Mock Test

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

Total Questions: 20

Q1. What is the interest rate that banks pay to customers on their deposits called?

Lending rate Deposit rate Inflation rate Nominal rate
Q2. What is the function of a stock exchange index?

To regulate stock prices To provide investment advice To measure market performance To issue new shares
Q3. What is the term used to describe the fees charged by mutual funds for managing investments?

Expense ratio Profit margin Commission Service charge
Q4. What is the primary source of revenue for a stock exchange?

Government grants Listing fees Membership fees Donations
Q5. What is the regulatory body for banking sector in India?

IRDA SEBI RBI PFRDA
Q6. Which aspect of banking operations does Core Banking Solutions primarily focus on?

Increasing manual errors Enhancing customer experience Improving data accuracy Limiting transaction flexibility
Q7. Which service is commonly offered by banks to facilitate transactions?

Cooking classes Dance lessons Online banking Gardening services
Q8. Which of the following is not a type of Microfinance Institution?

Bank Credit Union NGO Hospital
Q9. What does UPI stand for?

Unified Payment Interface Universal Payment Interface Unique Payment Interface Unified Payment Integration
Q10. In a Current Account, the account holder can:

Earn interest on the balance Withdraw money only once a month Make unlimited transactions Avail personal loans
Q11. Which insurance product covers damage to personal belongings?

Home insurance Pet insurance Travel insurance Car insurance
Q12. What is the benefit of investing in a Recurring Deposit compared to a Fixed Deposit?

Higher interest rate Lower liquidity Flexible tenure Higher risk
Q13. What type of loan is provided against the security of fixed deposits, insurance policies, etc.?

Secured Loan Unsecured Loan Personal Loan Education Loan
Q14. What is the maximum tenure for a Fixed Deposit?

5 years 10 years 15 years 20 years
Q15. What is the minimum amount required to open a Recurring Deposit account?

Rs. 100 Rs. 500 Rs. 1000 Rs. 5000
Q16. Which of the following is a security feature in mobile banking?

A. Sharing passwords B. Two-factor authentication C. Writing down PINs D. Using public Wi-Fi
Q17. What is the main purpose of a Current Account for individuals?

To earn high interest To save money for retirement To facilitate daily transactions To invest in real estate
Q18. What is the role of technology in promoting financial inclusion?

To increase barriers to access financial services To limit digital payments To enhance access to banking services To discourage online transactions
Q19. Which type of bank is responsible for regulating the banking industry and ensuring financial stability?

Commercial Bank Investment Bank Central Bank Cooperative Bank
Q20. What is the UPI transaction limit for IPO applications?

Rs. 1,00,000 Rs. 2,00,000 Rs. 5,00,000 No limit

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