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Banking Awareness Quiz for IBPS PO MAINS Set - 04

image 2017-11-18 12:28:22
Banking Awareness Quiz for IBPS PO MAINS Set - 04

Q1. What is Gross Domestic Product?
a) It is the cost of production of all final goods and services made in the country.
b) It is the cost of services made within the borders of a country in a year.
c) It is the market value of all final goods and services made in the country.
d) It is the market value of all final goods and services made within the borders of a country in a year.
e) None of these

Q2. In which of the following States, India’s first Islamic Bank is proposed to be set up?
a) Kerala
b) Tamil Nadu
c) Orissa
d) Bihar
e) None of these

Q3. Which of the following is NOT used in Economics?
a) Demand and Supply
b) Ad Valorem Tax
c) Break even
d) HIV-positive
e) Cost-benefit analysis

Q4. What is ‘financial inclusion’?
A.Easy access to bank accounts for safe parking of savings
B.Availability of cheap credits through appropriately designed loans for poor and low income households and small entrepreneur
C.Availability of basic financial products like insurance
a) Only (A)
b) Only (B)
c) Only (C)
d) Both (A) and (B)
e) All (A), (B) and (C)

Q5. Which of the following terms is used in Economics?
a) Keynesian
b) Adsorption
c) Affinity Matrix
d) Gene Flow
e) None of these

Q6. Which of the following is/are key policy rates used by RBI to influence interest rates?
A. Bank Rate and Repo Rate
B. Reverse Repo Rate
C. CRR and SLR
a) Only (A)
b) Only (B)
c) All (A), (B) and (C)
d) Only (C)
e) Both (A) and (C)

Q7. Which of the following rates signals the RBI’s long-term outlook on interest rates?
a) Repo Rate
b) Reverse Repo Rate
c) Bank Rate
d) SLR
e) CRR

Q8. What do you understand by ‘Para Banking’ services?
a) Eligible financial services rendered by banks
b) Utility services provided by banks
c) Services provided through business correspondents
d) Services provided to armed force personnel
e) None of these

Q9. What is Cross Border Exchange?
a) Trading of foreign currency in India
b) Trading of Indian rupee in exchange of other currencies/goods
c) Hawala transactions in Indian rupee
d) Unauthorized remittance of Indian rupee
e) None of these

Q10. Which of the following is the objective of Financial Stability and Development Council?
a) To address inter-regulatory issues only
b) To focus on financial literacy only
c) To focus on financial inclusion only
d) Both (a) and (b)
e) All (a), (b) and (c)

Answers:

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