Banking Quiz for IBPS Clerk Mains and IPPB Officers Exam

Just a few days are left for IPPB Manager/Officers and IBPS Clerk Mains. It is time to pace up your preparation of Banking Awareness for IPPB Manager/Officers and IBPS Clerk Mains. These questions related to Banking Awareness will also help you in preparing for other upcoming banking recruitment examination.

Q1. Each subscriber under APY shall receive a Central Government guaranteed minimum pension of- 

(a) Rs. 2000 per month

(b) Rs. 3000 per month

(c) Rs. 4000 per month

(d) Rs. 1000 per month

(e) Rs. 5000 per month

Q2. What is the Minimum Amount for opening of account that can be retained of Post Office Time Deposit Account?

(a) INR 200/.

(b) INR 1000/.

(c) INR 1200/.

(d) INR 1500/.

(e) INR 2000/.

Q3. What is the interest rate of Post Office 5 years Time Deposit Account (As on 01st January 2018)?

(a) 7.7%

(b) 7.3%

(c) 7.4%

(d) 7.1%

(e) 7.9%

Q4. All resident individuals is eligible to open a MIS account in single/joint name/s. MIS stands for-

(a) Monthly Investment Scheme

(b) Monthly Income Service

(c) Monthly Installment Scheme

(d) Money Income Scheme

(e) Monthly Income Scheme

Q5. What is the Maximum investment limit in single account of Post Office MIS Account?

(a) Rs 6.00 lakh 

(b) Rs 4.50 lakh

(c) Rs 9.00 lakh 

(d) Rs 11.50 lakh 

(e) Rs 1.50 lakh 

Q6. What is the interest rate of Post Office MIS Account (As on 01st January 2018)?

(a) 7.1% per annum payable monthly

(b) 7.9% per annum payable monthly

(c) 7.7% per annum payable monthly

(d) 7.5% per annum payable monthly

(e) 7.3% per annum payable monthly

Q7. What is the Maximum investment limit in joint account of Post Office MIS Account?

(a) Rs 6.00 lakh 

(b) Rs 4.50 lakh

(c) Rs 20.00 lakh 

(d) Rs 9.00 lakh

(e) Rs 1.50 lakh 

Q8. What is the silent features of Post Office MIS Accounts?

(a) Account can be opened by cash/Cheque and in case of Cheque the date of realization of Cheque in Govt. account shall be date of opening of account.

(b) Nomination facility is available at the time of opening and also after opening of account.

(c) Account can be transferred from one post office to another.

(d) All of the above are silent features of Post Office MIS Accounts

(e) Account can be opened in the name of minor and a minor of 5 years and above age can open and operate the account.

Q9. Interest can be drawn through auto credit into savings account standing at same post office, through PDCs or ECS./In case of MIS accounts standing at CBS Post offices, monthly interest can be credited into savings account standing at any CBS Post offices. CBS stands for-

(a) Core Balance Solutions

(b) Core Banking Solutions

(c) Core Banking System

(d) Core Banking Service

(e) Common Banking Solutions

Q10. Post Offices is providing MMTS service. What is the meaning of “MM” in MMTS?

(a) Mobile Mobile

(b) Mobile Money

(c) Money Money

(d) Management Money

(e) Missing Money

Q11. SCSS offers regular income, highest safety and tax saving, making it a popular product for those over _____ years of age. 

(a) 64 years

(b) 62 years

(c) 60 years

(d) 65 years

(e) 80 years

Q12. What is the meaning of SCSS?

(a) Senior Citizens Savings Scheme

(b) Senior Citizens Savings Scene

(c) Senior Certificate Savings Scheme

(d) Senior Citizens System Scheme

(e) Senior Common Savings Scheme

Q13. What is the maximum amount of SCSS?

(a) INR 20 lakh

(b) INR 25 lakh

(c) INR 30 lakh

(d) INR 10 lakh

(e) INR 15 lakh

Q14. Account can be opened by cash for the amount below INR _____ lakh and for INR ___________ Lakh and above by Cheque only in SCSS?

(a) INR 7 lakh and for INR 8 Lakh 

(b) INR 5 lakh and for INR 6 Lakh 

(c) INR 3 lakh and for INR 4 Lakh 

(d) INR 1 lakh and for INR 1 Lakh

(e) INR 2 lakh and for INR 3 Lakh 

Q15. What is the interest rate of SCSS as on 01st July 2017?

(a) 8.5% per annum

(b) 8.3% per annum

(c) 8.7% per annum

(d) 8.9% per annum

(e) 8.1% per annum