Banking Awareness Questions for IBPS Clerk Mains 2017

Just a few days are left for IBPS Clerk Mains. It is time to pace up your preparation of Banking Awareness for IBPS SO and Clerk Mains. These questions related to Banking Awareness will also help you in preparing for other upcoming banking recruitment examination.

Q1. ___________ is vested with the responsibility of conducting monetary policy. 

(a) RBI

(b) SBI

(c) NABARD

(d) SIDBI

(e) Finance Ministry

Q2. In which year the Reserve Bank of India (RBI) Act, 1934 was amended to provide a statutory basis for the implementation of the flexible inflation targeting framework?

(a) May 2013

(b) May 2014

(c) May 2015

(d) May 2016

(e) May 2012

Q3. Which scheme/act has enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks?

(a) Reserve Bank of India Act, 1934

(b) Banking Regulation Act, 1949

(c) Securitization Act 2002

(d) FEMA 

(e) Banking Ombudsman Scheme

Q4. The Banking Ombudsman Scheme is introduced by RBI with effect from- 

(a) 1991

(b) 1995

(c) 1990

(d) 2002

(e) 2006

Q5. IBA adopts a consultative approach to give its views on any issue pertaining to banking sector. What is the meaning of “I” in IBA?

(a) International

(b) Institute

(c) Investment

(d) Indian

(e) Increase

Q6. Which Bank has launches 10-second paperless instant loan Scheme?

(a) HDFC

(b) SBI

(c) PNB

(d) IDBI

(e) ICICI

Q7. Which among the following organisation to provide Rs 30,000 crore credit to farmers for irrigation?

(a) NABARD

(b) RBI

(c) SBI

(d) PNB

(e) SIDBI

Q8. Which of the following bodies regulates the Regional Rural Banks?

(a) Union Government

(b) SBI

(c) RBI

(d) NABARD

(e) SIDBI

Q9. Which among the following banks has launched the First Multi-Currency Contactless Card service in India?

(a) HDFC Bank

(b) Axis Bank

(c) State Bank of India

(d) Punjab National Bank

(e) ICICI Bank

Q10. Name the organisation, which has allows Banks to tie up with insurers?

(a) IRDAI

(b) RBI

(c) SBI

(d) World Bank

(e) SEBI

Q11. An FVCI can invest in an Indian company engaged in–

(a) Biotechnology

(b) Dairy industry

(c) Production of bio-fuels

(d) IT related to hardware and software development

(e) All of the above

Q12. If the shares or convertible debentures are not issued within __________ days from the date of receipt of the inward remittance or date of debit to NRE/FCNR(B)/Escrow account, the amount shall be refunded. 

(a) 210 days

(b) 150 days

(c) 180 days

(d) 120 days

(e) 90 days

Q13. FCCB is a type of corporate bond issued by an Indian company in an overseas market in a currency different from that of the issuer. FCCB stands for-

(a) Foreign Currency Convertible Board 

(b) Foreign Currency Convertible Banking 

(c) Foreign Currency Convertible Bond 

(d) Foreign Currency Convertible Base 

(e) Foreign Currency Convertible Basel 

Q14. What is the meaning of “C” in ECB?

(a) Concourse

(b) Cashless

(c) Common

(d) Conclusion

(e) Commercial

Q15. ECB can be raised under Track-II for general corporate purpose (including working capital). The minimum average maturity period will be-

(a) 05 years

(b) 10 years

(c) 15 years

(d) 20 years

(e) 25 years