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Monday, 27 February 2017

Banking Awareness Quiz for Bank Exams (Special IBPS PO)

Dear Readers. Today we are here with Banking Awareness Quiz for Bank Exams (Special IBPS PO) for your upcoming IBPS Bank Exam Preparation. These Latest Banking Awareness Questions and Answers are very helpful for your target Bank Competitive Exams. You always read and study our free premium series fully solved questions and their perfect explanation useful for competitive exams.

This set include expected questions from question paper setter team as Banking Awareness Questions and Answers for IBPS Bank Exams like IBPS PO Clerk, IBPS RRB, SBI & LIC competitive exams for your better score and confidence level.

Question No. 1 Full form (abbreviations) for term 'STRIPS'?
(a) Separate Trading of Registered Interest and Principle of Securities
(b) Separate Trading of Regulating Interest and Principle of Securities 
(c) Special Trading of Registered Interest and Principle of Securities
(d) Separate Trading of Regulating Interest and Principle of Securities
(e) None of these

Question No. 2 The Government of India is planning to revive which of the following types of banks by infusing fresh capital? (A good number of these banks are having a negative net worth and need recapitalization).
(a) Public Sector Banks
(b) Private Sector Banks
(c) Regional Rural Banks
(d) Developmental Institutes who have converted themselves into Banks
(e) None of these



Question No. 3 What does LMS stand for in e-learning?
(a) Learning Management System
(b) Life Management System 
(c) Learning Management Software 
(d) Liquidity Management Service
(e) None of the above 

Question No. 4 A banknote is also known as a ___________.
(a) Bill
(b) Paper money 
(c) Simply a note
(d) financial obligation
(e) Both a,b and c 

Question No. 5 First Indian bank to open a branch outside India is_______.
(a) Bank of India
(b) Canara Bank
(c) Punjab National Bank
(d) State Bank of India
(e) UCO Bank 

Question No. 6 The first bank purely managed by Indian was Punjab National Bank. PNB was established in Lahore in________.
(a) 1810
(b) 1836
(c) 1895
(d) 1910
(e) 1936

Question No. 7 First Indian bank to Introduce internet banking – 
(a) UCO Bank
(b) ICICI bank
(c) State Bank of India
(d) HDFC bank
(e) Bank of India

Question No. 8 First Bank in India to launch Talking ATMs for differently-able person?
(a) UCO Bank
(b) Union Bank of India
(c) State Bank of India
(d) HDFC bank
(e) Bank of India



Question No. 9 What is the full form of FINO? 
(a) Financial Investment Network and Operations 
(b) Financial Inclusion Network and Operations
(c) Farmers' Investment in National Organization 
(d) Farmers' Inclusion News and Operations
(e) None of the above 

Question No. 10 if Reserve Bank of India hikes interest rates by 25 basis points in its monetary policy, then a commercial bank would like to increase it’s interest rates on loans by 25 basis points of___________?
(a) Prime Lending Rate
(b) Repo rate
(c) Base rate
(d) Saving account interest rate
(e) None of these



Answer Key:
1. Separate Trading of Registered Interest and Principle of Securities
2. Regional Rural Banks
3. Learning Management System
4. Both a,b and c 
5. Bank of India
6. 1895
7. ICICI bank
8. Union Bank of India
9. Financial Inclusion Network and Operations
10. Base rate

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