Banking Awareness Quiz for IBPS PO MAINS Set - 05

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Banking Awareness Quiz for IBPS PO MAINS Set - 05

Q1. Expand the term SWIFT.
a) Society for Worldwide International Financial Telecommunications
b) Society for Worldwide Interbank Financial Telecommunications
c) Society for Worldwide International Financial Transfers
d) Society for Worldwide Interbank Fiscal
e) None of these

Q2. Which of the following terms is NOT used in the Banking world?
a) Holding Company
b) Postdated cheque
c) Credit
d) Time deposit
e) Centripetal force

Q3. Loans of small or very small amounts given to low-incomegroup people are known as
a) Investment Loans
b) Micro Credit
c) Saving loans
d) Secured loans
e) Cash credit loans

Q4. Which of the following is the Central Bank of USA?
a) Federation of Banks, USA
b) Citigroup, USA
c) Bank of America
d) Central Bank of USA
e) Federal Reserve

Q5. The activity of purchasing shares of various companies is called
a) Online Trading
b) Share Trading
c) Real estate investment
d) Corporate Trading
e) None of these

Q6. Telecom Sector is considered as
a) Priority sector
b) Non-priority sector
c) Infrastructural sector
d) Sector with special status
e) Core-Energy sector

Q7. The Economic Survey is compiled by the
a) Ministry of Home Affairs
b) Ministry of Finance
c) Ministry of Rural Development
d) Central Board of Direct Taxes
e) Central Statistical Organisation

Q8. Who amongst the following was the Head of the committee which gave its recommendations on the modalities for Capital Account Convertibility?
a) Dr Rakesh Mohan
b) Dr C Rangarajan
c) SS Tarapore
d) KJ Udeshi
e) None of these

Q9. The base year for Consumer Index has now been revised from 1982 to
a) 1990
b) 1991
c) 1996
d) 1998
e) 2001

Q10. Deflation refers to ———.
a) general decline in prices of various commodities and services
b) price decline in specific sectors
c) price decline in specific commodities
d) sharp and sudden decline in foreign exchange reserves
e) None of these


Q1. a, Q2. e, Q3. b, Q4. e, Q5. b
Q6. c, Q7. b, Q8. c, Q9. e, Q10. a