Banking Awareness Questions for IBPS Clerk Mains 2017

Dear Readers,

Banking Awareness Questions for IBPS Clerk Mains 2017
Banking Awareness for IBPS Exam 2017

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. The “in-principle” approval for setting up ‘small finance banks’ granted by RBI will be valid for-
(a) 12 Months
(b) 24 Months
(c) 10 Months
(d) 18 Months
(e) 30 Months

Q2. Which of the following is an independent commodity exchange based in Mumbai?
(a) MGEX
(b) MCE
(c) MDEX
(d) MCX
(e) MEX

Q3. Which of the following is a pension scheme focused on the workers in the unorganised sector?
(a) SSY
(b) AMRUT
(c) APY
(d) PMAY
(e) None of the given options is true

Q4. An Indian rupee denominated bond issued outside India is called-?
(a) Yankee bond
(b) Bulldog bond
(c) Uridashi bond
(d) Samurai bond
(e) Masala bond

Q5. Who among the following appoints the “Authorized Dealers” for foreign exchange transactions?
(a) GOI
(b) RBI
(c) PSBs
(d) FEDAI
(e) FIMMDA

Q6. SMERA Ratings Limited is a full service Credit Rating Agency, registered with-
(a) ECAI
(b) RBI
(c) SEBI
(d) NSIC
(e) NABARD

Q7. Which of the following is India’s first Credit Information Company?
(a) CRISIL
(b) CIBIL
(c) SMERA
(d) CERSAI
(e) CARE

Q8. Which of the following is an apex financial institution for housing?
(a) AIFI
(b) NHB
(c) DFI
(d) SIDBI 
(E) NABARD

Q9. NHB is wholly owned by ______
(a) GOI
(b) RBI
(c) SEBI
(d) NABARD
(e) Finance Ministry

Q10. The International Bank for Reconstruction and Development (IBRD) is an international financial institutions that offer loans to-
(a) Multinational Banks
(b) Multinational Financial Institutions
(c) Middle Income Developing Countries
(d) Non Government Organizations
(e) None of the given options is true

Q11. The Reserve Bank of India (RBI) is to launch a financial literacy drive in 80 blocks in nine states on the pilot basis to educate people on e-transactions, formal sector borrowings and insurance purchases. What is the aim of this drive? 
(a) To inculcate the habit of making a household budget and recording financial transactions
(b) Encourage transactions in savings accounts
(c) Active saving by depositing in banks through fixed deposits and recurring deposits
(d) All of the above is the aim of this drive
(e) Refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives

Q12. Senior Citizen Savings Scheme (SCSS) Account is an individual of the Age of ________ or more may open the account.
(a) 60 years
(b) 55 years 
(c) 70 years 
(d) 50 years 
(e) 65 years 

Q13. In the Fifth Bi-monthly Monetary Policy Statement 2017-18, the Monetary Policy Committee (MPC) has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at-? 
(a) 5.50 percent
(b) 5.75 percent
(c) 6.25 percent
(d) 6.50 percent
(e) 6.00 percent

Q14. RBI has notified that P2P lending platforms need to be regulated and treated on par with Non-Banking Financial Companies (NBFCs). P2P stands for-
(a) Product-to-Product
(b) Peer-to-Peer
(c) Person-to-Person
(d) Primary-to-Primary
(e) Priority-to-Priority

Q15. Which among the following organisation has allowed Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) to raise capital by issuing debt securities?
(a) SIDBI
(b) IRDAI
(c) SEBI
(d) NABARD
(e) RBI