Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017

Q1. __________ an asset, including a leased asset, becomes non­ performing when it ceases to generate income for the bank.

(a) NPA

(b) KCC

(c) NPV

(d) GDP

(e) GNP

Q2. NPA stands for- 

(a) National ­performing Assets 

(b) New ­performing Assets 

(c) Non ­production Assets 

(d) Non ­performing Assembly

(e) Non ­performing Assets

Q3. MUDRA is a financial institution has been set up by Government of India for development and refinancing micro units’ enterprises. What is the meaning of “A” in MUDRA?

(a) Agency

(b) Association

(c) Assembly

(d) Agent

(e) Alert

Q4. MUDRA stands for- 

(a) Micro Units Development & Refinance Agent

(b) Medium Units Development & Refinance Association

(c) Micro Units Department & Refinance Agency 

(d) Micro Units Development & Refinance Agency

(e) Micro Unique Development & Refinance Assembly

Q5. India was one of the first in Asia to recognize the effectiveness of the EPZ model in promoting exports. EPZ stands for-

(a) Export Point Zone

(b) External Processing Zone

(c) Export Production Zone

(d) Export Processing Zone

(e) Export Processing Zonal

Q6. The New Development Bank (NDB) aims to mobilize resources for development projects in BRICS, emerging economies and developing countries. Where is the headquartered of NDB?

(a) Durban, South Africa

(b) Brasilia, Brazil 

(c) Moscow, Russia

(d) Shanghai, China

(e) New Delhi, India

Q7. With an initial funding of $912.7 million, International Development Association (IDA) was launched on-

(a) 24th September 1960

(b) 17th December 1920

(c) 22nd November 1959

(d) 23rd May 1919

(e) 15th October 1945

Q8. NIBM was established in ____________________ by the Reserve Bank of India, in consultation with the Government of India, as an autonomous apex institution for research, training, education and consultancy in bank management.

(a) 1982

(b) 1949

(c) 1921

(d) 1934

(e) 1969

Q9. NIBM is part of the grand vision of giving a new direction to the banking industry in India and making the industry a more cost-effective instrument for national development. NIBM stands for-

(a) Non-Organisation Institute of Bank Management

(b) National Institute of Bureau Management 

(c) National Investment of Bank Management

(d) National Institute of Bank Management

(e) None of the given options is true

Q10. NIBM, an autonomous academic institution, is governed by a Board, its highest policy-making body. Where is the headquartered of NIBM?

(a) Nashik, Maharashtra

(b) Pune, Maharashtra

(c) Mumbai, Maharashtra

(d) Kolhapur, Maharashtra

(e) Nagpur, Maharashtra

Q11. MUDRA gives loan in how many categories?

(a) Two

(b) One

(c) Three

(d) Four

(e) Six

Q12. Which among the following is not a loan category of MUDRA bank?

(a) Shishu

(b) Arun

(c) Kishor

(d) Tarun

(e) None of the given options is true

Q13. SEZs Policy was announced in _________ with the objective of making the SEZs an engine for economic growth, supported by quality infrastructure and an attractive fiscal package both at the Central and State level with a single window clearance.

(a) December 1999

(b) October 2010

(c) January 2005

(d) July 1991

(e) April 2000

Q14. The main objectives of the SEZ act are-

(a) Generation of additional economic activity 

(b) Promotion of exports of goods and services

(c) Promotion of investment from domestic and foreign sources 

(d) Creation of employment opportunities

(e) All of the above

Q15. With effect from 31 March 2005, a ______________ would be one, which has remained NPA for a period less than or equal to 12 months. 

(a) Sub­standard Assets

(b) Profit Assets

(c) Doubtful Assets

(d) Loss Assets

(e) None of the given options is true

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