Banking Awareness Quiz For Ibps Exam 3
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.Dual economy is mixture of ?
- A.
Industrial sector and manufacturing sector
- B.
Traditional agricultural sector and a modern industrial sector
- C.
State ownership of the means of production in cooperation of foreign organizations
- D.
Industrial sector and trading of goods obtained through imports
- E.
None of these
- 2.A bank normally does not have to deal with an issue related to—
- A.
Payments and settlement systems
- B.
Contractual rights of creditors
- C.
Intellectual property rights
- D.
Cases of insolvency
- E.
Coordination between regulators active in banking/financial sectors
- 3.Which of the following is not a function of a bank ?
- A.
Providing project finance
- B.
Selling Mutual Funds
- C.
Deciding policy rates like CRR, Repo Rates/SLR etc
- D.
Settlement of payments on behalf of the customers
- E.
All of these are functions of a bank
- 4.As we all know, the limit of exemption on personal income tax has been raised. Whenever a relief in direct taxes is given, the underlying motive is always to make money available for which of the following purposes ? 1. Savings 2. Investment for High returns 3. Personal Consumption
- A.
Only 1
- B.
Only 2
- C.
Only 1 and 3
- D.
Only 1 and 2
- E.
All 1, 2, 3
- 5.The Reserve Bank of India (RBI) recently announced a hike in some policy rates and also indicated that there may be another change in near future. Which of the following is/are considered a policy rate(s) in the hands of the RBI? 1. Repo Rate 2. SLR 3. BPLR
- A.
Only 1
- B.
Only 2
- C.
Only 1 and 3
- D.
Only 1 and 2
- E.
All 1, 2, 3
- 6.Which of the following is not a bank or finance company ?
- A.
Barclays
- B.
BNP Paribas
- C.
Lufthansa
- D.
HSBC
- E.
All are banks/finance companies
- 7.‘Sensitive sector’ as defined by RBI include(s)—
- A.
Capital Market
- B.
Real Estate
- C.
Commodities
- D.
All the above
- 8.The index of measuring economic development is—
- A.
Increase in productive assets
- B.
National income
- C.
Per-capita income
- D.
Any of the above
- 9.In common meaning, inflation is a condition in which—
- A.
Price of commodity increases
- B.
Value of money decreases
- C.
Price of commodity and value of money both increase
- D.
Price of commodity increases and value of money decreases
- 10.Which is the main reason of demand pull inflation ?
- A.
Increase in money supply
- B.
Increase in commercial expenditure
- C.
Increase in foreign demand for goods
- D.
All of the above
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