Banking Awareness Questions :: IBPS PO Clerks Set 27 Question And Answers

Quantitative Aptitude
Verbal Ability

11. Reserve Bank of India Act passed in ___________

A. 2001 B. 1991
C. 1934 D. 1949
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12. Reserve Bank of India formed on the recommendations of _________ as it submitted report in 1926 ?

A. Keynes Commission B. Royal Commission on Indian Currency and Finance
C. Tandon Commission D. Kelkar Committee
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13. Banking Regulation Act passed in _________

A. 1951 B. 1949
C. 1991 D. 2001
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14. As we know, a lot of new concepts are being used in the field of banking these days, which of the following is NOT one such concept / product directly associated with banks ?

A. RTGs B. Number Portability
C. ATM / Debit Card D. Demat Account
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15. The history brief line of RBI given. Pick the correct one?

A. Established in 1935 at Kolkata B. Nationalized in 1949
C. Co-operative banks come under the regulation of RBI D. All of these
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16. History Line up of RBI given. Pick up the wrong one ?

A. RBI had more efficient control over Foreign Exchange as  the Amendment of Foreign Exchange Regulation Act (FERA) came in to effect in 1973 B. Board of Financial Revision set up in 1994
C. Sukhmoy Chakravarthy and Vaghul Committee reports on Financial Sector reforms Submitted in 1986 D. RRBs established in 1975 brought under the control of RBI
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17. Reserve Bank Staff College is located at __________ (to train the needs of RBI officers).

A. Bengaluru B. Chennai
C. Nagpur D. New Delhi
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18. The College of Agricultural Banking at ___________ trains staff of Co-operative and commercial banks,  including regional rural banks.

A. Mumbai B. Pune
C. Chennai D. Kanpur
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19. RBI is funding to encourage advance training and research on banking issues, Economic Growth. It is funding National Institute of Bank Management (NIBM) at ?

A. Delhi B. Pune
C. Hyderabad D. Indore
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20. Indira Gandhi Institute of Development Research (IGIDR) at ______ also funding by RBI.

A. Hyderabad B. Mumbai
C. Kanyakumari D. Nasic
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