As you know Banking awareness is important for getting a good score in IBPS & BMSB PO Mains 2016 Exam. Thus, we are sharing with you a practice questions of Banking Awareness to help you prepare better for the forthcoming exam. You can easily steal 5-6 numbers by remembering these and can enhance your probability of getting selected in the exam. This set has been prepared by one of our ardent users Ankit, we wish him luck and good fortune for his future endeavors.
Solve the below Quiz and Share your score into the comment section
Time limit: 0
Quiz-summary
0 of 10 questions completed
Questions:
1
2
3
4
5
6
7
8
9
10
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Average score
Your score
Categories
Not categorized
0%
Cutoff : 7/10
Thanks for participating.
Share your scores in the leaderboard and in comment section. 
Your result has been entered into leaderboard
Loading
Name:
E-Mail:
Captcha:
1
2
3
4
5
6
7
8
9
10
Answered
Review
Question 1 of 10
1. Question
Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of.
(A) Minors
(B) Married women
(C) Senior citizens
(D) Govt. employees
(E) Rural residents
Correct
Incorrect
Question 2 of 10
2. Question
A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as.
(A) investment banking
(B) core banking
(C) mobile banking
(D) national banking
(E) specialized banking
Correct
Incorrect
Question 3 of 10
3. Question
With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country–
(A) Will
(B) Registration
(C) Nomination
(D) Indemnity
(E) Guarantee
Correct
Incorrect
Question 4 of 10
4. Question
NEFT means–
(A) National Electronic Funds Transfer system
(B) Negotiated Efficient Fund Transfer system
(C) National Efficient Fund Transfer solution
(D) Non Effective Fund Transfer system
(E) Negotiated Electronic Foreign Transfer system
Correct
Incorrect
Question 5 of 10
5. Question
Which of the following states became the first state in the country to launch RBI’s e-payment system for commercial tax payers?
(A) Andhra Pradesh
(B) Kerala
(C) Gujarat
(D) Maharashtra
(E) Karnataka
Correct
Incorrect
Question 6 of 10
6. Question
‘CEPI’ stands for?
(A) Council of Environmental Pollution of India
(B) Comprehensive Environmental Pollution Index
(C) Centre for Environmental Pollution in India
(D) Centre for Environmental Pollution and Industries
(E) None of these
Correct
Incorrect
Question 7 of 10
7. Question
The power of the commercial banks to expand deposits through expanding their loans and advances is known as ____.
Selling and Marketing Establishment
(A) Capital Expansion
(B) Credit Expansion
(C) Credit control
(D) Credit Creation
Correct
Incorrect
Question 8 of 10
8. Question
Sales above Breakeven point is called ___
(A) Margin of Safety
(B) Gross Profit
Business Facilitators
(C) Net profit
(D) b& c
Correct
Incorrect
Question 9 of 10
9. Question
We know that RBI is the apex bank of India. Similarly the apex Bank of the USA is:
(A) Federal Reserve Bank
(B) The Central Bank of USA
(C) Bank of America
(D) Central National Bank of USA
(E) None of these
Correct
Incorrect
Question 10 of 10
10. Question
One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/ norms are launched by the banks to prevent money laundering in general?
(A) Banking Regulation Act
(B) Know Your Customer Norms
(C) Negotiable Instrument Act
(D) Narcotics and Psychotropic Substance Act </