Important Banking Awareness Questions for RBI Assistant

Important Banking Awareness Questions for RBI Assistant

Q.1. International Seafarers Welfare and Assistance Network (ISWAN) is in ________.

Ans: Britain

Q.2. Recently Matt Prior has announced his retirement. He is a _______.

Ans: cricketer 

Q.3. Recently Vedanta Ltd. announced to absorb which of the following oil firms?

Ans: Cairn India 

Q.4. According to the global financial services major, Citigroup's report India's GDP growth is likely to revive to___________ in 2015.

Ans: 7.9 percent 

Q.5. Recently creator of world famous Rock Garden ______ passed away.

Ans: Nek Chand 

Q.6. Who won gold in 85kg category of the Free Style event in Asian Cadet Wrestling Championship?

Ans: Arun Kumar 

Q7. Recently Indian-origin US Surgeon __________ received the Pride of the Community Award by

Ans: Vivek Murthy 

Q.8. Who has topped the list of top-50 Highest Rated CEOs in 2015 by career website Glassdoor?

Ans: Larry Page 

Q.9. Recently a mobile app named Payzapp has been launched by which bank?

Ans: HDFC Bank 

Q.10. Recently Indian para-athlete ________ has been selected as one of the Queen's Young Leaders Award winners from across all the Commonwealth Nations.

Ans: Devika Malik

Q.11. Recently China lowered its full-year GDP growth forecast to ______from the previous estimate of 7.1 percent.

Ans: 7 percent 

Q.12. Recently _______ has become the sixth-largest mining company in the world in terms of market capitalization.

Ans: Coal India Limited 

Q.13. Recently ADB announced to give _________ loan assistance to the West Bengal Government for developing the 231-km long North-South corridor in the State.

Ans: 3,200 crore rupees

Q.14. Recently how many agreements were signed at the 3rd China-South Asia Expo?

Ans: 300

Q.15. According to Paris-based think tank OECD which economy showed the "strongest growth" in the first quarter of 2015?

Ans: India 

Q.16. Recently Sheila Kaul passed away. She was the former Governor of which state?

Ans: Himachal Pradesh

Q.17. Who took over as India's new Cabinet Secretary?

Ans: Pradeep Kumar Sinha

Q.18. Recently how many people have been selected for Sangeet Akademi Fellowships-2014?

Ans: 4

Q.19. Recently FDI inflows into the services sector grew to __________ in 2014-15.

Ans: 3.2 billion dollars

Q.20. Recently which Indian cricketer has attained ninth place in the all-time highest Test wicket-taker's list?

Ans: Harbhajan Singh

Q.21. Name the England's bowler who has been honoured by Queen Elizabeth II with Officer of the Most Excellent Order of the British Empire (OBE)?

Ans: James Anderson 

Q.22. Recently who has been appointed as Director of Indian Statistical Institute (ISI)?

Ans: Prof Sanghmitra Bandyopadhayay 

Q.23. As per recently released report by British Petroleum (BP) Energy Company which of the following has become the world’s largest oil producer in 2014?

Ans: United States 

Q.24. Recently who has been re-elected the President of the Tamil Nadu Cricket Association (TCA)?

Ans: N. Srinivasan 

Q.25. Recently _____chief executive Dick Costolo announced to resign from his post.

Ans: Twitter 

Q.26. Recently with which of the following All India Football Federation (AIFF) signed an agreement to participate closely in the development of Football?

Ans: Sports Authority of India 

Q.27. Recently ________ gave permission to Non-Resident Indians (NRIs) to invest in regulated chit funds in India.

Ans: RBI 

Q.28. Recently which country has decided to end its local currency?

Ans: Zimbabwe 

Q.29. Recently Chandu Mhatre passed away. He was a _________.

Ans: photojournalist

Important Banking Awareness Questions for RBI Assistant Exam 2015

Important Banking Awareness Questions for RBI Assistant Exam 2015

Q.1.  Who has been named as San Francisco Global Movie Fest's Lifetime Achievement Award winner?

