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Banking Awareness Quiz 2018 Latest IBPS Bank Quiz Online Questions & Answers

Banking Awareness Quiz

Check Latest Banking Awareness Quiz to do online practice of Bank Exam!!! A bank is a financial institution made for the convenience of the contenders that can support them through various numbers of facilities. Bank accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets also. Due to the variety of services and good scope of the job, contenders want to become the part of banking sector as employee also.

Institute of Banking Personnel Selection appoints contenders on vacant positions by conducting competitive examinations. To do preparation of the exam, contenders need to have proper material and knowledge of the exam. Below mentioned Latest IBPS Bank Online Questions & Answers and Banking Awareness Quiz 2018 can help you well, so please have a look as soon as possible. For detailed information about IBPS Banking Awareness Quiz, you need to check this page by moving your cursor downwards soon.

IBPS Vacancies Details:

Institute of Banking Personnel Selection conducts sequences of Common Written Exams in a year i.e. once for each of PO (General Banking Officer – GBO), Clerical (Single Window Operator – SWO), Specialist Officers. These examinations are conducted for appointing candidates into Public Sector Banks and Regional Rural Banks as per the requirements. Banking Awareness Quiz can help you to do preparation of the exam.

Selection Procedure:

Institute of Banking Personnel Selection conducts two levels comprising Tier 1 and tier 2. In tier 1, contenders have to appear in Prelims examination and only qualified contenders in tier 1 will attend tier 2 i.e. mains examinations. In order to appoint contenders on above said positions, organization conducts Interview section. Final selection of the contenders will be made on the basis of their performance in pre, mains and Interview rounds.

Participating Banks:

Institute of Banking Personnel Selection conducts written examination nearly all the major Public Sector Banks Excluding SBI. The 21 banks which are participating in the CWE which are well provided below, so please have a look:

Allahabad BankAndhra Bank
Bank of BarodaBank of India
Bank of MaharashtraBharatiya Mahila Bank
Canara BankCentral Bank of India
Corporation BankDena Bank
IDBI BankIndian Bank
Indian Overseas BankOriental Bank of Commerce
Punjab National BankPunjab & Sind Bank
Syndicate BankUnion Bank of India
United Bank of IndiaUCO Bank
Vijaya Bank

Banking Awareness Quiz

Our team members of recruitmentresult.com have provided you 50 questions as an Online Practice Test for IBPS for the Bank Exam preparation. With the help of below mentioned online test quiz, chances of qualifying the examination will be increased. Banking Awareness Quiz with all the IBPS Bank Online Questions & Answers is well provided, so please have a look and grab rest details about Banking Awareness Quiz as soon as possible:

Question.1 Risk in case of fluctuation of interest rates is categorized as _________ risk.

  1. Operational
  2. Market
  3. Systemic
  4. Credit
  5. Either (1) or (2)

Ans: Market

Question.2 The relationship between banker and customer in the case of locker transaction is:

  1. Bailor – Bailee
  2. Agent – Principal
  3. Trustee – Beneficiary
  4. Baillee – Bailor
  5. Lessee – Lessor

Ans: Baillee – Bailor

Question.3 Bank maintains secrecy of a customer’s account and do not disclose its affairs except under certain circumstances. This is done as per the requirements of :

  1. RBI Act, 1934
  2. Banking Regulation Act,1949
  3. Negotiable Instruments Act 1881
  4. Implied Contract
  5. Banking Companies (Acquisition & Transfer of Undertakings) Act,1970

Ans: Banking Companies (Acquisition & Transfer of Undertakings) Act,1970

Also Check- How to Find Online Study Material

Question.4 A demand draft:

  1. is a promissory note
  2. is a bill of exchange
  3. can be treated as Promissory Note or Bill of Exchange at the option of the holder
  4. prepaid instrument
  5. None of these

Ans: prepaid instrument

Question.5 ‘CAMELS’ rating in India was introduced on the recommendations of :

  1. Kannan Committee
  2. Vaghul Committee
  3. V. Gupta Committee
  4. N.L. Mitra Committee
  5. Padmanabhan Committee

Ans: Padmanabhan Committee

Question.6 Which of the following organization / agencies is not directly associated with functioning of the financial sector in India ?

