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. NSDL is the first and largest depository in India, established in-
(a) August 2003
(b) August 1991
(c) August 1989
(d) August 1999
(e) August 1996

Q2. A Public Provident Fund (PPF) account holder can deposit a maximum of-
(a) 1.5 Lakhs
(b) 2.5 Lakhs
(c) 1.0 Lakh
(d) 3.5 Lakhs
(e) 5.0 Lakhs

Q3. Where is the headquarters of Paschim Banga Gramin Bank?
(a) Howrah, West Bengal
(b) Nagpur, Maharashtra
(c) Dumka, Jharkhand
(d) Bolangir, Odisha
(e) Bathinda, Punjab

Q4. National Securities Depository Limited is an Indian central securities depository based in _______
(a) New Delhi
(b) Chennai
(c) Hyderabad
(d) Mumbai
(e) Bengaluru

Q5. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in-
(a) 1999
(b) 1995
(c) 1991
(d) 1987
(e) 1982

Q6. Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992
(a) Constitutional body
(b) Advisory body
(c) non-statutory body
(d) Statutory body
(e) None of the given options is true

Q7. Which of the following is a function of SEBI?
(a) to approve by-laws of stock exchanges.
(b) inspect the books of accounts of financial intermediaries.
(c) to require the stock exchange to amend their by-laws.
(d) compel certain companies to list their shares in one or more stock exchanges.
(e) All of the Above

Q8. Which of the following services is NOT provided by the post offices in India?
(a) Savings Bank Scheme
(b) Retailing of Mutual Funds
(c) Sale of stamp Papers (Judicial)
(d) Life Insurance cover
(e) Issuance of Demand Drafts

Q9. Credit rating is _______
(a) is used to rate the borrowers while giving advances
(b) is used to work out performance of the employees
(c) is used to calculate the number of excellent audit rated branches
(d) is not used in any bank
(e) is necessary before giving promotion to employees

Q10. Currency swap is an instrument to manage _______
(a) Interest Rate Risk
(b) Currency Risk
(c) Cash flows in different countries
(d) All of the Above
(e) None of the given options is true

Q11. “Hawala transactions” in India are prohibited under the provision of which of the following acts?
(a) Banking Regulation Act
(b) Financial Action Task Force Act
(c) Foreign Exchange Management Act
(d) Reserve Bank of India Act 
(e) None of the given options is true

Q12. Which of the following refers to an account that a bank holds in a foreign currency in another bank?
(a) Nostro Account
(b) Vostro Account
(c) LORO Account
(d) Mirror Account
(e) None of the given options is true

Q13. How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual?
(a) One
(b) Two
(c) Three
(d) Four
(e) None of the given options is true

Q14. A fund that tracks an index but can be traded like a stock is known as _______
(a) Exchange Traded Funds (ETF)
(b) Mutual Funds
(c) Energy Funds
(d) Investment Fund
(e) None of the given options is true

Q15. ___________ are financial markets for the buying and selling of long-term debt or equity-backed securities.
(a) Bullion Market
(b) Capital Market
(c) Money Market
(d) Fund Market
(e) None of the given options is true

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