Banking Awareness Questions for IBPS RRBs 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 RRBs PO and Clerk Mains. These Banking questions will also help you in preparing for other upcoming banking recruitment examination.

Q1. The Reserve Bank of India has allowed systematically important non-banking finance companies (NBFCs) to sell and market the NPS. NPS stands for-

(a) New Product Scheme

(b) Nominal Pension Scheme

(c) New Pension Service

(d) New Pension Scheme

(e) National Pension Scheme

Q2. Private life insurance Company Canara HSBC Oriental Bank of Commerce Life Insurance has entered into an alliance with the Kerala based _________ for marketing various life insurance products.

(a) Dhanlaxmi Bank

(b) Kotak Mahindra Bank

(c) South Indian Bank

(d) Vijaya Bank

(e) None of the given options is true

Q3. GMR Goa International Airports Ltd, a subsidiary of GMR Airports Ltd, has executed a debt facility agreement for the development of Greenfield airport at Mopa. The entire debt of Rs. 1,330 crore was underwritten by-

(a) Bank of Baroda

(b) SBI

(c) HDFC Bank

(d) ICICI Bank

(e) Axis Bank

Q4. Nepal SBI Bank Ltd. (NSBL) a subsidiary of the State Bank of India has launched its fully automatic digital banking services in the Nepalese capital Kathmandu recently. NSBL was established in- 

(a) 1985

(b) 1993

(c) 1989

(d) 1999

(e) 1982

Q5. Which organisation has amended its earlier order asking banks to initiate bankruptcy proceedings against 12 companies which have outstanding loans amounting to over Rs 5,000 crore as on March 2016?

(a) SEBI

(b) NABARD

(c) RBI

(d) SIDBI

(e) IBA

Q6. Where is the Head Office of Dhanlaxmi Bank?

(a) Thrissur

(b) Kozhikode

(c) Kochi

(d) Kottayam

(e) Thiruvananthapuram

Q7. NBFC is a company registered under the Companies Act, 1956 of India. What is the meaning of “N” in NBFC?

(a) New

(b) Non

(c) National

(d) Next

(e) Nominal

Q8. Who is the Managing Director and CEO of YES Bank?

(a) Aditya Sharma

(b) Uday Kotak

(c) Rana Kapoor

(d) Shikha Sharma

(e) None of the given options is true

Q9. Country’s largest bank SBI has waived charges for fund transfer of up to Rs 1,000 through its IMPS to promote small transactions. IMPS stands for-

(a) Indian Payment Service

(b) International Payment Service

(c) Immediate Payment System

(d) Immediate Payment Service

(e) Immediate Product Service

Q10. __________ is a single tax on the supply of goods and services, right from the manufacturer to the consumer.

(a) Excise Duty

(b) Sale Tax

(c) Direct Tax

(d) VAT Tax

(e) GST

Q11. Name the Private sector Bank, which has received $150 million funding from the US government and Wells Fargo to increase lending to support women entrepreneurs and small and medium-sized enterprises in India.

(a) Axis Bank

(b) ICICI Bank

(c) Yes Bank

(d) Kotak Mahindra Bank

(e) South Indian Bank

Q12. What is the minimum amount to be remitted through RTGS-

(a) Rs.2 lakh 

(b) Rs.10 lakh 

(c) Rs.1 lakh 

(d) Rs.5 lakh 

(e) Rs.20 lakh 

Q13. Which Bank has tied up with PFG Forex for remittance facility for the benefit of Indian expatriates from Australia. The new facility will leverage the bank to reach the Indian diaspora?

(a) Axis Bank

(b) ICICI Bank

(c) Bank of Baroda

(d) State Bank of India

(e) South Indian Bank

Q14. FINO Payments Bank has commenced operations as a payments bank with effect from 30th June 2017 according to the Reserve Bank of India. Where is the head office of FINO Payments Bank?

(a) Chennai

(b) Jaipur

(c) Bengaluru

(d) Mumbai

(e) Chennai

Q15. The Financial Stability Board (FSB) is an international body for the global financial system, has placed India in the league of countries that are ‘compliant or largely compliant’ on the implementation of priority area reforms. In which among the following year FSB was established?

(a) 2001

(b) 2009

(c) 2003

(d) 2015

(e) 1997