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Banking Awareness Questions for Canara Bank PO and Clerk | 2018

Q1. The International Labour Organisation (ILO) has released a report "World Employment and Social Outlook Trends - 2018". As per the report, it is projected that the number of unemployed persons in India is expected to rise from 18.3 million in 2017 to 18.6 million in 2018 and 18.9 million by 2019. At the same time, unemployment rate is expected to remain static at ___________________ per cent during the same period.
 5.5 per cent
 2.5 per cent
 3.5 per cent
 4.5 per cent
 0.5 per cent

Q2. Under the “Income Tax Informants Reward Scheme, 2018”, a person can get reward up to ___________________ for giving specific information in prescribed manner to the designated officers of Investigation Directorates in Income Tax Department about substantial evasion of tax on income or assets in India which are actionable under the Income-tax Act, 1961.
 Rs. 10 lakh
 Rs. 05 lakh
 Rs. 50 lakh
 Rs. 60 lakh
 Rs. 90 lakh

Q3. Which Bank has announced an ESOP scheme with a view to retaining its talent and incentivising staff by issuing up to 10 crore equity shares?
 Punjab National Bank
 ICICI Bank
 State Bank of India
 HDFC Bank
 Yes Bank

Q4. Giving an impetus to the low-cost housing segment, the Reserve Bank of India has stated housing loans of up to Rs _____________ , for dwellings costing less than Rs 45 lakh, will be treated as priority sector lending in metropolitan centre (with population of ten lakh and above).
 Rs 42 lakhs
 Rs 40 lakhs
 Rs 32 lakhs
 Rs 35 lakhs
 Rs 30 lakhs

Q5. The Reserve Bank of India has issued a licence to _______________ to launch operations in India.
 CITIC Ka Wah Bank Limited
 China Construction Bank
 Bank of China
 Chong Hing Bank Limited
 Bank of East Asia Limited

Q6. Marg ERP limited, a leading Inventory and Accounting software solution company has partnered with which Bank to offer an integrated payments platform to Micro, Small and Medium Enterprise (MSME) customers, using MARG's accounting software?
 SBI
 ICICI Bank
 PNB
 Axis Bank
 Bank of Baroda

Q7. Prime Minister Narendra Modi’s government last year set a target of raising annual health spending to 2.5% of India’s GDP by ___________, from 1.15% now- one of the lowest proportions in the world.
 2025
 2020
 2022
 2030
 2019

Q8. Under which section of Insurance act 1938, the Amalgamation and Transfer of Insurance Business came?
 section 23
 section 35
 section 40
 section 32
 section 56

Q9. The Securities and Exchanges Board of India (SEBI) on March 28, 2018 accepted 40 out of 80 recommendations suggested by the Uday Kotak Committee on Corporate Governance. Reduction in the maximum number of listed entity directorships to ______________ by April 01, 2019 and to 7 by April 1, 2020.
 05
 12
 08
 10
 15

Q10. MICR code is used mainly by the banking industry to ease the processing and clearance of cheques and other documents. MICR stands for
 Magnetic Indian Character Recognition
 Management Ink Character Recognition
 Magnetic Ink Common Recognition
 Magnetic Ink Character Resource
 Magnetic Ink Character Recognition











SOLUTIONS

1.C
2.C
3.A
4.D
5.C
6.B
7.A
8.B
9.C
10.E

5 Banking and SSC : Banking Awareness Questions for Canara Bank PO and Clerk | 2018 Q1. The International Labour Organisation (ILO) has released a report "World Employment and Social Outlook Trends - 2018". As per...

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