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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BANKING QUIZ -37 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -37 FOR IBPS-PO &CLERK EXAM

1. A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as

(1) Universal Banking

(2) A Direct Bank

(3) Door Step Bank

(4) Indirect Bank

(5) Unit Banking

2. The Aadhar-enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar- enabled basic types of banking transactions do ‘not’ include

(1) Aadhaar to Aadhaar funds transfer

(2) Balance enquiry

(3) Cash withdrawal

(4) Small overdraft facility

(5) Cash deposit

3. The arrangement under which banks sell insurance products acting as the agents of the respective companies are called the

(1) Insurance joint venture

(2) Hybrid Insurance Model

(3) Bancassurance Model

(4) Insurance Broking

(5) Integrated Model

4. The concept of ‘Micro Credit’ essentially concentrates on

(1) Provision of credit to the poor

(2) Providing safe place to hold savings

(3) Accepting deposits

(4) Consumption smoothening as and when needed

(5) Facility to transfer money

5. An Equity share is also commonly referred to as

(1) Preferred stock

(2) Debenture

(3) Convertible share

(4) Security receipt

(5) Ordinary share

6. Which of the following institutions is regarded as the ‘Lender of the Last Resort’ by Banks in India?

(1) State Bank of India (SBI)

(2) Reserve Bank of India (RBI)

(3) The State Treasury

(4) World Bank

(5) Department of Financial Services (DFS)

7. To improve access of the poor to banking, RBI has advised banks to open branches with minimum infrastructure supporting up to 8 to 10 Business Correspondents (BC) at a reasonable distance of 3-4 km. Such branches are known as

(1) Nodal branches

(2) Micro branches

(3) Ultra small branches

(4) Mini branches

(5) Satellite branches

8. Which of the following services relate to execution of transactions directly with consumers, rather than corporations or other banks?

(1) Retail Banking Services

(2) Industrial Banking Services

(3) Investment Banking Services

(4) Corporate Banking Services

(5) Wholesale Banking Services

9. Financial activities tax and Financial stability contribution is proposed by?

1) G-8

2) SAARC Summit (second)

3) G-20

4) SAARC Summit (First)

5) None of the above

10. Bank for International Settlements (BIS) has its headquarters in

1.   Basel, Switzerland

2.   Tashkent, Uzbekistan

3.   Manila, Philippines

4.   Washington D.C., USA

5.   Beijing, China

ANSWER KEY

1.2, 2.4, 3.3, 4.1, 5.5, 6.2, 7.3, 8.1, 9.3, 10.1,

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BANKING QUIZ -36 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -36 FOR IBPS-PO &CLERK EXAM

1.Which of the following was implemented by National Payments Corporation of India (NPCI) for Banks, Financial Institutions, Corporates etc.,?

1.  National Automatic Cleared House (NACH)  

2.   National Automatic Clearing House (NACH)

3.   National Automated Cleared House (NACH)

4.   National Automated Clearing House (NACH)

5.   National Automated Cleaning House (NACH)

2. India’s first ‘talking’ ATM located in which of the following cities?

1.   Kolkata

2.   Pune

3.   Ahmedabad

4.   New Delhi

5.   Mumbai

3. Banks’ mandatory lending to farmers for agriculture, micro and small enterprises and other weaker sections where in banks are required to lend up to 40% of the loans is generally described as

(1) Priority sector lending

(2) Sub-prime lending

(3) Retail lending

(4) Non-priority sector lending

(5) Para banking

4. A bank’s ‘fixed deposit’ is also referred to as a

(1) savings bank deposit

(2) term deposit

(3) current deposit

(4) demand deposit

(5) home savings deposit

5. The process by which a life insurance policyholder can transfer all rights, title and interest under a policy contract to a third person is known as

(1) Assignment of the policy

(2) Hypothecation of the policy

(3) Nomination of the policy

(4) Negotiation of the policy

(5) Reinvestment of the policy

6. The Fair Practice Code for Credit Card Operations in the banking industry has been evolved by

(1) Indian Banks’ Association (IBA)

(2) Reserve Bank ofIndia (RB I)

(3) National Institute of Bank Management (NIBM)

(4) Banking Ombudsman (BO)

(5) Banking Codes and Standards Board of India (BCSBI)

7. ATM is an electronic tele-communication device that helps bank customers perform financial transactions. The letter A in the abbreviation ATM stands for

(1) Automated

(2) Anywhere

(3) Anytime

(4) Advance

(5) Account

8. CVV is an anti-fraud security feature that helps verify that the customer is in posession of her card. The abbreviation of CVV stands for

(1) Card Virtual Valuation

(2) Card Verification Value

(3) Confidential Virtual Verification

(4) Core Virtual Value

(5) Coded Vulnerability Value

9. Which of the following concepts of banking involves booking of web-enabled touch point for basic banking services?

(1) Extension Conters

(2) Retail Banking

(3) Satellite Banking

(4) Kiosk Banking

(5) Mobile Banking

10. Based on the recovery of the dues, banks are required to classify non-performing assets (NPAs) in the books of the bank under the categories

(1) Substandard, Doubtful and Loss Assets

(2) Standard, Doubtful and Written-Off Assets

(3) Standard, Substandard and Doubtful Assets

(4) Standard, Doubtful and Loss Assets

(5) Substandard, Doubtful and Bad Debts

ANSWER KEY

1.4, 2.3, 3.1, 4.2, 5.3, 6.5, 7.1, 8.2, 9.4, 10.1,

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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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