Banking Awareness

Banking Awareness With Special Reference To Banking Industry
Banking awareness with special reference ti banking industry quiz have 10 questions with answers,these questions collected from ibps po 2011 question paper.In ibps po 2011 exam,banking related questions played major role,these questions are very useful for ibps clerk and as well as po exams.Practice them to get your score and knowledge in this section

1.Which of the following is correct statement?    

a. normally no interest is paid on current deposit accounts
b. interest is paid on current accounts at the same rate as term deposit accounts
c. the rate of interest on current account and saving account are the same
d. no interest is paid on any deposits by the bank

2. The lokayukta of which of the following states had submitted a report on illegal mining of iron ore in the state?    

a. Andhra Pradesh
b. Tamil nadu
c. Karnataka
d. Orissa

3. The useful deposit accounts of banks are _________    

a. Current accounts, electricity accounts and insurance premium accounts
b. Current accounts, Post office savings bank account and term deposit accounts
c. loan accounts, saving bank accounts and term deposit accounts
d. Current accounts, saving bank accounts and term deposit accounts

4.Fixed deposits and recurring deposits are ______    

a. repayable after an agreed period
b. Repayable on demand
c. . Not repayable
d. Repayable after death of depositors

5.All most all the major economics  of the world had reacted sharply on the issue of  USA’s ceiling limit on its debt. Why was the issue so important for other nations, which otherwise as an internal matter for USA? (This was during the last month of July 2011.till senate’ decision) A. The senate’s decision on the issue might have caused US dollar to weaken further or get strengthened in international markets b. weakening of the dollar might have pushed up euro and major currencies up and some European countries which were already in trouble would have faced a new crisis c. Debt limit was directly related to liquidity position of the bank in usa    

a. only a
b. only b
c. only a & b
d. only b & c

6.Which of the following is not a millennium goal set by the UNO ?    

a. Eradicate extreme poverty and hunger
b. reduce child mortality
c. ensure environmental sustainability
d. Combat terrorism and bring people in mainstream of society

7. Financial conclusion means provisions of _____________    

a.financial services mainly payments, remittances, savings, loan and insurance at affordable cost to persons not yet given the same
b. ration at affordable cost to person not yet given the same
c. House at affordable cost to person not yet given the same
d. food affordable cost to persons not yet given the same

8. which of the following statements containing results of India’s recent census in NOT  correct?    

a. Kerala has about 94% of literacy, the highest in India
b. the sex ration in India is 9-10
c. male literacy is lower than female literacy in seven most developed states
d. Uttar Pradesh is the most population state in India

9.which of the following is known as across selling by banks? a. sale of debit card to credit card holder b. sale of insurance policy to a depositor c. issuance of cash against cheque presented by a third party    

a. only a
b. only b
c. only c
d. both a & b

1o. Angela Markel was recently in India to receive Jawaharlal Nehru award for international understanding for the year 2009. What has been her contribution in the international politics which made her the ‘”best choice” for the award? a. she played a major role in restarting negotiations between Russia and USA on START b. She initiated Health care reforms in Germany and solved problems related to “Future energy development” c. She played a crucial role in negotiations of the treaty of Lisbon and berlin declaration.    

a. only b & c
b. only a &b
c. only c
d. only a & c

Answers -

1 - a

2 - c

3 - d

4 - a

5 - d

6 - d

7 - a

8 - c

9 - d

10 - a