GENERAL AWARENESS PRACTICE QUESTIONS FOR IBPS EXAMS

1.    What is India's Gross Domestic Product (GDP) growth in the first quarter (April-June) of the fiscal year 2013-14?  
     1) 5.4 per cent     
     2) 4.8 per cent       
     3) 2.8 per cent     
     4) 4.4 per cent        
     5) 5.5 per cent   
 
 2.    Seamus Heaney of Ireland died on August 30, 2013. He had won the 1995 Nobel Prize in?
     1) Economics     
     2) Literature
     3) Peace    
      4) Physics
     5) Medicine  
 
 3.     Which country defeated India 4-3 in the final of the Asia Cup Hockey at Ipoh, Malaysia on September 1, 2013?
     1) Pakistan     
     2) Malaysia              
     3) South Korea    
    4) Japan     
     5) Oman
 
 4.    Which Tennis player is the author of the book 'The Moon Baller'?
     1) Sania Mirza  
     2) Ramesh Krishnan  
     3) Nirupama Vaidyanathan    
     4) Leander Paes
     5) Mahesh Bhupathi
 
 5.    Which company on August 23, 2013 announced that its CEO, Steve Ballmer, will retire from the company after a successor is chosen?
     1) Google    
     2) Oracle
     3)  Yahoo!      
     4) Microsoft          
     5) Amazon.com
 
 6.    Which team won the inaugural edition of the Indian Badminton League (IBL) in Mumbai on August 31, 2013?
     1) Pune Pistons
     2) Awadhe Warriors   
     3) Hyderabad Hotshots     
     4) Mumbai Masters     
     5) None of these    
 
 7.    Samuel Santos Lopez visited India in August 2013. He is the Foreign Minister of?
     1) Colombia     
     2) Ecuador   
     3) Venezuela       
    4) Nicaragua         
     5) Bolivia  
 
 8.    Who scored the highest ever individual score in a Twenty20 International in August 2013? (He smashed 156 off 63 balls with 14 sixes, both world records)
     1) Brendon McCullum  
     2) Chris Gayle  
     3) Suresh Raina     
     4) Tilakaratne Dilshan     
     5) Aaron Finch   
 
 9.    Justice N.V.Ramana was sworn in the new Chief Justice of which of the following High Courts on September 2, 2013?
     1) Allahabad High Court
     2) Delhi High Court  
     3) Andhra Pradesh High Court    
     4) Gujarat High Court       
     5) None of these
 
 10. "Big Apple" is a nickname for?
     1) Canberra     
     2) Madrid
     3) New York     
     4) Berne
     5) Ottawa
 
 11.    The National Chemical Labo-ratory (NCL) is located in?  
     1) Panaji    
     2) Pune          
     3) Hyderabad      
     4)  Chandigarh      
     5) Nagpur  
     
 12. Which of the following is the name of the organization created by the Government of India to promote small scale industries in India?
     1) SEBI    
     2) IFCI  
     3) IDBI Bank      
     4)  ECGC
     5) None of these
 
 13. Which of the following is designed specially as a strong measure for control of inflation in India?
     1) Public Distribution System
     2) Heavy taxation on import and export
     3) Ban on export of excess food grain
     4) Monetary policy of the RBI
     5) None of these    
 
 14.    'Swayamsidha' scheme is rela-ted to?
     1) School children  
     2) Health workers           
     3) Senior citizens   
     4) Women       
     5) None of these   
 
 15.    "Unto This Last" is a book written by?
     1) John Ruskin     
     2) Ruskin Bond  
     3)  Leo Tolstoy
     4) Rudyard Kipling        
     5) George Bernard Shaw
 
 16. Which of the following is/are treated as artificial currency?
     1) ADR    
     2) GDR
     3) SDR          
     4) Both 1 and 2       
     5) All 1, 2 and 3
 
 17. The basic characteristic of a capitalistic economy is?
     1) Absence of monopoly  
     2)    Large scale production in primary sector  
     3)     Full employment   
     4)    The private ownership of the means of production     
     5)     None of these    
 
 18. UNDP prepares?
     1) Standard of Living Index
     2) Physical Quality Index  
     3) Human Development Index  
     4) Wholesale Price Index
     5) None of these
 
 19. Fiscal Policy refers to?
 1)    Sharing of its revenue by the    central government with states  
 2)    Sale and purchase of securities by RBI
 3)    Keeping foreign exchange reserves
 4)    Government taxes, expendi-ture and borrowings
 5)    None of these   
 
 20. Which of the following famous events is being held in Jaipur in January every year since 2006?
     1) Cattle Fair
     2) Literature Festival
     3) Elephant Festival   
     4) International Film Festival
     5) Kite Festival
   
 21. Which event is held to mark the Onam festivities in Kerala?
     1) Bull fighting   
     2) Bull Race   
     3) Cock fights     
     4) Boat Race  
     5) None of these   
 
 22. The film awards given by the Academy of Motion Picture Arts and Sciences in USA are popularly known as?
     1) IIFA Awards
     2) BAFTA Awards  
     3) Oscars
     4) Grammy Awards   
    5) None
 
 23. ITPO stands for?
 1)    International Traders and Promoters Organization
 2)    India Trade Promotion Organization
 3)    International Telecom and Postal offices
 4)    International Trade Policy Organization
 5)    None of these
 
 24.    Which country is called Cockpit of Europe?
     1) Denmark     
     2) Spain
     3) Belgium     
     4) Turkey  
     5) Italy   
 
