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IBPS PO Mains Banking Awareness Quiz 8

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IBPS PO Mains Banking Awareness Quiz 8

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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 8 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 8 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. RBI has the authority under Section 22 of Reserve Bank of India Act to issue bank notes with a denomination of:
    A. Minimum 1Rs and Maximum 1000 Rs B. Minimum 2Rs and Maximum 1000 Rs C. Minimum 1Rs and Maximum 10000 Rs D. Minimum 2Rs and Maximum 10000 Rs E. None of these

Answer - Option D
2. Contains the account holder’s account number and allows money (cash or check) to be deposited into the correct account.
    A. Deposit Slip B. Cash Register C. Debit Card D. Pin E. None of these

Answer - Option A
3. CTS-2010 (often seen in news) is related to which of the following banking instrument?
    A. ATM B. Debit Card C. Credit card D. Cheque E. None of these

Answer - Option D
4. How many member nations are there in the Bank for International Settlements (BIS)?
    A. 80 B. 60 C. 100 D. 120 E. None of these

Answer - Option B
5. If any cheque issue by a holder to the payee for the upcoming withdrawn date, then that type of cheques are called
    A. Post Dated Cheques B. Anti Dated Cheques C. Stale Cheque D. Order Cheque E. None of these

Answer - Option A
1. The main function of an Asset Management Company is to:
    A. hold the securities of various schemes B. manage the funds by making investments in various types of securities C. hold its property for the benefit of the unit holders D. act on behalf of SEBI E. None of these

Answer - Option B
2. What is the purpose of reduction in Cash Reserve Ratio (CRR)?
    A. Reduce Credit Flow B. Enhance Credit Flow C. Enhance availability of cash D. Reduce Cash transactions E. None of these

Answer - Option B
3. The first insurance company was started in India in 1818 at:
    A. Kolkata B. Mumbai C. Delhi D. Pune E. None of these

Answer - Option A
4. The headquarters of International Monetary Fund is
    A. Geneva B. Washington C. Paris D. London E. None of these

Answer - Option B
5. When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as:
    A. Group lending B. Participation C. Consortium D. Ownership E. None of these

Answer - Option C
1. PAN number is required for all transaction above:
    A. Rs. 25,000 B. Rs. 50,000 C. Rs. 1 lac D. Rs. 10 lacs E. None of these

Answer - Option B
2. The government has stipulated that quoting permanent Account number is mandatory for:
    A. Current accounts B. Demat Accounts C. Terms Deposits D. Sa”ings bank E. None of these

Answer - Option B
3. Which is not a function of Money?
    A. Store of a Value B. Transfer of a Value C. Value Measurement D. Price Stabilisation E. None of these

Answer - Option D
4. Hundi ” is a:
    A. Draft B. cheque C. Bill of Exchange D. Promissory Note E. None of these

Answer - Option C
5. Islamic Banking ” is a term used for:
    A. interest free deposits, investment B. covering Banking of Muslims C. covering Islamic nations D. All of the above E. None of these

Answer - Option A

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