Banking Awareness Quiz for IBPS PO/RRB

Banking Awareness Quiz for IBPS PO/RRB

1. Bad loans in banking terminology are generally known as

1) Prime Loans

2) Prime Asset

3) BPOs

4) NPAs 

5) None of these

2. Certificates of Deposit may be issued by

1) Select all-India Financial Institutions that have been permitted by RBI to raise short-term resource

2) Local Area Banks (LABs)

3) Scheduled commercial banks excluding Regional Rural Banks

4) All of the above

5) None of these

3. Expand BIFR

1) Board for Industrial and Financial Reconstruction

2) Bureau for Industrial and Financial Reconstruction

3) Board for Investment and Financial Reconstruction

4) Bureau for Investment and Financial Reconstruction

5) None of these

4. Rural Infrastructure Development fund (RIDF) is financed by

1) Selected group of public Sector Banks

2) Ministry of Rural Development

3) Reserve Bank of India

4) NABARD

5) None of these

5. Many times we see in newspapers that some projects are launched by the government authorities on ‘PPP’ basis. What is the full form of PPP?

1) Preferential Payment Plan

2) Public-Private Partnership

3) Partial Payment Project

4) Popular Private Project

5) None of these

6. Bank Rate means the rate of interest

1) Charged by commercial banks from borrowers

2) At which commercial banks discounted bills of their borrowers

3) Allowed by commercial banks on their deposits

4) At which RBI purchases or rediscounts bills of exchange of commercial banks

5) None of these

7. What is the correct expansion of the term MUDRA ?

1) Micro Undertakings Development and Refinance Authority

2) Micro Units Development and Refinance Agency

3) Micro Undertakings Development and Restructuring Agency

4) Mini Units Development and Restructuring Authority

5) None of these

8. MICR code is used for

1) Electronic Clearance of Cheques

2) Electronic Funds Transfer

3) Code Banking Solution

4) Cheque Truncation Services

5) None of these

9. Where is the headquarter of CITY BANK?

1) Austria

2) New York

3) London

4) Switzerland

5) None of these

10. Section 31 (2) of the RBI Act, 1934 prohibits of making or issuing of a expressed to be payable to bearer thereof

1) Cheque

2) Promissory note

3) Demand Draft

4) Bill of exchange

5) None of these

Answers:

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