Banking Awareness Quiz for IBPS PO/ RRB/ NABARD

Banking Awareness Quiz for IBPS PO/ RRB/ NABARD

 1. The NUUP is a moblie banking service provided by National Payment Cooperation of India (NPCI) which works on USSD technology. What is the full form of the term NUUP?

1. National Unique USSD platform
2. National Unified USSD platform
3. National Uniform USSD platform
4. National Umbrella USSD platform
5. None of these

2. Banks allot MMID or Mobile Money Identifier to a user when he/she registers for mobile banking with the bank. The MMID is a

1. 4-digit code
2. 9-digit code
3. 5-digit code
4. 7-digit code
5. 11-digit code

3. “Relationship beyond Banking” is the brand campaign of which of the following private sector banks in India?

1. Bank of India
2. Dena Bank
3. YES Bank
4. PNB
5. Indian Bank

4. Which of the following is NOT a measure adopted by the govt or the RBI related to inflation in the country?

1. Monetary Policy
2. Fiscal Policy
3. Financial Inclusion
4. Public Distribution System
5. None of these

5. In order to regulate money supply in the market, the RBI changes various rates from time to time. Which of the following rates is NOT decided by the RBI?

1. Bank rate
2. Repurchase rate
3. Interest rate on savings deposits
4. MSF rate
5. None of these

6. What is the full form of FINO?

1. Financial Inclusion Network and Operations
2. Financial Integration and Networking Organisation
3. Farmers’ Inclusion and Networking Organisation
4. Forward Investment Network Operations
5. None of these

7. When RRBs are given licence to open branches in small cities and towns, these licences are given by

1. Union Ministry of Finance
2. RBI
3. SIDBI
4. NABARD
5. Concerned State Govt

8. The Executive Board of the IMF has included renminbi (yuan) into its basket of currencies that make up the SDR. The term SDR stands for

1.   Specific Drawing Right
2.  Special Drawing Right
3.  Structured Drawing Right
4.  Systematic Drawing Right
5.  None of these

9. An Indian bank authorised to deal in foreign exchange maintains an account with an overseas bank in USA in US Dollar. Such account of an Indian bank is called a

1.  Nostro account
2.  Vostro account
3.  Loro account
4.  FCNR account
5.  NRO account

10. Which of the following is certainly an effort in the direction of financial inclusion?

1. Internet Banking
2. CTS Cheque
3. BSBDA
4. Foreign Currency Accounts
5. All of these

Answers:

1. 2
2. 4
3. 1
4. 3
5. 3
6. 1
7. 2
8. 2
9. 1
10. 3