Banking Awareness Quiz for IBPS Exams - Part 9

Banking Awareness Quiz for today :-
Q1. The Foreign Exchange Reserves of India are kept in the custody of:

a) International Monetary Fund

b) Reserve Bank of India

c) State Bank of India

d) None of These

Q2.  "Bank of Rajasthan" merged with which bank"

a) Global Trust Bank

b) ICICI Bank

c) Axis Bank

d) None of These

Q3. Which bank opened a Lockless branch at Maharashtra to respecting the local customs:

a) State Bank of India

b) UCO Bank 

c) Bank of Maharashtra

d) None of These

Q4. 'Drawer' in the bank cheques is:

a) Who receives the cheques

b) Who encash the cheques

c)Who issues the cheques

d) None of These

Q5. 'Drawee in the bank cheque is:

a) Who rejects the payment of cheques

b) Who encash the cheques

c) Always the Banker

d) None of These

Q6. Which was the first bank to set up talking ATM in India:

a) Union Bank

b) Dena Bank

c) ICICI Bank

d) None of These

Q7. In 1976, Narang Bank of India was acquired by which of the following bank:

a) UCO Bank

b) Union Bank

c) United Bank of India

d) None of These

Q8. Initially there were how many associate banks of State Bank of India in 1959:

a) Seven

b) Five

c) Two 

d) None of These

Q9. During the period of Inflation, tax rates should:

a) Increase

b) Decrease

c) Fluctuate

d) None of These

Q10. Biggest tax paying sector in India is:

a) Agricultural Sector 

b) Banking Sector 

c) Industrial Sector 

d) None of These

Q11. Which Indian Bank became the first to touch a market capitalization of Rs. 1,00,000 Crore in India:

a) SBI

b) Axis Bank

c) HDFC Bank

d) None of These

Q12. Insurance sector is regulated by which of the following institution/organization:

a) SEBI
b) IRDA

c) RBI

d) None of These

Q13. Expanded form of UCO Bank is:

a) United Cooperative Bank 

b) Union Commercial Bank

c) United Commercial Bank

d) None of These

Q14. IRDA stands for:

a) International Reconstruction and Development Association

b) Insurance Regulatory and Development Authority

c) Indian Road Development Agency

d) None of These

Q15. TRIPS and TRIMS are associated with which of following organization:

a) WTO

b) IMF

c) IDA

d) None of These

Q16. Which are the first two Indian Banks allowed to open branches in Pakistan in August, 2012:

a) SBI and Bank of India

b) Axis and HDFC Bank

c) HDFC and ICICI Bank

d) None of These

Q17. Which one of the leading nationalized bank in 2012 celebrated its 147th year of dedicated service to the nation and has introduced 'Interactive Voice Response':

a) Bank of Baroda

b) Indian Overseas Bank

c) Allahabad Bank

d) None of These

Q18. Which of the following is correct about ATM:

a) ATM is a computer which is dedicated to perform certain specific Jobs only

b) ATM is a user friendly machine and the customer does not require any training to use it

c) ATM is totally menu driven which displays instructions to the customers step by step  for operating the same

d) All of the Above

e) None of These

Q19. Universal Bank is one which:
a) present universally in all the countries of the world
b) Undertakes the functions of a development financial institution as well as a commercial bank
c) All of Above
d) None of These

Q20. The merchant banking activities in India are governed by which of the following bodies:
a) SEBI
b) IRDA
c) RBI
d) None of These

Take previous quiz :-

Banking awareness Quiz 1, Quiz 2, Quiz 3, Quiz 4 , Quiz 5 , Quiz 6, Quiz 7 and Quiz 8.