20 October 2016

Latest General Awareness Questions for IBPS POs, Clerks, RRBs and Specialist Officers - 2016

1. On 6 October 2016, the Operating Guidelines for Payment banks issued. The guidelines for Licensing of Payment banks earlier passed by RBI on ...
1) 1 April 2016 2) 26 January 2016
3) 1 January 2014 4) 21 November 2015
5) 27 November 2014

2. As per the operating guidelines issued for payment banks on 6 October 2016, Minimum
Capital Requirement fixed at...
1) 15% 2) 11.5% 3) 6% 4) 7.5% 5) 8.2%

3. Payment Banks are allowed to participate in the call money and CBLO market as both borrowers and lenders, subject to the limit on call money borrowings as applicable to scheduled commercial banks. In this context, CBLO stands for...?
1) collateralized borrowing and lending obligation
2) correlative borrowing and lending obligation
3) collateralized beginning and lending obligation
4) collateralized borrowing and leverage obligation
5) central borrowing and lending obligation

4. As per the guidelines issued on 6 October 2016 by RBI, Payment Banks will not be permitted to lend to any person including their directors. However, they may lend to ... out of the bank's own funds, as per a board approved policy outlining the caps on such loans.
1) Their own employees 2) local business men
3) Income tax payees 4) Small transport companies
5) Share market brokers

5. The aim of RBI to permit the Payment banks is...?
1) to boost Financial inclusion
2) to allow the payments/ remittance services to migrant labour workforce
3) to help the low house holds
4) to help the small entities to do banking business
5) All of above

6. The license of Payment banks can be given to...
1) Existing non-bank Pre-paid Payment Instrument (PPI) issuers
2) Non-Banking Finance Companies (NBFCs)
3) corporate Business Correspondents(BCs)
4) super-market chains
5) All of above

7. The equity capital of Payment banks is...?
1) Rs.10 crore 2) Rs.700 crore
3) Rs.1000 crore 4) Rs.500 crore
5) Rs.100 crore

8. Payment banks not allowed to....?
1) issue credit card 2) issue debit card
3) issue cheque book
4) have remittance services
5) provide accounts to women

9. Promoter's minimum initial contribution to the paid-up equity capital of payments bank shall
at least be .... for the first five years
1) 40% 2) 26% 3) 15% 4) 25% 5) 49%

10. Payments banks can give savings accounts to customers. But in the single customer account, the maximum balance allowed not more than....?
1) Rs. 1 Lakh 2) Rs.75,000 3) Rs.2 Lakh
4) Rs. 5 Lakh 5) customer of bank can maintain any balance

11. The Foreign shareholding in the payments bank allowed up to....?
1)10% 2) 35% 3) 49% 4) 26%
5) as per the FDI policy for private sector banks as amended from time to time

12. On 4 February 2015, RBI appointed the External Advisory Committee for Payments
Banks under the chairmanship of...?
1) Raghuram Rajan 2) Shyamal Gopinath
3) Urjit Patel 4) Narasimham
5) Nachiket Mor

13. First domestic Bank to open a branch in the city of Yangon, Myanmar is...?
1) SBI 2) Corporation Bank
3) Canara Bank 4) Andhra Bank 5) PNB

14. Union Government on 1 October 2016 gave a year extension to the Chairman of SBI.
She is....?
1) Arundhati Bhattacharya
2) Usha Anantha Subramanyam
3) Chitra Ramkrishna
4) Lalitha Kumaramangalam
5) Naina Lal Kidwai

15. In the news papers it is reported that SBI may sell away 5% stake in SBI Life which
may fetch the bank as much as Rs.1,950 crore. Who is the partner of SBI in SBI Life?
1) Prudential (USA) 2) Lombard (Canada)
3) IAG (Australia) 4) PNB Paribas (France)
5) ERGO (Germany)

16. Which bank got the Best bank got award in Retail Banking category, in the 10th edition
of Dun & Bradstreet's India's Top Banks & Banking Awards 2016?
1) ICICI 2) Andhra Bank
3) SBI 4) PNB 5) Yes Bank

17. Which High Court declined to grant a stay to the acquisition process of State Bank of
Travancore (SBT) by SBI on 8 October 2016?
1) AP 2) Karnataka 3) Kerala
4) Tamil Nadu 5) Delhi

18. Punch Lines of Banks given. The wrong combination is...?
1) SBI - The name you can bank upon
2) Andhra bank-Where India Banks
3) Bank of India-Relationship beyond banking
4) Bank of Baroda-India's International Bank
5) Indian Overseas Bank-Good People to Grow With

19. Which International monetary organisation sanctioned Rs. 980 crore to dredge the Brahmaputra as an initiative to develop waterways to Bangladesh and to other South East Asian countries?
1) Asian Development Bank 2) AIIB
3) World bank 4) IMF 5) New Development Bank

20. Acceptance of debit cards in shops set to get a big boost as RBI ready to set up ADF. The fund is expected to subsidise setting up of point of sales terminals or machines that enable acceptance of credit cards in areas where banks do not consider it viable to do so. In this context, ADF stands for...
1) Acceptance Development Fund
2) Agreement Development Fund
3) Acceptance Donor Fund
4) Acceptance Donation Fund
5) Admire Development Fund

Answers:

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

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