Banking Awareness Quiz || 06 – 09 – 2018

Mentor for Bank Exams

Dear Aspirants,
Welcome to Mentor for Bank Exams. Here is the Banking Awareness Quiz to help you practice with the best of latest pattern questions for the upcoming IBPS PO, IBPS Clerk and other bank and Insurance Exams.

1. Reason for cost push inflation is
A) increase in wage rate
B) increase in interest rate
C) increase in the price of raw material
D) increase in indirect tax
E) decrease in cost of production

2. In census data 2011, which of the following state holds the maximum rural population in the country?
A) Uttar Pradesh
B) Bihar
C) Madhya Pradesh
D) Andhra Pradesh
E) None of these

3. Open Added Money Market Scheme was firstly introduced by
E) None of these

4. Money that a government has required to be accepted in settlement of debts is
A) barter money
B) commodity money
C) legal tender
D) currency value
E) None of these

5. Mixed Economy means-
A) Co-existence of small and large industries
B) Promoting both Agriculture and Industries in the economy
C) Co-existence of public and private sectors
D) Co-existence of rich and poor
E) None of these

6. Exim Bank concentrates on
A) medium-term financing
B) short-term financing
C) short and medium-term financing
D) short and long-term financing
E) None of the above

7. Gross Domestic Product (GDP) is defined as the value of all
A) goods produced in an economy in a year
B) goods and services in an economy in a year
C) final goods produced in economy in a year
D) final goods and services produced in an economy in a year
E) None of these

8. The opening of branches by banks is governed by the provisions of
A) Section 23 of the Banking Regulation Act, 1949
B) Section 24 of Reserve Bank of India Act, 1934
C) Section 31 of the Negotiable Instruments Act, 1881
D) Section 45 of Bank Nationalization Act, 1969
E) None of the above

9. The central co-operative banks are in direct touch with
A) farmers
B) state co-operative banks
C) land development banks
D) Central Government
E) None of the above

10. Many a times, we read a term ‘SEPA’ in financial newspapers. What is the full form of the SEPA?
A) Single Exchange Processing Agency
B) Single Euro Payments Area
C) Single Electronic processing Agency
D) Super Electronic Purchase Agency
E) None of the above

11. What is the full form of ‘EPZ’?
A) Economical Plus Zone
B) Entertainment Plus Zone
C) Export Promotion Zone
D) Electronic Promotion Zone
E) None of the above

12. Indian Banks have the maximum foreign branches in —
A) Bangladesh
B) U.K.
D) Sri Lanka
E) None of these

13. Floating exchange rates refers to
A) the ability of exchange rates to even out when displaced by shocks to the foreign exchange market
B) new issues of foreign exchange offered on the market
C) an exchange rate determined by the demand for and supply of a nation’s currency
D) an excess demand for a nation’s currency that causes its devaluation
E) an excess supply of a nation’s currency that causes its appreciation

14. The maturity period of recently introduced Gold Bonds is —
A) 3 years
B) 5 years
C) 8 years
D) 12 years
E) None of these

15. Union government’s ‘PAHAL’ scheme is related to —
A) LPG subsidy transfer in consumer’s account
B) Toilets construction in schools
C) Promoting girls education
D) Ensuring health facilities to senior citizens
E) None of these