Banking Awareness for IBPS RRBs PO 2016


Q1. In case of original demand draft is presented after the duplicate has already been paid, the bank will _______?
(a) Pay the original demand draft  
(b) Pay the original demand draft as well and recover the amount from the purchaser on the strength of the indemnity bond
(c) Return with remarks “Draft reported lost, duplicate already paid will pay on collecting bank’s guarantee. In case the original draft is again presented, it should be honoured.” 
(d) Return with the remarks payment stopped by the payee 
(e) None of the above

Q2. The Central Bank in India is ______?
(a) The Reserve Bank of India
(b) The State Bank of India
(c) The Andhra Bank
(d) Central Bank of India
(e) None of the above

Q3. Stock exchange securities do not include?
(a) Debentures certificates  
(b) Small debentures issued by port trusts
(c) Government promissory notes
(d) Reverse Repo Rate
(e) None of the above

Q4. The Definition of ‘Banking’ is given in-
(a) Negotiable Instrument Act, 1881 
(b) RBI Act, 1934 
(c) The Banking Regulation Act, 1949
(d) Contract Act 
(e) None of the above

Q5. When was SBI established?
(a) April 1, 1935
(b) July 31, 1969 
(c) May 5, 1955
(d) July 1, 1955
(e) None of the above

Q6. Presently, the number of the public sector banks in India is-
(a) 8
(b) 20
(c) 27
(d) 14
(e) 26

Q7. Which of the following banks are not commercial banks?
(a) Foreign Banks
(b) State Co-operative Banks 
(c) Private Banks
(d) Regional Rural Banks
(e) None of the Above

Q8. Regional rural banks are managed by ______?
(a) The Central Government 
(b) Sponsored Bank
(c) The State Government 
(d) All of the above
(e) None of the above

Q9. Appellate Tribunal for recovery of debts due to banks and financial institutions has set up in _____?
(a) 1990
(b) 1970
(c) 2000
(d) 1994
(e) 2010

Q10. Many a times we read about Special Drawing Rights (SDR) in newspapers. As per its definition, SDR is a monitory unit of reserve asset of which the following organization/agency?
(a) World Bank
(b) International Monetary Fund (IMF)
(c) Asian Development Bank (ADB)
(d) Reserve Bank of India (RBI)
(e) None of the above

Q11. As per recent newspaper reports, RBI is considering the grant of license to some new companies, particularly NBFCs, to act as full-fledged Banks. Which of the following will be considered as NBFC?
(b) Life Insurance Corporation of India
(c) Reliance Capital
(d) SEBI
(e) None of the above

Q12. Presently which Indian bank has the largest number of foreign branches?
(a) SBI
(b) Canara Bank 
(c) Bank of Baroda
(d) Bank of India
(e) None of the above

Q13. Under which of the following methods of note-issue the RBI issues notes?
(a) Fixed Fiduciary System 
(b) Maximum Fiduciary System 
(c) Minimum Reserve System
(d) Proportional Reserve System
(e) None of the Above

Q14. Cash deposit ratio means ______?
(a) The percentage of cash-in-hand-balance with the Central Bank to the aggregate deposits
(b) The percentage of total deposits received by Banks
(c) The percentage of total cash money received as deposits by banks
(d) All of the above
(e) None of the above

Q15. Lead Bank Scheme was introduced in ______?
(a) 1965
(b) 1969
(c) 1981
(d) 1992
(e) None of the above

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