Banking and Finance Awareness for IBPS PO: Set-19

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Banking and Finance Awareness

Banking and Finance Awareness. Welcome to the www.letsstudytogether.co online learning section. If you are preparing for IBPS PO/Clerk 2017 exam, you will come across a section on Banking and Finance Awareness Section. Here we are providing you Banking and Finance Awareness Questions for IBPS PO based on the latest pattern for your daily practice.

This “Banking and Finance Awareness Questions for IBPS PO” is also important for other banking exams such as IBPS PO, IBPS Clerk, SBI Clerk, IBPS SO, SBI SO and other competitive exams.

Banking and Finance Awareness Questions: Set-19


1._________ is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only inward personal remittances into India such as remittances towards family maintenance and remittances favoring foreign tourists visiting India are permissible.

A. Money Transfer Service Scheme
B. Money Transfer Scheme for Service
C. Minimum Transfer Service Scheme
D. Money Transfer Service Strategy
E. None of these

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2. A note which,has become dirty due to usage and also includes a two piece note pasted together wherein both the pieces presented belong to the same note,and form the entire note:

A. Mutilated note
B. Imperfect note
C. Soiled note
D. Mismatched Note
E. None of these

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3.According to RBI circular demand draft for_______ should be issued by the bank only by debit to the customer’s account

A. Rs.10, 000 or above
B. Upto Rs. 20,000
C. Upto Rs. 50,000
D. 50,000 or above
E. None of these

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4.On which one of the following issues can SEBI penalize any company in India?
1. Violation of Banking Regulation Act.
2. Violation of foreign portfolio investment guidelines.
3. for violation of negotiable Instrument Act.

A. Only 1
B. Only 2
C. 1 and 2
D. 2 and 3
E. All of the above

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5. Which of the following pairs is NOT matched correctly?
A. RBI-Banker of last resort
B. AMFI-Mutual Fund
C. SEBI-Market Regulator
D. NHB- GOI
E. None of these

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6. Which of the following countries are top three largest shareholders in The Asian Infrastructure Investment Bank (AIIB)?

A. China , India, Australia
B. China, Russia, France
C. China, India, Russia
D. China, Russia, India
E. None of these

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7.An ECS Transaction gets bounced and you are unable to recover your money from your customer Under which Act, criminal action can be initiated?

A. Negotiable Instrument Act
B. Indian Penal Code
C. Criminal Procedure Code
D. Payment and Settlement Act
E. None of these

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8.Ministry of Rural development has released nearly Rs. _______ to the States under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
A. Rs. 17,500 crore
B. Rs. 25,500 crore
C. Rs. 23,500 crore
D. Rs. 22,500 crore

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9.Under SARFAESI Act, borrower is required to be given a notice of days by the bank, for taking possession of the security
A. 30 days from date of notice
B. 60 days from date of notice
C. 30 days from date of receipt of notice by the borrower
D. 60 days from date of receipt of notice by the borrower
E. None of the above

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10. RBI has asked banks to provide loans to women self-help groups in rural areas at how much per cent per annum, as per the government’s revised guidelines for the current ?nancial year.?
A. 3 per cent
B. 15 per cent
C. 7 per cent
D. 12 per cent
E. 11 per cent

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