Banking Awareness Quiz For Ibps Exam 2
This quiz is to test your knowledge about the banking industry and its activities. Find out your score at the end of the quiz
- 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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