Ans: Bappi Lahiri 

Q.2. Name the only Indian sportsman who is among Forbes magazine's 100 highest-paid athletes list.

Ans: Mahendra Singh Dhoni 

Q.3. Recently how many African countries have signed a historic Tripartite Free Trade Area (TFTA) deal?

Ans: 26 

Q.4. Recently Pakistan and ____________ signed an agreement for construction of six patrol vessels for the Pakistan Maritime Security Agency (PMSA).

Ans: China 

Q.5. Who has been named as Delhi government’s new law minister?

Ans: Kapil Mishra 

Q.6. Expand BBIN.

Ans: Bangladesh, Bhutan, India and Nepal 

Q.7. According to World Bank GEP report which country for the first time is leading the World Bank's growth chart of major economies?

Ans: India

Q.8. With which bank Kochi Metro Rail Limited (KMRL) signed an agreement to gain substantially from the Automated Fare Collection (AFC) system?

Ans: Axis Bank 

Q.9. Who is the new Director of CSIR-Indian Institute of Chemical Technology (IICT)?

Ans: Dr. Srivari Chandrasekhar 

Q.10. What is the rank of Indian Institute of Science, Bangalore in the Times Higher Education Asia University Ranking 2015 released recently?

Ans: 37th

Banking Awareness Questions for Banking Exam

Q.1. What is the position of India globally in terms of hiring outlook of companies?

Ans: Second

Q.2. Recently who has been appointed as Asian Development Bank's Vice-President for Private Sector and Co-financing Operations? 

Ans: Diwakar Gupta 

Q.3. Who has been entrusted with the additional charge of the MD & CEO of Bank of Baroda?

Ans: Ranjan Dhawan

Q.4. Who has been appointed as the new chief of National Security Guard (NSG)? 

Ans: R.C. Tayal 

Q.5. Recently India has imposed anti-dumping duty for some industrial-grade stainless steel imported from China, Malaysia and __________. 

Ans: South Korea 

Q.6. Recently who has been appointed as Executive Director of the United Nations Institute for Training and Research (UNITAR)? 

Ans: Nikhil Seth 

Q.7. US President Barack Obama nominated Syria envoy Daniel Rubinstein as the next ambassador to _________. 

Ans: Tunisia 

Q.8. Recently who has won 2015 Union of European Football Associations (UEFA) Champions League trophy? 

Ans: Barcelona FC 

Q.9. Recently ___________and BPDB signed a MoU to set up two coal-fired plants with a total capacity of 1,600 MW in Bangladesh. 

Ans: Adani Power 

Q.10. Recently Dr. Mahesh Neelkanth Buch, widely regarded as the architect of modern Bhopal, passed away. He was a/an ___________. 

Ans: Bureaucrat

Q.11. According to World Bank report which of the following is not among the top five emerging economies for highest investment commitments in private sector and infrastructure sectors in 2014?

Ans: China

Q.12. Recently which district of Uttar Pradesh has been included in National Capital Region (NCR)?

Ans: Muzaffarnagar

Q.13. Recently who has been appointed as non-executive chairman of ICICI Bank?

Ans: M.K. Sharma

Q.14. With which bank the Indian Army inked an agreement for defence salary package?

Ans: Punjab National Bank

Q.15. Who has been appointed as India's new Chief Information Commissioner (CIC)? 

Ans: Vijay Sharma 

Q.16. Which of the following has been named 2015 Best Outsourcing Thought Leadership Awards (BOTL) winner?

Ans: Wipro Ltd.

Q.17. Expand SDR Scheme launched by RBI recently. 

Ans: Strategic Debt Restructuring Scheme 

Q.18. What is the new name of EPFO Bhavishya Nidhi Adalat?

Ans: Nidhi Aapke Nikat

Q.19. Which space agency was honoured with Space Pioneer award for the year 2015?

Ans: ISRO

Q.20. How many medals were won by India in the 7th International Junior Shotgun Cup held in Orimattila, Finland?

