Current Affairs

Banking / Financial Awareness Quiz for IBPS PO’s / SBI Clerks

1. In India national income is estimated by whom?
a) Finance Commission
b) Central Statistical Organisation
c) Planning Commission
d) Finance Minister
e) None of these
2. Which of the following is known as informal route’ of credit in financial sector?
a) Credit cards
b) Loan against gold from bank
c) Debit cards
d) private Money lenders
e) None of these
3. which of the following can be given as Identity proof?
a) PAN card
b) Aadhar card
c) Driving licence
d) All the above
e) None of these
4. Which of the following can be given as address proof?
a) Voter ID card
b) Passport
c) Aadhar Card
d) Driving license
e) All the above
5. Interest subvention 2% p.a. is available for agricultural loans up to which amount?
a) Rs.3 Lakhs
b) Rs.10 Lakhs
c) Rs.5 Lakhs
d) Rs.7 Lakhs
e) None
6. Proof of agricultural land cultivation is required for which of the following types of loans
a) Agricultural Gold loans
b) Car loan
c) Scooter loan
d) House loan
e) None of these
7. Who can open ‘small accounts’ with banks? Give details?
a) Those persons who do not have any of the “officially valid documents’
b) selfattested photograph and putting his/her signatures or thumb print in the presence of an officials of the bank
c) These accounts would be valid normally for a period of twelve months.
e) None of these
d) All the above
8. Who is Business Correspondent Agent Bank Mitra ?
a) Doing share market business
b) Business Correspondent Agents (Bank Mitra) are retail agents engaged by banks for providing banking services at locations where opening of a brick and mortar branch ATM is not viable
c) Doing super market business
d) doing vegetable business
e) None
9. USSD (Unstructured Supplementary Service Data ?
a) is a mobile based banking and and it offers which of the following basic banking facilities?
b) Bill Payments
a) Money Transfer
c) Balance Enquiries
d) Merchant Payments
e) All the above (It is on a simple GSM based Mobile Phone, without the need to download application on a Phone as required at present in the Immediate Payment Service (MPS) based Mobile Banking)
10. Where is the headquarters of Andhra Pragathi Grameena Bank?
a) Hanamkonda, Warangal
b) Hyderabad
c) Kurnool
d) Kadapa
e) None


11. Who are eligible for Kisan Credit Cards?
a) All farmers individual/joint cultivator owners
b) Tenant farmers, oral lessees and share croppers etc.
c) SHGs or Joint Liability groups including tenant farmers
d) All the above
e) None of these
12. India’s industrial production rose at what percent in the current financial year (In fact, Capital goods production excluding insulated rubber cables expanded by 80 per cent.
a) 3.0 per cent
b) 5%
e) None of These
d) 7%
13. Retail inflation measured by the headline consumer price index CPI rose to a 22-month high in June, vita a diary pick-up favourable base effects. The ruse was mainly driven by which the following ?
a) food, with vegetable inflation higher than the usual seasonal rise at this time of the year
b) gold rates increased
c) silver rates increased
d) diamond sales increased
e) None
14. The (WACR) and money market weighted average rate remained on average 15 basis points below the policy repo rate since June. Interest rates on other money market instruments such as certificates of deposit (CDs) and commercial paper (CPs) have also declined in both the primary and secondary markets. In the abbreviation WACR, the letter W stands for what?
a) Weighted (WACR: Weighted Average Call Rate)
b) Wood
c) Work
d) Welfare
e) None
15. The GVA growth projection for 2016-17 is retained at 7.6 per cent, with risks facing the economy at this juncture evenly balanced around it. In the abbreviation GVA, the letter V stands for what?
a) Very
b) Value
c) Visit
d) vary
e) None
16. In the electronic banking transactions Remote/Online payment transactions (transactions that do not require physical payment instruments to be present at the point of transactions. Which of the following are examples?
a) internet banking
b) mobile banking
c) card not present (CNP) transactions
e) None of these
d) All the above
17. In the electronic banking transactions face-to-facel proximity payment transactions (transactions which require the physical payment instrument which of the following are examples?
a) a card
b) mobile phone to be present at the point of transaction e.g. ATM.
c) POS
d)All the above
e) None


18. In the 559th meeting of the Central Board of the Reserve Bank of India, the Board approved the transfer of surplus of the Reserve Bank for the year 2015-16 amounting to how much to the Government of India
a) Rs. 658.76 billion
b) Rs. 658,96 billion
c) Rs. 600 billion
d) Rs.400 billion
e) None of these
19. The policy repo rate under the liquidity adjustment facility (LAF) unchanged and kept at what percentage
a) 5%
b) at 6.5 per cent
c) 4%
d) 7%
e) None of these
20. The cash reserve ratio (CRR) of scheduled banks unchanged and kept at what of net demand and time liabilities (NDTL)?
a) at 4.0 per cent
b) 3%
c 2%
d) 5%
e) None of these
21. RBI kept the reverse repo rate under the LAF will remain unchanged at 6.0 per cent. RBI kept marginal standing facility (MSF) rate and the Bank Rate at what rate?
a) 7.0 per cent
b) 8%
c) 9%
d) 12%
e) None of these
22. India’s industrial production rose at what percente in the current financial year On fact, capital goods production excluding insulated rubber cables expanded by 8.0 per cent.
a) 3.0 per cent
b) 5%
c) 6%
d) 5%
e) None of these

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