Banking Awareness Quiz


Banking Awareness for IBPS PO/RRB

1. Marginal standing facility (MSF) is a window for banks to borrow from the Reserve Bank of India in an emergency situation when inter-bank liquidity dries up completely. What is the current MSF rate?
  1. 5.5%
  2. 6%
  3. 6.25%
  4. 6.50%
  5. 5.75%
2. Where is the headquarter of Vijaya Bank?
  1. New Delhi
  2. Mumbai
  3. Bengaluru
  4. Pune
  5. Kolkata
3. NABARD was established on the recommendations of _________, on 12 July, 1982 to implement the National Bank for Agriculture and Rural Development Act 1981
  1. Hilton young commission
  2. A Ghosh Committee
  3. B.Sivaraman Committee
  4. B Venkatappaiah Committee
  5. None of these
4. IPO is the first offering of shares to the general public from a company wishes to list on the stock exchanges. IPO stands for
  1. Initial Public Offering
  2. Initial Public Offence
  3. Inter Public Offering
  4. Indian Police Office
  5. Inter Public Organisation
5. National Association of Software and Services Companies (NASSCOM), the Indian chamber of commerce is a consortium that serves as an interface to the Indian software industry and Indian BPO industry. Who is the current chairman of NASSCOM?
  1. Sunil Kanoria
  2. C. P. Gurnani
  3. R Chandrasekhar
  4. Raman Roy
  5. None of these
6. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) is one of the apex trade associations and acts as an interface between industry, govt and other relevant stakeholders on policy issues and initiatives. Who is the present chairman of ASSOCHAM?
  1. C. P. Gurnani
  2. R Chandrasekhar
  3. Raman Roy
  4. Sunil Kanoria
  5. None of these
7. Which of the following is not the essential requirement for the endorsement as per Negotiable Instrument Act, 1881?
  1. It should be on the instrument
  2. It should be made by the holder or the maker
  3. Signatures should be in ink and not by pencil or rubber stamp
  4. It should contain unconditional order
  5. The endorser should sign the endorsement in the same style and with the same spellings as written in the  instrument
8. Which of the following ‘Act’ helps a bank in its day-to-day activities?
  1.  Competition Act
  2. Negotiable Instruments Act
  3. Hindu Marriage Act
  4. Hindu Succession Act
  5. NRI Act
9. KYC guidelines followed by the banks have been framed on the recommendations of the
  1.  Ministry of Home Affairs
  2.  Ministry of Rural Development
  3. Indian Banks Association
  4. Financial Intelligence Unit
  5. Reserve Bank of India
10. Banking Ombudsman is appointed by _____________. 
  1. Government of India
  2. State Governments
  3. RBI
  4. ECGC
  5. Exim Bank


  1. 3
  2. 3
  3. 3
  4. 1
  5. 4
  6. 4
  7. 4
  8. 2
  9. 5
  10. 3
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