IBPS GENERAL AWARENESS SOLVED QUESTIONS

1. Which of the following statements about CHOGM 2011 is/are true?
1) The Commonwealth Heads of Government Meeting 2011, commonly known as CHOGM 2011, was held in Perth, Australia in October 2011.
2) The 22nd Meeting of the Heads of Government of the Commonwealth of Nations was chaired by Julia Gillard, the Prime Minister of Australia.
3) Hamid Ansari, the Vice President, represented India at the Summit.
4) Canadian Prime Minister Stephen Harper had threatened to boycott the 2013 CHOGM, to be held in Sri Lanka, if allegations of human rights abuses against the country's Tamil minority were not investigated.
5) All the statements are correct.

2. Muammar Qadhafi was killed in October 2011 in his hometown Sirte. He was the former leader of which of the following countries?
1) Tunisia
2) Egypt
3) Syria
4) Libya
5) Yemen

3. The Election Commission has disqualified Umlesh Yadav, an MLA from Uttar Pradesh, from contesting again for three years for suppressing expenditure (the amount spent for issuing the advertisements) in her election accounts. She is the first political victim of the paid news phenomenon. She was elected from which of the following political parties?
1) Rashtriya Janata Dal
2) Samajwadi Party
3) Rashtriya Parivartan Dal
4) Bharatiya Janata Party
5) Bahujan Samaj Party

4. Alain Juppe visited India in October 2011. He is the Minister for Foreign Affairs of which of the following countries?
1) Germany
2) Italy
3) United Kingdom
4) France
5) Spain

5. M.K.Mani has been honoured with the 40th Dhanvantari Award. In which of the following fields is this prestigious award given annually?
1) Print Journalism
2) Cinema
3) Architecture
4) Medical Science
 5) Literature

6. The South India's first metro rail service was started in which of the following cities in October 2011?
1) Chennai
2) Bangalore
3) Hyderabad
4) Cochin
5) None of these

7. Who is the Chairman of the Prime Minister's Economic Advisory Council (PMEAC)?
1) Bimal Jalan
2) Suresh Tendulkar
3) C.Rangarajan
4) Y.V.Reddy
5) Montek Singh Ahluwalia

8. Shakti-2011 is a joint army exercise between India and which of the following countries? (It was conducted in Uttarakhand in October 2011)
1) Sri Lanka
2) France
3) USA
4) China
5) Philippines

9. Who won the National Chess title in Aurangabad in October 2011?
1) Abhijeet Gupta
2) Deepan Chakkravarthy
3) S.P.Sethuraman
4) M.R.Venkatesh
5) Vidit Gujarathi

10. Who has been honoured with the Presidential Citizens Medal by U.S. President Barack Obama for her courage in overcoming and speaking out against domestic abuse in the Indian-American community?
1) Kavya Lahiri
2) Vijaya Emani
3) Kalpana Sen
4) Anuradha Sen
5) None of these

11. Which English cricketer is the author of the book 'The Breaks are off-My Autobiography'?
1) Kevin Pietersen
2) Graeme Swann
3) Alastair Cook
4) Ian Bell
5) Andrew Strauss

12. Who made history by winning the inaugural Formula One Indian Grand Prix at the Buddh International Circuit in Greater Noida in October 2011?
1) Sebastian Vettel
2) Jenson Button
3) Fernando Alonso
4) Mark Webber
5) Michael Schumacher

13. Who was re-appointed the Commonwealth Secretary- General for four more years in October 2011?
1) Don McKinnon
2) Arnold Smith
3) Kamalesh Sharma
4) Shridath Ramphal
5) None

14. Who received "The Hindu Lite-rary Prize for Best Fiction 2011" for his/her debut novel "The Sly Company of People Who Care" in October 2011?
1) N.S.Madhavan
2) Rahul Bhattacharya
3) Amitav Ghosh
4) Anuradha Roy
5) None

15. Who is the author of the book 'The TCS Story…and Beyond'?
1) Ratan Tata
2) N.Chandrasekaran
3) S.Ramadorai
4) N.R.Narayana Murty
5) Nandan Nilekani

16. The National Development Council (NDC) meeting was held in New Delhi recently. Who is the Chairman of the NDC?
1) Manmohan Singh
2) P.Chidambaram
3) Pranab Mukherjee
4) Sonia Gandhi
5) Montek Singh Ahluwalia

17. Jigme Khesar Namgyel Wangchuck visited India recently. He is the king of which of the following countries?
1) Nepal
2) Mauritius
3) Thailand
4) Bhutan
5) None of these

18. New Zealand won the Rugby World Cup in October 2011 after defeating which of the following countries in the final held in Auckland, New Zealand?
1) USA
2) UK
3) Canada
4) Australia
5) France

19. Ellen Johnson Sirleaf is one of the three recipients of the Nobel Peace Prize for 2011. She is the President of which of the following countries?
1) Yemen
2) Liberia
3) Rwanda
4) Sudan
5) Kenya

20. Who is considered as the father of the white revolution in India?
1) M.S.Swaminathan
2) H.G. Khorana
3) U.R.Rao
4) Verghese Kurien
5) None

21. Which of the following terms is used in the game of hockey?
1) Deuce
2) Penalty Corner
3) LBW
4) No Ball
5) Back Hand

22. Which city hosted the 5th IBSA Summit in October 2011?
1) Cape Town
2) Durban
3) Pretoria
4) Johannesburg
5) Bloemfontein

23. Who among the following leaders did not attend the IBSA Summit in October 2011?
1) Dilma Rousseff
2) Jacob Zuma
3) Manmohan Singh
4) Dmitri Medvedev
5) None of these

24. Who among as following has been elected the President of Kyrgyzstan? (He is the present Prime Minister)
1) Adakhan Madumarov
2) Kamchibek Tashiyev
3) Almazbek Atambayev
4) Nursultan Nazarbayev
5) None of these

25. Who was presented the Indira Gandhi Award for National Integration 2010 for his yeoman service in promoting and preserving the spirit of national integration on October 31, 2011, the death anniversary of Indira Gandhi?
1) Vijay Darda
2) Mohan Dharia
3) Jaipal Reddy
4) Pranab Mukherjee
5) A.K.Antony

26. Who headed the Committee on direct transfer of subsidies on Kerosene, LPG and Fertilizers to the beneficiaries?
1) Manmohan Singh
2) Pranab Mukherjee
3) C.Rangarajan
4) Nandan Nilekani
5) Montek Singh Ahluwalia

27. Which of the following programmes launched by the Government of India aims at enhancing the Livelihood security of the people in rural areas by guaranteeing hundred days of employment in a financial year to a rural household?
1) JNNURM
2) ASHA
3) Kutir Jyoyhi
4) Bharat Nirman
5) MGNREGS

28. Which of the following is the period of the first Five Year Plan in India?
1) 1950-55
2) 1947-52
3) 1951-56
4) 1948-53
5) None of these

29. What is the name of the scheme that was launched by the Government of India for adolescent girls in November 2010?
1) ASHA
2) Swabhiman
3) Swawalamban
4) SABALA
5) Aadhar

30. PIIGS is an acronym for nations of which of the following continents?
1) Asia
2) Africa
3) Europe
4)South America
5) North America

31. Who among the following has never worked as RBI Governor?
1) C.Rangarajan
2) Bimal Jalan
3) Manmohan Singh
4) L.K.Jha
5) Yashwant Sinha

32. Which bank has taken over the Centurion Bank of Punjab?
1) ICICI Bank
2) HDFC Bank
3) IDBI Bank
4) AXIS Bank
5) OBC

33. Which country is considered as the pioneer of Micro Finance?
1) India
 2) Pakistan
3) Bangladesh
4) Sri Lanka
5) China

Answers
1) 5 2) 4 3) 3 4) 4 5) 4 6) 2 7) 3 8) 2 9) 1 10) 2 11) 2 12) 1 13) 3 14) 2 15) 3 16) 1 17) 4 18) 5 19) 2 20) 4 21) 2 22) 3 23) 4 24) 3 25) 2 26) 4 27) 5 28) 3 29) 4 30) 3 31) 5 32) 2 33) 3

IBPS GENERAL AWARENESS PRACTICE QUESTIONS

 

1. Which of the following teams won this season’s Indian Premier League (IPL) cricket cup?

a) Royal Challengers Bengalore          

b) Mumbai Indians

c) Kolkata Knight Riders        

d) Deccan Chargers    

e) Chennai Super Kings 

 

2. In the run-up to the free trade agreement between India and the European Union (EU), which of the following subjects has the EU taken up with the World Trade Organisation (WTO) pressing for its inclusion much to India’s discomfort?

a) Farm goods                         

b) Defence articles      

c) Intellectual Property Rights

d) Visa norms              

e) Industrial goods 

 

3. Which of the following cities has been declared as the costliest city in the world?

a) Kobe           

b) Paris            

c) Zurich          

d) Oslo                        

e) Tokyo 

 

4. What is the Minimum Support Price (MSP) per quintal fixed by the Centre for wheat for the season 2010-11?

 a) Rs. 1,000        

b) Rs.1,100        

c) Rs.1,200         

d) Rs.1,300         

e) Rs.1,250 

5.Who is to take over as non-executive chairman of India’s second larges IT company, Infosys, when the incumbent chairman NR Narayana Murthy retires in August this year?

 a) KV Kamath                        

b) Amit Mitra 

c) Renuka Ramnath    

d) Samidha Sharma

e) Vinita Bali 

 

6 In which of the following countries has Tata Motors launched its Nano cars, touted to be the cheapest car of the world, for the first time outside India?

