Dear Banking Aspirant,

The exam which is hard to crack is here and the mains exam is still few days away and you have to prepare for that hard to crack the exam because the competition is higher and the number of candidates attending the mains exam for each state is less when compared to the prelims Examination.

This is one of the important exams and this will be the start for the IBPS CLERICAL MAINS EXAM which will happen in the new year. So start your preparations now with the RBI ASSISTANT Mains Planner and prepare for the exams. The Clerical Exam will be over and after that you still have to start your preparations for the RBI ASSISTANT mains exam so start from now on. You will be able to attend the questions if there is constant preparations are there.

We have planned this planner in such a way that this will cover all the current affairs from the month of September to November and the last two days will have quizzes from the month of December till 15th. So we have got the whole topics covered and this will be your key to crack the exam, because current affairs, banking awareness and Computer awareness equals to a total of 80 marks in the mains examination. As you all know the exams are getting tougher and we have to be prepared for any scenarios , so prepare hard for this RBI ASSISTANT MAINS EXAMINATION 2017 and crack the exam with your constant preparations.


Banking Awareness Day 9

Time : 10 Minutes

Q.1) Crossing on a cheque can be cancelled by the ________ of the cheque, under his full signature.

a) payee

b) drawee

c) endorser

d) holder

e) drawer

Q.2) Initially there were how many associate banks of State Bank of India in 1959:

a) Seven

b) Five

c) Two

d) Four

e) None of these

Q.3) During the period of Inflation, tax rates should?

a) Increase

b) Decrease

c) Fluctuate

d) Average

e) None of these

Q.4) Insurance sector is regulated by which of the following institution/organization?



c) RBI


e) None of these

Q.5) IRDA stands for:

a) International Reconstruction and Development Association

b) Insurance Regulatory and Development Authority

c) Indian Road Development Agency

d) Indian Reconstruction and Development Association

e) None of these

Q.6) TRIPS and TRIMS are associated with which of following organization:

a) WTO

b) IMF

c) IDA

d) RBI

e) None of these

Q.7)  “Hum Hai Na” is slogan of which bank?

a) ICICI Bank

b) Punjab National Bank

c) Vijaya Bank

d) Indian Bank

e) None of these

Q.8) Headquarter of World Bank is located at?

a) London

b) Washington D.C.

c) Geneva

d) Newyork

e) None of these

Q.9)  “Overdrafts” covered under which of following function?

a) Accepting Deposits

b) Advancing of Loans

c) Both of Above

d) Advancing Deposits

e) None of these

Q.10) For the overdraft facility, customer have to pay?

a) Interest

b) Commission

c) Normal Charges

d) Brokerage

e) None of these

Q.11) SIDBI stands for”

a) Specially Industries Development Bank of India

b) Sound Industries Development Bank of India

c) Small Industries Development Bank of India

d) Small Investment Development Bank of India

e) None of these

Q.12) The SARFAESI Act 2002 empowers Banks / Financial Institutions to recover their non-performing assets (bad loans) without the intervention of the Court. In “SARFAESI” second “S” stands for ____.

a) Securitisation

b) Security

c) Statutory

d) Share

e) Saving

Q.13) NHB was established on:

a) 19 July, 1992

b) 12 July, 1985

c) 9 July, 1988

d) 15July, 1999

e) None of these

Q.14) The account that allows you to buy, sell as well as transact without the need of any paperwork is?

a) Simple Account

b) Demat Account

c) Current Account

d) Deposit Account

e) None of these

Q.15) Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by:

a) Indian Contract Act


c) Government Notification

d) Banking Regulation Act

e) None of these

Q.16) Increase in the general level of prices for goods and services are known as?

a) Deflation

b) Inflation

c) Normal Price Increment

d) Normal Price

e) None of these

Q.17) A cheque which is payable to any person who presents it for payment at the bank counter is? called:

a) Cross Cheque

b) Bearer Cheque

c) Open Cheque

d) Local Cheque

e) None of these

Q.18) In which year Banking Commission was established?

a) 1971

b) 1972

c) 1974

d) 1975

e) 1976

Q.19) IRDA’s headquarter situated at?

a) Ahmedabad

b) Hyderabad

c) Aurangabad


e) None of these

Q.20) When ATM machine installed in the bank is out of order, it is called?

a) Operational Risk

b) Electronic Default

c) ATM Auto Default

d) Internet Default

e) None of these

Click below to check the answers for the Banking Awareness Quiz Day 1

Click Here to View Answer

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RBI Assistant 2017 Notification Released

You can check the perks of being a RBI Assistant and the emoluments of the premier banking institution from the link given below.