Banking Awareness for IBPS RRB Mains 2016

Q1. The Export-Import Bank of India was set up in ______?
(a) 1969  
(b) 1970  
(c) 1982
(d) 1988  
(e) None of the Above

Q2. Exim Bank also provides ______?
(a) Refinance facilities 
(b) Consultancy and technology services 
(c) Services of finding foreign markets for exporters 
(d) All of the above
(e) None of the Above 

Q3. The Regional Rural Banks were set up in _____?
(a) January 1, 1975
(b) March 11, 1975 
(c) April 1, 1975
(d) October 2, 1975
(e) None of the above

Q4. Regional Rural Banks were set up under _____?
(a) Reserve Bank of India Act 
(b) Regional Rural Banks Act, 1976
(c) NABARD Act 
(d) All of the above 
(e) None of the above

Q5. Regional Rural Banks are classified under _____?
(a) Land Developments Banks 
(b) Co-operative Banks
(c) Commercial Banks
(d) Public Sector Banks
(e) None of the Above

Q6. Which of the following is not a measure to control inflation as adopted by Govt. of India and/or RBI?
(a) Monetary Policy  
(b) Fiscal Policy   
(c) Financial Inclusion
(d) Price control   
(e) Bank Rate Policy 

Q7. Current accounts are meant and useful for _____?
(a) Investment purposes    
(b) Identity purposes  
(c) Savings purposes 
(d) Day-to-day business needs
(e) Operational convenience  

Q8. A _____ card is basically a payment mechanism which allows the holder to make purchase without any immediate cash outflows either physically or through his accounts?
(a) Debit
(b) Smart
(c) Credit
(d) ATM
(e) Kisan Credit 

Q9. What do we mean by “Demat Accounts” in the financial markets in India?
(a) an account which is opened by the people of the lower income group of society   
(b) an account in which trading of shares is done
(c) an account, which can be opened only by the Minors 
(d) an account, of the nature of Current account, which can be opened only by the Corporate Houses 
(e) None of the above

Q10. The ‘monetary base for credit expansion’ consists of _____?
(a) The total value of ‘high-powered money’
(b) The demand and time deposit liabilities 
(c) The size of the deficit in the government’s budget 
(d) All of the above
(e) None of the above

Q11. Industrial co-operatives covered under SSI can raise loan without ceiling. The loan will be refinanced by ____?
(a) IDBI
(b) RBI
(e) None of the above

Q12. Which bank does not belong to State Bank Group?
(a) State Bank of Indore 
(b) Banaras State Bank
(c) State Bank of Bikaner and Jaipur 
(d) State Bank of Patiala 
(e) None of the Above

Q13. CBS stand for?
(a) Centralised banking system 
(b) Computer based Solution 
(c) Core banking Solution
(d) Customised banking Solution 
(e) None of the Above 

Q14. Which of the following would fall under Retail Banking?
(a) Home Loan
(b) Vehicle Loan 
(c) Credit cards
(d) Mutual Funds 
(e) All of the above

Q15. Convertibility of Rupee means _____?
(a) currency of a country can be freely converted into foreign exchange at market determined rate of exchange that is, exchange rate as determined by demand for and supply of a currency.
(b) A limited amount of Rupee can get converted into other approved currencies, without any legal complications or any questions asked about the purpose.
(c) A limited amount of foreign currency can get converted into Indian Rupee and be kept in a foreign currency Bank deposit, without any legal complications or any  questions asked about the purpose. 
(d) All of the Above
(e) None of the Above 

No comments