Banking Awareness Quiz for IBPS Clerk Mains 2015 – Set 1


Hello and welcome to ExamPundit. Here is a set of Banking Awareness Quiz for IBPS Clerk Mains 2015.

1. Banks generally
insist account holders to nominate persons to whom the money lying in their

accounts should go in the event of
1) death of account holder
2) illness of account holder
3) account holder migrates
4) account holder turns bankrupt
5) Other than those given as options
2. Credit Risk refers
to the risk that
1) borrower may opt to get necessary permit/licences
2) wrong strategy is adopted
3) a borrower will default on any type of debt
4) loan processing may be faulty
5) interest rate in the markets may increase
3. Which of the
following is a source of collecting money from the public for a company for the
1) Rights issue
2) Bonus shares
3) Follow on offering
4) Initial public offer
5) Secondary offering
4. Which of the
following concepts of banking involves booking of web-enabled touch point for
banking services?
1) Extension Counters
2) Retail Banking
3) Kiosk Banking
4) Satellite Banking
5) Mobile Banking
5. Face value of a
Government security is the amount that is to be paid to an investor at the maturity

date of the security. The face value is
not the same as the
1) Par value
2) Market Price
3) Redemption value
4) Repayment amount
5) Principal value
6. Based on the
recovery of the dues, banks are required to classify non-performing assets (NPAs)
in the
books of the bank under the
1) Substandard, Doubtful and Bad Debts
2) Standard, Doubtful and Written-Off Assets
3) Standard, Substandard and Doubtful Assets
4) Standard, Doubtful and Loss Assets
5) Substandard, Doubtful and Loss Assets
7. A mutual fund
scheme in which the investors commit their money for a particular period is
known as
1) Long-End Scheme
2) Closed-End Scheme
3) Long-Term Fund
4) Open-End Scheme
5) Back-End Scheme
8. The process that
has to be undertaken by banks and other financial institutions to prevent them
being used by criminal elements
for money laundering is
1) Credit Monitoring Process
2) Credit Rating Process
3) KYC Process
4) Due diligence Process
5) Credit Appraisal Process
9. CVV is an
anti-fraud security feature that helps verify that the customer is in possession
of her card.
The abbreviation of CVV
stands for
1) Card Virtual Valuation
2) Confidential Virtual Verification
3) Card Verification Value
4) Core Virtual Value
5) Coded Vulnerability Value
10. The alphabet ā€˜Pā€™
in the abbreviation EFTPOS stands for
1) Point
2) Private
3) Public
4) Primary
5) Permanent

Can Also Be Used For: Andhra Bank PO, Syndicate Manipal, LIC AAO 2016


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