Prepare your IBPS, SBI PO and Clerical exam online now. Previous year papers, latest bank exam questions, mock tests and other study material

Showing posts with label ippb 2017.. Show all posts

Friday, 24 March 2017

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Q1. MICR code is used for-

(a) Electronic Clearance of Cheques

(b) Electronic Funds Transfer

(d) Cheque Truncation Services

(e) None of the above

Q2. Islamic Development Bank (IDB) in May 2016 announced to open its first branch in India at-

(a) Ahmedabad, Gujarat

(b) Lucknow, Uttar Pradesh

(d) Chennai, Tamil Nadu

(e) Kolkata, West Bengal

Q3. With reference to the insurance and banking sector, which of the following is the most appropriate explanation of "PIN"?

(a) Postal Index Number

(b) Personal Index Number

(c) Personal Identification Number

(d) Personal Information Number

(e) Permanent Identification Number

Q4. The rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds is called-

(a) Call Rate

(b) CRR

(d) Repo Rate

(e) SLR

Q5. In a bid to curtail domestic black money flow, the finance ministry has announced that it will be mandatory to furnish permanent account number (PAN) for all transactions above Rs.________ through all payment modes with effect from January 1, 2016.

(a) Rs. 1 lakh

(b) Rs. 2 lakh

(d) Rs. 4 lakh

(e) Rs. 5 lakh

Q6. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points. What is basis point?

(a) Ten percent of one-hundredth point

(b) One hundredth of 1%

(d) Ten per cent of 1000

(e) None of the above

Q7. Which of the following is NOT a type of cheque issued by an individual?

(a) Bearer cheque

(b) Order cheque

(d) Savings cheque

(e) None of the above

Q8. What is Financial Inclusion?

(a) To provide a permanent employment to the unemployment

(b) To provide a 100 days job to all those who are in need of a job

(c) Delivery of financial services at affordable costs to vast sections of disadvantaged and low-income groups

(d) To ensure that all financial transaction amounting Rs. 5,000/- and above are done through banks.

(e) None of the above

Q9. Which of the following places in India does not have a stock Exchange?

(a) Kolkata

(b) Ahmedabad

(d) Udaipur

(e) None of the above

Q10. Which of the following is the name of private sector Bank in India?

(a) IDBI Bank

(b) Axis Bank

(d) UCO Bank

(e) Dena Bank

Q11. Which of the following types of companies/organisation issue "ULIP"?

(a) Insurance Companies

(b) Banks

(d) RBI

(e) None of the above

Q12. In order to avoid crowding of customers wanting to withdraw cash in the branches, banks have provided many delivery channels. Which of the following is one of the most popular Channels of getting instant hard cash?

(a) Core Banking Solution

(b) Pay orders

(d) Automated Teller Machines

(e) None of the above

Q13. Who amongst the following has suggested to the banks in India to give details of fund transfer to customers via SMS/ E-mails?

(a) Reserve Bank of India (RBI)

(b) India Bank's Association

(d) Securities & Exchange Board of India

(e) None of the above

Q14. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purpose?

(a) Kisan Credit Card

(b) Personal Loan

(d) All of the above

(e) None of the above

Q15. Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial asset freely at market determined exchange rates?

(a) Capital Accounts Convertibility

(b) Financial Deficit Management

(d) Special Drawing Rights

(e) None of the above

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Q1. In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms. What is full form of “LLP” as used in this reference?

(a) Local Labour Promotion

(b) Low Labour Projects

(d) Longer Liability Partnership

(e) Limited Liability Partnership

Q2. The process by which a life insurance policyholder can transfer all rights, title and interest- under a policy contract to a third person is known as?

(a) Assignment of the policy

(b) Hypothecation of the policy

(d) Negotiation of the policy

(e) Nomination of the policy

Q3. Which of the following is the popular name of the norms by which a bank satisfies itself about the customer’s identity and activities?

(a) Basel norms

(b) KYC norms

(d) Lending norms

(e) None of the above

Q4. Today, Banks in addition to normal banking services, offer which of the following services?

(a) Internet Banking

(b) Depository Services

(d) Only (a) and (b) above

(e) All of the above

Q5. KYC guidelines followed by the banks have been framed on the recommendations of the?

(a) Ministry of Home Affairs

(b) Ministry of Rural Development

(d) Financial Intelligence Unit

(e) Reserve Bank of India

Q6. As per RBI guidelines, when a counterfeit note is detected at the branch, it should be:

(a) Branded with a stamp “COUNTERFEIT BANKNOTE”

(b) Recorded in a separate register under authentication

(d) All of the above

(e) None of the above

Q7. Asset Reconstruction Company is associated with..........?