 25. The term 'Let' is associated with?
     1) Chess    
      2) Hockey   
     3) Cricket        
     4) Badminton   
     5) Soccer     
 
 26. Mahe is a part of?
     1) Tamil Nadu      
     2) Puducherry   
     3) Kerala        
      4) Maharashtra    
     5) Karnataka
 
 27. Psephology is the study of?
     1) Flags         
     2) Rainfall pattern        
     3) Gene disorders
     4) Stamps          
     5) Elections
   
 28.     The term 'Cue' is related to?
     1) Badminton    
     2) Basketball  
     3) Baseball       
     4) Billiards
     5) Boxing
 
 29. Who acts as the Secretary of the National Development Council (NDC)?
     1)    Secretary,Ministry of Finance
     2)    Secretary,Ministryof Planning
     3)    Secretary, Planning Commission
     4)    Secretary,Finance Commission
     5)    None of these
 
 30. Which one of the following full forms is wrong?
 1)    SIM- Subscriber Identity Module
 2)    MRI- Magnetic Resonance Imaging
 3)    IPR- Intellectual Property Rights
 4)    PIL - Public Interest Litigation
 5)    SLBC-State Level Business Committee   
 
 31. Nirmal Bharat Abhiyan Yojana is associated with?
 1)    Construction of houses for low income groups
 2)    Construction of houses for rural people
 3)    Community toilets in slum areas
 4)    Employment in rural areas
 5)    None of these
 
 32. 'Pride and Prejudice' is written by?
     1)    Leo Tolstoy 
     2) Jane Austen
     3)    George Eliot  
     4)    Charles Dickens
     5)    R.K.Narayan
 
 33.    Which one among the following statements regarding SAARC is correct?
 1)    Headquarters of SAARC is located in Dhaka
 2)    Myanmar is a member of SAARC
 3)    The present Secretary General of SAARC is from India
 4) It was started in 1980
 5) Next SAARC Summit will be held in Nepal
 
 34.    Bamako is the capital city of?
     1) Mali    
     2) Guinea    
     3) Haiti  
     4) Laos    
     5) Burundi  
 
 35.    Which one of the following scales is used to measure the intensity of tornadoes?
     1) Richter scale
     2) Mercalli scale
     3) Fujita scale
     4) Saffir-Sampson scale
     5) None of these
 
 Answers
 1) 4    2) 2    3) 3    4) 3    5) 4    6) 3    7) 4    8) 5    9) 2    10) 3    
11) 2    12) 5    13) 4    14) 4    15) 1    16) 3    17) 4    18) 3    19) 4    20) 2    
21) 4    22) 3    23) 2    24) 3    25) 4    26) 2    27) 5    28) 4    29) 3    30) 5    
31) 3    32) 2    33) 5    34) 1    35) 3

GENERAL AWARENESS PRACTICE MCQs FOR IBPS CLERKS EXAM

1. 23rd governor of RBI is ......
1) Montek Singh Ahluwalia
2) Raghuram Rajan
3) K.C.Chakrabarthy
4) Sumithra Chaudhuri
5) Diwakar Guptha

2. Raghuram Rajan belongs to ........
1) Tamilnadu
2) Andhra Pradesh
3) Madhya Pradesh
4) UP
5) Assam

3. Raghuram Rajan was the former Chief Economist of ................
1) RBI
2) UNO
3) IMF
4) ADB
5) SBI

4. Who among the following never served as Governor of RBI?
1) James Taylor
2) Bengal Rama Rau
3) Pranab Mukherjee
4) C.Ranga Rajan
5) Manmohan Singh

5. Which among following served as the governor of RBI and Finance Minister of India?
1) C.Rangarajan and C.D.Deshmukh
2) Y.V. Reddy and Manmohan Singh
3) C.D. Deshmukh and Manmohan Singh
4) D.Subbarao and Bimal Jalan
5) All of above

6. Board of Financial Supervision (BFS) of RBI started in .........
1) 2001
2)1994
3)1998
4) 2008
5) 2000

7. Board of Financial Supervision of RBI formed as a committee of the central Board of Directors of RBI. The Committee headed by .............
1) Deputy Governor of RBI
2) Governor of RBI
3) Finance Minister
4) Prime Minister
5) None

8. Aim of Board of Financial Supervision (BFS) of RBI to undertake the consolidated supervision of the financial sector comprising the financial organizations, Commercial banks and ............
1) NBFC
2) Chit funds
3) Share Market
4) NGO
5) None

9. Which legislation authorized RBI to inspect commercial banks?
1) Banking Regulation Act, 1934
2) Banking Regulation Act, 1954
3) Banking Regulation Act, 1949
4) Banking Regulation Act, 1972
5) Banking Regulation Act, 1901

10. Which among the following is not the function of BFS of RBI?
1) Off-site supervision of banks
2) Strengthening of inspections
3) Orders relating to payment gateways
4) Strengthening role of Auditors
5) None

11. Finacle Core Banking and McCamish Insurance products are going to be launched by ........
1) Infosys
2) Tech Mahendra Satyam
3) TCS
4) Pantla
5) None

12. A UN report has revealed that despite widespread poverty in the country, India is on track to meet the United Nations' Millennium Development Goal (MDG) of poverty reduction by ..........
1) 2015
2) 2014
3) 2018
4) 2020
5) 2045

