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30 Sample Banking Awareness questions for IBPS PO/Clerk/RRB Exam | IBPS Recruitment 2013: Result| call letter| cutoff marks| model questions

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30 Sample Banking Awareness questions for IBPS PO/Clerk/RRB Exam


We published some model IBPS banking awareness questions few days ago. Today we are going to publish some more sample banking awareness questions for IBPS PO/clerk/RRB exams which will be very useful for upcoming IBPS banking recruitment exams. Check here for 30 model IBPS banking awareness questions.

IBPS Clerk-II Joining Schedules different banks

IBPS Clerk-II Common Interview Experience by our readers

1. The validation of Traveller's Cheques is(a) (b) (c) (d) Three months Six months One year No limit-are valid till encashed

(d) No limit-are valid till encashed

2. What is the minimum balance required to maintain a cheque book facility? (a) (b) (c) (d) Rs. Rs. Rs. Rs. 100 200 500 1000

(d) Rs. 1000

3. What is documentation? (a) (b) (c) (d) Proper execution of documents Stamping of document Cancellation of stamps None of the above

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(a) Proper execution of documents

4. Which of the following is the Central Bank of India? (a) (b) (c) (d) The Reserve Bank of India The State Bank of India The Andhra Bank Bank of India

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(a) The Reserve Bank of India

5. State Bank of India was established in(a) (b) (c) (d) 1935 1969 1955 1946

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(c) 1955

6. What is the number of Public Sector Banks in India at present?

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30 Sample Banking Awareness questions for IBPS PO/Clerk/RRB Exam | IBPS Recruitment 2013: Result| call letter| cutoff marks| model questions
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(a) (b) (c) (d)

8 20 28 14

(c) 28

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7. Which are not commercial Banks? (a) (b) (c) (d) Foreign Banks State Co-operative Banks Private Banks Regional Rural Banks

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(b) State Co-operative Banks Subscribe 8. In which country SBI has the maximum numbers of foreign offices? (a) (b) (c) (d) U.S.A. U.K. Germany Japan
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(b) U.K.

9. In which current the payment of interest is effected in the case of FCNR accounts?

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(a) (b) (c) (d)

Indian Rupee Only in Pound Same currency in which deposit stands Yen

(c) Same currency in which deposit stands

10. What is Balance Sheet? (a) (b) (c) (d) Statement Statement Position of Statement of assets and liabilities on a particular date of profit and loss on a particular date cash balance of assets and liabilities for a particular year

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Below 100 101-120 121-140 141-160 161-180 181-200 Vote Show results

(a) Statement of assets and liabilities on a particular date

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11. How is the interest on the savings bank accounts compounded? (a) (b) (c) (d) Monthly Yearly Quarterly Half-yearly

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(d) Half-yearly

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12. In case of a joint savings bank account, the limitation of the number of persons is(a) (b) (c) (d) Two Four Five No limit

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(d) No limit

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30 Sample Banking Awareness questions for IBPS PO/Clerk/RRB Exam | IBPS Recruitment 2013: Result| call letter| cutoff marks| model questions
Below 50 50-60 61-70 71-80 Above 80 Vote Show results

13. From which sources does the Government of India drive maximum revenue? (a) (b) (c) (d) Income tax Customs Sales tax Excise duty

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(d) Excise duty

14. After how many days does a cheque become stale? (a) (b) (c) (d) 2 months 3 months 6 months 12 months

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(c) 6 months

15. What is the minimum period to hire a locker in banks? (a) (b) (c) (d) 1 week 3 months 6 months 12 months

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(c) 6 months

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16. What is Gift Cheque? (a) (b) (c) (d) A negotiable instrument An order instrument Simple receipt A quasi-negotiable instrument

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(c) Simple receipt

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17. Who has issued Master shares? (a) (b) (c) (d) RBI SBI UTI LIC

(c) UTI

18. What is the limit for a currency transfer? (a) (b) (c) (d) 10 lakhs 25 lakhs 1 crore no limit

(d) no limit

19. The minimum period of medium and long-term loans is(a) (b) (c) (d) 12 18 24 36 months months months months

(b) 18 months

20. Which of the following bank does not belong to State Bank Group? (a) (b) (c) (d) State Bank of Indore Banaras State Bank State Bank of Bikaner and Jaipur State Bank of Patiala

(b) Banaras State Bank

21. From a bankers point of view, which is the most risky charge?

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30 Sample Banking Awareness questions for IBPS PO/Clerk/RRB Exam | IBPS Recruitment 2013: Result| call letter| cutoff marks| model questions
(a) (b) (c) (d) Pledge Hypothecation Mortgage Lien

(b) Hypothecation

22. What is the safest form of crossing? (a) (b) (c) (d) Account payee crossing General crossing Special crossing Double crossing

(a) Account payee crossing

23. A cheque which is not crossed is known as(a) (b) (c) (d) Open cheque Bearer cheque Uncrossed cheque Order cheque

(a) Open cheque

24. On which of the following the banker has a lien? (a) (b) (c) (d) Bonds given for collection Bonds given for safe custody Bonds left by mistake (a) and (b) together

(a) Bonds given for collection

25. To open a Home Loan Account the minimum amount of contribution is(a) (b) (c) (d) Rs. Rs. Rs. Rs. 5 10 20 30

(d) Rs. 30

26. Under which of the following Regional Rural Banks (RRB) are classified? (a) (b) (c) (d) Land Developments Banks Co-operative Banks Commercial Banks Public Sector Banks

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(d) Public Sector Banks

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27. When were the Regional Rural Banks (RRBs) set up? (a) (b) (c) (d) January 1, 1975 March 11, 1975 April 1, 1975 October 2, 1975

(d) October 2, 1975

28. On which of the following EXIM Bank concentrate? (a) (b) (c) (d) Medium-term financing Short-term financing Short and medium-term financing Short and long-term financing

(a) Medium-term financing

29. Who refinances the loans granted by SFC? (a) IDBI (b) SIDBI (c) RBI

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30 Sample Banking Awareness questions for IBPS PO/Clerk/RRB Exam | IBPS Recruitment 2013: Result| call letter| cutoff marks| model questions
(d) both (a) and (b) (d) both (a) and (b)

30. When was the Industrial Finance Corporation of India set up? (a) (b) (c) (d) March 1948 April 1948 July 1948 October 1948

(c) July 1948

Check more IBPS banking awareness questions here25 Important Model IBPS Banking Awareness questions

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Posted by Priyabrata Das at 9:48 pm

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