Banking and Finance Awareness Questions for IBPS PO Mains

Banking & Finance Awareness Quiz

Welcome to the As we know Banking & Finance Awareness section is one of the easiest and scoring sections in the Bank exam.

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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 -3

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1. A provision in most loan and insurance contracts which allows payment to be received for a certain period of time after the actual due date and is known as _______.
A. Term Period
B. Loan Period
C. Grace Period
D. None of these

2. As per Banking, a Certificate of Deposit is 
A. Negotiable Instrument
B. Transferrable Instrument
C. Honored Instrument
D. Only A & B

3.Which among the following is/are eligible to issue Commercial papers in India?
A. Corporates
B. Primary dealers
C. Financial Institutions
D. All of the above

4. Which of the following is the regulator of the Infrastructure Debt Fund set up as a trust?

5.It takes around _________ time depending on the drawee centre and collection arrangements to get outstation cheques realised on a Collection basis.

A. 3weeks
B. 5weeks
C. 1week
D. 2week

6.When the bank has not enough funds in the relevant account or the account holder requests that the cheque is ________ then the bank will return the cheque to the account holder.
A. Bounced
B. Honoured
C. Restarted
D. None of these

7. CGT stands for
A. Capital gain tribe
B. Crucial gain tax
C. Capital gain tax
D. Capital gross tax

8. It is the process at which the government Undertake austerity measures to put restrictions on its economy such as de licensing of industries, disinvestment from stack etc.
A. Fiscal Consolidation
B. Fiscal Policy
C. Monetary Consolidation
D. None of these

9.________ is not a pillar of Basel III.
A. Minimum capital standards
B. Supervisory review
C. Market discipline
D. Consolidation of assets

10.The first credit card facility to be recognized worldwide was _______.
A. RuPay card
B. Maestro card
C. MasterCard
D.Visa card

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  1. C. Grace Period
  2. D. Only A & B
  3. D. All of the above
  4. B. SEBI
  5. A. 3weeks
  6. A. Bounced
  7. C. Capital gain tax
  8. A. Fiscal Consolidation
  9. D. Consolidation of assets
  10. D. Visa card

Click here for Banking & Finance Awareness Quiz Set -1

Click here for Banking & Finance Awareness Quiz Set -2


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