 A) Sri Lanka   

B) Nepal          

C) Malaysia     

D) Indonesia

a) Only (B)                  

b) Only (A) Indonesia             

c) Only (C)

d) Only (A), (B) and (D)

e) None of these 

7. Which f the following business ownership structure companies has been given green signal by the stock market regulator, SEBI, to get membership of stock exchanges and make brokers?

a) Sole proprietorship companies        

b) Limited liability companies

c) Non-profit organizations                 

d) Cooperative companies

e) None of these 

8.Which of the following teams has won the Santosh Trophy football tournament?

a) Manipur       

b) Delhi           

c) Haryana       

d) West Bengal                      

e) Madhya Pradesh 

 

9.With which of the trading partners do Indian farm goods face market access problems on the grounds of arbitrary SPS (Sanitary and Phyto-Sanitary) standards and CCC (chemical residues)?

a) US               

b) ASEAN      

c) SAARC      

d) EU              

e) Japan 

 

10.Indian Railways is to construct the longest tunnel (11km long) on its network in the under-construction railway segments of

a) Indo-Burma rail project                  

b) West Coast Railways of India

c) Katra-Qazigund Pir Panjal Tunnel 

d) Arunachal railway project

e) Gangtok - Siliguri railway project 

 

11. There has been stalemate in the drafting committee of Lokpal Bill between the civil activists and political leader over the contents of he Bill. Which of the following are the major bones of contention between the two sides?

 I. Inclusion of the office of the Prime Minister under anti-corruption watchdog

II. Bringing higher judiciary under the purview of Lokpal

 III. Bringing the office of the Chief Ministers under Lokpal.

IV. In camera monitoring of the activities of MPs in Parliament.

a) Only I and II                       

b) Only IV      

c) Only I, II and IV    

d) All the above

e) None of these 

 

12. Which of the following teams has recently won the Champions Leagues final at Wembley in London?

 a) Manchester United             

b) Barcelona    

c) Real Madrid                        

d) AC Milan

e) Chelsea FC 

 

13.Which of the following countries has recently decided to phase out all it nuclear power plants by 2022?

  a) Japan           

b) Italy                        

c) Ukraine       

d) Germany     

e) Spain 

 

14.Who has been honoured with the prestigious Jawaharlal Nehru Award for International Understanding for 2009?

a) Angela Merkel                    

b) Hillary Clinton        

c) Aung San Suu Kyi

d) Lula da Silva                                  

e) Sheikh Hasina 

 

15.G-4 is an alliance of four countries for the purpose of supporting each other’s bid for permanent seat in the United Nations Security Council. Apart from India, which are the other three countries constitution G4?

a) Brazil, Germany and Japan                         

b) Brazil, South Africa and Japan

c) Mexico, Brazil and South Africa    

d) Japan, Brazil and Mexico

e) None of these 

 

16.In which of the following international universities has a chair been instituted in the memory of India’s pioneering development economist, Sanjay Lall?

a) Cambridge University         

b) Stanford University            

c) Oxford University

d) Moscow University                        

e) San Carlos University 

 

17.Name the new non-linked health insurance plan of the Life Insurance Corporation (LIC) of India which offers comprehensive hospitalization benefits for the whole family and parents-in-law of the principal insured?

a) Rishtey        

b) Jeevan Sathi            

c) Anmol Jeevan         

d) Health Plus

e) Jeevan Arogya 

 

18.Who has been nominated for the CK Naidu Lifetime Achievement award?

a) Lala Amarnath                    

b) Salim Durrani          

c) Syed Mushtaq Ali

d) KN Prabhu                                     

e) Syed Kirmani 

 

19. British - born Sierra Leonean novelist Aminatta Forma won the 2011 Commonwealth Writers’ Prize for which of the following novels?

a) The Devil that Danced on the Water                      

b) Ancestor Stones

c) The Memory of Love 

d) Ancestor  Love                                          

e) All for Love 

 

20. Which of the following rules has/have not been scrapped by the insurance regulator IRDA?

 a) Commission on the sale of ULIP

b) Profitability clause of three years for floating initial public offer (IPOs)

c) Traditional insurance plans have to make 50% investment in government bonds

d) Only a  and b                      

e) Only a and c

 

21.Small Industries Development Bank of India (SIDBI) has been operating under SWS. What is the full form of SWS?

a) Small Welfare Scheme                    

b) Single Window Scheme

c) Small Window Service                   

d) Single Window Service

e) None of these 

 

22.  Which of the following is the target fixed by the 11^th five-year plan pertaining to increase literacy, level by the 2012 The level should be increased to

a) 50%                         

b) 60%             

c) 70%             

d) 85%                        

e) 90%

 

23.‘Blue Revolution’ is related to

a) Space Research                   

b) Fisheries      

c) Drinking Water       

d) Poultry

e) Milk     

                               

24.Normally two types of factors are responsible for industrial sickness - external and internal. Which of the following is not an internal factor of industrial sickness?

a) Shortage of power              

b) Mismanagement      

c) Diversion of funds

d) Excessive overheads           

e) Overestimation of demand 

 

25.Which of the following is an employment - generating scheme?

a) Ganga Kalyan Yojana                                 

b) IRDA         

c) Swarnjayanti Shahri Rozgar Yojana                       

d) Mid-Day Meal Scheme

e) All of the above. 

 

26.Ethanol - mixed petrol is being sold in various states wef January 1, 2003. The percentage of ethanol in petrol is

a) 10%                         

b) 7%               

c) 6%               

d) 5.5%           

e) 5% 

 

27. Which of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India?

a) Services - Industry - Agriculture    

b) Services - Agriculture - Industry

c) Industry - Services - Agriculture    

d) Industry - Agriculture - Services

e) None of these 

 

28.Which of the following agencies recently laid down guidelines for foreign companies who wish to raise money from the Indian capital markets?

a) RBI                         

b) IRDA          

c) Registrar of companies       

d) SEBI

e) None of these 

 

29. Consider the following statements:

A) The repo rate is the rate at which other banks borrow money from the Reserve Bank of India.

B) A value of one for Gini co-efficient in a country implies that there is perfectly equal income for everyone in its population.

 C) Higher interest rates can make EMIs costly. Which of the statements given above is/are correct?

a) Only A        

b) Only A and C        

c) Only B and C          

d) All the above

e) None of these 

 

30. These days, more and more banks in Indian are setting up their ATMs and discouraging people to visit their branches for transaction. Which of the following is/are the limitations of the ATMs which force people to go to branch for transactions?

A) Lack of human interface                

B) Communication gap

C) Limited cash - dispensing ability  

a) Only A                    

b) Only B       

c) Only C        

d) Both A and B

e) A, B, and C All 

 

31.Which of the following countries has the largest stock of foreign exchange reserves in the world?

a) USA                        

b) China          

c) Japan           

d) India                       

e) None of these 

 

32.Which of the following taxes is exclusively and totally assigned to the state government by the Constitutions?

 a) Estate duty              

b) Sales Tax     

c) Taxes on Railway fares and freights

 d) Corporation tax      

e) Entertainment 

 

33. The tax on import and export is known as

a) Income tax 

b) Trade tax     

c) Customs duty          

d) Commercial tax

e) None of the above 

 

34.Which of the following is not an objective of fiscal policy of Indian government?

a) Full employment     

b) Price stability          

c) Regulation of inter-state trade

d) Equitable distribution of wealth and income         

e) None of these 

 

35. In India, national income is estimated by

a) Planning Commission         

b) Central Statistical Organisation

c) Indian Statistical Institute 

d) National Sample Survey Organisation

e) None of these 

 

36.Bharat Nirman Scheme of the UPA government does not include

a) Rural water supply project 

b) Irrigation  benefit programme        

c) Rural electrification                        

d) Sarva Shiksha Abhiyan      

e) None of these 

 

37. Invisible export means export of

a) Services                               

b) Prohibited goods    

c) Unrecorded goods

d) Goods through smuggling 

e) Illegal export through a third county 

 

38.A labour-intensive industry is one that

 a) requires hard manual labour                       

b) pays adequate wages to the labour

c) employs more hands                                   

d) provides facilities to labour

e) None of these 

 

