{"id":4162167,"date":"2020-06-21T17:31:58","date_gmt":"2020-06-21T12:01:58","guid":{"rendered":"https:\/\/entri.app\/blog\/?p=4162167"},"modified":"2020-06-21T19:39:50","modified_gmt":"2020-06-21T14:09:50","slug":"ibps-rrb-banking-awareness-questions","status":"publish","type":"post","link":"https:\/\/entri.app\/blog\/ibps-rrb-banking-awareness-questions\/","title":{"rendered":"IBPS RRB Banking Awareness Questions &#8211; Free MCQ"},"content":{"rendered":"<p>In all banking service examinations, financial awareness and banking awareness questions makes the students sweat a lot. It&#8217;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.<\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/entri.sng.link\/Bcofz\/zs5h\/qoap\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to attempt a free IBPS RRB 2020 Sectional Mock Tests\u00a0<\/a><\/strong><\/p>\n<h2><strong>IBPS RRB Banking Awareness Questions<\/strong><\/h2>\n<p>Let&#8217;s have a quick look upon the Banking Awareness questions asked in both IBPS RRB Main examination and in the interview.<\/p>\n<h3>IBPS RRB Financial Awareness Questions: Interview<\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0To which scheme World Bank has approved the credit worth Rs 6000 crore?\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ans: Atal Bhujal Yojana (ABHY).<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">With which company Vodafone will merge to make the largest mobile operator in India?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"> Ans: Idea Cellular\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In which city in Rajasthan 1.5 lakh people gathered to perform yoga?\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ans: Kota<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0Name the Military exercise recently in Rajasthan?\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ans: Vijay Prahar\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0Which bank has inaugurated &#8216;Livelihood and Water Security&#8217; CSR initiative?\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ans: Yes bank<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Which CM was conferred the \u2018Chief Minister of the Year\u2019 award for her remarkable work in e-governance?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u00a0Ans: Vasundhara Raje, Rajasthan\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the aim of Unnat Bharat Abhiyan?\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ans: Higher Education Institutions with a rural village\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Which Chinese bank allowed by RBI to open branches in India?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ans: Bank of China<\/span><\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/entri.sng.link\/Bcofz\/01un\/rwb0\" target=\"_blank\" rel=\"noopener noreferrer\">Attempt a free IBPS RRB Reasoning Mock Test<\/a><\/strong><\/p>\n<h3>IBPS RRB Financial Awareness Questions: Main Examination<\/h3>\n<ul>\n<li><span style=\"font-weight: 400;\">Which of the following institution is regarded as \u201cLender of the Last Resort\u201d by banks in India?<\/span><\/li>\n<\/ul>\n<ol>\n<li><span style=\"font-weight: 400;\">World Bank<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Department of Financial Services (DFS)<\/span><\/li>\n<li><span style=\"font-weight: 400;\">State Bank of India (SBI)<\/span><\/li>\n<li>Reserve Bank of India<\/li>\n<\/ol>\n<p>Ans: Reserve Bank of India<\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">What is the full form of FBIL?