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

a) UPI

b) RTGS

c) IMPS

d) NEFT

2 / 50

2) KYC is mandatory under:

a) RBI Act

b) Insurance Act

c) Companies Act

d) Prevention of Money Laundering Act

3 / 50

3) Who regulates IPOs in India?

a) IRDAI

b) SEBI

c) RBI

d) BSE

4 / 50

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

a) Education

b) Agriculture

c) Micro & Small Enterprises

d) All of the above

5 / 50

5) What digital currency pilot was launched by RBI?

a) BharatCoin

b) e-RUPI

c) e₹ (e-Rupee)

d) e-Paisa

6 / 50

6) What does NACH stand for?

a) National Account Clearing House

b) New Account Clearing Help

c) National Automated Clearing House

d) None of the above

7 / 50

7) A BFSI employee must maintain:

a) Product knowledge only

b) Strict body language

c) Aggressive sales attitude

d) Customer trust and data confidentiality

8 / 50

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

a) 18

b) 17

c) 16

d) 15

9 / 50

9) Which entity regulates commodity markets?

a) FMC

b) SEBI

c) IRDAI

d) RBI

10 / 50

10) Basel Norms are related to:

a) Taxation

b) Agriculture loans

c) Insurance rules

d) Capital adequacy in banks

11 / 50

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

a) 3.5%

b) 4.5%

c) 5.1%

d) 6.4%

12 / 50

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

a) SBI

b) ICICI Bank

c) HDFC Bank

d) Axis Bank

13 / 50

13) KYC stands for:

a) Know Young Customer

b) Know Your Customer

c) Know Your Country

d) Know Your Character

14 / 50

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

a) SBI Life Insurance

b) ICICI Lombard

c) HDFC Life

d) National Insurance Company

15 / 50

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

a) RBI

b) SIDBI

c) CARE

d) IRDAI

16 / 50

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

a) 64

b) 56

c) 96

d) 48

17 / 50

17) The headquarters of RBI is in:

a) Chennai

b) Hyderabad

c) Delhi

d) Mumbai

18 / 50

18) Which of the following is a government body?

a) HDFC

b) ICICI

c) SEBI

d) Bajaj Finance

19 / 50

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

a) ₹11,200

b) ₹12,100

c) ₹11,000

d) ₹12,000

20 / 50

20) ATM stands for:

a) Any Time Money

b) Automated Teller Machine

c) All of the above

d) Automatic Teller Machine

21 / 50

21) PAN is mandatory for:

a) Getting ATM card

b) Depositing cash above ₹50,000

c) Opening a basic savings account

d) None of the above

22 / 50

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

a) Credit creation

b) Issuing currency

c) Providing loans

d) Accepting deposits

23 / 50

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

a) MSME Connect

b) PSB Loans in 59 Minutes

c) Bharat Udyam

d) Udyog Mitra

24 / 50

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

a) 6.50%

b) 7.00%

c) 6.00%

d) 5.75%

25 / 50

25) Which quality is most important in customer service?

a) Strictness

b) Casualness

c) Empathy

d) Friendliness

26 / 50

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

a) 32

b) 36

c) 30

d) 40

27 / 50

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

a) 35%

b) 20%

c) 25%

d) 30%

28 / 50

28) Which regulator was merged with SEBI in 2015?

a) FMC

b) RBI

c) TRAI

d) IRDAI

29 / 50

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

a) NRE Account

b) PMJDY Account

c) Recurring Deposit

d) Fixed Deposit

30 / 50

30) Which of these is a function of SEBI?

a) Monitoring inflation

b) Issuing loans

c) Regulating insurance

d) Regulating stock exchanges

31 / 50

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

a) 12 years

b) 15 years

c) 8 years

d) 10 years

32 / 50

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

a) PMGKY

b) PMJDY

c) PMFBY

d) PMEGP

33 / 50

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

a) ₹980

b) ₹1,000

c) ₹900

d) ₹960

34 / 50

34) What does CRR stand for in banking?

a) Core Reserve Rate

b) Capital Reserve Requirement

c) Cash Reserve Ratio

d) Credit Reserve Ratio

35 / 50

35) Which of these is NOT regulated by RBI?

a) Scheduled Banks

b) NBFCs

c) Foreign Exchange

d) Mutual Funds

36 / 50

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

a) 10%

b) 7%

c) 8%

d) 12%

37 / 50

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

a) Argue with them

b) Ignore the complaint

c) Redirect to another department

d) Listen actively and respond with empathy

38 / 50

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

a) D Subbarao

b) Raghuram Rajan

c) Urjit Patel

d) Shaktikanta Das

39 / 50

39) Communication in banking is important to:

a) Argue with customers

b) Close the case quickly

c) Build clarity and trust

d) Avoid giving complete information

40 / 50

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

a) ₹100

b) ₹90

c) ₹80

d) ₹60

41 / 50

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

a) Use technical jargon

b) Be patient and respectful

c) Hurry through the conversation

d) Transfer the call

42 / 50

42) Which act governs foreign exchange in India?

a) FEBA

b) FEMA 2.0

c) FERA

d) FEMA

43 / 50

43) ‘Bank rate’ is:

a) Rate charged for ATM usage

b) Rate at which RBI lends money to commercial banks

c) Rate at which banks give loans to customers

d) Rate at which money can be withdrawn

44 / 50

44) LIC IPO was launched in which year?

a) 2022

b) 2023

c) 2019

d) 2018

45 / 50

45) 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

46 / 50

46) A PAN card is issued by:

a) Income Tax Department

b) SEBI

c) NSDL

d) RBI

47 / 50

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

a) 30%

b) 25%

c) 35%

d) 20%

48 / 50

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

a) SIDBI

b) RBI

c) SEBI

d) NABARD

49 / 50

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

a) Atal Pension Yojana

b) Ujjwala Yojana

c) PMJDY

d) MGNREGA

50 / 50

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

a) ICICI Home Finance

b) Kotak Bank

c) Axis Bank

d) HDFC Ltd

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Objectives

Key Responsibilities

Skills You’ll Gain

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