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

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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. At present many public sector banks and one private sector bank are authorized to handle the Senior Citizens Savings Scheme (SCSS), 2004. Name the private sector bank, which is authorized to handle the Senior Citizens Savings Scheme (SCSS), 2004?

(a) ICICI Bank

(b) HDFC Bank

(d) Yes Bank

(e) Kotak Mahindra Bank

Q2. The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises. As under a micro enterprise is an enterprise where investment in plant and machinery does not exceed …………..?

(a) Rs. 100 lakh

(b) Rs. 15 lakh

(d) Rs. 50 lakh

(e) None of the given options is true

Q3. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. In which year Commercial Paper was introduced in India?

(a) 1975

(b) 1990

(d) 1955

(e) 1980

Q4. Which Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section?

(a) IDBI

(b) SBI

(d) NABARD

(e) RBI

Q5. Who are eligible to issue Commercial Paper (CP)?

(a) Corporates

(b) Primary dealers (PDs)

(d) All of the above

(e) None of the given options is true

Q6. NPCI is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA). What does NPCI stand for-

(a) National Payments Corporation of Industry

(b) National Payments Council of India

(d) National Payments Corporation of India

(e) National Product Corporation of India

Q7. In which among the following years NPCI was incorporated-

(a) December 2008

(b) January 2006

(d) July 2012

(e) None of the given options is true

Q8. The Bank for International Settlements (BIS) is the world’s oldest international financial organisation. BIS was established on-

(a) 26th May 1961

(b) 01st October 1949

(d) 21st August 1945

(e) 17th May 1930

Q9. Where is the head office of Bank for International Settlements (BIS)?

(a) Zurich, Switzerland

(b) New York, USA

(d) Berlin, Germany

(e) Geneva, Switzerland

Q10. Under which act NPCI was incorporated as a Section 8?

(a) Banking Regulation Act, 1949

(b) Companies Act 2013

(d) Societies Registration Act, 1860

(e) None of the given options is true

Q11. The World Bank Group consists of how many organisations-

(a) One

(b) Two

(d) Four

(e) Five

Q12. The World Bank is like a cooperative, made up of ————— member countries. These member countries, or shareholders, are represented by a Board of Governors, who is the ultimate policymakers at the World Bank.

(a) 189

(b) 193

(d) 173

(e) 187

Q13. Name the agency, which is an agency to provide ‘soft-loans’ to developing countries?

(a) Asian Infrastructure Investment Bank (AIIB)

(b) Organization of the Petroleum Exporting Countries (OPEC)

(d) World Trade Organization (WTO)

(e) International Development Association (IDA)

Q14. On July 15, 2014, at the sixth summit in Fortaleza, Brazil the member countries signed the Articles for the New Development Bank (NDB). What is the authorised capital of NDB?

(a) USD 200 billion

(b) USD 300 billion

(d) USD 100 billion

(e) None of the above

Q15. The first Board of Governors meeting of the BRICS New Development Bank was held in ____________ on July 7, 2015, where the Bank formally came into existence as a legal entity.

(a) Brazil

(b) Russia

(d) India

(e) China

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

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