Banking and Financial Awareness Quiz For IBPS PO

Banking and Financial Awareness Quiz For IBPS

You should solve the Banking And Financial Awareness MCQ/ Quiz  from  Achiever's Rule on daily basis. This mock quiz set of banking and Financial knowledge is prepared as per the latest trend. The Banking Knowledge can help you to crack the upcoming IBPS, RBI, SBI Exams. 

Q1.Which Indian personality has been named among the top 10 regulators in the World ?

A]Urjit Patel
B]Ajay Tyagi
C]Ravi Krishnan Takkar
D]Aswani Kumar
E]None of them


Q2.Which bank has launched the "Project Nischoy" ?
A]SBI
B]Yes Bank
C]IDBI Bank
D]ICICI Bank
E]Axis Bank



Q3.Which bank has launched Cashback facility in home loans ?
A]Axis Bank
B]Yes Bank
C]HDFC Bank
D]ICICI Bank
E]None of these


Q4.The Asian Development Bank has approved loan to which Indian state for the modernization of technical and vocational training institutes of the state ?
A]Uttar Pradesh
B]Himachal Pradesh
C]Andhra Pradesh
D]Uttarakhand
E]None of these


Q5.Which Bank would become the partner with IIT- Bombay and IIT Roorkee to tap into the emerging fintech ideas ?
A]Axis Bank
B]Kotak Mahindra Bank
C]HDFC Bank
D]Bandhan Bank
E]None of these


Q6.In which city the first Share Market of India was established ?
A]Kolkata
B]Delhi
C]Mumbai
D]Bengaluru
E]Hyderabad


Q7.Indian Renewable Energy Development Agency has launched the new Green Masala Bond on the International Securities Market of which Stock Exchange ?
A]Mumbai Stock Exchange
B]London Stock Exchange
C]Calcutta Stock Exchange
D]New York Stock Exchange
E]None of these


Q8.Which of the following is known as the network for common data communication for the Banks and Financial Institutions launched by RBI ?
A]INFINET
B]INTERNET
C]BANKNET
D]SWIFT
E]None of these


Q9.In which year the concept of Micro Finance was launched ?
A]1972
B]1982
C]1992
D]2002
E]1962


Q10.What is the effect if a loan is repaid by cheque ?
A]It does not effect the total bank reserves.
B]It can decrease the total bank reserves in the system
C]It can increase the total bank reserves in the system
D]Both B and C
E]None of these


Q11.Which of the following is not a component of Bank deposits ?
A]Current A/C deposits
B]Fixed deposits
C]Safe deposits
D]Recurring deposits
E]None of these


Q12.With which of the following the new market is connected ?
A]New issue of currency notes
B]Issue of IPO
C]New issue of treasury bills
D]None of these
E]All of these


Q13.BIFR stands for which of the following ?
A]Bureau for Industrial and Financial Reconstruction
B]Board for Industrial and Financial Reconstruction
C]Bureau for Investment and Financial Reconstruction
D]Board for Investment and Financial Reconstruction
E]None of these


Q14.Who is the CEO of IDBI Bank ?
A]Mukesh Shukla
B]Veer Singh
C]Sakhshi Jalan
D]Mahesh Kumar Jain
E]None of them


Q15."Aao Sochein Bada" is the tagline of Which Bank ?
A]Dena Bank
B]IDBI Bank
C]Vijaya Bank
D]Allahabad Bank
E]None of these


Answer with Explanation

Explanation 1. SEBI(Securities and Exchange Board of India) Chairman Ajay Tyagi has been named among the top 10 regulators in the World . He is at the 7th position while the Commissioner of EU Margrethe Vestager has topped in the list.

Explanation 2. IDBI Bank has launched the "Project Nischoy" jointly with The Boston Consulting Group. It aims to accelerate the turnaround program and enhance financial performance.

Explanation 3. ICICI Bank has launched Cashback facility in home loans. This scheme offers the borrowers the benefit 1% cashback on every EMI for the entire tenure of the loan. The offer will be valid from minimum 15 years to 30 years.

Explanation 4. The Asian Development Bank has approved loan to Himachal Pradesh for the modernisation of technical and vocational training institutes of the state. The project is expected to complete within 2022.

Explanation 5. HDFC Bank would become the partner with IIT- Bombay and IIT Roorkee to tap into the emerging fintech ideas. The objective of this initiative is to identify potential fintech ideas at the incubation and entrepreneurship cells and help them to evolve a consumer-ready product.

Explanation 6. The first Share Market of India was established in Mumbai in 1875. It is the oldest Stock Exchange of Asia.

Explanation 7. Indian Renewable Energy Development Agency has launched the new Green Masala Bond on the International Securities Market of London Stock Exchange. The main purpose of this bond is to raise funds to finance renewable energy projects across India.

Explanation 8. BANKNET is known as the network for common data communication for the Banks and Financial Institutions launched by RBI. It is a payment network which works within India and was launched in 1991.

Explanation 9. The concept of Micro Finance was launched in the year of 2002. It refers to the financial services, including loans and insurance, available to the poor entrepreneurs and small business owners who wouldn't qualify for a standard bank loan.

Explanation 10. If a loan is repaid by cheque,it does not effect the total bank reserves.

Explanation 11. Safe Deposit is not the component of Bank deposits.

Explanation 12. The new market is connected with new issue of currency notes , issue of IPO and new issue of treasury bills.

Explanation 13. BIFR stands for Board for Industrial and Financial Reconstruction. It is a part of the Department of Financial Services of Ministry of Finance.

Explanation 14. Mahesh Kumar Jain is the CEO of IDBI Bank. It is an Indian government-owned financial service company. It was formerly known as the Industrial Development Bank of India

Explanation 15. "Aao Sochein Bada" is the tagline of IDBI Bank. It was established in 1964.