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IBPS PO Mains Banking Awareness Quiz 10

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IBPS PO Mains Banking Awareness Quiz 10

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Banking Awareness is an important section in the employment-related competitive exams in India. In particular, exams like IBPS, SBI and other bank-related employment exams have banking awareness questions along with the general awareness section. The Banking Awareness section primarily has questions related to the History of Banking, Banking Terms, Banking Products, Functions of Banks, Banks and their Taglines, Schemes, Committees related to Banking, Headquarters of Banks, most recent Banking News, Apps launched by Banks, New Schemes, Monetary Policies, etc.
IBPS PO Mains Banking Awareness Quiz 10 article provides the list of several bank-related questions to prepare aspirants of different competitive exams in India, primarily for banking-related employment. The article IBPS PO Mains Banking Awareness Quiz 10 is very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS RRB, Railways, Civil Services etc.

shape Quiz

1. Redeemed debentures by issuing ordinary shares – Rate of return on ordinary shareholders’ equity
    A. Rs.5 lacs & above B. Rs.5 lacs & above C. Rs 10 lacs & above D. No such limit

Answer - Option C
2. Cash cannot be accepted for issue of DDs/TTs/Rupee TCs from the customers for Rs. ……
    A. Rs.10,000/- & above B. Rs.50,000/- & above C. Rs.20,000/- & above D. Rs.40,000/- & above

Answer - Option B
3. Wages Paid for the erection of machine debited to wages Account
    A. Error of Principal B. Error of Commission C. Error of Omission D. Error of Mathematics

Answer - Option A
4. Are instruments payable to order can be transferred or negotiated by?
    A. Endorsement & delivery B. Mere Delivery C. Encashment D. None

Answer - Option A
5. When the consignee receives the goods from the consigner
    A. Goods are debited to goods received on consignment account B. No entry is to be passed C. Credit consignor’s personal account D. None

Answer - Option B
1. The main function of an Asset Management Company is to
    A. hold the securities of various schemes B. manages the funds by making investments in various types of securities C. hold its property for the benefit of the unitholders D. act on behalf of SEBI

Answer - Option B
2. Which of the following is a special journal?
    A. Purchase book B. Debit Account C. Credit Account D. Capital Account

Answer - Option A
3. Sales book do not contain:
    A. Trade discount B. Credit Sales of Goods C. Credit Sales D. Cash Sales

Answer - Option D
4. The subsidiary book contain:
    A. loss of goods B. Credit Items C. Interest on Capitals D. Sale of Assets

Answer - Option B
5. Zero coupons bonds ……
    A. Do not carry any interest. It is issued at a lower price than its redemption value B. Carry a fixed rate of interest payable at the time of redemption of the bonds C. Bears zero risk D. all of the above

Answer - Option A.
1. When RBI desires to encourage banking system to create more credit in periods of depression, it
    A. Allows market forces to decide the bank rate B. Raises the bank rate C. Reduces the bank rate D. All the above

Answer - Option C
2. Which of these instruments are used to control the money flow in the economy?
    A. Open Market Operations B. Bank Rate Policy C. Statutory Liquidity Ratio D. All of these

Answer - Option D
3. The final authority to decide the design, form and material of the bank notes is vested with
    A. RBI B. Central Government C. Note Issuing Authority of India D. Indian Banks Association

Answer - Option B
4. _____________ is an indigenous bank aimed at catering banking needs of local, area specific requirement.
    A. Local Area Banks B. Industrial Banks C. Small Finance Banks D. Lead Banks

Answer - Option A
5. The Central Office of the Reserve Bank was permanently moved to Mumbai in which year?
    A. 1940 B. 1937 C. 1942 D. 1939

Answer - Option B

Related Information
Banking Awareness Practice Quiz
Conceptual Banking Quiz
Banking Awareness Practice Sets
Book for Banking Awareness
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