Banking Awareness Quiz for IBPS CLERK MAINS | 19th December 2018

Banking Awareness Questions for Bank Exams 2018. Banking Awareness Questions, Quiz for All Bank Exams like IBPS PO Clerk, IBPS RRB, SBI & LIC and other government exams.

Q1. Which of the following is not a measure adopted by the Government or RBI to control inflation?

(a) Monetary policy

(b) Fiscal policy  

(c) Public distribution system

(d) Price control

(e) Financial inclusion

Q2. Whenever RBI does some Open Market Operation transactions, actually it wishes to regulate which of the following?

(a) Inflation only 

(b) Liquidity in economy  

(c) Borrowing powers of the banks  

(d) Flow of foreign direct investments

(e) None of the above

Q3. The stock market index of London, stock market is referred as

(a) Sensex

(b) footsie (FTSE)

(c) nifty

(d) bullish

(e) None of these

Q4. What is the full form of ‘ULIP’, the term which was in the news recently?

(a) Universal Life and Investment Plan

(b) Unit Loan and Insurance Plan

(c) Universal Loan and Investment Plan

(d) Uniformly Loaded Investment Plan

(e) Unit Linked Insurance Plan

Q5. Mutual funds are regulated by

(a) Association of Mutual Funds of India (AMFI)

(b) Securities and Exchange Board of India (SEBI)

(c) Reserve Bank of India

(d) IRDA

(e) None of the above

Q6. BoP (Balance of Payment) refers to

(a) transactions in the flow of capital

(b) transactions relating to receipts and payment of invisible

(c) transactions relating only to exports and imports

(d) systematic record of all its economic transaction with the rest of the world

(e) All of the above

Q7. Which of the following is the component of India’s Foreign Exchange Reserve?

(a) Special drawing rights

(b) Reserve tranche position of India in IMF

(c) Indian currency held by foreign countries

(d) Both ‘1’ and ‘2’

(e) All of the above

Q8. In India, which of the following agencies is responsible for announcing the Foreign Trade Policy?

(a) RBI

(b) EXIM Bank

(c) Foreign Ministry 

(d) Industry and Commerce Ministry

(e) None of the above

Q9. Debt service refers to

(a) interest payments on international debt as a percentage of a nation ‘merchandise exports

(b) the outflows from a nation’s capital account to pay for its imports of foreign services

(c) the outflows from a nation’s current account to pay for its import of foreign services

(d) debt owed to a nation for the export of its services

(e) international debt representing all the services transacted on all nation’s balance of payments accounts

Q10. Which of the following is known as plastic Money?

I. Demand Draft

II. Credit Card

III. Debit Card

Select the correct answer using the codes given below

(a) Only I

(b) Only II

(c) Only III

(d) Both II and III

(e) All of the above


S1. Ans.(e)

S2. Ans.(b)

S3. Ans.(b)

S4. Ans.(e)

S5. Ans.(b)

S6. Ans.(e)

S7. Ans.(d)

S8. Ans.(d)

S9. Ans.(c)

S10. Ans.(d)

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