Ooliveboa,d

BANKING AWARENESS
PART 2
FOR IBPS RRB 2019 MAINS
(OFFICER & ASSISTANT)
151. Who presented the first Union budget of independent India?
1) Jawaharlal Nehru
2) Vallabhai Patel
3) Bhimrao Ambedkar
4) RK Sanmukham Chetty
5) John Mathai

correct option : 4
152. What is the minimum Capital Adequacy ratio to be maintained by payment
banks in India?
1) 11%
2) 12%
3) 11.5%
4) 15%
5) 14%

correct option : 4
153. ______ is a fixed amount that is received or paid at regular intervals for a
specified period.
1) Perpetuity
2) Annuity
3) Premium
4) Dividend
5) Bonus

correct option : 2
154. As per RBI mandate, banks may choose any benchmark market interest rate
published by FBIL for linking of their loan products. What is 'I' in FBIL?
1) Integrated
2) Industrial
3) Interest
4) India
5) Insolvency

correct option : 4
155. Government has decided to infuse Rs __________ crore in IDBI Bank to work
out as bailout money for the bank
1) 8000
2) 14000
3) 11000
4) 9000
5) 12000

correct option : 4
156. _______ is a product for which demand increases as the price increases and
falls when the price decreases.
1) Complementary Goods
2) Novice Goods
3) Giffen Goods
4) Auxiliary Goods
5) Gilt Goods

correct option : 3
157. Which of the following small finance bank of India recently proposed issuing
shares of the bank to its shareholders without cash consideration?
1) Ujjivan SFB
2) Equitas SFB
3) Utkarsh SFB
4) Fincare SFB
5) ESAF SFB

correct option : 2
158. Bank of Baroda has planned to raise capital up to Rs ___________ crore through
tier-II bonds for meeting capital adequacy norms for the newly merged entity.
1) 5000
2) 1500
3) 2400
4) 2000
5) 3000

correct option : 5
159. The maximum incentive that could be received as a Merchant on BHIM
Aadhar Pay App is _________.
1) ₹ 3000
2) ₹ 50
3) ₹ 2000
4) ₹ 5000
5) There is no such incentive

correct option : 3
160. RBI, recently declined ________ request to extend listing deadline for small
finance bank.
1) Ujjivan
2) Jana
3) Equitas
4) AU
5) Fincare

correct option : 3
161. The Nainital bank is a subsidiary of ____________.
1) Bank of Baroda
2) Axis Bank
3) Punjab National Bank
4) Bandhan Bank
5) Canara Bank

correct option : 1
162. Which of the following term is used to define a period of time when
someone goes without
insurance coverage?
1) Endorsement
2) Lapse
3) Condominium
4) Arson
5) Exclusion

correct option : 2
163. What is the function of Authorised Money Changers?
1) Deal in foreign exchange facilities
2) Distribution of new notes for soiled notes
3) Converting physical money into digital currency
4) Facilitating online transactions within and outside country
5) Money transfer for securities sold in market

correct option : 1
164. What was the initial corpus with which Rural Infrastructure Development
Fund was set up?
1) Rs 1000 Crore
2) Rs 750 Crore
3) Rs 1250 Crore
4) Rs 2000 Crore
5) Rs 1750 Crore

correct option : 4
165. What is the Capital to Risk- weighted Assets Ratio (CRAR) to be maintained by
Indian Banks under Basel III norms?
1) 8%
2) 6%
3) 9%
4) 7%
5) 10%

correct option : 3
166. Which of the following is a competitive market situation where there are many
sellers, but they are selling heterogeneous (dissimilar) goods?
1) Absolute Competition
2) Imperfect Competition
3) Perfect Competition
4) Oligopolistic Competition
5) None of the above

correct option : 2
167. Automated Teller Machines (ATMs) set up, owned and operated by non-bank
entities are called _____________ ATMs.
1) Brown-label
2) Blue-label
3) White-label
4) Grey-label
5) None of those given as options

correct option : 3
168. Insurance premiums cannot be paid by ________
1) Promissory Note
2) UPI
3) RuPay Card
4) Both A & B
5) All A, B & C

correct option : 1
169. Reserve Bank has identified four broad areas for targeted policy intervention
to improve the existing payments system. Which of the following is not among
them?
1) Competition
2) Cost
3) Coverage
4) Convenience
5) Confidence

correct option : 3
170. Which among the following is true about ‘Perpetual Bond’?
1) A bond with tax-free interest
2) A bond with high yields
3) A bond with a redeemable option
4) A bond with fixed income
5) None of the above

