Banking and Financial Awareness for BOB/IBPS Exams

Q1. Which of the following is not true regarding Demand Draft? 
(a) DD is issued by banks 
(b) Bank account is necessary for being issued a Demand Draft
(c) DD cannot be dishonored 
(d) All of the above are true
(e) None of the above 

Q2. What is the full form of forex? 
(a) Foreign Exemption 
(b) Foreign Exchange
(c) Foreign Expert 
(d) Foreign Expansion 
(e) None of the above 
Q3. Which of the following body is the regulator of Capital Market………? 
(a) Reserve Bank of India (RBI) 
(b) Securities and Exchange Board of India (SEBI) 
(c) Telecom Regulatory Authority of India (TRAI) 
(e) None of the above
Q4. What is the full form of IPO? 
(a) Initial Private Offering 
(b) Initial Partnership Offering 
(c) Initial Public Offering 
(d) Interest Private offering 
(e) None of the above
Q5. Stock Exchanges generally work in – 
(a) Primary Market 
(b) Secondary Market
(c) Money Market 
(d) Financial Market
(e) None of the above
Q6. Which of the following is not a Stock Exchange? 
(b) BSE and NSE 
(c) Deutsche Bourse 
(d) All are stock exchanges
(e) None of the above
Q7. Which of the following is not a debt instrument? 
(a) Shares
(b) Bonds 
(c) Debentures 
(d) Certificate of Deposits 
(e) None of the above
Q8. Which of the following is also known as Stock? 
(a) Equity 
(b) Bonds 
(c) Debentures 
(d) All of the above 
(e) None of the above
Q9. If a company distributes the profits generated to the stakeholders/shareholders, then it is known as – 
(a) Stock 
(b) Bonds 
(c) Dividends 
(d) Debentures 
(e) None of the above
Q10. What is the full form of ASBA? 
(a) Allotment Supported by Blocked Amount 
(b) Application Supported by Blocked Amount 
(c) Assessment Supported by Blocked Amount 
(d) Allotment Supplied by Blocked Amount 
(e) None of the above
Q11. As per the reports, the collection of direct taxes has gone up by about 19% in last few months. Which of the following agencies releases the figures about tax collection?
(a) Central Statistical organisation
(b) Reserve Bank of India 
(c) Department of Income Tax 
(d) Central Board of Direct Taxes
(e) None of the above
Q12. As we know commercial banks accept deposits from the public. What do banks do with this money?
(a) This is a type of credit creation. Bank gives this on loan
(b) This is an income for the bank
(c) Banks give this money directly to the govt for developmental projects 
(d) This money is deposited with the RBI who in turn gives some interest on it banks
(e) None of the above
Q13. Which of the following in NOT a type of cheque issued by an individual?
(a) Bearer cheque
(b) Order cheque
(c) Crossed cheque
(d) Savings cheque
(e) None of the above
Q14. Which of the following terms is used in banking?
(a) Vacuum 
(b) Power 
(c) Density 
(d) Credit Card
(e) None of the above
Q15. “Sensitive Index” of Bombay Stock Exchange is called ……………?
(a) Forex
(b) MAX
(d) Sensex
(e) None of the above

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