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IBPS SO Prelims Banking Awareness Quiz 3

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IBPS SO Prelims Banking Awareness Quiz 3

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 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 3 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 3 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.

shape Quiz

1. What is the full form of CISBI portal launched by RBI?
    A. Central Information System for Banking Infrastructure B. Centralized Information System for Banking Industry C. Core Industrial System for Banking Interface D. Common Input System for Banking Information

2. The web tool named ‘Vasool So-Ft’ has been launched by which bank?
    A. Bank of India B. Jammu & Kashmir Bank C. Karnataka Bank D. State Bank of India

3. Who is the present Chief Economic Adviser of India?
    A. Krishnamurthy V. Subramanian B. Sudhir Bhargava C. Subhash Chandra Garg D. Bibek Debroy

4. What is the full form of ICICI bank?
    A. Industrial Credit and Investment Corporation of India B. Investment Credit and Industrial Corporation of India C. Industrial Corporation and Investment Credit of India D. Investment Corporation and Industrial Credit of India

5. Which country ranks on top in terms of money parked in Swiss Bank?
    A. Hong Kong B. United Kingdom C. China D. United States

Answers
1. Answer - Option A
2. Answer - Option C
3. Answer - Option A
4. Answer - Option A
5. Answer - Option B
1. Who determines the Interest Rates on Small Savings Schemes?
    A. Ministry of Finance B. RBI C. High Level Committee formed by Finance Ministry D. Cabinet Committee Chaired by Prime Minister

2. Which among the following portals have been launched by the Reserve Bank of India?
    A. CISBI B. FLAIR C. Complaint Management System (CMS) D. All of the above

3. The cash loading of Prepaid Instruments is limited to ________ per month.
    A. Rs 10,000 B. Rs 50,000 C. Rs 25,000 D. Rs 30,000

4. Who is the Appellate Authority in case of Banking Ombudsman Scheme?
    A. Governor of RBI B. Executive Director of RBI C. Deputy Governor of RBI D. CGM of RBI

5. An enterprise where the investment in equipment does not exceed Rs. 10 lakh is known as__________.
    A. Small enterprise B. Medium enterprise C. Micro enterprise D. Mini enterprise

Answers
1. Answer - Option A
2. Answer - Option D
3. Answer - Option B
4. Answer - Option C
5. Answer - Option C
1. What is an Indian Depository Receipt ?
    A. A deposit account with a Public Sector Bank B. A depository account with any of Depositories in India C. An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company D. None of these

2. Which is included in Capital budget ?
    A. Income received from public borrowings B. Income received from tax-sources C. Income received from non-tax sources D. All of the above

3. Banking which involves mobilizing large part of the deposits in risk free assets such as government securities is called _______.
    A. Overseas Banking B. Narrow Banking C. Offshore Banking D. None of these

4. Which of the following in India formulates the fiscal policy?
    A. Finance Commission B. RBI C. Ministry of Finance D. None of these

5. Which of the following measures is not taken by government to control inflation ?
    A. It increases the rate of taxes B. It increases cash reserve ratio C. It increases the imports D. None of these

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