LIC AAO Exam General Awareness and Current Affairs Solved Paper (Exam Held On: 22-03-2015)

1. The United Nations University established in 1973 is the academic and research arm of the United Nations.  It is headquartered in–
(a) New York, USA (b) Washington DC, USA 
(c) Tokyo, Japan (d) Geneva, Switzerland 
(e) Manila, Philippines (Ans : c)

2. Shri Narendra Singh Tomar, the Union Minister for Mines and Steel is a Member of Parliament from the Indian State of–
(a) Bihar (b) Maharashtra (c) Rajasthan 
(d) Madhya Pradesh (e) Chattisgarh (Ans : d)

3. PM Shri Narendra Modi has recently dedicated to the nation two units, each of 600 MW of the Shree Singaji Thermal Power Plant in–
(a) Ujjain District (b) Khandwa District (c) Ratlam District 
(d) Bhopal District (e) Indore District (Ans : b)

4. The committee recently set up by the Central Government to interact with industry on tax laws to give recommendations to CBDT and CBEC for issuance of clarifications when necessary, is headed by–
(a) Arvind Goswami (b) Arvind Subramaniam (c) Arvind Mayaram 
(d) Vijay Kelkar (e) Ashok Lahiri (Ans : e)

5. According to the Public Enterprises Survey recently tabled in Parliament, the most profitable Public Sector Enterprise during 2013-2014 was–
(a) BSNL (b) ONGC (c) NTPC (d) NMDC (e) NPCL (Ans : b)

6. In terms of the Motor Vehicle Agreement signed between the two countries during the recent 18th SAARC Summit at Nepal, a direct bus service has recently been launched in March 2015 between Varanasi and–
(a) Lahore, Pakistan (b) Kathmandu, Nepal (c) Thimphu, Bhutan 
(d) Kabul, Afghanistan (e) Dhaka, Bangladesh (Ans : b)

7. The 'Armed Forces Flag Day' is observed every year on the– 
(a) 26th October (b) 21st November (c) 18th December 
(d) 7th December (e) 21st September (Ans : d)

8. 'Vishu' is the New Year day and a Hindu festival celebrated in the Indian State of–
(a) Karnataka (b) Goa (c) Telangana (d) Odisha (e) Kerala (Ans : e)

9. Sushil Kumar is associated with the sports of–
(a) Tennis (b) Basketball (c) Football (d) Wrestling (e) Golf (Ans : d)

10. The 'Shwedagon Pagoda' also known as 'Great Dagon Pagoda' and the 'Golden Pagoda' is situated in–
(a) Mumbai, India (b) Tokyo, Japan (c) Yangon, Myanmar 
(d) Kyoto, Japan (e) Thimphu, Bhutan (Ans : c)

11. The capital of the Myanmar is– 
(a) Thimphu (b) Putrajaya (c) Langkawi (d) Naypyidaw (e) Punakha (Ans : d)

12. The World's largest and tallest Indian National flag was recently unfurled in–
(a) Faridabad (b) Gurgaon (c) Kamal (d) Ghaziabad (e) Panipat (Ans : a)

13. As per 2011 census, the total number of children in the age-group 0-6 years was–
(a) 185. 8 million (b) 198. 8 million (c) 221. 8 million 
(d) 189. 8 million (e) 158. 8 million (Ans : e)

14. 'G.  Karthikeyan', who recently passed away at Bengaluru was the speaker of the Legislative Assembly of–
(a) Karnataka (b) Kerala (c) Telangana (d) Tamil Nadu (e) Andhra Pradesh (Ans : b)

15. In the budget for 2015-2016, the Finance Minister Shri Arun Jaitley has proposed to set up a centre for film production, animation and gaming in the State of–
(a) Haryana (b) Meghalaya (c) Andhra Pradesh 
(d) Jammu and Kashmir (e) Arunachal Pradesh (Ans : e)

16. The film 'Ida' named as the 'Best Foreign Language Film' at the 87th Academy Awards 2015 is– 
(a) a Polish drama film (b) a French family drama film 
(c) an American comedy film (d) a Russian short story film 
(e) a British documentary film (Ans : a)

17. Sun Pharmaceutical Industries, India's largest drug maker, has recently announced that it would acquire the oplates business of British drug maker Glaxo Smith Kline(GSK) in–
(a) Europe (b) USA (c) New Zealand (d) Asia (e) Australia (Ans : e)

18. The first woman to be appointed as a Director on the board of Reliance industries- the nation's largest private sector company is– 
(a) Tina Anil Ambani (b) Meera Sanyal (c) Nita Mukesh Ambani 
(d) Usha Thorat (e) Kokilaben Ambani (Ans : c)

19. The Lok Sabha recently passed the Insurance Laws (Amendment) Bill, 2015, that proposes to raise the foreign investment cap in the insurance sector from 26 percent to–
(a) 69 percent (b) 51 percent (c) 59 percent (d) 55 percent (e) 49 percent (Ans : e)

20. Who amongst the following has recently been elected as the new President of BCCI ? 
(a) N. Srinivasan (b) Rajiv Shukla (c) Sanjay Patel 
(d) Jagmohan Dalmiya (e) Anurag Thakur (Ans : d)

21. 880 MW Kaiga Atomic Power Plant is situated near the river Kali in the Indian State of–
(a) Tamil Nadu (b) Kerala (c) Andhra Pradesh (d) Karnataka (e) Maharashtra (Ans : d)

22. The currency of the 'Republic of South Africa' is–
(a) Rand (b) Rial (e) Ruble (d) Riyal (e) Rial (Ans : a)

23. 'Fugdi' is a traditional folk dance popular in the Indian State of– 
(a) Goa (b) Bihar (c) Odisha (d) Chattisgarh (e) Gujarat (Ans : a)

24. The 'CNSA' is the national space agency of–
(a) Soviet Union (b) Republic of Singapore (c) Russian Federation 
(d) People's Republic of China (e) United States of America (Ans : d)

25. In the recent Union Budget 2015, the Union Minister of Finance has proposed to support the 'Paramparagat Krishi Vikas Yojana' which aims to boost– 
(a) Floriculture Production (b) Drip Irrigation (c) Watershed Development 
(d) Minor Irrigation (e) Organic Farming (Ans : c)

26. The RBI has recently allowed Indians to carry high value denomination notes while travelling to Nepal and Bhutan within a limit of–
(a) Rs. 20,000/- (b) Rs. 30,000/- (c) Rs. 35,000/- 
(d) Rs. 25,000/- (e) Rs. 40,000/- (Ans : d)

27. Reliance infrastructure with its wholly-owned subsidiary Reliance Defence Systems Private Ltd.  has.  recently announced the acquisition of Pipavav Defence Company Limited based in–
(a) Tamil Nadu (b) Maharashtra (c) Goa (d) Kerala (e) Gujarat (Ans : b)

28. Tile abbreviation 'CSR' stands for– 
(a) Collective Social Responsibility (b) Collective Shared Responsibility 
(c) Corporate Social Responsibility (d) Corporate Shared Responsibility 
(e) Commercial Shared Responsibility (Ans : c)

29. For highlighting women's safety, the National Insurance of gender justice has recently honoured film actress–
(a) Rani Mukherji (b) Vidya Balan (c) Jaya Bachchan 
(d) Priyanka Chopra (e) Hema Malini (Ans : a)

30. The global meet on countering Violent Extremism was recently held in–
(a) London, UK (b) New York, USA (c) Washington, USA 
(d) Ottawa, Canada (e) Paris, France (Ans : c) 

GENERAL AWARENESS PRACTICE QUESTIONS FOR ALL BANK EXAMS

1. Union government on 23 June 2015 promised to inject about ........ into stateowned banks in 2015-16?
1) $ 3 billion
2) $ 3.5 billion
3) $ 1.5 billion
4) $ 1 billion
5) $ 4 billion

2. RBI has extended the date to exchange pre- 2005 bank notes till...
1) August 1st 2015
2) July 31st 2015
3) December 31st 2015
4) January 31st 2016
5) June 30th 2016

3. The Lok Sabha on 13 May cleared the Negotiable Instruments (Amendment) Bill, 2015. It provides that cases of bouncing of cheques can be filed only in a court in whose jurisdiction the .....
1) drawer bank head office lies.
2) bank branch of the Drawer (person who issues the cheque) lies.
3) all cases transferred to Mumbai, as RBI has headquarters there.
4) payee bank's headquarters lies.
5) bank branch of the payee (person who receives the cheque) lies.

4. Since 2010, which financial regulator has been conducting Consumer Confidence Survey (CCS) on a quarterly basis to gauge economic conditions and employment prospects?
1) SEBI
2) NABARD
3) CRISIL
4) RBI
5) IBPS

5. White label operator, Tata Communications Payment Solutions partnered with ......, a payment technology provider, to set up more ATM services in rural unbanked regions.
1) Oxygen
2) Vodafone
3) FINO PayTech
4) FARGO
5) None

6. RBI on 9 June 2015 said Indian corporate eligible to raise ECB are permitted to issue Rupee linked bonds overseas. ECB stands for ........
1) End Commercial Borrowings
2) External Core Borrowings
3) External Commercial Borrowings
4) External Commercial Benefits
5) None

7. Which bank issued first 'contactless' debit and credit cards, enabling its customers to make electronic payments by just waving the cards near the merchant terminal in lieu of dipping or swiping them in India?
1) SBI
2) Andhra Bank
3) ICICI
4) Allahabad Bank
5) Union Bank of India

8. The RBI has relaxed 2-factors authentication norms for contactless cards upto Rs.2,000 using NFC enabled credit and debit cards. Which of the following statements correct?
1) Customers can now make payments up to Rs.2,000 using NFC enabled credit and debit cards without punching the password at any retail outlet.
2) Beyond this transaction limit, the card has to be processed as a contact payment and authentication and PIN will be mandatory.
3) These rules will not be applicable to ATM transactions irrespective of transaction value and Card Not Present transactions (CNP).
4) NFC stands for Near Field Communication
5) All of above

9. Which of the following statement is wrong?
1) 'Tap and pay' refers to the use of Near Field Communication (NFC) technology, enabling users to
make payments by waving or tapping the card near the contactless reader.
2) Customers may look for the 'contactless' logo on the card.
3) Contactless POS are different from Ordinary POS.
4) POS stands for Point of Sales Terminal.
5) None

10. First contactless card in the world issued by ...........
1) Barclays Bank in 2008
2) Standard Chartered Bank in 2009
3) ICICI Bank in 2015
4) UBI in 2014
5) None

11. Which is the first commercial bank in India initiated to have Television Banking (TVB), avail the banking information on TV screens. This enable TV viewers to access information of Bank's services and products,
from the convince of their homes?
1) SBI
2) Corporation Bank
3) ICICI
4) Canara Bank
5) Tamilnadu Mercantile Bank Limited

12. New Development Bank (NDB) details given. Locate the wrong option.
1) The decision to set up this bank was taken at the 5th BRICS summit held in Durban, South Africa in 2013.
2) The bank headquarters is in Shanghai, China.
3) It is being seen as an alternative to the existing US-dominated World Bank and International Monetary Fund.
4) Its total out lay $ 1000 billion.
5) India is active partner in the NDB.