13. SWIFT started its live operations from 9th May .........
1) 1935
2) 1998
3) 2013
4) 1977
5) 2001

14. SWIFT has headquarters at ..........
1) Bonn
2) New York
3) New Delhi
4) Brussels
5) Tokyo

15. The upgraded SWIFT II system introduced in ........... to which system the most Indian banks are hooked.
1) 1996
2) 1995
3) 2001
4) 1998
5)1989

16. To use SWIFT based system, each country required to install CBT. CBT means ...
1) Computer Based Tracing
2) Computer Biased Terminal
3) Chip Based Terminal
4) Computer Based Trail
5) Computer Based Terminal

17. Present chairman of SWIFT is Yawar Shah. He belongs to .......... ?
1) Pakistan
2) UAE
3) India
4) Fiji
5) Iran

18. G. Padmanabhan committee appointed by RBI to give the recommendations on ..........
1) Financial Inclusion
2) Export Finance
3) Customer Service
4) Financial Sector Reforms
5) RRB

19. RBI constituted committee under the chairmanship of ........ to review the Ombudsman Scheme on 7 January 2013.
1) Sudha Chakravarthy
2) Sudha Sharma
3) Suma Verma
4) S.K.Kailash Chandra
5) None

20. Reconstituted the advisory board on bank, commercial and financial frauds headed by .....
1) Usha Thorat
2) Prathip Chaudhuri
3) Shyamala Gopinath
4) Chanda Kocchar
5) None

GENERAL AWARENESS MCQs FOR IBPS EXAMS

1. Habiba Sarobi recently conferred with....
1) Bharat Ratna
2) Noble Award for Peace
3) Ramon Magsaysay Award
4) Templeton Prize
5) None

2. First full pledged legislation to allow the formation of Co-operative Societies is .......
1) Co-operative Credit Societies Act, 1904
2) Co-operative Credit Societies Act, 1912
3) Co-operative Credit Societies Act, 1911
4) Co-operative Credit Societies Act, 1971
5) None

3. The first Act to pass to pave the establishment of Co-operative banks -
1) Co-operative Credit Societies Act, 1922
2) Co-operative Credit Societies Act, 1924
3) Co-operative Credit Societies Act, 1972
4) Co-operative Credit Societies Act, 1951
5) Co-operative Credit Societies Act, 1912

4. Which committee was appointed in 1944 to give recommendations to improve co-operative movement?
1) Hilton-young
2) Radhakrishnan
3) MacLagan
4) Rodgers
5) None

5. Which sector is the major beneficiary of Cooperative banking system till 1969?
1) Education
2) Service
3) Agriculture
4) Export
5) Industrial

6. Indian Co-operative Bank system is ........
1) Unicameral
2) Semi Federal
3) Less Federal
4) Federal
5) Autocrat

7. On 13 April 2013, RBI decided to cancel the licenses of 26 loss-making co-operative banks as they got losses. Majority of them are in .....
1) AP
2) MP
3) Karnataka
4) Rajasthan
5) UP

8. ......... is the apex of the three-tier co-operative structure in India.
1) District Central Co-operative banks
2) Union Co-operative banks
3) District Co-operative banks
4) State Co-operative banks
5) None

9. Which bank finance, coordinate and control the working of District Central Co-operative Banks in the states?
1) National Co-operative Bank
2) Primary Co-operative Bank
3) State Co-operative Bank
4) Lower Development Bank
5) None

10. State Co-operative Banks (SCB) usually lend .......
1) District Central Co-operative Banks
2) Primary Co-operative banks
3) to individuals in exceptional cases
4) All of above
5) None

11. Capital of State Co-operative Banks (SCB) mobilized from ........
1) Members of District Central Co-operative Banks
2) Members of Primary Cooperative banks
3) 1 & 2
4) Only (1)
5) None

12. The external lending agencies to State Cooperative Banks (SCB) are ......
1) NABARD
2) Development Banks
3) State Government
4) Financial institutes
5) All of above

13. ........ is the intermediate rung in the threetier Co-operative Credit structure.
1) Primary Co-operative Banks
2) State Co-operative Banks
3) National Co-operative Banks
4) District Central Co-operative Banks
5) None

14. The funds of District Central Co-operative Banks arisen from ..........
1) NABARD lending
2) State government
3) Affiliated Co-operative societies
4) Funds from State Co-operative Banks
5) All of above

15. Gross level of arms of the short term cooperative credit structure is ........
1) District Central Co-operative banks
2) Primary Agricultural Credit Society
3) State Co-operative Banks
4) National Co-operative Banks
5) None

16. The functions of Primary Agricultural Credit Society is .......
1) lending
2) mortgage
3) pledge
4) accepting deposits
5) All of above

17. Primary Urban Co-operative banks established with the aim of giving delivering banking services in .... areas.
1) Urban
2) Rural
3) Metro
4) Villages
5) None

18. By which date, the Urban Co-operative banks must implement CBS facility in all its branches as per the order of RBI on 13 March 2013?
1) 31 October 2013
2) 31 December 2013
3) 31 January 2014
4) 31 August 2013
5) None

19. The recent actions/ orders of RBI to control Co-operative banks given. Pick the correct one.
1) Customers of Pune-based Rupee Cooperative Bank restricted by limiting the amount of money that depositors can withdraw up to Rs.1000 only. It is pune based bank.
2) On 5 March 2013, RBI asked Urban Cooperative Banks (UCBs) to take necessary steps to ensure smooth transition to new international accounting norms IFRS from April 2014.
3) Amanath Co-operative Bank can conduct a financial transaction of not more than Rs.1,000 per account a day as per the directions of RBI on 7 April 2013. It is Karnataka based bank.
4) On 8 January 2013, RBI notified that all co-operative banks should not issued cobranded ATM cards without approval of RBI.
5) All of above