39.In the law of demand, the statement ‘other things remain constant’ means.

 a) income of consumer should not change     

b) prices of other goods should not change   

c) taste of consumer should not change                      

d) All the above

e) None of these 

 

40.A firm is in equilibrium when its

a) Marginal cost equals the marginal revenue             

b) Total cost is minimum

c) Total revenue is maximum                         

d) Average revenue and marginal revenue are equal              

e) None of these 

 

41.Bhagyam oil fields which are being explored by Carins India, is located in

a) Assam         

b) Gujarat        

c) Rajasthan    

d) Karnataka  

e) None of the above

 

42.In which of the following regions of India has the Archaeological Survey of India (ASI) found evidences of hearths built by cutting natural mountains belonging to periods 3,000 to 4,000 years ago, for the first time?

a) Garo Hills, Meghalaya        

b) Mishmi Hills, Arunachal Pradesh

c) Western Ghats                    

d) Ladakh Valley                   

e) Satpura Range, Madhya Pradesh 

 

43.Which of the following famous tabloids of Britain recently ceased its operations after its 168year - long history of scoops and scandals?

a) The Sun       

b) Daily Mirror            

c) The Morning Star    

d) News of the World

 e) None of these

 

44.Which of the following mobile operators has launched its mobile newspaper, Newswrap, for its customers in Hyderabad?

a) Airtel           

b) Reliance      

c) Idea                        

d) Vodafone   

e) Aircel 

 

45.Which of the following countries has taken over the rotational presidency of the European Union (EU) on July 1, 2011?

a) Denmark                 

b) Britain         

c) Germany     

d) Poland

e) Netherlands 

 

46.Which of the following is the youngest country of the world that has joined the community of nations on July 9, 2011?

a) South Sudan           

b) Maldova      

c) Estonia        

d) East Timor

e) None of these 

 

47. Name the Indian woman athlete who has clinched gold medal in high jump in the Asian Athletic Championship in Kobe, Japan.

a) Shiny Wilson                       

b) Mayookha Johny    

c) Soma Biswas

d) Neelam Jaswant Singh       

e) None of these 

 

48.As on June 30, 2011, which of the following rates stipulated by the Reserve Bank of India (RBI) is the lowest?

a) Bank Rate               

b) Repo Rate               

c) Savings Bank Rate

d) Cash Reserve Ratio            

e) Statutory Liquidity Ratio

 

49.Consider the following statements about the contentious issues in the upcoming India-EU free trade agreement.

A) Intellectual property should be included in the investment chapter

B) Government procurement policy in agriculture should be kept out of the purview of the agreement.

C) Greater mutual market access for products such as automobiles, liquor, textile and liquor.

 Which of the above statements is/are true?

a) Only A        

b) Only A and B                    

c) Only A and C         

d) All the above

e) None of these 

 

50.Which of the following states has unveiled “Vision 2025” containing clear-cut policies for promoting investments in infrastructure such as power, ports, and ship building?

a) Andhra Pradesh                  

b) Tamil Nadu                        

c) Gujarat

 d) Karnataka                          

e) None of these 

 

ANSWERS:

1.e       2.c      3.e       4.b      5.a      6.d      7.b      8.d      9.b      10.c

11.c    12.b    13.d    14.a    15.a    16.c    17.e     18.d    19.c    20.d

21.d    22.d    23.b    24.a    25.c    26.e     27.a    28.d    29.d    30.c

31.b    32.b    33.c    34.c    35.b    36.d    37.a    38.c    39.d    40.a

41.c    42.d    43.d    44.d    45.d    46.a    47.b    48.c    49.d    50.b

FINANCIAL & BANKING AWARENESS MCQs

1) At present number of public sector banks inIndia:
a) 26    
b) 27   
c) 28    
d) 29      
e) None of these

2) At present number of private sector banks inIndia:
a) 21     
b) 22  
c) 23   
d) 24       
e) None of these

3) Nationalisation of 14 major banks in…………………..
a) 1949             
b) 1955             
c) 1959              
d) 1969                
  e) None of these

4) Nationalisation of six banks in…………………………..
a) ) 1949            
b) 1955             
c) 1959              
d) 1969               
e) 1980

5)The largest commercial bank inIndia:
a) SBI      
b) ICICI Bank    
c) PNB     
d) HDFC Bank     
e) None of these

6) The Second largest public sector commercial bank inIndia:
a) Punjab National Bank    
b) Bank of Baroda    
c) Bank of India    
d) IDBI Bank    
e) Corporation Bank

7) The Largest private sector commercial bank inIndia:
a) AXIS Bank   
b) HDFC Bank      
c) ICICI Bank     
d) Federal Bank     
e) None of these

 8) The second largest private sector commercial bank inIndia:
a) IDBI Bank    
b) AXIS Bank   
c) HDFC Bank   
d) ICICI Bank    
e) None of these

9) The first Indian bank to open a branch outsideIndiainLondonin 1946:
a) State Bank of India     
b) Punjab National Bank     
c) Bank of Baroda    
d) Canara Bank    
e) Bank of India

10) Latest Public Sector Bank inIndia:
a) SBI             
b) ICICI Bank   
c) HDFC Bank    
d) IDBI Bank    
e) None of these

11) Latest Private Sector Bank inIndia:
a) Federal Bank  
b) South Indian Bank  
c) YES Bank   
d) Kotak Mahindra Bank     
e) None of these

12) The Largest foreign bank operating inIndia:
a) Citi Bank     
b) HSBC        
c) Barclays Bank      
d) ABN Amro Bank  
e) Standard Chartered Bank

13) Which bank is the largest issuer of credit cards inIndia?
a) SBI           
b) ICICI Bank         
c) HDFC Bank     
d) IDBI Bank    
e) None of these

14) Who is the current MD & CEO of ICICI Bank?
a) Shyamala Gopinath   
b) Shikha Sharma    
c) Chanda Kochhar  
d) Renu Challu   
e) Sushma Nath

15) The Chairman of Indian Banks Association(IBA) (For 2011-12):
a) M.D.Mallya   
b) Pratip Chaudhuri     
c) D.Subbarao     
d) Subir Gokarn      
e) U.K.Sinha

16) The largest bank inChina:
a) Industrial and Commercial Bank of China Ltd. (ICBC)   
b) Hongkong and Shanghai Banking Corporation(HSBC)
c) Deutsche Bank AG          
d) BNP Paribas        
e) DBS Bank

17) Bad loans in banking terminology are generally known as…………………
a) CBS    
b) PLR    
c) NPAs   
d) CRR        
e) None of these

18) In Financial Term NPA, P stands for………..
 a) Potential        
b) Peforming   
c) Prodiction     
d) Professional        
e) None of these

19) Which of the following pairings is wrong? (Bank & Country)
a) Citi Bank :  USA                 
b) ABN AMRO Bank : TheNetherlands                         
c) BNP Paribas :Russia
d) Hongkong and Shanghai Banking Corporation(HSBC) :United Kingdom     
e) Deutsche Bank AG :Germany

20) Which of the following pairings is wrong? (Bank & Country)
a) Barclays Bank : United Kingdom                    
b) J P Morgan Chase Bank :USA      
c) Societe Generale :France
d) Standard Chartered Bank :South Africa        
e) Sonali Bank :Bangladesh

21) The New Capital Adequacy Framework prescribed for the banks is commonly  known as ………….
a)KYC norms       
b)Credit Policy  
c)Basel Accord  
d)Fiscal Policy       
e) None of these

22) The central bank of theUnited States:
a) Citi Group  
b) Bank ofAmerica    
c) JP Morgan Chase   
d) Federal Reserve
e) Bank for International Settlements

23) Which of the following pairings is wrong? (Bank & Tagline)
a) State Bank ofIndia: With you all the way
b) Punjab National Bank : The name you can BANK upon!
c) Bank ofBaroda:India’s International Bank
d) Oriental Bank of Commerce : Where every individual committed
e) Bank of India : The World’s local bank

24) Axis Bank previously called as……….
a) IDBI Bank      
b) HDFC Bank      
c) YES Bank      
d) ICICI Bank   
e) UTI Bank

25) Which of the following is not a commercial bank?
a) IDBI Bank    
b) HDFC Bank       
c) ICICI Bank       
d) EXIM Bank  
e) AXIS Bank

26) Which of the following pairings is wrong?(Bank/Financial Institution & Establishment Year)
a) RBI : April 1, 1935
b) SBI : July 1, 1955 
c) NABARD : July 12, 1982 
d) NHB : July 9, 1988  
e) SIDBI : April 1, 1990

27) The largest bank inPakistan:
a) State Bank of Pakistan      
b) Habib Bank Limited       
c) Sonali Bank     
d) DBS Bank    
e) None of these