13. First head of the New Development Bank is......
1) K.V. Kamath
2) Jim Yong Kim
3) Christine Lagarde
4) Kaushik Basu
5) Sunil Sabharwal

14. India's first multi social payment app 'Ping Pay' launched by .....
1) HSBC
2) Corporation Bank
3) SBI
4) Axis Bank
5) ICICI

15. From 1 April 2015, the Insurance Australia Group Ltd (IAG) increase its stake in SBI General Insurance (SBIGI) from 26 percent to .......
1) 49%
2) 35%
3) 85%
4) 74%
5) 100%

16. The IAP (Indian Academy of Pediatrics) Health Phone programme details given. The correct option is .......
1) It is a public private partnership initiative that is supported by Vodafone India.
2) The programme use mobile phones in the country to educate over six million girls and women between 13 and 35 years of age.
3) Vodafone will send out approximately 300 million text messages to its subscribers every year to promote the scheme.
4) Three-year campaign is expected to benefit the health of 60 million children in India born by 2025.
5) All of above

17. Union Minister of Women and Child Development is .......
1) Maneka Sanjay Gandhi
2) Najma A. Heptulla
3) Jagat Prakash Nadda
4) Chaudhary Birender Singh
5) Thaawar Chand Gehlot

18. Who was selected for the 28th Moorti Devi Award for the year 2014 for his book Vyomkesh Darvesh?
1) Bhalchandra Vanaji Nemade
2) Veerappa Moiley
3) Vishwanath Tripathi
4) Kedarnath Biswas
5) None of above

19. Moorti Devi Award declares by ......
1) K.K. Birla Foundation
2) TATA Foundation
3) Jnanpith Foundation
4) Dhirubhai Ambani Foundation
5) Melinda Gates Foundation

20. Which district was conferred with UN Public Service Award for 'Open Defecation Free' district in country on 26 June 2015?
1) Ernakulam in Kerala
2) Nellore in Andhra Pradesh
3) Nadia in West Bengal
4) Ladakh in Jammu and Kashmir
5) Hissar in Haryana

21. UNESCO - Guillermo Cano World Press Freedom Prize 2015 conferred on ...... a Syrian journalist and advocate. The award set up in 1997.
1) Mazen Darwish
2) Edward Snowden
3) Taslima Nasreen
4) Salman Rushdie
5) None

22. UNESCO (United Nations Educational, Scientific and Cultural Organization) was established in ............
1) 1945
2) 1946
3) 1947
4) 1948
5) 1957

23. UNESCO headquarters is in ......
1) Paris
2) New York
3) Montreal
4) Geneva
5) Vienna

24. UNESCO chief .......
1) Irina Bokova
2) Anthony Lake
3) Raymond Benjiman
4) Margert Chan
5) Yukiya Amano

25. The 2015 National Geographic Bee Championship won by ......
1) Tine Valencic
2) Rahul Nagvekar
3) Sathwik Karnik
4) Akhil Rekulapelli
5) Karan Menon

26. UK Author Ali Smith won the 2015 Baileys Women's Prize for Fiction for her novel......
1) How to be Both
2) A Girl Is a Half-formed Thing
3) May We Be Forgiven
4) The Song of Achilles
5) None

27. 'Order of the Rising Sun, Gold and Silver Star' conferred on ........
1) Ajith Doval
2) Arvind Subramaniam
3) G.Satish Reddy
4) S.Ramadorai
5) C.N.R.Rao

28. Who was conferred with the Columbia's highest civilian award Orden de la Democracia Simon Bolivar en el grado de cruz Caballero (Order of the Democracy Simon Bolivar) by Columbia?
1) Jaggi Vasudev
2) Baba Ramdev
3) Ravi Shankar
 4) Jayendra Saraswathi
5) Swami Rambhadracharya

29. Ravi Shankar is the founder of .....
1) Isha Foundation
2) Patanjali Foundation
3) Kanchi Kamakoti Peetham
4) Art of Living Foundation
5) Chitrakoot Ashram

30. Man Booker International Prize get cash prize ........... awarded to a living author.
1) $ 90,000
2) £ 30,000
3) £ 60,000
4) £ 70,000
5) £ 20,000

31. For which book Aravind Adiga won the Man Booker International Prize 2008?
1) White Tiger
2) Half Girlfriend
3) The Monk Who Sold His Ferrari
4) Malgudi Days
5) Wings of Fire

32. For which book Kiran Desai won the Man Booker International Prize 2006?
1) The Inheritance of Loss
2) India Wins Freedom
3) The Insider
4) Wings of Fire
5) Without Fear: The Life and Trial of Bhagat Singh

33. Arundhati Roy got Man Booker International Prize 1997 for her book of .....
1) The God of Small Things
2) Coolie
3) The Golden Threshold
4) The Discovery of India
5) My Experiments With Truth

34. Which Indian Author nominated for Man Booker International Prize 2015?
1) Rohinton Mistry
2) U R Ananthamurthy
3) Amitav Ghosh
4) Mahasweta Devi
5) Salman Rushdie

35. Which Hungarian writer on 19 May 2015 won the prestigious Man Booker International Prize for 2015?
1) Sandor Weores
2) Peter Esterhazy
3) Laszlo Krasznahorkai
4) Mih·ly Vorosmarty
5)None

36.  The highest award in cinema Dadasaheb Phalke Award instituted in..
1) 1991
2) 1947
3) 1983
4) 1992
5) 1969

37.  'Sourav Ganguly: Cricket, Captaincy and Controversy' written by ......
1) Ranjan Sodhi
2) V.K. Naryan
3) Jeffrey Boycott
4) Saptarshi Sarkar
5) Dungarpur

ANSWERS:
1-1, 2-3, 3-5, 4-4, 5-3, 6-3, 7-3, 8-5, 9-3, 10-1
11-3, 12-4, 13-1, 14-4, 15-1, 16-5, 17-1, 18-3, 19-3, 20-3
21-1, 22-1, 23-1, 24-1, 25-5, 26-1, 27-5, 28-3, 29-4, 30-3
31-1, 32-1,33-1, 34-3, 35-3,36-5, 37-4

United India Insurance Company Ltd. Recruitment of 750 Assistant Posts

United India Insurance Company Limited has issued notification for the recruitment of Assistant vacancies. 

Post Details:
Assistant: 750 Posts (Andhra Pradesh: 24 Posts & Telangana: 26 Posts)

Age (as on 30.6.2015): Minimum Age- 18 years and Maximum Age- 28 years (as on 30.06.2015).

Qualification: Graduate or Pass in HSC / equivalent (12th pass) examination with 60% marks and knowledge of Regional Language i.e. Language of the State of Recruitment is essential.

Selection Process: Based on online examination, Interview & computer proficiency test.

How to Apply: Candidates may apply online through website.

Starting Date to Apply Online: 07.07.2015.
Last Date to Apply Online: 20.07.2015.
Tentative Date of Online Exam: 30.08.2015.

For Notification Click Here

GENERAL AWARENESS PRACTICE QUESTIONS FOR ALL BANK EXAMS

1. Institute for Economics and Peace (IEP) released Global Peace Index 2015 on June16, 2015. What is India’s rank?
1) 138
2) 134
3) 143
4) 139
5) 140

2. Which tennis legend was appointed the Ayurveda brand ambassador of Kerala on June 24, 2015?
1) Andre Agassi
2) Steffi Graf
3) Maria Sharapova
4) Boris Becker
5) Pete Sampras

3. Sheila Kaul passed away on June 13, 2015. She was a former Governor of?
1) Uttar Pradesh
2) Madhya Pradesh
3) Himachal Pradesh
4) West Bengal
5) Jharkhand

4. Mogens Lykketoft was elected as President of the United Nations General Assembly in June 2015. He belongs to?
1) UK
2) France
3) Italy
4) Denmark
5) Norway

5. Institute for Economics and Peace is headquartered in?
1) Sydney
2) Geneva
3) Berne
4) Manila
5) Oslo

6. The world’s first mangrove zoo will be set up in?
1) Tripura
2) Odisha
3) Manipur
4) Jharkhand
5) West Bengal

7. UNO declared 2015 as the International Year of?
1) Crystallography
2) Light and Light based Technologies
3) Yoga
4) Family Farming
5) Cooperatives

8. The first development financial institution in India is?
1) IDBI
2) Exim Bank
3) IFCI
4) SIDBI
5) ICICI

9. The world’s largest vertical maze, Maze Tower, is in?
1) Dubai
2) Kuala Lumpur
3) New York
4) Jakarta
5) Riyadh

10. Charlie Hebdo’s office was attacked by terrorists in January 2015. It is a satirical weekly magazine based in?
1) Spain
2) Germany
3) France
4) Hungary
5) Portugal

11. The 2017 women’s cricket world cup will be held in?
1) India
2) Australia
3) West Indies
4) England
5) New Zealand

12. Who won the 7th Chennai International Open Grandmaster chess tournament in January 2015?
1) Popov Ivan
2) Ramnath Bhuvanesh
3) R. Siddharth
4) Dzhumaev Marat
5) Mozharov Mikhail

13. Which of the following is a successor body of the General Agreement on Tariffs and Trade (GATT)?
1) World Bank
2) IMF
3) WTO
4) OECD
5) WEF

