Dear Readers,
Banking Awareness for IBPS Exam 2017
Just a few months are left for IBPS RRBs Mains It is time to pace up your preparation of Banking Awareness for IBPS RRB PO and Clerk Mains. These Banking questions will also help you in preparing for other upcoming banking recruitment examination.
Q1. Karnataka Vikas Grameena Bank and Andhra Pragathi Grameena Bank has recorded net profit of more than Rs 150 crore during 2016-17. How many Regional Rural Banks (RRBs) are currently working in India?
(a) 52
(b) 27
(c) 45
(d) 56
(e) 67
Q2. DHFL Pramerica Life Insurance Company has signed on Dhanlaxmi Bank as its bancassurance partner. Dhanlaxmi Bank based in-
(a) Kerala
(b) Odisha
(c) Maharashtra
(d) Gujarat
(e) Rajasthan
Q3. HDFC Bank has announced a software upgrade to create a single PoS machine which will accept payments through Unified Payments Interface (UPI), BharatQR, SMS Pay and the bank’s mobile wallet, in addition to the traditional mode of swiping cards. PoS stands for-?
(a) Product-of-Sale
(b) Point-of-Service
(c) Point-of-System
(d) Peace-of-Sale
(e) Point-of-Sale
Q4. Banks importing gold and precious metals will have to pay ______ per cent tax under the GST which can be claimed as input tax credit.
(a) 1 per cent
(b) 7 per cent
(c) 3 per cent
(d) 5 per cent
(e) 9 per cent
Q5. Solar energy services company Freyr Energy has tied up with __________ to offer term loans ranging from Rs 5 lakh to Rs 50 lakh for tenures up to five years, for solar rooftop installations in Telangana and Andhra Pradesh.
(a) Kotak Mahindra Bank
(b) Axis Bank
(c) ICICI Bank
(d) HDFC Bank
(e) South Indian Bank
Q6. According to the Finance Minister Arun Jaitley, taxes worth Rs 92,283 crore were collected in July 2017 from just 64.42 per cent of the total taxpayer base after GST has launched on 01st July 2017. Which country was the first to introduce GST?
(a) Germany
(b) USA
(c) Japan
(d) Canada
(e) France
Q7. China will give approx __________ for a BRICS economic and technology cooperation plan and another projects at the BRICS countries’ New Development Bank.
(a) $90 Million
(b) $30 Million
(c) $50 Million
(d) $80 Million
(e) $10 Million
Q8. Ujjivan Small Finance Bank Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has been given scheduled bank status by-?
(a) Finance Ministry
(b) SEBI
(c) RBI
(d) Government of India
(e) NABARD
Q9. Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in-?
(a) February 2004
(b) June 2008
(c) September 2006
(d) May 2012
(e) November 2000
Q10. Fincare Small Finance Bank (previously known as Disha Microfin Limited) kick-started its banking operations with about 25 operational branches across Gujarat, Tamil Nadu, Karnataka and Andhra Pradesh. Who is the present CEO of Fincare Small Finance Bank?
(a) Rajeev Yadav
(b) Chandra Shekhar Ghosh
(c) R A Sankara Narayanan
(d) Sunil Arora
(e) Rajiv Mehrishi
Q11. KV Rama Moorthy has assumed charge as Managing Director and Chief Executive Officer of Tamilnad Mercantile Bank. Tamilnad Mercantile Bank based in-
(a) Rajasthan
(b) Kerala
(c) Gujarat
(d) Tamil Nadu
(e) Maharashtra
Q12. Name the person, who has taken charge as Managing Director and Chief Executive Officer of Vijaya Bank?
(a) R A Sankara Narayanan
(b) Puneet Chhatwal
(c) Mr Rajiv Gauba
(d) RK Raghavan
(e) Ashish Chauhan
Q13. RBI included ___________ in the list of ‘too big to fail’ lenders, referred to as D-SIB or domestic systemically important bank. India’s largest lender SBI and private sector major ICICI Bank was classified as D-SIBs in 2015.
(a) Kotak Mahindra Bank
(b) Bank of Baroda
(c) Axis Bank
(d) Punjab National Bank
(e) HDFC Bank
Q14. DBS Bank India financial services group DBS Group Holdings has received in-principle approval from the RBI to convert its existing India franchise to a locally incorporated wholly-owned subsidiary (WOS) in India. Where is the headquartered of DBS Bank?
(a) Switzerland
(b) Germany
(c) Singapore
(d) Netherlands
(e) Australia
Q15. Reliance General Insurance has received in-principle approval from the Insurance Regulatory and Development Authority of India (IRDAI) for its IPO. IPO stands for-
(a) Initial Product Offering
(b) Initial Public Offering
(c) International Public Offering
(d) Initial Partnership Offering
(e) Indian Public Offering
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