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. Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of-
(a) Rs.100 Crore
(b) Rs.200 Crore
(c) Rs.500 Crore
(d) Rs.300 Crore
(e) Rs.800 Crore

Q2. Under which act NBFCs are incorporated?
(a) Banking Regulation Act, 1949
(b) Companies Act, 1956
(c) RBI Act 1934
(d) SBI Act 1955
(e) None of the given options is true

Q3. An NBFC must be registered with the _____________ and have specific authorization to accept deposits from the public.
(a) RBI
(b) SEBI
(d) SBI
(e) Government of India

Q4. RNBCs cannot accept deposits for a period less than _____ months and more than ______ months.
(a) 12, 84
(b) 14, 86
(c) 17, 92
(d) 24, 36
(e) 54, 95

Q5. RNBC stands for-
(a) Residuary Non-Banking Companies
(b) Reserve Non-Banking Companies
(c) Reserve New Banking Companies
(d) Re-curring New Banking Companies
(e) None of the given options is true

Q6. Which of the following features on the reverse of 500 rupee note?
(a) Mangalyaan
(b) Himalaya Mountains
(c) Red Fort
(d) Parliament of India
(e) Tractor

Q7. ______ is a standard format of Bank Identifier Codes(BIC) for banks to identify banks and financial institutions globally.
(a) RTGS
(b) IFSC
(c) NEFT
(e) None of the given options is true

Q8. How many codes are there in SWIFT code?
(a) 8
(b) 11
(c) 7
(d) Both (b) and (c)
(e) Both (a) and (b)

Q9. First 4 characters in the SWIFT code refers to-
(a) Bank Code
(b) Country Code
(c) Branch Code
(d) Location Code
(e) None of the given options is true

Q10. SWIFT stands for-
(a) Station for Worldwide Interbank Financial Telecommunication 
(b) Solution for Worldwide Interbank Financial Telecommunication 
(c) System for Worldwide Interbank Financial Telecommunication 
(d) Service for Worldwide Interbank Financial Telecommunication 
(e) Society for Worldwide Interbank Financial Telecommunication

Q11. Which among the following Banks has launches ‘Saral-Rural Housing Loan’ Scheme for weaker sections?
(a) ICICI Bank
(b) SBI
(c) PNB
(d) Syndicate Bank
(e) Axis Bank

Q12. Which of the following public sector bank emblem figures a dog and the words ‘faithful, friendly’ in it?
(a) Punjab National Bank
(b) Oriental Bank of Commerce
(c) Syndicate Bank
(d) State Bank of India
(e) Indian Overseas Bank

Q13. If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be-
(a) Increases
(b) Decreases
(c) No impact
(d) All of the above
(e) None of the given options is true

Q14. Which one of the following is a private bank?
(a) Allahabad Bank
(b) Punjab and Sind Bank
(c) Punjab National Bank
(d) South Indian Bank
(e) Bank of Baroda

Q15. PAN card issued by the income tax department cannot be used for which of the following purpose?
(a) Proof of identity
(b) Proof of a registered tax payer
(c) Proof of address
(d) Proof of date of birth
(e) None of the given options is true

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