Banking Awareness Quiz 2017 – Set 1 | RBI Assistant and IPPB PO Mains Exam


Hello and welcome to exampundit. So we are kicking off Banking Awareness Quiz 2017 with an easy slot.

1. Which among the following is the correct full form of the export promotion scheme DEPB ?
(a) Duty entitlement programme
(b) Duty entitlement passbook
(c) Dutyfree entitlement passbook
(d) Duty elimination passbook
(e) None of these
2. The P/E is one of the most talked about ration in the stock market. What does P/E refers to-
(a) Provision to estimate
(b) Profit to earning
(c) Profit to expenditure
(d) Price to earning
(e) None of the above
3. A Banking Ombudsman will not entertain Credit Cards Complaints which are more than ______ old .
(a) 3 months
(b) 6 months
(c) 9 months
(d) 12 months
(e) 16 months
4. A high rate inflation of inflation tends to worsen balance of payments because;
(a) Prices of imported goods rise
(b) Prices of exported goods rise making exports less competitive
(c) Prices of imported goods falls and hence more is imported
(d) Prices of exported goods fall and hence fewer amounts is obtained in terms of foreign exchange
(e) None of these
5. Between 2001 and 2026 India’s Population is projected to increase by 371 million, about 83% of this increase will be the 15-59 age group. This will lead to :
I. Boost in investment
II. Higher dependency ratio
III. Higher saving rate
(a) I only
(b) II only
(c) Both I and II
(d) All I, II, and III
(e) Both I and III
6. The term “Smart Money” refers to –
(a) Travellers cheques
(b) Foreign currency
(c) Internet banking
(d) Credit cards
(e) None of these
7. An increase is CRR by RBI leads to –
(a) Decrease in lendable resource
(b) Increase in lendable resource
(c) Decrease in deposit
(d) Increase in deposit
(e) None of these
8. Banking Ombudsman is appointed by –
(a) Exim Bank
(b) State Government
(c) Government of India
(d) RBI
(e) None of these
9. After establishment, apart from India the RBI remained the central bank of some other country also for a few years. Which is/are the country(s)?

1. Pakistan 2. Myanmar 3. Bhutan 4. Sri Lanka

(a) Only 1
(b) Only 1 and 2
(c) Only 2
(d) Only 1 and 3
(e) Only 1, 3 and 4
10. Consider the following statements about RBI in ––
  • A) The RBI is the issuer of the currency notes India.
  • B) The RBI is the regulatory body of the banking sector in India.
  • C) The RBI is the custodian of the foreign reserves of India.
  • D) The RBI represent India in the International arena.
  • E) The RBI is the issuer of the coins in India.

Out of the following which is/are true about the function of RBI ?
(a) Only A and B
(b) Only B and C
(c) Only A, B, C and D
(d) Only C, D and E
(e) All of these
11. Which is the largest foreign bank working in India?
(a) Hong Kong and Shanghai Banking Corporation (HSBC)
(b) Standard Chartered Bank
(c) Citibank
(d) Barclays Bank
(e) Deutsche Bank
12. Which of the following statement is true about the commercial banks ?
I. The Commercial Banks works to earn profit.
II. The Commercial Banks lend money on the conditional and situational basis.
III. They transfer the funds from one place to another place on the customers demand.
IV. Selling and purchasing of the securities on the customers behalf.
(a) Only I and II
(b) Only II and III
(c) Only III and IV
(d) Only I, II and III
(e) All of the above
13. The Economic data to calculate the Gross Domestic Product (GDP) is collected by which organization in India?
(a) National Sample Survey Organization (NSSO)
(b) Central Statistical Organisation (CSO)
(c) Indian Statistical Organization (ISI)
(d) Indian Economic Survey
(e) None of these
14. Daily in the Newspaper we used to read that the Indian Rupee is weak or strong. The term has a meaningful reference in relation to ––
(a) Purchasing Power Parity
(b) Foreign Exchange Rate
(c) Storage value of Indian Currency
(d) All of these
(e) None of these
15. The term “moral suasion” refers to which one of the following?
(a) The moral duty of the borrowers to deal with only one bank
(b) The banker’s duty of secrecy as regards the affairs and account of his customers.
(c) The advice given by the RBI to the banks/financial institutions in the matter of their lending and others operations with the objective that they might implement or follow it.
(d) All of the above
(e) None of these



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