Mock Test

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

Total Questions: 20

Q1. What does EMI stand for in banking?

Equated Monthly Installment Easy Money Investment Electronic Money Interface Emergency Money Issuance
Q2. What is the impact of banks on poverty alleviation?

A. Increasing income inequality B. Providing microfinance to the poor C. Discouraging entrepreneurship D. Limiting access to credit for low-income individuals
Q3. Which bank merged with Bank of Baroda and Dena Bank to become the third largest bank in India?

Punjab National Bank Canara Bank Union Bank of India Vijaya Bank
Q4. Which of the following banks merged with Oriental Bank of Commerce and United Bank of India?

Syndicate Bank Corporation Bank Indian Bank Canara Bank
Q5. What is the primary reason people use mobile banking?

a. To increase fees b. To reduce convenience c. To save time d. To limit accessibility
Q6. Who is responsible for convening meetings of FSDC?

Prime Minister of India Governor of RBI Finance Minister of India Chairman of SEBI
Q7. Who appoints the Governor of RBI?

A. President of India B. Prime Minister of India C. Finance Minister of India D. Chief Justice of India
Q8. Which sector is targeted for financial inclusion initiatives?

A. Urban population only B. Rural population only C. Both urban and rural populations D. High-income individuals
Q9. Which ratio indicates the ability of a bank to meet its short-term obligations?

Return on Assets Liquidity Ratio Capital Adequacy Ratio Net Interest Margin
Q10. What is the full form of 'POSB'?

Post Office Savings Bank Public Office Savings Bank Personal Office Savings Bank Postal Office Savings Bank
Q11. Which of the following is not a tool used by RBI for credit control?

Moral Suasion Repo Rate GDP Growth Rate Open Market Operations
Q12. What is the main focus of microfinance institutions?

Maximizing profits Providing financial services to the rich Empowering low-income individuals Investing in luxury goods
Q13. What type of loan is provided for purchasing stocks or securities?

Personal Loan Home Loan Stock Loan Business Loan
Q14. Which sector is given special attention under Priority Sector Lending?

Real Estate Healthcare Education Micro, Small and Medium Enterprises
Q15. Which committee is responsible for reviewing the monetary policy in India?

Finance Commission Planning Commission Monetary Policy Committee Public Accounts Committee
Q16. Which committee recommended the establishment of the National Housing Bank in India?

Narasimham Committee Rangarajan Committee Narasimham Committee II M. Narasimham Committee
Q17. Which of the following is a digital banking platform?

A. Bank branch B. Post office C. Online banking portal D. Grocery store
Q18. When was the Financial Sector Development Council (FSDC) established?

2010 2015 2005 2012
Q19. Which regulatory body governs the functioning of payment banks in India?

RBI SEBI IRDAI PFRDA
Q20. Which bank is known as the 'Banker to the Banks' in India?

ICICI Bank HDFC Bank SBI RBI

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