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Showing posts with label banking gk. Show all posts
Showing posts with label banking gk. Show all posts

Thursday, September 1, 2016

BANKING QUIZ – 46 FOR IBPS-PO & CLERK EXAM

BANKING QUIZ – 46 FOR IBPS-PO & CLERK EXAM

1. Which International company has reinsured Pradhan Mantri Suraksha Bima Yojana (PMSBY) to   encourage insurance companies to participate in the scheme?
a. Le Insure
b. Janoun Insurance Company Ltd
c. Hannover Re
d. Life Insurer
e. None of these

2. Axis Bank, India's third largest private bank, opened its first Express Branch in which of the following cities?
a. New Delhi
b. Kolkata
c. Chennai
d. Bangalore
e. Mumbai

3. By which mean ICICI Bank customers transact fund without using PIN or any kind of password?
a. Finger Prints impression
b. Voice password
c. Aadhar Number
d. OTP Number
e. All of the above

4. Fiscal deficit can be defined as?
(a) Total expenditure less total receipts excluding borrowing
(b) Total payments less total receipts
(c) Total payments less capital receipts
(d) Total income less Govt. borrowing

5. Prior to the establishment of the Reserve Bank of India, the Government banking business was conduct by?

(a) Bank of India
(b) Imperial Bank of India
(c) National Bank of India
(d) Central Bank of India

6. In India, which of the following agency is responsible for announcing the Foreign Trade Policy?
(a) RBI
(b) EXIM-Bank
(c) Ministry of Commerce and Industry
(d) Foreign Ministry

7. Euro Bond can be defined as
(a) A bond denominated in a currency not native to the issuer's home country.
(b) Issued in Euro currency
(c) Issued in the European market 
(d) All of the above

8. FDI refers to?
(a) Fixed Deposit Interest
(b) Fixed Deposit Investment
(c) Future Derivative Investment
(d) Foreign Direct Investment

9. Which among the following is correct full form of CAS in context with banking markets in India?
 (a) Credit Authorization Scheme
(b) Cash Authorization Scheme
(c) Credit Access System
(d) Credit Arrangement System

10. The Food and Agriculture Organization (FAO) is a wing/agency of the?
(a) World Bank
(b) Asian Development Bank
(c) United Nations Organization
(d) Ministry of Agriculture Govt. of India

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

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BANKING QUIZ - 45 FOR IBPS-PO & CLERK EXAM

BANKING QUIZ - 45 FOR IBPS-PO & CLERK EXAM

1. When a country decides to conduct trade on favorable terms with another country for mutual benefits, this is called?
(a) FTA System
(b) Counter Trade
(c) Bilateral Trade
(d) MFN Status

2. Special Drawing Rights (SDRs) are international foreign exchange reserve assets issued by
a) IMF
b) WTO
c) ADB
d) World Bank
e) None of these

3. The headquarters of National Investment and Infrastructure Fund (NIIF) are located at?
a) Bengaluru
b) New Delhi
c) Mumbai
d) Chennai
e) Kolkata

4. Payment of a cheque may be countermanded by the ___
a) Drawer
b) Payee
c) True owner
d) Drawee
e) None of these


5. Name an Indian domestic card scheme conceived and launched by the NPCI?
a. Master
b. Visa
c. Rupay
d. Mastero
e. All of the above

6. On which platform Corporation Bank has launched MUDRA cards?
a. Master
b. Visa
c. Mastero
d. Rupay
e. None of these

7. Which of the following organization has renamed?
a. TRAI
b. NHB
c. SIDBI
d. IRDA
e. NSE

8. Vodafone M-Pesa, a mobile wallet services firm, has tied up with which organization for cash collection process across the five states of India?
a. NPCI
b. WaterHealth India
c. Axis Bank
d. SBI
e. Red Cross Society

9. Where are the headquarters of Soft Bank located?
a. Tokoyo, Japan
b. Bejing, China
c. New York, USA
d. London, Britain
e. None of the above

10. The headquarters of Bandhan Bank are located at?
a. Chennai
b. New Delhi
c. Hyderabad
d. Mumbai
e. Kolkata

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



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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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Thursday, August 25, 2016

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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Wednesday, August 24, 2016

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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