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. BCSBI was set up to ensure that the common person as a consumer of financial services from the banking Industry is in no way at a disadvantageous position and really gets what he/she has been promised. BCSBI stands for-?
(a) Branch Codes and Standards Board of India
(b) Banking Codes and Stability Board of India
(c) Banking Codes and Standards Bank of Industry
(d) Banking Codes and Society Board of Investment
(e) Banking Codes and Standards Board of India

Q2. When was the currency system in India converted into the decimal system?
(a) April 01st 1959
(b) April 01st 1957
(c) April 01st 1955
(d) April 01st 1953
(e) April 01st 1951
Q3. Which of the following field Dalal Street in Mumbai is famous?
(a) NABARD
(b) Stock Exchange
(c) RBI
(d) SEBI
(e) Commerce and industry ministry
Q4. Deposits which can be withdrawn by a customer without notice is called?
(a) Time Deposits
(b) Demand Deposits
(c) Variable Deposits
(d) Low-cost Deposits
(e) None of the given options is true
Q5. Which of the following is not e-banking software?
(a) ECS
(b) RTGS
(c) PIPS
(d) NEFT
(e) M-Banking
Q6. What is the full form of ‘FSDC’ which is used in financial sectors?
(a) Financial Security and Development Council
(b) Financial Stability and Development Council
(c) Fiscal Security and Development Council
(d) Fiscal Stability and Development Council
(e) None of the given options is true
Q7. 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
Q8. 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
Q9. 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
Q10. 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

Q11. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points. What is basis point? 
(a) Ten percent of one-hundredth point 
(b) One hundredth of 1%
(c) One hundredth of 10% 
(d) Ten per cent of 1000
(e) None of the above
Q12. Which of the following is not a type of cheque issued by an individual? 
(a) Bearer cheque 
(b) Order cheque 
(c) Crossed cheque 
(d) Savings cheque
(e) None of the above
Q13. What is Financial Inclusion? 
(a) To provide a permanent employment to the unemployment 
(b) To provide a 100 days job to all those who are in need of a job 
(c) Delivery of financial services at affordable costs to vast sections of disadvantaged and low-income groups
(d) To ensure that all financial transaction amounting Rs. 5,000/- and above are done through banks. 
(e) None of the above
Q14. Which of the following places in India does not have a stock Exchange? 
(a) Kolkata 
(b) Ahmedabad 
(c) Mumbai 
(d) Udaipur
(e) None of the above

Q15. Which of the following is the name of private sector Bank in India? 
(a) IDBI Bank 
(b) Axis Bank
(c) Corporation Bank 
(d) UCO Bank
(e) Dena Bank
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