BANKING QUIZ -35 FOR IBPS-PO & CLERK EXAM

BANKING QUIZ -35 FOR IBPS-PO &CLERK EXAM

1. Credit Risk is the risk in which _______________.

(1) borrower may opt to get necessary permit/licences

(2) wrong strategy is adopted

(3) interest rate in the markets may increase

(4) loan processing may be faulty

(5) a borrower will default on any type of debt

2. Name the source of collecting money from the public for a company for the first time?

(1) Rights issue

(2) Initial public offer

(3) Follow on offering

(4) Bonus shares

(5) Secondary offering

3. A mutual fund scheme in which the investors commit their money for a particular period is known as

(1) Closed-End Scheme

(2) Long-End Scheme

(3) Long-Term Fund

(4) Open-End Scheme

(5) Back-End Scheme

4. CP is an unsecured money market instrument issued in the form of a promissory note. In the abbreviation CP, letter ‘P’ stands for

(1) Payment

(2) Portfolio

(3) Paper

(4) Promissory

(5) Position

5. The process that has to be undertaken by banks and other financial institutions to prevent them from being used by criminal elements for money laundering is

(1) Credit Monitoring Process

(2) Credit Rating Process

(3) Credit Appraisal Process

(4) Due diligence Process

(5) KYC Process

6. With introduction of ATMs, telebanking and internet banking, banking hours is not a constraint for transacting banking business, which is known as

(1) Universal Banking

(2) Worldwide Banking

(3) Global Banking

(4) Anywhere Banking

(5) Other than those given as option

7. Which of the following institutions is a Credit Information Company?

(1) CIBIL

(2) CRISIL

(3) ARCIL

(4) ICRA

(5) CARE

8. When an account does not have sufficient balance to honour the cheque issued by the account holder, the cheque is returned by the bank is called as______.

(1) cheque discounting

(2) bouncing of cheque

(3) cheque kiting

(4) cheque truncation

(5) cheque validation

9. The alphabet ‘P’ in the abbreviation EFTPOS stands for

(1) Permanent

(2) Private

(3) Public

(4) Primary

(5) Point

10. Which of the following is a receipt listed in India and traded in rupees declaring ownership of shares of a foreign company?

(1) European Depository Receipt (EDR)

(2) Indian Depository Receipt (IDR)

(3) Global Depository Receipt (GDR)

(4) American Depository Receipt (ADR)

(5) Luxemburg Depository Receipt (LDR)

ANSWER KEY

1.5, 2.2, 3.1, 4.3, 5.5, 6.4, 7.1, 8.2, 9.5, 10.2,

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BANKING QUIZ -34 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -34 FOR IBPS-PO &CLERK EXAM

1. As per the newspaper reports the RBI is planning to introduce “Plastic Currency Notes’. What is/are the benefits of ‘Plastic Notes’?

I. Their Shelf life will be longer.

II. It will replace plastic money or credit, debit cards which are giving birth to many fraudulent practices.

III. Printing will be cheaper.

(a) Only I

(b) Only II

(c) Only III

(d) All of the above

2. ‘Sub Prime Lending’ is a term applied to the loans made to?

(a) Those who have a good credit history and are known to bank since 10 years

(b) Those who wish to take loan against the mortgage of tangible assets

(c) Those borrowers who do not have a good credit history

(d) None of the above

3. What is the indivisual’s maximum limit of fund transfer of RBI-EFT?

a. 10 lakh

b. 30lakh

c. 90 lakh

d. No Limit

4. Who can fix the interest rates on NRE and FCNR (B) deposits?

a. Board of Directors of banks

b. Asset-Liability Management Committee 

c. Governor of RBI

d. Both (a) & (b)

5. Name the scheme through which transferring of personal remittances from abroad to beneficiaries in India?

a. MTSS

b. ATTS

c. MMSS

d. ATMS

e. Both (a) & (b)

