Banking Awareness Quiz for upcoming IBPS Exams :-
Q1. You keep your money in a __________and write a check when you want to pay a bill or transfer some of your money to someone else:
Q1. You keep your money in a __________and write a check when you want to pay a bill or transfer some of your money to someone else:
a) Any Account
b) Savings Account
c) Checking Account
d) None of These
d) None of These
Q2. NOW stands for:
a) New Orders Withdrawals
b) Negotiable Orders or Withdrawals
c) Negotiable Or Withdrawals
d) None of These
Q3. Only _________customers may open NOW accounts:
a) Businessman
b) Non - Business
c) rural
d) None of These
Q4. Sometimes bank require you to keep a certain minimum amount of money ( a minimum balance) in your NOW account in order to keep earning _______:
a) Interest
b) Specific Determined Amount
c) Surplus Money
d) None of These
Q5. Businesses must use regular ________accounts:
a) Checking
b) NOW
c) Savings
d) None of These
Q6. CD (in Banking Term) stands for:
a) Comparable Deposit
b) Certificates of Deposit
c) Cheque for Deposit
d) None of These
Q7. Banks do not offer _______privileges on certificates of deposit:
a) Check Writing
b) Interest
c) Any
d) None of These
Q8. Which of following is correct, Regarding Opening a Savings Account:
a) You don't need a lot of money to start a savings account.
b) Nor do you need to wait until you are 18 years.
c) In most cases, you can open a savings account as soon as you are old enough to sign your name or even earlier if you open the account with a parent or guardian.
d) All of Above
e) None of These
Q9. EFT stands for:
a) Earned Finance Transfer
b) Electronic Funds Transfer
c) Electronic File Transfer
d) None of These
Q10. Which of the following is correct, Bank may fail because:
a) Sometime banks fail because the people who run them make poor business decisions such as expanding too quickly, pushing too much money into one type of loan or using bad judgment making loans.
b) Sometime banks fail because of fraud.
c) If the president makes questionable loans to friends or hires unqualified people and pay them huge salaries.
d) All of Above
e) None of These
Q11. Do depositors lose money if their bank is robbed:
a) Yes
b) No
c) None of These
Q12. Electronic Banking includes:
a) Impact of Information and telecommunication technologies on banking
b) Automated Teller Machines (ATM)
c) Tele-Banking, Internet Banking, Mobile Banking, Electronic Funds Transfer, Electronic Clearing System
d) All of Above
e) None of These
Q13. Enactment of Banking Regulation Act was done in:
a) 1947
b) 1949
c) 1951
d) None of These
Q14. The banks which are involved in international lending and foreign currency trading , in addition to the more typical banking services are known as:
a) World Bank
b) Global Banks
c) Regional Bank
d) None of These
Q15. The various objectives of credit control by RBI are:
a) To obtain stability in the internal price level.
b) To attain stability in exchange rate.
c) To stabilize money market of a country.
d) To eliminate business cycles - inflation and depression by controlling supply of credit
e) All of Above
f) None of These
Q16. In which among the following state of India, RTI week 2012 was launched:
a) Meghalaya
b) Nagaland
c) Sikkim
d) None of These
Q17. "Where every Individual is committed" is punchline of which bank:
a) Andhra Bank
b) Oriental Bank of Commerce
c) Panjab and Sindh Bank
d) None of These
Q18. "Your Faithful and Friendly Financial Partner" is slogan of:
a) Vijaya Bank
b) Syndicate Bank
c) Yes Bank
d) None of These
Q19. "The World's Local Bank" is slogan of:
a) Bank of Baroda
b) HSBC
c) Federal Bank
d) None of These
Q20. The Slogan of J & K Bank is:
a) Serving To Empower
b) We understand your world
c) Trusted Family Bank
