Mock Test

Exam: IBPS Clerk Subject: General Awareness Topic: Banking Awareness

Total Questions: 20

Q1. ATMs are commonly located in ________ areas for easy access.

Remote Hidden Crowded Underwater
Q2. Which of the following is true about the Repo Rate?

It is always higher than the Reverse Repo Rate It is set by the Ministry of Finance It is used for long-term lending It is an instrument of monetary policy
Q3. What is the final step in the cheque clearing process?

Issuing of cheque Presentation of cheque Clearing of cheque Payment of cheque
Q4. What is the maximum foreign shareholding allowed in Small Finance Banks?

49% 51% 74% 100%
Q5. What is the primary advantage of Internet Banking?

A. Limited access to account information B. Inconvenient bill payments C. 24/7 access to banking services D. Slow transaction processing
Q6. What is the purpose of digital banking security measures?

A. To increase fraud B. To reduce convenience C. To protect customer data D. To slow down transactions
Q7. An account where money is deposited for a fixed term at a fixed interest rate is known as?

Savings Account Recurring Deposit Account Fixed Deposit Account Current Account
Q8. Payment banks are required to have what percentage of their access points in rural areas?

25% 35% 50% 75%
Q9. Which regulatory body in India regulates the guidelines related to NPAs?

SEBI RBI IRDAI PFRDA
Q10. What is the rate at which the Reserve Bank of India lends money to commercial banks in India known as?

Repo rate Reverse repo rate Bank rate Base rate
Q11. What type of insurance provides coverage for medical expenses and hospitalization costs?

Life insurance Health insurance Pet insurance Earthquake insurance
Q12. Which insurance product covers funeral expenses?

Health insurance Life insurance Travel insurance Car insurance
Q13. What is the main difference between a savings account and a checking account?

Savings accounts earn interest Checking accounts have higher fees Checking accounts require a minimum balance Savings accounts offer credit cards
Q14. Which of the following is a key player in the resolution of stressed assets in India?

Credit rating agencies Asset Reconstruction Companies Real estate developers Tourism agencies
Q15. What is the role of the stock exchange in financial markets?

To sell musical instruments To provide a platform for trading securities To offer travel packages To provide hairdressing services
Q16. What is the primary objective of Microfinance Institutions in providing financial services to the poor?

To discourage savings To promote financial inclusion To limit access to credit To increase poverty
Q17. Which of the following is not a priority sector lending category for foreign banks in India?

Education Export Credit Renewable Energy Micro, Small and Medium Enterprises
Q18. Which of the following is a mobile banking platform?

A. Facebook B. WhatsApp C. Instagram D. Google Pay
Q19. Which account allows unlimited transactions and is primarily used for saving money?

Current Account Fixed Deposit Account Savings Account Recurring Deposit Account
Q20. Which interest rate is used as a reference rate for many corporate and government bonds?

Prime rate LIBOR Discount rate Base rate

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