30 Sample Banking Awareness questions for IBPS PO/Clerk/RRB Exam

We published some model IBPS banking awareness questions few days ago. Today we are going to publish some more sample banking awareness questions for IBPS PO/clerk/RRB exams which will be very useful for upcoming IBPS banking recruitment exams. Check here for 30 model IBPS banking awareness questions.


1. The validation of Traveller's Cheques is-

(a) Three months
(b) Six months
(c) One year
(d) No limit-are valid till encashed




2. What is the minimum balance required to maintain a cheque book facility?

(a) Rs. 100
(b) Rs. 200
(c) Rs. 500
(d) Rs. 1000




3. What is documentation?

(a) Proper execution of documents
(b) Stamping of document
(c) Cancellation of stamps
(d) None of the above




4. Which of the following is the Central Bank of India?

(a) The Reserve Bank of India
(b) The State Bank of India
(c) The Andhra Bank
(d) Bank of India




5. State Bank of India was established in-

(a) 1935
(b) 1969
(c) 1955
(d) 1946




6. What is the number of Public Sector Banks in India at present?

(a) 8
(b) 20
(c) 28
(d) 14




7. Which are not commercial Banks?

(a) Foreign Banks
(b) State Co-operative Banks
(c) Private Banks
(d) Regional Rural Banks




8. In which country SBI has the maximum numbers of foreign offices?

(a) U.S.A.
(b) U.K.
(c) Germany
(d) Japan




9. In which current the payment of interest is effected in the case of FCNR accounts?

(a) Indian Rupee
(b) Only in Pound
(c) Same currency in which deposit stands
(d) Yen




10. What is Balance Sheet?

(a) Statement of assets and liabilities on a particular date
(b) Statement of profit and loss on a particular date
(c) Position of cash balance
(d) Statement of assets and liabilities for a particular year





11. How is the interest on the savings bank accounts compounded?

(a) Monthly
(b) Yearly
(c) Quarterly
(d) Half-yearly




12. In case of a joint savings bank account, the limitation of the number of persons is-

(a) Two
(b) Four
(c) Five
(d) No limit




13. From which sources does the Government of India drive maximum revenue?

(a) Income tax
(b) Customs
(c) Sales tax
(d) Excise duty




14. After how many days does a cheque become stale?

(a) 2 months
(b) 3 months
(c) 6 months
(d) 12 months




15. What is the minimum period to hire a locker in banks?

(a) 1 week
(b) 3 months
(c) 6 months
(d) 12 months




16. What is Gift Cheque?

(a) A negotiable instrument
(b) An order instrument
(c) Simple receipt
(d) A quasi-negotiable instrument




17. Who has issued Master shares?

(a) RBI
(b) SBI
(c) UTI
(d) LIC




18. What is the limit for a currency transfer?

(a) 10 lakhs
(b) 25 lakhs
(c) 1 crore
(d) no limit




19. The minimum period of medium and long-term loans is-

(a) 12 months
(b) 18 months
(c) 24 months
(d) 36 months




20. Which of the following bank does not belong to State Bank Group?

(a) State Bank of Indore
(b) Banaras State Bank
(c) State Bank of Bikaner and Jaipur
(d) State Bank of Patiala




21. From a banker’s point of view, which is the most risky charge?

(a) Pledge
(b) Hypothecation
(c) Mortgage
(d) Lien




22. What is the safest form of crossing?

(a) Account payee crossing
(b) General crossing
(c) Special crossing
(d) Double crossing




23. A cheque which is not crossed is known as-

(a) Open cheque
(b) Bearer cheque
(c) Uncrossed cheque
(d) Order cheque




24. On which of the following the banker has a lien?

(a) Bonds given for collection
(b) Bonds given for safe custody
(c) Bonds left by mistake
(d) (a) and (b) together




25. To open a Home Loan Account the minimum amount of contribution is-

(a) Rs. 5
(b) Rs. 10
(c) Rs. 20
(d) Rs. 30




26. Under which of the following Regional Rural Banks (RRB) are classified?

(a) Land Developments Banks
(b) Co-operative Banks
(c) Commercial Banks
(d) Public Sector Banks




27. When were the Regional Rural Banks (RRBs) set up?

(a) January 1, 1975
(b) March 11, 1975
(c) April 1, 1975
(d) October 2, 1975




28. On which of the following EXIM Bank concentrate?

(a) Medium-term financing
(b) Short-term financing
(c) Short and medium-term financing
(d) Short and long-term financing




29. Who refinances the loans granted by SFC?

(a) IDBI
(b) SIDBI
(c) RBI
(d) both (a) and (b)




30. When was the Industrial Finance Corporation of India set up?

(a) March 1948
(b) April 1948
(c) July 1948
(d) October 1948

Check more IBPS banking awareness questions here-

• 25 Important Model IBPS Banking Awareness questions
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