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IBPS SO Prelims Banking Awareness Quiz 2

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IBPS SO Prelims Banking Awareness Quiz 2

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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 2 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 2 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. Private sector bank ________ and digital healthcare platform Practo have partnered to launch an industry-first co-branded health credit card.
    A. HDFC Bank B. ICICI Bank C. Kotak Mahindra Bank D. RBL Bank

2. Business-to-business payments startup __________ has launched the country’s first corporate credit card called ‘Freedom Card’ for small and medium enterprises (SMEs).
    A. EnKash B. Paytm C. FreeCharge D. Mobikwik

3. The State Bank of India’s (SBI) Shanghai branch is now connected to CNAPS. What is the full form of CNAPS?
    A. China’s National Advance Public System B. China’s Nominal Advance Payment Security C. China’s National Advance Payment Service D. China’s National Advance Payment System

4. In its 3rd Bi-monthly Monetary Policy Committee meeting, the Reserve Bank of India has reduced the policy repo rate by-?
    A. 5 basis points B. 20 basis points C. 35 basis points D. 80 basis points

5. What is the present repo rate?
    A. 5.40% B. 5.50% C. 6.30% D. 7.60%

Answers
1. Answer - Option D
2. Answer - Option A
3. Answer - Option D
4. Answer - Option C
5. Answer - Option A
1. Bank branches are established under ________ of Banking Regulations Act, 1949.
    A. Section 20 B. Section 21 C. Section 22 D. Section 23

2. The difference between the outflow and inflow of foreign currency is known as ________.
    A. Current Account Deficit B. Fiscal Deficit C. Foreign Exchange Reserves D. Balance of Payments

3. The biggest international financial center in the world is_______.
    A. Frankfurt B. Geneva C. London D. New York

4. Which of the following Institutions extends maximum term loan to States?
    A. NABARD B. LIC C. IDBI D. IFCI

5. When the date of the cheque is later than the date on which it is presented for payment, the cheque is known as _______.
    A. post dated cheque B. invalid cheque C. ante-dated cheque D. Stale cheque

Answers
1. Answer - Option D
2. Answer - Option C
3. Answer - Option C
4. Answer - Option B
5. Answer - Option A
1. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form________.
    A. Imperial Bank of India B. Reserve Bank of India C. Bank of India D. Union Bank of India

2. Production and consumption takes place at about the same time. This is a characteristic of__________.
    A. Manufacturing sector B. Agriculture sector C. Service sector D. All of the above

3. FDR is________.
    A. Fix Date Rate B. Fixed Deposit Receipt C. Full Date Rate D. All of the above

4. NBA stands for__________.
    A. Net Banking Assets B. Net Book Act C. National Banking Act D. National Banking Association

5. What is the full form of ECB?
    A. Extra Commercial Banking B. Extra Commercial Borrowings C. External Commercial Borrowings D. All of the above

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

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