14. Which country was formerly known as Nyasaland?
1) Zambia
2) Tanzania
3) Mozambique
4) Malawi
5) Sudan

15. Which of the following organizations has seven members?
1) SAARC
2) NATO
3) BIMSTEC
4) OPEC
5) ASEAN

16. According to the ‘Status of Tigers in India 2014’ report what is the population of tigers?
1) 1706
2) 1411
3) 2226
4) 1909
5) 1826

17. India is home to what percent of the world’s tiger population?
1) 60%
2) 65%
3) 75%
4) 70%
5) 55%

18. Who was named as the Governor of the Year in the Central Banking Awards for 2015?
1) Ben Bernanke
2) Janet Yellen
3) Raghuram Rajan
4) Mark Carney
5) None of these

19. Which State got the National Award for e-Governance for the best district level initiative in India?
1) Haryana
2) Punjab
3) Sikkim
4) Gujarat
5) Jammu & Kashmir

20. Sukanya Samruddhi Account was launched by the Prime Minister Narendra Modi on
January 22, 2015 from?
1) Ambala
2) Panipat
3) Hissar
4) Karnal
5) Faridabad

21. India’s foreign direct investment increased by what per cent in 2014, as per a UN report released in January 2015?
1) 26%
2) 30%
3) 14%
4) 18%
5) 20%

22. Leander Paes and which of the following female tennis players won the 2015 Australian Open
Mixed Doubles title?
1) Kristina Mladenovic
2) Martina Hingis
3) Sania Mirza
4) Lucie Safarova
5) Simona Halep

23. Who won the women’s singles title of the Syed Modi International Masters Badminton tournament
in Lucknow on January 25, 2015?
1) Carolina Marin
2) P. V. Sindhu
3) Saina Nehwal
4) Li Xuerai
5) None of these

24. National Academy of Direct Taxes is located in?
1) Mumbai
2) Pune
3) Thane
4) Nagpur
5) Surat

25. The technique of inducing rain from cloud is called?
1) Cloud Control
2) Cloud Computing
3) Cloud Engineering
4) Cloud Seeding
5) None of these

26. Indian Statistical Institute was founded by?
1) R.C. Bose
2) J.M. Sengupta
3) R.R. Bahadur
4) P.C. Mahalanobis
5) C.R. Rao

27. Arihant is a?
1) Unmanned combat aerial vehicle
2) Multi barrel rocket launcher
3) Surface to air missile
4) Nuclear submarine
5) None of these

28. Baiji oil refinery is located in?
1) Iran
2) Iraq
3) Syria
4) Russia
5) Sudan

29. World Vitiligo Day is observed on?
1) June 25
2) June 26
3) June 23
4) June 24
5) June 28

30. Sukanya Samridhi Account will enable parents to open bank accounts of girls who are under?
1) 12 years
2) 15 years
3) 10 years
4) 18 years
5) 14 years

31. The Venture Capital Fund for Scheduled Castes was launched by the Union Ministry of?
1) Urban Development
2) Rural Development
3) Home
4) Finance
5) Social Justice and Empowerment

32. The 13th Foreign Ministers Meeting of the Russia-India- China trilateral was held in February 2015 in?
1) Beijing
2) Moscow
3) Yekaterinburg
4) New Delhi
5) Sochi

33. Which of the following is a 21- nation grouping of Pacific Rim countries?
1) ASEAN
2) SCO
3) EAS
4) BASIC
5) APEC

34. The first district in India to have complete rural broadband coverage is?
1) Ernakulam
2) Kollam
3) Idukki
4) Palakkad
5) Thrissur

35. Which country topped the list of 93 countries in the 2014 edition of Global Talent Competitive Index?
1) Switzerland
2) Singapore
3) Luxembourg
4) USA
5) Canada

36. What is India’s rank in the Global Talent Competitive Index that was released by the INSEAD Business School in January 2015?
1) 63
2) 78
3) 65
4) 67
5) 75

37. Yingluck Shinawatra was impeached by the Parliament in January 2015. She is the former Prime Minister of?
1) Cambodia
2) Laos
3) Thailand
4) Vietnam
5) Myanmar

38. Which country was the largest recipient of FDI in 2014?
1) China
2) USA
3) Singapore
4) Brazil
5) India

39. The Ra’ad is an air-launched cruise missile (ALCM) developed by?
1) Israel
2) Afghanistan
3) North Korea
4) Pakistan
5) Myanmar

40. Which of the following is the capital of Turkey?
1) Antalya
2) Istanbul
3) Izmir
4) Adana
5) Ankara

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

State Bank of India and Associate Banks clerical cadre exam General Awareness Solved Paper (Exam held on: 15-02-2015)

1. Jim Corbett National Park, India's oldest national park. It is located in the state of India, which of the following?
(A) HP, (b), Uttar Pradesh (c) Punjab (d) Uttarakhand (e) Arunachal Pradesh (Ans: d)

2. The disposal of complaints against the shortcomings of the services of banks, the RBI is not independent officer appointed following is-
(A) in each bank manager main complaint (b) CVO
(C) the appointment of such an officer is not (d) Banking Ombudsman
(E) Kmpiliyans Officer (Ans: d)

3. The capital of Denmark Forms
(A) Munich (b) Prague (c) Hamburg (d) Heisenberg (e) Copenhagen (Ans: e)

4. Which of the following assets in the bank's balance sheet?
(A) paid-up capital (b) of its savings deposits (c) investments in Government Securities
(D) the accrued Consolidated Fund (e) the current deposits (Ans: c)

5. The United Nations Cilderen Fund (UNCEF), is a program of the United Nations. For the development of babies and mothers in developing countries provides humanitarian assistance. Its headquarters in the following cities is-
(A) Geneva (Switzerland) (b) Paris (France) (c) of Vienna (Austria)
(D) New York (USA) (e) to Rome (Italy) (Ans: d)

6. 'Odyssey of My Life' book-the autobiography of the following persons
(A) Shivraj Patil (b) R. R. Patil (c) Sandeep Patil
(D) Smita Patil (e) Patil (Ans: a)

7. The Union Human Resource Development Minister, Smriti Irani, Indian Institute of Management in Andhra Pradesh (i. I. M.), The foundation laid in ..........
(A) to Tirupati (b) Nellore (c) Visakhapatnam
(D) Guntur (e) Vijayawada (Ans: c)

8. Tue 11 years ago on the surface of the planet 'Beagle 2', a space probe which was lost, he's got now. It was released in 2003 by .........
(A) the Soviet space program, (b) the Israeli Space Agency
(C) Japan Aerospace Exploration Agency (d) China National Space Admini-Streshn
(E) the European Space Agency (Ans: e)

9. Human-interest utilization of water resources and conservation to generate awareness month Government ......... "India Water Week 'celebrated.
(A) December 14 (b) February 15 (c) October 14
(D) January, 15 (e) November, 14 (Ans: d)

10. Very recently, men's tenth 'Savio Cup All India basketball tournament was won by the ..........
(A) Oil and Natural Gas Corporation (ONGC) (b) Indian Overseas Bank
(C) Hindustan Petroleum Corporation Limited. (D) Indian Oil Corporation Limited.
(E) State Bank of India (Ans: a)

11. More recently, Mr. Deepak Kumar Upadhyaya ......... Government has nominated ambassador to India.
(A) Mauritius (b) Nepal (c) Bhutan (d) Fiji (e) Maldives (Ans: b)

12. Every year the Indian Army Day is celebrated on ..........
(A) 15 March (b) 15 December (c) 15 January (d) 15 August (e) 15 October (Ans: c)

13. ......... protect animals to minimize economic losses of animal recently, 'the defense of Blue titled vaccine is released.
(A) foot-mouth virus Tongue (b) Blue Tongue virus (c) bird flu virus
(D) road, water disease (e) swine flu virus (Ans: b)

14. According to the 2011 census (0-6) had the sex ratio among children in the age group
(A) 1000 Knyayen than boys, 969 (b) 1000 939 Knyayen than boys
(C) 1000 Knyayen than boys, 919 (d) 1000 959 Knyayen than boys
(E) 1000 929 Knyayen than boys (Ans: c)

15. In India, developed and capable of carrying nuclear warheads "fearless called subsonic cruise missile capability is .......... kilometers.
(A) 1000 (b) 3700 (c) 700 (d) 1700 (e) 2700 (Ans: a)

16. Which of the following is the world's largest gold-producing country?
(A) Canada (b) China (c) Peru (d) Australia (e) Colombia (Ans: b)

17. Which of the following recent Central Board of Film Certification (CBFC) has been appointed the chairperson?
(A) Phlaj Nhlani (b) sky Nhlani (c) Shiba Nhlani
(D) Govind Nhlani (e) Dayal Nhlani (Ans: a)

18. Which of the following is not the primary function of a bank?
(A) deposit (Deposit) Acceptance (b) checks to clear
(C) information about a client's financial situation and perspective
(D) foreign trade subsidize (e) Loans and advances to (Ans: c)

19. According to the 2011 census, the total population of the economically active population had part
(A) 55.5% (b) 52.5% (c) 42.5% (d) 62.5% (e) 48.5% (Ans: d)

20. More recently, the weather satellite "Fengyon it off 'was followed by the launch ...........
(A) Japan (b) China (c) Russia (d) France (e) Germany (Ans: b)

21. Which of the following in India's financial system regulator (Regulator) it?
(A) options other than the
(B) SEBI (c) CRISIL (d) TRAN (e) CERC (Ans: b)

22. Shivalik, external Himalayan mountain range, the range is 2,400 km long and Arunachal Pradesh, West Bengal, Himachal Pradesh, Uttarakhand and passes through ..........
(A) Punjab (b) Uttar Pradesh (c) Haryana (d) Jammu and Kashmir (e) Rajasthan (Ans: a)

23. The abbreviation 'PLA' fully Forms
(A) Private Liberation Army (b) People's Liberation Armed Force
(C) Public Liberation Army (d) People's Liberation Army
(E) People's Liberty Army (Ans: d)

24. 'SARF AESI Act 2001', the following applies to the banking industry is-
(A) conditions of service of staff to legalistic
(B) the appointment of bank directors named
(C) other than the options
(D) Streamlining Dokumenteshn
(E) of outstanding loans to facilitate the use of security forces to Bsuli (Ans: e)

25. January 15, 2015 the RBI repo rate reduction of what percentage?
(A) 0.6 (b) 0.25 (c) 1.00 (d) 0.75 (e) 0.4 (Ans: b)

26. NASA's Goddard Institute for Space Studies in Manhattan, the earth's temperature, according to the records, the hottest year quotas by 1990
(A) 2001 (b) 2014 (c) 1997 (d) 2005 (e) 2010 (Ans: b)

