Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017 |

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Banking Awareness for IBPS 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. Which bank becomes first Bank in India to launch EMI facility on debit cards?

(a) Bandhan Bank

(b) SBI

(d) ICICI Bank

(e) Axis Bank

Q2. Which of the following is correct?

(a) Reserve Bank of India Act, 1935

(b) Reserve Bank of India Act, 1934

(d) Reserve Bank of India Act, 1921

(e) Reserve Bank of India Act, 1942

Q3. Which of the following features fit for E-Banking-?

(a) Providing Ease in banking operations

(b) Stress on branchless banking

(d) All of the above

(e) None of the given options is true

Q4. If the cheque is issued by a bank in the same city as the payee, the cheque will be called?

(a) Outstation Cheque

(b) Local Cheque

(d) Multicity Cheque

(e) None of the given options is true

Q5. CTS is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques. What is the meaning of “T” in CTS?

(a) Truncation

(b) Transfer

(d) Ticket

(e) Trust

Q6. SAT is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India (SEBI) Act, 1992. SAT stands for-

(a) Securities Appellate Tribunal

(b) Securities Appellate Treaty

(d) Saving Appellate Tribunal

(e) None of the given options is true

Q7. An account for which a bank acts as an uninterested third party is termed as?

(a) Savings Account

(b) Current Account

(d) Escrow Account

(e) Fixed Account

Q8. A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as ________

(a) Power of Attorney

(b) Promissory Note

(d) Plastic Notes

(e) None of the given options is true

Q9. Which of the following is defined as the difference between current assets and current liabilities?

(a) Venture Capital

(b) Working Capital

(d) Loss Assets

(e) Profit and Loss Account

Q10. A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as __________

(a) external debt

(b) good debt

(d) internal debt

(e) None of the given options is true

Q11. Which among the following countries has contributed $100,000 to a UN fund to help developing countries actively participate in the discussion of tax issues, becoming the first country to make the contribution?

(a) India

(b) UK

(d) Canada

(e) China

Q12. Which bank has started insolvency resolution process against Lanco Infratech Ltd. following a directive from the Reserve Bank of India (RBI), While this is the first resolution process initiated by the lenders against 12 large borrowers identified by the RBI recently?

(a) State Bank of India

(b) IDBI Bank

(d) Bank of India

(e) ICICI Bank

Q13. Stepping up its fight against tax evasion, the Centre has made it mandatory to quote the Aadhaar number for opening bank accounts and for transactions exceeding-

(a) Rs.10,000

(b) Rs.80,000

(d) Rs.1,00,000

(e) Rs.1,50,000

Q14. The Reserve Bank of India has initiated PCA on Bank of Maharashtra placing a restriction on the banking activities. What is the meaning of “A” in PCA?

(a) Against

(b) Assets

(d) Action

(e) Agency

Q15. Which among the following international organisation has cleared a USD 250-million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill India Mission?

(a) Asian Development Bank (ADB)

(b) World Trade Organization (WTO)

(d) International Monetary Fund (IMF)

(e) World Bank (WB)

Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017 (Solutions)

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