Banking Awareness Questions for IBPS Clerk Main

Dear Aspirants,

Banking Quiz for IBPS Clerk Main 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. The government has constituted a seven-member panel to select managing directors of public sector insurance companies. The panel would be headed by Banks Board Bureau (BBB) chairman ____________.

BP Sharma

KM Kamtah

Sunol Kanoongo

KP Shukla

Rati Nath Narayan

Solution:

The government has constituted a seven-member panel to select managing directors of public sector insurance companies. The panel would be headed by Banks Board Bureau (BBB) chairman BP Sharma.

Q2. Name the company that has recently announced a partnership with the Federation of Indian Micro and Small and Medium Enterprises(FISME) to empower Micro, Small & Medium Enterprises (MSMEs).

Amazon India

Flipkart

Myntra

Ebay

Ola Cabs

Solution:

In line with its vision of transforming the way India buys and sells, Amazon India announced a partnership with the Federation of Indian Micro and Small and Medium Enterprises(FISME) to empower Micro, Small & Medium Enterprises (MSMEs) to leverage growth opportunities in the e-commerce sector.

Q3. Which of the following organization launched the upgraded portal of the Women Entrepreneurship Platform (WEP)?

NITI Aayog

Ministry of Women and Child Development

Ministry of Corporate Affairs

Ministry of Skill Development and Entrepreneurship

Ministry of Rural Development

Solution:

The NITI Aayog organised the 3rd Edition of the Women Transforming India Awards 2018 and launched the upgraded portal of the Women Entrepreneurship Platform (WEP).

Q4. India announced a $1.4 billion package for which of the following country to meet its immediate budgetary as well as some medium-term requirements?

Sri Lanka

Nepal

Bangladesh

Pakistan

Maldives

Solution:

India announced a $1.4 billion package for the Maldives to meet its immediate budgetary as well as some medium-term requirements. Prime Minister Narendra Modi announced the package that includes soft loans after talks with visiting Maldives President Ibrahim Solih in New Delhi.

Q5. Who among the following has been elected as the Vice President of Federation of Indian Chambers of Commerce and Industry (FICCI) for 2018-19?

Uday Shankar

Karuna Nundy

Mukul Rohatgi

Madan Lokur

KT Shankar

Solution:

Star India’s Chairman and CEO Uday Shankar has been elected Vice President of Federation of Indian Chambers of Commerce and Industry (FICCI) for 2018-19.

Q6. Under AFCSS, announced by Assam government, whatever amount of loan the farmers took from banks and whatever amount they repaid, _______of the money will be reimbursed by the state government.

60%

33%

75%

50%

25%

Solution:

Under Assam Farmers’ Credit Subsidy Scheme (AFCSS), whatever amount of loan the farmers took from banks and whatever amount they repaid, 25% of the money will be reimbursed by the state government.

Q7. Who has been appointed as chairman of the Central Board of Indirect Taxes and Customs (CBIC), the apex policy-making body for indirect taxes?

Nripendra Misra

Pranab Kumar Das

Snehlata Shrivastava

Hasmukh Adhia

Pramod Kumar Misra

Solution:

Senior bureaucrat Pranab Kumar Das has been appointed as chairman of the Central Board of Indirect Taxes and Customs (CBIC), the apex policy-making body for indirect taxes. Das, special secretary and member (customs) at CBIC, was succeed S Ramesh.

Q8. IDFC Bank and non-banking financial company (NBFC) Capital First has announced the completion of their merger. The merged entity to be called as_______.

IDFC First Bank

IDFC Capital Bank

Capital IDFC Bank

IDFC- NBFC Bank

IDFC- Index Bank

Solution:

IDFC Bank and non-banking financial company (NBFC) Capital First has announced the completion of their merger, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity IDFC First Bank. The merged entity to be called IDFC First Bank, subject to shareholders’ approval.

Q9. Karnataka Bank announced a strategic partnership with __________ to offer the bank’s home loan product to customers on its platform.

Bankbazaar.com

LIC India

Policybazaar.com

Paisabazaar.com

None of the above option is the right answer

Solution:

Paisabazaar.com, India’s largest online marketplace for financial products, and Karnataka Bank announced a strategic partnership to offer the bank’s home loan product to customers on the Paisabazaar platform.

Q10. At what % of GDP at current market prices, the Reserve Bank of India, in consultation with the government, has decided to have a rule-based dynamic limit for outstanding stock of External Commercial Borrowings (ECB)?

7.5%

6.5%

3.3%

4.5%

10%

Solution:

The Reserve Bank of India, in consultation with the government, has decided to have a rule-based dynamic limit for outstanding stock of External Commercial Borrowings (ECB) at 6.5% of GDP at current market prices.

Q11. The Union Ministry of Environment, Forest and Climate Change launched the “Asiatic Lion Conservation Project” to protect and conserve the population of Asiatic Lion and its associated ecosystem. What is the total budget of the project for 3 years?

Rs 85.75 Crore

Rs 110.10 Crore

Rs 90.15 Crore

Rs 121.65 Crore

Rs 97.84 Crore

Solution:

The Asiatic Lion Conservation Project is aimed at the conservation and recovery of Asiatic Lion with the help of up to date techniques, instruments, regular scientific research studies, disease management, modern surveillance and patrolling techniques. The total budget of the project for 3 years amounts to around Rs 9784 lakh (97.84 Crore).

Q12. The government has decided to infuse an additional outlay to cash-starved public sector banks (PSBs). What is the additional amount decided by the government?

Rs 61,000 crore

Rs 41,000 crore

Rs 100,000 crore

Rs 33,000 crore

Rs 53,000 crore

Solution:

The government will infuse an additional Rs 41,000 crore into cash-starved public sector banks (PSBs). The outlay will go up from Rs. 65,000 crore to Rs. 1,06,000 crore in the current financial year to propel economic growth, cementing India’s position as the fastest growing economy of the world.

Q13. Which of the following bank was conferred with SKOCH Award in ‘Banking and Finance (B&F) Silver Category’?

J&K Bank

UCO Bank

State Bank of India

IndusInd Bank

HDFC Bank

Solution:

Commerce and Industry Minister Suresh Prabhu has conferred the Skoch Golden Jubilee Challenger Award at the 55th Skoch Summit in New Delhi. J&K Bank was conferred with SKOCH Award in ‘Banking and Finance (B&F) Silver Category’.

Q14. Prime Minister Narendra Modi releases a ______rupees commemorative coin in honour of former Prime Minister and Bharat Ratna Atal Bihari Vajpayee.

1000

100

150

Solution:

Prime Minister Narendra Modi releases a 100 rupees commemorative coin in honour of former Prime Minister and Bharat Ratna Atal Bihari Vajpayee. Atal Bihari Vajpayee’s birth anniversary, which falls on 25th December, is celebrated as ‘Good Governance Day’.

Q15. The Reserve Bank of India has shortlisted six major IT companies, including TCS, Wipro and IBM India, to set up a wide-based DPCR. What does C stands for in DPCR?

Clearing

Corporate

Corporation

Credit

Cheque

Solution:

The Reserve Bank of India has shortlisted six major IT companies, including TCS, Wipro and IBM India, to set up a wide-based digital Public Credit Registry (PCR) for capturing details of all borrowers and wilful defaulters.

Banking Awareness Questions for IBPS Clerk Main | 10th January 2019 |_3.1

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