27. 'Mohiniyttm', India is following state folk dance?
(A) Assam (b) Kerala (c) Orissa (d) Arunachal Pradesh (e) Telangana (Ans: b)

28. Micro-credit and micro-finance as a concept to provide the following Murtt check out who was decorated with the Nobel Prize?
(A) Professor Muhammad Yunus (b) the names of options other than
(C) Professor Amartya Sen (d) Jean Tirole (e) Professor Jagdish Bhagwati (Ans: a)

29. renminbi (Renminbi) following the country's currency is-
(A) China (b) Bulgaria (c) People's Republic of Korea
(D) Ethiopia (e) Banglods (Ans: a)

30. loans given by banks to exporters, "Export Credit" is called. In the event of any danger of falling exports are guaranteed by these is-
(A) EXIM Bank (b) the Ministry of Internal Trade, Goa (c) ECGC
(D) DICGC (e) other than the options (Ans: c)

31. An emerging web browser named 'Spertan' whose development has the following replacement for Microsoft Forms
(A) Safari (b) Opera (c) Internet Explorer
(D) Firefox (e) Chrome (Ans: c)

32. Lord Sri Krishna Manohar Parrikar Ministry .......... Union Cabinet minister.
(A) railway (b) Law and Justice (c) Steel and Mines
(D) immunity (e) Civil Aviation (Ans: d)

Of lending 33. Which of the following is the most secure way?
(A) Lien (b) Assignment (c) Pledge (d) Hypotheciation (e) Mortgage (Ans: e)

34. "Asian News International news agency headquartered in the following location is-
(A) Singapore (b), New Delhi (c) Rawalpindi (d) TOKYO (e) to Beijing (China) (Ans: b)

35. SCS entrepreneurship (Entrepreneurship) to encourage the government recently ........... 'Adventure fund for the SCs' has been established.
(A) Bihar (b) Uttar Pradesh (c) Rajasthan (d), Maharashtra (e) India (Ans: e)

36. A bank's deposit and loan ratio is called ..........
(A) Ankpikok Coverage ratio (b) return on assets ratio (c) Asset coverage ratio
(D) CD Ratio (e) other than the options (Ans: e)

37. 6 metropolitan cities of India, the Reserve Bank Rs. 65 million price for apartments .......... home-loan limit is determined.
(A) Rs. 47 million (b) Rs. 4.5 million (c) Cr. 42 million
(D) Rs. 50 million (e) of Rs. 41 million (Ans: d)

38. Which of the following Negotiable instrument (bill .....) it?
(A) a bank fixed deposits (b) any p. S. U. Shares issued by Certificate
(C) has been issued by a bank demand draft (d) debentures of a company
(E) the receipt of any airline-service company (Ans: c)

39. Which of the following sports lore Arunachal Pradesh Jimjang Deru just recently made his own national record to undermine?
(A) Boxing (b) archery (c) wrestling
(D) Athletics (e) Lifting (Ans: e)

40. Harvard-Smithsonian Center for Astrophysics, scientists recently, the discovery of planets with substantially similar to Earth. The naming of these planets is the name of ..........
(A) Kinstn Kinstn 410b and 440b (b) Kepler Kepler 438b and 442b
(C) Kirakon Kirakon 420b and 440b (d) litmus litmus 414b and 441b
(E) Lulin Lulin 410b and 421b (Ans: b)

SBI PROBATIONARY OFFICERS EXAM GENERAL AWARENESS PRACTICE MCQs

1. Loans given to small-scale and ancillary industries are treated as priority sector lending. Micro, Small and Medium Enterprises Development (MSMED) Act was passed in ...
1) 2010
2) 2006
3) 2009
4) 2004
5) 2008

2. As per MSMED Act, if an enterprise engaged in the manufacture or production, processing or preservation of goods a micro enterprise is an enterprise where investment in plant and machinery does not exceed .......
1) Rs.25 lakh
 2) Rs.12 lakh
3) Rs.5 lakh
4) Rs.15 lakh
5) Rs.1 lakh

3. On 29 April 2015, RBI set a target of ANBC (Adjusted Net Bank Credit) prescribed for Micro Enterprises, to be achieved in a phased manner i.e. 7 percent by
1) March 2019
2) March 2017
3) December 2016
4) April 2018
5) March 2016

4. A target of ANBC (Adjusted Net Bank Credit) has been prescribed for Micro Enterprises, to be achieved in a phased manner i.e. 7.5 percent by .......
1) March 2017
2) March 2018
3) Dec 2017
4) Jan 2019
5) None

5. The target of ANBC has been prescribed for Micro Enterprises, to be achieved in a phased manner i.e. 7 percent by March 2016 and 7.5 percent by March 2017 for domestic banks. What about this target for foreign banks where they have less than 20 branches in India?
1) The above targets to be achieved by March 2020.
2) The above targets to be achieved by March 2018.
3) The above targets to be achieved by March 2017.
4) The above targets to be achieved by March 2019.
5) No targets assigned for these banks.

6. A small enterprise is an enterprise where the investment in plant and machinery is more than Rs.25 lakh but does not exceed ....... If an enterprise engaged in the manufacture or production, processing or preservation of goods.
1) Rs.5 crore
2) Rs.3 crore
3) Rs.2 crore
4) Rs.15 crore
5) None

7. Medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed.... If an enterprise engaged in the manufacture or production, processing or preservation of goods.
1) Rs.50 crore
2) Rs.5 crore
3) Rs.10 crore
4) Rs.100 crore
5) None

8. As per MSMED Act 2006, if an enterprise engaged in providing or rendering of services and whose investment in equipment, it is a micro enterprise is an enterprise where the investment in equipment does not exceed ........
1) Rs.10 lakh
2) Rs.25 lakh
3) Rs.100 lakh
4) Rs.70 lakh
5) Rs.50 lakh

9. Small enterprise is an enterprise where the investment in equipment (in rendering of services) is more than Rs.10 lakh but does not exceed ........
1) Rs.10 crore
2) Rs.5 crore
3) Rs.1 crore
4) Rs.2 crore
5) Rs.20 crore

10. The medium enterprise is an enterprise where the investment in equipment (in rendering of services) is more than Rs.2 crore but does not exceed .........
1) Rs.10 crore
2) Rs.8 crore
3) Rs.50 crore
4) Rs.3 crore
5) Rs.5 crore

11. All loans to units in the KVI sector will be eligible for classification under the sub-target of 7
percent / 7.5 percent prescribed for Micro Enterprises under priority sector. KVI stands for .......
1) Khadi and Village Industries Sector
2) Khaki and Village Industries Sector
3) Khadi and Vicinity Industries Sector
4) Khadi and Village Infrastructure Sector
5) None of above

12. The credit outstanding under general credit cards also come under the 'other finance to MSMEs'. Here the general credit cards include ..........
1) Artisan Credit Card
2) Laghu Udyami Card
3) Swarojgar Credit Card
4) Weaver's Card
5) All of above

13. Prime Minister's Task Force on MSMEs headed by whom prescribed few targets for banks for lending to the Micro and Small Enterprise (MSE) sector?
1) T.K.A. Nair
2) Lakdawala
3) Sundarama Ganesan
4) Pradhymna Kumar
5) None

14. Ministry of MSME, Government of India and ........ set up the Credit Guarantee Fund Trust for Micro and Small Enterprises with a view to facilitate flow of credit to the MSE sector without the need for collaterals / third party guarantees.
1) RBI
2) IDBI
3) SIDBI
4) NABARD
5) None

15. A viable / potentially viable unit may apply for a debt restructuring if it shows early stage of sickness. It is called .........
1) debt restructuring of advances
2) debt cancellation of advances
3) debt trapping
4) debt postponement
5) None

16. RBI set guidelines on OTS for MSEs for settlement of their NPAs. OTS means ........
1) Order Time Settlement Scheme
2) One Take Settlement Scheme
3) One Time Settlement Scheme
4) One Time Score Scheme
5) None

17. RSETIs set up to provide training for MSE (Micro and Small Entrepreneurs). RSETI means .......
1) Rural Self Empowerment Training Institutes
2) Rural School Employment Training Institutes
3) Rural Study Employment Training Institutes
4) Regular Self Employment Training Institutes
5) None

18. Banks also provide assistance to the MSE entrepreneurs through their FLC. FLC stands for ........
1) Front Literacy Centre
2) Financial Literacy Centre
3) First Literacy Centre
4) Fourth Literacy Centre
5) None

19. Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. As per this act within a maximum of how many days, the buyers have to make the payments for the goods and services received by them from Micro, Small Enterprises?
1) 15 days
2) 30 days
3) 10 months
4) 2 weeks
5) 100 days

20. Union Cabinet on 30 May 2015 has given its approval for MOU between India and ...... on cooperation in the field of Micro, Small and Medium Enterprises.
1) Sweden
2) Norway
3) Austria
4) Sri Lanka
5) USA

21. On 1 June 2015, which nation has unveiled the world's first facial recognition ATM?
1) USA
2) UK
3) Israel
4) India
5) China

22. Which bank on 29 May 2015 launched an Online Customer Acquisition Solution (OCAS)?
1) ICICI
2) IndusInd bank
3) SBI
4) Kotak Bank
5) HDFC

23. Finance Minister Arun Jaitley has inaugurated New Bank Note Paper Line of 6000 MT capacity at ....... on 30 May 2015.
1) Hoshangabad, MP
2) Nashik, Maharashtra
3) Kochi, Kerala
4) Chennai, Tamilnadu
5) Shimla, HP

24. Your portfolio contains 85 percent stocks, 10 percent bonds, and 5 percent cash. Experts would agree that your portfolio is ...
1) Moderate
2) Simple
3) Soft
4) Zero
5) Aggressive

25. India’s first television channel Kisan Channel dedicated to farmers by PM on 27th May 2015. The channel belongs to .....
1) Zee
2) Sony
3) Star Plus
4) Doordarshan
5) ETV

26. Nelong Valley opened for tourists on 21 May 2015. It is in ........
1) Jharkhand
2) MP
3) Kerala
4) Uttarakhand
5) Gujarat

