Banking Awareness Questions for IBPS RRBs PO and Clerk Mains 2017

Dear Readers,

Banking Awareness for IBPS Exam 2017

Just a few days are left for IBPS RRB Mains It is time to pace up your preparation of Banking Awareness for IBPS RRB PO and Clerk Mains. These questions related to Banking Awareness will also help you in preparing for other upcoming banking recruitment examination.

Q1. ___________ to provide guaranteed clearing and settlement functions for transactions in Money, G-Secs, Foreign Exchange and Derivative markets.
(a) NPCI
(b) SEBI
(c) GOI
(d) RBI
(e) CCIL

Q2. _________ will be authorised operational entities, adhering to the standards for facilitating bill payments online as well as through a network of agents, on the ground.
(c) Biller Payment
(d) Creditor
(e) Assets and Liabilities

Q3. ___________ a/an electronic trading platform, operated by the Reserve Bank of India, used to facilitate the exchange of government securities and other money market instruments. 
(a) Delivery versus Payment (DvP)
(b) Negotiated Dealing System (NDS)
(c) Risk Mitigation
(d) Competition Commission of India (CCI)
(e) None of the given options is true

Q4. The Clearing Corporation of India Ltd. (CCIL) was set up in-
(a) December 2010
(b) February 1995
(c) September 2006
(d) April 2001
(e) March 1999

Q5. Which of the following is the mode of settlement of securities where in the transfer of securities and funds happen simultaneously?
(a) Delivery versus Payment (DvP)
(b) Negotiated Dealing System
(c) Clearing Corporation of India Ltd. (CCIL)
(d) All of the Above
(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) Tracto

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. An FVCI can invest in an Indian company engaged in-
(a) Biotechnology
(b) Dairy industry
(c) Production of biofuels
(d) IT related to hardware and software development
(e) All of the above

Q12. If the shares or convertible debentures are not issued within __________ days from the date of receipt of the inward remittance or date of debit to NRE/FCNR(B)/Escrow account, the amount shall be refunded. 
(a) 210 days
(b) 150 days
(c) 180 days
(d) 120 days
(e) 90 days

Q13. FCCB is a type of corporate bond issued by an Indian company in an overseas market in a currency different from that of the issuer. FCCB stands for-
(a) Foreign Currency Convertible Board 
(b) Foreign Currency Convertible Banking 
(c) Foreign Currency Convertible Bond
(d) Foreign Currency Convertible Base 
(e) Foreign Currency Convertible Basel 

Q14. What is the meaning of "C" in ECB?
(a) Concourse
(b) Cashless
(c) Common
(d) Conclusion
(e) Commercial

Q15. ECB can be raised under Track-II for the general corporate purpose (including working capital). The minimum average maturity period will be-
(a) 05 years
(b) 10 years
(c) 15 years
(d) 20 years
(e) 25 years

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