20. Primary Urban Co-operative Banks norms reviewed on the recommendations of ....... committee.
1) K.Madhava Rao
2) N.Laxaman Sinha
3) Vedanarayana
4) Sacchindananda
5) None

21. Probe against the chairman and directors of Gurusiddheshwar Urban Co-operative Bank started on 19th July 2013. It is in ...
1) Hublli
2) Hyderabad
3) Pune
4) New Delhi
5) Lucknow

22. Which is India's largest co-operative bank in India looking to acquire the Pune-based Rupee Co-operative Bank?
1) Mahesh Co-operative bank
2) Mandavi Co-operative bank
3) Saraswat Co-operative bank
4) Lucknow Co-operative bank
5) None

23. In an effort to defend rupee, the Union government proposed to hike in the foreign investment limit in government debt by .....
1) $ 6 billion
2) $ 8 billion
3) $ 9 billion
4) $ 5 billion
5) $10 billion

24. Who heads the inter-ministerial panel has suggested higher taxes for non-essential imports to curb the Current Account Deficit (CAD)?
1) Anil Goswamy
2) C.Ranga Rajan
3) Rajat Bhargava
4) Anand Sharma
5) None

25. On 20 July 2013, the Parliamentary Committee on Finance submitted finalized its Goods and Services Tax Report. It is headed by ......
1) Murali Manohar Joshi
2) Venkaiah Naidu
3) Raghuram Govinda Rajan
4) Aravind Mayaram
5) Yashwant Sinha

26. To settle inter-state water disputes, prevent flood and pollution, on 24 June 2013, the Union government released a Draft River Basin Management bill which aims to set up how many river basin authorities?
1) 10
2) 24
3 ) 5
4) 18
5) 12

27. For the transformation of barren land in to cultivating land which state launched Bhumi sena scheme on 8 August 2013?
1) UP
2) AP
3) MP
4) Goa
5) Jammu and Kashmir

28. Douglas Engelbart died recently. He invented ........
1) QWERTY keyboard
2) Universal Serial Bus (USB)
3) Compact Disc
4) Computer Mouse
5) None

29. As per the 2013 Global Peace Index published by the Institute for Economics and Peace, the top most peaceful countries of the world are ...... ?
1) Iceland, Denmark and New Zealand
2) USA, UK and Australia
3) Japan, Switzerland and Finland
4) India, China and Mexico
5) None

30. Indian Junior Women Hockey team won its first ever Bronze medal on 4 August 2013 in Hockey Junior World Cup held in .........
1) India
2) France
3) Japan
4) Germany
5) Australia

31. BCCI stands for ........
1) Board of Cricket Control of India
2) Board of Control for Cricket in India
3) Board of Central Cricket in India
4) Board of Cricket Commission in India
5) None

32. Parupalli Kashyap is a........
1) Badminton player
2) Chess player
3) Member of Rajyasabha
4) Mountaineer
5) None

33. From 5 September 2013, the G-20 heads of government summit to be held in ........
1) Russia
2) USA
3) UK
4) India
5) Australia

34. 'An Uncertain Glory: India and its Contradictions' co-authored by Jean Dreze and ........
1) Amartya Sen
2) Subba Rao
3) Manmohan Singh
4) Abdul Kalam
5) None

35. Kalinga prize will be given for the ......
1) Popularization of Science
2) Cricket
3) Popularization of internet
4) Architecture models
5) None

36. Informal method of borrowing is familiar from .......
1) Regional Rural Banks
2) Public Sector Banks
3) Private Sector Banks
4) Money lenders
5) NABARD

37. State Bank of Pakistan is the central bank of Pakistan. Its headquarters is in .......
1) Islamabad
2) Hyderabad
3) Sind
4) Karachi
5) Abbotabad

ANSWERS:

1-3, 2-1, 3-5, 4-3, 5-3, 6-4, 7-5, 8-4, 9-3, 10-4
11-312-5, 13-4, 14-5, 15-2, 16-5, 17-1, 18-2, 19-5, 20-1
21-1, 22-3, 23-4, 24-3, 25-5, 26-5, 27-1, 28-4, 29-1, 30-4
31-2, 32-1, 33-1, 34-1, 35-1, 36-4, 37-4

GENERAL AWARENESS PRACTICE MCQs FOR IBPS EXAMS

1. Rajiv Gandhi National Sadhbhavana Award recently conferred on ......
1) Lata Mangeshkar
2) Karan Sing
3) Amjad Ali Khan
4) Abdul Kalam
5) Veerappa Moily

2. Details of Bank of Baroda given. Pick the wrong statement.
1) Bank of Baroda was established in 1908.
2) Its logo has dual ‘B’ letter forms that hold the rays of the rising sun.
3) Maharaja Sayajirao Gaekwad is the founder of this bank.
4) It has largest number of ATM net work in India.
5) S.S.Mundra is the present Chairman of Bank of Baroda.

