Dear Readers,
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.
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. In terms of Section ________ of the RBI Act 1934, RBI has the obligation to undertake the receipts and payments of the Central Government and to carry out the exchange, remittance and other banking operations, including the management of the public debt of the Union.
(a) section 16
(b) section 22
(c) section 32
(d) section 20
(e) section 25
Q2. DGBA is responsible for discharging certain core traditional central banking functions, viz., acting as bankers to the Government and banks and managing public debt of both, central and state governments. DGBA stands for-
(a) Department of Government and Bank Accounts
(b) Division of Government and Bank Accounts
(c) District of Government and Bank Accounts
(d) Department of Government and Bank Agency
(e) Department of Government and Bank Association
Q3. In how many divisions DGBA is divided at Central Office?
(a) one
(b) two
(c) three
(d) four
(e) five
Q4. Reserve Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section in-
(a) Mumbai
(b) Nagpur
(c) Pune
(d) Kolkata
(e) New Delhi
Q5. OLTAS is a system introduced in _________ for collection, accounting and reporting of the receipts and payments of Direct Taxes online through a network of bank branches.
(a) November 1999
(b) January 2001
(c) April 2004
(d) July 2005
(e) September 2010
Q6. Who among the following regulates the Indian Corporate Debt Market?
(a) RBI
(b) NABARD
(c) SIDBI
(d) SEBI
(e) PFRDA
Q7. _______ is an integrated bill payment system which will offer inter operable bill payment service to customers online as well as through a network of agents on the ground.
(a) BBPS
(b) IMPS
(c) AEPS
(d) APBS
(e) None of the given options is true
Q8. To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval/authorization to Reserve Bank of India under ________
(a) Payment and Settlement Systems (PSS) Act 2007
(b) Foreign Exchange Management Act, 1999
(c) Banking Regulation Act, 1949
(d) SARFAESI Act, 2002
(e) None of the given options is true
Q9. Which of the following will function as the Bharat Bill Payment Central Unit (BBPCU), single authorized entity operating the BBPS?
(a) RBI
(b) NPCI
(c) GOI
(d) SEBI
(e) NABARD
Q10. As per the Reserve Bank of India, BBPS will initially accept utility bill payments such as-
(a) Telephone Bill
(b) Electricity Bill
(c) DTH services
(d) All of the Above
(e) None of the given options is true
Q11. Loan and Advances of a bank come under which of the following category?
(a) Assets
(b) Liabilities
(c) Deposits
(d) All of the Above
(e) None of the given options is true
Q12. RBI sold its stake in NABARD to the Government of India, which now holds _____ stake.
(a) Approx 65%
(b) Approx 70%
(c) Approx 95%
(d) Approx 99%
(e) Approx 24%
Q13. Which of the following is not available to depositors of NBFCs?
(a) Deposit Insurance facility
(b) Acquisition of shares
(c) Loans and Advances
(d) All of the Above
(e) None of the given options is true
Q14. NBFCs include ______
(a) loan company
(b) investment company
(c) asset finance company
(d) All of the Above
(e) None of the given options is true
Q15. India Infrastructure Finance Company Ltd (IIFCL) is a wholly-owned ____________ company set up in 2006.
(a) NABARD
(b) SEBI
(c) RBI
(d) Finance Ministry
(e) Government of India
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