Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017

Dear Readers,

Banking Awareness 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. Standard & Poor's (S&P) Global Ratings and its predecessor organizations have been in business for more than 150 years. (S&P) based in-
(a) New York, USA
(b) London, UK
(c) Paris, France
(d) Vienna, Austria
(e) Geneva, Switzerland

Q2. Which is a full service credit rating agency exclusively set up for micro, small and medium enterprises?
(b) ICRA
(c) CARE

Q3. Which of the following is an independent banking industry watchdog that protects consumers of banking services in the country?
(a) BBB
(b) IBA
(d) IBRD
(e) RBI

Q4. The Banking Codes and Standards Board of India (BCSBI) was registered as a society under the _____________ in February 2006.
(a) Companies Act, 1956
(b) Societies Registration Act, 1860
(c) Banking Regulation Act, 1949
(d) Reserve Bank of India Act, 1934
(e) None of the given options is true

Q5. Where is the head office of SMERA?
(a) Chennai
(b) Gurugram
(c) New Delhi
(d) Mumbai
(e) Bengaluru

Q6. 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

Q7. 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

Q8. 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

Q9. 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

Q10. 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

Q11. NPA is a loan or an advance where interest and/or installment of principal remain overdue for a period of more than ______ days in respect of a term loan.
(a) 100 days
(b) 30 days
(c) 90 days
(d) 60 days
(e) 120 days

Q12. NPA is a loan or an advance where?
(a) the instalment of principal or interest there on remains overdue for one crop season for long duration crops.
(b) the account remains ‘out of order’ in respect of an Overdraft/Cash Credit (OD/CC).
(c) the instalment of principal or interest there on remains overdue for two crop seasons for short duration crops.
(d) All of the above
(e) None of the above

Q13. The purpose of MUDRA is to provide funding to the non-corporate small business sector through various Last Mile Financial Institutions like-
(a) Banks
(b) NBFCs
(c) MFIs
(d) All of the above
(e) None of the above

Q14. MUDRA Bank, a Non Banking Finance Company as MUDRA Ltd has been set up as a subsidiary of............?
(b) IDBI
(c) RBI
(e) SBI

Q15. In which among the following year Asia's first Export Processing Zone (EPZ) was set up?
(a) 1959
(b) 1971
(c) 1965
(d) 1956
(e) 1975

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