Important Banking Awareness Questions for IBPS Clerk Mains 2016 Set-87:
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 does ‘I’ in IDBI stand for?
a) International
b) Indian
c) Investment
d) Industrial
e) None of these
Answer: d)
2). Who fixes the interest on Savings Deposit?
a) Reserve Bank of India
b) Government of India
c) Respective Banks
d) Finance Minister
e) None of these
Answer: c)
3). Which of the following banks is limited to the needs of agriculture and rural finance?
a) RBI
b) SBI
c) IFC
d) NABARD
e) Axis Bank
Answer: d)
4). Which of the following is the full form of the term SLR as used in the banking sector?
a) Social Lending Ratio
b) Statutory Liquidity Ratio
c) Scheduled Liquidity Rate
d) Separate Lending Rate
e) None of these
Answer: b)
5). The Concept of ‘Universal Banking’ was implemented in India on the recommendations of:
a) Abid Hussai Committee
b) R H Khan Committee
c) S Padmanabhan Committee
d) YH Malegam Committee
e) None of these
Answer: b)
6). In India, the currency notes and coins of one rupee and lower denomination are issued by
a) Reserve Bank of India
b) Ministry of Finance
c) Indian Government
d) None of the above
e) None of these
Answer: b)
7). Which of the following banks was first to establish merchant banking business in India?
a) ABN Amro Bank
b) Citibank
c) HDFC Bank
d) Standard chartered
e) Grindlays Bank
Answer: e)
8). What is ‘STT’?
a) Standard Transaction Tax
b) Securities transaction tax
c) Standard transfer tax
d) Both (a) and (c)
e) None of these
Answer: b)
9). The custodian of FOREX Reserve of GOI is
a) IRDA
b) SEBI
c) RBI
d) PFRDA
e) None of these
Answer: c)
10). Expand FIPB –
a) Foreign Investment Promotion Brochure
b) Foreign Investment Production Board
c) Foreign Investment Promotion Board
d) Foreign Direct Investment Promotion Board
e) None of these
Answer: c)
1).d) 2).c) 3).d) 4).b) 5).b) 6).b) 7).e) 8).b) 9).c) 10).c)
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