Banking Awareness MCQs for IBPS PO/RRB/Indian Bank 2018: 05 October

Banking Awareness MCQs for IBPS PO/RRB/Indian Bank 2018: 05 October

1. Sberbank is a major state-owned bank situated in which of the following countries?

1) Switzerland
2) Russia
3) Singapore
4) Venezuela
5) Denmark

2. The RBI has asked commercial lenders to provide it with details of all LoUs issued by them in the past. Here, the term LoU means

1) Letter of Underwriting
2) Letter of Understanding
3) Letter of Undertaking
4) Letter of Urgency
5) Letter of Ultimatum

3. Which of the following is the first Indian bank to successfully execute transactions in international trade finance and remittance using blockchain technology?

1) Axis Bank
2) HDFC Bank
3) ICICI Bank
4) Federal Bank
5) IndusInd Bank

4. India has become the 69th member of the European Bank for Reconstruction and Development (EBRD). The headquarters of the EBRD is located in

1) Paris
2) Frankfurt
3) Rome
4) London
5) Athens

5. The Lakshmi Vilas Bank is a scheduled commercial private sector bank which is headquartered in

1) Kochi
2) Manipal
3) Visakhapatnam
4) Chennai
5) Bengaluru

6. An FPO is the issuance of shares to investors by a public company that is currently listed on a stock market exchange. What does the letter “F” denote in the term FPO?

1) Favourable
2) Follow-on
3) Financial
4) Fundamental
5) Forward

7. Under the RBI Act, 1934, the RBI is required to pay the govt its surplus after making provisions for

1) contribution to staff and superannuation fund
2) depreciation in assets
3) bad and doubtful debts
4) All of these
5) None of these

8. Public sector banks have begun to rationalise their overseas operations. Which of the following banks has the largest number of overseas branches (52)?

1) Corporation Bank
2) Bank of Baroda
3) Indian Overseas Bank
4) Oriental Bank of Commerce
5) State Bank of India

9. Which of the following refers to a sustained decline in the price level of goods and services?

1) Inflation
2) Deflation
3) Stagflation
4) Hyperinflation
5) Galloping inflation

10. Regional Rural Banks (RRBs) were set up in 1975 to create an alternative channel to the cooperative credit structure. What is the share structure of the central govt, the state govts and the sponsor banks respectively in the RRBs as of now?

1) 40 per cent, 15 per cent and 45 per cent
2) 40 per cent, 20 per cent and 40 per cent
3) 45 per cent, 15 per cent and 40 per cent
4) 50 per cent, 15 per cent and 35 per cent
5) None of these

Answers:

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