correct option : 4
171. SBI recently offered MUDRA loans to Kerala broiler farmers. What is the
maximum Loan limit under MUDRA?
1) Rs 4 Lakh
2) Rs 10 Lakh
3) Rs 12 Lakh
4) Rs 5 Lakh
5) Rs 7 Lakh

correct option : 2
172. There are basically _____ principles that govern the insurance.
1) 10
2) 12
3) 7
4) 5
5) 3

correct option : 3
173. “Sar utha ke jiyo” is a tagline of _______________.
1) SBI Life Insurance
2) Postal Life Insurance
3) HDFC Standard Life Insurance
4) Aviva Life Insurance
5) ICICI Prudential Life Insurance

correct option : 3
174. In FY-20, NBFCs are expected to grow by __________, as per Ratings
agency India Ratings.
1) 4-5%
2) 6-7%
3) 8-9%
4) 10-12%
5) 6-9%

correct option : 4
175. Insurance regulator IRDAI formed a working group to revisit norms on trade credit
insurance. Where is the headquarters of IRDAI situated?
1) Pune
2) Mumbai
3) Chennai
4) Hyderabad
5) New Delhi

correct option : 4
176. State Bank of India has planned to sell ______ percent stake in SBI Life Insurance
for ₹ 3465 Crore.
1) 4.5%
2) 6.5%
3) 3.5%
4) 5.0%
5) 2.5%

correct option : 1
177. __________, recently came out with new ATM withdrawal charges, to be
revised from October 1.
1) BOB
2) Union Bank of India
3) SBI
4) IDBI
5) None of these

correct option : 3
178. IDBI Bank announced its decision to launch co-branded credit card with which of
the following organisation?
1) EPFO
2) NHB
3) RBI
4) LIC
5) NABARD

correct option : 4
179. Recently, RBI Panel under the chairmanship of _______ has recommended that an
intermediary be set up under the National Housing Bank (NHB).
1) Bimal Jalan
2) Pami Dua
3) VK Johri
4) Usha Thorat
5) Harsh Vardhan

correct option : 5
180. ______ ,recently rationalised MDR for RuPay debit card deals.
1) None of these
2) NPCI
3) RBI
4) IBDRT
5) ReBIT

correct option : 2
181. Certificate of Deposit (CD) is issued by_____________.
1) Reserve Bank of India
2) NABARD
3) Scheduled commercial banks
4) Private organizations
5) All of the above

correct option : 3
182. What is the maximum FDI limit in the Small finance Banks?
1) 35%
2) 51%
3) 100%
4) 74%
5) 49%

correct option : 4
183. APA gives certainty to taxpayers, reduce disputes and enhances tax revenues.
What does ‘P’ denote in ‘APA’?
1) Personal
2) Pricing
3) Payment
4) Public
5) Preference

correct option : 2
184. As per the RBI guidelines, which among the following categories of loans could
NOT be priced without reference to Base Rate?
1) DRI advances
2) Loans to retired bank employees
3) Education Loan
4) Loans to banks’ depositors against the collateral property
5) Both (a) and (d)

correct option : 3
185. Reserve Bank of India (RBI) extended timings for customer transactions in the Real
Time Gross Settlement (RTGS). In India RTGS was started in__________.
1) May 2005
2) March 2004
3) June 2006
4) August 2005
5) None of the above

correct option : 2
186. The Reserve Bank of India has advised SCBs to appoint Internal Ombudsman
under the section 35A of ________.
1) Banking Companies Act 1970
2) Banking Ombudsman Act 2006
3) Reserve Bank of India Act 1934
4) Banking Regulation Act 1949
5) None of the above

correct option : 4
187. Which among the following account type has the maximum interest rate
compared to others?
1) Savings Bank Account
2) Current Deposit Account
3) Recurring Deposit Account
4) Fixed Deposit Account
5) None of the above

correct option : 4
188. As per the guidelines of RBI, Regional Rural Banks have a target of _____
percentage of their outstanding advances for priority sector lending.
1) 75%
2) 40%
3) 60%
4) 80%
5) 45%

correct option : 1
189. Which among the following deposits allows the depositor to withdraw funds
from the account without notice?
1) Time deposit
2) Term deposit
3) Fixed deposit
4) Demand deposit
5) Variable deposit

correct option : 4
190. Where are the headquarters of WTO located?
1) Switzerland
2) France
3) Denmark
4) Estonia
5) Belgium

correct option : 1
191. In a/an _______ market, the seller sells his goods to the highest bidder.
1) Black Market
2) Knowledge Market
3) Financial Market
4) Auction Market
5) Physical Market

correct option : 4
192. Which among the following would help Cooperative banks to get Core
Banking Access?
1) RBI
2) NABARD
3) SEBI
4) SIDBI
5) NHB

