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 announced ____________________ rupee award for states that would complete the household electrification early under the Saubhagaya scheme.

200 crore

50 crore

150 crore

10 crore

100 crore

Solution:

The government has announced 100 crore rupee award for states that would complete the household electrification early under the Saubhagaya scheme. Apart from discoms, employees would also collectively get 50 lakh rupees award for completing the task of electrifying households under the scheme.

Q2. The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4% points to _________________ for the October-December quarter.

7.5%

8.0%

8.4%

8.8%

7.8%

Solution:

The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4% points to 8.0% for the October-December quarter.

Q3. Online financial services marketplace BankBazaar has appointed former RBI Deputy Governor ________ as an advisor to the company.

Viral V Acharya

Usha Thorat

HR Khan

R Gandhi

SS Mundra

Solution:

Online financial services marketplace BankBazaar has appointed former RBI Deputy Governor (DG) SS Mundra as an advisor to the company. Mundra was a deputy governor at the RBI for three years till July 2017.

Q4. The sixth meeting of the UAE – India High Level Joint Task Force on Investments (‘the Joint Task Force’) was recently held in_______.

Kerala

Dubai

New Delhi

Abu-Dhabi

Mumbai

Solution:

The sixth meeting of the UAE – India High Level Joint Task Force on Investments (‘the Joint Task Force’) was held in Mumbai to review the progress being made in addressing the agreed actions of the previous meeting held in Abu Dhabi in January 2018 and to elaborate several new key issues of mutual importance.

Q5. Which of the following regulatory body has released operational guidelines to facilitate payments among prepaid instruments (PPI) such as mobile wallets?

IRDAI

SEBI

RBI

NABARD

CRICIL

Solution:

In a move aimed at promoting digital transactions, the Reserve Bank of India (RBI) has released operational guidelines to facilitate payments among prepaid instruments (PPI) such as mobile wallets.

Q6. _______________ recently displaces Accenture as the largest IT firm servicing banks in the world.

Infosys

TCS

Microsoft

Wipro

IBM

Solution:

Tata Consultancy Services (TCS) Ltd’s quarterly earnings from the financial sector have edged past that of Accenture Plc, which is nearly double its size, making company the world’s largest pure-play information technology (IT) and consulting firm servicing megabanks and insurers.

Q7. Which Indian firm is entering a strategic investment partnership with Den Networks Limited and Hathway Cable and Datacom Limited?

Adani Industries

Infosys

TCS

Reliance Industries

Airtel

Solution:

Mukesh Ambani’s Reliance Industries made it official that it is entering a strategic investment partnership with Den Networks Limited and Hathway Cable and Datacom Limited, which will be a ‘win-win’ outcome for customers, local cable operators, content producers, and the companies.

Q8. Recently Global Competitiveness Report 2018 was released. This report is released by_______.

World Bank

World Economic Forum

IMF

RBI

UNDP

Solution:

The World Economic Forum released the Global Competitiveness Report 2018.

Q9. Which of the following regulatory body has announced more measures to increase liquidity flows to the non-banking financial companies?

SEBI

RBI

CIBIL

IMF

IRDAI

Solution:

The Reserve Bank of India announced more measures to increase liquidity flows to the non-banking financial companies. The RBI permitted banks to use government securities equal to their incremental outstanding credit to NBFCs, over and above their outstanding credit to them as on October 19, to be used to meet liquidity coverage ratio requirements.

Q10. The Minister of State for Commerce & Industry C. R. Chaudhary, attended the 6th RCEP Inter-Sessional Ministerial Meeting (IMM) in Singapore. What does E stands for in RCEP?

Empowered

Economic

Establishment

Environmental

Equal

Solution:

RCEP stands for Regional Comprehensive Economic Partnership. RCEP negotiations were formally launched in November 2012 at the ASEAN Summit in Cambodia.

Q11. The RBI mainly considers retail inflation data while formulating monetary policy. What was the retail inflation in September 2018?

5.13%

3.77%

3.69%

4.53%

3.20%

Solution:

Data showed retail inflation rose to 3.77 percent in September from 3.69 percent in the previous month. The Wholesale Price Index (WPI)-based inflation stood at 4.53 percent in August and 3.14 percent in September last year.

Q12. Minister of State for Textiles __________ has stated that the Ministry will release 7.8 crore rupees for the construction of a textile tourism complex in Nongpoh, Ri-Bhoi district of Meghalaya.

Smriti Zubin Irani

Ajay Tamta

Jagat Prakash Nadda

Harsimrat Kaur Badal

Dr. Mahesh Sharma

Solution:

Minister of State for Textiles, Ajay Tamta has stated that the Ministry will release 7.8 crore rupees for the construction of a textile tourism complex in Nongpoh, Ri-Bhoi district of Meghalaya.

Q13. India and Sri Lanka has signed two MoU for construction of 1200 houses through 50 model villages, using Indian grant assistance of ______ Srilankan rupees.

200 crore

150 crore

90 crore

10 crore

60 crore

Solution:

India and Sri Lanka has signed two MoU for construction of 1200 houses through 50 model villages, using Indian grant assistance of 60 crore Srilankan rupees.

Q14. Which country has launched the world’s first Sovereign Blue Bond, a financial instrument designed to support sustainable marine and fisheries projects?

Kenya

Botswana

Seychelles

Sri Lanka

India

Solution:

The Republic of Seychelles launched the world’s first Sovereign Blue Bond, a financial instrument designed to support sustainable marine and fisheries projects. The bond raised USD 15 million from international investors. The bond demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources.

Q15. What is the cost of India's first engine-less train?

125 crore

50 crore

100 crore

200 crore

500 crore

Solution:

The Rs. 100-crore train is the first long-distance train, without a separate locomotive (engine).

You may also like to read:

Sports Current Affairs 2018

GK Capsules and PDF for Bank Exams

Free Practice Test Papers for Bank Exams

Study Notes for All Banking Exams 2018