Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017

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Banking Awareness 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. Which of the following is a receipt, declaring ownership of shares of a foreign company and can be listed in India and traded in rupees?

(a) ADR

(b) GDR

(c) IDR

(d) EDR

(e) None of the given options is true

Q2. What is the term for a bank without any branch network that offers its services remotely?

(a) Internet only Banks

(b) Direct Bank

(c) Lending Institution

(d) Indirect Bank

(e) Online Bank

Q3. The opening of branches by banks is governed by the provisions of Section _______ of the Banking Regulation Act, 1949. 

(a) Section 44

(b) Section 18

(c) Section 27

(d) Section 32

(e) Section 23

Q4. For expanding access to banking services, the RBI has advised banks to open branches with minimum infrastructure support of 8 to 10BC units at a reasonable 3-4km. Such branches are known as _______

(a) White Label ATMs

(b) Ultra Small Branches

(c) Banking Kiosks

(d) CBS Terminals

(e) ICT Hubs

Q5. Which among the following conditions, Regional Rural Banks (RRBs) should fulfil to become eligible to open new branch/es?

(a) No default in maintenance of SLR and CRR during the last two years

(b) Operational profits are being made

(c) Net worth shows improvement

(d) Net NPA ratio does not exceed 8 percent

(e) All of the above conditions should fulfil by RRBs

Q6. Which of the following is the negotiable instrument?

(a) Fixed Deposit of a Bank

(b) Share certificate issued by a PSU

(c) Demand Draft issued by a bank

(d) Debenture of a company

(e) Airway Receipt

Q7. Bank Holidays are covered by which of the following?

(a) As per the order of the GOI

(b) As per the order of the IBA

(c) Negotiable Instruments Act

(d) RBI Act

(e) None of the given options is true

Q8. A Non-performing Asset in Banking Business means-

(a) A fixed asset of Bank is not been utilized

(b) A portion of deposits not been utilized

(c) A loan asset on which interest and/or instalments not paid for a period of more than 90 days

(d) All of the Above

(e) None of the given options is true

Q9. Alterations, if any, on cheques are required to be authenticated by the signature of-

(a) Payee

(b) Depositor

(c) Drawer

(d) Endorse

(e) All of the above

Q10. What is the purpose of KYC in banking?

(a) It is used for customer identification

(b) It is used for increasing the CRR of banks

(c) It is used against money laundering

(d) It is used by the central bank to control liquidity

(e) Both (a) and (c)

Q11. The DIC Bill was introduced in the Parliament on August 21st, 1961. What is the meaning of "D" in DIC?

(a) Distance

(b) Development

(c) Deposit

(d) Demand

(e) None of the above

Q12. 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 

Q13. DICGC was came into existence on- 

(a) 15th July 1949

(b) 15th July 1961

(c) 15th July 1982

(d) 15th July 1972

(e) 15th July 1978

Q14. The authorized capital of the DICGC is 50 crore, which is fully issued and subscribed by-

(a) Government of India

(b) SIDBI

(c) NABARD

(d) RBI

(e) SEBI

Q15. Which type of Banks are covered under Deposit Insurance (DICGC) Scheme?

(a) All commercial banks including the branches of foreign banks functioning in India

(b) Local Area Banks 

(c) Regional Rural Banks

(d) All of the above

(e) None of the given options is true

We will be updating the detailed solutions shortly......

You may also like to Read:

• Get complete information about IBPS Clerk Notification 2017
• Banking Awareness Questions- Quiz for Bank Exams
• National Static Awareness
• International Static Awareness

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