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IBPS PO Mains Banking Awareness Quiz 9

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IBPS PO Mains Banking Awareness Quiz 9

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 9 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 9 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. What is meant by a stale cheque?
    A. A cheque which is lost or stolen B. A cheque which is more than three months old from the date of the cheque C. A cheque which is defaced/ mutilated D. A cheque from an account which is closed E. None of these

Answer - Option B
2. Which of the following is the most important component of the liabilities of commercial banks?
    A. Time deposits B. Demand deposits C. Inter bank liabilities D. Other borrowings E. None of these

Answer - Option A
3. Which of the following is not the function of the Reserve Bank of India (RBI)?
    A. Issue of banknotes B. Banker to Government C. To open a saving bank account for the general public D. Custodian of cash reserves of Commercial Banks E. None of these

Answer - Option C
4. Next Eleven Countries period are ______ as identified by the Goldman Sachs investment bank?
    A. Least developed Countries B. Developed Countries C. No developed Countries D. Developing Countries E. None of these

Answer - Option B
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. Foreign currency which has a tendency of quick migration is called
    A. Scarce Currency B. Soft Currency C. Hard Currency D. Hot Currency E. None of these

Answer - Option D
2. Which of the following is the short form of the organization which provides credit guarantee to exporters?
    A. FICCI B. ECGC C. SEBI D. SIDBI E. None of these

Answer - Option B
3. Which of the following rates is decided by the market conditions and not by RBI?
    A. Bank rate B. SLR C. CRR D. Inflation rate E. None of these

Answer - Option D
4. Banks are required to open ‘no frills’ accounts. What are these accounts?
    A. Accounts with zero or very nominal balances B. Accounts meant only for rural areas C. Accounts in the name of more than one person D. Accounts in which interest is not to be paid E. None of these

Answer - Option A
5. The only online account B2 is run by
    A. Syndicate Bank B. LIC C. Corporation Bank D. ICICI E. None of these

Answer - Option D
1. If a firm is operating at loss in the short period in perfect combination, it should
    A. Increase the Production and the Price B. Decrease the Production and the Price C. Shut down and Leave the Industry D. Continue to Operate as long as it covers even the Variable Cost E. None of these

Answer - Option D
2. Which one of the following represents the Saving of the Private Corporate Sector?
    A. Dividends paid to Shareholder B. Undistributed Profit C. Total Profits of the Company D. Excess of Income over Expenditure E. None of these

Answer - Option B
3. Banking Industry has been declared as public utility service for purpose of ;
    A. Negotiable Instruments Act, 1881 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Industrial Disputes Act E. None of these

Answer - Option C
4. The Demand for Labour is called?
    A. Market Demand B. Direct Demand C. Factory Demand D. Derived Demand E. None of these

Answer - Option D
5. Forced Savings refers to
    A. Reduction of Consumption consequent to a rise in Price B. Taxes on Individual Income and Wealth C. Compulsory Deposit imposed on Income Tax Payers D. Provident Fund Contribution of private-sector employees 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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