GK - Banking & Insurance - SPLessons

IBPS PO Mains Banking Awareness Quiz 7

Home > > Tutorial
SPLessons 5 Steps, 3 Clicks
5 Steps - 3 Clicks

IBPS PO Mains Banking Awareness Quiz 7

shape Introduction

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 7 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 7 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. YTM stands for?
    A. Year to Maturity B. Years to Maturity C. Yield to Maturity D. Yarn to Maturity E. None of these

Answer - Option C
2. Which of the following public sector banks has the largest number of branches in foreign countries?
    A. Bank of India B. Bank of Baroda C. Punjab National Bank D. Corporation Bank E. None of these

Answer - Option B
3. The total amount of money available in an economy at a specific time is known as
    A. Hard Money B. Soft Money C. Near Money D. Money Stock E. None of these

Answer - Option D
4. Who has the sole right to appoint Banking Ombudsman?
    A. Finance Secretary B. Bank’s MD and CEO C. Reserve Bank of India D. Government of India E. None of these

Answer - Option C
5. Which banks have comfortably retained the top rank in terms of profits /employee, as per the data released by the Reserve Bank of India?
    A. Public Sector banks B. Private Sector Banks C. Foreign Banks D. Co-operative Banks E. None of these

Answer - Option C
1. The Holidays of the Banks are declared as per
    A. Banking in India Act B. Reserve bank of India Act C. Negotiable Instruments Act D. Banking Regulations Act E. None of these

Answer - Option C
2. The RBI regulates the Commercial Banks in matters of
    A. Mergers of Banks B. Branch Expansion C. Liquidity of assets D. All the above E. None of these

Answer - Option D
3. In India, the currency notes and coins of one rupee and lower denomination are issued by
    A. Reserve Bank of India B. Ministry of Finance C. Indian Government D. All the above E. None of these

Answer - Option B
4. Brent Index is associated with which one of the following?
    A. Inflation B. Crude Oil Price C. Gold Price D. Export Rate Index E. None of these

Answer - Option B
5. In Indian Economy, which of the following is also called Narrow Money?
    A. M1 B. M2 C. M3 D. M4 E. None of these

Answer - Option B
1. _______ is a cheque clearing system undertaken by the Reserve Bank of India RBI for faster clearing of cheques.
    A. Crossed cheque B. Over Draft C. Demand Draft D. Letter of Credit E. Cheque Truncation System

Answer - Option E
2. Which of the following account holds all the shares that you purchase in electronic or dematerialized form.?
    A. Fixed Deposit Account B. Demat Account C. Current Account D. Savings Account E. Bno-frills Account

Answer - Option B
3. A BSBDA can be opened with simplified KYC document and also with nil balance.
    A. Balance Savings Bankrupty Deposit Account B. Balance Savings Bank Deficit Account C. Balance Savings Bank Deposit Account D. Basic Savings Bankrupty Deposit Account E. Basic Savings Bank Deposit Account

Answer - Option E
4. Who has been appointed as managing director of the country’s largest lender State Bank of India?
    A. Shyam Srinivasan B. Arijit Basu C. B Sriram D. Aditya Puri E. Shika Sharma

Answer - Option B
5. OLTAS is used to maintain the records of banks paid through banks through online upload of challan details. What is the acronym for OLTAS?
    A. Online Text accounting Service B. Online Tax accounting Service C. Online Tax accounting System D. Online Tax activation System E. Online Text accounting System

Answer - Option C

Related Information
IBPS PO Mains Banking Awareness Quiz 6
IBPS PO Mains Computer Aptitude Quiz 15
IBPS PO Data Analysis & Interpretation Quiz 3
Book for Banking Awareness