Banking Awareness Questions for IBPS RRBs Exam 2017

Dear Readers,


Just a few months are left for IBPS RRBs Mains It is time to pace up your preparation of Banking Awareness for IBPS RRB PO and Clerk Mains. These Banking questions will also help you in preparing for other upcoming banking recruitment examination.

Q1. E-KYC is possible only for those who have _______
(a) PAN Card
(b) Driving License
(c) Ration Card
(d) Aadhaar Number
(e) None of the given options is true

Q2. ____________ is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
(a) NEFT
(b) RTGS
(c) NPCI
(d) BHIM
(e) UPI

Q3. Banks can not generally accept interest-free deposits. Which of the following is an exception to this rule?
(a) Current Account
(b) Savings Account of Minors
(b) Deposit from Minority groups
(e) None of the given options is true

Q4. Deposits under Foreign Currency Non-Resident (FCNR) scheme can be accepted for a minimum of-
(a) Six months
(b) Three months
(c) One year
(d) 15 days
(e) Five Years

Q5. What is the meaning of a bond issued by an Indian company expressed in foreign currency, and the principal and interest in respect of which is payable in foreign currency? 
(a) ECB
(b) FCCBs
(c) Automatic Route
(d) FCNR
(e) None of the given options is true

Q6. ECGC Limited (Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by?
(a) RBI
(b) Government of India
(e) Finance Ministry

Q7. The Headquarters of Kotak Mahindra Bank is located in _______
(a) Mumbai
(b) Hyderabad
(c) Chennai
(d) Bengaluru
(e) New Delhi

Q8. Minimum amount that can be invested in Kisan Vikas Patra (KVP) Certificate is _________
(a) Rs.100
(b) Rs.200
(c) Rs.500
(d) Rs.1000
(e) Rs.1500

Q9. National Housing Bank (NHB), a wholly owned subsidiary of_________
(a) RBI
(b) Government of India
(d) State Government

Q10. Where is the corporate office of Micro Units Development and Refinance Agency (MUDRA) Bank?
(a) Kolkata
(b) Bengaluru
(c) Mumbai
(d) New Delhi
(e) Chennai

Q11. Where is the headquarter of AU Small Finance Bank?
(a) Jalandhar, Punjab
(b) Ahmedabad, Gujarat
(c) Guwahati, Assam
(d) Bengaluru, Karnataka
(e) Jaipur, Rajasthan

Q12. RBI was granted a licence to small Finance Banks for the commencement of banking business under Section ______ of the Banking Regulation Act, 1949.
(a) Section 38(3)
(b) Section 22(1)
(c) Section 47(4)
(d) Section 12(2)
(e) Section 27(5)

Q13. The foreign shareholding in the small finance bank would be as per the FDI policy for _______________ as amended from time to time.
(a) Private Sector Banks
(b) Public Sector Banks 
(c) Foreign Sector Banks 
(d) Regional Rural Banks
(e) All of the above

Q14. The promoter's minimum initial contribution to the paid-up equity capital of such small finance bank shall at least be ---------?
(a) 50 per cent
(b) 40 per cent
(c) 60 per cent
(d) 30 per cent
(e) 20 per cent

Q15. Small Finance Banks will be required to extend ________ of its ANBC to the sectors eligible for classification as priority sector lending (PSL) by the Reserve Bank.
(a) 55%
(b) 35%
(c) 75%
(d) 50%
(e) 10%

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