Banking Awareness Questions for IBPS Clerk Mains 2017

Banking Awareness Questions for IBPS Clerk Mains 2017. 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 Awareness Questions for IBPS Clerk Mains based on the latest pattern for your daily practice.

This “Banking Awareness Questions for IBPS Clerk Mains 2017” is also important for other banking exams such as IBPS PO, IBPS Clerk, SBI Clerk, IBPS SO, SBI SO and other competitive exams.

Banking Awareness Questions for IBPS Clerk Mains 2017: Set-26

1.In Tarun category of Pradhan Mantri Mudra Yojana,the Maximum loan which can be availed is-
A. Rs. 50,000
B. Rs.1, 00,000
C. Rs. 2, 00,000
D. Rs. 5, 00,000
E. None of these

2.The 11 digit alphanumeric code used to make all electronic money transactions across India is known as-
A. IFSC Code
B. MICR Code
C. Branch Code
D. CBS Code
E. None of these

3.According to the current provisions of RBI Act,1934, the RBI can issue banknotes in the denomination not more than-
A. Rs. 5000
B. Rs. 1000
C. Rs.10, 000
D. Rs. 50,000
E. None of these

4.Which bank first introduced Automated Teller Machine (ATM) in India and which year?
A. HSBC Bank, 1987
B. SBI Bank, 1969
C. Federal Bank, 1976
D. HSBC Bank, 1969
E. Federal Bank, 1987

5.The Securities and Exchange Board of India (SEBI) recently gave an in-principle approval to which of the following banks for sponsoring a mutual fund?
A. YES Bank
B. HDFC Bank
C. ICICI Bank
D. Kotak Mahindra Bank
E. None of these

6.RBI recently proposed a new post in the rank of Deputy Governor (along with the 4 Deputy Governors). Which one is that post?
A. Chief Executive Offcer (CEO)
B. Chief Operating Offcer (COO)
C. Chief Finance Offcer (CFO)
D. CEO and Managing Director (CMD)
E. None of these

7.Which of the following Mumbai-headquartered Banks has launched an Instant Money Transfer (IMT) Payment System on its ATMs in India?
A. PNB
B. Union Bank of India
C. State Bank of India
D. Central Bank of India
E. Canara Bank

8.’Trusted Family Bank’ – is the tagline of….?
A. Dena Bank
B. Corporation Bank
C. Central Bank of India
D. Oriental Bank of Commerce
E. None of these

9.MUDRA Bank will regulate and refinance all Micro-Finance Institutions (MFIs) in India. What is the full form of ‘MUDRA’?
A. Micro and Universal Development Refinance Agency
B. Micro Units Development and Refinance Agency
C. Micro-finance Units Development and Regulation Agency
D. Micro Units Development and Regulation Agency
E. None of these

10.Which of the following statement is correct………?
I. Maintenance of a fixed reserve ratio by the commercial banks
II. Maintenance of little or no excess reserves by the commercial banks
III. Reserve Bank of India is the apex monetary Institution of India. It is also called as the central
bank of the country.
A. II and III are correct
B. I and II are correct
C. III alone is correct
D. I and III are correct
E. None of these

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