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Banking Awareness Questions for IBPS RRBs Exam 2017

Dear Readers,

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Just a few months are left for IBPS RRBs Mains It is time to pace up your preparation of Banking Awareness for IBPS RRB PO and Clerk Mains. These Banking questions will also help you in preparing for other upcoming banking recruitment examination.

Q1. Which Act was framed specially to deal with Non-Performing Assets (NPA)?
(a) Banking Regulation Act 1949
(b) Foreign Exchange Management Act(FEMA) 1999
(c) Industrial Disputes Act 1947
(d) SARFAESI Act, 2002
(e) None of the given options is true

Q2. In Notice Money Market, the tenor of the transactions is from ________
(a) 2-7 days
(b) 2-14 days
(c) 2-21 days
(d) 2-28 days
(e) 2-90 days
Q3. An Asset Reconstruction Company(ARC) in India is associated with-
(a) UCPDC
(b) DICGC
(c) NPA
(d) Home Loan
(e) None of the given options is true
Q4. Which of the following is mainly used by the banks in order to meet their temporary requirement of Cash on a daily basis?
(a) Commercial Paper
(b) Certificate of Deposit
(c) Collateralized Borrowing and Lending Obligations (CBLO)
(d) Call Money
(e) None of the given options is true
Q5. ___________ is a voluntary market body for the bond, money and derivatives markets.
(a) RBI
(b) SEBI
(c) IRDAI
(d) FIMMDA
(e) UIDAI
Q6. The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as…………?
(a) Liquidity
(b) Credit
(c) Marketability
(d) Repo Rate 
(e) Market price

Q7. Which was the first Indian company listed in National Association of Securities Dealers Automated Quotation System (NASDAQ)?
(a) TCS
(b) HCL
(c) Infosys
(d) Reliance
(e) Wipro
Q8. Special Drawing Rights (SDR) are supplementary foreign exchange reserve assets defined and maintained by-
(a) Asian Development Bank (ADB)
(b) Reserve Bank of India (RBI)
(c) World Bank (WB)
(d) International Monetary Fund (IMF)
(e) Asian Infrastructure Investment Bank (AIIB)
Q9. The Imperial Bank of India was renamed as?
(a) Reserve Bank of India
(b) IDBI
(c) Union Bank of India
(d) State Bank of India
(e) Axis Bank
Q10. SBI Day is observed on-
(a) April 1
(b) May 1
(c) June 5
(d) July 1
(e) August 1

Q11. Which bank has launched India’s first digital branch in Gurugram, Haryana?
(a) ICICI
(b) Axis Bank
(c) IndusInd Bank
(d) South Indian Bank
(e) State Bank of India
Q12. _______ is a deposit account provided by a bank or other financial institutions for individuals to save money and earn the modest interest for that money held in the account.
(a) Fixed Deposit Account
(b) Savings Bank Account
(c) Recurring Account
(d) Current Account
(e) Escrow Account
Q13. __________ is a deposit of money that has a fixed time and pays higher interest than a Saving Bank Account.
(a) Fixed Deposit Account
(b) Savings Bank Account
(c) Current Account
(d) All of the above
(e) None of the given options is true
Q14. First Indian bank to provide Internet Banking facility is-?
(a) SBI
(b) ICICI Bank
(c) Canara Bank
(d) BOI
(e) PNB

Q15. Which of the following was implemented by National Payments Corporation of India (NPCI) for Banks, Financial Institutions, corporate etc.?
(a) National Automated Clearing House (NACH)
(b) National Automatic Clearing House (NACH)
(c) National Automated Cleared House (NACH)
(d) National Automatic Cleared House (NACH)
(e) Nominal Automatic Cleared House (NACH)

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