Banking Awareness Practice Paper for IBPS PO, SBI Associates PO and Other Exams

Banking Awareness Practice Paper for IBPS PO

1) RBI has cancelled the certificate of registration of six non-banking financial companies (NBFCs) in Delhi. What is the full form of NBFCs ?

1. Non-Banking Financial Companies
2. Non-Banking Financial Corporations
3. Native Banking Financial Corporations
4. None of these

2) RBI has recently penalised 12 banks in Deccan Chronicle Holdings Limited case. Which of the following banks given below is not penalised by RBI ?

1. ICICI Bank
2. HDFC Bank
3. Yes Bank
4. Punjab National Bank

3) FDI in insurance sector has been raised from 26 percent to how much percent by the Union cabinet ?

1. 32%
2. 45%
3. 49%
4. 50%

4) Which of the following companies has become the first Indian company to achieve a market capitalization of 5 Lakh crore rupees ?

1. Oil and Natural Gas Corporation (ONGC)
2. Tata Consultancy Services (TCS)
3. Reliance Industries (RIL)
4. Infosys

5) The Union Finance Minister Arun Jaitly has re-launched the Varishtha Pension Bima Yojana. Which of the following organisations will administer this scheme ?

1. LIC
2. SBI
3. RBI
4. NABARD

6) Union Ministry of Corporate Affairs has constituted an Expert Committee on Cost Records and Cost Audits. Who of the following is the head of this Committee ?

1. Aruna Sethi
2. R.K. Jain
3. R.S. Sharma
4. Chadra Wadhwa

7) The Reserve Bank of India (RBI) has cancelled the licence of The Vasai Co-operative Urban Bank Ltd. This bank is located in which of the following states ?

1. Telangana
2. Andhra Pradesh
3. Karnataka
4. Tamil Nadu

8) RBI has made Statutory Liquidity Ratio (SLR) cut by 0.50% to how much percent to unlock banking funds in its bi-monthly monetary policy statement ?

1. 22%
2. 22.5%
3. 7%
4. 8%

9) Who of the following is the CMD of Syndicate Bank, arrested by CBI in a case of bribery of Rs 50 Lakh to enhance the credit limit of some companies ?

1. S.K. Jain
2. Pankaj Bansal
3. Pawan Bansal
4. Ved Prakash Agarwal

10) Union Government has granted Navaratna Status to which of the following public sector enterprises ?

1. Container Corporation of India Limited
2. Electronics Corporation of India Limited
3. Heavy Engineering Corporation Limited
4. IRCON International Limited

11) The government will soon launch a Financial Inclusion Mission, a time bound programme to provide all households in the country with the banking services. What is the name of this mission ?

1. Sampoorn Vittiya Samaveshan Mission
2. Pradhan Mantri Jan Dhan Yojana
3. Prime Minister Vittiya Samevesh Mission
4. Sampoorn Bharat Samaveshan Mission

12) Tata-Singapore Airlines (SIA) has launched the name and logo of its upcoming joint venture airlines which will start its operation from October 2014. What is the name of joint venture airlines ?

1. Vistara
2. Sistara
3. Sintata
4. Resata

13) Which of the following bank has bagged the Core Banking System Initiative Award for the year 2014 at the Asian Banking and Finance-Retail Banking Awards 2014 ?

1. Yes Bank
2. Axis Bank
3. HDFC Bank
4. Bharatiya Mahila Bank Ltd

14) Union Cabinet has allowed foreign investment in the Railways infrastructure at how much percent ?

1. 100%
2. 49%
3. 51%
4. 42%

15) Which of the following mobile manufacturer has replaced Samsung to become the leading mobile phone vendor in India in terms of market share according to a recent report by a market research firm ?

1. Micromax
2. Nokia
3. Lava
4. Karbonn

16) Which of the following banks has launched a travel card for students going abroad for studies ?

1. State Bank of India
2. ICICI Bank
3. HDFC Bank
4. Bank of India

17) Which of the following private sector banks in India has opened its branch in Dubai ?

1. HDFC Bank
2. ICICI Bank
3. Yes Bank
4. Kotak Mahindra Bank

18) The RBI has reduced the number of free transactions at ATMs of other banks to how much from earlier 5 transactions per month ?

1. 4
2. 3
3. 2
4. 1

19) The Union Government has set up the Expenditure Management Commission which will suggest ways to reduce food, fertiliser and oil subsidies to contain the fiscal deficit. Who of the following is the head of this Commission ?

1. Ashok Mehta
2. Bimal Jalan
3. Brajesh Pathak
4. Shanta Kumar

20) SEBI has issued SEBI KYC (Know Your Client) Registration Agency (Second Amendment) Regulations, 2014. Who of the following is the Chairman of SEBI ?

1. U.K. Sinha
2. Arundhati Bhattacharya
3. Chadra Kochhar
4. Shikha Sharma

Important Links:

• Bank Awareness Practice Paper Sets 
• Banking Awareness: The Finance Commission of India for Coming Bank Tests
• Banking Awareness: All About World Trade Organization (WTO)