Banking and Finance Awareness Questions for IBPS PO: Set-16

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Banking and Finance Awareness Questions: Set-16

Banking and Finance Awareness Questions. 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 RRB Office Assistant, IBPS SO, SBI SO and other competitive exams.

Banking and Finance Awareness Questions: Set-16


1.Many times, we read in newspapers that a company is planning to bring a public issue. What does it mean?
I. Shares of the company will be issued only through public sector organizations like banks/central FInancial institutions etc.
II. Shares of the company will be issued to the general public only through primary market.
III. This means some stakeholders/promoters are willing to leave the company. Hence, they wish to sell their stock to the general public.
Select the correct answer using the codes given below

A. Only I
B. Only II
C. Only III
D. All of the above
E. None of the above

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2. Treasury Bills means –

A. salary bills drawn by Government o􀃕cials on the treasury
B. bills drawee by the Government contractors and other suppliers on the treasury for the dues owed to them by the Government
C. obligation of the Government of India issued by the Reserve Bank of India and payable normally 91 days after issue
D. a mode of drawings by the Treasury O􀃕ce on the Reserve Bank of India
E. None of the above

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3.The Reserve Bank of India (RBI) has proposed to cap the upper limit for Pre-paid Payment Instruments at Rs. _______ lakh due to the growing usage of PPIs for purchase of goods and services as well as funds transfer.

A. Rs 5 lakh
B. Rs 1.5 lakh
C. Rs 1 lakh
D. Rs 2 lakh
E. Rs 3.5 lakh

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4.Which life Insurance launched iSelect term plan to expand its online product suit and iSelect term plan provides enhanced protection cover for the family at an affordable premium?
A. Bajaj Allianz General Insurance
B. Canara HSBC and Oriental Bank of Commerce Life Insurance
C. ICICI Prudential Life Insurance
D. PNB MetLife India Insurance Company Limited
E. Reliance General Insurance

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5. Which institution is known as ‘soft loan window’ of the World Bank?
A. IFC
B. IDA
C. IMF
D. Indian Development Forum
E. None of these

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6. The Digital Payments 2020 report said that digital payment industry in India is expected to reach USD 500 billion by 2020. The report was published by which of the following institutions?

A. Google and World Bank
B. World Bank and UNESCO
C. Google and Boston Consulting Group
D. UNESCO and Boston Consulting Group
E. All of these

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7.How much amount has been proposed by the government in the Union Budget 2017 for each pregnant woman under maternity Benefit Scheme who undergoes institutional delivery and vaccinates their children?

A. Rs. 4500
B. Rs. 5000
C. Rs. 7000
D. Rs. 6000
E. Rs. 10,000

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8.Many economists, bankers, and researchers in India often advocate that banks should equip themselves for new challenges. These challenges are in which of the following shapes/forms?
I. As India economy is getting increasingly integrated with the rest of the world the demand of the
Corporate banking is likely to change in terms of size, a composition of services and also the quality.
II. The growing foreign trade in India will have to be financed by the local banks.
III. Foreigners are habitual of the comforts provided by the technology. India has to do a lot in this Reference.
A. Only I is correct
B. Only II is correct
C. Only III is correct
D. All of the above
E. None of the above

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9.Which of the following market is independently regulated by Forward Market Commissions?
A. Mutual Funds
B. Commodity Exchanges
C. Stock Market
D. Foreign Exchange Markets
E. None of these

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10. According to the Union Budget 2017, Women participation in MGNREGA has increased to __________ percent from less than 48 percent.
A. 50 percent
B. 51 percent
C. 52 percent
D. 55 percent
E. None of these

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