28) Consider the following  sentences:
A. Non Performing Asset (NPA) is an asset, including a leased asset, becomes non performing when it ceases to generate income for the bank.
B. Core banking is a general term used to describe the services provided by a group of networked bank
branches. The platform where communication technology and information technology are merged to suit
core needs of banking is known as Core Banking Solutions.
C. Banking Ombudsman is an independent dispute resolution authority provided by RBI to deal with disputes
that bank customers have with their respective banks.
D. Base Rate is the minimum rate of interest that a bank is allowed to charge from its customers. Unless
mandated by the government, RBI rule stipulates that no bank can offer loans at a rate lower than  base
Rate to any of its customers.
E. NBFC or Non Banking Financial Companies is a company inIndia, which is registered under the
Companies Act, 1956, and which provides banking  services without meeting the legal definition of a bank.
Which of the statements given above is/are correct?
a) Only A & B    
b) Only B & C    
c) Only C & D     
d) Only D & E     
e) All are correct

29) Which of the following is the Apex level institution  for housing?
a) EXIM Bank 
b) NABARD 
c) NHB  
d) SIDBI  
e) None of these

30) Which of the following is not a nationalized bank?
a) PNB               
b) Indian Bank     
c) Bank of India      
d) Karnataka Bank    
e) Canara Bank

31) Which of the following banks was merged with ICICI Bank in 2010?
a) Bank of Rajasthan     
b) Bank of Maharashtra   
c) Karnataka Bank    
d) State Bank ofIndore
e) Global Trust Bank

32) Which of the following banks was merged with SBI in 2010?
a) State Bank of Travancore    
b) State Bank of Mysore  
c) State Bank of Indore   
d) State Bank of Saurashtra
e) State Bank of Hyderabad

ANSWERS

1) a         2) b          3) d          4) e          5)a        6)a          7) c         8) c        9) e        10) d
11) c        12) e       13) b         14) c        15) a     16) a       17) c      18) b     19) c        20) d
21) c       22) d        23) e         24) e       25) d     26) e        27) b     28) e     29) c         30) d
31) a       32)c

BANKING AWARENESS QUESTIONS

1. Which of the following organization provides credit history of the borrowers?
(A) CIBIL
(B) SEBI
(C) RBI
(D) CRISIL
(E) IBA
Ans: (D)


2. Which of the following terms is not used in Economics?
(A) Balance of Payment
(B) Call Money
(C) National Debt
(D) Elasticity of Demand
(E) Cardiac Index
Ans: (E)


3. What is the full form formog the term SHGs used in financial news-papers ?
(A) Small Help Groups
(B) Self Help Groups
(C) Small Hope in Growth
(D) Self Hope Groups
(E) Small Help for Growth
Ans: (B)


4. Which of the following nations is considered the originator of the concept of Micro Finance?
(A) Bangladesh
(B) India
(C) South Africa
(D) Greece
(E)Brazil
Ans: (A)


5. Which of the following carries out ‘Open Market Operations'?
(A) Stock Exchanges in India
(B) Indian Banks' Association
(C) Securities and Exchange Board of India
(D) Planning Commission
(E) Reserve Bank of India

Ans: (C)

6. The price at which the Govt. Purchases food grain for maintaining the public distribution system is known as:
(A) Ceiling prices
(B) Procurement price
(C) Minimum Price
(D) Issue Price
(E) Distribution price


Ans: (B)

7. Union Government on 26 September 2011 announced the reconstitution of the National Manufacturing Competitiveness Council (NMCC) under whose chairmanship to energise and sustain the growth of manufacturing industries and help in the implementation of strategies by the government?
(A) V. Krishnamurthy
(B) Pranab Mukherjee
(C) U K Sinha
(D) Dr D Subbarao
(E) Narayan Murthy
Ans: A


8. Government panel headed by Planning Commission member Arun Maira in its report presented on 27 September 2011 suggested giving more powers to which of the following bodies with respect to mergers and acquisitions in the pharmaceutical sector?
(A) Competition Commission of India
(B) Finance Ministry
(C) Reserve Bank of India
(D) Federation of Indian Chambers of Commerce and Industry
(E) Ministry of Health
Ans: (A)

9.  Coal Ministry on 21 September 2011 during the Round table conference on Coal approved, in principle, the allotment of five coal blocks to which of the following PSU power generators?
(A)  BHEL
(B)  NTPC
(C)  Power Grid Corporation of India
(D)  Gujarat State Energy Generation
(E)  ONGC

Ans: (B)

10. The Cabinet Committee on Economic Affairs on 30 August 2011 approved disinvestment of 5 per cent of its stake in which of the following Central Public Service Enterprises (CPSE)?
(A) NTPC
(B) HPCL
(C) BHEL
(D) SAIL
(E) ONGC
Ans: (C)

IBPS CLERKS BANKING AWARENESS PRACTICE MCQs

1. The largest bank in India is ..........?
1) ICICI bank
2) Syndicate Bank
3) Union bank of India
4) Bank of India
5) State Bank of India

2. State bank of India head office is in ..........?
1) New Delhi
2) Kolkata
3) Chennai
4) Mumbai
5) Hyderabad

3. Mumbai has the head offices of many Financial Institutes. Which of the following bank/ institute/ PSU do not have the head office in Mumbai?
1) SEBI
2) RBI
3) Bank of Baroda
4) Bank of India
5) IDBI

4. Bank of Baroda, Andhra Bank and L&G(U.K) established 'M/S India Invest'. M/S India Invest is a ..........?
1) Real Estate Company
2) Insurance Company
3) Foreign Exchange Office
4) Stock Exchange
5) Savings Plan

5. Insurance Company 'Met Life' has headquarters in ..........?
1) Canada
2) Japan
3) England
4) U.S.A
5) Australia

6. Australia based IAG (Insurance Australia Group) and .......... had tie up to do General Insurance business?
1) SBI
2) LIC
3) UTI
4) Reliance Industries
5) Rcom

7. SBI is the largest public sector bank. Which is the second largest public sector bank crossed having of 5,000 branches?
1) Bank of India
2) Bank of Baroda
3) ICICI 4) Punjab National Bank
5) Union Bank of India

8. Punjab National Bank and .......... had tie up together to have Core Banking Solutions (CBS) linking of its Regional Rural Banks (RRB)?
1) NABARD
2) SBI
3) IDBI
4) UTI
5) SBI DHFI

9. NABARD ( National Bank for Agriculture and Rural Development) established JLG to extract the productive capability from rural population?
1) Junior Link Group
2) Join Life Group
3) Joint Line Gauge
4) Joint Liability Group
5) None

10. Joint Liability Groups replicate the ..........?
1) Sole Help Group
2) Sole Help Grain
3) Stone Help Group
4) Second Help Group
5) Self Help Group

11. Self Help Groups will be provided with 7 % rate of interest on par with .......... as decided by central government recently?
1) Vehicle Loan
2) Business Loan
3) Home Loan
4) Agriculture Loan
5) All of above

12. Agriculture Loans are called Regulated Loans. Which Deposit is Regulated Deposit other than NRI account?
1) Savings Account
2) Fixed Deposit
3) Current Account
4) Recurring Account
5) Joint Account

13. Savings Deposits cannot be opened/operated by ..........?
1) Public Sector Banks
2) Co-operative Banks
3) Foreign Banks
4) Non-Banking Finance Companies
5) Private Sector Banks

14. Non-Banking Companies list given. Pick up wrong one?
1) Sri Ram Finance
2) Mutthoot Finance
3) Manappuram Finance
4) ICICI Bank
5) Margadarsi Finance

15. ICICI is the ..........private bank in India?
1) Second largest
2) Third largest
3) Sixth largest
4) Largest
5) Tenth largest

16. Largest borrower in India is ..........?
1) Reserve Bank of India
2) Government of India
3) State bank of India
4) Uttar Pradesh
5) None

17. Government of India declares Minimum Support Price (MSP) for many goods/products every year. Which of the following commodities do not cover MSP in principle?
1) Paddy
2) Bank Products
3) Wheat
4) Gram
5) Millets

18. Bank products do not cover ..........?
1) Deposit
2) Judicial Stamps
3) Loans
4) Credit Cards
5) All of above

19. Judicial Stamps and Postal Stamps are printed in Indian Security press Nasik. Nasik is in ..........?
1) Andhra Pradesh
2) West Bengal
3) Odisha
4) Tamilnadu
5) Maharastra

20. Maharastra based bank, Bank of Maharastra celebrated .......... celebrations in 2010. Its head office is in Pune?
1) Silver
2) Gold
3) Platinum
4) Centenary
5) Diamond

21. Platinum Celebrations of .......... celebrated On that eve, One rupee coin minted?
1) Reserve Bank of India
2) State Bank of India
3) Central Bank of India
4) Securities and Exchange Board of India (SEBI)
5) None

22. Reserve Bank of India established Credit Guarantee Corporation of India ( CGCI) in 1971 to encourage more flow of banks credit to ..........?
1) Big industries 2) Self Help Groups
3) Small business firms
4) Co-operative banks
5) Software industries

