Mock Test

Exam: IBPS Clerk Subject: General Awareness Topic: Banking Awareness

Total Questions: 20

Q1. What is the purpose of Reverse Repo Rate?

To control inflation To control deflation To regulate liquidity in the market To encourage borrowing
Q2. Which of the following is a key feature of NEFT?

Real-time processing High transaction charges Limited transaction timings Scheduled fund transfer
Q3. What type of insurance provides coverage for damage to a boat or marine vessel?

Boat insurance Earthquake insurance Liability insurance Fire insurance
Q4. What is the main purpose of a stock exchange?

To provide loans to companies To facilitate buying and selling of securities To regulate the banking sector To issue government bonds
Q5. What is the impact of NPAs on a bank's financial health?

Improves profitability Reduces capital adequacy Increases credit rating Attracts more investors
Q6. What is a Current Account?

A type of savings account A type of fixed deposit account A type of deposit account for regular transactions A type of loan account
Q7. What does ATM stand for?

Automated Teller Machine Automatic Transaction Machine Automated Transaction Machine Automatic Teller Machine
Q8. Which of the following is not a credit rating agency?

Moody's Investors Service Standard & Poor's Federal Reserve Fitch Ratings
Q9. What is the most common form of electronic payment?

Credit Card Debit Card Cheque Cash
Q10. Which market deals with the trading of currencies?

Currency market Art market Antique market Jewelry market
Q11. What type of loan is secured by assets provided as collateral?

Secured Loan Unsecured Loan Personal Loan Education Loan
Q12. Which of the following is not a type of NPA classification?

Standard Assets Substandard Assets Doubtful Assets Loss Assets
Q13. Which bank was the first to introduce the concept of 'Green Banking' in India?

HDFC Bank ICICI Bank Axis Bank State Bank of India
Q14. Which of the following is a type of banking service?

Cooking Cleaning Insurance Shopping
Q15. Which bank is known for being the first to introduce 'online banking'?

Bank of America Wells Fargo JP Morgan Chase Citibank
Q16. Credit rating agencies help in assessing the likelihood of:

Winning a lottery Default on debt obligations Weather patterns Sports events
Q17. Which of the following is a characteristic of RTGS?

Settlement in batches Settlement in real-time Settlement at month-end Settlement after a week
Q18. What is the maximum limit for a UPI transaction?

Rs. 10,000 Rs. 1,00,000 Rs. 2,00,000 Rs. 5,00,000
Q19. Which of the following is a common challenge faced by Microfinance Institutions?

Lack of demand for services Excessive profits Limited access to technology High interest rates
Q20. What happens if you withdraw money from a Fixed Deposit before maturity?

No penalty Higher interest Lower interest Penalty deduction

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