correct option : 2
193. What is the maximum limit of Foreign Direct Investment in White Label ATMs?
1) 49%
2) 86%
3) 100%
4) 70%
5) 26%

correct option : 3
194. Commercial Paper can be issued in the minimum denominations of _______
rupees.
1) 1 Lakh
2) 2 Lakh
3) 3 Lakh
4) 4 Lakh
5) 5 Lakh

correct option : 5
195. RBI has proposed Rs _________ crore minimum capital for small banks under
'on tap' licence regime.
1) 100
2) 200
3) 300
4) 400
5) 500

correct option : 2
196. Reserve Bank of India (RBI),recently reduced the risk weight requirement for
consumer loans to _________ per cent , from previous 125 per cent.
1) 75
2) 90
3) 100
4) 110
5) None of these

correct option : 3
197. The type of fund that invest exclusively in government securities is known as
_______.
1) Index Fund
2) Gilt Fund
3) Specific Fund
4) Liquid Fund
5) None of the above

correct option : 2
198. We can transfer funds using your BHIM SBI Pay app to your friend/relative by
knowing only their ___________.
1) Virtual Payment Application
2) Versatile Payment Address
3) Virtual Payback Address
4) Virtual Payment Address
5) Visual Pay Address

correct option : 4
199. What is the maximum amount of loan to be given in Kishore Category of MUDRA Bank?
1) 50000
2) 10 Lakh
3) 5 Lakh
4) 15 Lakh
5) 1 Lakh

correct option : 3
200. ___________ has introduced to regulate the financial sectors for ensuring better
efficiency as well as for avoiding conflicts due to overlapping of functions.
1) RBI
2) FRDI
3) FSDC
4) FIEO
5) IRMA

correct option : 3
201. As per the RBI's notification, the bank should have to reverse failed transactions
within a maximum of ________ days of failed transactions.
1) T + 3
2) T + 4
3) T + 2
4) T + 7
5) T + 5

correct option : 5
202. Recently, Bank of Baroda launched Centralised Processing hubs at ________
for farmers.
1) Bengaluru
2) Chennai
3) Hyderabad
4) Mumbai
5) Vadodara

correct option : 3
203. _______ is a negotiable financial instrument issued by a bank to represent a
foreign company’s publicly traded securities.
1) Promissory notes
2) Depositary Receipt
3) Bills of Exchange
4) Participatory Notes
5) Certificates of Deposit

correct option : 2
204. Mumbai is the Headquarters of which of the following Banks?
1) Federal Bank
2) Syndicate Bank
3) RBL Bank
4) Punjab National Bank
5) Oriental Bank of Commerce

correct option : 3
205. The applications of SFB were analyzed and evaluated by an External Advisory
Committee. The EAC for Small Finance Banks was chaired by ____________
1) Nachiket Mor
2) Usha Thorat
3) Balachandran
4) Deepak Pathak
5) Sriram

correct option : 2
206. A SWIFT code is an international bank code that identifies particular
banks worldwide. In Swift Code, 5 th & 6 th digits denote-
1) Country Code
2) Bank Code
3) Location Code
4) Branch Code
5) City code

correct option : 1
207. The Insurance Ombudsman shall pass an award within a period of _____
months from the receipt of the complaint.
1) 12
2) 3
3) 2
4) 9
5) 6

correct option : 2
208. RBI ,recently approved reappointment of Shyam Srinivasan as CEO of_________.
1) Lakshmi Vilas Bank
2) RBL Bank
3) Yes Bank
4) Federal Bank
5) ICICI Bank

correct option : 4
209. _________ is set to invest in 6 projects with 1.09 billion U.S.D in countries of
the Association of Southeast Asian Nations (ASEAN).
1) ADB
2) NDB
3) IMF
4) AIIB
5) None of these

correct option : 4
210. Which of the following committees recommended to allowing private
sector companies to promote insurance in the country?
1) Raghavan Committee
2) R N Malhotra Committee
3) P R Khanna Committee
4) D R Mehta Committee
5) J Reddy Committee

correct option : 2
211. _______ is a monetary policy intervention by the RBI to withdraw excess liquidity
by selling government securities in the economy.
1) Market Development Assistance Scheme
2) Market Intervention Scheme
3) Market Segmentation Scheme
4) Market Stabilisation Scheme
5) Market capitalisation Scheme

correct option : 4
212. The Central and the State Governments should maintain a minimum balance
of _______ crore as on daily with RBI.
1) ₹ 100 Crore
2) ₹ 5 Crore
3) ₹ 25 Crore
4) ₹ 10 Crore
5) ₹ 50 Crore