23. Small business and poor families approach ..........to take small amounts of loans?
1) Foreign banks
2) Public Sector banks
3) Private Sector banks
4) Micro-Finance Companies
5) Rating Agencies

24. Micro-Finance companies Bill passed by ..........to control nuisance of micro-finance
companies?
1) Karnataka
2) Maharastra
3) Andhra Pradesh
4) West Bengal
5) Odisha

25. Andhra Pradesh head office bank is ..........?
1) State bank of Hyderabad
2) Syndicate bank
3) Union bank of India
4) HDFC
5) United Bank of India

26. The term not related to banking is ..........?
1) Crossing
2) NPA
3) Priority Sector Lending
4) On Line banking
5) Call option

27. Term not related to Stock Market is ..........?
1) DEMAT
2) Bad Delivery
3) Badala
4) Bid and Offer
5) Basel

28. Term not related to Economics?
1) Diminishing Marginal Utility
2) Demand and Supply
3) National Income
4) Consumer Surplus
5) Law of Motion

29. Which term not related to Banking Technology?
1) NEFT
2) RTGS
3) BOUNCE
4) SWIFT
5) ATM

30. Which is not a currency of any country in the world?
1) Dolla
2) Lira
3) Brussels
4) Pound
5) Yuan

31. Which is not a subsidiary/Associate/agency of any bank in India?
1) SBH
2) ICICI Lombard
3) NABARD
4) SBI Life
5) All of above

32. 113th Constitutional amendment related to ..........?
1) Change the state name of Orissa to Odisha
2) Right to Education
3) Voter's eligibility age reduced from 21 years to 18 years
4) Establishment of GST council
5) Making Election commission as multiple body

33. Coal India recently got the status of ..........?
1) Navarathna
2) Mini-Ratna
3) Maharatna
4) Veerratna
5) None

34. As per the 2011 census, the lowest population state is ..........?
1) Sikkim
2) Goa
3) Manipur
4) Meghalaya
5) Assom

35. First time Lokpal Bill introduced in parliament in ..........?
1)1968
2)1971
3)1951
4) 2001
5) 2011

36. New war ship 'Trikhand' introduced in Indian Navy. It is manufactured and imported from ..........?
1) USA
2) France
3) Australia
4) Russia
5) Japan

37. 'Scotia Prince' is the boat run between ..........after 30 years?
1) India and China
2) India and Australia
3) India and Myanmar
4) India and Sri Lanka
5) India and Russia

38. Expand PURA?
1) Urban Areas in Rural Areas
2) Universal Amenities in Rural Areas
3) Urban Amenities in Roll Areas
4) Urban Areians in Rural Areas
5) Urban Amenities in Rural Areas

39. Co-ordinated Boarder Management plan is the agreement between India and..........?
1) Pakistan
2) Bhutan
3) Bangladesh
4) Nepal
5) Sri Lanka

40. Which city celebrated 372 years entry on 22nd August 2011?
1) Hyderabad
2) Mumbai
3) Chennai
4) Bengaluru
5) Mumbai

41. West Bengal name changed to ..........?
1) Purva Banga
2) Uttama Banga
3) Pachima Banga
4) Eleve Banga
5) Tagore Banga

42. 99th Science congress summit will be held in ..........?
1) Tamilnadu
2) Delhi
3) Rajasthan
4) Odisha
5) Goa

43. In BRICS summit, 'S' stands for..........?
1) Somalia
2) South Korea
3) Sri Lanka
4) South Africa
5) Swaziland

44. 2012 Pravasa Bharatiya Summit venue is ..........?
1) Jodhpur
2) Jaipur
3) Lucknow
4) Chennai
5) Bellary

45. Which IPS officer crossed palk strait on 25 march 2011?
1) Aruna Bahuguna
2) Rajiv Verma
3) Rajiv Trivedi
4) Madam Straint
4) None of above

46. .......... was appointed as chief of Change Management Team by UNO?
1) Anitha Kapur
2) Jeevan Reddy
3) Atul Khare
4) Y.V.Reddy
5) H S Puri

47. Coasta First Naval Award 2010 got by ..........?
1) Red Cross Society
2) Asha Bhonsle
3) Kiswar Desai
4) Manoj Pandey
5) Diwakar Prem

ANSWERS:

1)5 2)4 3)3 4)2 5)4 6)1 7)4 8)1 9)4 10)5 11)4 12)1 13)4 14)4 15)4 16)2
17)2 18)2 19)5 20)3 21)1 22)3 23)4 24)3 25)1 26)5 27)5 28)5 29)3 30)3 31)3 32)1
33)3 34)1 35)1 36)4 37)4 38)5 39)3 40)3 41)3 42)4 43)4 44)2 45)3 46)3 47)3.

IBPS CLERKS GENERAL AWARENESS PRACTICE MCQs

1. Which card can not be used in bank ATM?
1) Credit card
2) Debit card
3) Aadhar Card
4) Pre-paid card
5) None

2. We use PIN number in the transactions of bank ATM. PIN means ........?
1) Personal Identification numeral
2) Personal Identity number
3) Personal Identification number
4) Preferential Identification number
5) Personal Indian number

3. Banks do not issue.........?
1) Cheque book
2) Birth certificate
3) Demand Draft
4) Letter of Credit
5) Withdrawal Form

4. The debit card can be used in........?
1) in the same bank ATM
2) in the other bank ATM
3) Point of Sales Terminals ( POS)
4) All of above
5) None of Above

5. RBI can not supervise.........?
1) Micro Finance Companies
2) Non-Banking Finance Companies
3) NGO
4) Non-Scheduled banks
5) Scheduled banks

6. The Indian Banks Association is a ........
1) Constitutional body
2) Non-Constitutional body
3) Statutory body
4) Government body
5) Association of banks

7. Swabhiman is the scheme of ........?
1) Children
2) Rural area development
3) SEBI
4) Ministry of Finance and Indian Banks Association
5) World bank

8. Recently, Rs. 75 coin issued in the memory of ........celebrations of RBI?
1) Golden
2) Silver
3) Platinum
4) Diamond
5) Centenary

9. Indian Banks need not follow........?
1) Banking Regulation Act,1949
2) RBI Act 1934
3) Negotiable Instruments Act,1881
4) MGNREGA,2006
5) FEMA 1999

10. Which merger is wrong?
1) ICICI limited merger with ICICI Bank Limited -2002
2) Times bank with HDFC bank-1999
3) State bank of Hyderabad with State bank of India-2010
4) State bank of Indore with State bank of India-2010
5) New bank of India with Punjab National Bank-1993

11. The promoter of Clearing Corporation of India (CCIL)........?
1) IDBI
2) State bank of India and ICICI
3) LIC
4) HDFC and Bank of Baroda
5) All of above

12. Expand SFFSS?
1) Special Fund Facility Security Scheme
2) Special Fund Facsimile Security Settlement
3) Special Fund Facility Scrutiny Settlement
4) Special Front Facility Security Settlement
5) Special Fund Facility Security Settlement

13. Escheat mean........?
1) The person arrested on the charges of cheating and corruption
2) Estate taken by more than 2 persons to share in the future.
3) The british law which says the person cheated must make the correct of the transaction done
4) Bank agreement with another bank to get the funds for 14 to 90 days .
5) Property is transferred to the government because a person has died without heirs.

14. In 1964, ECGC established. Expand ECGC, which is under the administrative control of government of India?
1) Export Credit and Guarantee Company
2) Export Control and Guarantee Corporation
3) Export Credit and Guarantor Corporation
4) Export Credit and Guarantee Corporation
5) None of Above

15. Lead bank scheme of RBI was set up on the recommendation of ........?
1) Soma Sundaram Committee
2) Gadgil study group
3) Lodha group
4) Seturaman Committee
5) C.Rangarajan committee

16. Select the wrong option in the following statements relating to Co-operative Banks?
1) Co-operative bank is registered under the Co-operative societies law in which state it is founded
2) Banking Regulation Act 1949 partially applicable so that RBI has partial control
3) Few Co-operative banks usually follow federal structure
4) Co-operative banks can open foreign branches with out the permission of RBI
5) State Co-operative banks can seek re finance facility from RBI

17. Locate the wrong combination?
1) Rajmannar Committee-Cheque bounce an offense
2) Nadakarni Committee-Trading in Private Banks
3) Goparia Committee-Bank Frauds
4) Vyas Committee-Rural Credit
5) Usha Thorat Committee-Financial Inclusion

18. On 18 August 2011, Asian Development Bank granted $ 200 million to .......to boost the power distribution in the state?
1) Bihar
2) Andhra Pradesh
3) Odisha
4) West Bengal
5) Madhya Pradesh

19. Asian Development bank is in Manila. Manila is the capital of.......?
1) Philippines
2) Japan
3) Hongkong
4) Vietnam
5) Laos

