Banking Awareness Quiz For Ibps Exam-1

10 Questions | Total Attempts: 60

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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. 
    Why SLR is maintained?  
    • A. 

      To control expansion of bank credit

    • B. 

      To ensure solvency of the banks

    • C. 

      To compel banks to invest money in government securities

    • D. 

      All of the above

  • 2. 
    According to the new guidelines, which of the following tax is/are now abolished ? 1) Wealth tax 2) Fringe Benefit tax 3) Commodity Transaction tax
    • A. 

      All 1, 2 and 3

    • B. 

      1 and 2

    • C. 

      2 and 3

    • D. 

      Only 1

  • 3. 
    The working of SEBI includes ?  
    • A. 

      To regulate the dealings of share market

    • B. 

      To check the foul dealings in share market

    • C. 

      To control the inside trading of shares

    • D. 

      All of the above

  • 4. 
    Which of the following rates are not fixed by RBI ?
    • A. 

      SLR

    • B. 

      PLR

    • C. 

      CRR

    • D. 

      Repo Rate

  • 5. 
    Which of the following is not included in the core sectors of indian economy ?
    • A. 

      Transport

    • B. 

      Coal

    • C. 

      Steel

    • D. 

      Cement

  • 6. 
    Which of the following is an asset for a commercial bank ?
    • A. 

      Credit to farmers

    • B. 

      Deposits of public

    • C. 

      Borrowing from RBI

    • D. 

      Demand deposits of industries

  • 7. 
    Which of the following is a selective credit control method ?  
    • A. 

      Bank Rate

    • B. 

      CRR

    • C. 

      RBI Directives

    • D. 

      Open Market Operations

  • 8. 
    Who is the partner in the equity of Regional Gramin Banks ?
    • A. 

      Central Govt

    • B. 

      State Govt

    • C. 

      Sponser Banks

    • D. 

      All of the above

  • 9. 
    Ministry of railway has decided to accept ………… as proof of identity for travelling on e-tickets ?  
    • A. 

      Mobile bill

    • B. 

      Credit Card issued by a bank

    • C. 

      Visiting Card

    • D. 

      Press Card

  • 10. 
    Name of the Insurance company “IDBI Fortis Life Insurance Company Ltd.” is changed to …….?
    • A. 

      IDBI HDFC Life Insurance Company Ltd

    • B. 

      IDBI AXIS Life Insurance Company Ltd

    • C. 

      IDBI Federal Life Insurance Company Ltd

    • D. 

      IDBI ICICI Life Insurance Company Ltd

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