Banking Awareness Quiz For Ibps Exam 3

10 Questions | Total Attempts: 134

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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. 
    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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