Important Questions of Banking Awareness For IBPS Exam

Question: In which year Punjab National Bank was established ?

(1) 1880
(2) 1887
(3) 1894
(4) 1900
(5) None of these

Question: What is the full form of 'CORE' in core banking services ?

(1) Channel of Rupee Exchange.
(2) Customer Online Realtime Exchange.
(3) Centralized Online Rupee Exchange.
(4) Centralized Online Realtime Exchange.
(5) Customer Online Rupee Exchange.

Question: Consider the following statements about Multidimensional Poverty Index (MPI)

(A) MPI focuses on education, health & living standard as a supplement to income based measure of poverty rd
(B) India ranks 63 in MPI based poverty ranking among 104 developing countries.
(C) Bihar is the second poorest state in India on the basis of MPI based poverty ranking.

Question: Which of above statement(s) is/ are true ?

(1) Only A & B
(2) Only B & C
(3) Only A & C
(4) All A,B & C
(5) None of these

Question: What is the upper limit of RTGS transactions in India ?

(1) No limit
(2) Rs. 10 lacs
(3) Rs. 50 lacs
(4) Rs.20 lacs
(5) Rs. 40 lacs

Question: Open unemployment refers to people-

(1) Who are not willing to work
(2) Who are willing but do not get work.
(3) Who leave their jobs in search of better jobs.
(4) Who have been dismissed because of corrupt practices.
(5) None of these

Question: 'Open Market Operation' is a part of-

(1) Income Policy
(2) Fiscal Policy
(3) Credit Policy
(4) Labour Policy
(5) None of these

Question: SDR, the currency of the IMF, is in the form of-

(1) Paper Currency
(2) Gold
(3) Silver and Gold both
(4) Book Keeping entry only
(5) None of these

Question: Which of the statements given below is/are incorrect ?

(A) United Stock Exchange is the fourth country level exchange of India.
(B) It is headquartered at Mumbai.
(C) It will trade in six foreign currency derivatives.

(1) Only A and B
(2) Only B and C
(3) Only A and C
(4) Only B
(5) Only C

Question: In India, National income is estimated by ?

(1) Planning commission
(2) Indian Statistical Institute
(3) Central Statistical Office
(4) National Smaple Survey Organisation
(5) None of these

Question: Hindu Rate of Growth refers to the rate of growth of-

(1) GDP
(2) Population
(3) Foodgrains
(4) Per Capita income
(5) None of these

Question: Which one of the following is not an objective of fiscal policy of Indian Government ?

(1) Full employment
(2) Regulation of Inter-State-trade
(3) Price stability
(4) Equitable distribution of wealth & income
(5) None of these

Question: How many times has financial emergency been declared in India so far ?

(1) 5 times
(2) 4 times
(3) Once
(4) Never
(5) None of these

Question: Which one of the following is not charged on the Consolidated Fund of India ?

(1) Salary & allowances of the president of India
(2) Salary & allowances of the speaker of the Lok Sabha
(3) Salary & allowances of the Justices of the Supreme Court of India
(4) Salary & allowances of the Vice President of India
(5) None of these

Question: What would be the New Price Index that would measure inflation ?

(1) PPI (2011)
(2) CPI (2010)
(3) WPI (2004-2005)
(4) RTI
(5) None of these

Question: What is the maximum ceiling on Foreign Direct Investment (FDI) for investment in the equity of Public Sector Banks in India ?

(1) 20%
(2) 26%
(3) 49%
(4) 51%
(5) 74%

Question: According to 2011 Census, Sex Ratio in India stood at -----females per 1000 males.

(1) 933
(2) 965
(3) 947
(4) 940
(5) None of these

Question: Indian Stock Market deals in --------.

(1) Shares
(2) Debentures
(3) Forward Contracts
(4) Mutual Funds
(5) All of the above

Question: ‘Self Help Group’ is associated with which of the following Rural Development Programmes ?

(1) Pradhan Mantri Gram SadakYojana
(2) Swarna Jayanti Gram Swarozgar Yojana
(3) TRYSEM
(4) Indira Aawas Yojana
(5) None of these

Question: During which of the following plan period annual growth rate of G.D.P. was registered as 3.6%?

(1) First five year plan
(2) Second five year plan
(3) Fourth five year plan
(4) Fifth five year plan
(5) None of these

Question: Call money is related to–

(1) Share Market
(2) Government Securities
(3) Post Office Deposit
(4) Banks Deposit
(5) None of these

Question: Finance Commisson is included in of Indian Constitution.

(1) Article 340
(2) Article 280
(3) Article 360
(4) Article 390
(5) None of these

Question: Which of the following is/are TRUE about the "Village Gram Bank Scheme" ?

(1) The scheme is launched to provide safeguards against Starvation during the period of natural calamities or lean season.
(2) The gram banks are set up in food scare areas like drought prone areas.
(3) Village Panchayats who were running Village Grain Banks earlier are now not authorized to run.
(4) Both (1) and (2)
(5) None of theseNAMA

Question: word is related to which organisation ?