  1. NABARD
  2. ECGC
  3. EXIM Bank
  4. IRDA
  5. UGC

Ans: UGC

Question.7 Which of the statements about the Reserve bank of India (RBI) is not correct ?

  1. RBI is called the Banker’s Bank
  2. RBI announces the credit and Monetary
  3. RBI is the custodian of the Foreign of the country
  4. Finance Secretary of Central Government holds the charge of the Governor of the RBI
  5. None of the above

Ans: Finance Secretary of Central Government holds the charge of the Governor of the RBI

Question.8 Who amongst the following is well known for his work on micro credit ?

  1. Manmohan Singh
  2. Nelson Mandela
  3. Muhammad Yunus
  4. A. P. J. Abdul kalam
  5. None of these

Ans: Mr. Muhammad Yunus

Question.9 Which of the following taxes is the major source of the income of the union Governmen t?

  1. Fringe benefit tax
  2. VAT
  3. Cash withdrawal Tax
  4. Income tax
  5. None of the above

Ans: Income tax

Question.10 The headquarters of the NABARD is situated in :

  1. New Delhi
  2. Mumbai
  3. Luck now
  4. Kolkata
  5. Bangalore

Ans: Mumbai

Check– Latest Current Affairs for Bank Exam

Question.11 The small industries Developm-ent Bank of India was established as a wholly owned subsidiary of:

  1. ECGC
  2. RBI
  3. NABARD
  4. IDBI
  5. SBI

Ans: IDBI

Question.12 First share market in India was established in which of the following cities :

  1. Delhi
  2. Chennai
  3. Mumbai
  4. Ahmedabad
  5. Kolkata

Ans: Mumbai

Question.13 Term ‘Balance of Payment’ is used in relation to which of the following ?

  1. Diplomatic relations
  2. Exports and Imports
  3. Annul production in a factory
  4. Deficit in Union Budget
  5. None of these

Ans: Exports and Imports

Question.14 Which of the following rate / rations is not covered under the RBI Monitory and credit policy?

  1. Bank rate
  2. Exchange rate of foreign currencies
  3. Repo Rate
  4. Reverse Repo Rate
  5. None

Ans: Exchange rate of foreign currencies

Question.15 When the loan is granted by a bank for purchase of white goods it is called ?

  1. Consumption loan
  2. White goods loan
  3. Consumer durable loan
  4. White fertilizers loan
  5. None

Ans: Consumer durable loan

Question.16 Who among the following is not the present Deputy Governor of the RBI ?

  1. Subir Gokaran
  2. S .Viswanathan
  3. Viran V.Acharya
  4. P. Kanungo
  5. None of the above

Ans: Subir Gokaran

Must Read: How to Crack IBPS Exam

Question.17 TRAI regulates the functioning of which of the following?

  1. Insurance
  2. Banking
  3. Stock Market
  4. Transport
  5. Telecom

Ans: Telecom

Question.18 A company declares dividend before finalization of balance sheet, such dividend is called as _________ dividend.

  1. Ex-gratia
  2. Interim
  3. Temporary
  4. Intermittent
  5. Part

Ans: Interim

Question.19 Difference between purchase and sale price of currency is called _________

  1. Dealer’s spread
  2. Margin
  3. Exchange commission
  4. Arbitrage
  5. None of these

Ans: Dealer’s spread

Question.20 A Saving Bank account becomes in-operative when it is not operated for _________

  1. 6 months
  2. 12 months
  3. 2 years
  4. 3 years
  5. None of these

Ans: 2 years

Question.21 Foreign banks with minimum 20 branches in India have been advised by RBI to lend at least to priority sector.

  1. 40% of net bank credit
  2. 40% of Adjusted Net Bank Credit
  3. 40% of off balance sheet exposure
  4. Higher of (1) or (3) above
  5. Higher of (2) or 3 above

Ans: 40% of Adjusted Net Bank Credit

Get here all: Bank Exam Pattern

Question.22 A substandard loan is classified as doubtful when it is maintained as :

  1. NPA for 18 months
  2. Substandard asset for 18 months
  3. NPA for 12 months
  4. Substandard 12 months
  5. None of these

Ans: Substandard 12 months

Question.23 Capital Adequacy ratio of a bank is calculated by dividing capital fund with _________ and multiplying by 100.

