(Paper) IBPS Clerk Previous Year Exam Paper "Held on 14-12-2013, General Awareness"

IBPS Clerk Previous Year Exam Paper - 2013

Subject: General Awareness

1. Derivatives Contract which gives the buyer/holder of the contract the right (but not the obligation) to buy/sell the underlying asset at a predetermined price within or at end of a specified period is known as

(1) Futures Contract
(2) Option Contract
(3) Index Futures contract
(4) Mini Derivative Contract
(5) None of these

2. The first Yash Chopra Memorial Award has been given to

(1) A. R. Rahman
(2) Lata Mangeshkar
(3) Amitabh Bachchan
(4) Rishi Kapoor
(5) Gulzar

3. CASA ratio of bank indicate the

(1) Bank’s deposits
(2) Bank’s Non Performing Assets
(3) Bank’s liabilities
(4) Bank’s base rate
(5) Bank’s total assets

4. The process by which LIC holder can transfer all rights, title and interest under a policy contract to any third person is known as

(1) Subrogation
(2) Escrow
(3) Mortgage
(4) Assignment
(5) Nomination

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5. In order to promote no frills accounts as part of basic banking, the Reserve Bank of India, in August 2012, advised banks to rechristen it as

(1) Basic Saving Account
(2) Basic Deposit Account
(3) Basic Account
(4) Basic Savings Bank Deposit Account
(5) None of these

6. The UIDAI has set a target of enrolment for how many people for Aadhaar Numbers till end of2014?

(1) 25 crore people
(2) 48 crore people
(3) 50 crore people
(4) 60 crore people
(5) 72 crore people

7. Equity share is also known as

(1) Shareholder equity
(2) Stockholder’s equity
(3) Share capital
(4) Net worth
(5) All of these

8. Fixed Deposit is also referred to as

(1) Time Deposit
(2) Recurring Deposit
(3) Demand Deposit
(4) Static Deposit
(5) All of the above

9. W ith which sports is Deepak Lathore associated?

(1) Basketball
(2) Athletics
(3) Weightlifting
(4) Squash
(5) Wrestling

10. What is the minimum age required to become a member of the Rajya Sabha?

(1) 21 years
(2) 25 years
(3) 30 years
(4) 32 years
(5) 35years

11. Microcredit concentrates on

(1) Small loans
(2) Women
(3) Rural areas
(4) Poor people
(5) All of these

12. Which of the following is a receipt, declaring ownership of shares of a foreign company, which can be listed In India and traded in rupees?

(1) ADR
( 2) GDR
(3) IDR
(4) EDR
(5) None of these

13. NABARD is responsible for regulating and supervising

(1) Securities market in India
(2) Bank rates of scheduled commercial banks in India
(3) Cooperatives
(4) Regional Rural Banks
(5) Only 3 and 4

14. Arrangement of bank selling insurance product acting as agent of respective companies is called

(1) Bancassurance
(2) Outsourcing
(3) Delegation
(4) Proxy Insurance
(5) Shadow Insurance

15. BCSBI aims to plan, evolve, prepare, develop, promote and publish comprehensive Codes and Standards for banks, for providing for fair treatment to their customers. Which of the following codes has been evolved by it?

(1) Code of Bank’s Commitment to Customers
(2) Code of Bank’s Commitment to Micro and Small Enterprises
(3) Code of Bank’s Commitment to Financial Inclusion
(4) Both 1 and 2
(5) Both 2 and 3

16. World Food Day is observed on

(1) 5 September
(2) 21 September
(3) 16 October
(4) 19 November
(5) 3 December

17. The Adhaar-enabled payment systems (AEPS) is a bank-led model that facilitates banking facilities by allowing transactions at Point of Sale through the business correspondent (BC) using the Aadhaar authentication number. Adhaar-enabled basic types of banking transactions ‘do not’ include

(1) Balance enquiry
(2) Cash withdrawal
(3) Online payment
(4) Cash deposit
(5) Aadhaar to Aadhaar funds transfer

18. Which of the following is Asia’s largest residential university?

(1) Nalanda University
(2) University of Delhi
(3) Banaras Hindu University
(4) Jamia Milia Islamia
(5) Jawaharlal Nehru University

19. Which of the following banks/ ministries/bodies is the Lender of last resort in India?

(1) World Bank
(2) Reserve Bank of India
(3) Union Ministry of Finance
(4) Planning Commission
(5) International Monetary Fund

20. ‘For expanding access to banking services, the Reserve Bank of India has advised banks to open branches with minimum infrastructure support of 8 to 10 BC units at a. reasonable 3-4 km. Such branches are known as

(1) White Label ATMs
(2) Ultra Small Branches
(3) Banking Kiosks
(4) CBS Terminals
(5) ICT Hubs

