Important Banking Awareness Questions for IBPS Clerk/RRB 2016

Important Banking Awareness Questions for IBPS Clerk/RRB 2016 Set-75:

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

1).Banking in India is controlled by:

a)    Reserve Bank of India

b)    Union Finance Commission

c)    Union Ministry of Finance

d)    Union Ministry of Commerce

e)    None of these

Answer: a)

2).Which bank was the sponsor of Prathama Gramin Bank?

a)    Bank of Baroda

b)    Indian Bank

c)    Punjab National Bank

d)    Syndicate Bank

e)    None of these

Answer: d)

3).Which one of the following is/are implication(s) of large inflow of foreign exchange into the country?

I. It makes monetary management difficult for RBI.

II. It creates money supply, asset bubbles and inflation.

III. It weakens the competitiveness of Indian exports.

a)    Only I

b)    Only II

c)    Only III

d)    All of the above

e)    None of these

Answer: d)

4).With whom does the ownership of Public sector banks rest?

a)    Wholly with Government of India

b)    Jointly with Government of India and share-holders from the public

c)    Jointly with Government of India and State Bank of India

d)    Jointly with Government of India and Reserve Bank of India

e)    None of these

Answer: b)

5).In which years RBI and SBI are nationalized respectively?

a)    1955, 1949

b)    1969, 1955

c)    1949, 1955

d)    1955, 1969

e)    None of these

Answer: c)

6).Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by The Banker, the Financial Times Group’s monthly publication?

a)    Janet Yellen

b)    Raghuram Rajan

c)    Graeme Wheeler

d)    Mario Draghi

e)    None of these

Answer: b)

7).Which of the following sets up core banking infrastructure for rural banks?

a)    IBA

b)    NABARD

c)    RBI

d)    SIDBI

e)    None of these

Answer: b)

8).Which of the following is foreign bank having offices/branches in India? 

a)    Yes Bank

b)    HDFC Bank

c)    IDBI Bank

d)    Karnataka Bank

e)    Standard Chartered Bank

Answer: e)

9). Production is

a)    Destruction of Utility

b)    Creation of Value

c)    Creation of Utility

d)    Manufacture of goods

e)    None of these

Answer: c)

10).What is the cost of credit expressed as a percentage on a yearly basis called?

a)    APR

b)    APY

c)    WPI

d)    All of the above

e)    None of these

Answer: a)

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

For Useful Financial Awareness Material - Click Here 

For More Banking Awareness Questions- Click Here  

Let's block ads! (Why?)

- http://feedproxy.google.com/~r/blogspot/VyQLQ/~3/B8L2889hBTs/important-banking-awareness-questions-for-ibps-clerk-rrb-2016-set-75.html