GK - Banking & Insurance - SPLessons
boy2

IBPS SO Prelims Banking Awareness Quiz 8

Home > > Tutorial
SPLessons 5 Steps, 3 Clicks
5 Steps - 3 Clicks

IBPS SO Prelims Banking Awareness Quiz 8

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 8 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 8 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 full form STT?
    A. Standard Transaction Tax B. Securities transaction Tax C. Securities transfer tax D. None of these

2. Which was the first Mutual Fund started in India _______?
    A. Unit Trust of India B. SBI Mutual Fund C. HDFC Mutual Fund D. None of these

3. Kisan Credit Cards (KCC) Scheme was formulated in the year:
    A. 1996 B. 1997 C. 1998-99 D. None of these

4. When were banknotes in the Mahatma Gandhi Series introduced?
    A. 1991 B. 1995 C. 1996 D. None of these

5. "Ways and Means” advances are provided by Reserve Bank of India only to:
    A. central Government B. State Government C. Both (A) and (B) D. None of these

Answers
1. Answer - Option B
2. Answer - Option A
3. Answer - Option C
4. Answer - Option C
5. Answer - Option C
1. When a cheque is drawn on a bank, the bank is called the _______?
    A. Payee B. Drawee C. Drawer D. None of these

2. Balance in a current account is classified as ________.
    A. Hybrid Deposit B. Term Deposit C. Demand Deposit D. None of these

3. For opening a new branch, a Regional Rural Bank requires ______.
    A. permission of NABARD B. Approval of DRDA C. RBI license D. None of these

4. Which of the following appears in the balance sheet of a company?
    A. Authorized Capital B. Partner’s Capital C. Paid up Capital D. None of these

5. How many mints in India produce coins?
    A. four mints B. Two mints C. Three mints D. None of these

Answers
1. Answer - Option A
2. Answer - Option C
3. Answer - Option C
4. Answer - Option C
5. Answer - Option A
1. FIMMDA‘s general principles and procedures are applicable to _________?
    A. Fixed Income Markets B. Money Markets C. Derivatives Markets D. All of the above

2. Cash Reserve Ratio (CRR) is to be maintained on Net Demand and Time Liabilities (NDTL). SLR is thus required to be maintained on ________?
    A. Total Demand and Time Liabilities B. Net Demand and Time Liabilities C. Total Demand and Time Assets D. None of these

3. The main foreign exchange reserves in the country are:-
    A. Foreign Currency assets B. Gold Stock C. Special Drawing Rights D. All of the above

4. Which of the following type of budgeting being used in India?
    A. Balanced Budget B. Zero base Budget C. Receipts Budget D. All of the above

5. The tax levied by Local Governments i.e. Municipal Corporations and municipalities is _______.
    A. Wealth Tax B. House Tax C. Gift Tax D. None of these

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

Banking Awareness - Related Information
Banking Awareness-Important Quiz Questions
Banking Awareness-Important Quiz Sets
Hide Index Show Index