(a) DICGC

(b) ECGC

(d) SEBI

(e) None of the above

Q8. Association of National Exchange Members of India (ANMI) is a body consisting of?

(a) Bankers and SEBI

(b) SEBI and IBA

(d) Bankers, SEBI, IBA and RBI

(e) None of the above

Q9. At what stage of opening of bank account is the checking of Politically Exposed Persons (PEP) carried out:

(a) at the first point of customer interaction

(b) at the Account Services Level

(d) one month after the account is opened

(e) None of the above

Q10. Authorized Dealers for foreign exchange transactions are appointed by:

(a) Reserve Bank of India

(b) Government of India

(d) FEDAI

(e) None of the above

Q11. As per the reports, the collection of direct taxes has gone up by about 19% in last few months. Which of the following agencies releases the figures about tax collection?

(a) Central Statistical organisation

(b) Reserve Bank of India

(d) Central Board of Direct Taxes

(e) None of the above

Q12. MUDRA Bank will regulate and refinance all Micro-Finance Institutions (MFIs) in India. What is the full form of 'MUDRA'?

(a) Micro and Universal Development Refinance Agency

(b) Micro Units Development and Refinance Agency

(d) Micro Units Development and Regulation Agency

(e) None of the above

Q13. What amount of corpus is allocated to set up MUDRA Bank?

(a) Rs. 20,000 crore

(b) Rs. 25,000 crore

(d) Rs. 3,500 crore

(e) None of the above

Q14. What percentage of Priority Sector Lending (PSL) is being created for Micro Enterprises by March 2017?

(a) 10 %

(b) 7.5 %

(d) 9.5 %

(e) None of the above

Q15. MUDRA Bank as a wholly owned subsidiary of which institutions?

(a) Non-Banking Financial Companies (NBFCs)

(b) Commercial Banks

(d) Small Industries Development Bank of India (SIDBI)

(e) None of the above

Solutions

S1. Ans.(e)

S2. Ans.(a)

S3. Ans.(b)

S4. Ans.(e)

S5. Ans.(e)

S6. Ans.(d)

S7. Ans.(c)

S8. Ans.(c)

S9. Ans.(a)

S10. Ans.(a)

S11. Ans.(d)

S12. Ans.(b)

S13. Ans.(a)

S14. Ans.(b)

S15. Ans.(d)

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Q1. Who was the first Chairman and Managing Director (CMD) of Exim Bank?
(a) Ravneet Kaur
(b) TCA Ranganathan
(c) RC Shah
(d) Kalyan Banerji
(e) Yaduvendra Mathur

Q2. ECGC Ltd. wholly owned by Government of India was set up in ______________ with the objective of promoting exports from the country by providing Credit Risk Insurance and related services for exports.
(a) 1935
(b) 1982
(c) 1964
(d) 1949
(e) 1957

Q3. ECGC is essentially an export promotion organisation, seeking to improve the competitiveness of the Indian exporters by providing them with credit insurance covers. What is the meaning of "G" in ECGC?
(a) Guarantee
(b) General
(c) Government
(d) Grameen
(e) None of the given options is true

Q4. AIIB is a new multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia. AIIB stands for-
(a) Asian Infrastructure Investment Bureau
(b) Asian Infrastructure Investment Bank
(c) Association Infrastructure Investment Bank
(d) Asian International Investment Bank
(e) None of the given options is true

Q5. ICSID is one of the five organisations of the World Bank Group. What is the meaning of "D" in ICSID?
(a) Districts
(b) Division
(c) Development
(d) Disputes
(e) Department

Q6. The World Bank Group consists of how many organisations-
(a) One
(b) Two
(c) Three
(d) Four
(e) Five

Q7. The World Bank is like a cooperative, made up of --------------- member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank.
(a) 189
(b) 193
(c) 159
(d) 173
(e) 187

Q8. Name the agency, which is an agency to provide ‘soft-loans’ to developing countries?
(a) Asian Infrastructure Investment Bank (AIIB)
(b) Organisation of the Petroleum Exporting Countries (OPEC)
(c) Asian Development Bank (ADB)
(d) World Trade Organization (WTO)
(e) International Development Association (IDA)

Q9. On July 15th, 2014 at the sixth summit in Fortaleza, Brazil the member countries signed the Articles for the New Development Bank (NDB). What is the authorised capital of NDB?
(a) USD 200 billion
(b) USD 300 billion
(c) USD 500 billion
(d) USD 100 billion
(e) None of the given options is true

Q10. The first Board of Governors meeting of the BRICS New Development Bank was held in ____________ on July 7th, 2015 where the Bank formally came into existence as a legal entity.
(a) Manaus, Brazil
(b) Moscow, Russia
(c) Pretoria, South Africa
(d) New Delhi, India
(e) Beijing, China

ANSWERS :

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

Important Note:

To receive the fastest updates on Bank Exams like IBPS, SBI, RBI, IPPB, etc. as well as all other ongoing as well as forthcoming exams, kindly subscribe to our website. All you have to do is enter your email in the pop-up that appears on the website when you first enter it on the home page. Once you’re subscribed, you will receive all the latest updates concerning all competitive exams.

