Banking Awareness Quiz for Bank Exams Set – 2

Banking Awareness Quiz

Dear Readers,

Welcome to Mentor for Current Affairs. Here I am presenting Banking Awareness Quiz for Bank Exams Set – 2 for upcoming bank exams like IBPS/BOB. Aspirants preparing for those exams can make use of these updates. Thank you.

00:00:00

1. What does the letter “F” denotes in the Acronym FMCG?

A. Foreign

B. Fixed

C. Financial

D. Fast

E. Fiscal

2. Which of the following rates signals the RBI’s long term outlook on interest Rates?

A. Repo Rate

B. Reserve Repo Rate

C. Bank Rate

D. Cash Reserve Ratio (CRR)

E. Statutory Liquidity Ratio

3. Who among the following is not present “Deputy Governor” of Reserve Bank of India [RBI]?

A. Urjit Patel

B. Shyamala Gopinath

C. R.Gandhi

D. H.R.Khan

E. S.S.Mundra

4. A “Certificate of Deposit” can be issued by _____________

A. Bank / Financial Institution

B. Corporate Companies

C. Central / State Governments

D. Municipal Corporation

E. Any of the above

5. New Private Sector Banks are being given licenses since ____________

A. 1991

B. 1993

C. 1996

D. 1999

E. 2001

6. Which one of the following methods is currently used in India to issue notes?

A. Proportional Reserve System

B. Fixed Fiduciary System

C. Minimum Reserve System

D. Fiscal Reserve System

E. Budget Reserve System

7. “Nikkei” is a stock market index of which of the following Asian country?

A. Japan

B. China

C. Hong Kong

D. South Korea

E. Singapore

8. Which of the following is the minimum interest rate fixed by individual banks below which cannot lend funds, except cases the govt. Sponsored schemes?

A. Bank Rate

B. Base Rate

C. Repo Rae

D. Market Rate

E. Exchange Rate

9. “CTS” stands for ____________

A. Cheque Transfer System

B. Cheque Trade System

C. Cheque Truncation Solution

D. Cheque Truncation System

E. Cheque Transfer Solution

10. ___________ per depositor across all banks is the maximum Deposit amount insured by Deposit Insurance Credit Guarantee Corporation (DICGC).

A. Rs.25,000

B. Rs.50,000

C. Rs.1,00,000

D. Rs.2,00,000

E. Rs.5,00,000

Answers:

1)d (FMCG – Fast Moving Consumer Goods also known as Consumer Packaged Goods)  

2)c   3)b   4)a   5)b   6)c   7)a   8)b   9)d   10)c

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