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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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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