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. According to the Income Tax Act of 1961, the age of Super Senior Citizens should be-
(a) 60 years
(b) 70 years
(c) 80 years
(d) 75 years
(e) 65 years

Q2. Part of company’s earning or profit which is paid out to shareholders is known as _______
(a) Premium
(b) Dividend
(c) Bonus
(d) Sum Assured
(e) Return

Q3. Which of the following economic concepts is categorised on the basis of Current Account or Capital Account or both?
(a) Balance of Payments
(b) Value of the food grain stock of a country
(c) Gross National Product
(d) Gross National Income (GNI)
(e) Total collection of Direct Taxes in a year

Q4. When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called-
(a) Revenue Deficit
(b) Budgetary Deficit
(c) Zero Budgeting
(d) Trade Gap
(e) Balance of Payment Problem

Q5. Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth.
(a) Five years
(b) Four years
(c) Six years
(d) Eight years
(e) Ten years

Q6. Which Bank has launched instant credit cards enabling its savings account customers to get a credit card instantly, in a completely digital and paperless manner recently?
(a) State Bank of India
(b) ICICI Bank
(c) Axis Bank
(d) Bank of Baroda
(e) HDFC Bank

Q7. Private sector lender IDFC Bank has partnered with digital payments company Zeta, to launch ‘IDFC Bank Benefits’. It is a payment solution for corporates that digitizes employee spends and claims, making the process simple, real-time and paperless. Where is the head office of IDFC Bank?
(a) Chennai
(b) New Delhi
(c) Jaipur
(d) Kolkata
(e) Mumbai

Q8. Syndicate Bank has pared its marginal cost of funds based lending rate (MCLR) by 5-10 basis points in certain maturity buckets recently. Where is the headquarter of Syndicate Bank?
(a) Lucknow, Uttar Pradesh
(b) Jaipur, Rajasthan
(c) Kolkata, West Bengal
(d) Manipal, Karnataka
(e) Chennai, Tamil Nadu

Q9. India signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for the financing of USD 329 million for Gujarat Rural Roads Project. AIIB based in-?
(a) Japan
(b) China
(c) Germany
(d) France
(e) USA

Q10. Private sector lender Axis Bank reduced interest rate on savings bank accounts by 50 basis points to 3.5 percent for deposits up to-
(a) Rs 1 lakh 
(b) Rs 80 lakh 
(c) Rs 20 lakh 
(d) Rs 50 lakh
(e) Rs 10 lakh  

Q11. 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

Q12. 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

Q13. 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 

Q14. All PSLCs will expire on-
(a) 01st October
(b) 01st April
(c) 01st March
(d) 01st January
(e) 01st June

Q15. 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

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