Banking Awareness Quiz | 28th November 2018

Banking Awareness Questions for Bank Exams 2018. Banking Awareness Questions, Quiz for All Bank Exams like IBPS PO Clerk, IBPS RRB, SBI & LIC and other government exams.

Q1. India Post Payments Bank (IPPB) was setup under the Department of Posts, Ministry of Communication with 100% equity owned by Government of India. How many Post Offices across urban and rural India, activated as banking access points?

(a) 5700

(b) 3250

(c) 650

(d) 1200

(e) 3750

Q2. ______________________ is a simple rule for monetary policy according to which the central bank manages monetary aggregates as operating and/or intermediate target to influence the ultimate objective, price stability.

(a) Monetary aim

(b) Monetary targeting

(c) Monetary ambition

(d) Monetary rule

(e) Monetary law

Q3. Suryoday Small Finance Bank Limited, a non-banking finance company, is engaged in providing loans to women from economically weaker sections. Where is the head office of Suryoday Small Finance Bank Limited?

(a) Navi Mumbai

(b) Pune

(c) New Delhi

(d) Bhopal

(e) Ahmedabad

Q4. What is the Dimension (size) of New 10 rupees note?

(a) 58 mm x 143 mm

(b) 66 mm x 122 mm

(c) 42 mm x 166 mm

(d) 66 mm x 122 mm

(e) 63 mm x 123 mm

Q5. _______________ of about 30% is levied on the amount that exceeds the fair market value of shares issued by unlisted companies.

(a) Bill Tax

(b) House Tax

(c) Angel Tax

(d) Law Tax

(e) Base Tax

Q6. ____________ and NITI Aayog have tied up to offer internship programme for the top performing students selected by Atal Innovation Mission (AIM).

(a) Apple

(b) Google

(c) Facebook

(d) Sony

(e) IBM

Q7. The Global Wage Report reviews the main trends in wages in developed, emerging and developing countries. It is published by-

(a) World Bank

(b) International Labour Organisation

(c) World Health Organization

(d) UNESCO

(e) United Nations Conference on Trade and Development

Q8. Which company became the first Indian company to cross Rs. 8 trillion market cap?

(a) Wipro

(b) TCS

(c) RIL

(d) Bharti Airtel

(e) SBI

Q9. Finance Minister Arun Jaitley during his budget speech (2018-19) stated that ‘the measures have started showing results and a recent study has shown that _____________ lakh formal jobs will be created this year.

(a) 90 lakh

(b) 30 lakh

(c) 50 lakh

(d) 70 lakh

(e) 10 lakh

Q10. Though the Centre may manage to achieve the debt-to-GDP ratio target of ___________ per cent by FY 2023, the states achieving the 20 per cent target looks difficult as most of them have not budgeted so far, warned a report.

(a) 25 per cent

(b) 60 per cent

(c) 30 per cent

(d) 50 per cent

(e) 40 per cent

Solutions

Ans.1.(b)

Exp. 3,250 Post Offices across urban and rural India, activated as banking access points of IPPB.

Ans.2.(b)

Sol. Monetary targeting (MT) is a simple rule for monetary policy according to which the central bank manages monetary aggregates as operating and/or intermediate target to influence the ultimate objective, price stability. Under MT, the inflation target is not announced and the central bank intervention is concentrated only on the money market.

Ans.3.(a)

Exp. The head office of Suryoday Small Finance Bank Limited is in Navi Mumbai, Maharashtra.

Ans.4.(e)

Exp.The size of new Rs. 10 Note is 63 mm x 123 mm.

Ans.5.(c)

Exp. Angel tax of about 30% is levied on the amount that exceeds the fair market value of shares issued by unlisted companies.

Ans.6.(e)

Exp. IBM and NITI Aayog have tied up to offer internship programme for the top performing students selected by Atal Innovation Mission (AIM). Over 40 high school students (under 18) will go through a two-week paid internship at the IBM Bangalore Campus. These students will be equipped with skills in areas like artificial intelligence, Internet-of-Things, cybersecurity, cloud computing and blockchain.

Ans.7.(b)

Exp.The Global Wage Report reviews the main trends in wages in developed, emerging and developing countries. It is published by International Labour Organisation (ILO).

Ans.8.(c)

Exp. RIL is first to hit ?8 trillion market cap in India. RIL became the first company in India to have crossed ?8-trillion market capitalisation after the company’s shares witnessed a record rally in 2018.

Ans.9.(d)

Exp.India’s frigid job market is finally expecting a warm up. The government believes that the policy measures taken over the last three years have started showing results. Quoting an independent study, Finance Minister Arun Jaitley during his budget speech said that ‘the measures have started showing results and a recent study has shown that 70 lakh formal jobs will be created this year’.

Ans.10.(e)

Exp. Though the Centre may manage to achieve the debt-to-GDP ratio target of 40 per cent by FY23, the states achieving the 20 per cent target looks difficult as most of them have not budgeted so far, warned a report.

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