  1. Total Assets
  2. Tangible Assets
  3. Risk weighted Assets
  4. Risky Assets
  5. All assets except cash balance with RBI and investment in Govt. securities

Ans: Risk weighted Assets

Question.24 The money market instrument developed by CCIL is called :

  1. CD
  2. CP
  3. CBLO
  4. FD
  5. None of these

Ans: CBLO

Question.25 Any appeal against order of the Recovery officer of DRT can be filed with :

  1. The Presiding Officer of the DRT
  2. Chairperson of the DRAT
  3. Deputy Governor of RBI
  4. Either (1) or (3)
  5. Either (2) or (3)

Ans: The Presiding Officer of the DRT

Question.26 The process of issue of new securities to existing shareholders at a ratio to those already held is called:

  1. Private placement
  2. FPO
  3. Rights issue
  4. Book building
  5. None of these

Ans: Rights issue

Question.27 Number of digits in PAN card is:

  1. 10
  2. 12
  3. 15
  4. 20
  5. 7

Ans: 10

Question.28 Increase in Net Working Capital of a firm indicates that :

  • Current assets are being financed by long term sources
  • Current liabilities are being used for financing long term uses
  • The firm is relying heavily on borrowed funds
  • All above
  • None of these

Ans: Current assets are being financed by long term sources

Question.29 As per RBI current guidelines duplicate draft is required to be issued within a maximum period of:

  1. 21 days
  2. 14 days
  3. 7 days
  4. 3 days
  5. As per bank’s discretion

Ans: 14 days

Get here: Bank Preparation Material

Question.30 In which of the following accounts nomination is not allowed?

  1. Self-operated deposit account in the name of minor
  2. Sage custody of articles deposited by an individual singly
  3. Locker account with joint operations by two or more locker holders
  4. All above
  5. None of these

Ans: Self operated deposit account in the name of minor

Question.31 Under Right to Information Act, 2005 who can ask for relevant information ?

  1. NRI
  2. Indian Citizen
  3. Ambassador of a foreign country in India
  4. Any Foreigner
  5. Only (1) and (2)

Ans: Only (1) and (2)

Question.32 Non Resident Ordinary account can be opened as:

  1. Term deposit
  2. Savings deposit
  3. Recurring deposit
  4. Current deposit
  5. Any one of these

Ans: Any one of these

Question.33 Maximum amount of education loan that can be sanctioned with-out insisting on collateral secur-ity if third party guarantee acceptable to the bank is furnished:

  1. 4 lakh
  2. 10 lakh
  3. 15 lakh
  4. 7.5 lakh
  5. 5 lakh

Ans: Rs. 7.5 lakh

Question.34 Demand Deposits are those which can be withdrawn _________

  1. On Request
  2. On Sanction by Manager
  3. On Demand
  4. On Persuasion
  5. With prior notice

Ans: On Demand

Question.35 Time limit to approach for legal action in case of cheque dishonoured for insufficiency of funds is:

  1. One month from the expiry of notice period
  2. 15 days from the expiry of notice period.
  3. Two month from the expiry of notice period.
  4. Forty five days from the expiry of notice period.
  5. No such limitation.

Ans: One month from the expiry of notice period

Question.36 What is the full form of CIN in case of a company?

  1. Core Identity Number
  2. Customer Identity Number
  3. Company Identify Number
  4. Corporate Identity Number
  5. Centralised Identification Number

Ans: Corporate Identity Number

Question.37 What is true about Code of bank’s commitment to customers (COB CTC)?

