Banking Awareness Questions for IBPS PO & Clerk Exam 2017

Banking Awareness Questions

Banking Awareness Questions for IBPS PO & Clerk Exam 2017

1. ____________ received final approval from Department of Telecommunication (DoT) for its merger with Sistema. It will extend validity of Company’s spectrum portfolio in highly valued 800 and 850 MHz band in 8 major telecom circles across country for 12 years period (2021 to 2033) ?
Reliance Communication
Tata Telecm
Bharti Airtel
None of These
( Ans – 1)

2. ___________ became first Indian company to cross Rs 6 trillion market capitalization after its shares surged over 75% and hit a fresh lifetime high with current market cap of INR 6.02 trillion. Recent rally in stockss was due to 15% tariff hike by its telecom arm Jio that is expected to improve company’s profitability ?
Tata Sons
Adani Group
Reliance Industries
None of These
( Ans – 4)

3. Reserve Bank of India (RBI) approved directions for peer-to-peer (P2P) lending. P2P lending is online mechanism which raises loans for people who need to borrow, from people who want to invest.
Recently RBI notified that peer-to-peer (P2P) lending platforms would be treated as non-banking financial companies (NBFCs).
RBI has now stated that aggregate exposure of a lender to all borrowers and Aggregate loans taken by a Borrower shall not exceed ___________, across all P2P Platforms.
Exposure of a single lender to the same borrower is capped at Rs. 50,000. Tenure of the loan should not exceed 36 months.
5 lakh
30 lakh
20 lakh
10 lakh
None of These
( Ans – 4)

4. Reserve Bank of India (RBI) has Put penalties on Yes Bank and IDFC Bank –
Yes Bank – _________ crore penalty for misreporting data on non-performing assets.
IDFC Bank – 2 crore penalty for breaching regulations on giving loans.
None of These
( Ans – 2)

5. Reserve Bank of India (RBI) initiated PCA (___________) on Oriental Bank of Commerce (OBC) that restricts several banking activities in view of high non-performing assets. Activities Include openin branches, hiring staff and lending activities. OBC is 7th Govt. bank to face such restrictions by RBI after Dena Bank, Central Bank of India, IDBI Bank, Indian Overseas Bank, Bank of Maharashtra and UCO Bank. ?
Prompt collective action
Pure corrective action
Prompt collaborative action
Prompt conservative action
Prompt corrective action
( Ans – 5)

6. Reserve Bank of India (RBI) launched financial literacy drive in 80 blocks in _________ states to educate people on e-transactions, formal sector borrowings and insurance purchases ?
None of These
( Ans – 1)

7. Reserve Bank of India (RBI) made Legal Entity Identifier (LEI) compulsory for companies having with Loans of Rs _____________ crores. Banks will capture this number in Central Repository of Information on Large Credits (CRILC) database that captures details of loan above this amount.
LEI number will help banks in monitoring the aggregate exposure of corporate borrowers. Firms can obtain their LEI code from Legal Entity Identifier India Ltd. (LEIL).
LEI is a global reference number that uniquely identifies every legal entity or structure that is party to a financial transaction. It is a unique 20 digit alphanumeric code that is assigned to a legal entity.
LEI system has been set up Global authorities to enable identification and linking of parties to financial transactions in order to manage counterparty risk ?
None of These
( Ans – 4)

8. Reserve Bank of India (RBI) stated that Gross Non-Performing Assets (GNPA) ratio for NBFCs has increased to __________ at end of March 2017 from 2.9 % in March 2012.
Bad loans of NBFCs amount to around Rs.74,230 crores. However, compared to banks, NBFCs reported a fairly higher Return on Assets.
Capital to Risk-weighted Assets Ratio (CRAR) of NBFCs has declined in recent years. Still, it was higher than the prescribed regulatory level of 15 %.
Capital to Risk-Weighted Assets Ratio (CRAR) OR Capital Adequacy Ratio (CAR) is ratio of a bank’s capital to its risk. It marks bank’s ability to absorb a reasonable amount of loss.
4 %
7 %
5 %
6 %
None of These
( Ans – 3)

9. Reserve Bank of India opened a branch in Dehradun (___________) to ease up Related financial transactions for State government. Earlier, state government had to do financial transactions through Kanpur (UP) branch of RBI ?
Himachal Pradesh
J & K
None of These
( Ans – 2)

10. ___________ Collaborative Innovation Centre (CIC) launched 2nd edition of its Hackathon named Digitize For Bankand to be held in first half of November 2017. It focuses on 4 Cognitive themes – Facial Recognition, Signature Recognition, Voice based Authentication and Cheque Truncation Value Enhancers. It aims to bring out solutions based on digital technologies to counter challenges faced by Banking sector ?
None of These
( Ans – 4)

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Prashant Chaturvedi

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