Banking Awareness Study Material 2017 Set – 240

Banking Awareness Practice Set

1. IBA stands for
Answer : Indian Banks’ Association

2. What is the present Repo Rate?
Answer : 6.25%

3. Which among the following rates is not the policy rate of RBI?
Answer : Cash Reserve Ratio

4. The Banking Ombudsman is a senior official appointed by…………..?
Answer : Reserve Bank of India

5. As on date, there is _________ Banking Ombudsman centre located in India.
Answer : 20

6. IBA was set up in ________ with 22 members to discuss issues of common interests.
Answer : 1946

7. What is the effort of IBA?
Answer : Co-ordinate and co-operate on procedural, legal, technical, administration, professional matters.

8. Central Government has notified in the Official Gazette ___________ CPI inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.
Answer : 4 percent

9. What is the full form of CPI?
Answer : Consumer Price Index

10. What is the focus & Priorities of IBA?
Answer : Members to encourage inter-bank co-operation and co-ordination

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