  1. It is formulated by BCSBI It mentions the minimum standard of service a bank
  2. Undertakes to provide to its individual customers
  3. All banks are required to adopt this code
  4. BCSBI will monitor this code
  5. All the above

Ans: All the above

Check Out: Books for SBI Exam

Question.38 Bank can’t proceed against the borrower under SARFAESI Act where :

  1. Security is Agriculture Land
  2. Liability is less than Rs. 1 lakh
  3. Liability is less than 20% of the principal
  4. Documents are time barred
  5. All of the above

Ans: All the above

Question.39 Interest in SB account is calculated on  _________

  1. Minimum balance during the month
  2. Balance as on 30th of the month
  3. Minimum balance between loth and last day of the month
  4. On daily balance basis
  5. None of the above

Ans: On daily balance basis

Question.40 What is the time period under SARFAESI Act for replying the borrower, in case he raises an objection for possession of the asset?

  1. 60 days
  2. 30 days
  3. 15 days
  4. 3 days
  5. 45 days

Ans: 15 days

Question.41 The “in-principle” approval for setting up ‘small finance banks’ granted by RBI will be valid for-

  1. 12 Months
  2. 24 Months
  3. 10 Months
  4. 18 Months
  5. 30 Months

Ans: 18 Months

Question.42 Which of the following is an independent commodity exchange based in Mumbai?

  1. MGEX
  2. MCE
  3. MDEX
  4. MCX
  5. MEX

Ans: MCX

Question.43 Which of the following is a pension scheme focused on the workers in the unorganised sector?

  1. SSY
  2. AMRUT
  3. APY
  4. PMAY
  5. None of the given options is true

Ans: APY

Question.44 An Indian rupee denominated bond issued outside India is called-?

  1. Yankee bond
  2. Bulldog bond
  3. Uridashi bond
  4. Samurai bond
  5. Masala bond

Ans: Masala bond

Get here: Bank Placement Papers

Question.45 Who among the following appoints the “Authorized Dealers” for foreign exchange transactions?

  1. GOI
  2. RBI
  3. PSBs
  4. FEDAI
  5. FIMMDA

Ans: FEDAI

Question.46 SMERA Ratings Limited is a full service Credit Rating Agency, registered with-

  1. ECAI
  2. RBI
  3. SEBI
  4. NSIC
  5. NABARD

Ans: SEBI

Question.47 Which of the following is India’s first Credit Information Company?

  1. CRISIL
  2. CIBIL
  3. SMERA
  4. CERSAI
  5. CARE

Ans: CIBIL

Question.48 Which of the following is an apex financial institution for housing?

  1. AIFI
  2. NHB
  3. DFI
  4. SIDBI
  5. NABARD

Ans: NHB

Question.49 NHB is wholly owned by ______

  1. GOI
  2. RBI
  3. SEBI
  4. NABARD
  5. Finance Ministry

Ans: RBI

Question.50 The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offer loans to-

  1. Multinational Banks
  2. Multinational Financial Institutions
  3. Middle Income Developing Countries
  4. Non-Government Organizations
  5. None of the given options is true

Ans: Middle Income Developing Countries

Check Out Month wise: Latest Current Affairs

Types of Bankers:

Contenders are informed that there are various types of bankers who work in different- different disciplines. Contenders can check those types by scrolling down this page as soon as possible for getting more updates.

AdvisingMerchant
CentralMutual savings
CommercialNational
Community developmentOffshore
CooperativePostal savings
Credit unionPrivate
CustodianPublic
DepositoryRetail
DirectSavings
Export credit agencySavings and loan
InvestmentUniversal
Industrial

Online Test Practice for Bank Exam

START:  General Knowledge Online Test

START:  Quantitative Aptitude Online Test

START:  Reasoning Online Test

START:  English Online Test

Banking Awareness on the basis of Banking Terms:

  • Automatic teller machine,
  • Bank regulation,
  • Loan
  • Money creation
  • Anonymous banking
  • Ethical banking
  • Fractional reserve banking
  • Islamic banking
  • Private banking

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Something That You Should Put an Eye On:

Private Bank JobsIBPS Eligibility
IBPS Clerk SalaryIBPS Clerk Syllabus/ Exam Pattern
IBPS PO syllabusBank PO Commonly Asked Questions
IBPS Current Affairs/Online QuizBanks Under IBPS
How to Prepare For IBPSIBPS RRB Syllabus

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