Banking Awareness Quiz for IBPS PO IV and Clerks IV Online Exams - Set 22

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1. Which among the following statements is incorrect ?
1. RBI is a Banker to the Government of India
2. RBI frames and administers the Monetary Policy of India
3. RBI imposes taxes when the deposits of banks are decreased
4. RBI deals with the borrowing programs of Government of India
5. None
2. Recently, the Central Bureau of Investigation (CBI) has arrested S. K. Jain. Mr Jain is the Chairman of which bank ?

1. ICICI Bank
2. Bank of Baroda
3. Syndicate Bank
4. IDBI Bank
5. Punjab National Bank
3. Andhra Bank's head office is at Hyderabad. Pick the correct statement relating to Andhra Bank. 
1. Andhra Bank was founded by the eminent freedom fighter Dr. Bhogaraju Pattabhi Sitaramayya
2. The Bank commenced business on 28th November 1923 with an authorized capital of Rs. 10.00 lakhs
3. Andhra Bank's new mascot is Dolphin named DOLLe
4. Friendly, Intelligent, Responsive are the mascot slogans of Andhra Bank
5. All the above statements are correct
4. Which bank launched a mobile wallet 'Mobicash' in partnership with Oxigen Services (India) ?
1. Dhanalakshmi Bank
2. HDFC Bank
3. State Bank of India
4. Corporation Bank
5. United Bank of India
5. On 24th July 2014 the world bank announced that it is ready to commit how much money to support India over the next three years ?
1. $15-18 billion 
2. $ 28-29 billion
3. $ 1-5 billion
4. $ 3-8 billion
5. $ 18-26 billion
6. From January 2010, with which bank, Bank of Baroda and Legal & General (UK) commenced a Life Insurance Joint Venture by name M/s India First Life Insurance Co Ltd ?
1. Andhra Bank
2. Allahabad Bank
3. Union Bank of India
4. Bharatiya Mahila Bank
5. ICICI
7. International Day of Rural Women is observed on ?
1. September 15
2. July 15
3. December 15
4. October 15
5. November 15
8. Which among the following term is not used in Economics ?
1. Elasticity
2. WPI
3. Continental Drift
4. Balance of Trade
5. Fiscal Deficit
9. What is meant by "Public Sector Bank" ?
1. The bank runs by the government having the Directors elected by the public
2. The Bank gives the accounts to Government only but not private individuals
3. Government of India or RBI or both have the least 51% shares in the bank
4. More people visit these banks
5. None
10. The RBI on 30th June 2011 liberalized foreign direct investment norms allowing corporates to pay for import of _________ by issuing equity to their suppliers 
1. Capital goods
2. Machinery
3. Equipment
4. All the above
5. None of these
11. Recently on 15th July 2014, the European Parliament elected "Jean-Claude Juncker" in a secret ballot as President of the new European Commission. He is going to take office from ?
1. 1st November 2014
2. 1st December 2014
3. 1st January 2015
4. 1st September 2014
5. 1st October 2014
12. The minimum number of votes required to elect the president of European Commission are ?
1. 256
2. 376
3. 564
4. 895
5. 265
13. Largest public sector bank in India is ?
1. Punjab National Bank
2. State Bank of India
3. Canara Bank
4. Allahabad Bank
5. ICICI Bank
14. Public Sector Banks include ?
1. 20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI
2. 20 Nationalized Banks + 6 Private Banks
3. 14 Nationalized Banks + 6 SBI Associates + 7 Private Banks
4. 20 Nationalized Banks + State Bank of India + 5 Private Sector Banks + IDBI
5. 19 Nationalized Banks + State Bank of India + 6 SBI Associates
15. Which commission distributes the taxes between centre and states ?
1. Planning Commission
2. Board of Direct Taxes
3. Finance Commission
4. National Development Counsel
5. National Advisory Council 
16. 13th Finance Commission chairman is ?
1. Vijay C. Kelkar 
2. Harinarayana. J
3. Yougesh Agrawal
4. Y. V. Reddy
5. U. K. Sinha
17.  14th Finance Commission chairman is ?
1. Vijay C. Kelkar 
2. Harinarayana. J
3. Yougesh Agrawal
4. Y. V. Reddy
5. U. K. Sinha
18. List of Abbreviations given. Pick the wrong one ?
1. NALSA - National Legal Services Authority
2. Housing Development Finance Corporation (HDFC) 
3. The Industrial Development Bank of India (IDBI) 
4. Industrial Credit and Interchange Corporation of India (ICICI) 
5. United Commercial Bank (UCO)
19. Reserve Bank of India is funding to encourage advance training and research on banking issues, economic Growth. It is funding National Institute of Bank Management (NIBM) at ____________
1. Pune
2. Delhi
3. Kolkata
4. Hyderabad
5. Indore
20. Where is the Indira Gandhi Institute of Development and Research (IGIDR) ? This Research Institute is funding by Reserve Bank of India.
1. Hyderabad
2. Bhopal
3. Mumbai
4. Thiruvanantapuram
5. Kanyakumari

Read more Banking Awareness Model Practice Sets from below

• Set 1
• Set 2
• Set 3
• Set 4
• Set 5
• Set 6
• Set 7 
• Set 8
• Set 9 
• Set 10
• Set 11
• Set 12
• Set 13 
• Set 14 
• Set 15 
• Set 16 
• Set 17
• Set 18 
• Set 19
• Set 20
• Set 21

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