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Q1. Who is the first Governor of RBI?
(a) C.D.Deshmukh
(b) James Braid Taylor
(c) Osborne Smith
(d) Raghuram Rajan
(e) None of the given options is true

Q2. Scheduled Banks of India are those banks, which are?
(a) Included in First Schedule of RBI Act, 1934
(b) Not included in First Schedule of RBI Act, 1934
(c) Included in Second Schedule of RBI Act, 1934
(d) Not included in Second Schedule of RBI Act, 1934
(e) None of the given options is true

Q3. Which is not an Associate Bank of SBI?
(a) State Bank of Bikaner & Jaipur
(b) State Bank of Travancore
(c) State Bank of Mysore
(d) State Bank of Rajasthan
(e) None of the given options is true

Q4. Which of the following bank is not a private sector bank in India?
(a) Federal Bank
(b) Yes Bank
(c) IndusInd Bank
(d) UCO Bank
(e) None of the given options is true

Q5. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)?
(a) ING Vysya Bank
(b) Karur Vysya Bank
(c) Lakshmi Vilas Bank
(d) Jammu and Kashmir Bank
(e) None of the given options is true

Q6. RBI was established (April 1, 1935) under which of the following Acts?
(a) Reserve Bank of India Act, 1934
(b) Reserve Bank of India Act, 1926
(c) Banking Regulation Act, 1949
(d) Negotiable Instrument Act, 1881
(e) None of the given options is true

Q7. Who was the first Indian governor of RBI?
(a) Osborne Smith
(b) C D Desmukh
(c) James Taylor
(d) Bimal Jalan
(e) None of the given options is true

Q8. In which year RBI was nationalized?
(a) 1955
(b) 1949
(c) 1947
(d) 1980
(e) None of the given options is true

Q9. Which one of the following rates is not decided by RBI?
(a) Repo rate
(b) Base rate
(c) Bank rate
(d) MSF
(e) None of the given options is true

Q10. Every bank wishing to commence banking business in India is required to obtain a licence from?
(a) Government of India, Ministry of Finance
(b) Government of India, Company Law Board
(c) Reserve Bank of India
(d) Registrar of Companies
(e) None of the given options is true

ANSWERS :

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

Important Note:

Problems on ages Quiz For IBPS PO / SBI PO 2017

Q1. Six years ago, the respective ratio between the ages of Sia and her father that time was 1 : 7. The difference between the age of Sia’s father and Sia is 36 yr. What will be Sia’s age 5 yr from now?

(a) 13 yr

(b) 15 yr

(d) 17 yr

(e) 19 yr

Q2. The total present age of P and Q is 25 yr more than the present age of R. If at present Q is 5 yr older than R, what is P’s present age (in years)?

(a) 20

(b) Data provided are not adequate to answer the question

(d) 35

(e) 30

Q3. The respective ratio between the present ages of Parag and Sapna is 21 : 19. Six years ago, the respective ratio between their ages was 9 : 8. How old is Lina, if her present age is 12 yr less than Sapna’s present age?

(a) 38 yr

(b) 28 yr

(d) 30 yr

(e) 42 yr

Q4. The sum of the ages of 4 members of a family 5 yr ago was 94 yr. Today, when the daughter has been married off and replaced by a daughter-in-law, the sum of their ages is 92. Assuming that there has been no other change in the family structure and all the people are alive, what is the difference between the age of the daughter and that of the daughter-in-law?

(a) 22 yr

(b) 11 yr

(d) 19 yr

(e) 15 yr

Q5. The respective ratio between the present ages of Ram and Rakesh is 6 : 11. Four years ago, the ratio of their ages was 1 : 2, respectively. What will be Rakesh’s age after five years?

(a) 45 yr

(b) 29 yr

(d) Cannot be determined

(e) None of these

Q6. Radha’s present age is three years less than twice her age 12 yr ago. Also, the respective ratio between Raj’s present age and Radha’s present age is 4 : 9. What will be Raj’s age after 5 yr?

(a) 12 yr

(b) 17 yr

(d) Cannot be determined

(e) None of these

Q7. The respective ratio of the present ages of a mother and daughter is 7 : 1. Four years ago, the respective ratio of their ages was 19 : 1. What will be the mother’s age four years from now?

(a) 42 yr

(b) 38 yr

(d) 36 yr

(e) None of these

Q8. The ratio between the ages of a father and a son at present is 5 : 2, respectively. Four years hence, the ratio between the ages of the son and his mother will be 1 : 2, respectively. what is the ratio between the present ages of the father and the mother respectively?

