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. Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992

(a) Constitutional body

(b) Advisory body

(d) Statutory body

(e) None of the given options is true

Q2. Which of the following is a function of SEBI?

(a) to approve by-laws of stock exchanges.

(b) inspect the books of accounts of financial intermediaries.

(d) compel certain companies to list their shares in one or more stock exchanges.

(e) All of the Above

Q3. Which of the following services is NOT provided by the post offices in India?

(a) Savings Bank Scheme

(b) Retailing of Mutual Funds

(d) Life Insurance cover

(e) Issuance of Demand Drafts

Q4. Credit rating is _______

(a) is used to rate the borrowers while giving advances

(b) is used to work out performance of the employees

(d) is not used in any bank

(e) is necessary before giving promotion to employees

Q5. Currency swap is an instrument to manage _______

(a) Interest Rate Risk

(b) Currency Risk

(d) All of the Above

(e) None of the given options is true

Q6. The Aadhaar-Enabled Payment Systems (AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar authentication number. Aadhaar enabled basic types of banking do not include-

(a) Balance Enquiry

(b) Cash Withdrawal

(d) Cash Deposit

(e) Aadhaar to Aadhaar funds transfer

Q7. Loans against the security of shares, debentures and bonds should not exceed the limit of Rupees _______________ per individual if the securities are held in dematerialised form.

(a) ten lakhs

(b) five lakhs

(d) fifty lakhs

(e) twenty lakhs

Q8. The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as?

(a) Economic Policy

(b) Monetary Policy

(d) Credit Policy

(e) Budgetary Policy

Q9. Who amongst the following is the regulator in the financial system of the country?

(a) CERC

(b) SEBI

(d) TRAN

(e) None of the given options is true

Q10. Bank Holidays are covered by which of the following?

(a) As per the order of the GOI

(b) As per the order of the IBA

(d) RBI Act

(e) Banking Regulation Act 1949

Q11. Who among the following regulates the Indian Corporate Debt Market?

(a) RBI

(b) NABARD

(d) SEBI

(e) PFRDA

Q12. _______ is an integrated bill payment system which will offer inter operable bill payment service to customers online as well as through a network of agents on the ground.

(a) BBPS

(b) IMPS

(d) APBS

(e) None of the given options is true

Q13. To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval/authorization to Reserve Bank of India under ________

(a) Payment and Settlement Systems (PSS) Act 2007

(b) Foreign Exchange Management Act, 1999

(d) SARFAESI Act, 2002

(e) None of the given options is true

Q14. Which of the following will function as the Bharat Bill Payment Central Unit (BBPCU), the single authorized entity operating the BBPS?

(a) RBI

(b) NPCI

(d) SEBI

(e) NABARD

Q15. As per the Reserve Bank of India, BBPS will initially accept utility bill payments such as-

(a) Telephone Bill

(b) Electricity Bill