27. Valley of Flowers is a National Park located in West Himalaya, is in the state of .......
1) AP
2) Uttarakhand
3) Kerala
4) Tamilnadu
5) Haryana

28. The list of valleys in the world given. Locate the correct combination.
1) India - Damodar Valley
2) USA - Silicon Valley
3) Israel - Jordan Rift Valley
4) Pakistan - Swat Valley
5) All of above

29. ISIS captures Palmyra, the ancient city on 21 May 2015. It is in .......
1) Iraq
2) Afghanistan
3) Iran
4) Syria
5) None

30. ISIS stands for (terrorist organization)
1) Islamic State in Iran and Syria
2) Islamic State in Iraq and Somalia
3) Islamic Sovereignty in Iraq and Syria
4) Islamic State in Iraq and Syria
5) None of above

31. China has again termed the McMahon Line on the India - China boundary as illegal on 25 May 2015. With this, China has reaffirmed its claims on ........ which, it says, is a part of Southern Tibet.
1) Sikkim
2) Manipur
3) Arunachal Pradesh
4) Meghalaya
5) Assam

32. The Boundary Lines between nations given. Pick the wrong combination.
1) India and Pakistan - Radcliffe Line
2) Germany and Poland - Hindenburg Line
3) Germany and France - Maginot Line
4) Russia and Finland - Mannerheim Line
5) None

33. India and ........ signed a Joint Vision Statement on Defence Cooperation for the period 2015 - 20 recently.
1) USA
2) Japan
3) South Korea
4) Vietnam
5) Sweden

34. Who has been appointed as the new Chancellor of Nalanda University?
1) John Marshall
2) Meghnadh Desai
3) George Yeo
4) Goh Chok Tong
5) None of above

35. Arunachal Pradesh Governor is .......
1) Jyoti Prasad Rajkhowa
2) P.B. Acharya
3) Krishan Kant Paul
4) V. Shanmuganathan
5) Tathagata Roy

36. Who has been appointed as the new union Cabinet Secretary with effect from 13th June'15?
1) Nripendra Mishra
2) Ajit Seth
3) Pradeep Kumar Sinha
4) R.K. Mathur
5) L.C. Goyal

37. USA Secretary of state is ........
1) John Kerry
2) William Hague
3) Sergei Lavrov
4) Wang Yi
5) Hina Rabbani Khar

38. 'Nai Roshni' is the new scheme for ..........
1) Girl Child
2) Telling India is the destination for Manufacturing
3) BPL families to have no-frill accounts
4) Leadership scheme for Minority Women
5) People to participate in the online discussion of Twitter online account with government officials.

39. On 29 May 2015, NOFN proposed to increase the scope of the project that will entail three fold increase in cost to Rs.72,778 crore from about Rs.20,000 crore approved earlier. NOFN stands for...?
1) National Origin Fiber Network
2) National Original Fiber Network
3) Ninth Optical Fiber Network
4) National Optical FAB Network
5) National Optical Fiber Network

40.  What is the theme of the Sixth Edition of National Conference on Nuclear Energy?
1) Save Earth, Protect Nuclear Energy
2) Nuclear Energy for Sustainable approach
3) Nuclear Energy: a clean energy option
4) Nuclear Energy: Future Perfect
5) None of these

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

SBI PROBATIONARY OFFICERS EXAM GENERAL AWARENESS PRACTICE QUESTIONS

1. The Housing Loans also come under Priority Sector Lending (PSL). Why the housing also include in the Priority sector lending?
1) it boosts cement industry
2) it boosts electronics and electrical industry.
3) it provides employment to unorganized labour.
4) it is one of the basic needs of human being.
5) All of the above are the reasons to include housing loan under PSL

2. The housing loans consist of....
1) for the construction of a house.
2) repair (maintenance) and / or renewal of a house.
3) clearance of slums and rehabilitation of disaster-stricken masses to temporary refuge shelters
4) 1 & 2 only
5) All of above

3. On 23 April 2015, RBI revamps priority sector lending norms in the case of home loans. As per these norms loans of up to Rs.28 lakh to individuals in metropolitan centres willqualify as Priority Sector Lending, provided the overall cost of the dwelling unit is....
1) Rs.50 lakh
2) Rs.30 lakh
3) Rs.55 lakh
4) Rs.45 lakh
5) Rs.35 lakh

4. Employees' Provident Fund Organization (EPFO) and insurance firms will deploy ...... of their corpus towards home loans of up to Rs.25 lakh for low-cost housing.
1) 7%
2) 10%
3) 18%
4) 20%
5) 15%

5. India's largest mortgage lender is ...
1) SBI
2) Axis Bank
3) Corporation Bank
4) HDFC
5) ICICI

6. On 1 June 2015, 'Her Ghar Her Car' scheme launched by which bank, having an objective of reaching out to women in the country and empowering them to take decisions that can change the course of their family and society at large?
1) RBI
2) SBH
3) NHB
4) IDBI
5) SBI

7. HUDCO (Housing & Urban Development Corporation Limited) was established as a premier techno-financing company set up in 1970 by the Government of India to accelerate the pace of housing and urban development in the country. HUDCO has corporate office located at .....
1) Mumbai
2) Chennai
3) New Delhi
4) Calcutta
5) Hyderabad

8. Present Chairman of HUDCO is ....
1) Dr.M. Ravikanth
2) Mohammad Mustafa
3) M. S. Raghavan
4) Harsh Kumar Bhanwala
5) Kshatrapati Shivaji

9. EWS rural housing scheme for the land owning category Village abadi scheme including repairs offered by HUDCO. EWS stands for?
1) Educationally Weaker Sections
2) Economically Women Sections
3) Empowerment Weaker Sections
4) Entertainment Weaker Sections
5) Economically Weaker Sections

10. HUDCO has been striving to make 'Housing for All' a reality. It initiated RTO scheme to see that even a common man should have a house. What is the expansion of RTO?
1) Right To Own
2) Ring To Own
3) Rent To Own
4) Rough To Own
5) None of above

11. Union Minister for Urban Development, Housing and Urban Poverty Alleviation and Parliamentary Affairs is .......
1) M. Venkaiah Naidu
2) Thaawar Chand Gehlot
3) Jual Oram
4) Chaudhary Birender Singh
5) Narendra Singh Toma

12. Loan given for undertaking repairs, renovations and / or up gradation is called .....
1) Home Damage Loan
2) Home Improvement Loan
3) Home Custody Loan
4) Home Consumption Loan
5) All of above

13. Important statements of Bridge Loan in Home Loan given. Pick the wrong statement.
1) Bridge Loan also available in Home Loans.
2) It is designed for people who wish to sell the existing home and purchase another.
3) It helps finance the new home, until a buyer is found for the old home.
4) It is not available in Metro cities.
5) None

14. Balance Transfer Loan is the familiar term used in Bank Loans. How it helps the home loan buyer?
1) It transfer the loan of one person to another person by making personal contract.
2) This loan helps to clear an existing home loan by availing a new loan from another lender.
3) It helps the borrower to transfer his loan to his neighbours.
4) It transfers the loan from one bank to RBI. The customer pays rate of interest to RBI.
5) None

15. National Housing Bank (NHB) was set up on 9th July .......
1) 2005
2) 1994
3) 1991
4) 1988
5) 2000

16. For tracking prices of residential properties in India, who launched the index by name 'RESIDEX'?
1) NHB
2) NABARD
3) RBI
4) Syndicate Bank
5) None

17. On 2 March 2015, RBI included which filed loans as part of Priority Sector Lending?
1) sanitation
2) health care
3) drinking water
4) renewable energy
5) All of above

18. On 25 February 2015, RBI said ....... given to account holders under Jan Dhan Yozana come under Priority sector holding.
1) zero balance facility
2) free online facility
3) free passbook facility
4) free SMS facility
5) overdraft facility

19. RBI on 5 March 2015 eased the norms for home loans for up to ........ by allowing banks to include stamp duty and registration charges to the cost of a unit?
1) Rs.15 lakh
2) Rs.5 lakh
3) Rs.10 lakh
4) Rs.20 lakh
5) None

20. Full form of NECS ........
1) National Electronic Clearing Service
2) National Electrical Clearing Service
3) National Electronic Close Service
4) Ninth Electronic Clearing Service
5) None

21. AEBAS stands for..?
1) Aadhaar Enabled Biometric Attendance System
2) Attendance Enabled Biometric Apply System
3) Aadhaar Enabled Biometric Accuracy System
4) Aadhaar End Biometric Attendance System
5) None

22. Pick the wrong abbreviation used in Banking and Financial Sectors.
1) ADR - American Donation Receipts
2) CCIL - Clearing Corporation of India Ltd
3) CRISIL - Credit Rating Information Services of India Ltd
4) CBLO - Collateralized Borrowing and Lending Obligation
5) CPI - Consumer Price Index

23. First state implemented ABPS [Aadhaar Based Payment System] in country on 30 May 2015?
1) Himachal Pradesh
2) Haryana
3) Jammu and Kashmir
4) Odisha
5) Bihar

24. On 28 May 2015, a Mega Food Park was inaugurated at Nalbari in .......
1) Meghalaya
2) Manipur
3) Arunachal Pradesh
4) AP
5) Assam

25. 4th North East Youth Festival has celebrated in ......
1) Manipur
2) Meghalaya
3) Arunachal Pradesh
4) Assam
5) Tripura

26. On 22 May 2015, which state issued an ordinance for formation of a Commission for Forward Communities?
1) AP
2) Telangana
3) MP
4) Delhi
5) Kerala

27. On 28 May 2015, who was appointed as DRDO chief?
1) Arup Raha
2) Ajith Doval
3) Dalbir Singh Suhag
4) R.K. Dhowan
5) S. Christopher

28. Who was appointed as the scientific advisor to defence minister on 28 May 2015?
1) Manohar Parikar
2) Rao Inderjit Singh
3) G. Sateesh Reddy
4) Ajith Doval
5) Pranab Mukharjee

29. 68th Session of the World Health Assembly (WHA) at ..... between 18-27 May 2015.
1) Geneva
2) Rome
3) New York
4) Canberra
5) London

30. Which nation assumed the presidency of the 68th World Health Assembly (WHA)?
1) Canada
2) Thailand
3) India
4) China
5) South Africa

