Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017

Banking Quiz 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. The RBI has cut the repo rate by 25 bps in third bi-monthly monetary policy 2017. What is the rate of present Repo Rate?

(a) 5.75 per cent

(b) 6.00 per cent

(c) 6.25 per cent

(d) 6.50 per cent

(e) 5.50 per cent

Q2. Which among the following public sector Banks has offered BBPS, introduced by the National Payments Corporation of India for its customers?

(a) Bank of Baroda

(b) State Bank of India

(c) Central Bank of India

(d) Punjab National Bank

(e) Indian Overseas Bank

Q3. Which Bank has launched its first ‘Digital Banking Branch’ named ‘CANDI’ in Bengaluru?

(a) Union Bank

(b) ICICI Bank

(c) Canara Bank

(d) Indian Bank

(e) Axis Bank

Q4. The decline in the rate of inflation and high real interest rates have prompted State Bank of India to cut the savings bank deposits rate from 4 per cent to ___________ on deposits below Rs. 1 crore. 

(a) 3.50 per cent

(b) 2.75 per cent

(c) 3.75 per cent

(d) 3.30 per cent

(e) 3.00 per cent

Q5. The RBI has imposed a penalty of Rs. 3 crore on state-owned Union Bank of India for “non-compliance” with the directions on KYC norms. KYC stands for-?

(a) Know Your Commerce 

(b) Know Your Conclusion 

(c) Kite Your Customer

(d) Know Your Customer

(e) Know Your Consumer

Q6. Which of the following payments bank has announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL) to give the further boost to digital payments in the country and add to customer convenience?

(a) Aditya Birla Nuvo

(b) Department of Posts

(c) Airtel Payments Bank

(d) FINO PayTech

(e) National Securities Depository

Q7. Name the smartphone maker company, which has tied up with State Bank of India to store higher variants of SBI debit cards on the app.

(a) Samsung

(b) Motorola

(c) Apple

(d) Lava

(e) Sony

Q8. Karnataka Bank has raised interest rates on savings bank account for large balance above Rs 1 crore to 5% while for small balances below Rs 1 lakh, the bank has reduced it to 3%. Where is the corporate office of Karnataka Bank-?

(a) Mengaluru

(b) Bengaluru

(c) Mumbai

(d) Chennai

(e) Kochin

Q9. Kotak Mahindra Bank has launched Kotak Remit— an Aadhaar-based integrated outward forex remittance solution for both customers and non-customers recently. Who is the Executive Vice Chairman and Managing Director of Kotak Mahindra Bank?

(a) VY Reddy

(b) Aditya Kapoor

(c) Shikha Sharma

(d) Uday Kotak

(e) Nita Ambani

Q10. From 01st September 2017 Punjab National Bank’s customers will have to pay charges for depositing cash above _______ in a non-base branch even if it is located in the same city. 

(a) Rs. 15,000 

(b) Rs. 25,000 

(c) Rs. 5,000

(d) Rs. 10,000 

(e) Rs. 20,000 

Q11. Which Bank has launched instant credit cards enabling its savings account customers to get a credit card instantly, in a completely digital and paperless manner recently?

(a) State Bank of India

(b) ICICI Bank

(c) Axis Bank

(d) Bank of Baroda

(e) HDFC Bank

Q12. Private sector lender IDFC Bank has partnered with digital payments company Zeta, to launch ‘IDFC Bank Benefits’. It is a payment solution for corporates that digitizes employee spends and claims, making the process simple, real-time and paperless. Where is the head office of IDFC Bank?

(a) Chennai

(b) New Delhi

(c) Jaipur

(d) Kolkata

(e) Mumbai

Q13. Syndicate Bank has pared its marginal cost of funds based lending rate (MCLR) by 5-10 basis points in certain maturity buckets recently. Where is the headquarter of Syndicate Bank?

(a) Lucknow, Uttar Pradesh

(b) Jaipur, Rajasthan

(c) Kolkata, West Bengal

(d) Manipal, Karnataka

(e) Chennai, Tamil Nadu

Q14. India signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for the financing of USD 329 million for Gujarat Rural Roads Project. AIIB based in-?

(a) Japan

(b) China

(c) Germany

(d) France

(e) USA

Q15. Private sector lender Axis Bank reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent for deposits up to-

(a) Rs 1 lakh 

(b) Rs 80 lakh 

(c) Rs 20 lakh 

(d) Rs 50 lakh

(e) Rs 10 lakh  

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