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Banking Awareness Quiz for IBPS PO MAINS Set - 01

image 2017-11-15 12:37:04
Banking Awareness Quiz for IBPS PO MAINS Set - 01

Q1. Which of the following terms is used in Banking?
a) Epicentre
b) Pascal’s Law
c) Currency
d) Centre of Gravity
e) Latitude

Q2. Teaser Rates are related to which of the following types of loans?
a) Home Loans
b) Personal Loans
c) Auto Loans
d) Reverse Mortgage Loans
e) Crop Loans

Q3. Which of the following documents is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?
A. Passport
B. PAN
C. Aadhar number issued by Unique Identification Authority of India
a) Only (A)
b) Only (B)
c) Only (A) and (B)
d) All (A), (B) and (C)
e) Only (B) and (C)

Q4. Which of the following is NOT a Govt-sponsored organisation?
a) Small Industries Development Bank of India
b) NABARD
c) National Housing Bank
d) ICICI Bank
e) All are Govt-sponsored

Q5. Fiscal Policy is concerned with which of the following?
a) Export and Import
b) Public Revenue and Expenditure
c) Issue of Currency
d) Population Control
e) Education for all

Q6. Which of the following is the apex institution that handles refinance for agriculture and rural development in India?
a) RBI
b) SIDBI
c) NABARD
d) SEBI
e) None of these

Q7. Foreign Exchange Reserves of India are kept in the custody of which of the following?
a) International Bank for Reconstruction and Development
b) International Monetary Fund
c) Government Treasury
d) Reserve Bank of India
e) State Bank of India

Q8. Which of the following services is NOT provided by the post offices in India?
a) Savings Bank Scheme
b) Retailing of Mutual Funds
c) Sale of stamps
d) Issuance of Demand Drafts
e) Life Insurance cover

Q9. Which of the following is/are the objectives of Free Trade Agreement that India has done with many countries?
A. To provide support to entrepreneurs for setting up new projects in tiny/SSI sectors
B. For undertaking expansion of business
C. To support technology upgradation
a) Only (A) and (B)
b) Only (B) and (C)
c) All (A), (B) and (C)
d) Only (A) and (C)
e) None of these

Q10. Which of the following organisations issues the rules of global trade?
a) World Bank
b) World Trade Organisaton
c) Foreign Exchange Dealers Association
d) Directorate General of Foreign Trade
e) None of these

Answers:

Q1. c, Q2. a, Q3. d, Q4. d, Q5. b
Q6. c, Q7. d, Q8. d, Q9. b, Q10. b