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BANKING AWARENESS PART 2 FOR IBPS RRB 2019 MAINS (OFFICER & ASSISTANT) 151. Who presented the first Union budget of independent ? 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 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 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 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. 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 . 1) Ujjivan 2) Jana 3) Equitas 4) AU 5) Fincare correct option : 3 161. The is a subsidiary of ______. 1) Bank of Baroda 2) 3) 4) 5) 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. 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) 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 (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) 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 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) 2) 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) 2) RBL Bank 3) 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) 2) ESAF Small Finance Bank 3) 4) Payments Bank 5) 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) 5) IDBI correct option : 2 227. ,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 can now apply for 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) 2) Bank of Baroda 3) of India 4) 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) 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) 2) Bank of Baroda 3) 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 FREE Ebooks Current Affairs

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