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IBPS SO Prelims Banking Awareness Quiz 10

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IBPS SO Prelims 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 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 SO Prelims 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 SO Prelims Banking Awareness Quiz 10 is very useful for different exams such as IBPS SO, IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS RRB, Railways, Civil Services etc.

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1. PAN number is required for all transactions above-
    A. Rs. 2.5 lakh B. Rs. 10 lakh C. Rs. 2 lakh D. None of these

2. Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemption's is-
    A. Close Ended B. Open Ended C. Mixed Fund D. None of these

3. Banking Industry has been declared as public utility service for purpose of
    A. Reserve bank of India Act, 1934 B. Banking regulation Act, 1949 C. Industrial Disputes Act D. None of these

4. At Present, What is the maximum amount that a payment bank can accept from a depositor?
    A. Rs.5 lakhs B. Rs.1 lakh C. Rs.2 lakhs D. None of these

5. Foreign exchange reserves of India are kept in the custody of which of the following?
    A. International Bank for Reconstruction and Development B. Reserve Bank of India C. State Bank of India D. None of these

Answers
1. Answer - Option A
2. Answer - Option B
3. Answer - Option C
4. Answer - Option B
5. Answer - Option B
1. 1936. The issued/paid-up capital of a Regional Rural Bank should be –
    A. Rs. 5 lakh B. minimum Rs 25 lac and maximum Rs 100 lac C. Rs. 80 lac D. None of these

2. An account which is maintained by depositing undistributed parts of profit for future needs is known as _____
    A. Savings Account B. Current Account C. Reserve Account D. None of these

3. Goods and Service Tax, would replace which of the following taxes levied at present?
    A. Capital gains tax B. Corporate tax C. Value added tax D. None of these

4. Where is the head quarter of Insurance Regulatory and Development Authority (IRDA)?
    A. Hyderabad B. Bangalore C. Mumbai D. None of these

5. Which of the following is a financial ratio that gives a measure of a company‘s ability to meet its financial losses?
    A. Cash Reverse Ratio B. Leverage Ratio C. Statutory Liquidity Ratio D. None of these

Answers
1. Answer - Option B
2. Answer - Option C
3. Answer - Option C
4. Answer - Option A
5. Answer - Option B
1. IFSC in a cheque means:
    A. Indian Financial System Code B. It has 11 digits alpha numeric C. First 4 digits represent Bank Name D. None of these

2. The announcement of Bank holidays on 2nd and 4th Saturday will be effective from-
    A. 31st August 2015 B. 1st September 2015 C. 30th August 2015 D. None of these

3. Which committee is heading the conversion of Urban Cooperative Banks into Regular Banks?
    A. R Gandhi B. Urjit R. Patel C. H R Khan D. None of these

4. Which of the following is not the function of Payment bank?
    A. Issue of ATM /Debit card B. Issue of Credit Card C. Accepts Deposits D. None of these

5. When the conversion rate of our currency goes high in compared to other currency , it is known as-
    A. Rupee Devaluation B. Rupee Demodulation C. Rupee Depreciation D. None of these

Answers
1. Answer - Option D
2. Answer - Option B
3. Answer - Option A
4. Answer - Option B
5. Answer - Option D

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