Mock Test

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

Total Questions: 20

Q1. What is the impact of banks on poverty alleviation?

A. Increasing income inequality B. Providing microfinance to the poor C. Discouraging entrepreneurship D. Limiting access to credit for low-income individuals
Q2. What is the full form of 'NEFT' in banking terminology?

National Electronic Fund Transfer Net Exchange Fund Transaction Non-Executive Financial Task New Electronic Fund Transfer
Q3. Which of the following is not a UPI app feature?

Request money Check account balance Mobile recharge Offline transactions
Q4. Who wrote the book 'The Big Short: Inside the Doomsday Machine'?

Michael Lewis Paul Krugman Chetan Bhagat Raghuram Rajan
Q5. What is the minimum capital requirement for setting up a new bank in India?

Rs. 100 crore Rs. 500 crore Rs. 1000 crore Rs. 2000 crore
Q6. Which type of bank focuses on providing financial services to small depositors and borrowers?

Commercial Bank Cooperative Bank Development Bank Payment Bank
Q7. What does CRR stand for in the context of banking?

Cash Reserve Ratio Credit Risk Ratio Cost Reduction Rate Customer Relationship Ratio
Q8. What is the full form of MMID in the context of IMPS?

Mobile Money Identifier Mobile Money Information Database Mobile Money Identification Mobile Money Identification Number
Q9. Banks play a crucial role in providing financial assistance to which sector?

A. Agriculture B. Defense C. Entertainment D. Fashion
Q10. Which ratio indicates the proportion of a bank's capital to its risk-weighted assets?

Debt-to-Equity Ratio Return on Equity Capital Adequacy Ratio Liquidity Ratio
Q11. Which committee recommended the establishment of the Securities and Exchange Board of India (SEBI)?

A. Raghuram Rajan Committee B. Urjit Patel Committee C. Nandan Nilekani Committee D. Bimal Jalan Committee
Q12. What is required to use mobile banking services?

a. Landline phone b. Social security number c. Internet connection d. Mobile phone
Q13. What is the term used for the closure of a bank and transfer of its assets and liabilities to another bank?

Merger Acquisition Liquidation Consolidation
Q14. Basel I was introduced in which year?

1988 1999 2005 2012
Q15. Which of the following is a common feature of mobile banking apps?

a. Slow performance b. Limited functionality c. User-friendly interface d. High subscription fees
Q16. BCSBI's codes are aligned with which regulatory authority's guidelines?

SEBI IRDAI RBI PFRDA
Q17. Which type of bank account is best for those who want to earn higher interest rates on their savings?

Current Account Savings Account Fixed Deposit Account Recurring Deposit Account
Q18. What does 'CIC' stand for in the context of credit information regulations in India?

Credit Information Company Credit Information Corporation Credit Information Council Credit Information Control
Q19. BCSBI's codes are reviewed and updated periodically to keep pace with changing market dynamics. True or False?

True False
Q20. Which sector does FSDC primarily aim to stabilize?

Agriculture Healthcare Financial Sector Education

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