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IBPS RRB Banking Awareness Day 2

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IBPS RRB Banking Awareness Day 2

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Banking Awareness is an important section in the employment-related competitive exams in India. In particular, exams like IBPS, SBI and other bank related employment exams have banking awareness questions along with general awareness section. The Banking Awareness section primarily has questions related to the History of Banking, Banking Terms, Banking Products, Functions of Banks, Banks and their Taglines, Schemes, Committees related to Banking, Headquarters of Banks, most recent Banking News, Apps launched by Banks, New Schemes, Monetary Policies etc.
IBPS RRB Banking Awareness Day 2 article provides the list of several bank related questions to prepare aspirants of different competitive exams in India, primarily for banking related employment. The article IBPS RRB Banking Awareness Day 2 is very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS RRB, Railways, Civil Services etc.

shape Quiz

1. When was the Public Debt Act passed ?
    A. 1935 B. 1942 C. 1944 D. 1947

Answer: Option C
2. Which of these states are not served by RBI as its banker?
    A. Goa B. Assam C. Sikkim D. Arunachal Pradesh

Answer: Option C
3. How much money is the Central Government required to maintain as minimum cash balance with RBI on a daily basis?
    A. Rs 50 crore B. Rs 10 crore C. Rs 1 crore D. Rs 1000 crore

Answer: Option B
4. Which Union Budget had first proposed the setting up of PDMA?
    A. Budget 2011-12 B. Budget 2012-13 C. Budget 2013-14 D. Budget 2014-15

Answer: Option A
5. Where is Central Accounts Section of Reserve Bank of India located?
    A. Nagpur B. Pune C. Mumbai D. Aurangabad

Answer: Option A
1. When was the Government Securities Act passed?
    A. 2002 B. 1999 C. 2005 D. 2006

Answer: Option D
2. Which of these banks are authorised to act as the agent of RBI?
    A. Bank of Baroda B. Punjab National Bank C. State Bank of India D. All of the above

Answer: Option D
3. What is the purpose of Ways and Means Advances scheme?
    A. to give insurance to the large corporates for their investment in abroad projects B. to handle the mismatch between cash flow of the receipts and payments of the State Governments C. to promote export oriented projects by giving interest free credit D. None of the above

Answer: Option B
4. Under which section of the RBI Act 1934 the Ways and Means Advances is provided?
    A. Section 3(15) B. Section 6(3) C. Section 21 D. Section 17(5)

Answer: Option D
5. What is the duration for which RBI makes the WMA to the state governments?
    A. 30 days B. 60 days C. 90 days D. 180 day

Answer: Option C
1. What is the minimum limit of CRR that can be set by the RBI?
    A. No Limit B. 12% C. 15% D. 20%

Answer: Option A
2. When was the RBI Act amended to establish the Monetary Policy Committee?
    A. 2014 B. 2015 C. 2016 D. 2017

Answer: Option C
3. Where is the current account of all other banks are maintained?
    A. Finance Ministry B. RBI C. State Bank of India D. World Bank

Answer: Option B
4. Which of these facilities is given by RBI to the banks for inter-bank transactions?
    A. RTGS B. SWIFT C. M-PESA D. All of the above

Answer: Option A
5. Which of the following functions are performed by RBI as a banker of banks?
    A. settlements of inter-bank transactions B. enables banks to maintain their accounts with RBI for statutory reserve requirements C. acts as the lender of last resort D. All of the above

Answer: Option D

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