3. Statements relating to Bank of Baroda given. Pick the incorrect statement.
1) Bank of Baroda head office is in Mumbai.
2) BOB Cards limited, BOB Capital Markets Ltd and Nainital Bank Limited are its subsidiaries.
3) CNBC TV18 conferred the ‘India Best Banks and Financial Institutions Awards 2012’ award on Bank of Baroda.
4) Bank of Baroda was nationalized in the year 1980.
5) It recently opened 100th overseas office in Dubai on 28th March 2013.

4. Which bank in India provides rural counseling, financial literacy and other services, are now operational in 52 centers under the name of Grameen Paramarsh Kendras?
1) SBI
2) Indian Bank
3) Bank of Baroda
4) Bank of India
5) ICICI

5. 'India's International Bank' is the punch line of .........
1) Indian Bank
2) Bank of India
3) Indian Overseas Bank
4) Bank of Baroda
5) None

6. On 22 June 2013, which bank inaugurated the national pilot agri-loan factory at Himatnagar in Gujarat?
1) Andhra Bank
2) Karnataka Bank Ltd
3) ICICI
4) BOI
5) Bank of Baroda

7. Legal & General (UK), Andhra Bank and which another Indian Bank commenced a Life Insurance joint venture by name M/s India First Life Insurance Co Ltd?
1) Allahabad Bank
2) Bank of Baroda
3) Central Bank of India
4) Tamilnadu Mercantile Bank
5) Union Bank of India

8. 'Relationship beyond banking' is the punch line of ............
1) United Bank of India
2) Union Bank of India
3) Bank of India
4) ICICI Bank
5) None

9. Bank of India head office is at Mumbai. It was nationalized in ........
1) 1955
2) 1969
3) 1980
4) 1993
5) 2000

10. Which is the first nationalized bank in India to start the fully computerized branch?
1) Bank of Baroda
2) Indian Bank
3) Bank of India
4) ICICI
5) Axis bank

11. Which is the first nationalized bank in India to start ATM in 1989 in Mumbai?
1) SBI
2) SBM
3) Bank of India
4) Syndicate Bank
5) None

12. First Indian bank to open a branch outside the country, at London, in 1946 is....
1) Bank of India
2) Bank of Baroda
3) Indian Bank
4) ICICI
5) Axis Bank

13. 'Star Union Dai-ichi Life Insurance Co. Ltd' is the joint venture of Union Bank of India, Dai-ichi Mutual Life Insurance Company and ..........
1) Allahabad Bank
2) Punjab National Bank
3) Canara Bank
4) Bank of India
5) None

14. India's 4th largest Public sector bank is ...
1) State Bank of India
2) Bank of Baroda
3) Punjab National Bank
4) Bank of India
5) Indian Overseas Bank

15. Smt. V. R. Iyer is the Chairman of ......
1) Corporation Bank
2) Indian Overseas Bank
3) Dena Bank
4) Bank of India
5) Allahabad Bank

16. 'ABHAY' is the credit counseling center of .........
1) Bank of India
2) Bank of Maharashtra
3) IDBI
4) Indian Bank
5) HDFC

17. On 11 June 2013, RBI raised the limit for online repatriation of export proceeds to...
1) $ 20000
2) $ 15000
3) $ 40000
4) $ 5000
5) $ 10000

18. RBI made it mandatory for units in Special Economic Zones to repatriate full value of exports within..
1) 18 months
2) 6 months
3) 12 months
4) 24 months
5) None

19. On 25 June 2013 CRISIL launched a financial inclusion index. It is .......
1) Financial hub
2) Financial X
3) Financial Teller
4) Financial Pro
5) Financial Inclusix

20. As per CRISIL index on Financial inclusion which part of India is top in the financial inclusion?
1) South India
2) North India
3) West India
4) East India
5) None

21. Top three States/ Union territories in terms of financial inclusion are ...... as per CRISIL index.
1) AP, Kerala and Karnataka
2) Kerala, UP and AP
3) Puducherry, AP and Kerala
4) Goa, AP and Kerala
5) Puducherry, Chandigarh and Kerala

22. To whom the Central Govt. had given ample powers to tackle ponzi schemes?
1) RBI
2) IRDA
3) Para Military forces
4) NIA
5) SEBI

23. Rajat Gupta is accused in ..........
1) Debit card scam
2) Cricket match fixing scam
3) Insider trading scam
4) KYC scam
5) None

24. To promote marketing reforms Committee of State Ministers had given recommendations to Agriculture Minister on 3 July 2013. Locate the correct option.
1) Committee of State Ministers under the chairmanship of Harshvardhan Patil submitted the recommendations
2) Setting up of multiple and competitive marketing channels mooted
3) Independent regulatory authority to encourage private investors is urgently called for
4) Setting up of independent district level authority for registration and dispute settlement
5) All of above

25. Statements relating to IFCI given. Locate the wrong option.
1) IFCI means Industrial Finance Corporation of India.
2) It was established on 1 July 1948 under the Industrial Finance Corporation Act of 1948.
3) It provides medium and long term financial assistance to large scale industrial undertakings.
4) It was overtaken by ICICI in 2012.
5) Santosh B Nayar is the new CEO of IFCI.

