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December 25, 2017

Important General / Financial Awareness Quiz of IBPS Clerks VII Main Exam

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  1. Association of Mutual Funds in India (AMFI) was incorporated on ___________
    1. 22 August 1995
    2. 22 August 1996
    3. 22 August 1997
    4. 22 August 1998
    5. 22 August 1999
  2. Recently, the contributor of the inflow funds in Mutual Funds sustained through new ETF as per AMFI. In this context, ETF stands for ___________
    1. Exchange Through Fund
    2. End Traded Fund
    3. Exchange Traded Fund
    4. Entitlement Traded Fund
    5. Exemplary Traded Fund 
  3. As per AMFI data, the Equity Funds, which also include ELSS saw significant net flows up to Rs. 20,308 crores in November 2017. In this context, ELSS stands for ___________
    1. Equity-Linked Saving Schemes
    2. Equality-Linked Saving Schemes
    3. End-Linked Saving Schemes
    4. Equity-Lock Saving Schemes
    5. Equity-Linked Stock Schemes
  4. SIP investment is a preferred route for retail investors in mutual funds as a helps them bring down market timing risks. Here, SIP means ___________
    1. Systematic Improvement Plan
    2. Systematic Intention Plan
    3. Spot Investment Plan
    4. Systematic Investment Plan
    5. Strategic Investment Plan
  5. Chairman of AMFI is ___________
    1. Satish Pillai
    2. B.Sambamurthy
    3. A.Bala subramanian
    4. UB Pravin Rao
    5. Satya Nadella
  6.  Chief Executive of AMFI is ___________
    1. Ajay Tyagi
    2. T.S.Vijayan
    3. N.S.Venkatesh
    4. Hemant G Contractor
    5. Hashmuck Athia
  7. Recently, we read about FATCA self dada-ration, to provide a self certification about one's tax residency. In this context, FATCA stands for ___________
    1. First Account Tax Compliance Act
    2. Front Account Tax Compliance Act
    3. Foreign Account Tax Compliance Act
    4. Foreign Account Tax Competence Act
    5. Foreign Admission Tax Compliance Act
  8. A loan secured by the collateral of specified immovable property, that the borrower is obliged to pay back with a predetermined set of payments is called ___________
    1. Mortgage
    2. Lien
    3. Pledge
    4. GIRO
    5. Attachment 
  9. A mode of transferring of funds out of India or into the country, bypassing official and legal channels is called ___________
    1. Hawala
    2. Awaltha
    3. Hundi
    4. SWIFT
    5. VISA
  10. Air India was sanctioned with a loan worth Rs 1,500 crore to meet urgent working cap-ital needs from Bank of India. The punch line of Bank of India is ___________
    1. Relationships beyond Banking
    2. India's International Bank
    3. Together We can
    4. Chutki Me Pay Kato
    5. Banking for All
  11. List of Punch lines of banks given. The wrong combination is ___________
    1. SBI - The banker to every Indian
    2. United Bank of India - Good People to bank with
    3. Allahabad Bank - A tradition of Trust
    4. Indian Bank - Taking Banking Technology to the Common Man
    5. Indian Overseas Bank - Good People to Grow With 
  12. India's first voice-based international remittance service to enable non-resident Indians (NRIs) to send money to any bank in India launched on 2 November 2017 by ___________
    1. Citi Bank
    2. IDBI
    3. City Union Bank
    4. ICICI Bank
    5. Karnataka Bank Ltd 
  13. Union government sets up panel to address NPAs in the power sector. The committee headed by ___________
    1. Amitabh Kant
    2. Rajiv Kumar
    3. Raj Kumar Singh
    4. N.K.Singh
    5. Viral Acharya
  14. On 5 December 2017, 3rd edition of the Dialogue between the NITI Aayog and the Development Research Council of China, the DRC-NITI Aayog Dialogue was held at
    ___________
    1. New Delhi
    2. Jakarta
    3. Mumbai
    4. Beijing
    5. Shanghai
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