6. What is the limit of foreign exchange for an indivisual for going abroad on employment basis?

a. USD 250000

b. USD 215000

c. USD 205000

d. USD 200000

7. Name the website which is launched by RBI to curb Illegal Collection of Deposits?

a. Janhit

b. Viswas

c. Sachet

d. None of the above

8.  Who issues Sovereign Gold Bond scheme?

a. Finance Minister of India

b. RBI

c. SEBI

d. Public sector banks

9. Under Indo-Nepal Remittance Facility Scheme, what is the maximum limit of fund transfer through NEFT enabled bank from India to Nepal?

a. Rs 50000

b. Rs 65000

c. Rs 52000

d. Rs 60000

10. What is the mandate for banks for issuing Magnetic stripe cards or Chip-based cards?

a. Mag-strip and CVV number

b. EVM Chip and pin enabled

c. EVM chip and finger prints

d. Mag-strip and finger prints

e. None of the above

ANSWER KEY

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

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BANKING QUIZ -33 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -33 FOR IBPS-PO &CLERK EXAM

1. Which Act was framed specially to monitor the Non-Performing Assets (NPA)?

1.   Banking Regulation Act 1949

2.   Foreign Exchange Management Act (FEMA) 1999

3.   Industrial Disputes Act 1947

4.   NPA Act, 2000

5.  SARFAESI Act, 2002

2. If any company which is a financial institution carrying on as its principal business the acquisition of securities is called as_______.

1.   Investment Company (IC)

2.   Loan Company (LC)

3.   Infrastructure Finance Company (IFC)

4.   Asset Finance Company (AFC)

5.   None of these

3. Which of the following is the largest network of shared automated teller machines (ATMs) in India?

1.   Immediate Payment Service(IMPS)

2.   National Financial Switch (NFS)

3.   Cheque Truncation System(CTS)

4.   Aadhar Enabled Payment System (AEPS)

5.   None of these

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

1) HDFC Bank                  

2) ICICI Bank

3) Yes Bank                                               

4) Axis Bank

5. Which of the following international organization has lead the race to buy stake in government controlled IDBI bank?

1.   Asian Development Bank

2.   Commonwealth Development Corporation

3.  GIC of Singapore

4.   International Finance Corporation

5.   None of these

6. Who was the first Governor of RBI?

1) Osborne Smith

2) James Braid Taylor

3) C.D.Deshmukh

4) Raghuram Rajan

7. Bank of Rajasthan was merged with which private sector bank?

1) HDFC Bank

2) Axis Bank

3) ICICI Bank

4) Kotak Mahindra Bank

8. Which bank are Public Sector Banks of India?

1) 50 % stake held by government

2) More than 50 % stake held by government

3) Less than 50 % stake held by government

4) None of the above

9. “Marginal cost of fund based lending rate system (MCLR)” has been replaced which of the following system?

1. LIBOR

2. MIBOR

3. SLR

4. Base rate system

10. When a country decides to conduct trade on favorable terms with another country for mutual benefits, this is called?

(1) FTA System

(2) Bilateral Trade

(3) MFN Status

(4) Counter Trade

ANSWER KEY

1.5, 2.5, 3.2, 4.3, 5.4, 6.1, 7.3, 8.2, 9.4, 10.3,

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BANKING QUIZ -32 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -32 FOR IBPS-PO &CLERK EXAM

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

A) MCX Stock Exchange

B) National Stock Exchange of India Ltd

C) Bombay Stock Exchange (BSE)

D) Bangalore Stock Exchange

2. Name the bank which has launched India’s first start-up focused bank branch?

A) State Bank of India                

B) Canara Bank

C) Punjab National Bank

D) Bank of Baroda

3. The headquarters of the International Centre for Trade and Sustainable Development (ICTSD) are located at ________________.