31. Union Minister of Health & Family Welfare is ........
1) Jagat Prakash Nadda
2) Harshavardhan
3) Maneka Gandhi
4) Rajnath Singh
5) Arun Jaitley

32. Who is the chief security advisor to PM?
1) S.Rama dorai
2) C.N.R.Rao
3) Ajith Doval
4) Aravind Subramaniam
5) None

33. Alok Kumar and Jitendra Kumar are appointed as the two advisors of ......
1) Niti Aayog
2) FM
3) Ministry of Defence
4) RBI
5) CBDT

34. On 1 June 2015, the Government has proposed to soon open 1000 more stores under the 'Jan Aushadhi Scheme'. The aim of the scheme is .......
1) to provide water to agriculture land
2) to provide skill training to rural youth
3) to provide pension to workers in unorganized sector
4) to provide life insurance to all at the nominal premium
5) to make available quality generic medicines at affordable prices through these special outlets

35. Prime Minister Narendra Modi has inaugurated the upgraded steel plant of IISCO (Indian Iron & Steel Company) that has the country’s largest blast furnace on 10 May 2015 at ........... in West Bengal?
1) Burnapur
2) Durgapur
3) Roorkela
4) Bhilai
5) Bokoro

36. National Green Tribunal (NGT) imposed a penalty of nearly Rs.140 crore on two builders constructing a Special Economic Zone (SEZ) on Bellandur wetlands. Where is the Bellandur wetlands?
1) Maharashtra
2) Kerala
3) Tripura
4) Karnataka
5) Tamil nadu

37. Lakes list given. Locate the wrong option.
1) Kolleru Lake - AP
2) Dal Lake - Haryana
3) Ulsoor or Halasuru - Karnataka
4) Ashtamudi Lake - Kerala
5) Sambhar Salt Lake - Rajasthan

38. In which Navy exercise, the two Indian naval ships, INS Satpura and INS Kamorta, have participated in the bilateral naval exercise with the Singapore Navy
1) GARUDA
2) INDRA
3) SURYA KIRAN
4) SIMBEX
5) MAITHRI

39. Union government on 15 May 2015 launched ....... . Award Scheme. The scheme is intended to encourage and incentivize Public Health Facilities (PHFs) in the country for maintaining the facilities clean and hygienic.
1) Kayakalp
2) Pravesthi
3) Shubratha
4) Manovikas
5) Parisuddh

40. On 31 May 2015, Deepika Kumari won bronze in Archery World Cup. The event held at Antalya in .......
1) USA
2) Saudi
3) India
4) Afghanistan
5) Turkey

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

GENERAL AWARENESS PRACTICE QUESTIONS FOR SBI P.O. EXAM

1. World Environment Day (WED) was celebrated on June 5, 2015. The theme for this year’s WED is?
1) Seven Billion Dreams. One Planet. Consume with Care
2) Small Islands and Climate Change
3) Think.Eat.Save
4) Many Species. One Planet. One Future
5) None of these

2. The Reserve Bank of India cut the repo rate on June 2, 2015 by 25 basis points. What is the present
repo rate?
1) 6.25 per cent
2) 7.25 per cent
3) 8.25 per cent
4) 8.5 per cent
5) 6.5 per cent

3. Ameenah Gurib-Fakim is the first woman President of?
1) Liberia
2) Benin
3) Mauritius
4) Gabon
5) Namibia

4. Who took over as Scientific Advisor to the Defence Minister Manohar Parrikar on June 4, 2015?
1) Bikash Bhattacharya
2) Tessy Thomas
3) M.P. Kaushik
4) G. Satheesh Reddy
5) Venkatnarayana Raju

5. Who won the prestigious DSC Prize for South Asian Literature 2015?
1) Neel Mukherjee
2) Amitav Ghosh
3) Anita Desai
4) Kiran Desai
5) Jhumpa Lahiri

6. Which bank launched ‘Digital Village’ project while adopting an entire village, Akodara in Gujarat on January 2, 2015?
1) SBI
2) Axis Bank
3) HDFC Bank
4) ICICI Bank
5) None of these

7. Edgar Lungu assumed office as the President of which of the following countries on January 25,
2015?
1) Somalia
2) Mali
3) Zambia
4) Sudan
5) South Sudan

8. Who took over as the Chairman of African Union in January 2015?
1) Robert Mugabe
2) Jacob Zuma
3) Goodluck Jonathan
4) Yoweri Museveni
5) None of these

9. Which of the following programmes made its way into the Guinness World Records in January
2015?
1) Swachh Bharat
2) Jan Dhan Yojana
3) Make in India
4) Digital India
5) None of these

10. A.B. de Villiers of South Africa smashed the fastest century in one day internationals against
which of the following countries in January 2015?
1) Sri Lanka
2) India
3) Bangladesh
4) Zimbabwe
5) West Indies

11. With regard to credit card or debit card, the abbreviation CVV stands for?
1) Card Virtual Valuation
2) Core Virtual Value
3) Card Vulnerability Value
4) Card Verification Value
5) None of these

12. Which of the following is India’s first credit information company?
1) CIBIL
2) CRISIL
3) ICRA
4) CARE
5) None of these

13. Which of the following countries is not a member of OPEC?
1) Algeria
2) Libya
3) Venezuela
4) Ecuador
5) Syria

14. Klaus Iohannis took over as the President of which of the following countries on December 21,
2014?
1) Switzerland
2) Germany
3) Romania
4) Albania
5) Serbia

15. Who is the first woman Director General of Civil Aviation (DGCA)?
1) Jyotsna Suri
2) M. Sathiyavathy
3) Anita Kapur
4) Nidhi Razdan
5) None of these

16. Bharat Heavy Electricals Limited (BHEL) commissioned 28 MW Nyaborongo Hydro Electric
Project in?
1) Zimbabwe
2) Kenya
3) Ethiopia
4) Rwanda
5) South Africa

17. Finance Industry Development Council (FIDC) is a self-regulatory organization for?
1) RRBs
2) Cooperative Banks
3) NBFCs
4) MFIs
5) Insurance companies

18. Identify the mismatched pair.
1) Hiroshima Day – August 6
2) Anti Tobacco day – May 31
3) Ozone day – September 16
4) Earth Day – March 21
5) AIDS Day – December 1

19. CP is an unsecured money market instrument issued in the form of a promissory note. In the abbreviation
CP, ‘P’ stands for?
1) Promissory
2) Paper
3) Portfolio
4) Position
5) Payment

20. Who is the author of the book ‘Born Again on the Mountain’?
1) Raha Moharrak
2) Bachendri Pal
3) Arunima Sinha
4) Prmlata Agarwal
5) None of these

21. Kolinda Grabar-Kitarovic is the first female President of?
1) Croatia
2) Latvia
3) Lithuania
4) Estonia
5) Bulgaria

22. Modibo Keita was appointed as the Prime Minister of which of the following countries in January
2015?
1) Uganda
2) Mali
3) Togo
4) Nigeria
5) Ghana

23. Which country won the Hopman Cup tennis tournament in Perth, Australia in January 2015?
1) USA
2) France
3) Poland
4) Great Britain
5) Australia

24. Who among the following won Padma Bhushan this year?
1) N. Gopalaswami
2) Subhash Kashyap
3) Harish Salve
4) Both 1 and 2
5) 1, 2 and 3

25. Mark Knowles was declared the 2014 International Player of the Year by the International Hockey Federation. He plays for?
1) Netherlands
2) Germany
3) Australia
4) Spain
5) UK

26. Who won the Ballon d’Or World Footballer of the Year in January 2015 for the second year in a row?
1) Lionel Messi
2) Neuer
3) James Rodriguez
4) Cristiano Ronaldo
5) Miroslav Klose

27. Who was chosen for the Vikram Sarabhai memorial award in January 2015?
1) G. Satheesh Reddy
2) Avinash Chander
3) M.Y.S. Prasad
4) K. Radhakrishnan
5) None of these

28. Who became the first woman to lead the Inter-Services Guard of Honor which was inspected by US President Barack Obama at Rashtrapati Bhavan on January 25, 2015?
1) Anjali Gupta
2) Pooja Thakur
3) Shalini
4) Deepika Misra
5) Karishma Sethi

29. Legendary cartoonist R.K. Laxman passed away in January 2015. He was the creator of?
1) Uncle Anu
2) Chacha Chaudhari
3) Amul girl
4) Common Man
5) Mungeri Lal

30. B.G. Verghese died recently. He was a renowned?
1) Actor
2) Director
3) Scientist
4) Hockey player
5) Journalist

31. James Rodriguez won the FIFA goal of the year award in January 2015. He plays for?
1) Uruguay
2) Colombia
3) Argentina
4) Peru
5) Brazil

32. A.S. Kiran Kumar is the?
1) Director of CBI
2) Director General of DRDO
3) Director of IB
4) Chairman of ISRO
5) None of these

33. Who was sworn in as the Prime Minister of Sri Lanka in January 2015?
1) Maithripala Sirisena
2) Mahinda Rajapakse
3) Ranil Wickramasinghe
4) Sarath Fonseka
5) None of these

34. Beji Caid Essebsi is the current President of?
1) Algeria
2) Tunisia
3) Nigeria
 4) Egypt
5) Morocco

35. Who won the Chennai Open men’s singles tennis title in Chennai in January 2015?
1) Aljaz Bedene
2) Jonathan Marray
3) Andy Murray
4) Leander Paes
5) Stanislas Wawrinka

36. Who among the following is not a Padma Vibhushan winner this year?
1) L.K. Advani
2) Dilip Kumar
3) M.R. Srinivasan
4) Veerendra Heggade
5) Rajat Sharma

37. With regard to WTO, what is the full form of TFA?
1) Trade Factoring Agreement
2) Trade Facilitation Agreement
3) Trade Fostering Agreement
4) Trade Featuring Agreement
5) None of these

38. Who won the London classic chess title in December 2014?
1) Michael Adams
2) Magnus Carlsen
3) Vladimir Kramnik
4) Viswanathan Anand
5) None of these

39. Olof Palme Human Rights Prize is given by which of the following countries?
1) Norway
2) Finland
3) Sweden
4) Iceland
5) Ireland

40. Shinzo Abe was reelected as the Prime Minister of which of the following countries in December 2014?
1) South Korea
2) North Korea
3) Philippines
4) Japan
5) Thailand

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

GENERAL AWARENESS PRACTICE QUESTIONS

1. Though ULIPs (Unit Linked Insurance Plan) are considered to be a better investment vehicle it has failed to capture the imagination of the retail investors in India because of which of the following reasons?