correct option : 4
213. Which among the following services cannot be provided through Micro ATMs?
1) Balance Enquiry
2) Funds Transfer
3) Cash Withdrawal
4) Lending Loans
5) Cash Deposit

correct option : 4
214. ______ accounts are held by a third-party bank, other than both banks who
are doing the transactions.
1) Loro Account
2) VOSTRO Account
3) NOSTRO Account
4) NRI Account
5) NRE Account

correct option : 1
215. RuPay is India’s indigenous card scheme created by Which of the
following organizations?
1) NACH
2) NHB
3) NPCI
4) RBI
5) GOI

correct option : 3
216. Which among the following is the tagline of Syndicate Bank?
1) India’s International Bank
2) Prosperity for all
3) Together We can
4) Faithful and Friendly
5) Relationship Beyond Banking

correct option : 4
217. NABARD was established based on the recommendations of which of
the following committee?
1) Sreedharan Committee
2) Vohra Committee
3) P K Sinha Committee
4) B Sivaraman Committee
5) Narasimhan Committee

correct option : 4
218. Which among the following has launched 'Bharosa' savings account
services recently?
1) Paytm Payments Bank
2) ESAF Small Finance Bank
3) Airtel Payments Bank
4) Jio Payments Bank
5) Jana Small Finance Bank

correct option : 3
219. The Bankruptcy Code (Amendment) Bill, 2019 has set ________ day deadline
for rescuing companies in distress to fast track cleaning up of bad assets.
1) 330
2) 270
3) 364
4) 180
5) 129

correct option : 1
220. UPR is the total annual premium less than the amount earned. What is the
full form of UPR?
1) Uniform Premium Research
2) Uninsured Premium Reserve
3) Unearned Premium Reserve
4) Unearned Premium Requirement
5) Uninsured Premium Requirement

correct option : 3
221. Foreign Institutional Investors must register with which of the
following organizations in India to participate in the market?
1) NHB
2) RBI
3) SEBI
4) SIDBI
5) IRDAI

correct option : 3
222. Atal Pension Yojana was introduced for which of the following sectors by
the government?
1) Normal Sector
2) Informal Sector
3) Formal Sector
4) Organized sector
5) Unorganized sector

correct option : 5
223. Which of the following type of risk is defined when a bank may not be able
to undertake profitable business opportunities when it arises?
1) Funding Risk
2) Interest Risk
3) Time Risk
4) Call Risk
5) Structural Risk

correct option : 4
224. Which among the following is called as State Development Loans?
1) Promissory notes
2) Dated Securities
3) Treasury Bills
4) Bill of Exchange
5) Commercial Papers

correct option : 2
225. Finance Minister N Sitharaman announced that all scheduled banks would
hold gatherings in a total of how many districts for loan disbursement process?
1) 350
2) 200
3) 300
4) 400
5) 100

correct option : 4
226. __________ ,recently decided to link all the floating rate retail loans and loans
to MSME to the RBI’s repo rate, with effect from October 1.
1) BOB
2) SBI
3) Union Bank of India
4) Dena Bank
5) IDBI

correct option : 2
227. Pine Labs ,recently tied up with which of the following banks to offer debit card
EMIs?
1) RBL Bank
2) Lakshmi Vilas Bank
3) Yes Bank
4) Federal Bank
5) Axis Bank

correct option : 4
228. NRIs with Indian Passport can now apply for Aadhaar on arrival without
________-day waiting period.
1) 167
2) 175
3) 182
4) 199
5) 220

correct option : 3
229. ___________ & Bharti AXA Life , recently tied up to offer pre-paid plan with
term cover to its customers.
1) Vodafone
2) Reliance Jio
3) Airtel
4) BSNL
5) None of these

correct option : 3
230. More than 10 banks from different countries have formed a group to fund for a
risky Power plant development project. This type of banking is called as?
1) Credit Syndication
2) Credit Monitoring Arrangement
3) Consortium finance
4) Group cash delivery
5) Group financing

correct option : 3
231. Paisalo Digital Limited ,recently signed its co-origination loan agreement with
the ______.
1) Bank of Maharashtra
2) Bank of Baroda
3) Central Bank of India
4) Allahabad Bank
5) None of these

correct option : 1
232. What is called for an insurance that is purchased by an insurance company, in which
some part of its own insurance liabilities is passed on to another insurance company?
1) Co-insurance
2) Re-insurance
3) Trade credit insurance
4) Liability insurance
5) Renters insurance

correct option : 2
233. Which mobile manufacturer launched an offline digital lending platform with
instant offers for their smartphones?
1) Samsung
2) Oppo
3) Motorola
4) Lenovo
5) Nokia