<\/span><\/li>\n<\/ul>\n<ol>\n<li>Financial Bank of India Ltd.<\/li>\n<li>Financial Benchmark India Pvt. Ltd.<\/li>\n<li><span style=\"font-weight: 400;\">Financial Bank of India Pvt. Ltd.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Financial Board of India Pvt. Ltd.<\/span><\/li>\n<\/ol>\n<p>Ans: Financial Benchmark India Pvt. Ltd.<\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">\u00a0Which of the following is the slogan of Bank of Maharashtra?<\/span><\/li>\n<\/ul>\n<ol>\n<li><b><\/b><span style=\"font-weight: 400;\">A Tradition of Trust<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Where service is a way of life<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Honours Your Trust<\/span><\/li>\n<li>One Family One Bank<\/li>\n<\/ol>\n<p>Ans: One Family One Bank<\/p>\n<ul>\n<li>Who among the following appoints the <span style=\"font-weight: 400;\">Banking Ombudsmen?\u00a0<\/span><\/li>\n<\/ul>\n<ol>\n<li>State Bank of India<\/li>\n<li>Bank Management Board<\/li>\n<li>Reserve Bank of India<\/li>\n<li>Supreme Court of India<\/li>\n<\/ol>\n<p>Ans: Reserve Bank of India<\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/entri.sng.link\/Bcofz\/zs5h\/qoap\" target=\"_blank\" rel=\"noopener noreferrer\">Attempt our Weekly Current Affairs Mock Tests\u00a0<\/a><\/strong><\/p>\n<ul>\n<li>When did the Reserve Bank Information Technology Private Limited (ReBIT) found?<\/li>\n<\/ul>\n<ol>\n<li>\u00a02013<\/li>\n<li>2014<\/li>\n<li>2015<\/li>\n<li>2016<\/li>\n<\/ol>\n<p>Ans: 2016<\/p>\n<ul>\n<li>In the National Financial Switch service, the limit per transaction is restricted to less than _________.<\/li>\n<\/ul>\n<ol>\n<li>Rs. 20000<\/li>\n<li>Rs. 25000<\/li>\n<li>Rs. 50000<\/li>\n<li>Rs.10000<\/li>\n<\/ol>\n<p>Ans: Rs. 50000<\/p>\n<ul>\n<li>The Legal Entity Identifier is a ______ digit code developed by the International Organization for Standardization.<\/li>\n<\/ul>\n<ol>\n<li>16-digit<\/li>\n<li>20-digit<\/li>\n<li>12-digit<\/li>\n<li>10-digit<\/li>\n<\/ol>\n<p>Ans: 20- digit<\/p>\n<ul>\n<li>Which of the following accounts can be held in the form of current account only?<\/li>\n<\/ul>\n<ol>\n<li>\u00a0EEFC Account<\/li>\n<li>RFC Account<\/li>\n<li>NRE Account<\/li>\n<li>NRO Account<\/li>\n<\/ol>\n<p>Ans: EEFC Account<\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/entri.sng.link\/Bcofz\/zs5h\/qoap\" target=\"_blank\" rel=\"noopener noreferrer\">Attempt our Full-length Mock Tests\u00a0<\/a><\/strong><\/p>\n<h3>Banking Awareness Questions<\/h3>\n<ul>\n<li>What is the Interest for the crop in PM Fasal Bima Yojana?<\/li>\n<\/ul>\n<ol>\n<li>1%<\/li>\n<li>1.5%<\/li>\n<li>2%<\/li>\n<li>2.5%<\/li>\n<\/ol>\n<p>Answer: 1.5%<\/p>\n<ul>\n<li>If the credit balance in a savings account has not operated for ten years, the amount should be transferred to which fund?<\/li>\n<\/ul>\n<ol>\n<li>Unpaid Contract Fund<\/li>\n<li>Unclaimed Bank Deposit Fund<\/li>\n<li>Inactive Deposit Fund<\/li>\n<li>Depositor Education and Awareness Fund<\/li>\n<\/ol>\n<p>Ans: Depositor Education and Awareness Fund<\/p>\n<ul>\n<li>The Banking Ombudsman\u00a0may award compensation not exceeding _____ to the complainant for mental agony and harassment.<\/li>\n<\/ul>\n<ol>\n<li>Rs. 2 lakh<\/li>\n<li>Rs. 1 lakh<\/li>\n<li>Rs. 50 Thousand<\/li>\n<li>Rs. 75 Thousand<\/li>\n<\/ol>\n<p>Ans: Rs. 1 lakh<\/p>\n<ul>\n<li>MIBID is used to be calculated every day by which of the following organizations?