Banking jobs are one of the prestigious jobs amongst youth in India. Job security and high status makes it popular and highly competitive. So, the candidate should start preparation right away to ensure success in the exam. In order to crack the exam, Aspirants should be well versed with latest exam pattern and trends. So Entri provides you Daily Practice quiz which will help you in preparation for IBPS, SBI, RBI, NABARD and other banking exams. Attempting daily Banking quiz will help the candidate to have an idea about the exam pattern and time taken to attempt the quiz. So start practicing daily quiz right away to achieve success in the examination!
Daily Practice Quiz 72 – Free Mock Test 2022 for IBPS, SBI, RBI and Other Bank Exams
1. Read the following passage carefully and answer the questions following it.
Foreign exchange market is described as an OTC (Over the counter) market as there is no physical place where the participants meet to execute their deals. It is more of an informal arrangement among the banks and brokers operating in a financing centre purchasing and selling currencies, connected to each other by telecommunications like telex, telephone and a satellite communication network, SWIFT. The term ‘foreign exchange market’ is used to refer to the segment of the market, where the dealings take place among the banks. The retail segment refers to the dealings that take place between banks and their customers. It is situated in a large number of places. They can be considered not as foreign exchange markets, but as the counters of such markets. The leading foreign exchange market in India is Mumbai. Calcutta, Chennai and Delhi are other centres accounting for the bulk of the exchange dealings in India. The policy of the Reserve Bank has been to decentralise exchanges operations and develop broader-based exchange markets. As a result of the efforts of the Reserve Bank, Cochin, Bangalore, Ahmadabad and Goa have emerged as the new centres of the foreign exchange market. The Foreign Exchange market is the largest financial market with a daily turnover of over USD 2 trillion. Foreign exchange markets were primarily developed to facilitate settlement of debts arising out of international trade. But these markets have developed on their own so much so that a turnover of about 3 days in the foreign exchange market is equivalent to the magnitude of world trade in goods and services. The largest foreign exchange market is in London followed by New York, Tokyo, Zurich and Frankfurt. The business in foreign exchange markets in India has shown a steady increase as a consequence of the increase in the volume of foreign trade of the country, improvement in the communications systems and greater access to the international
exchange markets. Still, the volume of transactions in these markets amounting to about USD 2 billion per day does not compete favourably with any well developed foreign exchange market of international repute. The reasons are not far to seek. The rupee is not an internationally traded currency and is not in great demand. Much of the external trade of the country is designated in leading currencies of the world, viz., US dollar, pound sterling, Euro, Japanese yen and Swiss franc. Incidentally, these are the currencies that are traded actively in the foreign exchange market in India.
A. Which of the following statements is not true according to the given passage?
A. The foreign exchange market is the largest financial market.
B. The term ‘foreign exchange market’ is used to refer to the segment of the market, where the dealings take place among the banks.
C. The rupee is not an internationally traded currency.
D. Foreign exchange markets are physical markets.
E. None of the above
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B. Which places have emerged as the new centres of the foreign exchange market?
A. Delhi and Mumbai
B. Chennai and Mumbai
C. Cochin, Bangalore, Ahmadabad and Goa
D. Kolkata and Delhi
E. None of the above
C. Which of the following words is opposite in meaning to ‘facilitate’ as used in the passage?
A. Ease
B. Impede
C. Make possible
D. Simplify
E. None of the above
D. Which of the following words is closest in meaning to ‘magnitude’ as used in the passage?
A Seize
B Measure
C Enormity
D Meek
E Smalless
E. What is the central theme of the given passage?
A. Foreign exchange markets
B. Financial markets
C. World economic trade
D. The international value of the Indian rupee
E. None of the above
2. Study the given informatipn carefully:
In the following question, some parts of the sentence may contain an error. Find out which part of the sentence does not have an error and click the option corresponding to it. If you think all the parts contain an error, mark option E , i.e. ‘None of these’ as your answer choice.
A. A Apple store in Amsterdam was evacuated and temporarily (A)/ closed after a iPad’s battery exploded on Sunday. (B)/ Apple employees at the store secure the iPad and (C)/ punctured the battery in a container of sand after it exploded. (D)
A. A
B. B
C. C
D. D
E. None of these
B. West Bengal TMC MP Derek O’Brien has (A)/ tweeted to clarify that the textbook mistakenly showing actor Farhan Akhtar a (B)/ former athlete Milkha Singh is not publicised by the (C)/ state government
and not used in government-running schools. (D)
A. A
B. B
C. C
D. D
E. None of these
C. Nineteen-year-old shooter Lakshay (A)/ finished second in the man’s trap event (B)/ on Monday too win India’s second silver (C)/ medal at shooting at the 2018 Asian Games. (D)
A. A
B. B
C. C
D. D
E. None of these
D. Volkswagen CEO Herbert Diess was told (A)/ with the existence of cheating software (B)/ in cars two months before regulators exposing the multi-billion (C)/ dollar exhausting emission scandal, German
magazine Der Spiegel reported. (D)
A. A
B. B
C. C
D. D
E. None of these
D. Shooter Apurvi Chandela and Ravi Kumar (A)/ opened Indias medal tally at the (B)/ 2018 Asian Games by winning bronze on the (C)/ final of the 10m Air Rifle mixed team event. (D)
A. A
B. B
C. C
D. D
E. None of these
Free Bank Mock Test PDF 2022
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You will be able to score high in the examination if you practice quizzes and mock test regularly. Attending daily quiz will help you in improving accuracy, speed and confidence-level. After attempting the quiz, you will be able to identify the weak areas and Entri will help you improve on that section. Stay tuned with us to attain your dream job!
