Banking Quiz for IBPS Clerk Mains and IPPB Officers Exam

Dear Aspirants,

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

Q1. OBOPAY has announced that the company has secured a license for PPI from RBI to operate a semi-closed loop wallet in the country. What is the meaning of "I" in PPI?
(a) Initial
(b) International
(c) Installment
(d) Instrument
(e) Investment

Q2. Sectoral regulator IRDAI has issued regulations for insurance firms to carry out offshore business from Gujarat-based GIFT International Financial Services Centre (IFSC). Where is the headoffice of IRDAI?
(a) New Delhi
(b) Hyderabad
(c) Mumbai
(d) Chennai
(e) Kolkata

Q3. The Indian economy will expand by __________ in 2017-18, according to the new data of the government’s Central Statistics Office (CSO). 
(a) 6.1%
(b) 6.3%
(c) 6.7%
(d) 6.9%
(e) 6.5%

Q4. As per the HSBC report, India's growth rate is expected to accelerate at around 6.5 percent in 2017-18 and is likely to improve further to 7.6 percent by 2019-20. Where is the headoffice of HSBC?
(a) Hong Kong
(b) Nairobi
(c) London
(d) Vienna
(e) New York

Q5. Markets regulator _______ stated that cross-holding in credit rating agencies (CRAs) will be capped at 10 percent and also decided to raise the minimum networth requirement to Rs 25 crore from the current Rs 5 crore.
(a) SEBI
(b) IRDAI
(c) RBI
(d) NABARD
(e) SIDBI

Q6. Which among the following country is set to leapfrog Britain and France in 2018 to become the world’s fifth-largest economy in dollar terms, according to the report by Centre for Economics and Business Research (CEBR) consultancy’s 2018 World Economic League Table?
(a) Brazil
(b) Japan
(c) Germany
(d) China
(e) India

Q7. Bad loans of Public sector banks (PSBs) stood at _______________ by the end of second quarter this fiscal (2017-18), a bulk of which came from corporate defaulters, private sector banks' NPAs were considerably low.
(a) Rs 17.24 lakh crore
(b) Rs 14.12 lakh crore
(c) Rs 10.48 lakh crore
(d) Rs 7.34 lakh crore
(e) Rs 32.60 lakh crore

Q8. The Capital market regulator SEBI has raised the investment limit for FPI in central government securities to over 1.91 lakh crore from January 2018. FPI stands for-
(a) Foreign People Investors 
(b) Foreign Portfolio Investment 
(c) Foreign Portfolio Investors
(d) Foreign Personal Investors 
(e) Fund Portfolio Investors 

Q9. SBI Card, the credit card issuer and Bharat Petroleum, the leading petroleum company in India announced the launch of the BPCL SBI Card – the most rewarding fuel co-branded credit card in the country. Who is the present Chairman of SBI?
(a) Usha Ananthasubramanian
(b) Rajnish Kumar
(c) Arundhati Bhattacharya
(d) Rakesh Sethi
(e) Ajay Tyagi

Q10. Which Bank has approved raising Rs 8,000 crore through various sources, including masala bonds, to meet Basel III capital norms recently?
(a) State Bank of India
(b) ICICI Bank
(c) Punjab National Bank
(d) HDFC Bank
(e) Bank of Baroda

Q11. Name the Bank, which has entered into MoU with POORTI Agri Services Pvt. Ltd to enable the farmers to purchase agricultural inputs such as fertilizers, pesticides, seeds etc. provided by POORTI. 
(a) State Bank of India
(b) Bank of Baroda
(c) Punjab National Bank
(d) HDFC Bank
(e) ICICI Bank

Q12. US buyout giant KKR & Co has become the first foreign investor to fully own an ARC in India as it received approval from the Reserve Bank of India. ARC stands for-
(a) Agency Reconstruction Company 
(b) Asset Reconstruction Core 
(c) Asset Re-insurance Company 
(d) Applied Reconstruction Company 
(e) Asset Reconstruction Company

Q13. Public sector IDBI Bank has received the capital infusion of _____________ from the government of India.
(a) Rs 5,262 crore 
(b) Rs. 2,257 crore 
(c) Rs 2,729 crore 
(d) Rs 3,213 crore 
(e) Rs 1,372 crore 

Q14. State-run ____________ has received capital infusion of Rs. 2,257 crore from the government recently.
(a) Vijaya Bank
(b) Corporation Bank
(c) Andhra Bank
(d) Bank of India
(e) Dena Bank

Q15. Union Cabinet had recently approved a proposal that government will bear the MDR charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems to promote digital transactions. What is the meaning of MDR?
(a) Merchant Discount Rate
(b) Marginal Discount Rate
(c) Merchant Division Rate
(d) Merchant Discount Ratio
(e) Merchant Department Rate