Banking & Finance Awareness Quiz Set -1 : IBPS PO | IBPS RRB| IBPS Clerk| SBI| RBI

Banking & Finance Awareness Quiz

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In order to help in your good preparation, here we are presenting you a “Banking & Finance Awareness Quiz” for IBPS PO, IBPS Clerk, IBPS RRB, SBI PO,RBI, NICL, SBI SO, LIC, IBPS Exams, SBI Exams and other competitive exams.

Banking & Finance Awareness Quiz Set -1

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1.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

2.Union Government has decided to re-print the one rupee note froth January 1, 2015 after the gap of almost two decades. Printing of the one rupee note was stopped in which year?
A. 1990
B. 1994
C. 1996
D. 2000
E. 2006

3.Which country launched world First Facial recognition ATM?
A. China
B. Japan
C. US
D. Canada
E. Brazil

4 The policy of surplus budgeting may be resorted to, when economy is confronted with…
A. Inflation and is experiencing economic boom
B. Deflation and unemployment
C. Recession and unemployment
D. Depression and low investment
E. Other than the given options

5.The New Development Bank (NDB) aims to mobilize resources for development projects in BRICS, emerging economies and developing countries. Where is the headquartered of NDB?

A. Durban, South Africa
B. Brasilia, Brazil
C. Moscow, Russia
D. Shanghai, China
E. New Delhi, India

6.Which of the following instruments represent the share in Indian companies in India being traded
in America/Europe?
A. ADR/GDR
B. IDR/ADR
C. GDR/IDR
D. Zero coupon Bonds
E. Debentures

7.One of the major emphasis of Base II is that banks should have-
A. adequate Capital Adequacy Ratio
B. only few branches in urban centres
C. more and more branches in rural areas
D. core banking mode of operation
E. All of the above

8.When Ombudsmen Scheme was first introduced in India?
A. July 1995
B. April 1995
C. June 1995
D. August 1995
E. All of these

9.Which bank has launched India’s first Artificial Intelligence (AI)-based banking chatbot “Electronic Virtual Assistant (EVA) for customer service?
A. Axis Bank
B. ICICI Bank
C. YES Bank
D. SBI
E. HDFC Bank

10.Negotiated Dealing system relates to:
A. trading at stock markets
B. settlement of security dealings
C. trading in Govt. Securities
D. Settlement of share payments
E. None of these

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Answers

1. D. 5 crores
2. B. 1994
3. A. China
4. A. Inflation and is experiencing economic boom
5. D. Shanghai, China
6. A. ADR/GDR
7. A. adequate Capital Adequacy Ratio
8. June 1995
9. E. HDFC Bank
10. C. trading in Govt. Securities

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