Banking Awareness Questions for IBPS RRBs PO and Clerk Mains 2017

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

Q1. Name the Private sector, which has committed Rs 156 crore to fund first Sewage Treatment Plant (STP) to be constructed at Varanasi under Hybrid Annuity-PPP Model recently.
(a) ICICI Bank
(b) HDFC Bank
(c) Axis Bank
(d) Yes Bank
(e) Kotak Mahindra Bank

Q2. Moody’s Investors Service has affirmed ratings on domestic as well as foreign currency bond programs of the country’s largest lender SBI. Who is the present Chairman of SBI?
(a) Rajnish Kumar
(b) Arundhati Bhattacharya
(c) Rakesh Sethi
(d) Sunil Mehta
(e) Usha Ananthasubramanian

Q3. Which company has became the first Indian company to cross Rs 6 trillion market capitalization after its shares surged over 75% so far this year and hit a fresh lifetime?
(a) Wipro Limited
(b) Tata Power
(c) Reliance Industries Ltd (RIL)
(d) Bharti Airtel
(e) Infosys

Q4. According to Fourth Bi-monthly Monetary Policy by RBI, the projection of real Gross Value Added (GVA) growth for 2017-18 has been revised down to ________ percent from the August 2017 projection of 7.3 per cent, with risks evenly balanced.
(a) 7.1 percent
(b) 6.6 percent
(c) 6.9 percent
(d) 6.8 percent
(e) 6.7 percent

Q5. The GST council has decided to reduce the GST rates on dried mangoes, Khakhra, plain chapatis, unbranded Namkeen, unbranded ayurvedic medicines and paper wastes to __________ from 12 percent.
(a) 6%
(b) 5%
(c) 8%
(d) 9%
(e) 7%

Q6. The RBI has issued guidelines to banks will provide funds to women self help groups, SHGs, in rural areas at ______ under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) in the current fiscal (2017-18). 
(a) 6 percent
(b) 5 percent
(c) 9 percent
(d) 8 percent
(e) 7 percent

Q7. The Reserve Bank of India has clarified that linking of Aadhaar to the bank account is mandatory under the Prevention of Money-Laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on 01st June 2017. PMLA and the Rules notified there under came into force with effect from-
(a) 01st July 2007
(b) 01st July 2006
(c) 01st July 2008
(d) 01st July 2005
(e) 01st July 2002

Q8. India Post Payments Bank (IPPB) has appointed __________ as its Managing Director & Chief Executive Officer.
(a) Manoj Kumar
(b) Rakesh Pahwa
(c) Suresh Sethi
(d) AP Singh
(e) None of the given options is true

Q9. Which among the following bank has launched the second edition of its Hackathon named ‘Digitize For Bank.’ This hackathon will be held from 1st to 12th November 2017.
(a) ICICI Bank
(b) State Bank of India
(c) Punjab National Bank
(d) Central Bank of India
(e) Bank of Baroda

Q10. In its South Asia Economic Focus (Fall 2017), the World Bank reduced India’s GDP growth forecast to _______ for 2017-18 from 7.2% estimated earlier.
(a) 7.0 percent
(b) 7.3 percent
(c) 6.9 percent
(d) 6.7 percent
(e) 7.1 percent

Q11. ___________ in association with MobiKwik had announced the launch of a co-branded wallet ‘IndusInd MobiKwik’ that allows its customers to pay at the MobiKwik merchant network using their accounts, with a ’Direct Debit Feature’.
(a) Axis Bank
(b) ICICI Bank
(c) Kotak Mahindra Bank
(d) IndusInd Bank
(e) South Indian Bank

Q12. The Engineering Export Promotion Council (EEPC) of India has signed an MoU with _________________ to provide easy access to finance for SMEs and merchant exporters of the council.
(a) Punjab National Bank
(b) Indian Overseas Bank
(c) Bank of India
(d) Corporation Bank
(e) Bandhan Bank

Q13. A new World Payment Report stated that the initiatives of the government and the NPCI will help non-cash transactions grow at a compound annual growth rate of 26.2 percent during 2016 to 2020. What is the meaning of “P” in NPCI?
(a) Pollution
(b) Piece
(c) Purchase
(d) Product
(e) Payment

Q14. The Indian government has announced an allocation of _______________ over 2 years for the recapitalization of public sector banks.
(a) Rs 17.34 lakh crore
(b) Rs 34.18 lakh crore
(c) Rs 2.11 lakh crore
(d) Rs 5.23 lakh crore
(e) Rs 10.17 lakh crore

Q15. After making Legal Entity Identifier (LEI) mandatory for transactions in interest rate, forex and credit derivative market, the Reserve Bank of India (RBI) is set to make LEI compulsory for companies having aggregate fund-based and non-fund based exposure over-
(a) Rs 5 crore
(b) Rs 10 crore
(c) Rs 15 crore
(d) Rs 20 crore
(e) Rs 25 crore