20. Highest producer of milk in the world is.......?
1) Canada
2) USA
3) India
4) UK
5) France

21. Devaluation means........?
1) deliberate upward adjustment to a country's official exchange rate relative to other currencies
2) deliberate downward adjustment of prices to market prices
3) downward the exports value to import value of the goods exchanged for the goods
4) deliberate downward adjustment to a country's official exchange rate relative to other currencies
5) None of Above

22. Payroll tax means.......?
1) Tax collected on employers' wage bills
2) Tax paid to government by class-IV employees
3) Tax paid and received on the rotation basis
4) No Tax collected from employees
5) All of above

23. .......is a surface to surface missile manufactured by India?
1) Hatf
2) Bulava
3) KN-06
4) Prahar
5) Trinity

24. Lok pal bill deals with........?
1) Reservation of women in Local Bodies
2) Corruption
3) Beedi workers
4) Domestic workers
5) Non-Resident Indians

25. Union Cabinet approved to grant Rs.1200 crore scholarship plan to........?
1) Jammu and Kashmir
2) Uttar Pradesh
3) Madhya Pradesh
4) Assom
5) Odisha

26. New Chief minister of Uttarakhand is.......?
1) Nitish Kumar
2) Mayawathi
3) Ramesh Pokhriyal
4) B.C. Khanduri
5) None

27. South Sudan is in ......?
1) Asia
2) Europe
3) North America
4) Africa
5) Australia

28 G-SAT -12 is a .......?
1) Rocket
2) Satellite
3) Space Shuttle
4) Missile
5) Aircraft

29. From 10 November 2011, the SAARC summit to be held in Male (capital of Maldives). Select one nation not a member of this International summit?
1) Myanmar
2) Bangladesh
3) India
4) Sri Lanka
5)Pakistan

30. Housing scheme is........?
1) MGNREGS
2) JSSY
3) RAY
4) ANNAPURNA
5) LAF

31. National Drinking Water Mission named after.......?
1) Indira Gandhi
2) Mahatma Gandhi
3) Jawahar Lal Nehru
4) Rajiv Gandhi
5) Vajpayee

32. Pick up a filed in which Ramon Magsaysay award is not given?
1) Sports
2) Emergent Leadership
3) Government Service
4) Peace and International Understanding
5) journalism

33. 12th Five year plan period is.......?
1) 2012-2017
2) 2010-2015
3) 2009-2014
4) 2012-2018
5) 2011-2016

34. Five year plans finally approved by.......?
1) National Development Council
2) Planning Commission
3) National knowledge Commission
4) Ministry of Finance
5) Finance Secretary

35. Father of Indian Green Revolution is.......?
1) M.S.Swaminathan
2) Harish Handey
3) J.M.Keynes
4) Amartya Sen
5) Indira Gandhi

36. As part of Look East policy, Prathibha Patil, the president of India recently visited.......?
1) South korea
2) North Korea
3) Vietnam
4) Malaysia
5) Hongkong

37. India's national aquatic animal is.......?
1) Fish
2) Prawn
3) Whale
4) Dolphin
5) Shrimp

38. National Children day is........?
1) 14 January
2) 14 December
3) 14 October
4) 14 November
5) 14 August

39. 80th anniversary completed by.......?
1) Central Bank of India
2) Planning Commission
3) Rastrapathi Bhavan
4) Income Tax Department
5) Reserve Bank of India

40. Indian stock markets run under the control of..............?
1) RBI
2) TRAI
3) SBI
4) SEBI
5) NABARD

41. Standard & Poor is a .......?
1) Bank
2) Non-banking finance company
3) Stock market index
4) Credit Rating Agency
5) RBI advisory body

42. MARPOL is the International Convention .......?
1) to prevent the amalgamation of money laundering agencies
2) to control pollution from motor vehicles
3) to prevent the pollution from Ships
4) to stop the usage of pesticides
5) to encourage the people not to buy plastic

43. Fazilka and Pathankot are the new two districts of.......?
1) Punjab
2) Andhra Pradesh
3) Rajasthan
4) Odisha
5) Jammu & Kashmir

44. Union Government declared price stabilization fund for.......?
1) Tobacco, Coffee, Tea and Rubber
2) Coffee, Tea, Rice and Sugar
3) Wheat, Computers, Chemicals and Tea
4) Coffee, Rice, Wheat and Crude
5) Petrol, Gas and Rice

45. ........not written by Sarojini Naidu?
1) The Golden Threshold
2) The Feather of the Dawn
3) Muhammad Jinnah
4) Swamy and his friends
5) The Bird of Time: Songs of Life, Death & the spring

46. .......is a player/ umpire/ coach not belong to Cricket?
1) Duncan Fletcher
2) Clyde Duncan
3) Gautam Gambhir
4) Lionel Andres Messi
5) Mansur Ali Khan Pataudi

47. Olympic games 2012 will be held in.......?
1) Mexico
2) Argentina
3) Brazil
4) India
5) England

ANSWERS:

1)3 2)3 3)2 4)4 5)3 6)5 7)4 8)3 9)4 10)3 11)5 12)5 13)5 14)4 15)2
16)4 17)2 18)5 19)1 20)3 21)4 22)1 23)4 24)2 25)1 26)4 27)4 28)2 29)1
30)3 31)4 32)1 33)1 34)1 35)1 36)1 37)4 38)4 39)3 40)4 41)4 42)3 43)1
44)1 45)4 46)4 47)5

IBPS CLERKS BANKING AWARENESS MCQs

1. Which of the following statements is true?
a) The licence to open branches of bank is granted by Board of Directors of that Bank
b) There is no need of licenses to open branch of a bank
c) A licence to open a branch is issued by the Central Government
d) A licence to open a branch is issued by the Reserve Bank of India under the provisions of Banking Regulation Act, 1949

2. The important condition for granting licence of banking companies is?
a) Banking company need not plan to pay for future depositors
b) Banking company can plan for its capital structure once the licence is granted
c) The business undertaken by the banking company should not frustrate the interest of public
d) The banking company can undertake business other than banking with the permission of annual general body

3. Who of the following is not a party to the IPO?
a) Registrar of Issue
b) Investment Banker
c) Advertisement Agency
d) Registrar of Companies

4. Which of the following is not shown as an asset in the balance sheet of a Bank?
a) Investments
b) Advances
c) Cash Balances with other banks
d) Borrowings

5. The credit policy of a bank does not consists of?
a) Lending policies
b) Quality control
c) Loan product mix
d) Advertising of loan products

6. Which of the following is a function of the agent bank relating to flow of money in the process of loan syndication?
a) Receiving notices relating to cancellation of any part of the loan
b) Calling of loans in the event of default
c) Receiving the fee from the borrower and distributing among the participating banks
d) Receiving notices relating to transfers of banks

7. Which of the following is the parameter to recognize the SSI unit as sick unit?
a) The erosion in the net-worth due to accumulated losses is up to 25% of its net worth during the previous account year
b) The erosion in the net-worth due to accumulated losses is up to 50% of its net worth during the previous account year.
c) The unit should have been in commercial production for at least five years
d) Lack of updations in technological development

8. Which of the following is not the service provided by the Small Industries Service Institute?
a) Providing entrepreneurship development programs
b) Developmental efforts
c) Export promotion and liaison activities
d) Financial support

9. Service Area Approach (SAA) is associated with?
a) Rural and Semi-urban branches of commercial banks
b) Urban branches of commercial banks
c) Branches of commercial banks situated in metro cities
d) Development banks

10. Which of the following cannot be securitized?
a) Future rentals of a fishing boat
b) Hire purchase receivables
c) Demand drafts received by the banker during clearing
d) Future billings for an airline

11. Which of the following statements is true?
a) The special purpose vehicle (SPV) purchases the assets from the borrower directly during the securitization
b) The originator and obligor are the same persons in securitization process
c) Administrator collects the payments due from the obligor and passes it to the SPV and follows with defaulters
d) Mortgage based securitization provides high yields to the investor

12. The important feature of an anticipatory letter of credit is that?
a) The letter of credit can be used as back- to- back letters of credit
b) The beneficiary under the letter of credit may receive payment even at the pre-shipment stage
c) The beneficiary under the letter of credit may receive payment even at the post-shipment stage
d) The cash advance is not permitted against such letter of credits

13. The Shipping guarantee is a?
a) Type of a letter of credit
b) Guarantee issued by the ship captain to the purchaser
c) Guarantee issued to the borrower towards the loan granted by the shipping company
d) Deferred payment guarantee issued by a banker at the request of the consignee when the documents are not received and goods are received, for facilitating the delivery of goods.

