General Awareness Questions asked in IBPS PO Mains 2016 (Part-2)

Q1. Bharat Bill Payment System is a major component of the retail payment transactions in India, and is characterized by the presence of large number of billers, who provide a variety of payment options to their customers. According to information available on the RBI website, the top 20 cities are generating INR how much amount in bill payments every year ?
(a) INR 16,810 billion
(b) INR 4,703 billion
(c) INR 10,172 billion
(d) INR 6,223 billion
(e) None of the above

Q2. Currency risk is the potential risk of loss from fluctuating foreign exchange rates when an investor has exposure to foreign currency or in foreign-currency-traded investments. Currency risk is sometimes referred to as-
(a) Monetary Rate
(b) Export Rate 
(c) Trade Rate
(d) Exchange-rate risk
(e) None of the above

Q3. The government has named _________ outside experts as members of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), moving to a model followed in the developed world.
(a) One 
(b) Two
(c) Three
(d) Four
(e) Five

Q4. MasterCard is rolling out its Identity Check service, popularly known as ________ to customers in Europe through a new mobile app.
(a) Selfie pay
(b) Voice Record
(c) Finger print
(d) Video play
(e) None of the aove

Q5. Who has launched the party name as People’s Resurgence Justice Alliance (PRJA)? 
(a) Niranjan Jyoti
(b) Irom Sharmila#
(c) Aung San Suu Kyi
(d) Yogi Adityanath
(e) None of the above

Q6. The Reserve Bank of India (RBI) has released the Report of the Internal Working Group (IWG) on Rationalisation of Branch Authorisation Policy. The Group is chaired by............?
(a) Bibek Debroy
(b) Madhukar Gupta
(c) NR Nagendra
(d) Ratan P Watal
(e) Lily Vadera

Q7. Mobile Money Identification Number (MMID) is a ________ digit number of which the first four digits are the unique identification number of the bank offering Immediate Payment Service (IMPS).
(a) Seven
(b) Thirteen
(c) Eleven
(d) Nine
(e) None of the above

Q8. All bank loans, including home loans, taken are now linked to the bank's marginal cost of funds based lending rate (MCLR). MCLR has effective from?
(a) January 1, 2016
(b) September 1, 2015
(c) April 1, 2015
(d) April 1, 2016
(e) None of the above

Q9. Two professors from Harvard and MIT have been awarded the Nobel Prize in economics for contributions to-
(a) Financial and real estate markets
(b) Private prisons
(c) Contract theory
(d) Essential to the functioning
(e) Research sheds light

Q10. _________ is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
(a) Real-time gross settlement systems (RTGS)
(b) Electronic Funds Transfer at Point of Sale (EFTPOS)
(c) Bharat Bill Payment System (BBPS) 
(d) Unified Payments Interface (UPI)
(e) None of the above