Banking Awareness Questions for IBPS Clerk Mains 2017

Dear Aspirants,

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

Q1. Loan and Advances of a bank come under which of the following category?
(a) Assets
(b) Liabilities
(c) Deposits
(d) All of the Above
(e) None of the given options is true

Q2. RBI sold its stake in NABARD to the Government of India, which now holds _____ stake.
(a) Approx 65%
(b) Approx 70%
(c) Approx 95%
(d) Approx 99%
(e) Approx 24%

Q3. Which of the following is not available to depositors of NBFCs?
(a) Deposit Insurance facility
(b) Acquisition of shares
(c) Loans and Advances
(d) All of the Above
(e) None of the given options is true

Q4. NBFCs include ______
(a) loan company
(b) investment company
(c) asset finance company
(d) All of the Above
(e) None of the given options is true

Q5. India Infrastructure Finance Company Ltd (IIFCL) is a wholly-owned ____________ company set up in 2006.
(b) SEBI
(c) RBI
(d) Finance Ministry
(e) Government of India

Q6. NSDL is the first and largest depository in India, established in-
(a) August 2003
(b) August 1991
(c) August 1989
(d) August 1999
(e) August 1996

Q7. A Public Provident Fund (PPF) account holder can deposit a maximum of-
(a) 1.5 Lakhs
(b) 2.5 Lakhs
(c) 1.0 Lakh
(d) 3.5 Lakhs
(e) 5.0 Lakhs

Q8. Where is the headquarters of Paschim Banga Gramin Bank?
(a) Howrah, West Bengal
(b) Nagpur, Maharashtra
(c) Dumka, Jharkhand
(d) Bolangir, Odisha
(e) Bathinda, Punjab

Q9. National Securities Depository Limited is an Indian central securities depository based in _______
(a) New Delhi
(b) Chennai
(c) Hyderabad
(d) Mumbai
(e) Bengaluru

Q10. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in-
(a) 1999
(b) 1995
(c) 1991
(d) 1987
(e) 1982

Q11. Which committee has recommended the setting up of Special Tribunals to reduce the time required for settling cases and accepting the recommendations, DRTs were established?
(a) Kelkar committee
(b) Justice Reddy committee 
(c) Rangarajan Committee
(d) Sivaraman Committee
(e) Narasimham Committee

Q12. DRT has been constituted under Section 3 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. DRT stands for-
(a) Debt Recovery Tribunals
(b) Demand Recovery Tribunals
(c) Deposit Recovery Tribunals
(d) Debt Refinance Tribunals
(e) Debt Recovery Treaty

Q13. What is the financial limit Under MUDRA's Tarun scheme?
(a) Rs. 40 lakh to Rs. 50 lakh 
(b) Rs. 30 lakh to Rs. 40 lakh 
(c) Rs. 20 lakh to Rs. 30 lakh 
(d) Rs. 10 lakh to Rs. 20 lakh 
(e) Rs. 5 lakh to Rs. 10 lakh

Q14. Who can set up an SEZ? 
(a) Private sector 
(b) Public sector
(c) State government
(d) All of the above
(e) Only (a) and (b)

Q15. Securitisation act 2002 is enables the banks to issue notices to defaulters who have to pay the debts within __________ days.
(a) 90 days
(b) 60 days
(c) 30 days
(d) 120 days
(e) None of the given options is true


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