IBPS RRB Banking Awareness Questions – Free MCQ

In all banking service examinations, financial awareness and banking awareness questions makes the students sweat a lot. It’s only because of the unfamiliar terms and rules in the financial industry. Once we started to read about them these terms and questions became so easy that anybody can crack them with so much ease. In order to make your financial awareness preparation more exam-oriented, we are listing some of the IBPS RRB banking awareness questions. All these questions are based on previous year papers. We will add more questions in the upcoming days to make sure that you score 100% in this particular session.

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IBPS RRB Banking Awareness Questions

Let’s have a quick look upon the Banking Awareness questions asked in both IBPS RRB Main examination and in the interview.

IBPS RRB Financial Awareness Questions: Interview

•  To which scheme World Bank has approved the credit worth Rs 6000 crore? 

Ans: Atal Bhujal Yojana (ABHY).

• With which company Vodafone will merge to make the largest mobile operator in India?

Ans: Idea Cellular 

• In which city in Rajasthan 1.5 lakh people gathered to perform yoga? 

Ans: Kota

•  Name the Military exercise recently in Rajasthan? 

Ans: Vijay Prahar 

•  Which bank has inaugurated ‘Livelihood and Water Security’ CSR initiative? 

Ans: Yes bank

• Which CM was conferred the ‘Chief Minister of the Year’ award for her remarkable work in e-governance?

 Ans: Vasundhara Raje, Rajasthan 

• What is the aim of Unnat Bharat Abhiyan? 

Ans: Higher Education Institutions with a rural village 

• Which Chinese bank allowed by RBI to open branches in India?

Ans: Bank of China

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IBPS RRB Financial Awareness Questions: Main Examination

• Which of the following institution is regarded as “Lender of the Last Resort” by banks in India?

1. World Bank
2. Department of Financial Services (DFS)
3. State Bank of India (SBI)
4. Reserve Bank of India

Ans: Reserve Bank of India

• What is the full form of FBIL?

1. Financial Bank of India Ltd.
2. Financial Benchmark India Pvt. Ltd.
3. Financial Bank of India Pvt. Ltd.
4. Financial Board of India Pvt. Ltd.

Ans: Financial Benchmark India Pvt. Ltd.

•  Which of the following is the slogan of Bank of Maharashtra?

1. A Tradition of Trust
2. Where service is a way of life
3. Honours Your Trust
4. One Family One Bank

Ans: One Family One Bank

• Who among the following appoints the Banking Ombudsmen? 

1. State Bank of India
2. Bank Management Board
3. Reserve Bank of India
4. Supreme Court of India

Ans: Reserve Bank of India

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• When did the Reserve Bank Information Technology Private Limited (ReBIT) found?

1.  2013
2. 2014
3. 2015
4. 2016

Ans: 2016

• In the National Financial Switch service, the limit per transaction is restricted to less than _________.

1. Rs. 20000
2. Rs. 25000
3. Rs. 50000
4. Rs.10000

Ans: Rs. 50000

• The Legal Entity Identifier is a ______ digit code developed by the International Organization for Standardization.

1. 16-digit
2. 20-digit
3. 12-digit
4. 10-digit

Ans: 20- digit

• Which of the following accounts can be held in the form of current account only?

1.  EEFC Account
2. RFC Account
3. NRE Account
4. NRO Account

Ans: EEFC Account

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Banking Awareness Questions

• What is the Interest for the crop in PM Fasal Bima Yojana?

1. 1%
2. 1.5%
3. 2%
4. 2.5%

Answer: 1.5%

• If the credit balance in a savings account has not operated for ten years, the amount should be transferred to which fund?

1. Unpaid Contract Fund
2. Unclaimed Bank Deposit Fund
3. Inactive Deposit Fund
4. Depositor Education and Awareness Fund

Ans: Depositor Education and Awareness Fund

• The Banking Ombudsman may award compensation not exceeding _____ to the complainant for mental agony and harassment.

1. Rs. 2 lakh
2. Rs. 1 lakh
3. Rs. 50 Thousand
4. Rs. 75 Thousand

Ans: Rs. 1 lakh

• MIBID is used to be calculated every day by which of the following organizations?

1. National Stock Exchange
2. Shanghai Stock Exchange
3. Bombay Stock Exchange
4. New York Stock Exchange

Ans: National Stock Exchange

• The Government of India, the Government of Kerala and the __________ signed a Loan Agreement of USD 250 million for the First Resilient Kerala Program to enhance the State’s resilience against the impacts of natural disasters and climate change.

1. IMF
2. World Bank
3. ADB
4. BRICS Bank

Ans: World Bank

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• Which among the following offers buyers’ credit and line of credit to foreign governments and banks?

1. ECGC
2. EXIM Bank
3. NABARD
4. SIDBI

Ans: EXIM Bank

• Which among the following is responsible for ensuring that housing finance companies in India are operated on sound health and financial standard?

1. NABARD
2. SIDBI
3. National Housing Bank
4. IDBI Bank

Ans: National Housing Bank

• What happens to the purchasing power in case of an increase in inflation?

1.  Increases
2. Increases to a certain limit and then decreases
3. Decreases
4. Does not get affected

Ans: Decreases

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Banking Awareness Questions

• On what basis, the Index of Industrial Production is published by the Central Statistical Organization?

1. Monthly Basis
2. Yearly Basis
3. Quarterly Basis
4. Half-yearly Basis

Ans: Monthly Basis

• Under the DRI Scheme, the maximum amount can be provided by banks at a concessional rate to the weaker sections is ________.

1. Rs. 12000
2. Rs. 15000
3. Rs. 10000
4. Rs. 20000

Ans: Rs.15000

• What is the full form of the OLTAS?

1. Online Tax Accounting Server
2. Online Tax Accounting System
3. Offline Tax Accounting Service
4. Offline Tax Access Service

Ans: Online Tax Accounting System

• Which among the following is authorized by RBI to store rupee notes and coins?

1. Currency Bag
2. Coin Block
3. Currency Chest
4. Currency Reserve

Ans: Currency Chest

• Under which section of the Reserve Bank of India Act, 1934  the Ombudsman Scheme for Non-Banking Financial Companies has been introduced

1. Section 46 A
2. Section 45 L
3. Part II Section 45 A
4. Section 58 C

Ans: Section 45 L

IBPS RRB SCORECARD

• What does CDR stand for?

1. Credit Debt Restructuring
2. Corporate Debt Restructuring
3. Credit Debit Rescheduling
4. Cash-credit Debt Restructuring

Ans: Corporate Debt Restructuring

• Who fixed the interest rates on banks’ contribution to Rural Infrastructure Development Fund?

1. Ministry of Finance
2. NABARD
3. Ministry of Rural Development
4. Reserve Bank of India

Ans: Reserve Bank of India

• What does an account of a bank holds with another bank in a foreign country in the foreign currency is called?

1. NRO Account
2. NOSTRO Account
3. NRE Account
4. VOSTRO Account

Ans: NOSTRO Account

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