<\/li>\n<\/ul>\n<ol>\n<li>National Stock Exchange<\/li>\n<li>Shanghai Stock Exchange<\/li>\n<li>Bombay Stock Exchange<\/li>\n<li>New York Stock Exchange<\/li>\n<\/ol>\n<p>Ans: National Stock Exchange<\/p>\n<ul>\n<li>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\u2019s resilience against the impacts of natural disasters and climate change.<\/li>\n<\/ul>\n<ol>\n<li>IMF<\/li>\n<li>World Bank<\/li>\n<li>ADB<\/li>\n<li>BRICS Bank<\/li>\n<\/ol>\n<p>Ans: World Bank<\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/entri.sng.link\/Bcofz\/01un\/rwb0\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to attempt a free IBPS mock tests<\/a><\/strong><\/p>\n<ul>\n<li>Which among the following offers buyers\u2019 credit and line of credit to foreign governments and banks?<\/li>\n<\/ul>\n<ol>\n<li>ECGC<\/li>\n<li>EXIM Bank<\/li>\n<li>NABARD<\/li>\n<li>SIDBI<\/li>\n<\/ol>\n<p>Ans: EXIM Bank<\/p>\n<ul>\n<li>Which among the following is responsible for ensuring that housing finance companies in India are operated on sound health and financial standard?<\/li>\n<\/ul>\n<ol>\n<li>NABARD<\/li>\n<li>SIDBI<\/li>\n<li>National Housing Bank<\/li>\n<li>IDBI Bank<\/li>\n<\/ol>\n<p>Ans: National Housing Bank<\/p>\n<ul>\n<li>What happens to the purchasing power in case of an increase in inflation?<\/li>\n<\/ul>\n<ol>\n<li>\u00a0Increases<\/li>\n<li>Increases to a certain limit and then decreases<\/li>\n<li>Decreases<\/li>\n<li>Does not get affected<\/li>\n<\/ol>\n<p>Ans: Decreases<\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/entri.sng.link\/Bcofz\/zs5h\/qoap\" target=\"_blank\" rel=\"noopener noreferrer\">Attempt a free IBPS RRB 2020 mock tests<\/a><\/strong><\/p>\n<h3>Banking Awareness Questions<\/h3>\n<ul>\n<li>On what basis, the Index of Industrial Production is published by the Central Statistical Organization?<\/li>\n<\/ul>\n<ol>\n<li>Monthly Basis<\/li>\n<li>Yearly Basis<\/li>\n<li>Quarterly Basis<\/li>\n<li>Half-yearly Basis<\/li>\n<\/ol>\n<p>Ans: Monthly Basis<\/p>\n<ul>\n<li>Under the DRI Scheme, the maximum amount can be provided by banks at a concessional rate to the weaker sections is ________.<\/li>\n<\/ul>\n<ol>\n<li>Rs. 12000<\/li>\n<li>Rs. 15000<\/li>\n<li>Rs. 10000<\/li>\n<li>Rs. 20000<\/li>\n<\/ol>\n<p>Ans: Rs.15000<\/p>\n<ul>\n<li>What is the full form of the OLTAS?<\/li>\n<\/ul>\n<ol>\n<li>Online Tax Accounting Server<\/li>\n<li>Online Tax Accounting System<\/li>\n<li>Offline Tax Accounting Service<\/li>\n<li>Offline Tax Access Service<\/li>\n<\/ol>\n<p>Ans: Online Tax Accounting System<\/p>\n<ul>\n<li>Which among the following is authorized by RBI to store rupee notes and coins?<\/li>\n<\/ul>\n<ol>\n<li>Currency Bag<\/li>\n<li>Coin Block<\/li>\n<li>Currency Chest<\/li>\n<li>Currency Reserve<\/li>\n<\/ol>\n<p>Ans: Currency Chest<\/p>\n<ul>\n<li>Under which section of the Reserve Bank of India Act, 1934\u00a0 the Ombudsman Scheme for Non-Banking Financial Companies has been introduced<\/li>\n<\/ul>\n<ol>\n<li>Section 46 A<\/li>\n<li>Section 45 L<\/li>\n<li>Part II Section 45 A<\/li>\n<li>Section 58 C<\/li>\n<\/ol>\n<p>Ans: Section 45 L<\/p>\n<p style=\"text-align: center;\"><a class=\"btn btn-default\" href=\"https:\/\/entri.app\/blog\/ibps-rrb-officer-scorecard\/\" target=\"_blank\" rel=\"noopener noreferrer\">IBPS RRB SCORECARD<\/a><\/p>\n<ul>\n<li>What does CDR stand for?