Banking Awareness Questions for IBPS RRBs PO and Clerk 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. Which of the following Act provides provisions for the regulation of credit information companies?

(a) Companies Act, 1956

(b) Credit Information (Companies Regulation Act, 2005)

(c) Information Technology Act, 2000

(d) Banking Regulation Act, 1949

(e) None of the given options is true

Q2. __________ are certificates issued by banks that have overreached their priority sector lending targets.

(a) Commercial Papers

(b) Certificate of Deposits

(c) Treasury Bills

(d) Priority Sector Lending Certificates

(e) None of the given options is true

Q3. How many types of PSLCs can be issued by the Banks?

(a) Four

(b) Five

(c) Six

(d) Eight

(e) Ten

Q4. Which bank has launched India’s first golf-centric credit card?

(a) SBI

(b) UBI

(d) PNB

(d) RBL

(e) ICICI

Q5. Which bank has launched India’s first contact less mobile payment solution-?

(a) ICICI

(b) Kotak Mahindra Bank

(c) Indusind Bank

(d) South Indian Bank

(e) Axis Bank

Q6. IBA was set up in ________ with 22 members to discuss issues of common interests.

(a) 1946

(b) 1955

(c) 1934

(d) 1921

(e) 1961

Q7. What is the effort of IBA?

(a) Assist and provide common services to members.

(b) Promote sound and progressive banking principles and practices. 

(c) Co-ordinate and co-operate on procedural, legal, technical, administration, professional matters. 

(d) Build Image of banking industry through publicity and public relations.

(e) All of the above

Q8. Central Government has notified in the Official Gazette ___________ CPI inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.

(a) 4 percent

(b) 3 percent

(c) 5 percent

(d) 2 percent

(e) None of the above

Q9. What is the full form of CPI?

(a) Customer Price Index

(b) Consumer Price Index

(c) Consumer Product Index

(d) Consumer Price Indian

(e) Custom Price Index

Q10. What is the focus & Priorities of IBA?

(a) The Government of India on policy related issues 

(b) Industry unions on wage negotiations and improving industrial relations 

(c) Foreign counterparts to widen the horizon and perspectives 

(d) Members to encourage inter-bank co-operation and co-ordination 

(e) All of the above

Q11. _______ is a deposit account provided by a bank or other financial institutions for individuals to save money and earn the modest interest for that money held in the account.

(a) Fixed Deposit Account

(b) Savings Bank Account

(c) Recurring Account

(d) Current Account

(e) None of the given options is true

Q12. Which among the following bank is the first bank to launch the Mudra Card based on the RuPay platform?

(a) SBI

(b) Corporation Bank

(c) Vijaya Bank

(d) PNB

(e) HDFC Bank

Q13. ______________ in partnership with Visa launched India’s first co-branded e-commerce credit card

(a) Flipkart and ICICI Bank

(b) Snapdeal and ICICI Bank

(c) Flipkart and HDFC Bank

(d) Snapdeal and HDFC Bank

(e) Flipkart and Axis Bank

Q14. ____________ is a product to provide a person with an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time.

(a) Fixed Deposit Account

(b) Savings Bank Account

(c) Recurring Deposit Account

(d) Current Account

(e) None of the given options is true

Q15. World’s first Bank Agnostic Instant Funds Transfer Platform using Facebook launched by-

(a) ICICI Bank

(b) Kotak Mahindra Bank

(c) Indusind Bank

(d) Central Bank

(e) HDFC Bank

Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017 (Solutions)

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