Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017

Q2. Which among the following banks has entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products of LIC?
(a) Kotak Mahindra Bank
(b) Axis Bank
(c) ICICI Bank
(d) State Bank of India
(e) Karnataka Bank

Q3. HDFC Life has announced the launch of an artificial intelligence-based application ‘SPOK’ that can automatically read, understand, categorise, prioritise and respond to customer emails sent to the private insurer. Where is the corporate office of HDFC life?
(a) Nainital
(b) Jaipur
(c) Mumbai
(d) New Delhi
(e) Ahmedabad

Q4. Which bank has launched a new trading platform called “Selfie” for customers in association with Geojit?
(a) Federal Bank
(b) IDFC Bank
(c) Kotak Mahindra Bank
(d) HDFC Bank
(e) ICICI Bank

Q5. _____________ and IFFCO rolled out their first set of co-branded debit cards for farmers as part of a novel initiative to push digitalisation and cashless economy.
(a) SIDBI
(b) SBI
(c) PNB
(d) BOB
(e) NABARD

Q6. How many remittances can be received by a single individual beneficiary under the scheme (MTSS) during a year?
(a) 40
(b) 45
(c) 55
(d) 35
(e) 30

Q7. ________ has come into being with a vision to make early home ownership a real possibility through the provision of Mortgage Guarantee.
(a) SIDBI
(b) ECGC
(c) IMGC
(d) NHB
(e) NABARD

Q8. The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is-?
(a) National Payments Corporation of India (NPCI)
(b) Central Bureau of Investigation (CBI)
(c) Financial Intelligence Unit (FIU)
(d) Intelligence Bureau (IB)
(e) Central Intelligence Unit (CIU)

Q9. Currency Swap is an instrument to manage _______
(a) currency risk
(b) cash flows in different currency
(c) currency and interest rate risk
(d) interest rate risk
(e) All of the above

Q10. Which of the following agencies in India is responsible for computation of national income?
(a) NCAER
(b) CSO
(c) NSS
(d) RBI
(e) None of the given options is true

Q11. According to the Income Tax act of 1961, the age of Super senior Citizens should be-
(a) 60 years
(b) 70 years
(c) 80 years
(d) 75 years
(e) 65 years

Q12. Part of company’s earning or profit which is paid out to share holders is known as _______
(a) Premium
(b) Dividend
(c) Bonus
(d) Sum Assured
(e) Return

Q13. Which of the following economic concepts is categorised on the basis of Current Account or Capital Account or both?
(a) Balance of Payments
(b) Value of the food grain stock of a country
(c) Gross National Product
(d) Gross National Income(GNI)
(e) Total collection of Direct Taxes in a year

Q14. When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called-
(a) Revenue Deficit
(b) Budgetary Deficit
(c) Zero Budgeting
(d) Trade Gap
(e) Balance of Payment Problem

Q15. Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth.
(a) Five years
(b) Four years
(c) Six years
(d) Eight years
(e) Ten years