Monthly Archives: January 2019

200 Best MCQ current affairs for IBPS Clerk Mains

1500 Best MCQ (General Awareness/ Financial News) Set 2 for IBPS Clerk Mains

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Banking Awareness Quiz 104

Banking Awareness Quiz for SBI PO 2019 & IBPS Clerk Mains

Welcome to your Banking Awareness Quiz 104

1.  What does M in ‘MUDRA’ stand for ?
2.  'FEDAI' is an association of banks specializing in the foreign exchange activities in India. In 'FEDAI' 'D' stands for __ ?
3.  IOSCO is an international standard setter for Security Markets. What is the expanded form of IOSCO ?
4. Which of the following bodies has set up a ten-member panel to review norms related to Insurance Marketing Firm (IMF) with an aim to increase insurance penetration in the country ?
5. MUDRA stands for Micro Units Development and Refinance Agency. When was MUDRA launched ?
6. Under which of the following sections of the Reserve Bank of India (RBI) Act 1934, does the RBI possess the sole right to issue bank notes of all denominations ?
7. Money lent for more than one day but less than 15 days in the money market is known as ____ ?
8. What do you understand by the term “Core Inflation” ?
9. Demand draft is a negotiable instrument issued by a certain bank that directs the other bank or one of its own branches to pay a certain sum of money to the payee. A demand draft in which the payment is made only after the specified period is known as ____?
10. Which one of the following is not associated with Market Risk ?

High Level Puzzle for IBPS Clerk Mains

Eight Persons Z, X, Y, W, V, U,R and S are sitting around a circular table for the lunch .They all are facing towards the center of the table. They all belong to different cities of Uttar Pradesh viz. Jaunpur, Sultanpur, Lucknow, Hardoi, Saharanpur, Mathura, Varanasi and Noida but not necessarily in the same order. They all ordered three different meal packages – Chowmein, Fried Rice and Set Dosa. At least two persons order one food package. Only W and V order Chowmein and W sits third to the right of V. Z is from Saharanpur and he orders Fried Rice and sits on the immediate right of V. U is from Hardoi and he orders Set Dosa. S orders the same food as R. R is third to the left of U. X sits opposite the person who is from Noida. Y sits exactly opposite the person who belongs to Jaunpur. The persons who belong to Mathura and Lucknow order Fried Rice. R is from Noida. X is from Lucknow. The persons who oder Fried Rice do not sits adjacent to each other. The one who is from Varanasi does not order Fried Rice or Chowmein. S is not from Mathura.

Answer of the Puzzle

Banking Awareness Quiz 103

Banking Awareness Quiz for IBPS Clerk Mains & SBI PO 2019

Welcome to your Banking Awareness Quiz 103

1.  Which of the following is incorrect with reference to a Demand Draft in India ?
2.  The Reserve Bank of India is considering setting up a PCR, which will be an extensive database of credit information for India that will be accessible to all stakeholders. Here PCR stands for ?
3. A SWIFT transfer is a type of international money transfer sent via the SWIFT international payment network. For every bank, there is a special swift code that works for its identification. The SWIFT code consists of how many characters?
4. The Reserve Bank of India (RBI) has issued the final guidelines suggesting on ‘NSFR’ to ensure that banks have sufficient stable sources of funding to finance their activities over the long term. What is the expanded form of ‘NSFR’ ?
5. Which of the following is not correct with respect to 'Preference Shares' ?
6. ‘CDS’ offer protection against the non-payment of unsecured corporate or sovereign debt. Here ‘CDS’ stands for ____ ?
7. Small Finance Banks (SFBs) will be required to extend 75% of their adjusted net bank credit (ANBC) for ____ ?
8. Which of the following organizations is the Mutual Fund Market regulator ?
9. In terms of Section 20(1) of the Banking Regulation Act, 1949, a bank cannot grant any loans and advances  ?
10. National Securities Depository Limited(NSDL) deals with ?

Banking Awareness Quiz 102

Banking Awareness Quiz for Clerk Mains & SBI PO 2019

Welcome to your Banking Awareness Quiz 102

1.  CIBIL as a credit bureau caters to ?
2.  In Income tax, 10% surcharge is applicable to individuals who earn ____ ?
3. The Bank Boards Bureau (BBB) has evolved a (GRAF) for public sector banks to ensure that they can compete successfully with other banks. Here GRAF stands for ?
4. Which of the following statement is correct regarding the Open Market Operations ?
5. What is the 'Letter of Credit' (L/c) also known as?
6. ‘PFE’ is a measure used primarily for credit risk measurement to assess the expected exposure to a counterparty. What is the expanded form of ‘PFE’ ?
7. Which of the following statements are correct with reference to electoral bonds?
a) Electoral bonds have a shelf-life of 15 days. 
b) Electoral bonds can be purchased from any bank. 
c) Electoral bonds can be bought for any value, in multiples of Rs 10, Rs 100, Rs 1000, Rs 10,000 or Rs 1 lakh. 
8. With reference to the Credit Card number, which of the following digits help in identifying the Credit Card Network ?
9.  NEER and REER are the terms associated with which of the following ?
10.  What do you understand by RBI’s “Rural Branching Mandate” ?

High Level Puzzle for IBPS Clerk Mains

Seven friends namely  A, B, C, D, E, F and G have to go to class on seven different days of the same week starting from Monday to Sunday but not necessarily in the same order. Each one of them studies different subject, Math, Hindi, English, Physics, Sanskrit, G.A and Economics but not necessarily in the same order. They wear different colour of the dress. G studies Sanskrit and she wears red colour dress, but does not go to class on Fridays and Sundays. The person who goes to class on  Saturday, he/she wears brown colour dress. The person who wears purple colour dress, studies economics. D wears pink colour dress and goes to class Tuesday and not studies physics. A studies math and he wears blue colour dress and there is one day gap between the day on which  A goes to class and the person who wears black colour. G does not attend the class immediately before or after E and D. There is one day gap between the person who studies Sanskrit and the person who studies G.A. The person who goes to class on Wednesday does not study math as subject. There is one day gap between the person who studies hindi and the day A goes to class. There is two days gap between the person who wears white colour dress and the person who studies English subject. A does not go to class last day of the week and does not wear white colour dress. E wears brown colour dress. F does not wear white and black colour dress and there are three days gap between the day on which B attends class and the day F  goes to class.

Answer of the Puzzle

Banking Awareness Quiz 101

Banking Awareness Quiz for Clerk Mains & SBI PO 2019 / NIACL AO

Welcome to your Banking Awareness Quiz 101

1.  In economics, 'NEER' is an indicator of a country's international competitiveness in terms of the foreign exchange (forex) market. What does 'NEER' stand for ?
2.  The PM MUDRA Yojna has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of development. To address these three segments, the scheme has launched three loan instruments. Which of the following is the correct loan outlay as given under the 'Shishu’ Scheme' ?
3.  Which of the following schemes is NOT aimed at promoting Financial Inclusion ?
4.  Money Market is a market for short-term debt securities. What are the Major money market Instruments? 
a) Certificate of Deposit (CD) 
b) Treasury Bills 
c) Debenture 
d) Mutual Fund
5.  Which of the following is the maximum amount that can be invested in a National Savings Certificate (NSC) ?
6.  What does ‘G’ stands for in ‘DICGC’ ?
7.  Which of the following is the basic characteristic of Participatory Notes ?
8.  Which of the following All India Financial Institution (AIFI) is a wholly-owned subsidiary of the Reserve Bank of India ?
9.  When was the concept of PCA first introduced in India ?
10.  What does the letter 'I' in  ‘IMPS’ stand for ?