Ans: Four

Banking Awareness Quiz - 1

Q.1. Recently how many new bus services were launched jointly by Prime Ministers of India and Bangladesh? 

Ans: Two 

Q.2. Who has been appointed as the head of newly formed eight-member committee to review the Companies Act, 2013? 

Ans: Anjuly Chib Duggal 

Q.3. Who won the 2015 Baileys Women's Prize for Fiction? 

Ans: Ali Smith

Q.4. Recently who won French Open Tennis Grand Slam men’s singles title? 

Ans: Stanislas Wawrinka 

Q.5.  Recently how many agreements have been signed between India and Bangladesh? 

Ans: 22 

Q.6. Recently India announced a fresh ________ line of credit for Bangladesh. 

Ans: $2 billion 

Q.7. Which of the following has been the top source of FDI into India in 2014-15? 

Ans: Mauritius 

Q.8. Recently India-born ________resigned as the Co-CEO of Germany's biggest bank, Deutsche Bank. 

Ans: Anshu Jain 

Q.9. How many Indo-Canadians have been honoured with 'ICCC Annual Awards 2015' in Canada? 

Ans: 11 

Q.10. Who has been appointed as new Chairman of Walmart Stores Inc? 

Ans: Greg Penner 

Q.11. Recently who won French Open Tennis Grand Slam women’s singles title? 

Ans: Serena Williams 

Banking Awareness Questions - 2

1. Which among the following is the first universal bank of India?

• 1) HDFC 
• 2) Axis Bank 
• 3) ICICI 
• 4) Federal Bank 
• 5) None of these

Ans: (3)

2. Which of the following is not classified as a commercial Bank ?

• 1) Regional Rural Bank 
• 2) Private Sector Bank 
• 3) Foreign Bank 
• 4) Co-operative Bank 
• 5) None of these

Ans: (4)

3. The securities that the Banks purchase with the intention of keeping them till they mature, fall in which of the following categories ?

• 1) Held till maturity 
• 2) Fixed securities
• 3) Fixed time securities 
• 4) Permanent securities 
• 5) None of these

Ans: (1)

4. Free shares of stock given to share holders at present, based upon the number of shares that a share holder owns are:-

• 1) Right issues 
• 2) Bonus shares 
• 3) IPO 
• 4) Preferential shares 
• 5) None of these

Ans: (2)

5. Budget is an instrument of -

• 1) Commercial policy of the government 
• 2) Fiscal policy of the Government
• 3) Monetary policy of the government 
• 4) Money-saving policy of the government 
• 5) None of these

Ans: (2)

6. A debit card holder cannot perform which of the following functions?

• 1) Make Point of Sale (POS) purchase 
• 2) Recharge pre-paid mobile phones
• 3) Pay Life insurance premium 
• 4) Make donation
• 5) None of the above

Ans: (5)

7. Which of the following is the best option to park money for a long period of time to earn a high rate of interest?

• 1) Savings account 
• 2) Current account 
• 3) Deposit account 
• 4) Recurring account 
• 5) None of these

Ans: (3)

8. CRR refers to the share of _____ that rural banks have to maintain with RBI of their net demand and time liabilities ?

• 1) Liquid cash 
• 2) Gold 
• 3) Forex reserves 
• 4) Illiquid cash 
• 5) None of these

Ans: (1)

9. Credit risk to the bank is high from which of these card ?

• 1) ATM cards 
• 2) Debit cards 
• 3) Credit cards 
• 4) All of these 
• 5) None of these

Ans: (3)

10. Mortgage is a -

• 1) Security on immovable property for a loan given by a bank
• 2) Security on movable property for a loan given by a bank
• 3) Security on immovable property for a deposit received by a bank
• 4) Concession on immovable property for a loan given by a bank
• 5) None of these

Ans: (1)

Banking Awareness Questions - 1

1. Which is the first bank to get ISO certificate?

• 1) Corporation Bank
• 2) UBI
• 3) Canara Bank
• 4) Syndicate Bank
• 5) ICICI

Ans: (3)

2. Which bank bagged the Core Banking System Initiative Award for the year 2014 at the Asian Banking and Finance - Retail Banking Awards 2014?

