Banking Awareness Quiz for IBPS exams - Part 15

Banking awareness quiz for upcoming IBPS exams :-

Banking quiz

Q1. RBI is lender of last resort which reveals:
a) RBI advances money to public whenever there is any emergency
b) Commercial banks give fund to the RBI
c) RBI advances necessary credit against eligible securities to financial institutions
d) All of the above
e) None of the above



Q2.  Merchant Banking comes into existence in India in:
a) 1971
b) 1964 
c) 1965
d) 1967
e) None of These


Q3. Name of the bank which first time introduce the merchant banking in India is:
a) Imperial Bank of India
b) Grindlays Bank
c) United Bank
d) London Bank
e) None of These


Q4. State Bank of India started the Merchant Banking division in:
a) 1970
b) 1972 
c) 1974
d) 1975
e) None of These


Q5. Merchant Banks do not deals in:
a) providing services for mergers and acquisitions
b) regular banking services to the general public.
c) long term loans for companies
d) stock underwriting
e) None of These


Q6. Group of people such as workers who pool their money together for savings and to make loan is called a:
a) Loan Provider
b) Credit Union
c) Labour Union
d) State of Loan Union
e) None of These


Q7. Public Sector Banks refers to:
a) More people visit these banks
b)  RBI or Government of India or both have at least 51% shares in the Bank
c) Bank run by the government having the directors elected by the public
d) All of the Above
e) None of These


Q8. Largest Public Sector Bank in India is:
a) Allahabad Bank
b) ICICI
c) Punjab National Bank 
d) State Bank of India
e) None of These


Q9. Public Sector Banks Includes:
a) 20 Nationalized Banks + 5 SBI Associates + IDBI
b) 20 Nationalized Banks + SBI + 7 Private Banks
c) 19 Nationalized Banks + SBI + Private Sector Banks +IDBI
d) 19 Nationalized Banks + SBI + 5 SBI Associates + IDBI
e) None of These


Q10. Name of the commission which distributes the taxes between center and states:
a) National Development Council 
b) Finance Commission
c) Direct Tax Commission
d) Planning Commission
e) None of These


Q11. The term not related to economics is:
a) Consumer Surplus
b) Law of Motion
c) Law of Demand
d) Diminishing Marginal Utility
e) None of These


Q12. In India, all external payments are channeled through the:
a) Government of Related States
b) SBI
c) RBI
d) EXIM
e) None of These


Q13. Industrial Exit refers to:
a) Allowing Business Units to close down
b)  Forcing foreign companies to leave India
c) Allowing manufacturers to shift their line of products
d) All of Above
e) None of These


Q14. 3 Years ban on which of these Real Estate majors has been put by SEBI:
a) ANOS Real Estates
b) DLF
c) SUPERTECH
d) GML
e) None of These


Q15. Example of non-commercial bank is:
a) Loan to BPL families
b) Agricultural Loan
c) Loan to SC and ST Communities
d) All of Above
e) None of These


Q16. Loan taken for not doing a business, usually called:
a) Non Commercial Loan
b) Virtual Loan 
c) Commercial Loan
d) Individual Group Loan
e) None of These


Q17. Loan taken by the person, not telling the purpose of taking loan is called:
a) Non - Personal Loan
b) Hidden Loan
c) Concealed Loan
d) Personal Loan
e) None of These


Q18. Which of the following will set up core banking infrastructure for rural banks:
a) NABARD
b) RBI
c) SIDBI
d) SBI
e) None of  These


Q19. UNCTAD stands for:
a) United Nations Conference on Trade and Dealing
b) Unit National Conference on Trade and Development
c) United Nations Conference on Trade and Development
d) Unique Nations Conference on Trade and Development
e) None of These


Q20. Name of the first bank to receive approval for getting full bank licence in Singapore is:
a) Punjab National Bank
b) Syndicate Bank
c) State Bank of India
d) Axis Bank
e) None of These


Take previous quiz :-

Banking awareness Quiz 1Quiz 2Quiz 3Quiz 4 Quiz 5 , Quiz 6Quiz 7Quiz 8,Quiz 9Quiz 10Quiz 11Quiz 12 , Quiz 13 and Quiz 14.

Smart Prep Kit for Banking Exams by Ramandeep Singh - Download here


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