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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer 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 Show Answer Correct Answer: B) Understand pattern, difficulty level, and important topics
