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. Which among the following international organisation has announced its approval to a $329 million loan to build access roads across 4,000 villages in Gujarat recently?
(a) OPEC
(b) IMF
(c) AIIB
(d) ADB
(e) World Bank

Q2. Takehiko Nakao is present president of-
(a) Asian Development Bank
(b) World Bank
(c) New Development Bank
(d) International Monetary Fund
(e) Asian Infrastructure Investment Bank 

Q3. Siemens AG opened its first digital factory in India, also the third globally after one each in Germany and China, as the industrial conglomerate pitches smart facilities to small and medium-scale enterprises in the country. Siemens AG based in-
(a) Canada
(b) France
(c) China
(d) Germany
(e) Japan

Q4. The Asian Development Bank (ADB) was conceived in the early __________ as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world.
(a) 1950s
(b) 1960s
(c) 1940s
(d) 1970s
(e) 1980s

Q5. Who is the present president of the Asian Infrastructure Investment Bank (AIIB)?
(a) Li Keqiang
(b) Wang Yi
(c) Xie Xuren 
(d) Lou Jiwei 
(e) Jin Liqun

Q6. Which among the following bank has partnered with mobile payments switch TerraPay to enable real-time money transfer to bank accounts in India?
(a) Kotak Mahindra Bank
(b) Axis Bank
(c) Yes Bank
(d) ICICI Bank
(e) HDFC Bank

Q7. Meghalaya government has signed two MoUs with the __________ as a part of an initiative towards migrating government transactions to digital mode. 
(a) Bank of Maharashtra
(b) Indian Bank
(c) Bank of Baroda
(d) Punjab National Bank
(e) State Bank of India

Q8. An agreement for _________ Credit of USD 35 Million from World Bank for “Assam State Public Financial Institutional Reforms Project” was signed in New Delhi.
(a) International Bank for Reconstruction and Development (IBRD)
(b) International Centre for Settlement of Investment Disputes (ICSID)
(c) International Finance Corporation (IFC)
(d) Multilateral Investment Guarantee Agency (MIGA)
(e) International Development Association (IDA) 

Q9. The Insurance Regulatory and Development Authority of India (IRDAI) has taken over the administration of Sahara India Life Insurance, a first of its kind move in the insurance sector. Sahara India Life Insurance based in-
(a) Jaipur
(b) Lucknow
(c) Patna
(d) Shimla
(e) New Delhi

Q10. The proposed merger between Aadhar Housing Finance and DHFL Vysya Housing Finance has hit the final lap with it got the nod from housing finance regulator National Housing Bank (NHB). NHB was set up on-
(a) 09th July 1982 
(b) 09th July 1992 
(c) 09th July 1999 
(d) 09th July 1988
(e) 09th July 1956 

Q11. What is the maximum period for which a term deposit can be normally opened?
(a) 8 years
(b) 7 years
(c) 9 years
(d) 10 years
(e) 12 years

Q12. A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as __________
(a) external debt
(b) good debt
(c) bad debt
(d) internal debt
(e) None of the given options is true

Q13. An account for which a bank acts as an uninterested third party is termed as?
(a) Savings Account
(b) Current Account
(c) Reserve Account
(d) Escrow Account
(e) Fixed Account

Q14. A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as ________
(a) Power of Attorney
(b) Promissory Note
(c) Purchasing Power Parity
(d) Plastic Notes
(e) None of the given options is true

Q15. Which of the following is defined as the difference between current assets and current liabilities?
(a) Venture Capital
(b) Working Capital
(c) Equitable Mortgage
(d) Loss Assets
(e) Profit and Loss Account

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