Banking Awareness Quiz

Banking Awareness Quiz for IBPS, SBI and RRB examination was given below. WE have given the Banking Awareness Questions and Answers of nearly 20 to 30 Bits. Candidates who are going to appear for SBI PO or SO Examinations and preparing for Bank examinations like IBPS Clerical cadre, Probationary Officer and Specialist Officer and Regional Rural bank examinations can check these Banking Awareness quiz. Interested candidates may download the Banking Awareness bits pdf from the below.

SBI Questions & Answers Bits pdf

If you ask youngsters who are preparing for competitive examinations, 7 out of 10 says that they are preparing for Bank exams. Now a days, most of the graduates after completing their graduation, they are preparing for bank exams and they dreamed about the bank employee. We know that every Bank exam either it may be IBPS or SBI and Clerk or PO there is definitely one section for Banking Awareness. Banking Awareness also called as banking terminology, General knowledge of Bank. Mostly Questions will come from important issues or policies of Banking sector the last two three months. We have already given the Important Banking Terms for bank exams IBPS, SBI and RRB. Candidates can practice the banking Awareness quiz below. We have given the quiz of banking awareness questions and answers. Every Question is important in Bank exams or competitive examinations because we know one mark differs many ranks in the merit. Interested may download the Banking Awareness bits pdf from the below. We suggest that read the local news paper daily to get the Banking Awareness knowledge.

IBPS Questions & Answers Bits pdf

Time management is very important thing in any competitive examinations. We have given the time management tips for bank exams section wise. Mostly, Banking Awareness questions and Computer Knowledge questions will be asked in one section in Bank exams except the SBI examinations. State Bank of India exam having separate section for the Banking Awareness quiz. Check the Banking Awareness for SBI which is somewhat tough in the exam that means high level. Check the latest Bank Exams in India. Banking Awareness quiz includes the questions related CEO and MD s of Banks in India, recent changes or evolutions in Banks, Repo rate, Bank rate, Bank policies, terms and conditions, ratios, Full forms or abbreviations, Bank Name and their tags etc. Participate in this Banking Awareness quiz for IBPS and check your answers below. Practice the banking Awareness questions and answers daily.

Banking Awareness Quiz & Check the answers below

  1. Expand HDFC Bank

(a) Housing Development Finance Co-operative Bank

(b) Housing Development Finance Corporation Bank

(c) Housing Development Finance Capitalization Bank

(d) Housing Development Financial Corporation Bank

(e) None of these

  1. A scheduled bank must be

(a) A corporative or company incorporated by any law in force in any place in India

(b) An institution notified by GOI

(c) A company as defined by companies act, 2013

(d) All of the above

(e) None of these

  1. Credit risk to the bank is high from which of these cards?

(A) Debit cards

(B) Credit cards

(C) ATM cards

(D) All the above

(E) None of these

  1. Which of the following is NOT a source of funds of a commercial bank?

(A) Capital

(B) Borrowings from RBI

(C) Call money borrowings

(D) Deposits

(E) Cash Reserves with RBI

  1. Crossing on a cheque can be cancelled by the ________ of the cheque, under his full signature.

(A) payee

(B) drawee

(C) endorser

(D) holder

(E) drawer

  1. Bank branches which can undertake foreign exchange business directly are known as in foreign exchange.

(A) Authorized dealers

(B) Foreign dealers

(C) Overseas branches

(D) Approved dealers

(E) Exchange branches

  1. Insurance cover for bank deposits in our country is provided by.

(A) SBI

(B) Govt. of India

(C) GIC

(D) UCI

(E) DICGC

  1. Loan of very small amounts given to low income groups is called.

(A) Cash credit

(B) Micro credit

(C) Simple overdraft

(D) No frills loans

(E) Rural credit

  1. When a banker talks about CDR, what is he talking about?

(A) Corporate Debt Restructuring

(B) Corporate Debt Rollover

(C) Company Debt Rollover

(D) Corporate Deposit Restructuring

(E) Company Deposit Restructuring

  1. Expand the term ALM as used in Banking/Finance sector?

(A) Asset Liability Management

(B) Asset Liability Maturity

(C) Asset Liability Mismatch

(D) Asset Liability Manpower

(E) Asset Liability Maintenance

  1. Cash Reserve Ratio (CRR) and Statutory’ Liquidity Ratio (SLR) are terms most closely related to which of the following industries/ markets?

(A) Capital Market

(B) Banking industry

(C) Commodities market

(D) Money Market

(E) Mutual fund industry

  1. What is the maximum period for which domestic term deposits are normally accepted by banks in our country?

(A) 3 years

(B) 5 years

(C) 7 years

(D) 10 years

(E) 12 years

  1. FD in a commercial bank can be done for a maximum period of

(a) 15 yrs

(b) 25 yrs

(c) 10 yrs

(d) No limit

(e) None of these

  1. Which of the following is a third party product often sold by banks?

(a) Gift cheques

(b) Credit cards

(c) Debit cards

(d) Mutual funds

(e) All of the above

  1.  In index of financial inclusion has been launched for the first time in 2008 by

(a) BSE

(b) NSE

(c) ICRIER

(d) CCI

(e) None of these

  1. Financial assistance for a sum of Rs. 5,000 can be called as

(a) Small finance

(b) Micro finance

(c) Crazy finance

(d) Petty finance

(e) None of these

  1. What is current coverage of bank account of population (approx)?

(a) 60%

(b) 80%

(c) 40%

(d) 50%

(e) None of these

  1. What does the letter ‘L’ stands for in the term LAF commonly used in financial/economic news?

(A) Liquidity

(B) Least

(C) Liabilities

(D) Long

(E) Liquid

19. Depreciation of an asset occurs due to.

(A) Fire in the unit

(B) Theft

(C) Labour Trouble

(D) Wear and tear

(E) None of these

  1. KYC policy has been actually innovated by

(a) Fed Reserve of USA

(b) Basel committee

(c) RBI

(d) GOI, Ministry of Finance

(e) None of these

Answers:

1.     B2.     D3.     B4.     A5.     E
6.     A7.     E8.     B9.     A10.  A
11.  B12.  D13.  C14.  D15.  C
16.  C17.  C18.  A19.  D20.  B

If you have any doubts please comment below. We will provide the materials and quiz questions or bits with answers for all the bank exams, Competitive examinations along with this Banking Awareness quiz.

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