Dear Readers,
Banking Awareness for IBPS Exam 2017
Just a few days are left for IBPS PO Mains. It is time to pace up your preparation of Banking Awareness for IBPS PO and Clerk Mains. These questions related to Banking Awareness will also help you in preparing for other upcoming banking recruitment examination.
Q1. In the field of banking, what does ADF stand for?
(a) Additional Dearness Allowance
(b) Automated Data Flow
(c) Additional Deposit Allowance
(d) Automated Deposit Allowance
(e) None of the given options is true
Q2. Which of the following is governed by the provisions of Section 42 (1) of the Reserve Bank of India Act, 1934?
(a) Bank rate
(b) Reverse Repo Rate
(c) SLR
(d) CRR
(e) MSF
Q3. National Sample Survey Organisation (NSSO) is an organization under the-
(a) Ministry of Finance
(b) Ministry of Rural Development
(c) Ministry of Commerce and Industry
(d) Ministry of Electronics and Information Technology
(e) Ministry of Statistics and Programme Implementation
Q4. BCSBI was registered as a society under the _____________ in February 2006.
(a) Companies Act, 1956
(b) Societies Registration Act, 1860
(c) Banking Regulation Act, 1949
(d) Reserve Bank of India Act, 1934
(e) None of the given options is true
Q5. The Financial Stability Board (FSB) is an international body for the global financial system, has placed India in the league of countries that are 'compliant or largely compliant’ on the implementation of priority area reforms. In which among the following year FSB was established?
(a) 2001
(b) 2009
(c) 2003
(d) 2015
(e) 1997
Q6. In which among the following year Asia's first Export Processing Zone (EPZ) was set up?
(a) 1959
(b) 1971
(c) 1965
(d) 1956
(e) 1975
Q7. The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to-
(a) Multinational Banks
(b) Multinational Financial Institutions
(c) Middle-Income Developing Countries
(d) Non-Government Organizations
(e) None of the given options is true
Q8. ___________ is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.
(a) NEFT
(b) RTGS
(c) NPCI
(d) BBPS
(e) IMPS
Q9. BCSBI was set up to ensure that the common person as a consumer of financial services from the banking Industry is in no way at a disadvantageous position and really gets what he/she has been promised. BCSBI stands for-?
(a) Branch Codes and Standards Board of India
(b) Banking Codes and Stability Board of India
(c) Banking Codes and Standards Bank of Industry
(d) Banking Codes and Society Board of Investment
(e) Banking Codes and Standards Board of India
Q10. Which of the following is an independent commodity exchange based in Mumbai?
(a) MGEX
(b) MCE
(c) MDEX
(d) MCX
(e) MEX
Q11. Which of the following is a pension scheme focused on the workers in the unorganised sector?
(a) SSY
(b) AMRUT
(c) APY
(d) PMAY
(e) None of the given options is true
Q12. An Indian rupee denominated bond issued outside India is called-?
(a) Yankee bond
(b) Bulldog bond
(c) Uridashi bond
(d) Samurai bond
(e) Masala bond
Q13. According to Fourth Bi-monthly Monetary Policy Statement 2017-18, the decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of ________ within a band of +/- 2 percent, while supporting growth.
(a) 3 percent
(b) 4 percent
(c) 5 percent
(d) 6 percent
(e) 7 percent
Q14. The projection of real GVA growth for 2017-18 has been revised down to _________ from the August 2017 projection of 7.3 percent by RBI in fourth Bi-monthly Monetary Policy Statement 2017-18.
(a) 6.7 percent
(b) 6.8 percent
(c) 6.9 percent
(d) 6.5 percent
(e) 6.6 percent
Q15. Who is head of MPC related to Banking of Financial term?
(a) Governor of RBI
(b) Deputy- Governor of RBI
(c) Union Finance Minister
(d) Chairman, NITI Aayog
(e) Revenue Secretary of GST
We will be updating the detailed solutions shortly.....
You may also like to Read:
CRACK IBPS PO 2017
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