Banking Awareness Questions for IBPS RRBs PO and Clerk 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. Who has been appointed as the Managing Director and Chief Executive Officer of IDFC Bank with effect from July 16th 2017 for three years?

(a) Sunil Mehta

(b) Melwyn Rego 

(c) Rajkiran Rai G 

(d) Sunil Kakar

(e) Vikram Limaye

Q2. As per the amendment, the pecuniary jurisdiction of the Banking Ombudsman to pass an award has been doubled to _____ rupees. 

(a) 20 lakh rupees

(b) 10 lakh rupees

(c) 25 lakh rupees

(d) 50 lakh rupees

(e) 5 lakh rupees

Q3. Capital markets regulator SEBI has relaxed takeover norms for the acquisition of stressed assets of listed companies to help the government and the RBI in their efforts to tackle bad loans. What is the meaning of “B” in SEBI?

(a) Base

(b) Business

(c) Broker

(d) Bank

(e) Board

Q4. Asian Infrastructure Investment Bank (AIIB) has approved USD 150 million equity investment loan to the India Infrastructure Fund. It is the bank’s first such loan to fund private projects. AIIB based in-?

(a) France

(b) Australia

(c) China

(d) Germany

(e) USA

Q5. World Bank’s Board of Executive Directors has approved a loan assistance of __________ million dollars for the Assam State Public Finance Institutional Reforms (ASPIRe) Project.

(a) 103 million dollars 

(b) 44 million dollars

(c) 502 million dollars 

(d) 328 million dollars 

(e) 1005 million dollars

Q6. The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on-

(a) 05th October 1956

(b) 05th July 1859

(c) 07th August 1884

(d) 02st April 1921

(e) 02nd June 1806

Q7. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January-

(a) 1961

(b) 1956

(c) 1949

(d) 1921

(e) 1934

Q8. With the merger in April 2017, State Bank of India has entered the league of ‘Top 50 Global Banks’ with a balance sheet size of-

(a) Rs. 54 trillion

(b) Rs. 32 trillion

(c) Rs. 41 trillion

(d) Rs. 67 trillion

(e) Rs. 52 trillion

Q9. SBI was earlier placed at 54th rank globally but after the merging it moved to _______ position making it in the top 50 leading banks globally.

(a) 42nd

(b) 44th

(c) 47th

(d) 51st

(e) 40th

Q10. What is the tagline of State Bank of India (SBI) after the merger?

(a) Banker to every Indian

(b) The Name you can Bank Upon

(c) A Faithful & Friendly Financial Partner

(d) Experience Next Generation Banking

(e) A Tradition of Trust

Q11. The Head Quarters of SWIFT is located in-

(a) Bern, Switzerland

(b) La Hulpe, Belgium

(c) Geneva, Switzerland

(d) New York, USA

(e) Vienna Austria

Q12. What is the initial capital amount to start Small Finance Banks?

(a) 100 crore

(b) 200 crore

(c) 500 crore

(d) 1000 crore

(e) 5000 crore 

Q13. The promoters of Small Finance Banks should have _______ experience in banking and finance?

(a) 08 years

(b) 11 years

(c) 07 years

(d) 10 years

(e) 15 years

Q14. Which of the following is the first Regional Rural Bank of India?

(a) AP Grameena vikas Bank

(b) Chaitanya Godavari

(c) Andhra Pragathi

(d) Prathama Bank

(e) Baroda UP Gramin Bank

Q15. India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with _______ equity.

(a) 100% GOI equity

(b) 50% GOI and 50% RBI

(c) 50% GOI, 25% RBI, 25% Sponsor Bank

(d) 50% Sponsor Bank and 50% RBI

(e) 50% GOI, 35% RBI, 15% Sponsor Bank