26. As per the recent report published by FATF, an inter-governmental body, India has addressed shortfalls in its black money fight. Expand the term FATF.
1) Financial Action Task Force
2) Financial Activity Task Force
3) Financial Advancement Task Force
4) Financial Alternatives Task Force
5) None

27. IRDA (Insurance Regulatory Development Authority) removed ....... percent investment limit on reverse repo transactions for insurance companies on 3 April 2013.
1) 20
2) 15
3) 5
4) 10
5) 50

28. The facts relating to WTO given. Pick the wrong statement.
1) World Trade Organization was established on 1 January 1995.
2) Its Headquarters is at Geneva, Switzerland.
3) European Union recently put a complaint with WTO as the recycling fee imposed by Russia solely on auto imports.
4) As per the WTO trade statistics, India's share in the global merchandise exports stood at 1.60% in 2012.
5) None

29. Share of merchandise exports in the overall GDP of India in 2011-12 is ........
1) 12.4%
2) 9.3%
3) 10.2%
4) 17.7%
5) None

30. 9th WTO Ministerial Conference will be held in ........ from 3-6 December 2013.
1) Beijing
2) New Delhi
3) Jakarta
4) Bali
5) Tokyo

31. 29th Annual Meeting of the World Economic Forum (India Chapter) on 8-9 November 2013 will be hosted by which of the following Indian cities?
1) Mumbai
2) Kochi
3) Hyderabad
4) Chennai
5) Delhi

32. ICC ODI world cup 2015 will be co-hosted by .......
1) India and Pakistan
2) England and Ireland
3) South Africa and Zimbabwe
4) Australia and New Zealand
5) Sri Lanka and Bangladesh

33. Aparajita Datta, the Indian wildlife biologist was conferred with Whitley award. It is also called as...
1) Green Oscar
2) White Oscar
3) Blue Oscar
4) Red Oscar
5) None

34. The Sholapur thermal power project of NTPC is facing agitation from farmers seeking higher compensation for their land. This project is situated in .............
1) Goa
2) Karnataka
3) Gujarat
4) Bihar
5) Maharashtra

35. Recently the Union Rural Development Ministry approved Rs 4,130 cr. for the construction of rural roads in which of the following state?
1) Uttarakhand
2) Maharashtra
3) Bihar
4) Andhra Pradesh
5) None

ANSWERS:

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

GENERAL AWARENESS PRACTICE MCQs FOR IBPS EXAM

1. Who among the following has been elected as the new President of the Asian Athletics Association (AAA) recently?
1) Suresh Kalmadi
2) HRH Prince Imran
3) Dahlan Jumaan Al-Hamad
4) Gideon Sam 
5) None

2. The highlight of demand deposit is .......
1) multiple deposits 
2) multiple withdrawal
3) Any time banking
4) Electronic mode of withdrawals
5) All the above

3. As per the direction of RBI on 18 March 2013, which facility provided to the customers on savings account must be discouraged?
1) Receiving post dates cheques in the case of EMI
2) Issuing of cheques
3) Issuing of Debit card
4) Auto pay 
5) Issuing of passbook

4. The Savings Account can be opened by.....
1) Senior Citizen 
2) Woman 
3) Student
4) Billionaire 
5) All the above

5. Whether Savings Account can be opened Jointly (Joint Account)?
1) No
2) Yes, with the permission from the RBI
3) Yes
4) Yes, with the special permission from the Income Tax department
5) Yes, with the special permission from Chairman of bank

6. A bank given advertisement that SWAP facility available in Savings Account. It means.....
1) the higher amounts in the account move to higher interest accounts
2) the higher amounts in the account get lower interest
3) the lower amounts in the account move to inoperative accounts
4) the higher amounts deposits not allowed in the account
5) None

7. In the opening of Savings Account (few other accounts also) bank ask to write Nominee name. Who shall be nominee?
1) Any person 
2) Known person only
3) Female only 
4) Close blood relation only
5) Account holder in that bank only

8. Nominee's age in the savings account ......
1) below 10 years only
2) above 8 years only
3) below 60 years only
4) any age
5) must be major in that state

9. Savings account become inoperative, if the account .........
1) amount deposited not intimating to the bank
2) amount withdrawn not intimating to the bank
3) amount deposited more than 50,000 with out intimating to bank
4) not operated at all during certain period as per the bank rules
5) None

10. Consider the following statements.
a) A person saves money from his regular income
b) He wants to save the money in an account which permits withdrawals any time with rational rate of interest
c) He also want to issue cheques in favour of others
d) He wants to use ATM card also
The most suitable account for him is?
1) Recurring account 
2) Fixed deposit
3) Saving account 
4) Kiddy account
5) None

11. The facts relating to the current account deficit as told by RBI on 3 May 2013 given. Locate the wrong option.
1) Current Account Deficit (CAD) as the biggest risk to Indian economy.
2) had touched a record high of 6.7 percent in the December quarter of last fiscal year
3) outlook for Advanced Economies (AEs) remains uncertain, and even if there may be no event shocks, there could well be process shocks which could result in capital outflows from emerging developing economies.
4) It said it concern over rising external debt and short-term borrowings to meet the widening CAD.
5) None

12. In a continue effort to curb the rupee volatility, which of the measure not taken by RBI on 16th July 2013?
1) RBI raised lending rates to commercial banks 2 percent to 10.25 percent
2) sale of Government of India Securities to suck up Rs.12,000 crore
3) Marginal Standing Facility (MSF) rate has also been increased to 10.25 percent from current 8.25 percent
4) Increased the SLR to 25% to curb the circulation of money up to Rs.1,20,000 crores
5) None

13. World Bank has approved a concessional loan of $ 100 million for the National Housing Bank on 17 May 2013. Locate the wrong option.
1) The loan was granted implementation of a low-income housing programme
2) The programme will support NHB in refinancing mortgage loans
3) The loan has been granted under the concessional International Development Association window on a long-term basis for 35 years
4) NHB is the regulator of Home loans given by HFC
5) None

