IBPS RRB Banking GK Questions 2019 Banking Awareness for Office Assistant & Officer Scale

IBPS RRB Banking GK Questions 2019 – Check out IBPS RRB last year banking awareness asked questions in both office assistant & officer scale examination 2019. RRB pre & mains examination will conduct in November 2019

IBPS RRB Banking GK Questions 2019 Banking Awareness for Office Assistant & Officer Scale –

IBPS has conducted Officer Scale examination & will be conducting RRB office assistant exam from 20 September 2019. There will be five section in online examination i.e. mathematics, GA, Reasoning, Computer and Hindi/English. GA can be divided into General Knowledge (Current) & banking GK. 
IBPS RRB Banking GK Questions
IBPS RRB Banking GK Questions
 
We are sharing some banking GK questions. You can try to answer these questions and comment here. Our team will be published answer on tomorrow. 

Banking GK Questions For RRB Exams

Which of the following is/are associated with the fiscal policy? 1. Marginal Standing Facility 2. Devaluation of Currency 3. Market Stabilization Scheme

  • 2 & 3
  • Only 2
  • 1 & 2
  • Only 3      
What is understood by Fiduciary Issue of currency?
  • The issue of currency notes with partial gold or silver deposits
  • The issue of currency notes with comparative gold or silver deposits
  • The issue of currency notes without keeping gold or silver as deposit
  • The issue of currency notes keeping gold or silver as deposit
_____________is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets.
  • Statutory Reserve Ratio       
  • Cash Ratio
  • Statutory Liquidity Ratio (SLR)  
  • Cash Reserve Ratio (CRR)
The exchange rate in India is dependent upon: 1. Government policy 2. Demand-supply forces 3. Monetary policy objectives
  • 1 & 2
  • 1, 2 & 3
  • Only 2      
  • 2 & 3
Collateralized Borrowing and Lending Obligation (CBLO) is a/an ________.
  • Type of Risk Cover     
  • Stock Market Instrument
  • Money Market Instrument    
  • Instrument of Monetary Policy
Often, we read in newspapers that the RBI has changed the Repo rate and the Reverse Repo rate by a few basis points. What is a basis point?
  • One tenth of 1%
  • Ten % of 100
  • Ten % of one hundredth point  
  • One hundredth of 1%
Banks generally don’t pay interest on money deposited in which of the following accounts?
  • Fixed deposit account  
  • None of these
  • Savings account 
  • Current account

 IBPS RRB Office Assistant September Exam Imp Questions Banking GK

‘Fiat Money’ is defined as the money which is
  • Issued by keeping gold or silver as deposit
  • Decreed as money by the government
  • Accepted internationally
  • Accepted temporarily in lieu of gold
Demand-pull inflation can be caused by which of the following?
  • A steep decline in income tax
  • An increase in direct taxation
  • A decline in consumption expenditure
  • A sharp increase in lending rates
When RBI sells government securities, its result is that
  • The liquidity in the banking system gets diminished
  • None of the above
  • The liquidity in the banking system increases
  • The liquidity in the banking system remains unchanged
It has been made mandatory for NBFCs to get themselves registered with …… before July 8, 1997.
  • Ministry of Finance      
  • CBDT
  • RBI  
  • SEBI

IBPS RRB Officer Scale Banking GK Questions 

Which of the following is not an instrument in the hands of the RBI to check inflation in our country?
  • Bank Rate (BR)  
  • Cash Reserve Ratio (CRR)
  • Open Market Operations (OMO)  
  • Special Drawing Rights (SDR)
In India, which among the following is/are a part of Legal Tender Money?
  • Both currency notes and SDRs
  • Only currency notes issued by RBI
  • Both coins and currency notes
  • Both coins and bank drafts
__________has become the first state in India to launch RBI’s e- payment system for commercial tax payers.
  • Karnataka  
  • Maharashtra
  • Goa  
  • Kerala      
In which among the following types occurs the Interest Rate Risk?
  • Operational risk  
  • All the above
  • Credit risk 
  • Market risk
Which among the following is true regarding Forex (Foreign Exchange) markets?
  • Foreign exchange markets are dynamic and round-the-clock markets
  • Foreign exchange markets are used only for business transactions
  • Foreign exchange markets are a type of localized markets
  • Foreign exchange markets operate within the time zone of region
Securities Trading Corporation of India Limited (STCI) has been promoted ointly by __________and Public sector Banks.
  • SIDBI  
  • ICICI Ltd
  • SEBI  
  • RBI  
‘Swabhiman’, is the financial inclusion scheme, comes under the purview of which ministry?
  • Ministry of Finance
  • Ministry of External Affairs
  • Ministry of Commerce
  • Ministry of Home Affairs
When RBI was established ?
  • April 1, 1945      
  • April 1, 1955
  • April 1, 1925   
  • April 1, 1935

