Banking and Financial Awareness for BOB/IBPS Exams

Q1. Regional rural banks are working in all the states of India except?
(a) Sikkim
(b) Jammu and Kashmir
(c) Goa
(d) Both Sikkim and Goa
(e) Assam

Q2. The sponsor bank helps and aids the RRB sponsored by it, by……..?
I. subscribing to its share capital.
II. training its personnel.
III. providing managerial and financial
assistance during the first 5 years or extended period.
Select the correct answer using the codes given below
(a) I and II 
(b) II and III
(c) I and III 
(d) All of the above
(e) None of the above
Q3. Which of the following is an example of NBFCs? 
(a) Unit Trust of India
(b) Life Insurance Corporation
(c) General Insurance Corporation
(d) All of the above
(e) None of the above
Q4. RRBs were set-up on………..?
(a) 1975
(b) 1985
(c) 1991 
(d) 2001
(e) 1965
Q5. On the recommendations of which of the following committees Regional Rural Banks (RRB) were established?
(a) Tarpore Committee
(b) Narasimham Committee
(c) Karmakar Committee
(d) Kelker Committee
(e) Jha Committee
Q6. The working group set up by the RBI has suggested the launch of an Emergency Fund Facility Scheme for banks. This scheme will help which of the following types of banks ?
(a) Public Sector Banks
(b) Small Banks
(c) Urban Cooperative Banks
(d) Private Banks
(e) Foreign Banks
Q7. As per the reports published in various journals and newspapers, the “small borrowers” in rural areas still prefer to take informal route for their credit needs. Which of the following is the “informal route” of credit in the financial sector?
(a) Credit cards
(b) Loan against gold from financial institute
(c) Debit cards
(d) Money lender
(e) None of the above
Q8. Which of the following is the purpose of introducing ‘Know Your Customer’ norms by the banks?
(a) To bring more and more people under the banking net
(b) Identifying people who do not pay income tax
(c) To ensure that the money deposited in banks has come from genuine sources
(d) To ensure whether the money deposited in the bank is of an India or a foreign national
(e) None of the above
Q9. As we all know, the cooperative banks in India are passing through a difficult phase and their performance is NOT as glamorous as that of the commercial banks today. What went wrong with cooperative banks?
(1) The cooperative banks disbursed credit on the loans on demand mostly without proper guarantees and documents. Hence repayments were always at the mercy of the borrowers and up to some extent on good crops.
(2) The cooperative banks are mostly under the supervisory control of the Panchayats, which are not professionally qualified to control such institutions.
(3) Cooperative Banks do not get any relief package from the Govt. Hence they have to manage their affairs on their own resources only.
(a) Only (2) 
(b) Only (1)
(c) Only (3) 
(d) All (1), (2) & (3)
(e) None of the above
Q10. One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general? 
(a) Know Your Customer Norms
(b) Banking Regulation Act
(c) Negotiable Instrument Act
(d) Narcotics and Psychotropic Substance Act
(e) None of the above
Q11. Which of the following schemes was launched a few years back to provide wage employment to the rural people in India (The programme is being run successfully in addition to NREGA)? 
(a) Indira Awas Yojana
(b) Accelerated Rural Water Supply Programme
(c) Total Sanitation Campaign
(d) Sampoorna Grameen Rozgar Yojana
(e) Pradhan Mantri Gram Sadak Yojana
Q12. Micro credit or micro finance is a novel approach to banking with the poor. In this approach, bank credit is extended to the pooor through………?
(a) Self Help Groups
(b) Anganwadi
(c) Cooperative Credit Societies
(d) RBI
(e) None of the above
Q13. A bill to raise the authorised capital of Regional Rural Banks (RRBs) to __________ and enable them to mop up funds from the capital market was passed by the Lok Sabha.
(a) Rs 2,000 crore
(b) Rs 1,500 crore 
(c) Rs 500 crore 
(d) Rs 1,000 crore 
(e) Rs 5,000 crore 
Q14. Which nationalised bank was the first to sponsor a Regional Rural Bank (RRB) in India?
(a) Syndicate Bank
(b) Bank of India
(c) Union Bank of India
(d) Central Bank of India’
(e) None of the above
Q15. Presently, How many RRBs are working in India? 
(a) 66
(b) 82
(c) 56
(d) 62
(e) 95

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