Banking Awareness Questions For IBPS Exam 2017

Q1. Who has been appointed as the Managing Director and Chief Executive Officer of IDFC Bank with effect from July 16th 2017 for three years?
(a) Sunil Mehta
(b) Melwyn Rego
(c) Rajkiran Rai G
(d) Sunil Kakar
(e) Vikram Limaye


Q2. As per the amendment, the pecuniary jurisdiction of the Banking Ombudsman to pass an award has been doubled to _____ rupees. 
(a) 20 lakh rupees
(b) 10 lakh rupees
(c) 25 lakh rupees
(d) 50 lakh rupees
(e) 5 lakh rupees

Q3. Capital markets regulator SEBI has relaxed takeover norms for the acquisition of stressed assets of listed companies to help the government and the RBI in their efforts to tackle bad loans. What is the meaning of “B” in SEBI?
(a) Base
(b) Business
(c) Broker
(d) Bank
(e) Board


Q4. Asian Infrastructure Investment Bank (AIIB) has approved USD 150 million equity investment loan to the India Infrastructure Fund. It is the bank’s first such loan to fund private projects. AIIB based in-?
(a) France
(b) Australia
(c) China
(d) Germany
(e) USA

Q5. World Bank’s Board of Executive Directors has approved a loan assistance of __________ million dollars for the Assam State Public Finance Institutional Reforms (ASPIRe) Project.
(a) 103 million dollars
(b) 44 million dollars
(c) 502 million dollars
(d) 328 million dollars
(e) 1005 million dollars


Q6. Which among the following countries has contributed $100,000 to a UN fund to help developing countries actively participate in the discussion of tax issues, becoming the first country to make the contribution?
(a) India
(b) UK
(c) Austria
(d) Canada
(e) China


Q7. Which bank has started insolvency resolution process against Lanco Infratech Ltd. following a directive from the Reserve Bank of India (RBI), while this is the first resolution process initiated by the lenders against 12 large borrowers identified by the RBI recently?
(a) State Bank of India
(b) IDBI Bank
(c) Punjab National Bank
(d) Bank of India
(e) ICICI Bank

Q8. Stepping up its fight against tax evasion, the Centre has made it mandatory to quote the Aadhaar number for opening bank accounts and for transactions exceeding-
(a) Rs.10,000
(b) Rs.80,000
(c) Rs.50,000
(d) Rs.1,00,000
(e) Rs.1,50,000

Q9. The Reserve Bank of India has initiated PCA on Bank of Maharashtra placing a restriction on the banking activities. What is the meaning of “A” in PCA?
(a) Against
(b) Assets
(c) Association
(d) Action
(e) Agency


Q10. Which among the following international organisation has cleared a USD 250-million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill India Mission?
(a) Asian Development Bank (ADB)
(b) World Trade Organization (WTO)
(c) Asian Infrastructure Investment Bank (AIIB)
(d) International Monetary Fund (IMF)
(e) World Bank (WB)

Q11. Which among the following bank has partnered with mobile payments switch TerraPay to enable real-time money transfer to bank accounts in India?
(a) Kotak Mahindra Bank
(b) Axis Bank
(c) Yes Bank
(d) ICICI Bank
(e) HDFC Bank

Q12. Meghalaya government has signed two MoUs with the __________ as a part of an initiative towards migrating government transactions to digital mode. 
(a) Bank of Maharashtra
(b) Indian Bank
(c) Bank of Baroda
(d) Punjab National Bank
(e) State Bank of India

Q13. An agreement for _________ Credit of USD 35 Million from World Bank for “Assam State Public Financial Institutional Reforms Project” was signed in New Delhi.
(a) International Bank for Reconstruction and Development (IBRD)
(b) International Centre for Settlement of Investment Disputes (ICSID)
(c) International Finance Corporation (IFC)
(d) Multilateral Investment Guarantee Agency (MIGA)
(e) International Development Association (IDA)

Q14. The Insurance Regulatory and Development Authority of India (IRDAI) has taken over the administration of Sahara India Life Insurance, a first of its kind move in the insurance sector. Sahara India Life Insurance based in-
(a) Jaipur
(b) Lucknow
(c) Patna
(d) Shimla
(e) New Delhi

Q15. The proposed merger between Aadhar Housing Finance and DHFL Vysya Housing Finance has hit the final lap with it got the nod from housing finance regulator National Housing Bank (NHB). NHB was set up on-
(a) 09th July 1982
(b) 09th July 1992
(c) 09th July 1999
(d) 09th July 1988
(e) 09th July 1956

• Banking Awareness Questions- Quiz for Bank Exams
• National Static Awareness
• International Static Awareness