Dear Readers,
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. Fiscal policy is concerned with which of the following?
(a) Public Revenue and Expenditure
(b) Issue of Currency
(c) Export Import
(d) Population Control
(e) Education for all
Q2. In which of the following types of banking, there is a direct execution of the transaction between a bank and its consumers?
(a) Retail Banking
(b) Universal Banking
(c) Virtual Banking
(d) Unit Banking
(e) None of the given options is true
Q3. Loans against the security of shares, debentures and bonds should not exceed the limit of Rupees ____________ per individual if the securities are held in physical form.
(a) two lakhs
(b) five lakhs
(c) ten lakhs
(d) fifteen lakhs
(e) twenty lakhs
Q4. In case of failed ATM transactions, if the amount is not credited to customer’s account within 7 working days from the date of receipt of the complaint. Banks have to pay compensation at the rate of Rs.________ per day.
(a) 150
(b) 200
(c) 100
(d) 10
(e) 50
Q5. Which of the following is known as “Demat” account?
(a) Account in which shares are held in electronic form
(b) Account opened with zero balance
(c) Account allowed to be operated by guardian of minor
(d) Account operated by business correspondents in rural centres.
(e) None of the given options is true
Q6. On 07th October 2015, Ujjivan Financial Services Private Ltd has received an in-principle approval from the RBI to set up a small finance bank. Where is headquarter of Ujjivan Financial Services Private Ltd small finance bank?
(a) Kochin
(b) Jaipur
(c) Mumbai
(d) Chennai
(e) Bengaluru
Q7. Name India’s first credit rating agency, is incorporated, promoted by the erstwhile ICICI Ltd, along with UTI and other financial institutions.
(a) CRISIL
(b) CIBIL
(c) ICRA
(d) All of the above
(e) None of the given options is true
Q8. ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in _________ by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional Investment Information and Credit Rating Agency.
(a) 2004
(b) 1999
(c) 1995
(d) 1987
(e) 1991
Q9. The largest shareholder of a Public Sector Banks (PSBs) is?
(a) RBI
(b) Government of India
(c) NABARD
(d) All of the Above
(e) Finance Ministry
Q10. The Foreign exchange of India is kept with-
(a) SBI
(b) ECGC
(c) RBI
(d) NABARD
(e) None of the given options is true
Q11. The foreign shareholding in the small finance bank would be as per the FDI policy for _______________ as amended from time to time.
(a) Private Sector Banks
(b) Public Sector Banks
(c) Foreign Sector Banks
(d) Regional Rural Banks
(e) All of the above
Q12. The promoter’s minimum initial contribution to the paid-up equity capital of such small finance bank shall at least be ———?
(a) 50 per cent
(b) 40 per cent
(c) 60 per cent
(d) 30 per cent
(e) 20 per cent
Q13. Small Finance Banks will be required to extend ________ of its ANBC to the sectors eligible for classification as priority sector lending (PSL) by the Reserve Bank.
(a) 55%
(b) 35%
(c) 75%
(d) 50%
(e) 10%
Q14. The small finance bank will be subject to all prudential norms and regulations of RBI as applicable to existing commercial banks including the requirement of maintenance of CRR and SLR. What is the present rate of SLR?
(a) 20.75 per cent
(b) 19.75 per cent
(c) 20.25 per cent
(d) 20.00 per cent
(e) 21.25 per cent
Q15. FDI is an investment made by a company or individual in one country in business interests in another country. FDI stands for-
(a) Foreign Direct Industries
(b) Fully Direct Investment
(c) Foreign Department Investment
(d) Foreign Direct Installment
(e) Foreign Direct Investment
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