14. Which International Monetary Organization granted $ 100 million to Jammu & Kashmir
for the development of infrastructure?
1) IMF 
2) World Bank 
3) ADB
4) IDA 
5) None

15. $84 million granted by ... to strengthen panchayath project in Bihar on 27 June 2013.
1) IMF 
2) ODA 
3) World Bank
4) IFC 
5) AFD

16. The early tsunami warning system has been installed recently at Rangachang situated in?
1) Lakshadweep 
2) Tamil Nadu
3) Andhra Pradesh 
4) Puducherry
5) Andaman and Nicobar Islands

17. The Daitari iron ore mines might soon close down on the allegations of carrying mining activities without forest clearance. These mines are situated in which of the following states in India?
1) AP 
2) Jharkhand 
3) Uttarakhand
4) Madhya Pradesh 
5) Odisha

18. Tahrir Square, which was in news recently, is situated in which of the following
countries?
1) Turkey 
2) Syria 
3) China
4) Tunesia 
5) Egypt

19. Which familiar combination come under ''Demand Deposits''?
1) Fixed deposit, Current Account
2) Fixed deposit, Recurring Account
3) Saving Account, Current Account
4) Fixed deposits, Savings Account
5) None

20. India held the 16th round of border talks with which of the following countries recently?
1) Pakistan 
2) Bangladesh
3) Nepal 
4) China 
5) None

21. Narendra Modi has asked farmers from across the country to contribute iron blocks for construction of a huge statue of Sardar Patel at Sardar Sarovar Dam. It will be name?
1) Lauh Purush
2) Statue of Integrity
3) Statue of Sovereignty
4) Statue of Unity 
5) None

22. Who among the following has been sworn in as an interim president in Egypt after the military ousted the incumbent Mohammed Morsi recently?
1) Mahdi Aakef 
2) Gehad El-Haddad
3) Adly Mahmoud Mansour
4) Mohammed Badie 
5) Gulam Ahmed

23. Which of the following countries has given its approval to the controversial IVF technique that would lead to the creation of babies with three parents? This technique is aimed at checking the genetic diseases.
1) Japan 
2) Singapore
3) UK 
4) China 
5) None of these

24. Which Indian woman entrepreneur, who has received UAE's prestigious 'Emirates Woman Award 2013'.
1) Naina Lal Kidwai
2) Sonia Gandhi
3) Vandana Gandhi
4) Kiran Mazumdar-Shaw
5) Indira Nooyi

25. The general level of prices increase over time is called .........
1) disinflation 
2) deflation
3) rotation price 
4) relay inflation
5) inflation

26. Sustained decrease in the average price level is called ..........
1) inflation 
2) stagflation
3) round inflation 
4) deflation 
5) None

27. Demand-pull inflation is an inflation that results from an initial .........
1) increase the demand for Natural resources
2) increase the labour force
3) decrease in aggregate demand
4) increase in aggregate demand 
5) None

28. Where the inflation of a nation increases gradually, but continually, over time is
called .......
1) polar inflation 
2) grave inflation
3) creeping inflation 
4) force inflation
5) None

29. 'Very rapid inflation which is almost impossible to reduce it' is called.......
1) core inflation 
2) galloping inflation
3) strict inflation 
4) import inflation 
5) None

30. If the cost of production rise, for one reason or another, and force up the prices of finished goods and services it is called .......
1) rise inflation 
2) increase inflation
3) services inflation 
4) cost-push inflation
5) None

31. In its mid-quarter review of the monetary policy, announced on 17 June 2013, what reason told by RBI for the continuation of inflation in India?
1) increasing buying of gold
2) decreasing warehouse facilities
3) NRI purchases in India
4) Food prices 
5) government expenditure

32. June 2013 registered how much WPI inflation?
1) 9.5% 
2) 6.5% 
3) 1.5%
4) 0.15% 
5) 4.86%

33. On 27 June 2013, Union Government cleared the proposal of disinvestment of 7.64% stake sale in NFL. NFL means .....
1) National Fashion Limited
2) National Fine Steel Limited
3) National Ferrous Limited
4) National Frontier Limited
5) National Fertilizers Limited

34. ......... committee look in to issues relating to financial bench-marking and examine if they have become obsolete and need changes. The committee appointed by RBI on 28 June 2013.
1) Rangarajan 
2) Aravind Mayaram
3) Vijay Bhaskar 
4) Raghuvamsi 
5) None

35. According to a recent ruling by the Supreme Court, in cheque bouncing case for a cheque issued from a joint account, who can be prosecuted under Section 138 of the Negotiable Instruments Act?
1) Only the person who signed the cheque
2) All the persons named in the joint account collectively
3) Any one of the individuals named in the joint account
4) Only the firm that issued the cheque and not any individual
5) None of these

36. The British Indian business tycoon Sanjeev Kapoor bought Hypo Alpe Adria bank having headquarters in .......
1) Australia 
2) France 
3) Germany
4) UK 
5) Austria

37. As per the new strategic plan approved by World Bank, by which year the global poverty will be eradicated?
1) 2030 
2) 2020 
3) 2015 
4) 2045 
5) 2050

38. Who is the Chairman of IBPS (Institute of Banking Personal Selection)?
1) A.S.Bhattacharya 
2) Deepali Pant Joshi
3) K.R.Kamath 
4) Pratip Chaudari
5) D.Sarkar

