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Banking Awareness Quiz

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1. IFSC stands for ______________
a) Indian Financial Service Code
b) International Financial System Code
c) Indian Financial System Code
d) Indian Financial Standard Code
e) None of these

2. IFSC is _____________code that is used to uniquely identify a bank branch participating in the electronic payment systems in India
a) Alpha
b) Numeric
c) Symbol
d) Both alpha and numeric
e) None of these

3. IFSC is ____ digit code
a) 11
b) 10
c) 9
d) 7
e) None of these

4. In MICR the second 3 digits represent __________
a) City code
b) Bank code
c) Bank branch
d) Service code
e) None of these

5. In IFSC first 4 letters represent ____________
a) Service code
b) Bank code
c) Branch code
d) Character code
e) None of these

6. In IFSC the 5th letter is ________
a) 0
b) 1
c) 2
d) 3
e) None of these

7. In IFSC last six letters represent __________
a) Bank name
b) Bank state
c) Bank branch
d) Bank service
e) None of these

8. MICR stands for ____________
a) Magnetic Ink Cash Recognition
b) Magnetic Ink Country Recognition
c) Magnetic Ink Counter Recognition
d) Magnetic Ink Currency Recognition
e) None of these

9. MICR code is a ___________code
a) Alpha
b) Numeric
c) Both alpha and numeric
d) Bar
e) All the options are true

10. MICR code is ____ digits code
a) 6
b) 7
c) 8
d) 9
e) None of these

 

ANSWER :-

1)c) Indian Financial System Code
2)d) Both alpha and numeric
3)a) 11
4)b) Bank code
5)b) Bank code
6)a) 0
7)c) Bank branch
8)e) None of these
9)b) Numeric
10)d) 9

 

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