Banking Awareness Questions for Canara Bank PO and Clerk

Dear Aspirants,

Banking Quiz for Canara Bank PO and IBPS Clerk 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. IFCI was the first Development Financial Institution of India set up to propel economic growth through the development of infrastructure and industry. IFCI established in-

1964

1956

1952

1950

1948

Solution:

The Government of India established The Industrial Finance Corporation of India (IFCI) on July 1, 1948, by way of an IFC Act 1948.

Q2. Where is the Corporate Office of Housing and Urban Development Corporation (HUDCO) Limited?

Chennai

Kolkata

Pune

New Delhi

Mumbai

Solution:

The Corporate Office of Housing and Urban Development Corporation Limited (HUDCO) is in New Delhi.

Q3. ITRS measures the individual balance of payments cash transactions passing through the domestic banks and foreign bank accounts of enterprises, and noncash transactions and stock positions. ITRS stands for-

International transactions reporting scheme

International transactions reporting service

International transactions reporting system

International transactions reporting security

International transactions reporting solutions

Solution:

An International transactions reporting system (ITRS) measures individual balance of payments cash transactions passing through the domestic banks and foreign bank accounts of enterprises, and noncash transactions and stock positions.

Q4. IFAD is an international financial institution and a specialised agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries. What is the full form of IFAD?

International Fund for Agricultural Department

International Fund for Agricultural Development

International Fund for Association Development

International Financial for Agricultural Development

International Fund for Agricultural Development

Solution:

The International Fund for Agricultural Development or IFAD is an international financial institution and a specialised agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries.

Q5. Where is the Headquarters of IFAD?

Rome, Italy

New York, USA

Vienna, Austria

Paris, France

London, UK

Solution:

IFAD is an international financial institution and specialized United Nations agency based in Rome (Italy), the UN’s food and agriculture hub.

Q6. Karur Vysya Bank was started in the year 1916. it is based in-

Chennai

Mengaluru

Karur

Aluva

Thrissur

Solution:

Karur Vysya Bank is an Indian old private-sector bank, headquartered in Karur in Tamil Nadu.

Q7. Dhanlaxmi Bank Ltd is an old private sector bank headquartered in-

Karur

Mengaluru

Thiruvananthapuram

Kochin

Thrissur

Solution:

Dhanlaxmi Bank Ltd is an old private sector bank headquartered in Thrissur City, Kerala.

Q8. ICICI Bank is an Indian multinational bank and financial services company. Where is the Head Office of ICICI Bank?

Mumbai

Kolkata

Chennai

Bengaluru

New Delhi

Solution:

ICICI Bank is an Indian multinational bank and financial services company headquartered in Mumbai.

Q9. Bandhan Bank Ltd. is an Indian banking and financial services company. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014. It is based in-

Mumbai

Bengaluru

Chennai

Kolkata

New Delhi

Solution:

Bandhan Bank Ltd. is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

Q10. The Catholic Syrian Bank Limited is an Indian private sector bank with its headquarters in-

Karur

Thrissur

Kochin

Thiruvananthapuram

Mengaluru

Solution:

The Catholic Syrian Bank Limited is an Indian private sector bank with its headquarters at Thrissur, Kerala, India. It is one of the oldest banks in India.

Q11. National Institute of Bank Management (NIBM) was established in _________________ by the Reserve Bank of India, in consultation with the Government of India, as an autonomous apex institution for research, training, education and consultancy in bank management.

1979

1949

1969

1959

1989

Solution:

National Institute of Bank Management (NIBM) was established in 1969 by the Reserve Bank of India, in consultation with the Government of India, as an autonomous apex institution for research, training, education and consultancy in bank management. Its mandate is to play a proactive role of “think-tank” of the banking system.

Q12. The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established on-

12th April 1992

12th April 1988

12th April 1990

12th April 1982

12th April 1999

Solution:

SEBI was established on 12th April 1992.

Q13. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) was established by Reserve Bank of India (RBI) as its wholly owned subsidiary on-

03rd February 1991

03rd February 1992

03rd February 1997

03rd February 1999

03rd February 1995

Solution:

Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) was established by Reserve Bank of India (RBI) as its wholly owned subsidiary on 3rd February 1995 with a view to augmenting the production of bank notes in India to enable the RBI to bridge the gap between the supply and demand for bank notes in the country.

Q14. In which year, CIBIL Limited (formerly Credit Information Bureau (India) Limited) was incorporated based on recommendations made by the RBI Siddiqui Committee?

2002

2000

2001

2004

2003

Solution:

TransUnion CIBIL Limited (formerly Credit Information Bureau (India) Limited) was incorporated based on recommendations made by the RBI Siddiqui Committee.

Q15. The Institute for Development & Research in Banking Technology (IBDRT) is a unique institution exclusively focused on Banking Technology. Established by the Reserve Bank of India in-

2001

1999

1992

1996

1989

Solution:

The Institute for Development & Research in Banking Technology is a unique institution exclusively focused on Banking Technology. Established by the Reserve Bank of India in 1996, the Institution works at the intersection of Banking and Technology.