21. According to the Income Tax Act of 1961, the age of Super Senior Citizens should be

(1) 62years
(2) 70years
(3) 80years
(4) 88years
(5) 95years

22. Who has authored the book, titled ‘The Lowland’?

(1) Khushwant Singh
(2) Vikram Seth
(3) Chetan Bhagat
(4) Jhumpa Lahiri
(5) Jeet Thayil

23. Who, at present, is the Chief Election Commissioner of India?

3(1) V.S. Sampath
(2) S.Y. Qureshi
(3) Navin Chawla
(4) N. Gopalaswamy
(5) B.B. Tandon

24. When Criminals use an innocent person’s details to open or use an account to carry out financial transactions, it is known a

(1) Money Laundering
(2) Phishing
(3) Identity Theft
(4) Real Time gross Settlement
(5) Insinuation

25. Where is the headquarters of the United Nations Organization located?

(1) Rome
(2) Brussels
(3) Geneva
(4) New York
(5) Paris

26. As per the announcements made in Union Budget 2013-14, a person taking a loan for his first home from a bank or a housing finance corporation (HFC) up to Rs 25 lakh from April 1, 2013 to” March 31, 2014, will be entitled to an additional deduction of interest of

(1) Rs. 75,000
(2) Rs. 1 lakh
(3) Rs. 1.5 lakh
(4) Rs. 2 lakhs
(5) Rs. 2.6 lakh

27. Where was the 8lh National Conference on Krishi Vlgyan Kendra 20 13 held?

(1) Chandigarh
(2) Bangalore
(3) Kolkata
(4) Patna
(5) Jodhpur

28. The Reserve Bank of India has made it mandatory for banks to lend at least 40per cent of their credit to select sectors such as agriculture, Micro and Small Enterprises other weaker sections, etc. Which banks have to lend at least 40 per cent of their total net credit to priority sectors?

(1) Scheduled Commercial Banks
(2) Foreign Banks
(4) IRDA
(5) All of the above

29. What is the term for a bank without any branch network that offers its services remotely?

(1) Virtual Bank
(2) Direct Bank
(3) Lending Institution
(4) Indirect Bank
(5) Online Bank

30. With reference to Indian Banking sector which of the following is the most appropriate expanded form of EMI?

(1) Estimated Monthly Installment
(2) Extended Matching Items
(3) Equated Monthly Installment
(4) Enterprise Manufacturing Intelligence
(5) Easy Monthly Installment

31. Which term is used for banking in which banking institutions execute transactions directly with consumers rather than corporations or other banks?.

(1) Merchant Banking
(2) Collateral Banking
(3) Retail Banking
(4) Bulk Banking
(5) Direct Banking

32. As per the 2011 Census which state of India has the lowest density?

(1) Mizoram
(2) Jammu and Kashmir
(3) Arunachal Pradesh
(4) Tripura
(5) Nagaland

33. With which state of India is the Cheraw Dance associated?

(1) Assam
(2) Tripura
(3) Meghalaya
(4) Mizoram
(5) Rajasthan

34. The Direct Benefit Transfer Scheme is targeted at the people

(1) Affected by Uttrakhand landslides
(2) Affected by communal riots
(3) Living below the poverty line
(4) Suffering from acute starvation
(5) Belonging to Other Backward Classes

35. Which among the following, is not identified as a minority community in India?

(1) Buddhists
(2) Jains
(3) Muslims
(4) Zoroastrians
(5) Sikhs

36. Which of the following bodies recently expressed concern over unregistered investment advisors spread across the country and brought out the Investment Advisers Regulations 2013?

(1) Reserve Bank of India
(2) IRDA
(3) SEBI
(5) CII

37. EFTPOS (electronic funds transfer at point of sale) is based on

(1) SMS Alerts
(2) Debit Cards
(3) Credit Cards
(4) Both 1 and 2
(5) Both 2 and 3

38. In a circular issued by the Reserve Bank of India on 9 April 2010. Banks were advised to switch over to which system for calculation of their lending rates with effect from July 1.2010?

(1) Prime Lending Rate System
(2) Base Rate System
(3) Marginal Liquidity Facility System
(4) Statutory Liquidity Ratio system
(5) Benchmark Rate System

39. Which Bollywood actress in October 2013 was honoured in the House of Commons for her contribution to the global entertainment?

(1) Aishwarya Rat Bachchan
(2) Sharmila Tagore
(3) Kareena Kapoor
(4) Waheeda Rehman
(5) Shabana Azmi

40. Part of company’s earning or profit which is paid out to share holders is known as

(1) Premium
(2) Dividend
(3) Bonus
(4) Sum Assured
(5) Return

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