Banking Awareness Quiz for IBPS PO/RRB

Banking Awareness Quiz for IBPS PO/RRB

1. The International Monetary Fund (IMF) in its July World Economic Outlook (WEO) Update has retained India’s projected GDP growth rate at 7.2% for 2017-18. Where is the headquarter of IMF?

1. Geneva, Switzerland
2. Manila, Philippines
3. Washington, D.C., US
4. Vienna, Austria
5. Rome, Italy

2. Standard Chartered Bank has launched a Multi-currency Forex Card for overseas travellers.  Standard Chartered Bank is based in

1. London, United Kingdom
2. Rome, Italy
3. Manila, Philippines
4. Washington, D.C., US
5. None of these

3. Aurionpro Solutions a global leader in digital innovation, enterprise security and banking solutions, announced its Branch-in-a-Box product, VTM a fully integrated self-service kiosk for automating 90% of banking transactions at the branch level. VTM stands for

1. Virtual Telecom Memory 
2. Virtual Teller Mechanism
3. Verious Telecom Memories
4. Virtual Teller Machine
5. Vikalp Teller Mechanism

4. ICICI Prudential Life Insurance Company Ltd takes over Sahara India Life Insurance Company Ltd with effect from July 31, 2017. The Insurance Regulatory and Development Authority (IRDAI) issued an order in accordance with Section _________.

1. 32 B (2) of the Insurance Act, 1939
2. 42 B (2) of the Insurance Act, 1938
3. 52 B (2) of the Insurance Act, 1939
4. 32 B (2) of the Insurance Act, 1939
5. 52 B (2) of the Insurance Act, 1938

5. Which of the following is the tagline of the UCO Bank?

1. Honours Your Trust
2. A Friend you can Bank upon
3. Faithful and Friendly
4. Together We Can
5. None of these

6. Bank of Baroda has entered into an agreement with Directorate General of Supplies & Disposal (DGS&D) for extending various banking services to Government e-Marketplace (GeM).Where is the headquarter of Bank of Baroda?

1. Pune
2. Mumbai
3. New Delhi
4. Vodara
5. Mangalore

7. Bank rate means _____

1. Rate of interest charged by commercial Banks from borrowers
2. Rate of interest at which commercial banks discounted bills of their borrowers
3. Rate of interest allowed by commercial Banks from on their depositors
4. Rate at which RBI purchases or re-discounts Bills of Exchange of commercial Banks
5. None of the above

8.  ___________ is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.

1. Fixed Deposit Account
2. Current Account
3. Saving Account
4. Nastro Account
5. None of these

9. An international bank-rating system where bank supervisory authorities rate institutions according to six factors. The six factors are represented by the acronym “CAMELS”. In CAMELS, “E” stands for ______.

1. Economy
2. Earnings
3. Enlarge
4. Economic
5. None of these

10. Where is the headquarter of AU Small Finance Bank?

1. Jalandhar, Punjab
2. Ahmedabad, Gujarat
3. Jaipur, Rajasthan
4. Bengaluru, Karnataka
5. None of these

Answers:

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