• 1) SBI
• 2) ICICI Bank
• 3) Bharathiya Mahila Bank
• 4) Standard Bank
• 5) None of these

Ans: (3)

3. In the IBA Banking Technology Awards 2014, Best Financial Inclusion Initiative award among Public Sector bank conferred on ..............

• 1) SBI
• 2) Corporation Bank
• 3) Andhra Bank
• 4) Bank of Baroda
• 5) IOB

Ans: (4)

4. Which bank has launched the country's first contactless debit and credit cards on 7 January 2015?

• 1) HDFC
• 2) SBI
• 3) ICICI
• 4) Union Bank of India
• 5) Yes Bank

Ans: (3)

5. On 7 May 2015, RBI said with effect from September 1, 2015 all new cards issued - debit and credit, domestic and international - by banks shall be EMV chip and pin based cards. EMV stands for ................

• 1) Europay, Mastro and Visa.
• 2) Euro, Master Card and Visa.
• 3) Europay, Master Card and Visulas.
• 4) Entitlement of Master Card and Visa.
• 5) Europay, Master Card and Visa.

Ans: (5)

6. If the customer can do all transactions only in a branch and the branch has no online access, it is called .............

• 1) Online Banking
• 2) Internet Banking
• 3) Virtual Banking
• 4) Brick and Mortar Banking
• 5) None of these

Ans: (4)

7. Kisan Credit Card (KCC) scheme introduced in .................. has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle - free manner.

• 1) 1998
• 2) 2000
• 3) 2001
• 4) 1991
• 5) 2004

Ans: (1)

8. To make KCC a Smart Card cum Debit Card, Government of India had constituted a Working Group under the Chairmanship of ..................

• 1) C. Ranga Rajan
• 2) Chanda Kocchar
• 3) Arundhathi Bhattacharya
• 4) D. Subba Rao
• 5) T.M. Bhasin

Ans: (5)

9. In 2014, Competition Commission of India probed the merger between regional rural banks sponsored by Punjab National Bank and ................

• 1) Andhra Bank
• 2) Union Bank of India
• 3) State Bank of India
• 4) Syndicate Bank
• 5) None of these

Ans: (4)

10. A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. The loan backed only by promise to repay, and for this reason the personal loan also called...........

• 1) Signature loans
• 2) Secured loans
• 3) Priority sector loan
• 4) Transfer loan
• 5) None of these

Ans: (1)

11. AMFI is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in the industry. AMFI stands for ...............

• 1) Association of Mutual Funds in India
• 2) Authority of Mutual Funds in India
• 3) Amalgamation of Mutual Funds in India
• 4) Association of Mutual Finance in India
• 5) None of these

Ans: (1)

12. Providing Gas subsidy, government pensions, providing scholarships etc through banks called as ...............

• 1) Social Banking
• 2) Area Banking
• 3) Royal Banking
• 4) Visual Banking
• 5) None of these

Ans: (1)

13. As a part of financial inclusion, Bank on Wheels is a banking kiosk in a mobile van which goes to various rural villages as per the predetermined schedule to provide the banking services to the rural Indians. This Vehicle Tracking through GPRS. GPRS stands for .............

• 1) General Packet Radio Service
• 2) General Packet Running Service
• 3) Gross Packet Radio Service
• 4) Gain Packet Radio Service
• 5) General Packet Radio Store

Ans: (1)

14. A collection of investment tools such as stocks, shares, mutual funds, bonds, cash and so on depending on the investor's income, budget and convenient time frame. The art of selecting the right investment policy for the individuals in terms of minimum risk and maximum return is called as .........