<\/li>\n<\/ul>\n<ol>\n<li>Credit Debt Restructuring<\/li>\n<li>Corporate Debt Restructuring<\/li>\n<li>Credit Debit Rescheduling<\/li>\n<li>Cash-credit Debt Restructuring<\/li>\n<\/ol>\n<p>Ans: Corporate Debt Restructuring<\/p>\n<ul>\n<li>Who fixed the interest rates on banks\u2019 contribution to Rural Infrastructure Development Fund?<\/li>\n<\/ul>\n<ol>\n<li>Ministry of Finance<\/li>\n<li>NABARD<\/li>\n<li>Ministry of Rural Development<\/li>\n<li>Reserve Bank of India<\/li>\n<\/ol>\n<p>Ans: Reserve Bank of India<\/p>\n<ul>\n<li>What does an account of a bank holds with another bank in a foreign country in the foreign currency is called?<\/li>\n<\/ul>\n<ol>\n<li>NRO Account<\/li>\n<li>NOSTRO Account<\/li>\n<li>NRE Account<\/li>\n<li>VOSTRO Account<\/li>\n<\/ol>\n<p>Ans: NOSTRO Account<\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/entri.sng.link\/Bcofz\/zs5h\/qoap\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to attempt a free IBPS RRB 2020 mock tests to ace your Preparation<\/a><\/strong><\/p>\n<p>Entri wishes you all the best for your upcoming examinations.\u00a0 Start your Preparation today with us. Entri will help you with thousands of questions. Attempt mock tests, analyze yourselves to improve your success rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In all banking service examinations, financial awareness and banking awareness questions makes the students sweat a lot. It&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":4178185,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[802,246,201,801,800],"tags":[],"class_list":["post-4162167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-banking","category-ibps-rrb","category-ibps-rrb-office-assistant","category-ibps-rrb-officer"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IBPS RRB Banking Awareness Questions - Free MCQ - Entri Blog<\/title>\n<meta name=\"description\" content=\"Banking Awareness or the Financial Awareness questions are one among the tricky part in the IBPS RRB Main examinations as well as the interview.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/entri.app\/blog\/ibps-rrb-banking-awareness-questions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IBPS RRB Banking Awareness Questions - Free MCQ - Entri Blog\" \/>\n<meta property=\"og:description\" content=\"Banking Awareness or the Financial Awareness questions are one among the tricky part in the IBPS RRB Main examinations as well as the interview.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/entri.app\/blog\/ibps-rrb-banking-awareness-questions\/\" \/>\n<meta property=\"og:site_name\" content=\"Entri Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/entri.me\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-21T12:01:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-21T14:09:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2020\/06\/IBPS-RRB-banking-awareness.png\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"615\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sruthy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@entri_app\" \/>\n<meta name=\"twitter:site\" content=\"@entri_app\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sruthy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/entri.app\/blog\/ibps-rrb-banking-awareness-questions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/entri.app\/blog\/ibps-rrb-banking-awareness-questions\/\"},\"author\":{\"name\":\"Sruthy\",\"@id\":\"https:\/\/entri.app\/blog\/#\/schema\/person\/fb26f22277c663af5197956a52f94053\"},\"headline\":\"IBPS RRB Banking Awareness Questions &#8211; 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