Banking Awareness Questions for IBPS PO and Clerk Mains 2017 |

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Banking Awareness for IBPS Exam 2017

Just a few days are left for IBPS PO Mains. It is time to pace up your preparation of Banking Awareness for IBPS PO and Clerk Mains. These questions related to Banking Awareness will also help you in preparing for other upcoming banking recruitment examination.

Q1. An account for which a bank acts as an uninterested third party is termed as?

(a) Savings Account

(b) Current Account

(d) Escrow Account

(e) Fixed Account

Q2. A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as ________

(a) Power of Attorney

(b) Promissory Note

(d) Plastic Notes

(e) None of the given options is true

Q3. Which of the following is defined as the difference between current assets and current liabilities?

(a) Venture Capital

(b) Working Capital

(d) Loss Assets

(e) Profit and Loss Account

Q4. A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as __________

(a) external debt

(b) good debt

(d) internal debt

(e) None of the given options is true

Q5. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points. What is basis point?

(a) Ten percent of one-hundredth point

(b) One-hundredth of 1%

(d) Ten percent of 1000

(e) None of the given options is true

Q6. Which of the following Act provides provisions for the regulation of credit information companies?

(a) Companies Act, 1956

(b) Credit Information (Companies Regulation Act, 2005)

(d) Banking Regulation Act, 1949

(e) None of the given options is true

Q7. Which bank has launched India’s first golf-centric credit card?

(a) SBI

(b) UBI

(d) PNB

(d) RBL

(e) ICICI

Q8. Which bank has launched India’s first contactless mobile payment solution-?

(a) ICICI

(b) Kotak Mahindra Bank

(d) South Indian Bank

(e) Axis Bank

Q9. IBA was set up in ________ with 22 members to discuss issues of common interests.

(a) 1946

(b) 1955

(d) 1921

(e) 1961

Q10. Which among the following bank is the first bank to launch the Mudra Card based on the RuPay platform?

(a) SBI

(b) Corporation Bank

(d) PNB

(e) HDFC Bank

Q11. A centralised database with online connectivity to branches and Internet as well as ATM Network which has been adopted by almost all major banks of our country is known as_________

(a) Investment Banking

(b) Mobile Banking

(d) Core Banking Solution

(e) None of the given options is true

Q12. Which of the following is the purpose of introducing “Know Your Customer” norms by the banks?

(a) Identifying people who do not pay Income Tax

(b) To bring more and more people under the banking net

(d) All of the Above

(e) None of the given options is true

Q13. Security Printing and Minting Corporation of India (SPMCIL) Limited was incorporated under the Companies Act, 1956 with its corporate office at-

(a) Mumbai

(b) Kolkata

(d) New Delhi

(e) Nasik

Q14. Security Paper Mill (SPM) was formally inaugurated and dedicated to the nation on the 9th March, __________ by the then Deputy Prime Minister, Shri Morarji Desai.

(a) 1956

(b) 1968

(d) 1962

(e) 1971

Q15. What is Gross Domestic Product (GDP)?

(a) It is the market value of all final goods and services made in the country

(b) It is the Cost production of all final goods and services made in the country

(d) It is the market value of all final goods and services made within the borders of a country in a year

(e) None of the given options is true

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