Banking Awareness Questions :: IBPS PO Clerks Set 24 Question And Answers

Quantitative Aptitude
Verbal Ability

6. What is the condition for a bank to be called a "Scheduled Bank" ?

A. It should be included in the second schedule of the RBI act B. It should comply with all the above conditions
C. Its branch network should be over 100 D. Its business has to be crossed Rs. 1000 Cr mark
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7. The Export-Import Bank of India (EXIM Bank) has, at the behest of the Govt of India, extended a Line of Credit of $89.90 mn to which of the following countries, for developing transportation system recently ?

A. Cameroon B. Republic of Congo
C. Kenya D. Tanzania
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8. Ending days of suspense, the RBI granted banking license to IDFC and micro-finance institution Bandhan Recently.  The in-principle approval granted will be valid for a period of ________comply completely with the requirements.

A. 6 months B. 12 months
C. 15 months D. 18 months
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9. The debit card holder can perform which of the following functions ?

A. Make Point of Sale (POS) purchase B. Recharge Pre-paid mobile phones
C. Pay Life Insurance premium D. All of the above
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10. RBI has recently announced to release the REER based on the Consumer Price Index (CPI) only from the financial year that began on 1st April 2014. Expand the term REER.

A. Real Effective Exchange Rate B. Real Established Exchange Rate
C. Real Effective Exchange Ratio D. Real Estate Exchange Rate
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11. In which of the following types of banking, the banks offer all types of financial services to expand their business ?

A. Social banking B. Wholesale banking
C. Universal banking D. Retail banking
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12. Which of the following functions are not being performed by the Reserve Bank of India ?

A. Foreign currency management in India B. Control and supervision of money supply
C. Regulation of foreign direct investment in India D. Regulation of banks in India
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13. "India's International Bank" is the tagline of which of the following banks ?

A. State Bank of India B. Bank of Baroda
C. Punjab National Bank D. Andhra Bank
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14. ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with __________

A. Capital Market B. Loans
C. Ponzi Schemes D. World Bank Grants
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15. RBI has capped the Ways and Means Advances (WMA) limit for the central government for the first half of the new financial year 2015 at ?

A. Rs. 25,000 cr B. Rs. 35,000 cr
C. Rs. 20,000 cr D. Rs. 45,000 cr
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