Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017

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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. What is the maturity period for senior citizen savings scheme?
(a) 3 years
(b) 1 years
(c) 2 years
(d) 5 years
(e) 4 years

Q2. The Overseas Principal should obtain necessary authorization from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system?
(a) Reserve Bank of India Act–1934
(b) Banking Companies (Acquisition and Transfer of Undertakings) Act– 1970
(c) Banking Regulation (Companies) Rules, 1949
(d) Payment and Settlement Systems Act (PSS Act), 2007
(e) None of the given options is true

Q3. ___________ is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India.
(a) MTSS
(b) NEFT
(c) RTGS
(d) NPCI

Q4. A cap of ____________ has been placed on individual remittances under the MTSS?
(a) USD 2,500
(b) USD 5,000
(c) USD 3,500
(d) USD 1,000
(e) USD 1,500

Q5. FATF stands for-
(a) Financial Action Trade Force
(b) Financial Asset Task Force
(c) Financial Asset Trade Force
(d) Financial Action Time Force
(e) Financial Action Task Force

Q6. Which of the following is a receipt, declaring ownership of shares of a foreign company and can be listed in India and traded in rupees?
(a) ADR
(b) GDR
(c) IDR
(d) EDR
(e) None of the given options is true

Q7. What is the term for a bank without any branch network that offers its services remotely?
(a) Internet only Banks
(b) Direct Bank
(c) Lending Institution
(d) Indirect Bank
(e) Online Bank

Q8. The opening of branches by banks is governed by the provisions of Section _______ of the Banking Regulation Act, 1949. 
(a) Section 44
(b) Section 18
(c) Section 27
(d) Section 32
(e) Section 23

Q9. For expanding access to banking services, the RBI has advised banks to open branches with minimum infrastructure support of 8 to 10BC units at a reasonable 3-4km. Such branches are known as _______
(a) White Label ATMs
(b) Ultra Small Branches
(c) Banking Kiosks
(d) CBS Terminals
(e) ICT Hubs

Q10. Which among the following conditions, Regional Rural Banks (RRBs) should fulfil to become eligible to open new branch/branches?
(a) No default in maintenance of SLR and CRR during the last two years
(b) Operational profits are being made
(c) Net worth shows improvement
(d) Net NPA ratio does not exceed 8 per cent
(e) All of the above conditions should fulfil by RRBs

Q11. The largest shareholder of a public sector bank is-
(a) RBI
(b) Government of India
(d) All of the Above
(e) None of the given options is true

Q12. Which of the following works is/are done by Credit Information Companies?
(a) Collecting records of an individual’s payments pertaining to loans
(b) Maintaining records of an individual’s payments pertaining to credit cards
(c) Creating Credit Information Reports
(d) All of the Above
(e) None of the given options is true

Q13. By which rate is the domestic current rate of currency converted into foreign currency?
(a) Bank Rate
(b) CRR
(c) Stock Exchange Rate
(d) Repo Rate
(e) Exchange Rate

Q14. The Foreign exchange of India is kept with _________
(a) SBI
(b) ECGC
(c) RBI
(e) SEBI

Q15. Fiscal policy is concerned with which of the following?
(a) Public Revenue and Expenditure
(b) Issue of Currency
(c) Export Import
(d) Population Control
(e) Education for all

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