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Banking Awareness Questions for IBPS RRB PO and Clerk 2018

Q1. United Bank of India is an Indian government-owned financial services company headquartered in Kolkata. What is the tagline of United Bank of India?
 Your Own Bank
 The nation banks on us
 With you all the way
 Pure banking Nothing else
 The Bank that begins with 'U'

Q2. What is the tagline of Dena Bank?
 Pure banking Nothing else
 Where Service is a Way of Life
 Your Tech Friendly Bank
 Trusted Family Bank
 Banking for all

Q3. "Your Faithful And Friendly Financial Partner" is tagline of which Bank?
 Indian Overseas Bank
 Punjab National Bank
 Syndicate Bank
 Union Bank of India
 Bank of Maharashtra

Q4. "Honours Your Trust" is tagline of-
 Andhra Bank
 UCO Bank
 Vijaya Bank
 Union Bank of India
 Bank of Maharashtra

Q5. Allahabad Bank is a nationalised bank with its headquarters in Kolkata, India. What is the tagline of Allahabad Bank?
 A Tradition of Trust
 Empowering Women, Empowering India
 Together we can
 Prosperity for all
 Good people to Bank With

Q6. In which situation does bank customer relationship cease?
 When there are complaints from the customer
 When the bank accept the complaint from the customer
 When the customer is declared of unsound mind
 All of the above
 None of the given options is true

Q7. In case of cheque bouncing what is the permissible punishment?
 Imprisonment
 Fine equal to the value of bounced cheque
 Fine equal to double the amount of bounced cheque
 Monetary fine and imprisonment
 None of the given options is true

Q8. What is the name given to deposit accounts in Indian banks of Indians who reside overseas?
 Non-resident accounts
 Non-resident ordinary account
 Non-resident external account
 Absentee Indian accounts
 None of the given options is true

Q9. Which organization pays the insurance premium for getting the bank deposits insured?
 RBI
 Individual banks
 Account holders
 There is no payment of premium
 None of the given options is true

Q10. How would you differentiate between a post office savings account and a savings bank account?
 There is no cheque facility with post office savings accounts
 There is no ATM of post offices
 Banks can pay interest at rates decided by them while post offices have fixed rate of interest as decided by the government
 Pass books are not issued by post offices
 None of the given options is true

Q11. In what way does an asset reconstruction company help banks?
 By buying the non performing assets of banks
 Acts as recovery agents for banks
 Converts non performing assets into performing accounts
 Helps in rehabilitation of weak accounts by rescheduling the repayment plans
 None of the given options is true

Q12. What is the source of income for asset reconstruction companies?
 The commission paid by banks
 The fees charged from loan defaulters
 The difference in amounts recovered from the accounts less the amount paid to the bank for buying the account
 The retainer fees by the banks
 None of the given options is true

Q13. There is frequent reference to CDR when nonperforming accounts of banks are discussed. What is the full form of CDR?
 Corporate Default Regulations
 Corporate Debt Restructuring
 Corporate Debt Regulations
 Civil Debt Regulations
 None of the given options is true

Q14. Number of public sector banks have opened special units known as MSME hubs. What are they meant for?
 These are small and medium sized branches
 These are meant for units in industrial areas
 These hubs cater to specialized banking for micro, small and medium enterprises
 These outlets specially are for schools and educational institutions
 None of the given options is true

Q15. What is meant by the merchant discount rate in respect of a credit card transaction?
 Merchants are given special commission for promoting bank transactions
 The bank commission charged from merchants who have point of sales terminals for card payments from customers
 The one time fees charged for providing point of sales terminal to merchants/shopkeepers
 The service tax payable by shops and merchant establishments having facility of card payments.
 None of the given options is true











SOLUTIONS

1.E
2.D
3.C
4.B
5.A
6.C
7.D
8.A
9.B
10.C
11.A
12.C
13.B
14.C
15.B
5 Banking and SSC : Banking Awareness Questions for IBPS RRB PO and Clerk 2018 Q1. United Bank of India is an Indian government-owned financial services company headquartered in Kolkata. What is the tagline of United B...

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