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. A Committee on Banking Supervision which provides a forum for regular cooperation on banking supervisory matters and to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide.
(a) BIS
(c) European Banking Supervisors
(d) All of the above
(e) None of the given options is true

Q2. DIPP is the nodal agency in the field of foreign investments in India. What is the full form of DIPP?
(a) Department of Industry Policy and Promotion
(b) Department of Innovation Policy and Promotion
(c) Department of Industrial Policy and Promotion
(d) Department of Industrial Policy and Partnership
(e) Department of Internet Pulse and Partnership

Q3. The letter ‘R’ denotes which word in the term IFRS?
(a) Restructuring
(b) Reporting
(c) Recognizing
(d) Remote
(e) Recurring

Q4. Which of the following is a bank account opened by NRI to deposit income mainly generated from an Indian source?
(a) NRI
(b) NRP
(c) NRO
(d) FCNR
(e) None of the given options is true

Q5. In it, a worldwide recognised identification code used at the time of international credit transfer between banks and also when there is an exchange of messages between banks.
(a) IFSC Code
(b) SWIFT Code
(c) NEFT Code
(d) BIS Code
(e) FCRA Code

Q6. In which of the following a credit facility is provided by the bank to an entity for a specific purpose, to be repayable after a short duration?
(a) Advances
(b) Loans
(c) Security
(d) Liabilities
(e) Goodwill

Q7. RRBs are working in all states of the country except _______.
(a) Sikkim
(b) Goa
(c) Andhra Pradesh
(d) Bihar 
(e) Both (a) and (b)

Q8. This organisation is made for empowering Micro, Small and Medium enterprises in India?
(a) ECGC
(b) RBI
(c) RRB

Q9. ECS stand for-
(a) External Commercial System
(b) Electronic Clearing System
(c) Electronic Commercial System
(d) Electrical Clearing Service
(e) Electronic Clearing Service

Q10. Nationalisation of banks took place in India in how many phases?
(a) 2
(b) 1
(c) 3
(d) 4
(e) 5

Q11. A closed economy is?
(a) Only Exports take place
(b) Only Imports take place
(c) Imports and exports take place
(d) Neither Imports nor Exports take place
(e) None of the given options is true

Q12. Which organisation carry out open market operations?
(a) SEBI
(c) RBI
(e) Finance Ministry

Q13. What was the Purpose of setting up Narasimhan committee-2?
(a) Efficiency and productivity
(b) Banking reform process
(c) Export of IT sector
(d) Fiscal Reform process
(e) None of the given options is true

Q14. The largest bank Imperial Bank was nationalised in 1955 and rechristened as State Bank of India on the recommendation of which committee?
(a) Rangarajan Committee
(b) Chelliah Committee
(c) Rekhi Committee
(d) Gorewala Committee
(e) None of the given options is true

Q15. Who monitors Priority Sector Lending (PSL) in commercial banks?
(a) Reserve Bank of India (RBI)
(b) Small Industries Development Bank of India (SIDBI)
(c) National Bank for Agriculture and Rural Development (NABARD)
(d) Government of India (GOI)
(e) Finance Ministry (FM)

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