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IBPS RRB Office Assistant Financial Institutions — practice questions

Explore 67 free Financial Institutions questions in IBPS RRB Office Assistant Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Financial Institutions questions and exercises with answers

Showing questions 1–30 of 67.

Match each function of moneyRead the answer and worked solution →Sort each item on a bank balance sheetRead the answer and worked solution →Order the rounds of credit creationRead the answer and worked solution →True or false: money and banksRead the answer and worked solution →Key in the banking numberRead the answer and worked solution →The Lead Bank Scheme traces its origin to the study group headed by:Read the answer and worked solution →The Gadgil Study Group recommended the adoption of an:Read the answer and worked solution →Which committee endorsed the area approach in November 1969?Read the answer and worked solution →The Lead Bank Scheme was introduced by the Reserve Bank in:Read the answer and worked solution →Under the scheme, one bank is given lead responsibility for a:Read the answer and worked solution →Which forum works at the block level under the scheme?Read the answer and worked solution →The Block Level Bankers Committee is chaired by the:Read the answer and worked solution →Block Level Bankers Committee meetings are held:Read the answer and worked solution →Who from NABARD must attend every block committee meeting?Read the answer and worked solution →The Reserve Bank is represented at block meetings by the:Read the answer and worked solution →Panchayat Samiti representatives attend block meetings:Read the answer and worked solution →District Consultative Committees were constituted in the:Read the answer and worked solution →The District Consultative Committee is chaired by the:Read the answer and worked solution →Who convenes the District Consultative Committee meetings?Read the answer and worked solution →District Consultative Committee meetings are convened:Read the answer and worked solution →The District Consultative Committee gives feedback to the:Read the answer and worked solution →District Level Review Committee meetings are chaired by the:Read the answer and worked solution →Which public representatives are invited to the district review forum?Read the answer and worked solution →The State Level Bankers Committee was constituted in:Read the answer and worked solution →The State Level Bankers Committee is chaired by the head of the:Read the answer and worked solution →State Level Bankers Committee meetings are held on a basis that is:Read the answer and worked solution →The state committee is co-chaired by the Additional Chief Secretary or:Read the answer and worked solution →State committee meetings should focus mainly on:Read the answer and worked solution →Which sub-committee finalises a compact agenda for the state forum?Read the answer and worked solution →The Lead District Manager must convene a public meeting:Read the answer and worked solution →

Worked practice questions

Match each function of money

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Matching pairs
  1. Left
    Medium of exchange
    Right
    Accepted in payment, so barter is not needed
  2. Left
    Unit of account
    Right
    Every price can be quoted in the same units
  3. Left
    Store of value
    Right
    Wealth can be held in it for future use
Instructions
Tap a function on the left, then tap what it means.
_Source: syllabus Macroeconomics XII Ch3 Money and Banking, 3.1 FUNCTIONS OF MONEY_

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Sort each item on a bank balance sheet

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Items
  1. Item
    Loans given out
    Answer
    left
  2. Item
    Reserves at RBI
    Answer
    left
  3. Item
    Cash in hand
    Answer
    left
  4. Item
    Treasury bills
    Answer
    left
  5. Item
    Customer deposits
    Answer
    right
Categories
Left
Asset
Right
Liability
Instructions
Swipe left if it is an asset of the bank, right if it is a liability.
_Source: syllabus Macroeconomics XII Ch3 Money and Banking, 3.3 MONEY CREATION BY BANKING SYSTEM_

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Order the rounds of credit creation

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Steps
  1. A customer deposits 100 with the bank
  2. The bank keeps 20 as its required reserve
  3. The bank lends the remaining 80
  4. That 80 comes back as a fresh deposit
  5. The bank keeps a reserve on the larger deposit
  6. Lending repeats until deposits reach 500
Instructions
Tap the steps in the order a bank creates credit from one deposit.
_Source: syllabus Macroeconomics XII Ch3 Money and Banking, 3.3 MONEY CREATION BY BANKING SYSTEM_

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More Banking Awareness topics

RBI BasicsNPA & RecoveryBanker-Customer RelationshipNegotiable Instruments ActRBI Act & BR ActMonetary PolicyBasel Norms & CapitalDeposit Insurance