Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017:
Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS Exams 2017 can make use of it.
Important Questions Based on Types of Banking
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1). In India banks are classified into --------------- different types.
2
3
4
5
6
1). In India, banks have been broadly classified into scheduled and non-scheduled banks.
Answer: A
2). Scheduled banks are classified under ------------------ Act.
RBI Act 1934
Banking Regulation Act 1949
Negotiable Instruments Act 1881
Companies Act, 2013
Prevention of Money Laundering Act 2002
2).
Answer: A
3). The Scheduled banks must have paid up capital and reserves atleast Rs_________.
5 lakh
10 lakh
50 lakh
1 Cr
5 Cr
3).
Answer: A
4). What is very restricted form of banking, where the institution is not allowed to take risks by giving fresh loans to business?
Para Banking
Offshore Banking
Retail Banking
Wholesale Banking
Narrow Banking
4). This is a type of banking in which banks invest money mostly in government bonds and securities. This is done to avoid risk in the market.
Answer: E
5). What is the provision of accessing the banking and related services online without actually going to the bank branch/office in person?
Universal Banking
Para Banking
Retail Banking
Virtual Banking
Wholesale Banking
5). Some common forms of virtual banking are, ATMs, use of magnetic ink character recognition code (MICR), Electronic clearing service scheme, electronic fund transfer scheme, RTGS, computerized settlement of clearing transactions, centralised fund management schemes.
Answer: D
6). What the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks?
Universal Banking
Para Banking
Retail Banking
Commercial Banking
Wholesale Banking
6).
Answer: C
7). ________ type of banking that promote clean energy technologies.
Universal Banking
Para Banking
Eco friendly Banking
Green Banking
Wholesale Banking
7).
Answer: D
8). What is a form of banking when a small group of individuals control three or more banks which are independently chartered?
Charted Banking
Chain Banking
Para Banking
Wholesale Banking
Universal banking
8). Chain Banking conceptually a form of bank governance that occurs when a small group of people control at least three banks that are independently chartered. Usually, the controlling parties are majority shareholders or the heads of interlocking directorates.
Answer: B
9). What refers to all the non-bank financial intermediaries that provide services similar to those of traditional commercial banks?
Charted Banking
Shadow Banking
Para Banking
Wholesale Banking
Universal banking
9). The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but outside normal financial regulations.
Answer: B
10). What is a banking system in which banks provide a wide variety of financial services, including commercial and investment services?
Charted Banking
Social Banking
Para Banking
Wholesale Banking
Universal banking
10).This is a type of banking in which banks are allowed to undertake all types of financial activities regarding banking or development in accordance with the statutory and other requirements of RBI, Government and related legal Acts.
Answer: E
11). Which committee recommended the Universal Banking concept?
B. Eradi Committee
C. Rao Committee
D R Mehta Committee
Kamath Committee
R.H Khan Committee
11).
Answer: E
12). What is an approach where banks undertake both commercial and industrial banking?
Para Banking
Offshore Banking
Unit Banking
Wholesale Banking
Mixed Banking
12).Mixed banking is an approach where banks undertake both commercial and industrial banking and is a popular banking model in countries like Germany and Japan.
Answer: E
13). What is a system of banking wherein a bank operates in a limited area, does not open any branches in other places and is more responsive to local needs?
Para Banking
Offshore Banking
Social Banking
Wholesale Banking
Unit Banking
13).A customer having an account in a specified branch has to undergo all banking activities through that branch. Examples are Regional Rural Banks and Local Area Banks. Unit banks are vulnerable to failure and are subject to heavy risk in case of failure of local economy.
Answer: E
14). What is a profitable way of doing business by banks in foreign countries in which they don’t have physical presence or limited operational permissions?
Para Banking
Correspondent Banking
Wholesale Banking
Relationship Banking
None of these
14).Correspondent banks thus act as banking agent for a home bank and provides various banking services to customers where otherwise the home bank does not operate.
Answer: B
15). When a bank accepts currencies of countries abroad, such an activity is known as _______.
