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Must Do Banking & Economy Awareness for IBPS PO/Clerk/ESIC(October 11, 2018)

2 months ago 0 comments

Dear Aspirants,
In every banking examinations, Banking Awareness section plays a pivotal role in scoring good marks in the section. It is very relevant for all the examinations. So, we at Bsc4success are providing important Banking Awareness MCQs on the daily basis, which will certainly aid your preparation. Make most of it.

1. The ‘IFSC Code’ is an alphanumeric code comprising 11 characters that facilitates electronic fund transfer in the country. The alphabet ‘I’ in the abbreviation ‘IFSC’ stands for

1) Inter-bank

2) Indian

3) International

4) Intercontinental

5) Institutional

2. In India, ‘Commodities Derivatives Market’ is regulated by

1) PFRDA

2) FCI

3) IRDAI

4) SEBI

5) RBI

3. Chairman of the ‘Bank Board Bureau’ (BBB), Vinod Rai, has recently stepped down from the board of 

1) HSBC Bank

2) ICICI Bank

3) IDBI Bank

4) HDFC Bank

5) IDFC Bank

4. Recently introduced by National Payments Corporation of India (NPCI), the ‘NACH’ is a centralised 

1) application processing for banks system

2) electronic clearing system

3) core banking system

4) credit appraisal system

5) None of these

5. With a view to providing comprehensive support for start-ups and other self-employment activities, the Government has set up ‘Self-Employment and Talent Utilization’ (SETU) under the 

1) Mudra Bank 

2) National Bank of Agriculture & Rural Development (NABARD)

3) Reserve Bank of India (RBI)

4) Small Industries Development Bank of India (SIDBI)

5) NITI Aayog

6. The Reserve Bank of India (RBI) has authorized non-banks to operate ‘White Label ATMs’ under the provisions of

1) Reserve Bank of India Act, 1934

2) Negotiable Instruments Act, 1881

3) Negotiable Instruments (Amendment) Act, 2015-16

4) Banking Regulation Act, 1949

5) Payment & Settlement Systems Act, 2007

7. The State Bank of India (SBI) has recently (August 2016) unveiled a new home loan scheme ‘SBI Shaurya Home Loan’, which is targeted at 

1) Government Employees other than defence personnel

2) Rural Women

3) Senior Citizens

4) Corporate Women Executives

5) Defence Personnel

8. The ‘PMKVY’ scheme pertains to

1) Skill training/development 

2) Rural irrigation facilities

3) Solar energy initiatives

4) Development of roads

5) Urban sanitation services

9. The Reserve Bank of India (RBI) prepares a ‘Financial Stability Report’ (FSR) on ___________ basis for the apex-level Financial Stability and Development Council (FSDC).

1) once in four years

2) monthly

3) quarterly

4) half-yearly

5) yearly

10. The Reserve Bank of India (RBI) has introduced from April 1, 2016 a new methodology of setting lending rate by commercial banks, and will replace the existing method identify the new methodology.

1) None of those given as options

2) PLR

3) MCLR

4) Base Rate System

5) BPLR

 
Answers:
  1. 2
  2. 4
  3. 5
  4. 2
  5. 5
  6. 5
  7. 5
  8. 1
  9. 4
  10. 3

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