Here are some Banking Awareness Questions for IBPS PO and Clerical exam. You just need to go through the some basic concepts, definitions, Banking Abbreviations and some Banking Questions to score well in the Banking Awareness Section. The Banking Section in IBPS is not at all time consuming, you must be aware of the Banking terms and latest Bank related news.


Set 8 Banking Awareness Questions for IBPS exams

1. Which of the following statement is true about the Economic Growth
A.It refers to increase in Gross Domestic Product(GDP)
B.It refers to the long and sustained rise in real Gross Domestic Product(GDP)
C.It is characterized by fall in unemployment rate
D.Rise in GDP on monetary term
E.None of the above

2. In which of the following years was the trade balance favorable to India?
A.1970-71 and 1974-75
B.1972-73 and 1976-77
C.1972-73 and 1975-76
D.1971-72 and 1976-77
E.None of these

3. What should be the first option for the government to borrow money to meet the fiscal deficit-
A.Borrowings from public
B.Borrowings from foreign government
C.Withdrawing its cash balance from RBI
D.Borrowings from RBI
E.None of the above

4. What of the followings are the goals of Sarva Shiksha Abhiyan(SSA)?
a.All children of 6-14 years age in School/EGS (Education Guarantee Scheme)/bridge course by the year 2015
b.Bridge all gender and social category gaps at primary stage by the year 2007 and at elementary education level by the year 2010
c.Universal retention by the year 2020

Select the correct answer using the codes given below-
A.1 and 2
B.2 and 3
C.1 and 3
D.1, 2 and 3
E.Noneof the above

5. Why is demographic dividend likely to be manifested in India in future?
A.Population in the age group between 8-15 years is likely to increase
B.Population of children below 7 years is likely to increase
C.Population in the age group of 15-64 years is likely to increase
D.Population in the age group above 65 years likely to increase
E.None of the above

6. Which of the following is the target stipulated in the Tenth Five year Plan?
A.Creating 50 million job opportunities
B.Reduction in poverty ratio from 26 percent to 21 percent
C.Reducing gender gaps in literacy and wages rates by 50 percent
D.Doubling per capita income in 8 years
E.None of the above

7. The 12th Finance Commission has recommended to bring down the revenue deficit of the centre and states to zero by which year?
E.None of the above

8. In which of the following years, the share of FIL(net) flows into Indian Economy was highest?
E.None of the above

9. Statutory Liquidity Ratio(SLR) refers to the amount that the commercial banks require to maintain with RBI. What are the permitted SLR investments?
A.Only Gold
B.Only Cash
C.Only Government approved securities
D.Gold or Government approved Securities
E.None of the above

10. Direct Taxes Code(DTC) is intended to be introduced in the monsoon session of Parliament. DTC seeks to replace?
A.Indian Contract Act
B.Indirect Tax Act
C.Income Tax Act
D.Banking Regulation Act
E.None of the above

11. CTS Stands for-
A.Cheque Truncation System
B.Cheque Transaction System
C.Cheque Transmission Service
D.Cheque Transport Service
E.None of the above

12. In July 2013, SEBI Act was amend to curb Ponzi schemes. Ponzi Scheme means?
A.Name of a Mutual Fund Scheme to earn higher returns
B.Collective investment Schemes floated by fly by night operators
C.Name of a Bank Deposit Product
D.Name of a Health insurance scheme
E.None of the above

13. The minimum rate of Interest charged by a Bank from Customers on the loans is?
A.Base Rate
B.Bank Rate
C.Prime Rate
D.Prime Lending Rate
E.None of the above

14. Which of the following is NOT true with regard to FCNR Accounts?
A.NRIs can open the Account
B.Can be opened in ‘Permitted Currency’ only
C.Minimum Term is 1 year
D.Maximum Term 5 years
E.None of the above

15. REPO rate means?
A.Rate at which the RBI will borrow from the banks
B.Rate at which banks will borrow from the other banks
C.Rate at which the RBI lends to Banks
D.Rate at which banks lend to customers
E.None of the above

16. Fiscal Deficit Refers to?
A.The difference between the government’s total expenditure and its total receipts (including borrowing)
B.The difference between the government’s total expenditure and its total receipts (excluding borrowing)
C.The difference between the government’s Tax collections and Salary Payments
D.the difference between the government’s Tax collections and government’s Borrowings
E.None of the above

17. “DAX” is the stock Market of-
E.None of the above

18. Which of thePublic Sector Bank tagline “India’s International Bank”?

19. Which bank has launched “travel card” for students joining abroad?

20. Who is the chairman of the committee set up to scrutinize application of new Bank Licenses?
A.Bimal Jalan
B.Usha Thorat
C.S Damodar
D.C B Bhave
E.None of the above