Monthly Archives: November 2018

Banking Awareness Quiz 52

Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk

Welcome to your Banking Awareness Quiz 52

1.  In which of the following Sections of the Negotiable Instruments Act, 1881 has the term 'demand draft' been defined ?
2.  The head office of the Unique Identification Authority of India is located in which of the following cities ?
3. Which of the following sections of the Negotiable Instruments Act, 1881 is applicable for cases of dishonour of cheque?
4. Which of the following banks has the tagline, ‘Experience our Expertise’?
5. Which of the following motif has been printed boldly on the backside of the new Rs 100 note ?
6.  Foreign Exchange Reserves of India are kept in the custody of which of the following organisations ?
7.  Which of the following countries is a member of South Asian Association for Regional Cooperation (SAARC) ?
8. The Goods and Services Tax (GST) was implemented in India a short while ago. Which of the following taxes is not replaced by it ?
9.  What is the age limit for minors to operate a savings account in India ?
10.  What is the full form of LAF, as used in banking world very frequently ?
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Banking Awareness Quiz 51

Banking Awareness Quiz 51 for IBPS Po Mains  and IBPS Clerk

Welcome to your Banking Awareness Quiz 51

1.  When an e-Way Bill is generated, a unique e-Way Bill Number (EBN) is made available to the supplier, recipient, and the transporter. EBN consists of a total of how many digits ?
2. White Label ATMs or Non-bank ATM operators are authorized under which of the following Acts?
3.  Which of the following is not a component of a Financial System ?
4.  Which of the following is/are the elements of a Union Budget? 
I. Estimates of revenue and capital receipts 
II. Ways and means to raise the revenue 
III. Estimates of expenditure 
Select the correct answer using the codes given below:
5.  Where is the headquarters of the International Civil Aviation Organization (ICAO) located ?
6.  What is the dimension of the ₹ 50 banknote ?
7.  What is the limitation imposed by RBI on the denominations of the Indian currency to be issued ?
8.  Securities and Exchange Board of India (SEBI) has tightened the Know Your Customer (KYC) rules for foreign investors. According to the new rules, what is the stake that a person must own in a Foreign Portfolio Investor(FPI), structured as a company, to be considered as the Beneficial Owner ?
9.  What does NBFC, used often with respect to the banking sector, stand for ?
10.  The PIDF was set up for financing ongoing rural Infrastructure projects. What does 'I' stand for in 'RIDF' ?

Banking Awareness Quiz 50

Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk

Welcome to your Banking Awareness Quiz 50

1.  Whenever somebody needs foreign currency against Indian Rupee, banks give equivalent amount of desired currency based on prevalent rate, the rate is called as ____      ?
2.  Which of the following statements are correct with respect to the Foreign currency convertible bond (FCCB)? 
a. FCCBs are equity-linked debt securities which give the holder the right to convert the bond into equity or a depository receipt (DR) after a certain period of time. 
b. Companies issue foreign currency convertible bonds to raise money in Indian currency 
c. FCCBs are tradable on the stock exchange. 
d. Like any other debt raising instrument, FCCBs appear on the assets side of the balance sheet of the company issuing them.
3. What do you understand by Cheque Truncation System ?
4. The headquarter of World Bank is in _______?
5. The government has decided to increase the minimum support price (MSP) for kharif crops. This step will be applicable to several crops including rice. Which of the following commissions applies MSP ?
6. Which of the following is not true about “Payment Banks”?
7. India’s first integrated lifestyle and banking digital service platform named ‘YONO’ (acronym for ‘You Only Need One’) was launched by ____ ?
8. Which of the following Crypto currency Dealers launched India’s first mobile ‘Bitcoin trading' app for transacting in virtual currencies ?
9. Which of the following banks launched India’s first bond index series for overseas investors at the London Stock Exchange (LSE) ?
10.  In which of the following Indian cities is the headquarter of Bandhan Bank located  ?

Banking Awareness Quiz 49

Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk

Welcome to your Banking Awareness Quiz 49

1.  Which among the following debentures can not be converted into equity shares ?
2.  FSLRC is a body set up by Govt of India to look into Indian Financial Sector. What does S stands in FSLRC ?
3.  What is a Corporate Hedging ?
4.  What is the maximum limit on the amount of money that can be sent under RDA (Trade) ?
5.  The Indian Financial System Code (IFS Code) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement Systems in India. IFSC code consists of how many alphanumeric codes ?
6. Under Basel, ________ is designed to ensure that banks build up capital buffers during normal times which can be drawn down as losses are incurred during a stressed period ?
7. According to the Depositor Education and Awareness Fund (DEAF) Scheme 2014, deposits which were not operated or are unclaimed for which of the following periods had to be transferred annually to the DEAF account ?
8. Which among the following does not has a legal status ?
9. The theory for National Income level determination and equilibrium aggregate income & output in an economy was given by ?
10 . In which of the following bank accounts a depositor can deposit his funds multiple times and can also withdraw the amount multiple times he wishes ?