Banking Awareness Quiz For Ibps Exam 2

10 Questions | Total Attempts: 47

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Banking Awareness Quizzes & Trivia

This quiz is to test your knowledge about the banking industry and its activities. Find out your score at the end of the quiz


Questions and Answers
  • 1. 
    India has planned to introduce Plastic Notes soon, which country first launched plastic notes ever ?  
    • A. 

      USA

    • B. 

      Australia

    • C. 

      Russia

    • D. 

      Japan

  • 2. 
    As per the news published in major newspapers in India Banks in India need about 12 lakh business correspondents for rural areas. What will be the role of these correspondents ?
    • A. 

      They will help rural people in their day-to-day banking activities

    • B. 

      They will work as a link between banks and the customers

    • C. 

      They will ascertain eligibility of rural people so that relief packages can be provided to them

    • D. 

      They will market insurance products for banks

  • 3. 
    The Reserve Bank of India has asked all the banks to install ‘Note Sorting Machines’ in the branches. How will this help banks and the general public ?
    • A. 

      The machines will check for counterfeit notes and drop these from circulation

    • B. 

      This will help banks to count the notes quickly and accurately

    • C. 

      This will help in sorting out soiled notes so that they are not reissued by the banks

  • 4. 
    At present the trade between India and China is in a state of ‘Payment imbalance’. What does this mean in real terms ?
    • A. 

      China does not import many items from India whereas India imports more from China

    • B. 

      China does not pay India in time and a lot of delay is reported by the exporters

    • C. 

      India wants all payments to be made in US Dollars whereas China pays in its own currency

  • 5. 
    Which of the following terms is not used in Banking and Finance ?
    • A. 

      Bid Price

    • B. 

      Jacksonian Seizure

    • C. 

      Call Option

    • D. 

      Blue chip

  • 6. 
    Which of the following terms is not used in Economics ?
    • A. 

      Exogenous

    • B. 

      Depreciation

    • C. 

      Deep Market

    • D. 

      Zero Sum Game

  • 7. 
    Nowadays we frequently read news items about ‘Derivatives’ as used in the world of finance and money market. Which of the following statement correctly describes what a derivative is and how it affects money/finance markets ?
    • A. 

      Derivatives enable individuals and companies to insure themselves against financial risk

    • B. 

      Derivatives are like fixed deposits in a bank and are the safest way to invest one’s idle money lying in a bank

    • C. 

      Derivatives are the financial instruments which were used in India even during the British Raj

  • 8. 
    Constitutionally, which one of the following can levy Service Tax ?
    • A. 

      Union Govt. only

    • B. 

      State Govt. only

    • C. 

      Union Territory Govt. only

    • D. 

      All of these

  • 9. 
    Which one of the following is implication of large inflow of foreign exchange into the country ?
    • A. 

      It makes monetary management difficult for RBI

    • B. 

      It creates money supply, asset bubbles and inflation

    • C. 

      It weakens the competitiveness of Indian exports

  • 10. 
    Which of the following terms is not used in the world of economics/finance ?
    • A. 

      Sinking Fund

    • B. 

      Third World

    • C. 

      Open Door Policy

    • D. 

      Privilege Motion

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