14. Which of the following statements is true?
a) The charge card is a credit instrument
b) Under this facility the cardholders need to pay amount within ten installments
c) Cardholder has to pay the 100% of the purchase amount within 30 days of purchase
d) The charge card shall have revolving credit

15. Which of the following is not augmented feature of a credit card?
a) Personal accident insurance
b) Cash withdrawals
c) Add-on facility
d) Issue of deferred guarantee

16. Which of the following is the disadvantage of going for public issue?
a) Liquidity to existing shares
b) Increase in visibility and reputation to the company
c) Better pricing and placement with new investors
d) Need to make continuous disclosures

17. Which of the following is not a criterion to select the Investment Bankers?
a) No professional memberships or incorporations are required
b) General reputation in the market
c) Good rapport with market intermediaries
d) Distribution net work of the organization

18. Which of the following is not an asset of a bank?
a) Notes and small coins
b) Overdue recurring deposits
c) Short term loans
d) Staff advances

19. The banking company has restriction to sanction loan to?
a) Directors of the bank
b) Staff working in the bank
c) Students going abroad
d) Professionals

20. Which of the following is a non-depository institution?
a) Credit unions
b) Commercial banks
c) Mutual funds
d) Regional rural banks

21. The disadvantage associated with leasing company is?
a) Low costs
b) Flexibility in payments
c) Eliminates the risk of obsolescence
d) High competitions because of entry to all financial institutions

22. Which of the following theory is associated with the financial system in the economic growth?
a) Retributive theory
b) Reformative theory
c) Financial repression theory
d) Jurisdictional theory

23.Which of the following is not a financial intermediary in the financial markets?
a) Pension funds
b) Credit unions
c) Life insurance companies
d) Small scale service institute.

24 Which of the following is not a function of a commercial bank?
a) Registration of charges and mortgages
b) Transactions services
c) Asset transaction
d) Real-time Gross Settlement

25. Which of the following is one of the three pillars of new Basel Capital Award?
a) Market competitions
b) Market rapport
c) Market discipline
d) International market relations

26. The interest in savings bank accounts of a bank is calculated on?
a) Minimum amount of balance that is maintained in the account in between 10th and the last day of month
b) Maximum amount of balance that is maintained in the account in between 10th and the last of month
c) Minimum amount of balance that is maintained in the account in between 1st and the last day of month
d) Maximum amount of balance that is maintained in the account in between 1st and the last of month

27. The credit policy of a bank does not deal with?
a) Credit risk management
b) Documentation standards
c) Review and renewal of advances
d) Outstanding balances in deposit accounts

28. Issuing credit cards is a component of ?
a) Corporate banking
b) Rural banking
c) Retail banking
d) Micro finance

29. The origin of bank instruments can be traced to?
a) The priests and worship places of public deposits
b) Goldsmith receipts
c) Bonds issued by the British Government in India
d) Bank notes issued by Bank of Venice

30. Which of the following is not the function of commercial banks?
a) Providing transaction services
b) Intermediation in financial services
c) Providing transformation services
d) Regulating the issue of bank notes.

31 Which of the following is the most important challenge before the commercial bank?
a) Maintenance of foreign currency
b) Evaluating the need of the customers
c) Maintenance of SLR and CRR
d) Meet the technological revolution

32. The asset's side of balance sheet consists of ?
a) Cash balances with other banks
b) Fixed deposits of customers
c) Savings deposits
d) Recurring deposits

33. Which of the following is an income for a bank?
a) Depreciation on bank's property
b) Interest on inter bank borrowings
c) Profit on revaluation of investments
d) Provisions made on account of write-offs

34. Saving Bank Account can be opened in the name of ?
a) State text book printing corporations
b) District level housing cooperative societies
c) Communist Party of India
d) Aravind Samuel, Anurag Deepak and Amarish Sugandhi Jointly

35. The interest on recurring deposit is paid on the basis of ?
a) Simple interest calculated monthly basis
b) Simple interest on monthly products basis
c) Quarterly compounding
d) Interest calculated on daily products basis

36. Which of the following statements is true?
i. Term deposits are non-transaction deposits
ii. Cheques can be issued on short-term deposits
iii. All term deposits are interest bearing deposits
a) (i) only
b) (ii) only
c) (iii) only
d) (i) and (iii)

37. The credit policy laid down by the top management of a bank does not deal with?
a) Credit risk management
b) Pricing of the credit products
c) Appraisal of time and demand deposits
d) Documentation standards.

38. Which of the following factors is not required to be considered to analyze the repayment capacity of a borrower?
a) Working capital management
b) Personal educational qualifications
c) Financial leverage
d) Interest rate risk management

39. Which of the following is a facilitating service of core loan products of retail banking services?
a) Current or savings accounts
b) Legal services for documentation
c) Delivery of loan at promised time period
d) Flexibility in prepayment of loan

40. Which of the following is an most important advantage of retail banking on the resource side?
a) Consumer loans are low risk products
b) Innovative product development and disbursal
c) Increases the subsidiary business of a bank
d) Requires less efforts to market retail loan products

41. Lenders may not provide trade-offs to the borrowers on the basic term of consumer installment credit relating to?
a) Interest rate
b) Maturity of the loan
c) Maturity of the deposit
d) Quantum of finance

42. Which of the following is the risk associated with the retail banking?
a) Strong recovery strategy
b) Definite lending limits
c) Effective credit process and proposals
d) Inadequate risk pricing

43 The advantage of consortium finance is?
i. Speedy transactions and individual approach
ii. Involvement of huge amounts
iii. Use of expertise of all the banks
a) (i) only
b) (ii) only
c) (iii) only
d) (i), (ii) and (iii)

44 Which of the following is not a function of the agent bank in loan syndication?
a) Ensuring the compliance of conditions precedent under the loan agreement
b) Determining the LIBOR interest rate for each interest rate
c) Planning for future syndication of loans
d) Receiving notices relating to cancellation of any part of the loan

45. Which of the following is not a phase/step in the formation of loan syndication?
a) Finalization of supply agreement
b) Identify the needs of the borrower
c) Preparation of information memorandum
d) Invite other banks to participate

46. Which of the following statements is true?
a) SSI is an undertaking in which the investments in fixed assets in plant and machinery does not exceed one million
b) Small and medium enterprises both in size and shape are not homogenous in nature
c) The small and medium enterprises contribution towards the GDP is nominal
d) Small and medium enterprises do not support the large industries.

47. The Nayak Committee has suggested the turnover method for assessing the working capital and pegged it at?
a) 15% of the projected annual turnover, as working capital limit
b) 20% of the projected annual turnover, as working capital limit
c) 25% of the projected annual turnover, as working capital limit
d) 30% of the projected annual turnover, as working capital limit

48. Which of the following is not a part of the rehabilitation package granted for revival of sick industry?
a) Waiver of penal interests
b) Funding by sanctioning of term loans towards the unpaid installments of loans
c) Grant of additional working capital loans
d) Not demanding the promoters contribution towards the rehabilitation package

49. Service Area Approach is associated with?
a) Industrial finance
b) Microfinance
c) Rural finance
d) Consortium finance

50. Which of the following resources cannot be securitized?
a) Credit balances outstanding in cash credit accounts
b) Credit Card receivables
c) Hire purchase receivable
d) Mortgage in lieu of future payments

51. Which of the following is a type of anticipatory letter of credit?
a) Green clause letter of credit
b) Yellow clause letter of credit
c) Back to back letters of credit
d) Revolving letter of credit

52. Performance guarantee is issued?
a) In lieu of earnest money
b) In lieu of retention money
c) In lieu of indemnity bonds
d) For successful competition of Turnkey projects

53. Which of the following is not a transfer of funds by using the electronic media?
a) Mail transfer of funds
b) Telegraphic transfer of funds
c) Electronic credit transfers
d) Electronic clearing transfers

54. Which of the following is not an augmenting feature of credit cards?
a) Personal accident insurance
b) Cash withdrawal facility
c) Add-On facility
d) Automatic recovery of interest on term loans

55 Which of the following is a disadvantage of going public issue?
a) Provides liquidity to existing shares
b) Commands better pricing than placement with few investors
c) Increased regulatory norms
d) Enables valuation of the company

56 Which of the following is not a reason for regulating the banking operations?
a) Banks hold a major portion of the public savings
b) Banks intermediate between the savings and investments
c) Banks hold a large part of the money supply
d) Banks earn profit from non-fund services

57. Which of the following statements is true?
a) Resave Bank of India empowers the banks to open branches according to their will and pleasure
b) Reserve Bank of India is a central bank which monitors only lending activities pertaining to export credit
c) Banks have authority to establish the ATMs at their convenience
d) Rural banks of commercial banks do not have freedom to issue credit cards

58. When the customer withdraws cash from ATM, the banker and customer relation ship is?
a) Debtor and Creditor
b) Creditor and Debtor
c) Lessor and Lessee
d) Agent and principal

