Banking Awareness Questions for IBPS PO and Clerk

Dear Aspirants,

Banking Awareness for IBPS PO and Clerk Exam 2018

With the increased competition in the field of banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness Quiz not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.

Q1. The government has set up a four-member group of ministers (GoM) headed by trade minister Suresh Prabhu to advise Prime Minister Narendra Modi on whether to continue with or withdraw from the 16-member RCEP negotiations. What is the full form of RCEP?

Random Comprehensive Economic Partnership

Regional Composition Economic Partnership

Regional Comprehensive Economic Preparation

Regional Comprehensive Economic Partnership

Regional Comprehensive Economic Profit

Solution:

The government has set up a four-member group of ministers (GoM) headed by trade minister Suresh Prabhu to advise prime minister Narendra Modi on whether to continue with or withdraw from the 16-member Regional Comprehensive Economic Partnership (RCEP) negotiations.

Q2. The National Highways Authority of India (NHAI) signed an MoU with _____________ for getting Long Term Unsecured Loan of Rs 25000 crore for 10 years with 3 years of moratorium on repayments.

SBI

NABARD

PNB

SIDBI

ICICI Bank

Solution:

The National Highways Authority of India (NHAI) signed an MoU with the State Bank of India (SBI) for getting Long Term Unsecured Loan of Rs 25000 crore for 10 years with 3 years of moratorium on repayments. This is the SBI’s highest long-term unsecured loan to any entity.

Q3. NABARD has sanctioned Rs.772 crore for eight water projects in the rural areas of-

Bihar

Uttar Pradesh

Rajasthan

Punjab

Haryana

Solution:

According to the state Minister for Public Health Engineering Banwari Lal, National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 772 crore for eight water projects in the rural areas of Haryana.

Q4. _____________________ has launched Move Hack, a global mobility hackathon to crowdsource solutions aimed at the future of mobility in India.

Finance Ministry

SEBI

NITI Aayog

RBI

World Bank

Solution:

NITI Aayog has launched Move Hack, a global mobility hackathon to crowdsource solutions aimed at the future of mobility in India. Envisaged to be one of the largest hackathons globally, Move Hack is focused on 10 themes and structured over three legs: online, followed by Singapore leg, and the finals in New Delhi.

Q5. Loksabha Speaker Sumitra Mahajan handed over __________________ croreth LPG connection under Pradhan Mantri Ujjwala Yojana (PMUY) to Smt Takrdiran of Delhi in the Parliament House.

6 croreth

5 croreth

3 croreth

7 croreth

8 croreth

Solution:

Loksabha Speaker Sumitra Mahajan handed over 5 croreth LPG connection under Pradhan Mantri Ujjwala Yojana (PMUY) to Smt Takrdiran of Delhi in the Parliament House. The 5 crore feat has been achieved in the time period of over 2 years.

Q6. The Union Ministry of Water Resources, _______________________ and the National Water Development Agency (NWDA) signed a revised Memorandum of Agreement (MoA) for funding of central share of 99 prioritised irrigation projects under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY).

SIDBI

RBI

NABARD

SEBI

IRDAI

Solution:

The Union Ministry of Water Resources, the NABARD and the National Water Development Agency (NWDA) signed a revised Memorandum of Agreement (MoA) for funding of central share of 99 prioritised irrigation projects under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY).

Q7. In various Financial News, many times we have come across a term LITF. What is the full form of LITF?

Long Term Irrigation Fund

Long Term Irrigation Funding

Long Term Investment Fund

Long Timing Irrigation Fund

Ledger Term Irrigation Fund

Solution:

LTIF stands for Long Term Irrigation Fund.

Q8. The value of transactions made through mobile wallets touched a record _________________ crore in June 2018, according to the RBI data.

Rs.52,574 crore

Rs.23,201 crore

Rs.42,304 crore

Rs.86,983 crore

Rs.14,632 crore

Solution:

The value of transactions made through mobile wallets touched a record Rs14,632 crore in June, according to the Reserve Bank of India (RBI) data. The data showed the rise of 4.2% from Rs.14,047 crore in May.

Q9. Union Minister of Commerce & Industry and Aviation Suresh Prabhu launched 'Niryat Mitra' – mobile App in New Delhi. The app developed by-

TCS

FIEO

UGC

Wipro

NPCI

Solution:

Union Minister of Commerce & Industry and Aviation Suresh Prabhu launched 'Niryat Mitra' – mobile App in New Delhi. The app developed by the Federation of Indian Export Organisations (FIEO) is available both on Android and on IOS platforms.

Q10. The FIEO represents the Indian entrepreneurs spirit of enterprise in the global market. FIEO stands for-

Funding of Indian Export Organisations

Financial of Indian Export Organisations

Federation of Indian Economy Organisations

Federation of Indian Export Organisations

Federation of International Export Organisations

Solution:

The Federation of Indian Export Organisations or FIEO represents the Indian entrepreneurs spirit of enterprise in the global market. Known popularly as "FIEO", this apex body of Indian export promotion organizations was set up jointly by the Ministry of Commerce, Government of India and private trade and industry in the year 1965.

Q11. The Reserve Bank of India (RBI) will transfer _________________________ crore of its surplus money to the government, the highest since 2015-16, in a partial relief for the latter struggling to replenish public sector banks.

Rs.70,000

Rs.50,000

Rs.40,000

Rs.90,000

Rs.60,000

Solution:

The Reserve Bank of India (RBI) will transfer Rs.50,000 crore of its surplus money to the government, the highest since 2015-16, in a partial relief for the latter struggling to replenish public sector banks.

Q12. ___________________ hosted an Investors’ Conference at Pravasi Bharatiya Kendra for the Holistic Development of Islands along with the respective UT Administration.

SIDBI

Finance Ministry

IRDAI

RBI

NITI Aayog

Solution:

NITI Aayog hosted an Investors’ Conference at Pravasi Bharatiya Kendra for the Holistic Development of Islands along with the respective UT Administration. The Conference was inaugurated by Amitabh Kant, CEO, NITI Aayog.

Q13. Union Cabinet has given the approval for raising of four additional battalions of National Disaster Response Force (NDRF) to strengthen the India's disaster response set up at an estimated cost of-

Rs.4201 crore

Rs.100 crore

Rs.637 crore

Rs.2302 crore

Rs.4200 crore

Solution:

Union Cabinet chaired by Prime Minister Shri Narendra Modi has given the approval for raising of four (4) additional battalions of National Disaster Response Force (NDRF) to strengthen the India's disaster response set up at an estimated cost of Rs 637 crore.

Q14. Which Bank has launched a new digital platform 'MyDeal' to simplify capital raising process through capital markets by providing real-time access to information such as investors' feedback, profiles, client orders and deal pricing?

HSBC

ICICI Bank

Yes Bank

Standard Chartered

Citi Bank

Solution:

Hongkong and Shanghai Banking Corporation (HSBC) has launched a new digital platform 'MyDeal' to simplify capital raising process through capital markets by providing real-time access to information such as investors' feedback, profiles, client orders and deal pricing.

Q15. PayPal, a digital payments platform has announced its strategic partnership with and ___________________ to offer safer, faster and convenient payment experiences for the bank's cardholders.

Kotak Mahindra Bank

Axis Bank

State Bank of India

HDFC Bank

Bank of Baroda

Solution:

PayPal, a digital payments platform has announced its strategic partnership with and HDFC Bank to offer safer, faster and convenient payment experiences for the bank's cardholders. To initiate incremental digital spend, the HDFC cards will be presented as a payment option during enrollment and subsequent payments, with the ability for consumers to easily open PayPal accounts and set it as their preferred payment method.