correct option : 1
234. Which bank recently launched its digital app in UK at an event hosted in
coordination with the UK India Business Council?
1) Union bank
2) Syndicate bank
3) State bank of India
4) Canara bank
5) Indian Bank

correct option : 3
235. SBI life insurance signed agreement with which home finance company to offer its
insurance products to home finance companies’ customers?
1) HDFC Housing Finance
2) Repco Home Finance
3) LIC Housing Finance
4) ICICI Home Finance
5) None of these

correct option : 2
236. Which is the insurance policy best suited for an individual who owns many
restaurants at different locations to cover all his stores under one policy?
1) Liability policy
2) General policy
3) Trade credit policy
4) Blanket policy
5) Multi risk policy

correct option : 4
237. What is the net owned fund requirements for HFC in order to get registered
with NHB?
1) Rs. 2 crore
2) Rs. 5 crore
3) Rs. 10 crore
4) Rs. 25 crore
5) Rs. 50 crore

correct option : 3
238. If RBI raises CRR (Cash Reserve Ratio) what impact will it have on economy?
A. Banks will have to increase interest rates on Loans.
B. Leads to the increase in cash flow in the economy.
C. Banks will have to give more funds to priority sector lending.
1) Only B
2) Only A
3) Both A & C
4) Both B & C
5) All A, B & C

correct option : 2
239. What is the maturity age of Whole life Insurance policy?
1) 50 years
2) 60 years
3) 75 years
4) 100 years
5) None of these

correct option : 4
240. Preauthorization is needed in which type of insurance?
1) Motor Insurance
2) Travel Insurance
3) Home Insurance
4) Health Insurance
5) Fire Insurance

correct option : 4
241. CVV code provides an additional layer of security when a card is used to make
a purchase online or over the phone. What is the full form of CVV?
1) Customer Verification Value
2) Card Valuable Value
3) Card Validity Variable
4) Customer Verification Variable
5) Card Verification Value

correct option : 5
242. Which of the following statements is NOT true in context of Annuity?
1) An annuity is an investment that we make, either in a single lump sum or through
instalments paid over a certain number of years
2) All of these
3) Typically annuities are bought to generate income during one’s retired life
4) Annuity premiums and payments are fixed with reference to the duration of
human life
5) An annuity provide life insurance cover

correct option : 5
243. Mswipe has tied up with which finance firm to launch a card for millennials to
avail instant pre-approved credit of up to ₹1 lakh?
1) DMI Finance
2) Aditya Birla Capital
3) SBI Capital Markets
4) L& T Finance Holdings
5) Bajaj Capital

correct option : 1
244. Which is the most valued Indian brand according to the `WPP and Kantar
Millward Brown's BrandZ 75 Most Valuable Indian Brands' ranking?
1) Life Insurance Corporation of India
2) Tata Consultancy Services
3) Maruti Suzuki
4) Indian Oil Corporation
5) HDFC

correct option : 5
245. What is an “insurance actuary” in the insurance sector means?
1) The premiums on all policies which a company has issued
2) A professional that analyses financial risk using various theories
3) Insurers that are created and wholly–owned by one or more non–insurers
4) Method of sharing insurance risk between several insurers
5) Form of protection for an employer for the losses caused by his employees.

correct option : 2
246. Hyundai Motor India Ltd (HMIL) has signed an agreement with which bank for its
vehicle finance needs?
1) Central Bank of India
2) Bank of Baroda
3) United Bank of India
4) Indian Bank
5) Allahabad Bank

correct option : 2
247. Which among the following is the market where fixed income securities of various
types and features are issued and traded?
1) Money Market
2) Debt Market
3) Capital Market
4) Futures Market
5) Prediction Market

correct option : 2
248. DICGC (Deposit Insurance and Credit Guarantee Corporation) is one of the
wholly owned subsidiaries of the Reserve bank of India (RBI). What is the maximum
deposit amount insured by the DICGC?
1) Four Lakhs
2) One Lakh
3) Two Lakhs
4) Six Lakhs
5) Three Lakhs

correct option : 2
249. Which bank launched a co-branded fuel card in partnership with Indian Oil
Corporation (IOC)?
1) Axis
2) ICICI
3) HDFC
4) Yes Bank
5) HSBC

correct option : 3
250. The RTGS system is primarily meant for large value transactions. What is the
minimum amount to be remitted through RTGS (Real Time Gross Settlement)?
1) 1,00,000 Rs
2) 2,00,000 Rs
3) 3,00,000 Rs
4) 4,00,000 Rs
5) 5,00,000 Rs

correct option : 2
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