.   Self Cheque

4.   Mutilated Cheque

5.   None of these

ANSWER KEY

1.5, 2.1, 3.5, 4.2, 5.3, 6.4, 7.1, 8.4, 9.3, 10.4,

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