Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017

Dear Readers,


Banking Quiz for IBPS Exam 2017

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. PFRDA is responsible for the appointment of which of the following agency?
(a) Pension Fund Managers
(b) Custodian
(c) NPS Trustee Bank
(d) Central Record Keeping Agency (CRA)
(e) All of the above

Q2. Pension Fund Regulatory and Development Authority (PFRDA) is authorized by?
(a) GOI
(b) RBI
(c) Ministry of Commerce
(d) Ministry of Finance
(e) SEBI

Q3. The headquarters of Pension Fund Regulatory and Development Authority (PFRDA) is-
(a) Mumbai
(b) Hyderabad
(c) New Delhi
(d) Bangalore
(e) Kolkata

Q4. Which of the following is an investment strategy in which a fund invests in other types of funds?
(a) Bond
(b) Securities
(c) Stock
(d) Funds of Fund
(e) None of the given options is true

Q5. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) was established by ____________  as its wholly owned subsidiary.
(b) RBI
(c) SBI
(e) SEBI

Q6. In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers?
(a) Retail Banking
(b) Universal Banking
(c) Virtual Banking
(d) Unit Banking
(e) None of the given options is true

Q7. Maximum loan amount to individuals against physical security shares can be _____
(a) 20 lakh
(b) 15 lakh
(c) 25 lakh
(d) 50 lakh
(e) 10 lakh

Q8. The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as:
(a) Economic Policy
(b) Monetary Policy
(c) Fiscal Policy
(d) Credit Policy
(e) Budgetary Policy

Q9. Loans granted by a bank to an exporter popularly known as ‘Export credit’ is guaranteed, in case of default by which of the following-
(a) EXIM Bank
(b) Ministry of International Trade, GOA
(c) ECGC
(e) None of the given options is true

Q10. Who amongst the following is the regulator in the financial system of the country?
(a) OIC
(b) SEBI
(d) TRAN
(e) CERC

Q11. According to the Income Tax act of 1961, the age of Super senior Citizens should be-
(a) 60 years
(b) 70 years
(c) 80 years
(d) 75 years
(e) 65 years

Q12. Part of company’s earning or profit which is paid out to share holders is known as _______
(a) Premium
(b) Dividend
(c) Bonus
(d) Sum Assured
(e) Return

Q13. Which of the following economic concepts is categorised on the basis of Current Account or Capital Account or both?
(a) Balance of Payments
(b) Value of the food grain stock of a country
(c) Gross National Product
(d) Gross National Income (GNI)
(e) Total collection of Direct Taxes in a year

Q14. When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called-
(a) Revenue Deficit
(b) Budgetary Deficit
(c) Zero Budgeting
(d) Trade Gap
(e) Balance of Payment Problem

Q15. Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth.
(a) Five years
(b) Four years
(c) Six years
(d) Eight years
(e) Ten years

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