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.
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Banking & Insurance Exams Covered in this Pack
Additionally, you can crack any private bank job exam with content in this pack.
Bank & Insurance Mahapack Highlights
Structured course content
Recorded classes available if you miss any live class
Previous Years’ Papers of all upcoming exams.
Full Length Mocks based on the latest pattern with detailed solutions (video solutions for certain topics)
Topic level knowledge tests
Strategy sessions, time management & Preparation tips from the experts
Q1. ___________ is vested with the responsibility of conducting monetary policy.
(e) Finance Ministry
Q2. In which year the Reserve Bank of India (RBI) Act, 1934 was amended to provide a statutory basis for the implementation of the flexible inflation targeting framework?
(a) May 2013
(b) May 2014
(c) May 2015
(d) May 2016
(e) May 2012
Q3. Which scheme/act has enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks?
(a) Reserve Bank of India Act, 1934
(b) Banking Regulation Act, 1949
(c) Securitization Act 2002
(e) Banking Ombudsman Scheme
Q4. The Banking Ombudsman Scheme is introduced by RBI with effect from-
Q5. IBA adopts a consultative approach to give its views on any issue pertaining to the banking sector. What is the meaning of “I” in IBA?
Q6. The concept of insuring deposits kept with banks received attention for the first time in the year ___________ after the banking crises in Bengal.
Q7. The Deposit Insurance Corporation (DIC) Bill was introduced in the Parliament on August 21, 1961. After it was passed by the Parliament, the Bill got the assent of the President on December 7, 1961, and the Deposit Insurance Act, 1961 came into force on January 01st-
Q8. The Reserve Bank of India was promoted a public limited company on January 14th 1971, named the CGCI. What was the meaning of first “C” in CGCI?
Q9. The DIC Bill was introduced in the Parliament on August 21st, 1961. What is the meaning of “D” in DIC?
(e) None of the given options is true
Q10. DICGC stands for-
(a) Deposit Investment and Credit Guarantee Corporation
(b) Deposit Insurance and Credit Guarantee Corporation
(c) Deposit Insurance and Credit Guarantee Company
(d) Demand Insurance and Credit Guarantee Corporation
(e) Deposit Installment and Credit Guarantee Corporation
Q11. Which committee has recommended the setting up of Special Tribunals to reduce the time required for settling cases and accepting the recommendations, Debt Recovery Tribunals (DRTs) were established?
(a) Kelkar committee
(b) Justice Reddy committee
(c) Rangarajan Committee
(d) Sivaraman Committee
(e) Narasimham Committee
Q12. DRT has been constituted under Section 3 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. DRT stands for-
(a) Debt Recovery Tribunals
(b) Demand Recovery Tribunals
(c) Deposit Recovery Tribunals
(d) Debt Refinance Tribunals
(e) Debt Recovery Treaty
Q13. What is the financial limit Under MUDRA’s Tarun scheme?
(a) Rs. 40 lakh to Rs. 50 lakh
(b) Rs. 30 lakh to Rs. 40 lakh
(c) Rs. 20 lakh to Rs. 30 lakh
(d) Rs. 10 lakh to Rs. 20 lakh
(e) Rs. 5 lakh to Rs. 10 lakh
Q14. Who can set up an SEZ?
(a) Private sector
(b) Public sector
(c) State government
(d) All of the above
(e) Only (a) and (b)
Q15. Securitisation act 2002 enables the banks to issue notices to defaulters who have to pay the debts within __________ days.