Banking Quiz for Canara Bank and Syndicate Bank PO Exam 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 not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.

Q1. The Indian government has announced an allocation of ________________ over 2 years for the recapitalization of public sector banks.

(a) Rs 30.74 lakh crore

(b) Rs 2.11 lakh crore

(c) Rs 17.53 lakh crore

(d) Rs 12.43 lakh crore

(e) Rs 9.27 lakh crore

Q2. India broke into the top 100 in the World Bank’s Ease of Doing Business rankings, notching up the biggest improvement among all countries on the back of big gains on a number of measures. Which country has topped in Ease of Doing Business rankings 2017?

(a) Norway

(b) Singapore

(c) New Zealand

(d) Switzerland

(e) Denmark

Q3. China-sponsored Asian Infrastructure Investment Bank (AIIB) approved USD 2 million loan (Rs. 13,000 crores) for five projects in-

(a) Gujarat

(b) West Bengal

(c) Assam

(d) Kerala

(e) Andhra Pradesh

Q4. The Reserve Bank of India has imposed a monetary penalty of ____________ on IDFC Bank for contravention of regulatory restrictions pertaining to loans and advances.

(a) Rs 2 crore

(b) Rs 4 crore

(c) Rs 10 crore

(d) Rs 6 crore

(e) Rs 12 crore

Q5. The State Bank of India has slashed IMPS charges up to 80 percent. IMPS stands for-

(a) Immediate Payment Sending

(b) Immediate Payment Sale

(c) Immediate Payment Solution

(d) Immediate Payment Service

(e) Immediate Payment System

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. 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

Q11. In the field of banking, what does ADF stand for?

(a) Additional Dearness Allowance

(b) Automated Data Flow

(c) Additional Deposit Allowance

(d) Automated Deposit Allowance

(e) None of the given options is true

Q12. 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

(c) SLR

(d) CRR

(e) MSF

Q13. National Sample Survey Organisation (NSSO) is an organization under the-

(a) Ministry of Finance

(b) Ministry of Rural Development

(c) Ministry of Commerce and Industry

(d) Ministry of Electronics and Information Technology

(e) Ministry of Statistics and Programme Implementation

Q14. BCSBI was registered as a society under the _____________ in February 2006.

(a) Companies Act, 1956

(b) Societies Registration Act, 1860

(c) Banking Regulation Act, 1949

(d) Reserve Bank of India Act, 1934

(e) None of the given options is true

Q15. The Financial Stability Board (FSB) is an international body for the global financial system, has placed India in the league of countries that are ‘compliant or largely compliant’ on the implementation of priority area reforms. In which among the following year FSB was established?

(a) 2001

(b) 2009

(c) 2003

(d) 2015

(e) 1997

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