Multiple Choice Banking GK Questions

One-rupee note bears the signature of which ?
  • Finance Secretary      
  • Finance Minister
  • RBI Governor     
  • Deputy Governor
What does ‘T’ in RTGS stand for?
  • Tax  
  • Time
  • Transaction  
  • Transfer  
IFSC code stands for ? In banking
  • International Forex System Code
  • Indian Financial System Code
  • International Format System Code
  • Indian Function System Code
Which of the following organizations is the Mutual Fund Market regulator?
  • CIBIL  
  • CRISIL
  • AMFI   
  • SEBI 
Which of the following statements is incorrect regarding RTGS system?
  • The minimum amount that can be remitted is Rs. 2 lakh
  • Service charges for RTGS transactions vary from one bank to another
  • The transactions take place in real time
  • The system operates on DNS (Deferred Net Settlement) basis

IBPS RRB Officer Scale 1, 2, 3 Banking Awareness Questions

Banks have recently launched a service through which money can be transferred using mobile phones. This service is known as
  • IMPS (Inter Bank Mobile Payment Service)
  • IBMPS (Internet Banking Mobile Payment Service)
  • MMTF (Mobile Money Transfer Facility)
  • MTMT (Mobile To Mobile Transfer)
Which among the following statements is incorrect in the context of IMPS?
  • Both the sender and the receiver must have an account in the same bank
  • Both the customers must have an MMID (Mobile Money Identifier Number) number
  • It’s a mobile-to-mobile fund transfer facility
  • For this facility we need a GPS-enabled mobile phone
Which is the organization that maintains the borrower’s history in India.
  • CARE  
  • RBI
  • CRISIL  
  • CIBIL  
Which of the following statement is incorrect about SEBI?
  • SEBI also regulates the credit rating agencies in India
  • None of them is wrong
  • SEBI is a capital market regulator
  • SEBI is the mutual fund regulator
What does liquidity mean?
  • It means how cash is converted into SDR (Special Drawing Rights)
  • It means how uncertain the money market conditions are
  • It means how cash is converted into gold
  • It means how cheaply and quickly an asset is converted into cash
What does the term Open Market Operations refer to?
  • Buying and selling of government securities in the open market
  • Buying and selling of products in the wholesale market
  • Selling of equities in the open market
  • Selling of commodities in the open market
Under which act does RBI issue directives to banks?
  • DICGC Act, 1961 
  • Banking Regulation Act, 1949
  • PMLA Act, 2002  
  • RBI Act, 1934

 Officer Scale Multiple Choice Banking GK

Which committee recommended the change in the base year of the Wholesale Price Index?
  • Srikrishna committee  
  • Abhijit Sen committee
  • Narsimhan committee  
  • Vijay Kelkar committee
With which among the following countries has India signed a Comprehensive Economic Partnership Agreement (CEPA)?
  • Malaysia  
  • France
  • Japan       
  • Singapore
What does FSDC stand for?
  • Fiscal Security and Development Council
  • Fiscal Stability and Development Council
  • Financial Security and Development Council
  • Financial Stability and Development Council
Which state in India has declared the first ‘total banking state’ successfully implementing the total financial inclusion thereby ensuring banking facility to all households.
  • Himachal Pradesh       
  • Uttarakhand
  • Maharashtra      
  • Kerala
Since April 1, 2019__________has become the validity of cheques and bank drafts.
  • 4 months  
  • 6 months
  • 2 months  
  • 3 months  
On what basis is Ad Valorem Tax levied?
  • Imports  
  • Exports
  • Volume  
  • Value 
RBI has introduced “Marginal Standing Facility” with the objective of:
  • Containing instability in the overnight inter-bank rates
  • All of the above
  • Controlling Inflation
  • Containing instability in long term inter-bank rates
RBI was nationalized in the year
  • 1955  
  • 1964
  • 1949 
  • 1952  
For obtaining which among the following does a customer not require a bank account?
  • A loan       
  • A cheque
  • A banker’s draft 
  • A credit card
RBI isn’t expected to perform the role of
  • Managing forex
  • Accepting deposits from general public
  • Acting as a clearing house
  • Working as a banker to the government
For paying which among the following will a bank standing order be suitable?
  • Grocery bills      
  • Mortgage repayments
  • Telephone bills  
  • Electricity bills
A bank draft can be defined as a/an
  • Direction to a banker to collect a customer’s debt
  • Instruction to dishonour a stop payment
  • Letter from commercial bank
  • Cheque drawn on the bank itself

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