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Banking Awareness Quiz for IBPS PO

IV and Clerks IV Online Exams - Set 22
Monday, August 18, 2014

Banking Awareness

1. Which among the following statements

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is incorrect ?
1. RBI is a Banker to the Government of India
2. RBI frames and administers the Monetary Policy of
India
3. RBI imposes taxes when the deposits of banks are
decreased

4. RBI deals with the borrowing programs of Government

of India
5. None
Ans : Option 3

2. Recently, the Central Bureau of Investigation (CBI)

has arrested S. K. Jain. Mr Jain is the Chairman of
which bank ?
1. ICICI Bank
2. Bank

of

Baroda
3. Syndicate
Bank
4. IDBI Bank
5. Punjab
National
Bank
Ans : Syndicate Bank

3. Andhra Bank's head office is at Hyderabad. Pick the

correct statement relating to Andhra Bank.
1. Andhra Bank was founded by the eminent freedom
fighter Dr. Bhogaraju Pattabhi Sitaramayya
2. The Bank commenced business on 28th November

1923 with an authorized capital of Rs. 10.00 lakhs

3. Andhra Bank's new mascot is Dolphin named DOLLe
4. Friendly,

Intelligent,

Responsive

are

the

mascot

slogans of Andhra Bank

5. All the above statements are correct
Ans : All are correct

4. Which bank launched a mobile wallet 'Mobicash' in

partnership with Oxigen Services (India) ?
1. Dhanalakshmi Bank
2. HDFC Bank
3. State Bank of India
4. Corporation Bank
5. United Bank of India
Ans : State Bank of India

5. On 24th July 2014 the world bank announced that it

is ready to commit how much money to support
India over the next three years ?
1. $15-18 billion
2. $ 28-29 billion
3. $ 1-5 billion
4. $ 3-8 billion

5. $ 18-26 billion
Ans : $15-18 billion

6. From January 2010, with which bank, Bank of Baroda

and

Legal

&

General

(UK)

commenced

Life

Insurance Joint Venture by name M/s India First Life

Insurance Co Ltd ?
1. Andhra Bank
2. Allahabad Bank
3. Union Bank of India
4. Bharatiya Mahila Bank
5. ICICI
Ans : Andhra Bank

7. International Day of Rural Women is observed on ?

1. September 15
2. July 15
3. December 15
4. October 15
5. November 15
Ans : October 15th

8. Which among the following term is not used in

Economics ?
1. Elasticity
2. WPI
3. Continental Drift
4. Balance of Trade
5. Fiscal Deficit
Ans : Continental Drift

9. What is meant by "Public Sector Bank" ?

1. The bank runs by the government having the Directors
elected by the public
2. The Bank gives the accounts to Government only but
not private individuals
3. Government of India or RBI or both have the least 51%
shares in the bank
4. More people visit these banks
5. None
Ans : Option 3

10. The RBI on 30th June 2011 liberalized foreign direct

investment norms allowing corporates to pay for
import of _________ by issuing equity to their
suppliers

1. Capital goods
2. Machinery
3. Equipment
4. All the above
5. None of these
Ans : All the above

11. Recently

on

15th

July

2014,

the

European

Parliament elected "Jean-Claude Juncker" in a secret

ballot as President of the new European Commission.
He is going to take office from ?
1. 1st November 2014
2. 1st December 2014
3. 1st January 2015
4. 1st September 2014
5. 1st October 2014
Ans : 1st November 2014

12. The minimum number of votes required to elect the

president of European Commission are ?
1. 256
2. 376
3. 564

4. 895
5. 265
Ans : 376

13. Largest public sector bank in India is ?

1. Punjab National Bank
2. State Bank of India
3. Canara Bank
4. Allahabad Bank
5. ICICI Bank
Ans : State Bank of India

14. Public Sector Banks include ?

1. 20 Nationalized Banks + State Bank of India + 5 SBI
Associates + IDBI
2. 20 Nationalized Banks + 6 Private Banks
3. 14 Nationalized Banks + 6 SBI Associates + 7 Private
Banks
4. 20 Nationalized Banks + State Bank of India + 5
Private Sector Banks + IDBI
5. 19 Nationalized Banks + State Bank of India + 6 SBI
Associates

Ans : Option 1

15. Which commission distributes the taxes between

centre and states ?
1. Planning Commission
2. Board of Direct Taxes
3. Finance Commission
4. National Development Counsel
5. National Advisory Council
Ans : Finance Commission

16. 13th Finance Commission chairman is ?

1. Vijay C. Kelkar
2. Harinarayana. J
3. Yougesh Agrawal

Home

English

Current Affairs 2014

4. Y. V. Reddy

Aptitude

Reasoning

5. U. K. Sinha

IBPS PO
Ans2014
: VijaySpecial
C. Kelkar

G.K.

Computers

<

17. 14th Finance Commission chairman is ?

1. Vijay C. Kelkar
2. Harinarayana. J

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3. Yougesh Agrawal
4. Y. V. Reddy

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5. U. K. Sinha

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Ans : Y. V. Reddy

18. List of Abbreviations given. Pick the wrong one ?

1. NALSA - National Legal Services Authority
2. Housing Development Finance Corporation (HDFC)

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3. The Industrial Development Bank of India (IDBI)

4. Industrial Credit and Interchange Corporation of India
(ICICI)

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5. United Commercial Bank (UCO)

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Ans : Option 4 (ICICI - Industrial Credit and Investment Corporation of India Limited

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19. Reserve Bank of India is funding to
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advance training and research on banking issues,
economic Growth. It is funding National Institute of
Bank Management (NIBM) at ____________
1. Pune
2. Delhi
3. Kolkata
4. Hyderabad

5. Indore
Ans : Pune

20. Where is the Indira Gandhi Institute of Development

and Research (IGIDR) ? This Research Institute is
funding by Reserve Bank of India.
1. Hyderabad
2. Bhopal
3. Mumbai
4. Thiruvanantapuram
5. Kanyakumari
Ans : Mumbai

Read more Banking Awareness Model

Practice Sets from below
Set 1
Set 2
Set 3
Set 4
Set 5

Set 6
Set 7
Set 8
Set 9
Set 10
Set 11
Set 12
Set 13
Set 14
Set 15
Set 16
Set 17
Set 18
Set 19
Set 20
Set 21
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5 Comments

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Anonymous

2 months ago

awesome

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Anonymous

2 months ago

please help me for GBO scale 2 financial awareness how to study

financial awareness please help me

reshma

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a month ago

what is icici full form?

what is icici full form?

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Anonymous

24 days ago

ICICI's fullform is correct...

Reply Share

ammu > Anonymous

16 days ago

Industrial Credit and Investment Corporation of India:)

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