• 1) Portfolio management
• 2) Credit creation
• 3) Amortized management
• 4) Zero account
• 5) None of these

Ans: (1)

15. Which of the following banking does not come under Social Banking?

• 1) Crediting the LPG subsidy in the beneficiary bank account
• 2) Offering Jan Dhan Scheme accounts
• 3) Allowing students to credit their scholarships through No-frill accounts
• 4) Allowing the subsidy loan to disadvantage sections of the society
• 5) All of the above banking operations come under social banking

Ans: (3)

SBI & IBPS : Banking Awareness Questions

1. Which of the following is not a primary function of a Bank?  

• (A) Granting Loans 
• (B) Collecting Cheques/Drafts customers 
• (C) Facilitating import of goods 
• (D) Issuing Bank Drafts 
• (E) Selling Gold/Silver Coins 

Ans: (C) 

2. Assume that Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact?  

• (A) Less liquidity in the market 
• (B) More liquidity in the market 
• (C) No change in the liquidity in the market 
• (D) Mobilization of more deposits by commercial-banks 
• (E) None of these 

Ans: (B) 

3. Many times we read the term ‘ECB’ in newspapers. What is the full form of ‘ECB’ ?  

• (A) Essential Commercial Banking 
• (B) European Credit Borrowing 
• (C) External Credit For Business 
• (D) External Commercial Borrowing 
• (E) None of these 

Ans: (D) 

4. Monetary Policy as an arm of the economic policy is administered by–  

• (A) Government of India 
• (B) Reserve Bank of India 
• (C) State Bank of India 
• (D) Governments of the respective states 
• (E) None of these 

Ans: (B) 

5. The Banking Ombudsman–  

• (A) is in charge of bank loans for buses 
• (B) fixes the rates of interest for loans 
• (C) resolves complaints of customers 
• (D) issues licences for new bank branches 
• (E) is the head of all nationalised banks 

Ans: (C) 

6. Reserves which can act as a liquidity buffer for commercial banks during crisis times are–  

• (A) CAR 
• (B) CRR 
• (C) CAR and CRR 
• (D) CRR and SLR 
• (E) SLR 

Ans: (E) 

7. For repayment of loan availed from Banks NBFC we come across a term known as EMI what does it stand for?  

• (A) Equated Money Index 
• (B) Easy Money Installment 
• (C) Equated Monthly Installment 
• (D) Equal Monthly Installment 
• (E) Equal Minimum Installment 

Ans: (C) 

8. Many a times we read in the news paper about CASA deposits of banks. CASA deposits are.  

• (A) Demand deposits 
• (B) Term deposits 
• (C) Hybrid deposits 
• (D) Recurring deposits 
• (E) Special schemes of banks 

Ans: (A) 

9. While investing in mutual funds we come across a term called NAV. What is the meaning of NAV?  

• (A) Net Annual Value 
• (B) Non Asset Value 
• (C) Net Actual Value 
• (D) Net Asset Value 
• (E) Net Average Value 

Ans: (D) 

10. Which of the following is NOT classified as a commercial bank?  

• (A) Public sector bank 
• (B) Foreign bank 
• (C) Private sector bank 
• (D) Regional rural bank 
• (E) Urban cooperative bank 

Ans: (E) 

11. Whose signature is found on a 50 rupee currency note in India?

• (A) President of India 
• (B) Governor, RBI 
• (C) Finance Minister 
• (D) Prime Minister of India 
• (E) Secretary, Ministry of Finance 

Ans: (B) 

12. Which of the following institutions is involved mainly in granting Housing Loans?  

• (A) RBI 
• (B) SBI 
• (C) IBA 
• (D) ICICI 
• (E) HDFC 

Ans: (E) 

13. Which of the following terms is not related to banking?  

• (A) Repayment 
• (B) Loan 
• (C) NPA 
• (D) Fasting 
• (E) Deposit 

Ans: (D)

14. Almost all banks in our country have introduced facility for granting crop loans to farmers. 

• (A) Term Loans 
• (B) Kisan Credit Cards 
• (C) Bank Guarantee 
• (D) Foreign Exchange 
• (E) Reverse Mortgage 

Ans: (B) 

15. Which of the following is not the name of a Banking Organisation?  

• (A) HDFC 
• (B) IDBI 
• (C) YES 
• (D) SEBI 
• (E) ICICI 

Ans: (D)