Dear Readers,
Just a few days are left for Bank of Baroda PO and NIACL Assistant Mains Examination. It is time to pace up your preparation of Banking Awareness for Bank of Baroda PO and NIACL Assistant Mains 2017. These Banking questions will also help you in preparing for SBI PO Mains 2017, and NICL AO Mains 2017 recruitment examination.
Q1. The Reserve Bank of India has released the first Bi-monthly monetary policy of the new financial year (2017-18) on 06th April 2017. The RBI has however hiked its outlook for GDP growth to ___________ in this fiscal from 6.7% last year.
(a) 7.1 percent
(b) 7.2 percent
(c) 7.3 percent
(d) 7.4 percent
(e) 7.5 percent
Q2. Aditya Birla Idea Payments Bank Ltd has become the seventh entity to receive a final license from the Reserve Bank of India (RBI) to set up a payments bank. Which among the following payment bank is India’s first payments bank that started its initial operation in Rajasthan?
(a) Airtel Payments Bank
(b) Sun Pharmaceuticals
(c) Reliance Industries
(d) Department of Posts
(e) FINO PayTech
Q3. ICICI Bank and Axis Bank has sold Rs.1, 800 crores of loans to paper maker Ballarpur Industries Ltd to Edelweiss Asset Reconstruction Company. Who is present CEO of Axis Bank?
(a) Arundhati Bhattacharya
(b) Chanda Kochhar
(c) Shikha Sharma
(d) Naina Lal Kidwai
(e) Manjula Chellur
Q4. IDBI Bank has reduced interest rates, ranging from 50 to 75 basis points, on retail term deposits (RTD) with effect from April 5, 2017. Where is headquarter of IDBI Bank?
(a) Bengaluru
(b) Mumbai
(c) New Delhi
(d) Chennai
(e) Kolkata
Q5. The Reserve Bank of India (RBI) has decided to slash clearance time for NEFT in an attempt to enhance the efficiency of the electronic payment system and add to customer convenience. What is the meaning of “E” in NEFT?
(a) Easily
(b) Electricals
(c) Every
(d) Essential
(e) Electronic
Q6. Ratnakar Bank limited (RBL) Bank has announced the opening of its Indian Financial System Code (IFSC) Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City). Where is the corporate office of RBL Bank?
(a) Kolhapur
(b) Pune
(c) Nagpur
(d) Mumbai
(e) Nasik
Q7. HDFC Bank has announced its UPI will also be available on Chillr, a multi-bank mobile payments app. What is the meaning of “I” in UPI?
(a) Instant
(b) International
(c) Initial
(d) Interface
(e) None of the above
Q8. Which among the following public sector bank has embarked upon an ambitious project of upgrading the bandwidth at all its branches to 2 Mbps in partnership with BSNL?
(a) State Bank of India
(b) Andhra Bank
(c) Dena Bank
(d) Syndicate Bank
(e) Canara Bank
Q9. The Reserve Bank of India has allowed banks to invest in REITs and InvITs, a move that will help revive the cash-starved infrastructure sector. REITs stand for-
(a) Real Estate Investment Treaty
(b) Real Estate Investment Trust
(c) Real Estate Investment Transfer
(d) Real Estate Interface Trust
(e) Real Electrical Investment Trust
Q10. _________________ which just received the Reserve Bank of India’s license to launch a payments bank has inked a deal with ICICI group companies to distribute insurance products and tied up with Exide Life insurance to sell products via its distribution channel.
(a) Au Financiers (India) Ltd.
(b) Fino Paytech
(c) Capital Local Area Bank Ltd.
(d) Equitas Holdings P Limited
(e) None of the above
Q11. Kerala-based NBFC Manappuram Finance will launch its own co-branded prepaid card in the tie-up with _____________ to promote digital financial transactions.
(a) Canara Bank
(b) HDFC Bank
(c) Yes Bank
(d) ICICI Bank
(e) Bank of Baroda
Q12. ESAF Small Finance Bank has launched a social deposit scheme called ‘Hrudaya Deposit scheme’ recently. Where is headquarter of ESAF Small Finance Bank?
(a) Tiruchirappalli, Tamil Nadu
(b) Udupi, Karnataka
(c) Thrissur, Kerala
(d) Kolhapur, Maharashtra
(e) None of the above
Q13. Who has been appointed as the new MD and CEO of Karnataka Bank Ltd?
(a) Mahabaleshwara Mavinakudige Subrahmanya
(b) Polali Jayarama Bhat
(c) Dr. Mukulita Vijayawargiya
(d) Mukta Dutta Tomar
(e) None of the above
Q14. As part of FATCA compliance, the Central Board of Direct Taxes (CBDT) has asked the banks/financial institutions to link their accounts with Aadhar number and self-certification from customers by April 30th, 2017 to avoid closure of accounts. FATCA stands for-
(a) Foreign Account Tax Compliance Act
(b) Foreign Account Tax Compliance Assistant
(c) Foreign Account Tenure Compliance Act
(d) Foreign Account Tax Companies Assembly
(e) Financial Account Taxable Compliance Act
Q15. Department of Posts has joined hands with State Bank of India to promote ‘SBI buddy e-wallet’ and POS machines for cashless transactions at post office counters while booking speed post and registered post items. What is the meaning of “S” in POS?
(a) Securities
(b) Setting
(c) System
(d) Service
(e) Sale
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