Banking Awareness Questions for IBPS RRBs Exam 2017

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. A centralised database with online connectivity to branches and the Internet as well as ATM Network which has been adopted by almost all major banks of our country is known as_________

(a) Investment Banking

(b) Mobile Banking

(c) Specialised Banking

(d) Core Banking Solution

(e) None of the given options is true

Q2. Which of the following is the purpose of introducing “Know Your Customer” norms by the banks?

(a) Identifying people who do not pay Income Tax

(b) To bring more and more people under the banking net

(c) To ensure that the money deposited in banks has come from genuine sources

(d) All of the Above

(e) None of the given options is true

Q3. Security Printing and Minting Corporation of India (SPMCIL) Limited was incorporated under the Companies Act, 1956 with its corporate office at-

(a) Mumbai

(b) Kolkata

(c) Bangalore

(d) New Delhi

(e) Nasik

Q4. Security Paper Mill (SPM) was formally inaugurated and dedicated to the nation on the 9th March, __________ by the then Deputy Prime Minister, Shri Morarji Desai.

(a) 1956

(b) 1968

(c) 1949

(d) 1962

(e) 1971

Q5. What is Gross Domestic Product (GDP)?

(a) It is the market value of all final goods and services made in the country.

(b) It is the Cost production of all final goods and services made in the country.

(c) It is the Cost services of all final goods and services made in the country.

(d) It is the market value of all final goods and services made within the borders of a country in a year.

(e) None of the given options is true

Q6. _________ account is opened by the investor while registering with an investment broker.

(a) Fixed Deposit Account

(b) Savings Bank Account

(c) Recurring Account

(d) Demat Account

(e) None of the given options is true

Q7. Which of the following bank launches India’s first Mobile ATM?

(a) HDFC Bank

(b) Axis Bank

(c) ICICI Bank

(d) SBI

(e) Bank of Baroda

Q8. World’s first Bitcoin ATM located in-

(a) US

(b) Brazil

(c) Canada

(d) UK

(e) Japan

Q9. _______ is a financial market in which share prices are rising or expected to rise.

(a) Bear Market

(b) Bull Market

(c) Pig Market

(d) High Market

(e) None of the given options is true

Q10. Who was known as the “Father of Modern Economics”?

(a) Amartya Sen

(b) Karl Marx

(c) Adam Smith

(d) George Loewenstein

(e) None of the given options is true

Q11. The cheque which is truncated during the course of clearing cycle is called __________

(a) Stale Cheque

(b) Mutilated Cheque

(c) Self Cheque

(d) Truncated Cheque

(e) None of the given options is true

Q12. Person named in the instrument to whom or to whose order the money is to be paid is known as-?

(a) Drawer

(b) Drawee

(c) Payer

(d) Payee

(e) Receivable

Q13. National Housing Bank (NHB), a wholly owned subsidiary of the central bank (RBI) was established in 1988 under the-

(a) National Housing Bank Act, 1987

(b) National Housing Bank Act, 1988

(c) National Housing Bank Act, 1986

(d) National Housing Bank Act, 1985

(e) None of the given options is true

Q14. The Banking Ombudsman Scheme was introduced under __________ of the Banking Regulation Act, 1949 by RBI with effect from 1995.

(a) Section 25A

(b) Section 35A

(c) Section 45A

(d) Section 15A

(e) Section 55A

Q15. National Housing Bank (NHB), is an apex financial institution for housing, having headquarters in-?

(a) Mumbai

(b) New Delhi

(c) Bengaluru

(d) Hyderabad

(e) Kolkata

Banking Awareness Questions for IBPS RRB Exam 2017 (Solutions)