Banking Awareness Questions for IBPS PO and Clerk Mains 2017 |

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Banking Awareness for IBPS Exam 2017

Just a few days are left for IBPS PO Mains. It is time to pace up your preparation of Banking Awareness for IBPS PO and Clerk Mains. These questions related to Banking Awareness will also help you in preparing for other upcoming banking recruitment examination.

Q1. SEPA Stands for-

(a) Scottish Environment Protection Agency

(b) Single Euro Payments Area

(d) Single Euro Payments Agency

(e) None of the given options is true

Q2. The Definition of ‘Banking’ is given in-

(a) Negotiable Instrument Act, 1881

(b) RBI Act, 1934

(d) Indian Contract Act, 1872

(e) None of the given options is true

Q3. Which of the following is governed by the provisions of Section 42 (1) of the Reserve Bank of India Act, 1934?

(a) Bank rate

(b) Reverse Repo Rate

(d) CRR

(e) MSF

Q4. Spurious coins detected at the counter are sent to-

(a) RBI

(b) GOI

(d) Mint

(e) Finance Ministry

Q5. National Sample Survey Organisation (NSSO) is an organization under the-

(a) Ministry of Finance

(b) Ministry of Rural Development

(d) Ministry of Electronics and Information Technology

(e) Ministry of Statistics and Programme Implementation

Q6. Standard & Poor’s (S&P) Global Ratings and its predecessor organizations have been in business for more than 150 years. (S&P) based in-

(a) New York, USA

(b) London, UK

(d) Vienna, Austria

(e) Geneva, Switzerland

Q7. Which is a full service credit rating agency exclusively set up for micro, small and medium enterprises?

(a) CRISIL

(b) ICRA

(d) ONICRA

(e) SMERA

Q8. Which of the following is an independent banking industry watchdog that protects consumers of banking services in the

country?

(a) BBB

(b) IBA

(d) IBRD

(e) RBI

Q9. The Banking Codes and Standards Board of India (BCSBI) was registered as a society under the _____________ in February 2006.

(a) Companies Act, 1956

(b) Societies Registration Act, 1860

(d) Reserve Bank of India Act, 1934

(e) None of the given options is true

Q10. Where is the head office of SMERA?

(a) Chennai

(b) Gurugram

(d) Mumbai

(e) Bengaluru

Q11. Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of Rs 9,000 crore ($1.4 billion) in mobile payments provider Paytm. Softbank is based in-

(a) Austria

(b) Japan

(d) China

(e) Russia

Q12. Which among the following banks has entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products of LIC?

(a) Kotak Mahindra Bank

(b) Axis Bank

(d) State Bank of India

(e) Karnataka Bank

Q13. HDFC Life has announced the launch of an artificial intelligence-based application ‘SPOK’ that can automatically read, understand, categorise, prioritise and respond to customer emails sent to the private insurer. Where is the corporate office of HDFC life?

(a) Nainital

(b) Jaipur

(d) New Delhi

(e) Ahmedabad

Q14. Which bank has launched a new trading platform called “Selfie” for customers in association with Geojit?

(a) Federal Bank

(b) IDFC Bank

(d) HDFC Bank

(e) ICICI Bank

Q15. _____________ and IFFCO rolled out their first set of co-branded debit cards for farmers as part of a novel initiative to push digitalisation and cashless economy.

(a) SIDBI

(b) SBI

(d) BOB

(e) NABARD

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