IBPS (PO) Previous Year Exam Paper - 2014 "General Awareness" Held on: 19-10-2014

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IBPS CWE (PO/MT) Previous Year Exam Paper - 2014

Subject: General Awareness

1. Which of the following is the boundary line between India and Pakistan?’

(1) 17th Parallel
(2) Radcliffeline
(3) Other than those given as options
(4) Hindenburg Line
(5) McMahon Line

2. Banks generally insist account holders to nominate persons to whom the money lying in their accounts should go in the event of

(1) death of account holder
(2) illness of account holder
(3) account holder migrates
(4) account holder turns bankrupt
(5) Other than those given as options

3. Credit Risk refers to the risk that

(1) borrower may opt to get necessary permit/licences
(2) wrong strategy is adopted
(3) a borrower will default on any type of debt
(4) loan processing may be faulty
(5) interest rate in the markets may increase

4. Which of the following is the currency of Cambodia?

(1) Cambodian Dollar
(2) Ringgit
(3) Peso
(4) Riel
(5) Other than those given as options

5. Which of the following is a source of collecting money from the public for a company for the first time?

(1) Rights issue
(2) Bonus shares
(3) Follow on offering
(4) Initial public offer
(5) Secondary offering

6. Which of the following concepts of banking involves booking of web-enabled touch point for basic banking services?

(1) Extension Conters
(2) Retail Banking
(3) Kiosk Banking
(4) Satellite Banking
(5) Mobile Banking

7. Face value of a Government security is the amount that is to be paid to an investor at the maturity date of the security. The face value is not the same as the

(1) Par value
(2) Market Price
(3) Redemption value
(4) Repayment amount
(5) Principal value

8. As per the 2011 Census report, India’s population below the age of 35 years is

(1) between 30 & 35%
(2) between 40 & 50%
(3) between 35 & 40%
(4) more than 65%
(5) between 50 & 65%

9. The facility to help insurance policy holders buy and keep policies in electronic form rather than as a paper document is called

(1) Insurance Warehousing
(2) Insurance Cache
(3) Insurance Stockpile
(4) Insurance Depository
(5) Insurance Repository

10. Based on the recovery of the dues, banks are required to classify non-performing assets (NPAs) in the books of the bank under the categories

(1) Substandard, Doubtful and Bad Debts
(2) Standard, Doubtful and Written-Off Assets
(3) Standard, Substandard and Doubtful Assets
(4) Standard, Doubtful and Loss Assets
(5) Substandard, Doubtful and Loss Assets

11. A mutual fund scheme in which the investors commit their money for a particular period is known as

(1) Long-End Scheme
(2) Closed-End Scheme
(3) Long-Term Fund
(4) Open-End Scheme
(5) Back-End Scheme

12. In the Asian Games who among the following won the silver Medal for India in Squash?

(1) Geetika Jakhar
(2) Yogeshwar Dutt
(3) Vinesh Phogat
(4) Saurav Ghosal
(5) Other than those given as options

13. Plant Genome Saviour Community Awards are given by Protection of Plant Varieties and Farmer’s Right Authority (PPV & FRA) for

(1) getting the highest yield of crops
(2) Other than those given as options
(3) engagement in the conservation of genetic resources of economic plants and their wild relatives
(4) ensuring soil conservation and preventing use of chemicals
(5) using traditional seeds and fertilizers to protect the soil

14. CP is an unsecured money market instrument issued in the form of a promissory note. In the abbreviation CP, letter ‘P’ stands for

(1) Paper
(2) Portfolio
(3) Payment
(4) Promissory
(5) Position

15. Vishal Sikka is the CEO of

(1) Tata Group of Companies
(2) Cognizant
(3) Oracle
(4) Infosys
(5) Other than those given as options

16. The process that has to be undertaken by banks and other financial institutions to prevent them from being used by criminal elements for money laundering is

(1) Credit Monitoring Process
(2) Credit Rating Process
(3) KYC Process
(4) Due diligence Process
(5) Credit Appraisal Process

17. CVV is an anti-fraud security feature that helps verify that the customer is in posession of her card. The abbreviation of CVV stands for

(1) Card Virtual Valuation
(2) Confidential Virtual Verification
(3) Card Verification Value
(4) Core Virtual Value
(5) Coded Vulnerability Value

18. Which of the foIIowing is the capital of Argentina?

(1) Addis Ababa
(2) Other than those given as options
(3) Buenos Aires
(4) Seoul
(5) Phnom Penh

19. With introduction of ATMs, telebanking and internet banking, banking hours is not a constraint for transacting banking business, which is known as

(1) Universal Banking
(2) Worldwide Banking
(3) Anywhere Banking
(4) Global Banking
(5) Other than those given as option

