Sample Banking Awareness questions for IBPS PO/Clerk/RRB Exam 1. The validation of Travellers Cheques is- (a) Three months (b) Six months (c) One year (d) No limit-are valid till encashed 2. What is the minimum balance required to maintain a cheque book facility? (a) Rs. 100 (b) Rs. 200 (c) Rs. 500 (d) Rs. 1000 3. What is documentation? (a) Proper execution of documents (b) Stamping of document (c) Cancellation of stamps (d) None of the above 4. Which of the following is the Central Bank of India? (a) The Reserve Bank of India (b) The State Bank of India (c) The Andhra Bank (d) Bank of India 5. State Bank of India was established in- (a) 1935 (b) 1969 (c) 1955 (d) 1946 6. What is the number of Public Sector Banks in India at present? (a) 8 (b) 20 (c) 28 (d) 14 7. Which are not commercial Banks? (a) Foreign Banks (b) State Co-operative Banks (c) Private Banks (d) Regional Rural Banks 8. In which country SBI has the maximum numbers of foreign offices? (a) U.S.A. (b) U.K. (c) Germany (d) Japan 9. In which current the payment of interest is effected in the case of FCNR accounts? (a) Indian Rupee (b) Only in Pound (c) Same currency in which deposit stands (d) Yen 10. What is Balance Sheet? (a) Statement of assets and liabilities on a particular date (b) Statement of profit and loss on a particular date (c) Position of cash balance (d) Statement of assets and liabilities for a particular year 11. How is the interest on the savings bank accounts compounded? (a) Monthly (b) Yearly (c) Quarterly (d) Half-yearly 12. In case of a joint savings bank account, the limitation of the number of persons is- (a) Two (b) Four (c) Five (d) No limit 13. From which sources does the Government of India drive maximum revenue? (a) Income tax (b) Customs (c) Sales tax (d) Excise duty 14. After how many days does a cheque become stale? (a) 2 months (b) 3 months (c) 6 months (d) 12 months 15. What is the minimum period to hire a locker in banks? (a) 1 week (b) 3 months (c) 6 months (d) 12 months 16. What is Gift Cheque? (a) A negotiable instrument (b) An order instrument (c) Simple receipt (d) A quasi-negotiable instrument 17. Who has issued Master shares? (a) RBI (b) SBI (c) UTI (d) LIC 18. What is the limit for a currency transfer? (a) 10 lakhs (b) 25 lakhs (c) 1 crore (d) no limit 19. The minimum period of medium and long-term loans is- (a) 12 months (b) 18 months (c) 24 months (d) 36 months 20. Which of the following bank does not belong to State Bank Group? (a) State Bank of Indore (b) Banaras State Bank (c) State Bank of Bikaner and Jaipur (d) State Bank of Patiala 21. From a banker’s point of view, which is the most risky charge? (a) Pledge (b) Hypothecation (c) Mortgage (d) Lien 22. What is the safest form of crossing? (a) Account payee crossing (b) General crossing (c) Special crossing (d) Double crossing 23. A cheque which is not crossed is known as- (a) Open cheque (b) Bearer cheque (c) Uncrossed cheque (d) Order cheque 24. On which of the following the banker has a lien? (a) Bonds given for collection (b) Bonds given for safe custody (c) Bonds left by mistake (d) (a) and (b) together 25. To open a Home Loan Account the minimum amount of contribution is- (a) Rs. 5 (b) Rs. 10 (c) Rs. 20 (d) Rs. 30 26. Under which of the following Regional Rural Banks (RRB) are classified? (a) Land Developments Banks (b) Co-operative Banks (c) Commercial Banks (d) Public Sector Banks 27. When were the Regional Rural Banks (RRBs) set up? (a) January 1, 1975 (b) March 11, 1975 (c) April 1, 1975 (d) October 2, 1975 28. On which of the following EXIM Bank concentrate? (a) Medium-term financing (b) Short-term financing (c) Short and medium-term financing (d) Short and long-term financing 29. Who refinances the loans granted by SFC? (a) IDBI (b) SIDBI (c) RBI (d) both (a) and (b) 30. When was the Industrial Finance Corporation of India set up? (a) March 1948 (b) April 1948 (c) July 1948 (d) October 1948 Answers: a>d>d>a>c>c>b>b >c>a>d>d>d>c>c>c>c>d>b>b>b>a>a >a>d>d>d>a>d>c
Posted on: Sun, 23 Nov 2014 17:50:37 +0000
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