A.Regulatory jurisdictional fight between SEBI and IRDA

B. They don’t offer better tax benefits

C.They offer lesser returns compared to traditional insurance policies

D.All of the above

E. None of these

2.The Chameli Devi Jain Award is given for an outstanding woman ____?

A. Scientist

B. Reporter

C.Player

D.Teacher

E. None of these

3. HDFC bank has been named among 50 most valuable banks in 2014. It has got 45th rank. Wells Fargo & Co. has got first rank in this list. This bank belongs to which country?

A. USA

B. UK

C. European Union

D. France

E. None of these

4.The difference between the outflow and inflow of foreign currency is known as 

A.Foreign Exchange Reserves

B.Current Account Deficit

C.Fiscal Deficit

D.Balance of Payments

E. None of these

5.A commercial bank will launch a medium term note (MTN) programme to 

A.Provide loans

B.Raise Funds

C.Sell Equity

D.Purchase shares

E. None of these

6.Which among the following banks has launched the ‘Tatkal’, scheme that enables the people to transfer money to their families in their native towns and villages without actually opening an account?

A.State Bank of India

B.Bank of India

C.Canara Bank

D.Union Bank of India

E. Bank of Baroda

7. Who heads the National Ministerial Committee under the Architecture for Cash Transfers?

A.Prime Minister of India

B.Finance Minister

C.Food and Consumer Affairs Minister

D.Deputy Chairman, Planning Commission

E. None of these

8. Saumitra Chaudhuri committee has been appointed to recommend revisions to :

A.Wholesale Price Index

B.Consumer Price Index

C.Index of Industrial Production

D.Housing Develoment Index

E. None of above

9. Too much import of Gold by India adversely affects:

1. Trade Balance

2. Current Account Balance

3. Capital Account Balance

Choose the correct option from the codes given below:

A.1 & 2

B.2 & 3

C.1, 2 & 3

D.1 & 3

E. None of these

10.In which year, the Forward Contracts (Regulation) Act was enacted in India?

A.1950

B.1952

C.1962

D. 1975

E. 1978

Answers
1. A, 2. B, 3. A, 4. B, 5. B, 6. B, 7. A, 8. C, 9. A, 10. B

Kinds of Banks in India

The Financial Requirements in a modern economy are of a diverse nature, distinctive variety and large magnitude. These banks satisfy the various needs of people from every walk of life. The important kinds of banks mentioned below.

1. Commercial Banks: 
Commercial banks are established with an objective to help businessmen. These banks collect money from general public and give short-term loans to businessmen by way of cash credits, overdrafts, etc. Commercial banks provide various services like collecting cheques, bill of exchange, remittance money from one place to another place.
★ In India, commercial banks are established under Companies Act, 1956. In 1969, 14 commercial banks were nationalized by Government of India, and the nationalization continued later also. The policies regarding deposits, loans, rate of interest, etc. of these banks are controlled by the Central Bank/ supervisor banks in that nation.

2. Saving Banks: 
Saving banks are established to create saving habit among the people. These banks are helpful for salaried people and low income groups. The deposits collected from customers are invested in bonds, securities, etc. At present most of the commercial banks carry the functions of savings banks. Now a days the development
banks also discharging the functions of savings banks.

3. Land Mortgage or Land Development Banks: 
Land Mortgage or Land Development banks are also known as Agricultural Banks because these are formed to finance agricultural sector. They also help in land development. In India, Government has come forward to assist these banks. The Government has guaranteed the debentures issued by such banks.
There is a great risk involved in the financing of agriculture and generally commercial banks do not take much interest in financing agricultural sector.

4. The indigenous banking system: 
It was carried by the indigenous bankers like Shroffs, Seths, Sahukars, Mahajans, Chettis etc though they did not evolve the sound banking system in India.

5. Central / Federal / National Bank: 
Every country of the world has a central bank. In India, Reserve Bank of India, in U.S.A, Federal Reserve and in U.K, Bank of England. These central banks are the bankers of the other banks. They provide
specialized functions i.e. issue of paper currency, working as bankers of government, supervising and controlling foreign exchange. A central bank is a non-profit making institution. It does not deal with the public but it deals with other banks. The principal responsibility of Central Bank is thorough control on currency of a country.

6. Exchange Banks: 
Hong Kong Bank, Bank of Tokyo, Bank of America are the examples of Foreign Banks working in India. These banks are mainly concerned with financing foreign trade.
★ Following are the various functions of Exchange Banks:
1. Remitting money from one country to another country
2. Discounting of foreign bills
3. Buying and Selling Gold and Silver, and
4. Helping Import and Export Trade

7. Consumer Banks: 
Consumers bank is a new addition to the existing type of banks. Such banks are usually found only in advanced countries like U.S.A. and Germany. The main objective of this bank is to give loans to consumers for purchase of the durables like Motor car, television set, washing machine, furniture, etc. The consumers
have to repay the loans in easy installments.

8. Industrial / Development Banks:
 Industrial/ Development banks collect cash by issuing shares & debentures and providing longterm loans to industries. In the recent period they are also accepting cash deposits and lending. Development banks are specialized financial institutions. They provide medium and long-term finance to promote and develop important sectors like agriculture, industry, import-export, housing and allied activities. They provide finance to both private and public sector. Development banks are multipurpose financial institutions. To promote
Industries after independence, the institutions/ and banks like Industrial Finance Corporation of India (IFCI), Industrial Credit and Investment Corporation of India (ICICI) and Industrial Development Bank of India (IDBI) were established.
★ Development banking was started after the World War II. It provided finance to reconstruct the buildings and industries which were destroyed in the war.
★ In India, development banking was started immediately after Independence.

Model Questions:
1. The motto of commercial banks is ..........
1) helping the people
2) creating awareness among the people about banking
3) accept deposits only
4) to crush the interest of development banks
5) earning the profit

2. Which of the following function is not discharged by commercial bank?
1) issue negotiable instruments
2) provide the cash credit
3) doing the agriculture activity
4) provide the short term lending
5) None

3. Indian Commercial Banks are categorized into ..........
1) Public sector banks
2) Foreign banks
3) Private sector banks
4) All of the above
5) None

4. Largest commercial bank of the country is ..........
1) Bank of India
2) State Bank of India
3) Canara Bank
4) Union Bank of India
5) ICICI

5. Which department in India also authorized to run the savings bank, permitted by Government of India?
1) Shares and Securities department
2) Income tax department
3) Postal department
4) All of above
5) None

6. First Land Development Bank in India (LDB) was started at Jhang in ..........
1) 1920
2) 1940
3) 1945
4) 1975
5) None

7. List of Central banks given. Locate the wrong combination.
1) Russia - Central Bank of the Russian Federation - 1860
2) India - Reserve Bank of India - 1947
3) USA - Federal Bank - 1913
4) Switzerland - Central Bank of Swaziland- 1974
5) Pakistan - State Bank of Pakistan - 1948

8. Economic and Monetary Community of Central Africa - Bank of Central African States (Banque des Etats de l'Afrique Centrale, BEAC) was established in ..........
1) 1969
2) 1980
3) 1990
4) 2010
5) 1972

9. Bank of Central African States (BEAC) serves six Central African States. They are Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and ..........
1) South Africa
2) Gabon
3) Zimbabwe
4) Zambia
5) Kenya

10. Which of the following banks not categorized as development bank in India?
1) NABARD
2) SIDBI
3) Axis Bank
4) NHB
5) MUDRA Bank

11. Industrial Investment Bank of India (IIBI) was established in ..........
1) 1969
2) 1955
3) 2000
4) 1971
5) None

12. In order to rehabilitate the sick units in India, Industrial Reconstruction Corporation of India Ltd. (IRCI) set up in 1971. It was later reconstituted as Industrial Reconstruction Bank of India (IRBI) in ..........
1) 1981
2) 1989
3) 2010
4) 1985
5) 1982

13. To encourage the stream of Exports and Imports in India, the EXIM (Export - Import Bank of India) bank was established in 1982. Its present chairman is ..........
1) Raghuram Rajan
2) Ashok Chawla
3) U.K. Sinha
4) Arundhathi Bhattacharya
5) Yaduvendra Mathur

14.  On 8 April 2015, Narendra Modi launched the Micro Units Development Refinance Agency (MUDRA) Bank which will provide credit of up to Rs 10 lakh to .......
1) Large scale industries
2) Solar Industrial Units
3) Software parks
4) Fashion industries entrepreneurs
5) Small entrepreneurs

Answers:
1-5, 2-3, 3-4, 4-2, 5-3, 6-1, 7-2, 8-5, 9-2, 10-3
11-4, 12-4, 13-5, 14-5