(1) World Trade Organisation
(2) UNCTAD
(3) International Monetary Fund
(4) World Bank
(5) None of these

Question: SEBI is related to -----------

(1) Bank
(2) Government of India
(3) Share Market
(4) State Government
(5) None of these

Question: What is the main function of National Planning Council ?

(1) Suggestions to Planning Commission
(2) Formation of Committee
(3) Formation of FiveYear Plan
(4) Formation of Socio-Economic Programme
(5) None of these

Question: Which of the following services is NOT provided by the post offices in India ?

(1) Savings Bank Scheme
(2) Retailing of Mutual Funds
(3) Sale of Stamp Papers
(4) Issuance of Demand Drafts
(5) None of these

Question: Banks are required to pay how much percentage of their net bank credit to Priority Sector in advance ?

(1) 5%
(2) 7%
(3) 10%
(4) 15%
(5) None of these

Question: Economic Planning comes under which of the following lists ?

(1) Union List
(2) Concurrent list
(3) State List
(4) 1 and 3
(5) None of these

Question: Which of the following is/are correct about the 'Operational Risk' as used in the field of banking?

A. Risk of loss due to inadequate or failed internal process.
B. Risk of loss due to natural calamities.
C. Loss occurred due to non compliance of legal procedures.

(1) Only A
(2) Only B
(3) Only C
(4) All
(5) None of these

Question: The word "Code Sharing" is most used in which of the following industries ?

(1) Information Technology
(2) Defense Industry
(3) Nuclear Industry
(4) Air Transport Industry
(5) None of these

Question: WADA (World Anti Doping Agency) is related with-----------.

(1) Insurance
(2) Government Securities
(3) Dope Testing
(4) Stock Exchange
(5) None of these

Question: Bank Rate is-----------

(1) Rate at which commercial banks borrow long term funds from central Bank.
(2) Rate at which commercial banks borrow short term funds from central bank.
(3) Currently Bank rate is 8.5%
(4) Both 1 and 3
(5) None of these

Question: Which of the following statements is/are TRUE about Share Market ?

(A) Share Market is operated in stock exchange.
(B) In India Saurastra stock exchange and Kanpur stock exchanges are closed recently.
(C) In India 22 Stock Exchange are in operating condition.

(1) Only A
(2) A and B
(3) Only B
(4) All
(5) None of these

Question: Which of the following organisations releases "World Economic Outlook" Report ?

(1) Asian Development Bank
(2) World Bank
(3) International Monetary Fund
(4) World Trade Organisation
(5) None of these

Question: Money laundering is related -----------

(1) To reduce the number of families which lives below poverty line.
(2) To reduce the NPA of Banks.
(3) To reduce the Black Money.
(4) To reduce the unemployment rate.
(5) None of these

Question: In which year Public Debt Act was passed ?

(1) 1938
(2) 1940
(3) 1944
(4) 1948
(5) None of these

Question: Which of the following is not included in Indian Economy ?

(1) M1 2
(2) M
(3) M3
(4) both M1 and M3
(5) None of these

Question: National Income indicates -

(1) The number of families below poverty line.
(2) Goods and Services in Economy
(3) Growth of Economy
(4) 2 and 3
(5) None of these

Question: The first five year plan was started in ---------.

(1) 1939
(2) 1949
(3) 1951
(4) 1956
(5) None of these

Question: What is the full form of ASBA ?

(1) Amount Saved and Balance in Account.
(2)AccountSavings&BankAscertainment.
(3) Applications Supported by Blocked Amount.
(4) Already Savings Blocked Amount.
(5) None of these

Question: The debenture holders of a company are its_____.

(1) Employees
(2) Debtors
(3) Creditors
(4) Partners
(5) None of these

Question: Ministry of Communications and IT has launched a social security scheme the Service Discharge Benefit Scheme (SDBS) -------------.

(1) To provide financial security to Gramin Dak Sevaks
(2) To provide insurance for the rural poor
(3) To provide risk cover for the urban slums
(4) To provide financial assistance for the gram panchayats
(5) None of these

Question: In which year National Bank for Agriculture and Rural Development (NABARD) was established in _____.

(1) 1991
(2) 1982
(3) 1952
(4) 1968
(5) None of these

Question: In banking terminology bad loans refer to ------------------.

(1) Bad debts
(2) Non Performing assets
(3) Underwriting assets
(4) Fictitious assets
(5) None of these

Question: Which of the following department is not a part of Finance Ministry of India ?

(1) Department of Revenue
(2) Department of Expenditure
(3) Department of Economic Affairs
(4) Department of Industrial Policy & Promotion
(5) None of these

Question: Which of the following is the name of a Private Sector Bank in India ?

(1) IDBI Bank
(2) Axis Bank
(3) Corporation Bank
(4) UCO Bank
(5) All are Private Banks

Question: What is an Indian Depository Receipt ?

(1) A deposit account with a Public Sector Bank
(2) A depository account with any of Depositories in India
(3) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company
(4) An instrument in the form of deposit receipt issued by Indian depositories
(5) None of these