Dear Aspirants,
Welcome to Mentor for Bank Exams.
Here is the Banking Awareness Quiz to help you practice with the best
of latest pattern questions for the upcoming IBPS PO, IBPS Clerk and other bank
and Insurance Exams.
1. What is the maximum period that the beneficiary is allowed for
presentation of documents under a letter of credit to the nominated bank for
negotiation purpose?
A. 7 banking days
B. 14 banking days
C. 21 banking days or
21 days of date of bill of lading whichever is later
D. 21 calendar days from date of shipment i.e. date of bill
of lading
E. 21 calendar days from date of the sailing of the ship to
its destination
2. Which of the following is an electronic trading platform, operated by
the Reserve Bank of India, used to facilitate the exchange of government
securities and other money market instruments?
A. Negotiated Dealing
System
B. Payment and Settlements System
C. Sachet
D. All of the above
E. None of these
3. CBLO Stands for _________
A. Collateralized
Borrowing and Lending Obligation
B. Collective Borrowers and Lenders Obligation
C. Collateralized Borrowing and Lending Organization
D. Collective Borrowing and Lending Obligation
E. Collective Borrowers and Lenders Organization
4. What are the services available under IMPS?
A. NUUP
B. Merchant Payments
C. Funds Transfer and Remittances
D. Both (A) and (B)
E. All of the above
5. Who is the father of Green Revolution in India?
A. Garry Backer
B. M. S. Swaminathan
C. Norman E. Borlaug
D. T.S.R. Subramaniam
E. None of these
6. Infrastructure Finance Company (IFC) is a non-banking finance company
has a minimum Net Owned Funds of _______.
A. Rs.100 Crore
B. Rs.200 Crore
C. Rs.300 Crore
D. Rs.400 Crore
E. Rs.500 Crore
7. ’Blue Revolution’ is related to —
A. Space research
B. Poultry
C. Fisheries
D. Drinking water
E. None of these
8. In which of the following city, the first women Post office in the country
has been established in March 2013?
A. New Delhi
B. Mumbai
C. Kolkata
D. Noida
E. Bangalore
9. A market established for the buying and selling of precious metals
such as Gold and Silver is termed as ________
A. Money Market
B. Capital Market
C. Bullion Market
D. All of the above
E. None of these
10. In letter of credit transactions, the Bank which is allowed to make
payment against the documents is called:
A. confirming bank
B. nominated bank
C. advising bank
D. issuing bank
E. reimbursing bank
11. Headquarter of Agriculture of Finance Corporation(AFC) is situated
at_______
A. Gurugram
B. Noida
C. New Delhi
D. Hyderabad
E. Mumbai
12. IRDA is associated with —
A. Railways
B. Insurance Sector
C. Telecommunication
D. Banking
E. None of these
13. What is the full form of CERSAI?
A. Central Registry of
Securitisation Asset Reconstruction and Security Interest
B. Combined Registry of Securitisation Agency Reconstruction
and Security Interest
C. Central Registry of Securitisation Agency Reconstruction
and Security Interest
D. Combined Registry of Securitisation Asset Reconstruction
and Security Interest
E. None of these
14. In which state, Punjab National Bank has installed the first
Biometric ATM ?
A. Rajasthan
B. Delhi
C. Haryana
D. Uttar Pradesh
E. Bihar
15. Which bank has become the first private sector bank to sell Indian
gold coins?
A. Karur Vysya Bank
B. ICICI Bank
C. Federal Bank
D. Dhanlaxmi Bank
E. IndusInd Bank
