Banking Awareness Questions for IBPS RRBs PO and Clerk 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. _________ 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

Q2. 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

Q3. World’s first Bitcoin ATM located in-

(a) US

(b) Brazil

(c) Canada

(d) UK

(e) Japan

Q4. _______ 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

Q5. 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

Q6. 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

Q7. 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

Q8. 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

Q9. 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

Q10. 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

Q11. 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

Q12. 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

Q13. Special Drawing Rights (SDR) is 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)

Q14. 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

Q15. SBI Day is observed on-

(a) April 1

(b) May 1

(c) June 5

(d) July 1

(e) August 1