Banking and Finance Awareness Quiz for IBPS PO

Banking and Finance Awareness Quiz for IBPS PO. Welcome to the www.letsstudytogether.co online learning section. If you are preparing for IBPS PO/Clerk, IBPS RRB OS/OA 2017 exam, you will come across a section on Banking and Finance Awareness Section. Here we are providing you Banking and Finance Awareness Quiz for IBPS PO based on the latest pattern for your daily practice.

This “Banking and Finance Awareness Quiz for IBPS PO” is also important for other banking exams such as IBPS PO, IBPS Clerk, SBI Clerk, IBPS RRB Officer, IBPS RRB Office Assistant, IBPS SO, SBI SO and other competitive exams.

Banking and Finance Awareness Quiz for IBPS PO Mains 2017

1.Which of the following ministry has launched the National Career Service (NCS) and Jeevan Pramaan facility to the EPFO pensioners through Post Offices?

A. Ministry of Science and Technology
B. Ministry of Human Resource Management
C. Ministry of Finance
D. Ministry of Labour and Employment
E. None of these

2. Gross domestic product is a measure of the total value of all

A. consumer income in an economy over a period of time
B. capital accumulation in an economy over a period of time
C. sales in an economy over a period of time
D. Final goods and services produced in an economy over a period of time
E. Final as well as intermediate goods and services produced in an economy over a period of time

3.The securities that are purchased by banks with the intention to take advantage of price movement, are classiffed as:

A. held till maturity
B. available for sale
C. held for trading
D. Fluctuating securities
E. None of these

4.What is the minimum limit for depositing in the PMGKY scheme?
A. 15% of undisclosed income
B. 20% of undisclosed income
C. 25% of undisclosed Income
D. 30% of undisclosed income
E. None of these

5. Which of the following banks has opened the country’s first, ‘Cash Factory’ in Lucknow which will issue currency notes to all its branches and ATM in that area?
A. Bank of India
B. Bank of Baroda
C. State Bank of India
D. Union Bank of India
E. PNB

6.The Reserve Bank of India was established in 1935 with a capital of _____ crore.

A. 50 lakhs
B. 1 crores
C. 2 crores
D. 5 crores
E. 10 crores

7.What is the main function of RBI?
I. Issues and exchanges or destroys currency and coins not fit for circulation.
II. Maintains banking accounts of all scheduled banks and non-scheduled banks
III. Performs merchant banking function for the central and the state governments; also acts as their banker.
IV. It manages the foreign exchange of the country.
V. RBI is the regulator and supervisor of the financial system in the country. It prescribes broad parameters of banking operations within which the country’s banking and financial system functions.

A. I, II, III and IV
B. II, III, IV and V
C. I, II, III and V
D. I, III, IV and V
E. None of these

8.According to the Reserve Bank of India, any bank which refuses to exchange soiled notes from people will have to pay a penalty of Rs. ______.
A. Rs.5000
B. Rs.10000
C. Rs.15000
D. Rs.20000
E. Rs.25000

9.Which of the following commissions set-up by the President of India decides the distribution of tax incomes between the Central and State Governments?
A. Central Law Commission
B. Pay Commission for Government Employees
C. Administrative Reforms Commission
D. Planning Commission
E. Finance Commission

10. Per capita income is obtained by dividing National Income by
A. Total population of the country
B. Total working population
C. Area of the country
D. Volume of the capital used
E. None of the above

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