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Banking Awareness Quiz for IBPS PO

IV and Clerks IV Online Exams - Set 22

1. Which among the following statements

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

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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

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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

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5. $ 18-26 billion

 Ans : $15-18 billion

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

and Legal & General (UK) commenced a 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

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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

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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 20142. 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

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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

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 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

4. Y. V. Reddy

5. U. K. Sinha

 Ans : Vijay C. Kelkar 

17. 14th Finance Commission chairman is ?

1. Vijay C. Kelkar

2. Harinarayana. J

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3. Yougesh Agrawal

4. Y. V. Reddy

5. U. K. Sinha

 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)

3. The Industrial Development Bank of India (IDBI)

4. Industrial Credit and Interchange Corporation of India

(ICICI)

5. United Commercial Bank (UCO)

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

19. Reserve Bank of India is funding to encourage

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

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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

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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

• •

Anonymous  •  

awesome

• •

Anonymous  •  

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

financial awareness please help me

reshma  •  

what is icici full form?

+3 Recommend this on Google

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 — Sir how to identifyIP address?

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Anonymous  •  

ICICI's fullform is correct...

• •

ammu  •  

Industrial Credit and Investment Corporation of India:)

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