Banking & Financial Awareness Quiz for IBPS Exams

Q1. Coins which were minted in with the ‘Hand Picture’ are available since-
(a) Independence
(b) 1965
(c) 2000
(d) 2005
(e) 2010

Q2. When did RBI demonetise 25 paisa coins in the country?
(a) 2010
(b) 2008
(c) 2011
(d) 2009
(e) 2005


Q3. Which of the following banks has opened the country’s first “Cash Factory” in Lucknow which will issue currency notes to all its branches and ATM in the area?
(a) Bank of India
(b) Bank of Baroda
(c) State Bank of India
(d) Union Bank of India
(e) None of the above


Q4. Who decides on the value and volume of bank notes to be printed and on what basis?
(a) Finance Ministry
(b) Planning Commission
(c) RBI
(d) Stock exchange
(e) None of the above

Q5. What is the maximum denomination for which coins can be produced in India?
(a) Rs 1000
(b) Rs 10
(c) Rs 100
(d) Rs 50
(e) Rs 5


Q6. All domestic products, including international companies operating within territory of a  country, and excluding domestic workers/companies operating in foreign countries, accounts for – 
(a) Gross Domestic Product (GDP)
(b) Gross National Product (GNP)
(c) Net National Product (NNP)
(d) National Income (NI)
(e) None of the above

Q7.Which of the following body has determined the new base year for calculating GDP of India? 
(a) Reserve Bank of India (RBI)
(b) Securities and Exchange Board of India (SEBI)
(c) Central Statistical Office (CSO)
(d) Competition Commission India (CCI)
(e) None of the above

Q8. Exchange rate or Conversion rate is – 
(a) the rate at which a currency is converted to another currency
(b) the rate at which a bank pays interest to its savings deposits
(c) the rate charged at foreign transactions
(d) All of the above
(e) None of the above

Q9. If conversion rate of INR to USD increases, then the valuation of Indian Rupees – 
(a) increases
(b) decreases
(c) has no change
(d) Inflation
(e) None of the above

Q10. If the valuation of a currency is increased with respect to another currency, then it is known as……….? 
(a) appreciation
(b) depreciation
(c) devaluation
(d) revaluation
(e) None of the above

Q11. Which of the following is true? 
(a) Surplus funds with banks can be invested in pass through certificates
(b) This will be indirect expansion of credit portfolio
(c) both (a) and (b)
(d) Either (a) or (b)
(e) None of the above

Q12. EOQ stands for? 
(a) Evaluation-on-Quantity
(b) Even-on-Quality
(c) Economic Order Quantity
(d) Economic-on-Quality
(e) None of the above

Q13. MRO’ means? 
(a) Money Rate Over
(b) Maintenance Repair and Operating
(c) More Rate Over
(d) All of the above
(e) None of the above

Q14. Example of the product line of a Bank is? 
(a) Car loan
(b) Personal loan
(c) Home loan
(d) All of the above
(e) None of the above

Q15. The term “MSME” used in banking parlance means _____?
(a) Mini, Small and Medium Enterprises
(b) Micro, Small and Medium Enterprises
(c) Mini scale Marketing Enterprises
(d) Medium Scale Marketing Enterprises
(e) None of the above