Banking Awareness Questions for IBPS RRBs PO and Clerk Exam 2017

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Banking Awareness for IBPS Exam 2017

Just a month is left for IBPS RRB Mains It is time to pace up your preparation of Banking Awareness for IBPS RRB PO and Clerk Mains. These questions related to Banking Awareness will also help you in preparing for other upcoming banking recruitment examination.

Q1. Which Act was framed especially to deal with Non-Performing Assets (NPA)?

(a) Banking Regulation Act 1949

(b) Foreign Exchange Management Act (FEMA) 1999

(c) Industrial Disputes Act 1947

(d) SARFAESI Act, 2002

(e) None of the given options is true

Q2. In Notice Money Market, the tenor of the transactions is from ________

(a) 2-7 days

(b) 2-14 days

(c) 2-21 days

(d) 2-28 days

(e) 2-90 days

Q3. An Asset Reconstruction Company (ARC) in India is associated with-

(a) UCPDC

(b) DICGC

(c) NPA

(d) Home Loan

(e) None of the given options is true

Q4. Which of the following is mainly used by the banks in order to meet their temporary requirement of Cash on a daily basis?

(a) Commercial Paper

(b) Certificate of Deposit

(c) Collateralized Borrowing and Lending Obligations (CBLO)

(d) Call Money

(e) None of the given options is true

Q5. ___________ is a voluntary market body for the bond, money and derivatives markets.

(a) RBI

(b) SEBI

(c) IRDAI

(d) FIMMDA

(e) UIDAI

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 interoperable 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), the 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. NSDL is the first and largest depository in India, established in-

(a) August 2003

(b) August 1991

(c) August 1989

(d) August 1999

(e) August 1996

Q12. A Public Provident Fund (PPF) account holder can deposit a maximum of-

(a) 1.5 Lakhs

(b) 2.5 Lakhs

(c) 1.0 Lakh

(d) 3.5 Lakhs

(e) 5.0 Lakhs

Q13. Where is the headquarters of Paschim Banga Gramin Bank?

(a) Howrah, West Bengal

(b) Nagpur, Maharashtra

(c) Dumka, Jharkhand

(d) Bolangir, Odisha

(e) Bathinda, Punjab

Q14. National Securities Depository Limited is an Indian central securities depository based in _______

(a) New Delhi

(b) Chennai

(c) Hyderabad

(d) Mumbai

(e) Bengaluru

Q15. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in-

(a) 1999

(b) 1995

(c) 1991

(d) 1987

(e) 1982

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

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