IBPS Bank PO Exam – Practice Quiz (Set 2 – 20 Questions) Attempt the following questions and click “Show Answer” to reveal the correct option.
Q1. The IBPS PO Main examination includes which of the following additional sections compared to the Prelims? Computer Aptitude and General Awareness Descriptive Writing and Data Interpretation General Awareness (Banking/Economy) and Descriptive Writing Quantitative Aptitude and English Language Show Answer Correct Answer: C) General Awareness (Banking/Economy) and Descriptive Writing
Q2. “Repo Rate” is the rate at which: RBI borrows money from commercial banks Commercial banks borrow money from RBI against government securities Government borrows from RBI Banks lend to large corporate clients Show Answer Correct Answer: B) Commercial banks borrow money from RBI against government securities
Q3. “Reverse Repo Rate” helps RBI primarily to: Inject liquidity into the banking system Absorb liquidity from the banking system Control foreign exchange rates Regulate export-import trade Show Answer Correct Answer: B) Absorb liquidity from the banking system
Q4. A “Current Account” in a bank is generally meant for: Individuals seeking high interest on savings Fixed long-term deposits Frequent business transactions with no interest or very low interest Government securities investment Show Answer Correct Answer: C) Frequent business transactions with no interest or very low interest
Q5. “MUDRA” scheme is primarily related to: Housing loans Micro and small business loans Education loans abroad Agricultural warehousing Show Answer Correct Answer: B) Micro and small business loans
Q6. The institution that insures bank deposits in India is: SEBI IRDAI DICGC NABARD Show Answer Correct Answer: C) DICGC
Q7. Which of the following is NOT a type of “crossing” in cheques? General crossing Special crossing Account payee crossing Bearer crossing Show Answer Correct Answer: D) Bearer crossing
Q8. “IFSC” code used in electronic fund transfer stands for: Indian Financial System Code International Fund Settlement Code Indian Forex Settlement Code Institutional Financial Security Code Show Answer Correct Answer: A) Indian Financial System Code
Q9. “Digital Banking” primarily refers to: Banking only at ATMs Banking services delivered through electronic channels like internet, mobile, and cards Banking through physical branches only Banking services restricted to large corporates Show Answer Correct Answer: B) Banking services delivered through electronic channels like internet, mobile, and cards
Q10. In banking, “Overdraft” facility means: Fixed deposit for a fixed term Withdrawal of more money than the balance in current account, up to an approved limit A special recurring deposit A type of demand draft Show Answer Correct Answer: B) Withdrawal of more money than the balance in current account, up to an approved limit
Q11. “Creditworthiness” of a borrower is generally assessed using: Only the borrower’s age Credit history, repayment capacity, income, and existing liabilities Number of bank accounts held Type of mobile phone used Show Answer Correct Answer: B) Credit history, repayment capacity, income, and existing liabilities
Q12. “CASA” deposits of a bank refer to: Current Account, Savings Account Corporate Account, Staff Account Capital Account, Savings Account Cash Account, Securities Account Show Answer Correct Answer: A) Current Account, Savings Account
Q13. “Microfinance” is primarily targeted towards: Large corporates High net-worth individuals Low-income individuals and small entrepreneurs without access to formal banking Foreign institutional investors Show Answer Correct Answer: C) Low-income individuals and small entrepreneurs without access to formal banking
Q14. “Negotiable Instrument” under the NI Act does NOT include: Cheque Promissory note Bill of exchange Fixed Deposit Receipt Show Answer Correct Answer: D) Fixed Deposit Receipt
Q15. “CRAR” (Capital to Risk-Weighted Assets Ratio) is a measure of: Profitability of a bank Liquidity position of a bank Capital adequacy and financial strength of a bank Operational efficiency of a bank Show Answer Correct Answer: C) Capital adequacy and financial strength of a bank
Q16. In the context of IBPS PO exam, the descriptive paper generally tests: Only grammar rules Essay and letter writing skills Translation from regional language to English Mathematical derivations Show Answer Correct Answer: B) Essay and letter writing skills
Q17. Which of the following is a key feature of “Term Loan” to a corporate borrower? Repayable on demand without any schedule Short-term credit for a few days only Loan for a fixed period with a defined repayment schedule Non-repayable grant Show Answer Correct Answer: C) Loan for a fixed period with a defined repayment schedule
Q18. “Kisan Credit Card (KCC)” scheme is designed mainly to: Provide crop insurance to farmers Provide flexible credit limits to farmers for agricultural needs Subsidize fertilizer prices Offer pensions to senior citizens Show Answer Correct Answer: B) Provide flexible credit limits to farmers for agricultural needs
Q19. “SARFAESI Act” empowers banks primarily to: Introduce new taxes Take possession and sell secured assets of defaulting borrowers without court intervention Issue currency notes Regulate stock exchange activities Show Answer Correct Answer: B) Take possession and sell secured assets of defaulting borrowers without court intervention
Q20. In banking, “EMI” stands for: Equated Monthly Interest Equal Mortgage Installment Equated Monthly Installment Equal Money Investment Show Answer Correct Answer: C) Equated Monthly Installment
