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Banking Awareness Questions for RBI Grade-B Phase-1 Exam

Dear Readers,

Banking-Awareness-Questions-for RBI-Grade-B-Phase-1-Exam

Just a few days are left for RBI Grade-B Phase-1 Exam. It is time to pace up your preparation of Banking Awareness for RBI Grade-B Officers. These Banking questions will also help you in preparing for other upcoming banking recruitment examination.

Q1. e-KYC is possible only for those who have _______
(a) PAN Card
(b) Driving License
(c) Ration Card
(d) Aadhaar Number
(e) None of the given options is true

Q2. ____________ is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routeing & merchant payments into one hood.
(a) NEFT
(b) RTGS
(c) NPCI
(d) BHIM
(e) UPI
Q3. Banks can not generally accept interest-free deposits. Which of the following is an exception to this rule?
(a) Current Account
(b) Savings Account of Minors
(b) Deposit from Minority groups
(c) BSBDA
(e) None of the given options is true
Q4. Deposits under Foreign Currency Non-Resident (FCNR) scheme can be accepted for a minimum of-
(a) Six months
(b) Three months
(c) One year
(d) 15 days
(e) Five Years
Q5. What is the meaning of a bond issued by an Indian company expressed in foreign currency, and the principal and interest in respect of which is payable in foreign currency? 
(a) ECB
(b) FCCBs
(c) Automatic Route
(d) FCNR
(e) None of the given options is true
Q6. Deposits under Foreign Currency Non-Resident (FCNR) scheme can be accepted for a maximum of-
(a) one year
(b) three year
(c) five year
(d) seven year
(e) nine year 
Q7. What is the full form of FCCB?
(a) Foreign Currency Convertible Bond
(b) Foreign Currency Credit Bond
(c) Financial Consortium and Credit Bureau
(d) Future Credit and Currency Bureau
(e) None of the given options is true

Q8. Which of the following institutions is responsible for the supervision of RRBs?
(a) RBI
(b) SEBI
(c) NABARD
(d) GOI
(e) Both (a) and (c)
Q9. By which rate is the domestic current rate of currency converted into foreign currency?
(a) Bank Rate
(b) CRR
(c) Stock Exchange Rate
(d) Repo Rate
(e) Exchange Rate
Q10. Which of the following works is/are done by Credit Information Companies?
(a) Collecting records of an individual’s payments pertaining to loans
(b) Maintaining records of an individual’s payments pertaining to credit cards
(c) Creating Credit Information Reports
(d) All of the Above
(e) None of the given options is true
Q11. On 07th October 2015, Ujjivan Financial Services Private Ltd has received an in-principle approval from the RBI to set up a small finance bank. Where is headquarter of Ujjivan Financial Services Private Ltd small finance bank?
(a) Kochin
(b) Jaipur
(c) Mumbai
(d) Chennai
(e) Bengaluru
Q12. Name the India’s first credit rating agency, is incorporated, promoted by the erstwhile ICICI Ltd, along with UTI and other financial institutions.
(a) CRISIL
(b) CIBIL
(c) ICRA
(d) All of the above
(e) None of the given options is true
Q13. ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in _________ by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional Investment Information and Credit Rating Agency.
(a) 2004
(b) 1999
(c) 1995
(d) 1987
(e) 1991
Q14. The largest shareholder of a Public Sector Banks (PSBs) is?
(a) RBI
(b) Government of India
(c) NABARD
(d) All of the Above
(e) Finance Ministry
Q15. The Foreign Exchange of India is kept with-
(a) SBI
(b) ECGC
(c) RBI
(d) NABARD
(e) None of the given options is true

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