(a) 3 : 4

(b) 5 : 4

(d) Cannot be determined

(e) None of these

Q9. The respective ratio of the present ages of Swati and Trupti is 4 : 5. Six years hence, the respective ratio of their ages will be 6 : 7. What is the difference between their ages?

(a) 2 yr

(b) 3 yr

(d) Cannot be determined

(e) None of these

Q10. Ram’s present age is three times his son’s present age and two-fifth of his father’s present age. The average of the present ages of all of them is 46 yr. What is the difference between the Ram’s son’s present age and Ram’s father’s present age?

(a) 68 yr

(b) 88 yr

(d) Cannot be determined

(e) None of these

Q11. The respective ratio of the ages of Anubha and her mother is 1 : 2. After 6 yr, the ratio of their ages will be 11 : 20. 9 yr before, what was the respective ratio of their ages? (a) 3 : 5

(b) 2 : 7

(d) 2 : 5

(e) None of these

Q12. The age of Bhakti and Neil are in the ratio of 8 : 7, respectively. After 6 yr, the ratio of their ages will be 19 : 17. What is the difference in their ages?

(a) 4 yr

(b) 8 yr

(d) 12 yr

(e) None of these

Q13. The ages of Sulekha and Arunima are in the ratio of 9 : 8, respectively. After 5 yr, the ratio of their ages will be 10 : 9. What is the difference in years between their ages?

(a) 4 yr

(b) 5 yr

(d) 7 yr

(e) None of these

Q14. Present age of Jyoti is 4 times the age of Sania. After 12 yr, Jyoti will be 3 times as old as Sania. What is the present age of Sania?

(a) 28 yr

(b) 24 yr

(d) 16 yr

(e) None of these

Q15. If Ajay is as much elder than Vijay as he is younger to Kunal and sum of ages of Vijay and Kunal is 36 yr. Find the age of Ajay.

(a) 18 yr

(b) 24 yr

(d) 16 yr

(e) None of these

ANSWERS :

S1. Ans.(d)

Sol. Let age of Sia 6 yr ago = x yr

And his father’s age will be = 7x yr

Present age of Sia = x + 6 yr

Present age of Sia’s father = 7x + 6 yr

According to question,

(7x + 6) - (x + 6) = 36

7x + 6 - x - 6 = 36

6x = 36

x = 6yr

Sia’s age after 5 yr from now

= x + 6 + 5

= 6 + 6 + 5

= 17 yr

S2. Ans.(a)

Sol. Present ages of P and Q = R + 25

∴ P + Q = R + 25 …(i)

According to the question,

Q = R + 5

Putting value of Q in equation (i) we get

P + R +5 = R + 25

∴ P = 25 - 5

= 20 yr

Hence, P’s present age = 20 yr

S4. Ans.(a)

Sol. Sum of the ages of the 4 members in a family 5 yr ago was 94 yr.

Now, sum of present ages of family

Member = 94 + 5 × 4 = 114 yr

When the daughter is replaced by

Daughter in law, then the sum of family member’s ages = 92 yr

∴ Required difference in age of daughter and the daughter-in-law

= 114 - 92 = 22 yr

S8. Ans.(d)

Sol. Suppose the ages of father and son are 5x yr and 2x yr

After four years, the age of son

= (2x + 4) yr

After four years, the age of mother

= (4x + 8) yr

So, the present age of mother

= (4x + 4) yr

Ratio of the age of father and mother

= 5x : 4x + 4

Since, data is insufficient, so cannot be determined.

S13. Ans.(b)

Sol. Let the ages of Sulekha and Arunima

be 9x yr and 8x yr, respectively.

According to the question,

⇒ 81x + 45 = 80x + 50

⇒ x = 50 - 45

∴ x = 5

Required difference = 9 × 5 - 8 × 5

= 45 - 40 = 5 yr

Important Note:

Simply Learning for Bank Exam

Friday, 24 March 2017

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Sunday, 5 March 2017

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Monday, 13 February 2017

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Friday, 10 February 2017

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Tuesday, 7 February 2017

Problems on ages Quiz For IBPS PO / SBI PO 2017

Categories

Blog Archive

Popular Posts

About Us

Total Pageviews

Labels

Simply Learning for Bank Exam

Friday, 24 March 2017

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Sunday, 5 March 2017

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Monday, 13 February 2017

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Friday, 10 February 2017

Banking Awareness Quiz for IBPS PO / SBI PO 2017

Tuesday, 7 February 2017

Problems on ages Quiz For IBPS PO / SBI PO 2017

Categories

Blog Archive

Popular Posts

Subscribe to Newsletter