Important Banking Awareness Questions for IBPS Clerk Mains 2016

December 26, 2016    

Important Banking Awareness Questions for IBPS Clerk Mains 2016
Important Banking Awareness Questions for IBPS Clerk Mains 2016 Set-88:
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). Which of the following will be the authorised operational units?
a)   BBPCU
b)   BBPOU
c)   Biller
d)   All of the Above
e)   None of the Above


Answer: b)

2). What does SEZ stand for?
a)   Special Economic Zone
b)   South East Zone
c)   State Enterprise Zones
d)   Stream Environment Zone
e)   None of these


Answer: a)

3). In primary and secondary markets dealer of Government securities is known as?
a)   Ledger
b)   Corporate bond dealer
c)   Primary dealer
d)   Secondary dealer
e)   None of these


Answer: c)

4). What is the maximum age for MD and CEO in Private Sector Banks set by RBI?
e)   None of these


Answer: a)

5). ________ have been awarded the license by the Central Bank to operate Bharat Bill Payment System (BBPS) recently.
a)   Common Service Centres (CSC)
b)   Financial Institutions
c)   Only (A)
d)   Both (A) and (B)
e)   None of the Above


Answer: a)

6). Which of the following statement is/are not correct?
a)   Interest on term deposit is payable at quarterly or longer rests
b)   Banks are free to determine their savings bank deposit interest rate, subject to a few conditions
c)   Banks cannot accept interest-free deposits for current accounts
d)   With effect from April 1, 2010, Payment of interest on savings bank accounts by scheduled commercial banks would be calculated on daily product basis
e)   All of the above correct


Answer: c)

7). Reserve Bank of India was nationalized in:
a)   1946
b)   1947
c)   1948
d)   1949
e)   None of these


Answer: d)

8). Commercial paper may be issued for a period of ____?
a)   90 days
b)   91 to 180 days
c)   7 days to one year
d)   All the above
e)   None of the above


Answer: c)

9).  ______ is the rate at which commercial banks charge on their surplus funds with RBI.
a)   Repo Rate
b)   Reverse Repo Rate
c)   Interest Rate
d)   Bank Rate
e)   None of these


Answer: b)

10). Loan for fish rearing is covered under Prirority Sector as ________________ advances
a)   Self Employment Scheme
b)   Self Employment Scheme
c)   Indirect Agriculture
d)   Direct Agriculture
e)   None of these


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


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Important Banking Awareness Questions for IBPS Clerk Mains 2016 4.5 5 Yateendra sahu December 26, 2016 Important Banking Awareness Questions for IBPS Clerk Mains 2016 Set-88: Dear Readers, The List of important Banking Awareness Quiz for up...


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