IBPS Bank PO Exam – Practice Quiz (Set 9 – 20 Questions)
Attempt the following questions and click “Show Answer” to reveal the correct option.
Q1. “Core Banking Solution (CBS)” in banks enables customers to:
- Operate their accounts only at the home branch
- Operate their accounts from any branch of the bank on a centralized network
- Open accounts without KYC
- Access only ATM services
Correct Answer: B) Operate their accounts from any branch of the bank on a centralized network
Q2. “Brown Label ATM” is one where:
- Both hardware and network are owned by the bank
- Hardware is owned by a service provider, while the bank provides the network and branding
- ATM is owned and operated by non-bank entities
- ATM is used only for foreign currency
Correct Answer: B) Hardware is owned by a service provider, while the bank provides the network and branding
Q3. “Merchant Discount Rate (MDR)” is:
- Discount given by merchants on festival sales
- Fee charged to merchants for accepting digital payments (card/UPI, etc.)
- Interest rate charged on merchant loans
- Commission paid by merchants to suppliers
Correct Answer: B) Fee charged to merchants for accepting digital payments (card/UPI, etc.)
Q4. “Differentiated banks” in India include:
- Only Public Sector Banks
- Small Finance Banks and Payments Banks
- Only Private Sector Banks
- Only Foreign Banks
Correct Answer: B) Small Finance Banks and Payments Banks
Q5. “Bancassurance” refers to:
- Banks offering only credit cards
- Banks selling insurance products through their branch network
- Insurance companies running banks
- Banks providing only locker services
Correct Answer: B) Banks selling insurance products through their branch network
Q6. “Escrow account” is generally used to:
- Park black money
- Hold funds by a third party on behalf of two other parties until conditions are met
- Provide salary accounts
- Hold only fixed deposits
Correct Answer: B) Hold funds by a third party on behalf of two other parties until conditions are met
Q7. “Mudra” loans under Pradhan Mantri Mudra Yojana are NOT available for:
- Micro manufacturing units
- Small trading businesses
- Agricultural allied activities
- Purely agriculture crop loans
Correct Answer: D) Purely agriculture crop loans
Q8. “Wilful defaulter” is a borrower who:
- Cannot pay due to genuine financial distress
- Has the capacity to pay but deliberately does not repay loans
- Has taken a very small loan
- Is a government borrower
Correct Answer: B) Has the capacity to pay but deliberately does not repay loans
Q9. In banking, “Evergreening of loans” means:
- Giving loans only to agriculture
- Extending fresh loans to help a borrower repay old loans and avoid NPA classification
- Waiving all loans
- Providing green project finance only
Correct Answer: B) Extending fresh loans to help a borrower repay old loans and avoid NPA classification
Q10. “Provisioning” by banks refers to:
- Granting new loans
- Setting aside funds to cover expected losses on NPAs
- Increasing staff salaries
- Paying dividends
Correct Answer: B) Setting aside funds to cover expected losses on NPAs
Q11. In IBPS PO Quant, “Partnership” questions are based on:
- Sharing profits and losses among partners based on investment and time
- Distance-speed-time
- Simple interest
- Number systems
Correct Answer: A) Sharing profits and losses among partners based on investment and time
Q12. In Reasoning, “Logical Inequalities” questions test:
- English grammar
- Ability to compare variables using symbols (>, <, ≥, ≤, =)
- Knowledge of banking laws
- Data interpretation
Correct Answer: B) Ability to compare variables using symbols (>, <, ≥, ≤, =)
Q13. In English, “Inference” questions in Reading Comprehension require you to:
- Memorize the passage
- Draw logical conclusions that are not directly stated but implied in the passage
- Translate the passage
- Identify spelling mistakes
Correct Answer: B) Draw logical conclusions that are not directly stated but implied in the passage
Q14. In General Awareness, “Twin deficits” commonly refer to:
- Fiscal deficit and trade (current account) deficit
- Revenue deficit and capital deficit
- Budget deficit and inflation
- Trade deficit and stock market fall
Correct Answer: A) Fiscal deficit and trade (current account) deficit
Q15. “Base rate” regime in Indian banking was replaced by:
- MCLR (Marginal Cost of Funds based Lending Rate)
- Bank rate
- Repo rate
- Savings deposit rate
Correct Answer: A) MCLR (Marginal Cost of Funds based Lending Rate)
Q16. “Priority Sector” for banks in India does NOT include:
- Agriculture
- MSMEs
- Renewable energy
- Luxury hotels and resorts
Correct Answer: D) Luxury hotels and resorts
Q17. “Floating Exchange Rate” means:
- Exchange rate fixed by government
- Exchange rate determined by demand and supply in the forex market
- No exchange of currencies allowed
- Rate linked only to gold prices
Correct Answer: B) Exchange rate determined by demand and supply in the forex market
Q18. In IBPS PO interview, “strengths and weaknesses” questions are used to:
- Test only technical knowledge
- Assess self-awareness, honesty, and suitability for the role
- Check typing speed
- Evaluate mathematical skills
Correct Answer: B) Assess self-awareness, honesty, and suitability for the role
Q19. For IBPS PO, “cut-off marks” refer to:
- Maximum marks obtainable in the exam
- Minimum marks required to qualify a section or overall exam
- Marks of the topper only
- Average marks of all candidates
Correct Answer: B) Minimum marks required to qualify a section or overall exam
Q20. While preparing for IBPS PO, “analysis of previous year papers” helps mainly to:
- Predict exact questions
- Understand pattern, difficulty level, and important topics
- Avoid practicing mock tests
- Skip conceptual study
Correct Answer: B) Understand pattern, difficulty level, and important topics
