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IBPS RRB Banking Awareness Questions and Answers

IBPS RRB Banking Awareness Questions and Answers-Regional Rural Banks

1) Which is the first Regional Rural Bank (RRB) came into existence (in 1975) to provide
banking services in rural areas?
Prathama Grameen Bank. (established with 5 crores capital).

2) The RRBS (Regional Rural Banks) are owned by 3 entities and what is the share of each entity?
Central Government -50%
State government – 15%
Sponsor bank – 35%

3) The Regional Rural Banks are formed by the recommendations of which committee?
Narasimham committee.

4) The Regional Rural Banks was established on ______________
2nd October 2017.

5) Name the committees established for restructuring Regional Rural Development Banks.
Bandhar Committee, K Basu Committee.

6) How many RRBs (Regional Rural Banks) are currently working in India?

7) Regional Rural Banks
a) Have the limited area of operation and access to refinance from NABARD
b) are required to lend only to weaker sections.
c) are mandated to do only narrow banking.
d can only extend agricultural loans.
e) have the unrestricted area of operation.

8) Which of the following schemes launched by the Government of India is aimed
at developing rural Infrastructure?
c) Bharat Nirman
d) Operation Flood
e) Operation Blackboard

9) As per the newspaper reports, the RBI is planning to introduce “Plastic Currency Notes”
What are the benefits of “Plastic Notes”?
(A) Their Shelf life will be longer.
(B) It will replace plastic money or credit, debit cards which are giving birth to many fradulent practices.
(C) Printing will be cheaper

a) Only C
b) Only B
c) Only A
d) All A, B & C
e) None of these

10) ‘Sub-Prime Lending’ is a term applied to the loans made to _______
a) Those borrowers who do not have a good credit history
b) those who wish to take a loan against the mortgage of tangible assets.
c) those who have a good credit history and are known to the bank since 10 years.
d) those borrowers who are most preferred customers of the Bank.
e) None of these.

11) In respect of RRBs (Regional Rural Banks), the shareholding of the state government is ___________.
(a) 50 %.
(b) 35%
(c) 25%
(d) 15%
(e) 10%

12) The SBI recently has cut NEFT and RTGS charges by up to 75%. All the new charges for the services will attract the GST rate of
(a) Zero percent
(b) 5 percent
(c) 12 %
(d) 18 %
(e) 28%

13) The Fiscal Responsibility and Budget Management (FRBM) committee is headed by
(a) Arvind Mayaram
(b) NK Singh
(c) Arvind Subramanian
(d) Rajiv Mehrishi
(e) Hasmukh Adhia.

(14) Which bank has got Ujjivan Small Finance Bank Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has been given scheduled bank status by RBI?
MD & CEO of Ujjivan SFB: Samit Ghosh
Head Quarters: Bangalore.

(15) As per the reports published in various journals and newspapers the “small borrowers” in rural areas still prefer to take the informal route for their credit needs. Which of the following is the “informal route” of credit in the financial sector?
(a) Credit cards
(b) Loan against gold from financial institute
(c) Debit card
(d) Money Lenders
(e) None

(16) What is the term ‘Underwriting’ means frequently used in the financial sector?
(a) Undervaluation of assets.
(b) The act of taking a risk for a fee
(c) Giving a guarantee that the loan will not become a bad loan
(d) The act of permission to float an IPO

(17) What is the maximum stake that the Govt. of India has in any Public Sector Bank currently?
(a) 64%
(b) 35%
(c) 25%
(d) 74%
(e) 50%

(18) Many times we come across a term in the field of banking operation which reads ‘ECS’.
What is the full form of the same?
(a) Electronic Coding System
(b) Extra Coding System
(c) Electronic Clearing System
(d) Elementary Clearing System

(19) Many times we read the term ‘ECB’ in newspapers. What is the full form’ of
a) Essential Commercial Banking
b) European Credit Borrowing
c) External Credit for Business
d) External Commercial Borrowing
e) None of These

(20) The term “Deficit Financing” means the Government borrows money from the
a) IMF
b) Local bodies
c) RBI
d) Large Corporates
e) Public at large

(21) Inflation in India is measured on which of the indexes or Indicators.
(a) Cost of Living Index (COLI).
(b) Consumer Price Index (CPI)
(c) Gross Domestic Product (GDP)
(d) Wholesale Price Index (WPI

(22) Many times we read in newspapers about ‘Future Trading’, What does it mean?
(A) It is an agreement between two parties to buy or sell an underlying asset in the future
at a predetermined price.
(B) It is nothing but a trade between any two stock exchanges wherein it decided to purchase the
stocks of each other under any circumstances in future or for given period of time.
(C) It is nothing but a trade between any two stock exchanges wherein it decided to purchase the
stocks of each other on a fixed price throughout of the year.

(a) Only A
(b) Only B
(c) Only C
(d) A & B
(e) A & C

(23) Which of the Indian company has listed in NASDAQ?
(a) Infosys.
(b) TCS
(c) Reliance
(d) HCL

(24) The IMF and the World Bank were conceived as institutions to __________.
(a) Strengthen international economic co-operation and to help create a more stable and prosperous global economy.
(b) IMF promotes international monetary co-operation
(c) The world bank promotes long-term economic development and poverty reduction
(d) All of the above.

(25) When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as __________.
(a) Participation
(b) Consortium
(c) Syndication
(d) Multiple banking.

(26) When the RBI hikes the CRR rate, What will be the immediate impact on fuctioning of banks?
(A) Banks will have to lock some additional fund with RBI without any income generation to the banks on these funds
(B) Banks will have to raise their capital base by bringing IPOs or taking money from the govt. of India.
(C) Banks will have to give more funds to priority sectors and less to corporate sector.
(a) Only A
(b) Only B
(c) Only C
(d) Only A, B and C

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