Banking Quiz Set For IBPS PO & Clerk Exams

Banking Quiz Set For IBPS PO & Clerk Exams

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

Q1.Which of the following cities has become the most attractive financial center across the globe ?

A]New York
B]London
C]Hong Kong
D]Tokyo
E]Beijing

Q2.NPCI has partnered with which of the following banks to launch the Ru Pay-powered digital debit card ?
A]Axis Bank
B]ICICI Bank
C]Yes Bank
D]Paytm Payments Bank
E]None of these

Q3.Who is the CMD of United India Insurance ?
A]Puneet Mittal
B]Abhimanyu Chauhan
C]M Nagaraja Sharma
D]Surinder Singh
E]Upen Patel

Q4.RBI would introduce 100 Rupees coin to mark the birth centenary of which of the following leaders ?
A]Jayalalita
B]Kashiram
C]Dr. M. D Ramachandran
D]Dr. B R Ambedkar
E]Jawaharlal Nehru

Q5.Which of the following Payments Banks has become the first Payments Bank in India to integrate UPI on its digital platform ?
A]Paytm Payments Bank
B]Airtel Payments Bank
C]Aditya Birla Nuvo
D]FINO Paytech
E]None of these

Q6.Which is the example of the near money ?
A]Bank Drafts
B]Fiat Money
C]Treasury Bills
D]50 Paise Coins
E]None of these

Q7.The arrangement in that more than one banks allow credit facilities to one in coordination with other under the formal arrangement is known as which of the following ?
A]Participation
B]Serialization
C]Consortium
D]Consolidation
E]None of these

Q8.Which of the following is associated to the International Bank for Reconstruction and Development ?
A]Asian Development Bank
B]IMF
C]Federal Bank
D]World Bank
E]None of these

Q9.Which of the following refers to the lowering or raising of central bank discount rate ?
A]Cash Reserve Ratio
B]Bank Rate Policy
C]Open Market Operation
D]1 and 3
E]None of these

Q10.Which of the following is referred as Gold Tranche ?
A]It is the loan system of World Bank
B]It is the credit system granted by the WTO to the members
C]It is the credit system granted by the IMF to the members
D]It is one of the operations of Central Bank
E]None of these

Q11.ESOP stands for which of the following ?
A]Employee Share Object Plan
B]Employee Stock Ownership Plan
C]Enter Share Object Plan
D]Employee Stock Option Play
E]None of these

Q12.Which of the following is a legal tender in modern economy ?
A]Cheques
B]Currency Notes
C]Bank Draft
D]Promissory Notes
E]All of these

Q13.Which is/are not the example of the primary securities ?
A]Share
B]Book Debts
C]New Currencies
D]Bonds
E]Bills

Q14.The Indian Financial System comprises of which of the following ?
A]Non- Banking Financial Institutions
B]Urban Cooperative Banks
C]Scheduled Commercial Banks
D]Unorganized sectors
E]All of these

Q15."We understand your world indeed" is the tagline of which bank ?
A]Axis Bank
B]ICICI Bank
C]Yes Bank
D]HDFC Bank
E]None of these

Answer with Explanation

Explanation 1. London has become the most attractive financial center across the globe according to the Z/Yen global financial centerd index. The ranks are given on the basis of infrastructure, high quality staffs and other factors. New York and Hong Kong are at 2nd and 3rd position respectively..

Explanation 2. NPCI(National Payment Corporation of India) has partnered with Paytm Payments Bank to launch the RuPay-powered digital debit card. By this card, the customers can be able to transact with all the merchants who accepts debit and credit card.

Explanation 3. M Nagaraja Sharma is the CMD of United India Insurance. Sharma, who is the Director and general manager of UII, is appointed by the Union Government .

Explanation 4. RBI would introduce 100 Ruppes coin to mark the birth centenary of AIDMK founder Dr. M. D Ramachandran. RBI would also launch Rs. 5 and Rs. 10 coins to honour the Bharat Ratna Awardee singer and former Chief Minister of Tamilnadu.

Explanation 5. Airtel Payments Bank has become the first Payments Bank in India to integrate UPI(Unified Payment Interface) on its digital platform. It would allow the customers to create the personalised UPI handles on the Airtel App. They can also make payments in both of the online and offline space.

Explanation 6. Treasury Bills are the example of the near money. These are the assets that can be readily converted into the cash i.e. bills of exchange.

Explanation 7. The arrangement in that more than one banks allow credit facilities to one in coordination with other under the formal arrangement is known as Consortium. It is an association of more than one companies, individuals, organizations or governments with objective to participate in the common activity for achieving a common goal.

Explanation 8. World Bank is associated to the International Bank for Reconstruction and Development. It is the international financial institution which provides the loans to the countries of world for the capital programs.

Explanation 9. Bank Rate Policy refers to the lowering or raising of central bank discount rate. It is the interest rate that a central bank charges on advances and loans to the commercial banks.

Explanation 10. Gold Tranche is the credit system granted by the IMF to the members. The amount of the gold which each member country of the IMF contributes as the part of the obligations of membership to fund and can borrow while facing the economic difficulties.

Explanation 11. ESOP stands for Employee Stock Ownership Plan. It is the qualified contribution-defined employee benefit plan which is designed to primarily invest in stock of sponsoring employer.

Explanation 12. Currency Notes are the legal tender in modern economy.

Explanation 13. New Currencies are not the example of the primary securities.

Explanation 14. The Indian Financial System comprises of Non- Banking Financial Institutions, Urban Cooperative Banks, Scheduled Commercial Banks and Unorganised sectors.

Explanation 15. "We understand your world indeed" is the tagline of HDFC Bank. Aditya Puri is the CEO of HDFC Bank.