Important Banking Awareness Questions for IBPS Clerk Mains 2016

Important Banking Awareness Questions for IBPS Clerk Mains 2016 Set-92:

Dear Readers, The List of important Banking Awareness Quiz for upcoming IBPS Clerk Mains exams was given here. Candidates those who are preparing for the exams can use this.

1). What is Repo Rate?

a)   It is a rate at which RBI sells government securities to banks

b)   It is a rate at which RBI buys government securities from banks    

c)   It is a rate at which RBI allows small loans in the market      

d)   All of these

e)   None of these

Answer: b)

2). Which of the following committees has given its recommendations on ‘Financial Inclusion’?

a)   Rakesh Mohan Committee   

b)   Rangrajan Committee

c)   Sinha committee

d)   Kelkar Committee      

e)   None of these

Answer: b)

3). A customer wishes to purchase some US dollars in India. She/he should go to:     

a)   Public Debt Division of the RBI only

b)   American Express Bank only        

c)   RBI or any branch of a bank which is authorized for such business

d)   Ministry of foreign affairs

e)   None of these

Answer: c)

4). Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation?  

a)   Personal loan   

b)   Corporate loan 

c)   Educational loan        

d)   Mortgage loan  

e)   None of these

Answer: c)

5). Which amongst the following organizations make major credit policies for the RRBs?         

a)   NABARD

b)   Asian development bank      

c)   World bank      

d)   SBI        

e)   None of these

Answer: a)

6). The head office of the National bank for agriculture and rural development (NABARD) is located in?     

a)   New Delhi        

b)   Hyderabad

c)   Mumbai

d)   Lucknow

e)   None of these

Answer: c)

7). Which of the following is an easy way of providing credit to the farmer community?

a)   Kisan credit card       

b)   Indira vikas patra       

c)   National saving certificates  

d)   Loan against gold      

e)   None of these

Answer: a)

8). Many times we read in newspapers that the RBI has revised certain rates/ ratios under LAF. What is the full form of LAF?        

a)   Liquidity Adjustment Facility.         

b)   Legal Adjustment Facility     

c)   Long-term Achievement Facility    

d)   Legal Adjustment Formality 

e)   None of these

Answer: a)

9). Which of the following is an international forum to discuss and implement supervisory norms in all the banks of the world?

a)   Basel Committee       

b)   UN charter on commercial laws.    

c)   World trade organization      

d)   International Board of banks and finance 

e)   None of these

Answer: a)

10). What is the full form of NBFC as used in the financial sector?

a)   New banking finance company

b)   National banking and Finance Corporation         

c)   New business finance and credit   

d)   New business fund company         

e)   None of these

Answer: e)

Answer:
1) B   2) B   3) C   4) C   5) A    6) C   7) A    8) A    9) A   10) E

For More Banking Awareness Questions- Click Here 

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