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Banking Awareness Quiz for IBPS PO MAINS Set - 03

image 2017-11-17 12:51:24
Banking Awareness Quiz for IBPS PO MAINS Set - 03

Q1. Which of the following groups represent key industries?
A. Crude oil and electricity
B. Petroleum refining and finished steel
C. Cement and coal
a) Only (A)
b) Only (B)
c) Only (A) and (B)
d) Only (C)
e) All (A), (B) and (C)

Q2. Which of the following is covered in the list of services for service tax purposes?
A. Insurance/health services
B. Hotel accommodation/air travel services
C. Money changers/legal services
a) Only (A)
b) Only (B)
c) Only (C)
d) Both (A) and (C)
e) All (A), (B) and (C)

Q3. Which of the following agencies is providing Unique Identity Cards to all Indian Residents?
a) Election Commission of India
b) Ministry of Foreign Affairs
c) Govt of Maharashtra
d) Border Security Force
e) None of these

Q4. Banks make frequent changes in their product profile including introduction of new products etc. This is called
a) Product Control
b) Product enhancement
c) Product marketing
d) Product enrichment
e) None of these

Q5. Banking and financial services all over the world are regulated usually by the Monetary Authority of the land. Who controls this function in India?
a) Ministry of Finance
b) SEBI
c) RBI
d) IRDA
e) FEDAI

Q6. FIMMDA stands for
a) Foreign Investment Markets and Derivatives Market Association
b) Fixed Income Money Markets and Derivatives Association
c) Fixed Income and Money Market Development Association
d) Floating Income and Money Markets Derivative Assets
e) None of these

Q7. Which of the following terms is NOT used in banking?
a) Debit Card
b) Credit Card
c) Kisan Card
d) ELISA Test
e) None of these

Q8. Which of the following is the reason owing to which Government charges export duty on some export items?
a) To get benefit from high international prices
b) To improve the tax collection targets
c) It is as per the international practices.
d) To ensure the smooth availability of the items in India
e) None of these

Q9. Which of the following is/are the objective(s) of our monetary policy?
A. To anchor inflation expectations
B. To actively manage liquidity
C. To maintain interest rate regime consistent with price output and financial stability
a) Only (A)
b) All (A), (B) and (C)
c) Both (A) and (C)
d) Only (B)
e) None of these

Q10. Which of the following will set up core banking infrastructure for rural banks?
a) SIDBI
b) IBA
c) RBI
d) SBI

e) NABARD


Answers:

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