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. Which of the following types of cards is free from credit risk?

(a) Credit card

(b) Debit Card

(d) All of the above

(e) Both (c) and (d)

Q2. A type of economy that still uses various means of social support, is called-

(a) Capitalist Economy

(b) Mixed Economy

(d) Traditional Economy

(e) None of the given options is true

Q3. In the field of banking, what does ADF stand for?

(a) Additional Dearness Allowance

(b) Automated Data Flow

(d) Automated Deposit Allowance

(e) None of the given options is true

Q4. What is the duration of Public Provident Fund (PPF) account?

(a) 3 years

(b) 5 years

(d) 15 years

(e) 18 years

Q5. Under which Act are the KYC norms implemented-

(a) SEBI Act, 1992

(b) Foreign Contribution and Regulation Act, 1976

(d) Banking Regulation Act, 1949

(e) None of the given options is true

Q6. SEPA Stands for-

(a) Scottish Environment Protection Agency

(b) Single Euro Payments Area

(d) Single Euro Payments Agency

(e) None of the given options is true

Q7. The Definition of ‘Banking’ is given in-

(a) Negotiable Instrument Act, 1881

(b) RBI Act, 1934

(d) Indian Contract Act, 1872

(e) None of the given options is true

Q8. Which of the following is governed by the provisions of Section 42 (1) of the Reserve Bank of India Act, 1934?

(a) Bank rate

(b) Reverse Repo Rate

(d) CRR

(e) MSF

Q9. Spurious coins detected at the counter are sent to-

(a) RBI

(b) GOI

(d) Mint

(e) Finance Ministry

Q10. National Sample Survey Organisation (NSSO) is an organization under the-

(a) Ministry of Finance

(b) Ministry of Rural Development

(d) Ministry of Electronics and Information Technology

(e) Ministry of Statistics and Programme Implementation

Q11. The Reserve Bank of India (RBI) has granted “in-principle” approval to the ________ applicants to set up small finance banks under the “Guidelines for Licensing of Small Finance Banks?

(a) 11

(b) 12

(d) 10

(e) 15

Q12. The minimum paid-up equity capital for small finance banks shall be———-

(a) Rs. 100 crore

(b) Rs. 200 crore

(d) Rs. 400 crore

(e) Rs. 500 crore

Q13. Reserve Bank of India has granted the in-principle licence for small finance banks. The in-principle approval granted by RBI will be valid for a period of ________ months.

(a) 24 months

(b) 10 months

(d) 50 months

(e) 12 months

Q14. Where is the headquarter of AU Small Finance Bank?

(a) Jalandhar, Punjab

(b) Ahmedabad, Gujarat

(d) Bengaluru, Karnataka

(e) Jaipur, Rajasthan

Q15. RBI was granted a licence to small Finance Banks for the commencement of banking business under Section ______ of the Banking Regulation Act, 1949.

(a) Section 38(3)

(b) Section 22(1)

(d) Section 12(2)

(e) Section 27(5)

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

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