IBPS - Practice Banking Questions

Dear Readers, Banking Awareness Questions play important role in IBPS Clerk-V Mains Exam. Around 50-60% of questions in IBPS Clerk-V Mains comes from Banking Awareness which includes recent Banking updates also.

Try to Answer Banking Awareness questions given in this post. We will provide you more questions in next post.

1. In which year does the RBI has introduced the Banking Ombudsman Scheme?
a)    2002
b)    2000
c)    1998
d)    1995

2. Which is the biggest commercial bank in India?
a)    Indian Overseas Bank
b)    SBI
c)    PNB
d)    Indian Bank

3. Which of the following is a measure taken by RBI to control inflation in our country?
a)    Contraction of Supply of Currency
b)    Increase in SLR
c)    Raising of Repo/Reverse Repo Rate
d)    Increase in CRR

4. What is mean by Mortgage?
a)    Registration of charge with the Regional Transport Authority
b)    Registration of charge with the Registrar of companies
c)    Making the security of immovable property available as a cover for a home loan by the borrower
d)    Sale of a moveable security in the event of default by the borrower

5. Credit risk to the bank is high from which of these cards?
a)    Debit Cards
b)    Credit Cards
c)    ATM Cards
d)    All of these

6. The Rate at which the domestic currency can be converted into foreign currency and vice versa is called as_______.
a)    Exchange rate
b)    MIBOR
c)    LIBOR
d)    Inter Bank Money Rate

7. Which of the following statement is true?
a)    Banks can accept both demand and time deposits from public
b)    Banks cannot accept demand and time deposits from public
c)    Banks can accept only demand deposits from public
d)    Banks can accept demand and time deposits only from government

8. Fixed deposits and recurring deposits are________.
a)    Repayable on demand
b)    Repayable after an agreed period
c)    Non repayable
d)    Repayable after death of depositors

9. Accounts are allowed to be operated by cheques in respect of _______.
a)    Both Current accounts and fixed deposit accounts
b)    Both Savings bank accounts and fixed deposit accounts
c)    Both Savings bank accounts and cash accounts
d)    Both Savings bank accounts and current accounts

10. Crossing on a cheque can be cancelled by the _____ of the cheque, under his full signature.
a)    Drawee
b)    Payee
c)    Holder
d)    Drawer