Banking & Financial Awareness Quiz for IBPS Exams

 Q1. A saving Bank Deposit Account is one where?
(a) Amounts are deposited and are withdrawn as per requirement of the customers
(b) The deposits are made only once in a year
(c) Periodical Fixed amount are deposited month wise and withdrawals are allowed after a fixed period
(d) All of the above
(e) None of the above

Q2. Personal Banking includes?
(a) Deposits
(b) Insurance
(c) Investment
(d) All of the above
(e) None of the above

Q3. Micro Finance is related to?
(a) Poor class
(b) Rich class
(c) Industry
(d) All of the above
(e) None of the above

Q4. BPO stands for?
(a) Budget Product Online
(b) Balance of Payment
(c) Business Process Outsourcing
(d) All of the above
(e) None of the above

Q5. Which of the following is the body/agency set up by Government of India to increase the flow of foreign investment in the country?
(a) FEMA
(b) FCCB
(c) NSDL
(d) FIPB
(e) None of the above

Q6. Euro Bond is an instrument?
(a) Issued in the European market 
(b) Issued in Euro currency
(c) Is a bond denominated in a currency not native to the issuer’s home country
(d) All of the above
(e) None of the above

Q7. Money laundering normally involves?
(a) Placement of funds
(b) Layering of funds
(c) Integrating of funds
(d) All of the above
(e) None of the above

Q8. The IMF and the World Bank were conceived as institutions to?
(a) Strengthening international economic co-operations and to help create a more stable and prosperous global economy
(b) IMF promotes international monetary cooperation
(c) The World Bank promotes long term economic development and poverty reduction
(d) All of the above
(e) None of the above

Q9. Capital Market Regulator is?
(a) RBI
(b) IRDA
(c) NSE
(d) SEBI
(e) None of the above

Q10. FDI refers to?
(a) Fixed Deposit Interest
(b) Fixed Deposit Investment
(c) Foreign Direct Investment
(d) Future Derivative Investment
(e) None of the above

Q11. National Income of India is estimated by?
(a) Central Estimates Survey Committee
(b) National Sample Survey Committee
(c) Central Statistical Organization
(d) Finance Ministry
(e) None of the above

Q12. Net Interest Income means?
(a) Interest generated from bank’s assets less interest paid on liabilities
(b) Interest earned on advances
(c) Miscellaneous Income
(d) All of the above
(e) None of the above

Q13. PannirSelvam Committee Report relates to?
(a) Customer service
(b) Exposure Norms
(c) Frauds
(d) NPAs
(e) None of the above

Q14. Perpetual Non-Cumulative Preference Shares are part of?
(a) Tier-I Capital
(b) Tier-II Capital
(c) Both A and B
(d) All of the above
(e) None of the above 

Q15. To revitalize RRBs, the Central Government has taken some significant steps. One of these is not such a step?
(a) made SARFAESI Act applicable to RRBs
(b) permitted RRBs to accept NRI deposits
(c) permitted RRBs for Branch Expansion
(d) RRBs can undertake Insurance Business
(e) None of the above