59. Which of the following is a public sector Bank?
a) IDBI
b) ICICI
c) AXIS
d) HDFC

60. Trade control in India is regulated by?
a) RBI
b) SEBI
c) EXIM Bank
d) DGFT

61 Which of the following businesses is prohibited as per Sec 8 of B.R Act 1949?
a) Executing the trusts
b) Leasing
c) Retail trading
d) Underwriting

62. Which of the following is not one of the essential elements of internal audit?
a) Totality
b) Expertise
c) Independence
d) Subjectivity

63. The letter of credit, which facilitates the exporter to get pre- shipment finance (from the stage of purchase of raw material until the warehousing of the finished goods) from advising bank is called?
a) Red Clause LC
b) Lines of credit
c) Packing credit loan
d) Green Clause LC

64. A term loan is classified as a non-performing asset, if interest or installment is overdue for period exceeding how many days?
a) 90
b) 91
c) 180
d) 182

65. Which of the following is an interest bearing demand deposit?
a) Time Deposit
b) Re-investment deposits
c) Cash Certificates
d) Savings Bank account

66. Debt Recovery Tribunals accept petitions from Banks and financial institutions, only when the amount of suit is for Rs?
a) 1 00 000 and above
b) 5 00 000 and above
c) 7 50 000 and above
d) 10 00 000 and above

67. An endorsement is deemed as an instruction to?
a) Collecting Bank
b) Paying Bank
c) Drawer
d) Payee

68. Ideal Credit deposit ratio for a bank is?
a) 60%
b) 40%
c) 90%
d) 30%

69. The rate at which RBI rediscounts the bills of commercial banks is called as?
a) Bank Rate
b) Prime Lending rate
c) Repo rate
d) BPLR

70. Which of the following is not one of the RBI directives on clean note policy?
a) Currency note packets are not to be stapled and secured with paper bands
b) Soiled notes are to be stapled before they are remitted to Currency Chest.
c) Water mark window of bank notes shall not contain any writings
d) Currency notes are to be sorted in to Issuable and non-issuable notes.

71. Which of the following committees are related to 'Micro financing'?
a) Nayak Committee
b) Tandon committee
c) Vyas Committee
d) Narasimham committee

72. The relation ship between RBI and the Bank maintaining the currency chest is that of?
a) Debtor and Creditor
b) Principal and Agent
c) Bailor and Bailee
d) Creditor and Debtor

73. Normally, the number of members in a self Help Group shall not exceed?
a) 10
b) 20
c) 50
d) 15

74. Short fall in fulfilling the targets of Priority sector and agricultural finance by domestic commercial banks shall be deposited with/in?
a) RIDF
b) SIDBI
c) RBI
d) IDBI

75. The maturity value of a Recurring deposit with a monthly contribution of Rs 500 kept for a period of 12 months, at 9% interest rate compounded quarterly would be Rs.?
a) 6, 265
b) 6, 625
c) 7, 255
d) 7, 555

76. Which of the following is not an imperfect note?
a) Washed note
b) Bleached note
c) Mutilated note
d) Oiled note

77. Credit rating helps in measuring the credit risk and facilitates?
a) Considering higher credit limits
b) Making loan provisioning at an early stage
c) Accurately calculate the probable loan losses
d) Pricing of a loan

78. The Reverse Repo has the following characteristic?
a) Borrowing by RBI from banks
b) Borrowing with government security as collateral
c) Short term borrowing
d) All of these

79. Under the Nayak Committee recommendations, the quantum of working capital limits from the bank is minimum percentage of the projected annual sales?
a) 5%
b) 15%
c) 20%
d) 25%

80. Banks insist on providing finance for those projects or activities only which they consider to be viable. What is meant by viability of project?
a) Capacity to generate cash, adequate to service debt and surplus for borrower's personal requirement.
b) Generation of cash to meet debt liability
c) Generation of profits.
d) Generation of gross profits

81. Letter of negative lien obtained from borrower by a bank contains?
a) An undertaking that the property mortgaged to the bank is his own
b) A confirmation that the borrower had earlier deposited title deeds to create mortgage on the property.
c) An undertaking not to create any encumbrance/lien on the property which he owns but not yet mortgaged to the bank
d) A declaration that he is the joint owner of the property furnishing the details of his share and valuation thereof.

82. Which of the following statement is CORRECT?
a) Consortium advances to be treated as NPA on the basis of recovery by individual banks
b) If one facility of a borrower is treated as NPA other facilities to him also to be treated as NPA even if there are no irregularities in that account.
c) Consortium must be formed if the total exposure of fund based limit exceeds Rs 100 crore.
d) Both (a) and (b)

83. If an IPO is under-priced, which of the following can be considered as consequences/implications of the same?
I. The company looses the opportunity to raise more funds
II. Under pricing would give less returns to the investor
III. Under pricing results in lower net worth on an increased equity.
a) Only (II) above
b) Only (III) above
c) Both (I) and (III) above
d) Both (II) and (III) above all.

84. Corporate Bank files suit for recovery of its loan against the guarantor only and not the borrower. Guarantor pleads in the court that before filing suit against him, money should be recovered from the borrower. In such circumstances, the bank can seek recourse in the court against?
a) All the liable parties together only
b) Any one of them at a time
c) All separately
d) At its discretion it can proceed against any one

85. A letter of credit (LC) wherein the credit available to the customer gets reinstated after the bill is paid is known as?
a) Back to back LC
b) Red clause LC
c) Back to front LC
d) Revolving LC

86. Regional Rural Banks are?
a) Private Sector scheduled commercial banks
b) Cooperative banks
c) Foreign banks
d) Public sector scheduled commercial banks

87. Large corporate customers demand?
a) Short term products from their banks irrespective of the cost at their times of need.
b) Increasingly sophisticated products from their banks at the lowest possible cost.
c) Disintegrated financial products from their banks at the lowest possible cost.
d) Basic banking products from their banks but with speed and efficiency.

88. Funded Services under corporate banking does not include?
a) Working Capital Finance
b) Bill Discounting
c) Export Credit
d) Letters of Credit

89. Which of the following is not directly involved in rural lending?
a) Cooperatives
b) RRBs
c) Commercial banks
d) SIDBI

90. PACSs provide?
a) Mainly long term credit
b) Mainly short term credit
c) Both long term and short term credit
d) Do not provide any credit

91. The purpose of which is to make credit of available to essential sectors of the economy according to national priorities?
a) Selective Credit Control (SCC)
b) Maintenance of cash reserve
c) Reserve fund
d) Comprehensive Credit Control

92. The system of note issue followed by the RBI is?
a) Proportional reserve system
b) Minimum reserve system
c) Minimum fiduciary system
d) Maximum fiduciary system

93. The rate at which the Reserve Bank of India lends to the commercial banks in very short term against the backing of the Government securities is known as?
a) Bank rate
b) Repo rate
c) Reverse Repo
d) Discount rate

94. Scheduled banks are those?
a) Includued in the 2nd schedule of the Banking Regulation Act-1949
b) Includued in the 2nd schedule of the Companies Act-1956
c) Includued in the 2nd schedule of the Reserve Bank of India Act -1934
d) Bank Nationalization Act -1969

95. The following is classified as a public sector bank?
a) ICICI Bank
b) IDBI Bank Ltd
c) Axis Bank
d) Local area bank

96. The banker-customer relationship in credit card payment is?
a) Creditor-debtor
b) Debtor-creditor
c) Agent principal
d) Principal-agent

97. The base rate is set by?
a) Individual banks
b) RBI
c) Government of India
d)RBI in consultation with Government

98. State Bank of India's new floating rate of deposit is directly linked to?
a) Inflation Rate
b) BPLR
c) Base Rate
d) BankRate

99. Six private sector banks were nationalised on April 15, 1980, whose reserves were more than?
a) 100 Crores
b) Rs. 200 crores
c) 300 crores
d) 400 crores

100. Security printing press was established in 1982 at?
a) Kolkata
b) New Delhi
c) Bombay
d) Hyderabad

Answers

1) d      2) c  3) d     4) d        5) d   6) c    7) b   8) d    9) a  10) c
11) c 12) b 13) d 14) c 15) d 16) d 17) a 18) b 19) a 20) c
21) d 22) c 23) d 24) a 25) c 26) a 27) d 28) c 29) b 30) d
31) d 32) a 33) c 34) d 35) c 36) d 37) c 38) b 39) a 40) c
41) c 42) d 43) d 44) c 45) a 46) b 47) b 48) d 49) c 50) a
51) a 52) d 53) a 54) d 55) c 56) d 57) c 58) a 59) a 60) d
61) c 62) d 63) d 64) a 65) d 66) d 67) b 68) a 69) a 70) b
71) c 72) b 73) b 74) a 75) a 76) c 77) d 78) d 79) c 80) a
81) c 82) a 83) c 84) d 85) d 86) d 87) b 88) d 89) d 90) b
91) a 92) b 93) b 94) c 95) b 96) b 97) a 98) c 99) b 100) d