Banking Awareness Questions for IBPS Clerk Mains 2017

Dear Readers,

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. India's largest digital bank _____________ is the only bank providing zero balance accounts and zero charges on digital transactions.
(a) India Post Payments Bank
(b) Paytm Payments Bank
(c) Airtel Payments Bank
(d) Fino Payments Bank 
(e) None of the given options is true

Q2. Name the company, which has become the first-ever broking arm of a bank to take membership of a commodity exchange by registering itself with NCDEX.
(a) South Securities
(b) Kotak Securities
(c) HDFC Securities
(d) ICICI Securities
(e) Axis Securities

Q3. BSE's India International Exchange (India INX) has received approval from the capital market regulator SEBI on the framework for the listing of debt securities. Who is the present Chairman of SEBI?
(a) Urjit Patel
(b) HK Bhanwala
(c) Ajay Tyagi
(d) UK Sinha
(e) Rajeev Mehrishi

Q4. The RBI has triggered PCA against Corporation Bank in view of high non-performing loans and requirement to raise capital recently. PCA stands for-
(a) Prompt Corrective Area
(b) Prompt Corrective Action
(c) Prompt Concern Action
(d) Prompt Common Action
(e) Prime Corrective Action

Q5. The Reserve Bank of India (RBI) has imposed ____________ penalty on IndusInd Bank for breaching rules on income classification norms.
(a) Rs 15 crore
(b) Rs 7 crore
(c) Rs 10 crore
(d) Rs 3 crore
(e) Rs 20 crore

Q6. Which among the following Bank has introduced a loyalty program for its valued customers?
(a) Bank of Baroda
(b) HDFC Bank
(c) Indian Bank
(d) Punjab National Bank
(e) State Bank of India

Q7. Jammu and Kashmir Bank has launched a special financial scheme for journalists of the state, the scheme "J&K Bank Sahafat Finance Scheme" was launched by the bank's chairman and CEO. Who is the present chairman and CEO of Jammu and Kashmir Bank?
(a) Md Mustafa
(b) Parvez Ahmad
(c) Rizwaan Patel
(d) Akram Khan
(e) Suhail Kamaal

Q8. Where is the headoffice of IndusInd Bank?
(a) Hyderabad
(b) Kolkata
(c) New Delhi
(d) Mumbai
(e) Chennai

Q9. The GST Council has decided to implement the e-way bill mechanism throughout the country by _____ after reviewing the readiness of the IT network.
(a) 01st June
(b) 01st September
(c) 01st May
(d) 01st February
(e) 01st January

Q10. Inflation based on the WPI has accelerated to an eight-month high of 3.93% in November from 3.59% in October 2017. WPI stands for-
(a) Wholesale Product Index 
(b) Wholesale Price India
(c) Wholesale Price Index
(d) Wheat Price Index 
(e) Wholesale Payment Index 

Q11. The Asian Development Bank (ADB) has lowered India’s GDP forecast for the current fiscal by 0.3% to _______.
(a) 6.9%
(b) 6.1%
(c) 6.3%
(d) 6.7%
(e) 6.5%

Q12. The Reserve Bank of India increased the limits for investment by FPIs for the January-March 2018 quarter by Rs 6,400 crore in Central Government Securities (G-Secs) and Rs 5,800 crore in State development loans (SDLs). What is the meaning of "I" in FPI?
(a) Investors
(b) Insurance
(c) Installment
(d) Investment
(e) Index

Q13. The AIIB has approved its first loan to ___________, its largest shareholder, to reduce its dependence on coal by over 600,000 tonnes annually by building a natural gas distribution network for villages.
(a) Singapore
(b) India
(c) China
(d) Japan
(e) France

Q14. Indian economy is likely to grow by _____ percent in 2018 and go up further to _________ percent in 2019 on the back of strong private consumption, public investment and the ongoing structural reforms, according to a UN report.
(a) 7.1% and 7.3%
(b) 7.2% and 7.4%
(c) 7.3% and 7.5%
(d) 7.6% and 7.8%
(e) 7.0% and 7.2%

Q15. The Reserve Bank of India (RBI) has imposed a penalty of ___________ on Syndicate Bank for non-compliance with its directions on "Cheque Purchase or Discounting, Bill Discounting, and Know Your Customer (KYC)" norms.
(a) Rs 50 crore
(b) Rs 7 crore
(c) Rs 10 crore
(d) Rs 30 crore
(e) Rs 5 crore