20. Which of the following institutions is a Credit Information Company?

(1) ARCIL
(2) CRISIL
(3) CIBIL
(4) ICRA
(5) CARE

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21. The slogan ‘Yogakshemam Vahamyaham’, which translates in English as ‘your welfare is our responsibility’, is associated with

(1) SBI General Insurance
(2) LIC of India
(3) National Insurance Company
(4) United India Insurance
(5) Other than those given as options

22. The Reserve Bank ofIndia has recently issued draft policy guidelines for differentiated banks’ licences which are

(1) exclusively for foreign banks
(2) aimed at the cooperative sector
(3) aimed at Non Banking Financial Companies
(4) Other than those given as options
(5) aimed at furthering financial inclusion

23. The Fair Practice Code for Credit Card Operations in the banking industry has been evolved by

(1) Indian Banks’ Association (IBA)
(2) Reserve Bank ofIndia (RB I)
(3) Banking Codes and Standards Board of India (BCSBI)
(4) Banking Ombudsman (BO)
(5) National Institute of Bank Management (NIBM)

24. The recently launched ‘Deen Dayal Upadhyaya Gram in Kaushal Yojana’ (DDUGKY) is a central government scheme aimed at

(1) family welfare in rural area
(2) improving irrigation potential
(3) employment generation in urban area
(4) skill improvement in rural area
(5) improving financial literacy

25. When an account does not have suffrcient balance to honour the cheque issued by the account holder, the cheque is returned by the bank, which is known as

(1) cheque discounting
(2) cheque truncation
(3) cheque kiting
(4) bouncing of cheque
(5) cheque validation

26. The alphabet ‘P’ in the abbreviation EFTPOS stands for

(1) Point
(2) Private
(3) Public
(4) Primary
(5) Permanent

27. ATM is an electronic tele-communication device that helps bank customers perform frnancial transactions. The letter A in the abbreviation ATM stands for

(1) Anytime
(2) Anywhere
(3) Automated
(4) Advance
(5) Account

28. Which of the following countries has assured India to provide lifetime fuel to the Kudankulam Nuclear Power Plant?

(1) Russia
(2) Germany
(3) France
(4) Spain
(5) USA

29. Who among the following Bollywood stars was a state-level badminton player?

(1) Madhuri Dixit
(2) Deepika Padukone
(3) Priyanka Chopra
(4) Kareena Kapoor
(5) Anushka Sharma

30. Dr Najma Heptulla is the Union Cabinet Minister for

(1) Communication, IT, Law & Justice
(2) TribaLAffairs
(3) Minority Affairs
(4) Agriculture
(5) Chemicals and Fertilizer

31. Dynamite was invented by

(1) Marie Curie
(2) Alexander Flemming
(3) Charles Darwin
(4) Other than those given as options
(5) Alfred Nobel

32. Who among the following is the author of the book Hard Choices?

(1) Barack Obama
(2) Hillary Clinton
(3) Other than those given as options
(4) Abraham Lincoln
(5) Bill Clinton

33. The Bank for International Settlements (BIS) is an international organisation of central banks headquartered in

(1) Zurich, Switzerland
(2) New York, USA
(3) Basel, Switzerland
(4) Paris, France
(5) Geneva, Switzerland

34. The Reserve Bank has recently issued the guidelines allowing minors to operate bankaccounts, which is aimed at

(1) mobilising high level of savings
(2) furthering financial inclusion
(3) developing consumption culture amongst the children
(4) developing borrowing habits at an early age
(5) boosting government’s anti-poverty programmes

35. Star Union Daichi Life Insurance Company Limited is a joint venture between Daichi Life, a leading life insurance company of Japan, Union Bank of India and

(1) Bank of India
(2) State Bank of India
(3) AxisBank
(4) ICICI Bank
(5) Indian Bank

36. Zend-Avesta is the primary collection of sacred text of

(1) Sufism
(2) Buddhism
(3) Bahai faith
(4) Jews
(5) Parsis

37. The abbreviation ‘GDP’ stands for

(1) Gross Domestic Product
(2) Globally Dominant Person
(3) General Domestic Position
(4) Global Depository Product
(5) Gross Depository Position

38. Who among the following was the founder of Anandwan?

(1) BabaAmte
(2) Sindhutai Sapkal
(3) Abhay Bang
(4) Medha Patkar
(5) Other than those given as options

39. With the success of Mars Orbiter Mission, India became the fourth Space-power to send craft to Mars. The other three are

(1) Former Soviet Union, US and China
(2) US, Former Soviet Union and Japan
(3) US, Europe and Former Soviet Union
(4) US, China and Japan
(5) Other than those given as options

40. Banks today are focusing more on Retail Banking, which offers opportunities to banks to

(1) invest in capital markets
(2) consider large-ticket term loans
(3) set up joint ventures
(4) cross-set other retail loan products
(5) lend to corporates
 

Answers

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

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