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 bank recently merged with HDFC Bank in 2023?

a) HDFC Ltd

b) Axis Bank

c) Kotak Bank

d) ICICI Home Finance

2 / 50

2) Which of these is a function of SEBI?

a) Regulating insurance

b) Monitoring inflation

c) Regulating stock exchanges

d) Issuing loans

3 / 50

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

a) ICICI Bank

b) SBI

c) HDFC Bank

d) Axis Bank

4 / 50

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

a) 35%

b) 25%

c) 30%

d) 20%

5 / 50

5) LIC IPO was launched in which year?

a) 2018

b) 2023

c) 2019

d) 2022

6 / 50

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

a) HDFC Life

b) SBI Life Insurance

c) National Insurance Company

d) ICICI Lombard

7 / 50

7) Communication in banking is important to:

a) Avoid giving complete information

b) Argue with customers

c) Close the case quickly

d) Build clarity and trust

8 / 50

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

a) 6.4%

b) 4.5%

c) 3.5%

d) 5.1%

9 / 50

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

a) IMPS

b) NEFT

c) RTGS

d) UPI

10 / 50

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

a) Micro & Small Enterprises

b) Agriculture

c) Education

d) All of the above

11 / 50

11) KYC stands for:

a) Know Your Character

b) Know Young Customer

c) Know Your Customer

d) Know Your Country

12 / 50

12) What digital currency pilot was launched by RBI?

a) e-RUPI

b) e₹ (e-Rupee)

c) BharatCoin

d) e-Paisa

13 / 50

13) 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) 30

c) 36

d) 32

14 / 50

14) The headquarters of RBI is in:

a) Hyderabad

b) Delhi

c) Chennai

d) Mumbai

15 / 50

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

a) 64

b) 96

c) 48

d) 56

16 / 50

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

a) Providing loans

b) Credit creation

c) Accepting deposits

d) Issuing currency

17 / 50

17) Basel Norms are related to:

a) Taxation

b) Capital adequacy in banks

c) Agriculture loans

d) Insurance rules

18 / 50

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

a) 18

b) 16

c) 15

d) 17

19 / 50

19) Which regulator was merged with SEBI in 2015?

a) TRAI

b) IRDAI

c) RBI

d) FMC

20 / 50

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

a) Transfer the call

b) Use technical jargon

c) Hurry through the conversation

d) Be patient and respectful

21 / 50

21) A PAN card is issued by:

a) SEBI

b) RBI

c) NSDL

d) Income Tax Department

22 / 50

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

a) NABARD

b) RBI

c) SIDBI

d) SEBI

23 / 50

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

a) D Subbarao

b) Shaktikanta Das

c) Raghuram Rajan

d) Urjit Patel

24 / 50

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

a) 7.00%

b) 6.00%

c) 5.75%

d) 6.50%

25 / 50

25) PAN is mandatory for:

a) Opening a basic savings account

b) Depositing cash above ₹50,000

c) Getting ATM card

d) None of the above

26 / 50

26) ATM stands for:

a) Any Time Money

b) Automated Teller Machine

c) All of the above

d) Automatic Teller Machine

27 / 50

27) KYC is mandatory under:

a) Companies Act

b) Prevention of Money Laundering Act

c) RBI Act

d) Insurance Act

28 / 50

28) Which of these is NOT regulated by RBI?

a) Mutual Funds

b) Scheduled Banks

c) NBFCs

d) Foreign Exchange

29 / 50

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

a) 7%

b) 12%

c) 8%

d) 10%

30 / 50

30) What does NACH stand for?

a) National Automated Clearing House

b) New Account Clearing Help

c) National Account Clearing House

d) None of the above

31 / 50

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

a) 8 years

b) 12 years

c) 10 years

d) 15 years

32 / 50

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

a) 30%

b) 20%

c) 35%

d) 25%

33 / 50

33) Who regulates IPOs in India?

a) BSE

b) RBI

c) IRDAI

d) SEBI

34 / 50

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

a) MSME Connect

b) Bharat Udyam

c) Udyog Mitra

d) PSB Loans in 59 Minutes

35 / 50

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

a) ₹12,000

b) ₹11,000

c) ₹12,100

d) ₹11,200

36 / 50

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

a) PMFBY

b) PMEGP

c) PMGKY

d) PMJDY

37 / 50

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

a) Recurring Deposit

b) Fixed Deposit

c) NRE Account

d) PMJDY Account

38 / 50

38) Which entity regulates commodity markets?

a) IRDAI

b) RBI

c) SEBI

d) FMC

39 / 50

39) Which quality is most important in customer service?

a) Strictness

b) Friendliness

c) Casualness

d) Empathy

40 / 50

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

a) ₹6,500

b) ₹6,000

c) ₹6,200

d) ₹5,800

41 / 50

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

a) ₹60

b) ₹100

c) ₹80

d) ₹90

42 / 50

42) ‘Bank rate’ is:

a) Rate at which banks give loans to customers

b) Rate charged for ATM usage

c) Rate at which money can be withdrawn

d) Rate at which RBI lends money to commercial banks

43 / 50

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

a) ₹960

b) ₹900

c) ₹1,000

d) ₹980

44 / 50

44) A BFSI employee must maintain:

a) Customer trust and data confidentiality

b) Product knowledge only

c) Aggressive sales attitude

d) Strict body language

45 / 50

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

a) Listen actively and respond with empathy

b) Redirect to another department

c) Ignore the complaint

d) Argue with them

46 / 50

46) What does CRR stand for in banking?

a) Cash Reserve Ratio

b) Credit Reserve Ratio

c) Core Reserve Rate

d) Capital Reserve Requirement

47 / 50

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

a) CARE

b) RBI

c) IRDAI

d) SIDBI

48 / 50

48) Which of the following is a government body?

a) HDFC

b) Bajaj Finance

c) ICICI

d) SEBI

49 / 50

49) Which act governs foreign exchange in India?

a) FEMA

b) FEMA 2.0

c) FERA

d) FEBA

50 / 50

50) 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

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Objectives

Key Responsibilities

Skills You’ll Gain

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