Important Banking Awareness Questions for IBPS Clerk Mains 2016

Important Banking Awareness Questions for IBPS Clerk Mains 2016 Set-85:

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). The SEBI amended the regulations for REITs recently to facilitate their growth, What is the full form of the term REITs?

a)   Rural Estate Investment Trusts

b)   Regional Estate Innovation Trusts

c)   Real Estate Investment Trusts

d)   Restructured Estate Investment Trusts

e)   None of these

Answer: c)

2). “Entry Load” is a term associated with which of the following?

a)   Mortgage

b)   Reinsurance

c)   Startups

d)   Mutual Funds

e)   Shipping

Answer: d)

3). The BASE III banking rules is a global, voluntary regulatory framework on bank capital adequacy, stress testing and marketing liquidity risk. It will fully kick in by __________.

a)   March 2017

b)   June 2017

c)   Sep 2018

d)   March 2019

e)   June 2019

Answer: d)

4). The Reserve Bank of India (RBI) follows the _________ financial year.

a)   Jan to Dec

b)   Apr to March

c)   July to June

d)   Sep to Aug

e)   Oct to Sep

Answer: c)

5). As per the provision of the Coinage Act, 2011, coins of any denomination not lower than one rupee shall be legal tender for _______.

a)   Any sum

b)   Any sum not exceeding Rs. 10

c)   Any sum not exceeding Rs. 50

d)   Any sum not exceeding Rs. 100

e)   Any sum not exceeding Rs. 500

Answer: a)

6). A cheque that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the cheque, is called _______,

a)   Open cheque

b)   Order cheque

c)   Stale Cheque

d)   Post-dated cheque

e)   Ante-dated cheque

Answer: a)

7). The RIDF is a fund maintained by the National Bank for Agriculture and Rural Development (NABARD). What does the letter “R” denote in the term RIDF?

a)   Regional

b)   Rural

c)   Referral

d)   Railway

e)   Rehabilitation

Answer: b)

8). Which of the following terms is NOT used in the field of banking?

a)   Moral Suasion

b)   Assignment

c)   NAV

d)   Knot

e)   Kite flying

Answer: d)

9). A current or a saving bank account with a bank will be classified as an “inactive account” if the account holder has not done any transactions through it for more than _______.

a)   3 months

b)   6 months

c)   9 months

d)   12 months

e)   24 months

Answer: d)

10). What is the headquarters of Canara Bank?

a)   Mangalore

b)   Bengaluru

c)   Chennai

d)   Manipal

e)   Hyderabad

Answer: b)

1).c)  2).d)  3).d)  4).c)  5).a)  6).a)  7).b)  8).d)  9).d)  10).b)

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