IBPS Bank PO Exam – Practice Quiz (Set 7 – 20 Questions) Attempt the following questions and click “Show Answer” to reveal the correct option.
Q1. The headquarters of the Reserve Bank of India (RBI) is located in: New Delhi Mumbai Kolkata Chennai Show Answer Correct Answer: B) Mumbai
Q2. “Scheduled Bank” in India is one which is included in: Banking Regulation Act, 1949 Second Schedule of RBI Act, 1934 Companies Act, 2013 Negotiable Instruments Act, 1881 Show Answer Correct Answer: B) Second Schedule of RBI Act, 1934
Q3. “Overnight money” in the money market refers to funds borrowed or lent for: Less than 1 year 1 to 3 months Exactly 1 day More than 1 year Show Answer Correct Answer: C) Exactly 1 day
Q4. “Bank Ombudsman Scheme” is intended to: Regulate bank interest rates Resolve customer grievances against banks Issue currency notes Supervise stock exchanges Show Answer Correct Answer: B) Resolve customer grievances against banks
Q5. “MICR” code printed on cheques is used mainly for: Electronic clearing of cheques Determining interest rate Verifying customer’s PAN Allocating locker numbers Show Answer Correct Answer: A) Electronic clearing of cheques
Q6. “NSDL” and “CDSL” are associated with: Currency trading Securities depository services (Demat accounts) Insurance regulation Bank branch licensing Show Answer Correct Answer: B) Securities depository services (Demat accounts)
Q7. “Call Option” in financial markets gives the holder the right to: Only sell an asset at a specified price Only buy an asset at a specified price Both buy and sell an asset at market price Borrow money from the issuer Show Answer Correct Answer: B) Only buy an asset at a specified price
Q8. “Forward contract” is: A standardized contract traded on exchanges A customized OTC contract to buy/sell an asset at a future date at agreed price A government bond A type of mutual fund Show Answer Correct Answer: B) A customized OTC contract to buy/sell an asset at a future date at agreed price
Q9. “Blue-chip companies” are generally: Newly formed start-ups Well-established, financially sound companies with stable earnings Only government-owned enterprises Companies with only foreign ownership Show Answer Correct Answer: B) Well-established, financially sound companies with stable earnings
Q10. “Debenture” is best described as: A type of equity share A long-term debt instrument acknowledging a loan to a company A savings deposit A mutual fund unit Show Answer Correct Answer: B) A long-term debt instrument acknowledging a loan to a company
Q11. “Bridge loan” is usually classified as: Working capital term loan Short-term interim loan till long-term funding is arranged Long-term infrastructure loan Personal consumption loan Show Answer Correct Answer: B) Short-term interim loan till long-term funding is arranged
Q12. “Consortium lending” refers to: Single bank financing an entire large project Multiple banks jointly financing a large borrower/project Only NBFCs financing corporates Government financing only Show Answer Correct Answer: B) Multiple banks jointly financing a large borrower/project
Q13. “Leverage” in finance generally means: Use of own funds only Use of borrowed funds to increase potential return on equity Reduction of debt to zero Only issuing new shares Show Answer Correct Answer: B) Use of borrowed funds to increase potential return on equity
Q14. “Zero Coupon Bond” is a bond that: Pays interest annually Pays interest monthly Is issued at a discount and pays no periodic interest Pays interest only on maturity plus face value Show Answer Correct Answer: C) Is issued at a discount and pays no periodic interest
Q15. “Money laundering” typically involves: Paying taxes on income Concealing the origin of illegally obtained money by passing it through legitimate channels Depositing salary in a bank Buying mutual funds through banks Show Answer Correct Answer: B) Concealing the origin of illegally obtained money by passing it through legitimate channels
Q16. In IBPS PO Quant, “Alligation” is a method used primarily for: Time and distance problems Mixture and average problems Simple interest only Number series Show Answer Correct Answer: B) Mixture and average problems
Q17. In Reasoning, “Coding-Decoding” questions test: Arithmetic accuracy Ability to identify letter/number pattern used to code words Grammar skills General knowledge Show Answer Correct Answer: B) Ability to identify letter/number pattern used to code words
Q18. In English, “Para Completion” questions require you to: Delete extra lines from a passage Choose a sentence that logically completes a given paragraph Translate paragraphs Write a summary of a story Show Answer Correct Answer: B) Choose a sentence that logically completes a given paragraph
Q19. In General Awareness, “Disinvestment” refers to: Government increasing its stake in PSUs Government selling its stake in public sector enterprises Private companies buying each other Foreign companies exiting India Show Answer Correct Answer: B) Government selling its stake in public sector enterprises
Q20. For IBPS PO preparation, “accuracy before speed” means: Attempt all questions, even if many are guesses Focus first on solving correctly, then gradually increase speed Skip difficult sections Ignore negative marking Show Answer Correct Answer: B) Focus first on solving correctly, then gradually increase speed
