Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017

Banking Quiz 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. NABARD was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on-

(a) 12th July 1982

(b) 01st January 1949

(c) 19th July 1980

(d) 15th April 1969

(e) 05th November 1982

Q2. The mission of NABARD is Promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institution development and other innovative initiatives. What is meaning of “R” IN NABARD?

(a) Regional

(b) Rural

(c) Reconstruction

(d) Revised

(e) Remittance

Q3. SAT is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India (SEBI) Act, 1992. SAT stands for-

(a) Securities Appellate Tribunal

(b) Securities Appellate Treaty

(c) Securities Association Tribunal

(d) Saving  Appellate Tribunal

(e) None of the given options is true

Q4. The Securities and Exchange Board of India (SEBI) was established on- 

(a) 12th April 1999

(b) 12th April 1992

(c) 12th April 1949

(d) 12th April 1990

(e) 12th April 1995

Q5. NABARD was set up with an initial capital of-

(a) Rs 200 crore 

(b) Rs 1500 crore

(c) Rs 500 crore  

(d) Rs 100 crore

(e) Rs 1000 crore 

Q6. Who is the first Governor of RBI? 

(a) C.D.Deshmukh

(b) James Braid Taylor 

(c) Osborne Smith 

(d) Raghuram Rajan

(e) None of the given options is true

Q7. Scheduled Banks of India are those banks, which are? 

(a) Included in First Schedule of RBI Act, 1934 

(b) Not included in First Schedule of RBI Act, 1934 

(c) Included in Second Schedule of RBI Act, 1934 

(d) Not included in Second Schedule of RBI Act, 1934 

(e) None of the given options is true

Q8. Which of the following banks is not merged with SBI in April 2017? 

(a) State Bank of Bikaner & Jaipur 

(b) State Bank of Travancore 

(c) State Bank of Mysore 

(d) Axis Bank

(e) None of the given options is true

Q9. Which of the following bank is not a private sector bank in India? 

(a) Federal Bank 

(b) Yes Bank 

(c) IndusInd Bank 

(d) UCO Bank

(e) None of the given options is true

Q10. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)? 

(a) ING Vysya Bank 

(b) Karur Vysya Bank 

(c) Lakshmi Vilas Bank 

(d) Jammu and Kashmir Bank

(e) None of the given options is true

Q11. FICCI history is closely interwoven with India’s struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies. What is meaning of “F” in FICCI?

(a) Follower

(b) Federal

(c) Financial

(d) Federation

(e) None of the given options is true

Q12. Who were the first Chairman and Managing Director (CMD) of Exim Bank?

(a) Ravneet Kaur

(b) TCA Ranganathan

(c) RC Shah

(d) Kalyan Banerji

(e) Yaduvendra Mathur

Q13. ECGC Ltd. wholly owned by Government of India, was set up in ______________ with the objective of promoting exports from the country by providing Credit Risk Insurance and related services for exports.

(a) 1935

(b) 1982

(c) 1964

(d) 1949

(e) 1957

Q14. ECGC is essentially an export promotion organization, seeking to improve the competitiveness of the Indian exporters by providing them with credit insurance covers. What is meaning of “G” in ECGC?

(a) Guarantee 

(b) General 

(c) Government

(d) Grameen

(e) None of the given options is true

Q15. AIIB is a new multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia. AIIB stands for-

(a) Asian Infrastructure Investment Bureau

(b) Asian Infrastructure Investment Bank 

(c) Association Infrastructure Investment Bank 

(d) Asian International Investment Bank 

(e) None of the given options is true

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