Banking Quiz for IBPS Clerk Mains and IPPB Officers Exam

Dear Aspirants,

Just a few days are left for IPPB Manager/Officers and IBPS Clerk Mains. It is time to pace up your preparation of Banking Awareness for IPPB Manager/Officers and IBPS Clerk Mains. These questions related to Banking Awareness will also help you in preparing for other upcoming banking recruitment examination.
Q1. What is the Minimum Amount for opening of account that can be retained of 5-Year Post Office RD Account?
(a) 10/- per month
(b) 50/- per month
(c) 100/- per month
(d) 5/- per month
(e) 1/- per month

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Q2. RD Account stands for-
(a) Resident Deposit Account
(b) Recurring Deposit Account
(c) Regional Deposit Account
(d) Regular Deposit Account
(e) Repayment Deposit Account
Q3. What is the maximum balance of account that can be retained of 5-Year Post Office RD Account?
(a) 10 lakh
(b) 1 crore
(c) No limit
(d) 1 lakh
(e) 50 lakh

Q4. What is the interest rate of Post Office RD Account (As on 01st January 2018)?
(a) 6.1% per annum (quarterly compounded)
(b) 6.3% per annum (quarterly compounded)
(c) 6.5% per annum (quarterly compounded)
(d) 6.9% per annum (quarterly compounded)
(e) 6.7% per annum (quarterly compounded)
Q5. What is the silent features of 5-Year Post Office RD Account?
(a) Account can be opened by cash / Cheque and in case of Cheque the date of deposit shall be date of presentation of Cheque.
(b) Nomination facility is available at the time of opening and also after opening of account.
(c) Account can be transferred from one post office to another.
(d) Account can be opened in the name of minor and a minor of 10 years and above age can open and operate the account.
(e) All of the given options are the silent features of 5-Year Post Office RD Account.

Q6. How many transactions can be received by a single beneficiary in a calendar year of International Money Transfer process in the Post Office Saving schemes?
(a) 40 transactions
(b) 20 transactions
(c) 10 transactions
(d) 30 transactions
(e) 50 transactions
Q7. How much amounts may be paid to the beneficiary in cash of International Money Transfer process in the Post Office Saving schemes?
(a) INR. 50,000/-
(b) INR. 10,000/-
(c) INR. 25,000/-
(d) INR. 75,000/-
(e) INR. 1,00,000/-
Q8. PMJJBY, PMSBY and APY is a-
(a) Corporate Scheme
(b) Micro Scheme
(c) Jansuraksha Scheme
(d) Saving Scheme
(e) Industrial Scheme
Q9. ___________ is a one year cover Term Life Insurance Scheme, renewable from year to year, offering life insurance cover for death due to any reason. 
(a) PMGKY
(b) PMMY
(c) APY
(d) PMSBY
(e) PMJJBY
Q10. The Government of India has introduced a pension scheme called the APY, with effect from ____________ pursuant to the announcement in the budget for 2015-16 on creating a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector. 
(a) 01st June 2016
(b) 01st June 2015
(c) 01st June 2013
(d) 01st June 2017
(e) 01st June 2012
Q11. What is the meaning of “APY” in Banking industry?
(a) Atal Pension Yojana
(b) Aahaar Pension Yojana 
(c) Adarsh Pension Yojana 
(d) Atal Public Yojana 
(e) Atal Provident Yojana 

Q12. APY is open to all citizens of India who have a savings bank account. The minimum age of joining APY is ____ years and maximum age is _____ years. 
(a) 18 years, 30 years
(b) 18 years, 40 years
(c) 18 years, 50 years
(d) 18 years, 60 years
(e) 18 years, 100 years
Q13. __________ is a one year cover, renewable from year to year, Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident.
(a) PMGKY
(b) PMMY
(c) PMSBY
(d) APY 
(e) PMJJBY

Q14. PMSBY is open to all citizens of India who have a savings bank account. The minimum age of joining PMSBY is ____ years and maximum age is _____ years.
(a) 18 years, 40 years
(b) 18 years, 50 years
(c) 18 years, 80 years
(d) 18 years, 70 years
(e) 18 years, 60 years
Q15. What is the meaning of “B” in PMJJBY?
(a) Band
(b) Bill
(c) Balance
(d) Bank
(e) Bima