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

Dear Readers,

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. Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of Rs 9,000 crore ($1.4 billion) in mobile payments provider Paytm. Softbank is based in-
(a) Austria
(b) Japan
(c) Hong Kong
(d) China
(e) Russia

Q2. Which among the following banks has entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products of LIC?
(a) Kotak Mahindra Bank
(b) Axis Bank
(c) ICICI Bank
(d) State Bank of India
(e) Karnataka Bank

Q3. HDFC Life has announced the launch of an artificial intelligence-based application 'SPOK' that can automatically read, understand, categorise, prioritise and respond to customer emails sent to the private insurer. Where is the corporate office of HDFC life?
(a) Nainital
(b) Jaipur
(c) Mumbai
(d) New Delhi
(e) Ahmedabad

Q4. Which bank has launched a new trading platform called “Selfie” for customers in association with Geojit?
(a) Federal Bank
(b) IDFC Bank
(c) Kotak Mahindra Bank
(d) HDFC Bank
(e) ICICI Bank

Q5. _____________ and IFFCO rolled out their first set of co-branded debit cards for farmers as part of a novel initiative to push digitalisation and cashless economy.
(b) SBI
(c) PNB
(d) BOB

Q6. The Employees Provident Fund Organisation (EPFO) has approved hike in investment limit in ETFs to 15% from the existing 10%. What is the meaning of "T" in ETFs?
(a) Traded
(b) Transit
(c) Truncated
(d) Transfer
(e) Total

Q7. India has signed a loan agreement of 36 million dollars with the World Bank for Himachal Pradesh Public Financial Management Capacity Building Programme. Who is present President of World Bank?
(a) Tedros Adhanom Ghebreyesus
(b) Jim Yong Kim
(c) Takehiko Nakao
(d) Christine Lagarde
(e) Jin Liqun

Q8. Which Bank has entered into a distribution agreement to sell the mutual fund products of HDFC Capital Asset Management Ltd (HDFCAML) during exchanged the memorandum of understanding in Mangaluru, Karnataka?
(a) State Bank of India
(b) Karur Vysya Bank
(c) Karnataka Bank
(d) Kotak Mahindra Bank
(e) ICICI Bank

Q9. The Reserve Bank of India will soon put into circulation currency notes in ____________ denomination.
(a) three rupee
(b) four rupee
(c) two rupee
(d) one rupee
(e) ten rupee

Q10. __________ and the World Bank has announced that they had financed 100 MW of rooftop solar projects worth Rs400 crore in India.
(a) RBI
(b) BOB
(d) PNB
(e) SBI

Q11. India's Gross Domestic Product (GDP) grew ___________ year-on-year during the January-March, 2017 period according to government data. 
(a) 6.7 per cent
(b) 6.5 per cent
(c) 6.3 per cent
(d) 6.9 per cent
(e) 6.1 per cent

Q12. The GST Council has cleared the pending rules, including transition provisions and returns, with all the States agreeing to the July 01st 2017 rollout of the tax. What is the meaning of "S" in GST?
(a) Solutions
(b) Semester
(c) System
(d) Services
(e) Sending

Q13. The Reserve Bank of India has initiated PCA for Dena Bank in view of high net non-performing assets and negative return on assets. PCA stands for- 
(a) Prompt Collection Action
(b) Prompt Corrective Agency
(c) Prompt Corrective Action
(d) Prompt Corrective Association
(e) Permanent Corrective Action

Q14. Which among the following Banks is going to develop as many as 100 digital villages in various States of the country as part of its initiative to promote digital banking among the rural population?
(a) UCO Bank
(b) Vijaya Bank
(c) Corporation Bank
(d) Bank of India
(e) Central Bank of India

Q15. Leading bourse National Stock Exchange (NSE) has launched its international exchange in the Gujarat International Finance Tec-City (GIFT City). Where is the corporate office of NSE? 
(a) Mumbai
(b) New Delhi
(c) Bengaluru
(d) Hyderabad
(e) Nagpur


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