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IBPS SO Prelims Banking Awareness Quiz 7

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IBPS SO Prelims Banking Awareness Quiz 7

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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 7 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 7 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. In which city the Bank of International Settlements (BIS) located?
    A. New York B. Basel C. Washington D. None of these

2. When it comes to money market instruments,which among the following is not true?
    A. Treasury bills B. Certificate of deposits C. Corporate securities D. None of these

3. The difference between the total cost of a project and the sanctioned loan amount is termed as________
    A. Near Money B. Gross Income C. Margin Amount D. None of these

4. The capital markets regulatory authority has supervision over:-
    A. Foreign institutional investors B. Equity and debt raisers C. Mutual funds D. All the above

5. 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

Answers
1. Answer - Option B
2. Answer - Option C
3. Answer - Option C
4. Answer - Option D
5. Answer - Option C
1. We can open a saving bank account in the sole name of a minor if he completes age of _____?
    A. 18 B. 21 C. 10 D. None of these

2. In SNRR Account, SNRR stands for ________.
    A. Statutory Non Reflex Rupee B. Single Non Resident Rupee C. Special Non Resident Rupee D. None of these

3. What is the purpose of KYC in banking?
    A. It is used for customer identification B. It is used against money laundering C. It is used by the central bank to control liquidity D. Both (A) and (C)

4. When Reserve Bank intends to increase credit by the banking system, it
    A. Reduces the bank rate B. Raises the bank rate C. Freezes the bank rate D. None of these

5. Tagline of Bank of Baroda –
    A. Where India Banks B. India’s International Bank C. Relationships beyond Banking D. None of these

Answers
1. Answer - Option C
2. Answer - Option C
3. Answer - Option D
4. Answer - Option A
5. Answer - Option B
1. Normally banks accept fixed Deposits for a maximum period of:
    A. 5 years B. 10 years C. 20 years D. None of these

2. ______is a short term and unsecured promissory notes issued by corporations with very high credit standing?
    A. Demand draft B. Credit card C. Commercial Paper D. None of these

3. Which of the following is not a tool in the hands of RBI to control the inflationary pressure in the country?
    A. Bank Rate (BR) B. Special Drawing Rights (SDR) C. Statutory Liquidity Ratio (SLR) D. None of these

4. When was the Financial Market Department was established by RBI?
    A. May, 1999 B. Jan, 2000 C. July,2005 D. None of these

5. In which year does the Differential Rate of Interest Scheme was introduced?
    A. 1972 B. 1982 C. 1992 D. None of these

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

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