BFSI | Assesments

A BFSI internship provides hands-on experience in the finance sector, covering areas such as banking operations, financial analysis, customer service, investment planning, risk management, and insurance processing. Interns gain insights into how financial institutions operate and are introduced to tools, policies, and compliance procedures.

Objectives

Understand the structure and functions of the BFSI industry.
Gain experience with financial products like loans, mutual funds, insurance policies, etc.
Learn regulatory frameworks (e.g., RBI guidelines, IRDAI norms).
Assist in data analysis, customer onboarding, market research, or process improvement.

Key Responsibilities

Assist with account opening, KYC documentation, and transaction processing.
Analyze customer portfolios and suggest financial products.
Support in auditing, compliance checks, and risk assessment.
Perform competitor/market research and prepare reports.
Use tools like Excel, Tally, or financial CRMs for data entry or analysis.

Skills You’ll Gain

Financial Analysis & Reporting
Communication & Client Handling
Basic Accounting & Taxation
Regulatory Compliance Knowledge
Use of tools like MS Excel, CRM systems, and banking software
Understanding of financial instruments and risk products

Important Notice:
Once you start the quiz, you will not be able to pause, exit, or restart it. Please ensure you are ready before begin.

Banking, financial services and insurance D1

1 / 50

1) LIC IPO was launched in which year?

a) 2023

b) 2019

c) 2018

d) 2022

2 / 50

2) PAN is mandatory for:

a) Getting ATM card

b) None of the above

c) Opening a basic savings account

d) Depositing cash above ₹50,000

3 / 50

3) The headquarters of RBI is in:

a) Hyderabad

b) Chennai

c) Delhi

d) Mumbai

4 / 50

4) The best way to deal with a dissatisfied customer is to:

a) Ignore the complaint

b) Listen actively and respond with empathy

c) Redirect to another department

d) Argue with them

5 / 50

5) KYC stands for:

a) Know Young Customer

b) Know Your Customer

c) Know Your Character

d) Know Your Country

6 / 50

6) Which act governs foreign exchange in India?

a) FEBA

b) FEMA 2.0

c) FEMA

d) FERA

7 / 50

7) A person spends 30% of his income on rent, 25% on food, and 15% on travel. What percent is left?

a) 25%

b) 35%

c) 20%

d) 30%

8 / 50

8) ‘Bank rate’ is:

a) Rate at which RBI lends money to commercial banks

b) Rate at which banks give loans to customers

c) Rate at which money can be withdrawn

d) Rate charged for ATM usage

9 / 50

9) What is the repo rate as per the latest MPC announcement (2025)?

a) 7.00%

b) 5.75%

c) 6.00%

d) 6.50%

10 / 50

10) The ratio of the ages of A and B is 3:4. If A is 24 years, what is B’s age?

a) 40

b) 32

c) 30

d) 36

11 / 50

11) Which payment interface has revolutionized real-time digital payments in India?

a) NEFT

b) RTGS

c) UPI

d) IMPS

12 / 50

12) A sum of money doubles in 4 years at simple interest. What is the rate per annum?

a) 35%

b) 30%

c) 25%

d) 20%

13 / 50

13) Which of the following is a credit rating agency?

a) CARE

b) RBI

c) IRDAI

d) SIDBI

14 / 50

14) Which quality is most important in customer service?

a) Friendliness

b) Casualness

c) Strictness

d) Empathy

15 / 50

15) KYC is mandatory under:

a) Insurance Act

b) Companies Act

c) Prevention of Money Laundering Act

d) RBI Act

16 / 50

16) Which of these are not a function of commercial banks?

a) Credit creation

b) Providing loans

c) Accepting deposits

d) Issuing currency

17 / 50

17) What digital currency pilot was launched by RBI?

a) e₹ (e-Rupee)

b) e-Paisa

c) e-RUPI

d) BharatCoin

18 / 50

18) Who is the current Governor of the RBI (as of 2025)?

a) Shaktikanta Das

b) Raghuram Rajan

c) D Subbarao

d) Urjit Patel

19 / 50

19) While dealing with an elderly customer, the best approach is:

a) Transfer the call

b) Be patient and respectful

c) Hurry through the conversation

d) Use technical jargon

20 / 50

20) Which scheme focuses on financial inclusion through direct bank transfers?

a) PMJDY

b) PMGKY

c) PMFBY

d) PMEGP

21 / 50

21) Communication in banking is important to:

a) Avoid giving complete information

b) Build clarity and trust

c) Close the case quickly

d) Argue with customers

22 / 50

22) Which regulator was merged with SEBI in 2015?

