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January 23, 2017

Banking Awareness Quiz for IPPB Scale I Officers Main Exam

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  1. What is the Adhar Toll Free No. ?
    1. 1800 - 300 - 1947
    2. 1800 - 200 - 1947
    3. 1800 - 400 - 1947
    4. 1800 - 200 - 2017
    5. 1800 - 300 - 2017
  2. As per the Companies Act 2013 (amended) how much of the profits should be allocated towards CSR (Corporate Social Responsibility)?
    1. 1%
    2. 2%
    3. 3%
    4. 4%
    5. 5%
  3. The Regulator for Insurance business in India is :
    1. Life Insurance Corporation of India
    2. General Insurance Corporation
    3. Insurance Regulatory Development Authority of India
    4. SEBI
    5. None of the above
  4. The full form of MDR is :
    1. Merchant Discount Rate
    2. Maximum Discount Rate
    3. Minimum Discount Rate
    4. Mandatory Discount Rate
    5. Merchant Discretionary Rate
  5. Who is the Brand ambassador of Punjab National Bank ?
    1. MS Dhoni
    2. Virat Kohli
    3. Harbhajan Singh
    4. Suresh Raina
    5. Yuvraj Singh
  6. Full form of BBPOU is :
    1. Bharat Bill Payment Operating Unit
    2. Birla Bill Payment Operating Unit
    3. Bharat Bill Payment Outlet Unit
    4. Bharatiya Bill Payment outlet unit
    5. None of the above
  7. Who is the new deputy governor of RBI ?
    1. Viral Acharya
    2. Ravishankar Thakkar
    3. Santanu Mukherjee
    4. Shyam Srinivasan
    5. Suresh N Patel 
  8. Full form of IPPB is :
    1. India Post Payment Bank
    2. Indian Prime Payment Bank
    3. International Primary Payme-nt Bank
    4. Indian Project for Payment Bank
    5. None of the above 
  9. Which of the following companies is the sole Reinsurance Company in India ?
    1. Life Insurance Corporation of India
    2. ICICI Prudential Life Insurance Company
    3. National Insurance Company
    4. New India Assurance Company
    5. General Insurance Corporation
  10. _______________ is known as the third pillar of Basel-II accord.
    1. Minimum capital requirement
    2. Supervisory review process
    3. Market discipline
    4. Standardized Approach
    5. None of the above
  11. What is the maximum amount of finance under Shishu category of MUDRA ?
    1. Rs. 20,000 
    2. Rs. 30,000
    3. Rs. 50,000
    4. Rs. 40,000
    5. Rs. 25,000
  12. Crossing is applicable to :
    1. Cheques
    2. Drafts
    3. Promissory notes
    4. 1, 2 only
    5. None of the above
  13. Who among the following will face certain restrictions to obtain loan from a Bank?
    1. Staff working in Reserve Bank of India
    2. Staff working in Finance Ministry
    3. Staff working in Bank Industry
    4. Directors of the Bank
    5. No such restrictions
  14. Government of India has developed an APP for sending SMS in mother tongue is called as:
    1. Bhasha Shakti
    2. Aksharavani
    3. Amritvani
    4. Ourbhasha
    5. Bharatavani
  15. NFSA Stands for :
    1. National Food Security Act
    2. National Fire Security Act
    3. Need-based Food Security Act
    4. New Food Security Act
    5. None of the above 
  16. FIMMDA's general principles and procedures are applicable to:
    1. Fixed Income Markets
    2. Money Markets
    3. Derivatives Markets
    4. All of the above
    5. None of the above
  17. A bank in India, wants to undertake Capital market activities, it should :
    1. Obtain special license from AMFI
    2. Obtain special license from FIMMDA
    3. Both 1, 2
    4. Register with SEBI
    5. Register with Registrar of Companies
  18. Which of the following is NOT a part of the Ministry of Finance ?
    1. Department of Financial Services
    2. Department of Expenditure
    3. Department of Revenue
    4. Department of Economic Affairs
    5. Department of Resource Mobilisation
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