A) Paris                               

B) Geneva

C) New York                                  

D) London

4. Which public sector bank has launched specialized branch for Start-ups called “InCube” in Bengaluru?

A) BOB                                

B) HDFC      

C) ICICI                                

D) SBI

5. Name the bank, which became the first private sector bank in India to cross Rs. 1 Lakh croremark in mortgage disbursals?

A) AXIS Bank        

B) HDFC Bank      

C) ICICI Bank                    

D) Kotak Mahindra Bank

6. Name the bank, which applied to become “Wholly Owned Subsidiary” of parent bank to expand its footprint in India?

A) DBS                                 

B) VTB         

C) CIMB                              

D) HSBC

7. Small Industries Development Bank of India (SIDBI), set up as a subsidiary of which bank?

A.   HDFC

B.   ICICI

C.   RBI

D.   SBI

E.   IDBI

8. 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

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

A.   Stale Cheque

B.   Truncated Cheque

C.   Self Cheque

D.   Mutilated Cheque

E.   None of these

10. Which of the following companies has tied up with ICICI Lombard General Insurance to offer motor insurance to its customers?

A. Audi

B. Volkswagen

C. Ford

D. Porsche

E. BMW

ANSWER KEY

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

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BANKING QUIZ -31 FOR SBI–PO& IBPS EXAM

BANKING QUIZ-31 FOR SBI – PO& IBPS EXAM

1. Name the e-commerce company has launched ‘Tatkal’ initiative for small and medium businesses?

A. Flipkart

B. Amazon

C. Ebay India

D. Jabong

2. Which among the following is/are products or services developed by the NationalPaymentsCorporation of India (NPCI)?

1. Unified Payments Interface

2. RuPay

3. National Financial Switch

Select the correct answer using the code given

below:

(A) 1, 2 and 3

(B) 1 and 2 Only

(C) 2 and 3 Only

(D) 1 and 3 Only

3. With reference to India economy, consider the following:

1. Public debt

2. Open market operations

3. Bank rate

4. Primary deficit

Which of the above is/are component/components of Monetary Policy?

a) 1 Only

b) 2 and 3 Only

c) 1 and 2 only

d) 1, 3 and 4 only

4. Consider the following statements:

1. When the Reserve Bank of India (RBI) sells government securities to the general public it decreases the stock of high powered money in the economy.

2. The total liability of the RBI is called high powered money, which also consists of currency held by the public.

Which of the statements above is/are correct?

a) 1 Only

b) 2 Only

c) Neither 1 nor 2

d) Both 1 and 2

5. Which of the following is/are covered under the Banking Ombudsman Scheme, 2006?

A.   Scheduled Commercial Banks

B.   Regional Rural Banks

C.   Primary Co-operative Banks

D.   Only A and B

E.   1, 2 and 3

6. In which of the following 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

7. A negotiable money market instrument and issued in dematerialized form or as a Usance P- Note against funds deposited at a bank for a specified time period is known as

A.   Certificate of Deposit

B.   Line of Credit

C.   Cheque

D.   Bill of Exchange

E.   None of these

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

A.   Stability liquidity in the market

B.   Less liquidity in the market

C.   More liquidity in the market

D.   None of these

E.   It is dependent on other factors also

9. Which of the following organizations has launched Jeevan Labh scheme?

A) New India Insurance Ltd

B) Life Insurance Corporation of India

C) State Bank of India

D) National Insurance Company Ltd

10. The NABARD has signed a Memorandum of Understanding with which of the following organizations for web-based monitoring of watershed projects?

A) DRDO

B) Geological Survey of India (GSI)

C) ISRO

D) National Remote Sensing Center (NRSC)

ANSWER KEY

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

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BANKING QUIZ-30 FOR SBI – PO& IBPS EXAM

BANKING QUIZ -30 FOR SBI – PO& IBPS EXAM

1. MUDRA Bank will deliver loan through which of the following modes?

A. NBFCs

B. MFIs

C. Rural Banks

D. All of the Above

2. Name the Bank Who launches voice password facility for the customers?

A. HDFC Bank

B. ICICI

C. SBI

D. Kotak Mahindra

E. Union Bank of India

3. With which Indian bank Spain's Caixa Bank signed a pact to provide loans to Indo-Spanish joint ventures & local enterprises?