Changing Role of Banks in India

Banks in India today have become more customer - focused and service-oriented than they were before 1991. The banks in India now give a lot of importance to their rural customers.
★ The following points briefly highlight the changing role of banks in India
1. Better customer service
2. Mobile banking facility
3. Bank on wheels scheme
4. Portfolio management
5. Issue of electro-magnetic cards
6. Universal banking
7. Automated Teller Machine (ATM)
8. Internet Banking
9. Encouragement to bank amalgamation
10. Encouragement to personal loans
11. Marketing of mutual funds
12. Social banking, etc.
★ The above - mentioned points indicate the role of banks in India is changing. Now let's discuss how banking in India is getting much better day after day.
Better Customer Service:
Before 1991, the overall service of banks in India was very poor. There were very long queues to receive payment for cheques and to deposit Cash. The banks were restricted to provide the better customer service in those days. Banks in India have now become very customer and service focus. Their service has become quick, efficient and customer - friendly. This positive change is mostly due to rising competition from new private banks and initiation of Ombudsman Scheme by RBI.
Mobile Banking:
Under mobile banking service, customers can easily carry out major banking transactions by simply using their cell phones or mobiles. Using secret credentials and registered phone, customer can now comfortably and securely, find his bank balance, transfer money from his account to another, ask for a cheque book, stop payment of a cheque, etc.
★ Today, almost all banks in India provide a mobile-banking service.
Bank on Wheels:
The 'Bank on Wheels' scheme was first introduced in the North - East Region of India. Under this scheme, banking services are made accessible to people staying in the remote areas of India. This scheme is a generous attempt to serve banking needs of rural India.
★ Portfolio Management: In this portfolio management, banks do all the investments work of their clients.
★ Banks invest their clients' money in shares, debentures, fixed deposits, etc. They first enter a contract with their clients and charge them a fee for this service. Then they have the full power to invest or disinvest their clients' money. However, they have to give safety and profit to their clients. Issue of Electro - Magnetic Cards Banks in India have already started issuing Electro - Magnetic Cards to their customers. These cards help to carry out cash - less transactions, make an online purchase, avail ATM facility, book a railway ticket, do shopping online etc. Banks issue many types of electromagnetic cards like Credit Cards, Debit Cards, Charge Cards, Kisan Credit Cards etc.
Universal Banking:
In India, the concept of universal banking has gained recognition after year 2000. The customers can get all banking and non-banking services under one roof. Universal bank is like a super store. It offers a wide range of services, including banking and other financial services like insurance, merchant banking, etc.
Automated Teller Machine (ATM):
There are many advantages of ATM. As a result, many banks have opened up ATM centres to offer convenience to their customers. Now banks are operating ATM centres not only in their branches (on site ATM) but also at public places like airports, railway stations, hotels, bazaars (off site ATM). Some banks have joined together and agreed upon to set up common ATM centres all over India.
Internet Banking
Internet banking is also called as an E - banking or net banking. Customer can do banking transactions through the medium of the internet or world wide web (WWW). The customer need not visit the bank's branch. Through this facility, the customer can easily inquiry about bank balance, transfer funds, request for a cheque book, etc. Most large banks offer this service to their tech-savvy customers.
Encouragement to Bank Amalgamation:
Failure of banks is well-protected with the facility of amalgamation. So depositors need not worry about their deposits. When weaker banks are absorbed by stronger banks, it is called amalgamation of banks. Encouragement to Personal Loans:
Today, the purchasing power of Indian consumers has increased dramatically because banks give them easy personal loans. Generally, interest charged by the banks on such loans is very high. Interest is calculated on reducing balance. The documentation is less and processing is fast in these loans.
Marketing of Mutual Funds:
A mutual fund collects money from many investors and invests the money in shares, bonds, short-term money market instruments, gold assets; etc. Mutual funds earn income by interest and dividend or both from its investments. It pays a dividend to subscribers. These funds are not insured like other bank deposits. There are different types of funds such as open-ended funds, closed-ended funds, growth funds, balanced funds, income funds, etc.
Social Banking:
The government uses the banking system to alleviate poverty and unemployment. Many
social development programmes are initiated by the banks from time to time. The success of these programmes depends on financial support provided by the banks. Banks supply a lot of finance to farmers, artisans, scheduled castes (SC) and scheduled tribe (ST) families, unemployed youth and people living below the poverty line (BPL) under social banking.

Model Questions

1. If the customer can do all transactions only in a branch and the branch has no online access, it is called .............
1) Online Banking
2) Internet Banking
3) Virtual Banking
4) Brick and Mortar Banking
5) None of these

2. As a part of financial inclusion, Bank on Wheels is a banking kiosk in a mobile van which goes to various rural villages as per the predetermined schedule to provide the banking services to the rural Indians. This Vehicle Tracking through GPRS. GPRS stands for .............
1) General Packet Radio Service
2) General Packet Running Service
3) Gross Packet Radio Service
4) Gain Packet Radio Service
5) General Packet Radio Store

3. A collection of investment tools such as stocks, shares, mutual funds, bonds, cash and so on depending on the investor's income, budget and convenient time frame. The art of selecting the right investment policy
for the individuals in terms of minimum risk and maximum return is called as .........
1) Portfolio management
2) Credit creation
3) Amortized management
4) Zero account
5) None of these

4. Which bank has launched the country's first contactless debit and credit cards on 7 January 2015?
1) HDFC
2) SBI
3) ICICI
4) Union Bank of India
5) Yes Bank

5. On 7 May 2015, RBI said with effect from September 1, 2015 all new cards issued - debit and credit, domestic and international - by banks shall be EMV chip and pin based cards. EMV stands for ................
1) Europay, Mastro and Visa.
2) Euro, Master Card and Visa.
3) Europay, Master Card and Visulas.
4) Entitlement of Master Card and Visa.
5) Europay, Master Card and Visa.

6. Which is the first bank to get ISO certificate?
1) Corporation Bank
2) UBI
3) Canara Bank
4) Syndicate Bank
5) ICICI

7. Kisan Credit Card (KCC) scheme introduced in .................. has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle - free manner.
1) 1998
2) 2000
3) 2001
4) 1991
5) 2004

8. To make KCC a Smart Card cum Debit Card, Government of India had constituted a Working Group under the Chairmanship of ..................
1) C. Ranga Rajan
2) Chanda Kocchar
3) Arundhathi Bhattacharya
4) D. Subba Rao
5) T.M. Bhasin

9. In 2014, Competition Commission of India probed the merger between regional rural banks sponsored by Punjab National Bank and ................
1) Andhra Bank
2) Union Bank of India
3) State Bank of India
4) Syndicate Bank
5) None of these

10. A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. The loan backed only by promise to repay, and for this reason the personal loan also called...........
1) Signature loans
2) Secured loans
3) Priority sector loan
4) Transfer loan
5) None of these

11. AMFI is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in the industry. AMFI stands for ...............
1) Association of Mutual Funds in India
2) Authority of Mutual Funds in India
3) Amalgamation of Mutual Funds in India
4) Association of Mutual Finance in India
5) None of these

12. Providing Gas subsidy, government pensions, providing scholarships etc through banks called as ...............
1) Social Banking
2) Area Banking
3) Royal Banking
4) Visual Banking
5) None of these

13. Which bank bagged the Core Banking System Initiative Award for the year 2014 at the Asian Banking and Finance - Retail Banking Awards 2014?
1) SBI
2) ICICI Bank
3) Bharathiya Mahila Bank
4) Standard Bank
5) None of these

14. In the IBA Banking Technology Awards 2014, Best Financial Inclusion Initiative award among Public Sector bank conferred on ..............
1) SBI
2) Corporation Bank
3) Andhra Bank
4) Bank of Baroda
5) IOB

15. Which of the following banking does not come under Social Banking?
1) Crediting the LPG subsidy in the beneficiary bank account
2) Offering Jan Dhan Scheme accounts
3) Allowing students to credit their scholarships through No-frill accounts
4) Allowing the subsidy loan to disadvantage sections of the society
5) All of the above banking operations come under social banking

Answers:
1-4, 2-1, 3-1, 4-3, 5-5, 6-3, 7-1, 8-5, 9-4, 10-1, 11-1, 12-1, 13-3, 14-4, 15-3.

BANK EXAMS SPECIAL - GENERAL AWARENESS PRACTICE QUESTIONS

1. Surender Singh took over as the new Director General of which of the following paramilitary forces on May 1, 2015?
1) CRPF
2) BSF
3) CISF
4) NSG
5) ITBP

2. Who was conferred the RedInk Award for Lifetime Achievement for excellence in journalism on April 30, 2015?
1) Arnab Goswami
2) Prannoy Roy
3) Sreenivasan Jain
4) Shekhar Gupta
5) Krishna Prasad

3. ‘Varuna’ is a joint naval exercise between India and?
1) USA
2) Singapore
3) France
4) Japan
5) UK

4. Who was appointed the Chairperson of Children’s Film Society, India (CFSI) in April 2015?
1) Sai Paranjpye
2) Nafisa Ali
3) Ekta Kapoor
 4) Mukesh Khanna
5) Pankaj Dheer

5. United Nations Secretary General Ban Ki-moon has appointed Ismail Ould Cheikh Ahmed of Mauritania as his Special Envoy for?
1) Yemen
2) Syria
3) Iraq
4) Afghanistan
5) Pakistan

6. Who was named the honorary member of the International Olympic Committee (IOC) in December 2014?
1) N. Ramachandran
2) N. Srinivasan
3) Suresh Kalmadi
4) Randhir Singh
5) None of these

7. Donald Tusk is the current President of the European Council. He is the former Prime Minister of?
1) Czech Republic
2) Slovakia
3) Poland
4) Portugal
5) Slovenia

8. The first Regional Rural Bank in India, the Prathama Grameen Bank, was started in Moradabad district of Uttar Pradesh in 1975. It was sponsored by?
1) Punjab National Bank
2) State Bank of India
 3) Indian Bank
4) Syndicate Bank
5) Dena Bank

9. What does the letter ‘S’ denote in the term IFSC?
1) Subscriber
2) State
3) Station
4) Source
5) System

10. Who is the present Director General of National Disaster Response Force (NDRF)?
1) O.P. Singh
2) A.P. Maheshwari
3) D.K. Pandey
4) R.K. Prachanda
5) Ramesh P. Singh

11. The National Disaster Response Force consists of ten battalions from?
1) CRPF
2) BSF
3) CISF
4) ITBP
5) All the above

12. Who is the present Chairman of the Press Council of India (PCI)?
1) Justice P.B. Sawant
2) Justice C.K. Prasad
3) Justice R.S. Sarkaria
4) Justice A.N. Sen
5) Justice Markandey Katju

13. TVS Company Chairman Venu Srinivasan has been conferred the title of honorary citizen of Busan, the second largest city in?
1) Japan
2) China
3) South Korea
4) Thailand
5) None of these

14. Who was appointed as the Chairman of the Union Public Service Commission (UPSC) in November 2014?
1) Manbir Singh
2) Amar Pratap Singh
3) D.K. Dewan
4) Deepak Gupta
5) Vinay Mittal

15. A.R. Antulay died in December 2014. He was the former Chief Minister of?
1) Karnataka
2) Goa
3) Odisha
4) Bihar
5) Maharashtra

16. The United Nations General Assembly declared which of the following days as the World Soil Day?
1) June 5
2) July 5
3) November 5
4) October 5
5) December 5

17. Jarbom Gamlin died on 2014 November 30. He was the former Chief Minister of?
1) Sikkim
2) Nagaland
3) Arunachal Pradesh
4) Tripura
5) Manipur

Answers
1) 3 2) 2 3) 3 4) 4 5) 1 6) 4 7) 3 8) 4 9) 5 10) 1
11) 5 12) 2 13) 3 14) 4 15) 5 16) 5 17) 3