IBPS Bank PO Exam – Practice Quiz (200 Questions)

IBPS Bank PO Exam – Practice Quiz (Set 6 – 20 Questions)

Attempt the following questions and click “Show Answer” to reveal the correct option.

Q1. Which of the following is NOT a scheduled commercial bank in India?

  1. Public Sector Banks
  2. Private Sector Banks
  3. Regional Rural Banks
  4. Non-Banking Financial Companies (NBFCs)
Correct Answer: D) Non-Banking Financial Companies (NBFCs)

Q2. “RBI” was established in which year?

  1. 1935
  2. 1947
  3. 1950
  4. 1969
Correct Answer: A) 1935

Q3. “Minimum Support Price (MSP)” is announced by the Government of India mainly for:

  1. Industrial products
  2. Agricultural crops
  3. Gold and silver
  4. Foreign exchange
Correct Answer: B) Agricultural crops

Q4. “Priority Sector Lending” target for domestic commercial banks is generally:

  1. 10% of Adjusted Net Bank Credit
  2. 20% of Adjusted Net Bank Credit
  3. 40% of Adjusted Net Bank Credit
  4. 75% of Adjusted Net Bank Credit
Correct Answer: C) 40% of Adjusted Net Bank Credit

Q5. “Open-ended mutual fund” allows investors to:

  1. Invest only at the time of New Fund Offer
  2. Enter and exit at any time at prevailing NAV
  3. Invest only once a year
  4. Redeem units only on maturity
Correct Answer: B) Enter and exit at any time at prevailing NAV

Q6. “GST” in India is a:

  1. Direct tax
  2. Indirect value-added tax on goods and services
  3. Tax only on exports
  4. Tax only on imports
Correct Answer: B) Indirect value-added tax on goods and services

Q7. In banking terms, “Margin Money” usually refers to:

  1. Total loan amount
  2. Borrower’s own contribution in a project cost
  3. Bank’s profit
  4. Brokerage fee
Correct Answer: B) Borrower’s own contribution in a project cost

Q8. “Hot Money” in economics generally refers to:

  1. Cash kept at home
  2. Short-term capital that flows quickly across borders seeking higher returns
  3. Money used in illegal activities
  4. Cash in ATM machines
Correct Answer: B) Short-term capital that flows quickly across borders seeking higher returns

Q9. “Balance of Trade” refers to:

  1. Difference between total exports and total imports of goods
  2. Difference between capital inflows and outflows
  3. Total external debt
  4. Difference between FDI and FPI
Correct Answer: A) Difference between total exports and total imports of goods

Q10. “Treasury Bills (T-Bills)” are issued by:

  1. Commercial banks
  2. RBI on behalf of Government of India
  3. SEBI
  4. Public Sector Undertakings
Correct Answer: B) RBI on behalf of Government of India

Q11. In IBPS PO Reasoning, “Input-Output” questions mainly test:

  1. Knowledge of banking terms
  2. Ability to trace stepwise logical operations on words/numbers
  3. Knowledge of computer input devices
  4. Grammar skills
Correct Answer: B) Ability to trace stepwise logical operations on words/numbers

Q12. “Permutation and Combination” questions in Quantitative Aptitude mainly relate to:

  1. Simple interest calculation
  2. Counting possible arrangements and selections
  3. Profit and loss
  4. Ratio and proportion
Correct Answer: B) Counting possible arrangements and selections

Q13. In English section, “Error Spotting” questions require you to:

  1. Write an essay
  2. Identify grammatical errors in given sentences/parts
  3. Translate sentences
  4. Summarize a passage
Correct Answer: B) Identify grammatical errors in given sentences/parts

Q14. “Role Play” questions in IBPS PO interview aim to assess:

  1. Typing speed
  2. Behavior, communication, and problem-solving in practical scenarios
  3. Mathematical skills
  4. Knowledge of coding languages
Correct Answer: B) Behavior, communication, and problem-solving in practical scenarios

Q15. “Time and Work” questions in Quantitative Aptitude generally test:

  1. Speed of reading
  2. Ability to calculate efficiency and time taken to complete tasks
  3. Vocabulary skills
  4. Geometry concepts
Correct Answer: B) Ability to calculate efficiency and time taken to complete tasks

Q16. “Base Year” in price index calculation is:

  1. The year with highest inflation
  2. The reference year against which current prices are compared
  3. The year of independence
  4. The year with lowest GDP
Correct Answer: B) The reference year against which current prices are compared

Q17. “Capital Formation” in an economy is associated with:

  1. Decrease in savings
  2. Increase in stock of real capital assets
  3. Only increase in money supply
  4. Only increase in foreign exchange
Correct Answer: B) Increase in stock of real capital assets

Q18. “Inclusive Growth” primarily means:

  1. Growth limited to urban areas
  2. Growth that benefits all sections of society, especially the poor and marginalized
  3. Growth in only industrial sector
  4. Growth driven only by exports
Correct Answer: B) Growth that benefits all sections of society, especially the poor and marginalized

Q19. In IBPS PO General Awareness, questions on “Budget” mainly test knowledge of:

  1. Only political parties
  2. Key allocations, schemes, tax changes, and economic priorities
  3. Cricket scores
  4. Only state elections
Correct Answer: B) Key allocations, schemes, tax changes, and economic priorities

Q20. For IBPS PO preparation, “sectional timing” in the exam means:

  1. You can switch sections anytime
  2. Each section has a fixed time limit and cannot be interchanged
  3. No time limit at all
  4. Time is allotted only for Quantitative Aptitude
Correct Answer: B) Each section has a fixed time limit and cannot be interchanged
Previous article
RRB Indian Railway Group D Exam Quiz
Next article
Virus Quiz : Test your knowledge

Leave a Reply

Latest News

StuPick -

Virus Quiz : Test your knowledge

.quiz-question { border: 1px solid #ddd; padding: 12px 16px; ...

More Articles Like This

spot_img