a) RBI

b) IRDAI

c) FMC

d) TRAI

23 / 50

23) Which among the following is a public sector insurance company?

a) SBI Life Insurance

b) ICICI Lombard

c) National Insurance Company

d) HDFC Life

24 / 50

24) What is the minimum age required to open a Savings Bank (SB) account in India?

a) 10 years

b) 15 years

c) 12 years

d) 8 years

25 / 50

25) A man sells a product at ₹1,200 and gains 20%. What was the cost price?

a) ₹960

b) ₹1,000

c) ₹980

d) ₹900

26 / 50

26) Which is the regulator of Microfinance Institutions (MFIs)?

a) RBI

b) NABARD

c) SEBI

d) SIDBI

27 / 50

27) Find the missing number: 8, 16, 32, ?, 128

a) 56

b) 48

c) 64

d) 96

28 / 50

28) Which Indian bank was recently included in the world’s top 50 banks by market cap?

a) HDFC Bank

b) Axis Bank

c) SBI

d) ICICI Bank

29 / 50

29) Which of these is NOT regulated by RBI?

a) Scheduled Banks

b) Foreign Exchange

c) NBFCs

d) Mutual Funds

30 / 50

30) Which scheme aims to promote financial inclusion by providing banking services to all households?

a) Atal Pension Yojana

b) Ujjwala Yojana

c) MGNREGA

d) PMJDY

31 / 50

31) Which bank recently merged with HDFC Bank in 2023?

a) Kotak Bank

b) ICICI Home Finance

c) Axis Bank

d) HDFC Ltd

32 / 50

32) What does CRR stand for in banking?

a) Core Reserve Rate

b) Capital Reserve Requirement

c) Credit Reserve Ratio

d) Cash Reserve Ratio

33 / 50

33) Basel Norms are related to:

a) Agriculture loans

b) Insurance rules

c) Capital adequacy in banks

d) Taxation

34 / 50

34) Who regulates IPOs in India?

a) BSE

b) IRDAI

c) RBI

d) SEBI

35 / 50

35) Which account is a zero-balance account with additional benefits, introduced as part of financial inclusion?

a) NRE Account

b) PMJDY Account

c) Fixed Deposit

d) Recurring Deposit

36 / 50

36) Which entity regulates commodity markets?

a) FMC

b) SEBI

c) IRDAI

d) RBI

37 / 50

37) ATM stands for:

a) All of the above

b) Automatic Teller Machine

c) Any Time Money

d) Automated Teller Machine

38 / 50

38) If a bank gives 8% simple interest per annum, what will ₹5,000 become in 3 years?

a) ₹6,500

b) ₹6,200

c) ₹6,000

d) ₹5,800

39 / 50

39) A PAN card is issued by:

a) SEBI

b) NSDL

c) RBI

d) Income Tax Department

40 / 50

40) Which app was launched by the Government to ease credit to MSMEs?

a) PSB Loans in 59 Minutes

b) Bharat Udyam

c) Udyog Mitra

d) MSME Connect

41 / 50

41) What does NACH stand for?

a) None of the above

b) New Account Clearing Help

c) National Automated Clearing House

d) National Account Clearing House

42 / 50

42) In Budget 2025, what is the government’s target fiscal deficit?

a) 3.5%

b) 5.1%

c) 4.5%

d) 6.4%

43 / 50

43) Which of these is a function of SEBI?

a) Monitoring inflation

b) Regulating insurance

c) Regulating stock exchanges

d) Issuing loans

44 / 50

44) If 4 pens cost ₹32, what is the cost of 10 pens?

a) ₹90

b) ₹60

c) ₹80

d) ₹100

45 / 50

45) A BFSI employee must maintain:

a) Product knowledge only

b) Strict body language

c) Aggressive sales attitude

d) Customer trust and data confidentiality

46 / 50

46) Which of the following are included in Priority Sector Lending?

a) Micro & Small Enterprises

b) Agriculture

c) All of the above

d) Education

47 / 50

47) A person invests ₹10,000 at 10% compound interest for 2 years. What is the final amount?

a) ₹12,100

b) ₹11,000

c) ₹11,200

d) ₹12,000

48 / 50

48) If the interest earned on ₹6,000 for 2 years is ₹960, what is the rate of interest?

a) 7%

b) 8%

c) 10%

d) 12%

49 / 50

49) Which of the following is a government body?

a) ICICI

b) SEBI

c) HDFC

d) Bajaj Finance

50 / 50

50) What is the average of 12, 14, 16, 18, 20?

a) 18

b) 16

c) 15

d) 17

Your score is

The average score is 0%

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Objectives

Key Responsibilities

Skills You’ll Gain

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