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Banking Awareness Quiz 119 – IBPS PO (13 Questions – 11th November 2014)

List of IBPS PO 2014 – 13 Questions in Quiz format for 11th November 2014.

Currently there is no time limit or negative marking for this quiz, so take your time and attempt all.
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You can select an answer only once, not multiple attempt option available for this quiz.

Check one of the Sample Question –

SEBI Tightens Consent Norms was the headline in some paper/magazines recently. What is the full
1. Secured Economy Bureau of India
2.Small Economy Based Investment
3.Securities and Exchange Board of India
4.Severe Ecological Balance and Internet
5.Society for Ecological Balance and Internet

Banking Awareness Quiz 119 – IBPS PO (13 Questions – 11th November 2014)

Banking Awareness Quiz - 119 - IBPS PO

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Question 1
Which of the following services is provided only by the Reserve Bank of India?
A
Compilation of economic data
B
Issue of currency notes
C
Purchase and sale of gold/gold coins
D
Sale of Demand Drafts
E
Safe deposit lockers for keeping valuables
Question 2
Which of the following committees/Task forces was set up to suggest reforms in Banking Sector?
A
Task force on Infrastructure
B
Narasimham Committee
C
Rajinder Sachar Committee
D
Swaminathan Committee
E
None of these
Question 3
SEBI Tightens Consent Norms was the headline in some paper/magazines recently. What is the full
A
Secured Economy Bureau of India
B
Small Economy Based Investment
C
Securities and Exchange Board of India
D
Severe Ecological Balance and Internet
E
Society for Ecological Balance and Internet
Question 4
Which of the following is a Public Sector Undertaking?
A
Axis Bank
B
Reliance Power
C
Hindustan Motors
D
Indian Oil Corporation Ltd
E
Ambuja Cements
Question 5
Which of the following is decided by the RBI?
A
Interest rate on time deposits
B
Rent of safe deposit vaults
C
Inflation Rate
D
Dearness Allowance to Govt. Employees
E
Cash Reserve Ratio
Question 6
Which of the following terms is NOT associated with banking/ finance
A
RTGS
B
SLR
C
Repo Rate
D
Credit
E
LBW
Question 7
Which of the following is the most essential financial service which should be provided to the poor people to bring them into the network of financial inclusion?
A
Insurance for life
B
Investment plan for future
C
Pension for old age
D
A bank account where he/she can save small amount
E
Health insurance for minor illness and hospitalization in case of need
Question 8
What does the letter F denote in 'NBFCs', a term seen very frequently in banking world these days?
A
Formal
B
Fiscal
C
Federal
D
Functional
E
Financial
Question 9
Coin of which of the following denominations is called small coin?
A
1
B
72
C
3
D
50 Paise
E
710
Question 10
Which of the following is not a highlight of the union budget 2012-2013?
A
No change in rate of corporate tax
B
All types of loans upto Rs. 35 lakh will be given on 6 percent interest only.
C
Service tax raised from 10 percent to 12 percent
D
Fiscal deficit is targeted at 5.15 of GDP
E
Substantial increase in Defence Budget
Question 11
Which of the following services/products of banks is specially designed and launched to help students?
A
Personal loan
B
Corporate loan
C
Business loan
D
Medical loan
E
Educational loan
Question 12
Which of the following term is not directly associated with the functioning of RBI?
A
Open Market Operations
B
Cash Reserve Ratio
C
SENSEX
D
Liquidity Adjustment Facility
E
Public Debt Office
Question 13
Which of the following is one of the major activities of the National Bank for Agriculture and Rural Development (NABARD)?
A
On-site inspection of cooperative banks and Regional Rural Banks (RRBs)
B
Helping GOVT of India in preparing Union Budget and presenting it in cabinet meeting
C
Acting as custodian of the foreign exchange reserves of the country
D
Deciding rate of interest on Saving bank accounts in public sector banks
E
Representing India in World Bank and other such agencies
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