BANKING QUIZ - 48 FOR IBPS-PO & CLERK EXAM

 BANKING QUIZ - 48 FOR IBPS-PO & CLERK EXAM

1. A charge where there is neither the transfer of ownership nor the possession is called _______.

A. Pledge

B. Lien

C. Mortgage

D. Hypothecation

E. None of the Above

2. Name the bank which has launched “Rewardz Scheme” on it’s 60^th anniversary?

A. Punjab National Bank

B. Bank of India

C. State Bank of India

D. Union Bank of India

E. Central Bank of India

3. It offers buyers credit and lines of credit to foreign governments and banks.

A. EXIM Bank

B. SBI

C. PNB

D. IDBI

4. The issuance of direction to housing finance institutions to ensure their growth on sound lines.

A. HDFC

B. ICICI

C. NHB

D. SBI

5. The rate of inflation increases when the purchasing power of money___________

A. Decreases

B. Increases

C. Stable

D. None of these

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BANKING QUIZ - 47 FOR IBPS-PO & CLERK EXAM

BANKING QUIZ - 47 FOR IBPS-PO & CLERK EXAM

1. On which of the following types of cheques alterations are not allowed by RBI?

(a) Paper cheque

(b) Electronic cheque

(c) CTS cheque

(d) Cheque with account payee crossing

2. “Hot money” refers to?

(a) Capital which is frequently transferred between financial institutions in an attempt to maximize interest or capital  gain.

(b) Money earned through speculative transactions

(c) Money used to hoard scarce commodities

(d) Money earned through illegal transactions

3. Which of the following is/are correct about the “Operational Risk” as used in the field of banking?

A. Risk of loss due to natural calamities

B. Risk of loss due to inadequate or failed internal process

C. Loss occurred due to non-compliance of legal procedures

D. All of the Above

E. None of the Above

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

A. Commercial Papers

B. Kisan Vikas Patra

C. National Savings Certificate

D. Treasury Bills

E. None of the Above

5. Head quarters of National Council of Applied Economic Research (NCAER) is located in ______

A. Mumbai

B. Chennai

C. Hyderabad

D. New Delhi

E. None of the Above

6. Which of the following is the most active segment of the money market in India?

A. Call Money

B. Certificate of Deposit(CD)

C. Commercial Paper(CP)

D. All of the above

E. None of the Above

7. SEPA Stands for ______

A. Scottish Environment Protection Agency

B. Single Euro Payments Agency

C. Scottish Environment Protection Area

D. Single Euro Payments Area

E. None of the Above

8. Co-operative banks are regulated by the Reserve Bank of India under _________

A. Banking Regulation Act, 1949

B. Banking Laws (Application to Co-operative Societies) Act, 1965

C. Negotiable Instrument Act–1881

D. Both (A) and (B)

E. None of the Above

9. A negotiable instrument delivered to a person conditionally or for safe custody, but not for the purpose of negotiation is called _________.

A. Escrow

B. Protest

C. Noting

D. All of the Above

E. None of the Above

10.__________ is the process by which the ownership of the credit instrument is transferred from one person to another.

A. Assignment

B. Negotiation

C. Endorsement

D. All of the Above

E. None of the Above

ANSWER KEY

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

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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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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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