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. Senior Citizen Saving Scheme (SCSS) is exclusively meant for people over the age of 60 years. They shall come into force on-
(a) August 2004
(b) August 2002
(c) August 2010
(d) August 2008
(e) August 2006

Q2. What is the maturity period of Senior Citizen Saving Scheme (SCSS)?
(a) 5 years
(b) 50 years
(c) 1 years
(d) 10 years
(e) 15 years

Q3. There are only four eligible categories of PSLCs i.e. PSLC General, PSLC Small and Marginal Farmer, PSLC Agriculture & PSLC Micro Enterprises. PSLC stands for-?
(a) Public Sector Lending Certificates 
(b) Priority Sector Lending Certificates 
(c) Priority System Lending Certificates 
(d) Priority Service Lending Certificates 
(e) Priority Sector Lending Cash 

Q4. All PSLCs will expire on-
(a) 01st October
(b) 01st April
(c) 01st March
(d) 01st January
(e) 01st June

Q5. The guidelines specify that MCLR calculated using methodology prescribed shall correspond to the tenor of funds in the single largest maturity bucket provided it is more than 30% of the entire funds reckoned for determining the MCLR. What is the meaning of "M" in MCLR?
(a) Minimum
(b) Maturity
(c) Marginal
(d) Management
(e) None of the given options is true

Q6. What is the minimum tenure of gold deposits under Gold Monetization Scheme, 2015?
(a) Five year
(b) Two year
(c) One year
(d) Three year
(e) Four year

Q7. All Scheduled Commercial Banks excluding ________ are eligible to implement under Gold Monetization Scheme, 2015?
(a) Private Sector Banks
(b) IDBI Bank Limited
(c) State Bank of India
(d) Regional Rural Banks
(e) Public Sector Banks

Q8. BSBDA is a simple, basic account for routine banking transactions without the need of minimum balance requirement. BSBDA stands for-?
(a) Basic Savings Branch Deposit Account
(b) Balance Savings Bank Deposit Account
(c) Basic Savings Bank Demand Account
(d) Basic Savings Bank Deposit Account
(e) None of the given options is true

Q9. Which rate has replaced the erstwhile Benchmark Prime Lending Rate system with effect from July 1, 2010? 
(a) Marginal Rate system
(b) Bank Rate system
(c) Repo Rate system
(d) Open Rate system
(e) Base Rate system

Q10. Banks cannot accept interest-free deposits other than in-
(a) Saving Account
(b) Recurring Deposit Account
(c) Fixed Deposit Account
(d) Nostro Account

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