A. ICICI

B. PNB

C. SBI
D. HDFC Bank

E. Union Bank of India

4. Name the Japanese financial company who has announced fully departure of its mutual fund joint venture with insurance giant Life Insurance Corporation of India (LIC)?

A. Nomura

B. Ashinga

C. Vimena

D. Nataly

E. None of the above

5. Which foreign bank has signed a pact with RBI for Information Exchange & Banking supervision?

A. Soft bank

B. Caixa Bank

C. Barclays

D. Federal Reserve

E. Bank of Israel

6. Which public sector bank has been launched “Mingle”, a social media banking platform for Facebook and Twitter users?

A. Dena Bank

B. HDFC Bank

C. Punjab National Bank

D. State Bank of India

7. The State Bank of India(SBI) has tied-up with which e-commerce firm to offer pre-approved EMI facility to shop online?

A. Flipkart

B. Snapdeal

C. Myntra

D. Amazon

8. Which of the following agreement is signed between Reserve Bank of India (RBI) and UAE Central Bank?

A. Currency Swap Agreement

B. Monetary Exchange Agreement

C. Anti-Money Laundering Agreement

D. Rupee Exchange Agreement

9. Name the subsidiary of Tata Teleservices has tied up with IRCTC for easy payment?

A. nCruise

B. mRUPEE

C. kOnline

D. SmartD

10. Which bank has launched ‘Japan Desk’ to facilitate Japanese corporates investing in India?

A. Bank of Baroda

B. Punjab National Bank

C. State Bank of India

D. Dena Bank

ANSWER KEY

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

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BANKING QUIZ -29 For IBSP & SBI Bank Exam

BANKING QUIZ -29 For IBSP & SBI Bank Exam

1 Euro money is the official currency of –

NATO

European Union

UN

Germany and England

None of these

Ans. European Union

2 When RBI increases the CRR then what actions are the banks required to take?

Banks are required to increase their lending to the priority sector

They have to deposit additional money with RBI as reserve money

Banks also increase their lending and deposit rates

All the above

None of these

Ans. Banks are required to increase their lending to the priority sector

3 What concept is applied in banking industry such that almost all banks in India are providing special schemes for providing banking services to the rural poor?

Financial inclusion

Investment banking

Priority sector loaning

Trade finance

None of these

Ans. Priority sector loaning

4. The European Central Bank is headquarter located at_________

London, UK

Rome, Italy

Madrid, Spain

Paris, France

None of these

Ans. None of these

5 Fiscal deficit is calculated as_________.

Total expenditure less total receipts excluding borrowing

Total payments less total receipts

Total payments less capital receipts

Total income less Govt. borrowing

None of these

Ans. Total expenditure less total receipts excluding borrowing

6 . Currency Swap is an instrument to manage?

Currency risk

Cash flows in different currency

Currency and interest rate risk

Interest rate risk

None of these

Ans Currency and interest rate risk

7. Euro Bond can be defined as______.

Issued in the European market

A bond denominated in a currency not native to the issuer's home country

Issued in Euro currency

All of the above

None of these

Ans. A bond denominated in a currency not native to the issuer's home country

8. Name an Indian bank launched next generation features on its app ‘iMobile’ which will enable customers to instantly pay taxes and book railway tickets within the app?

Federal Bank

Punjab National Bank

Kotak Mahindra Bank

Bandhan Bank

ICICI Bank

Ans. ICICI Bank

9. Deposits which can be withdrawn by a customer without notice is called ________

Time Deposits

Variable Deposits

Demand Deposits

Low cost Deposits

None of these

Ans. Demand Deposits

10 . IDFC bank is a_______..

Private bank

Payment bank

Development bank

RRB

None of these

Ans. Development bank

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