Banking Awareness Questions for IBPS RRB PO and Clerk

Dear Aspirants,

Banking Awareness for IBPS RRB PO and Clerk Exam 2018

With the increased competition in the field of banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness Quiz not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.

Q1. NABARD has sanctioned how much crore for eight water projects in the rural areas of Haryana?

Rs 1240 crore

Rs 772 crore

Rs 1013 crore

Rs 50 crore

Rs 230 crore

Solution:

According to the state Minister for Public Health Engineering Banwari Lal, National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 772 crore for eight water projects in the rural areas of Haryana.

Q2. SBM Group has received Reserve Bank of India’s approval to operate in the country through a wholly-owned subsidiary route. SBM Group based in-

China

Japan

Russia

Singapore

Mauritius

Solution:

Mauritius-based SBM Group has received Reserve Bank of India’s approval to operate in the country through a wholly-owned subsidiary route. It is the first foreign lender to receive such a licence after local incorporation was introduced in 2013.

Q3. Who is appointed as Director and General Manager of United India Insurance Company (UIIC)?

S Gopakumar

MD Ranganath

KS Srinivas

Manjula Chellur

SS Mundra

Solution:

Public sector non-life insurance firm United India Insurance Company announced the appointment of S Gopakumar as its Director and General Manager with immediate effect.

Q4. The Reserve Bank of India (RBI) will transfer _________________ crore of its surplus money to the government, the highest since 2015-16, in a partial relief for the latter struggling to replenish public sector banks.

Rs 80,000 crore

Rs 30,000 crore

Rs 60,000 crore

Rs 50,000 crore

Rs 40,000 crore

Solution:

The Reserve Bank of India (RBI) will transfer Rs50,000 crore of its surplus money to the government, the highest since 2015-16, in a partial relief for the latter struggling to replenish public sector banks.

Q5. Which Bank/Company has launched a new digital platform 'MyDeal' to simplify capital raising process through capital markets by providing real-time access to information such as investors' feedback, profiles, client orders and deal pricing?

Sony

Bank of America

HSBC

Barclays Bank

Royal Bank of Scotland

Solution:

Hongkong and Shanghai Banking Corporation (HSBC) has launched a new digital platform 'MyDeal' to simplify capital raising process through capital markets by providing real-time access to information such as investors' feedback, profiles, client orders and deal pricing.

Q6. PayPal, a digital payments platform has announced its strategic partnership with and ___________ to offer safer, faster and convenient payment experiences for the bank's cardholders.

State Bank of India

HDFC Bank

ICICI Bank

Axis Bank

Kotak Mahindra Bank

Solution:

PayPal, a digital payments platform has announced its strategic partnership with and HDFC Bank to offer safer, faster and convenient payment experiences for the bank's cardholders.

Q7. Name the insurance company that has entered into a bancassurance deal with Vijaya Bank recently?

Aegon Life Insurance Company

IDBI Federal Life Insurance

Aviva India

United India Insurance Company Limited

Bajaj Allianz General Insurance

Solution:

Bajaj Allianz General Insurance has entered into a bancassurance deal with Vijaya Bank. This corporate agency agreement will enable distribution of Bajaj Allianz General Insurance products through the bank’s network of 2,129 branches across the country.

Q8. Which Bank has become the first bank in the country to introduce Iris Scan Authentication feature for Aadhaar -based transactions through its micro ATM tablets?

Axis Bank

State Bank of India

Bank of Baroda

Punjab National Bank

ICICI Bank

Solution:

Axis bank has become the first bank in the country to introduce Iris Scan Authentication feature for Aadhaar -based transactions through its micro ATM tablets.

Q9. _________________ has signed a multilateral cooperation agreement with member development banks of BRICS to undertake “collaborative research” in distributed ledger/blockchain technology.

SIDBI

RBI

State Bank of India

Exim Bank of India

NABARD

Solution:

Exim Bank of India has signed a multilateral cooperation agreement with member development banks of BRICS to undertake “collaborative research” in distributed ledger/blockchain technology.

Q10. Name the company that became the first US-based company with a market value of $1 trillion.

IBM

Microsoft

Apple

Dell

Google

Solution:

Apple Inc. became the first US-based company with a market value of $1 trillion, four decades after it was co-founded by Steve Jobs in a Silicon Valley garage. The consumer-technology giant briefly touched the milestone in New York, based on share count data the company disclosed in a recent regulatory filing.

Q11. Mobile tower arm of telecom major Bharti Airtel, Infratel announced that it has received clearance from ________ for its merger with Indus Towers.

TRAI

SIDBI

RBI

SEBI

IRDAI

Solution:

Mobile tower arm of telecom major Bharti Airtel, Infratel announced that it has received clearance from SEBI for its merger with Indus Towers.

Q12. The European Union regulators have slapped __________________ with a record 4.34 billion euro ($5 billion) antitrust fine for abusing the dominance of its Android mobile operating system.

Google

Yahoo

Facebook

YouTube

Gmail

Solution:

The European Union regulators have slapped Alphabet-owned Google with a record 4.34 billion euro ($5 billion) antitrust fine for abusing the dominance of its Android mobile operating system.

Q13. 1st NAFIS, conducted by National Bank for Agriculture and Rural Development (NABARD), was recently released by Dr. Rajiv Kumar, Vice Chairman, NITI Aayog. What is the meaning of "S" in NAFIS?

Solution

Service

Survey

Scheme

System

Solution:

NABARD All India Financial Inclusion Survey (NAFIS), conducted by National Bank for Agriculture and Rural Development (NABARD), was released by Dr. Rajiv Kumar, Vice Chairman, NITI Aayog in New Delhi. The report revealed that farm households register higher income than the families solely dependent on non-farm livelihood activities in rural areas.

Q14. Who has been appointed as Independent Director on the Board of Indiabulls Housing Finance Ltd (IBHFL) for a period of three years?

Nikhil Nanda

Harivansh Narayan Singh

Rajendra Menon

MD Ranganath

SS Mundra

Solution:

Subhash Sheoratan Mundra has been appointed as Independent Director on the Board of Indiabulls Housing Finance Ltd (IBHFL) for a period of three years. The former Deputy Governor of the Reserve Bank of India (RBI) and senior banker is not replacing an existing member on the Board.

Q15. 1st NAFIS, conducted by National Bank for Agriculture and Rural Development (NABARD). What percent of the households reported having a bank account in this survey?

77.2%

88.1%

66.3%

55.4%

33.7%

Solution:

NABARD All India Financial Inclusion Survey (NAFIS), conducted by National Bank for Agriculture and Rural Development (NABARD), was released by Dr. Rajiv Kumar, Vice Chairman, NITI Aayog in New Delhi. 88.1% of the households reported having a bank account in this survey.