ANSWERS:

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

GENERAL AWARENESS MCQs FOR IBPS EXAM

1. Abdul Rahim Rather was appointed as the new Chairman of Goods and Services Tax (GST) panel on July 21, 2013. He is the Finance Minister of?
1) Bihar 
2) Karnataka 
3) Rajasthan 
4) Jammu and Kashmir 
5) Uttar Pradesh 

2. Ramon Magsaysay Awards are given by Philippines. Habiba Sarobi is one of the five winners for the year 2013. She is a politician from?
1) Pakistan 
2) Afghanistan 
3) Indonesia 
4) Malaysia 
5) Bangladesh 

3. Who won the 100th edition of the Tour de France on July 21, 2013?
1) Bradley Wiggins (Britain) 
2) Alberto Contador (Spain) 
3) Chris Froome (Britain) 
4) Cadel Evans (Australia) 
5) Andy Schleck (Luxembourg) 

4. The Associated Chambers of Commerce and Industry (ASSOCHAM) is one of the apex trade associations of India. Who took over as the President of ASSOCHAM in July 2013?
1) Deepak Parekh 
2) Aditya Puri 
3) K R Kamath 
4) Rana Kapoor 
5) Naina Lal Kidwai 

5. Which of the following terms is not used in the field of banking and finance?
1) Blue chip companies 
2) Commercial paper 
3) Hedge 
4) Premium bonds 
5) Wobbe Index 

6. 'FBTR' is an abbreviated name related to the area of?
1) Agriculture
2) Economy 
3) Medical science 
4) Sports 
5) Nuclear power 

7. Developing an effective and efficient monitoring and control system for the Indian capital market is the basic aim of?
1) RBI 
2) SEBI 
3) FMC 
4) SBI 
5) NABARD 

8. The first stock exchange in India was established in?
1) Calcutta 
2) Delhi 
3) Bombay 
4) Madras 
5) Hyderabad 

9. Which institution is known as the 'Soft Loan Window' of World Bank?
1) IFC 
2) IDA 
3) IMF 
4) WTO 
5) None of these 


10. The Life Insurance in India was nationalized in the year?
1) 1870 
2) 1956 
3) 1960 
4) 1966 
5) 1969 

11. Countries and capital cities are given below. Which one of the following pairs is not correctly matched?
1) Ghana --- Accra 
2) Kenya --- Nairobi 
3) Namibia --- Windhoek 
4) Nigeria --- Rabat 
5) Egypt --- Cairo 

12. The river Tapti flows into the?
1) Palk Straits 
2) Bay of Bengal 
3) Arabian Sea 
4) Indian Ocean 
5) None of these 

13. 'Land of Midnight Sun' is?
1) Japan 
2) Finland 
3) Thailand 
4) Norway 
5) Netherlands 

14. 'My Truth' was written by?
1) Sarojini Naidu 
2) RK Narayan 
3) Mahatma Gandhi 
4) Indira Gandhi 
5) Jawaharlal Nehru 

15. Reliance Power is constructing a 3,960 MW coal based Ultra Mega Power Project (UMPP) in?
1) Sasan (Madhya Pradesh) 
2) Angul (Orissa) 
3) Banswara (Rajasthan)
4) Barauni (Bihar) 
5) None of these 

16. RBI's stake in NABARD is?
1) 10% 
2) 5% 
3) 3% 
4) 1% 
5) None of these 


17. Which of the following is not amongst the core industries/ sectors?
1) Coal 
2) Services 
3) Crude oil 
4) Power 
5) Steel 

18. What is the minimum shareholding of the Central Government in the Public Sector Banks?
1) 49% 
2) 50% 
3) 51% 
4) 59% 
5) 74% 

19. What is the purpose of National Green Tribunal?
1) It is a Save Earth campaign 
2) It promotes awareness towards climate changes
3) It will hear cases related to environmental degradation
4) It gives suggestions to protect forest cover
5) None of these 

20. Croatia recently became the 28th member of the European Union. Croatia was once a part of? 
1) Russia 
2) Yugoslavia 
3) Armenia 
4) Lithuania 
5) Czechoslovakia 

21. NKP Salve Challenger Trophy is associated with?
1) Hockey 
2) Football 
3) Cricket 
4) Tennis 
5) Badminton 

22. Bharat Diamond Bourse (BDB) is the world's largest diamond exchange located in?
1) Kolkata 
2) New Delhi 
3) Jaipur 
4) Surat 
5) Mumbai 

23. The largest source of India's GDP is?
1) Agriculture 
2) Foreign Trade 
3) Manufacturing 
4) Services 
5) None of these 

24. Planning Commission is a?
1) Statutory Body
2) Non-Statutory Body
3) Constitutional Body
4) Both 1 and 3
5) None of these 

25. Which one of the following rates is not determined by the Reserve Bank of India?
1) CRR 
2) SLR 
3) Repo Rate 
4) Prime Lending Rate 
5) Bank Rate 

26. Which of the following prizes/awards is not given for excellence in literature?
1) Murtidevi Award 
2) Laureus Award
3) Vyas Samman
4) Saraswati Samman 
5) Pulitzer Prize 

27. Which of the following is the full form of G in 'G-sec'?
1) Good
2) Global
3) Government
4) Guaranteed
5) None of these

ANSWERS:
1) 4 2) 2 3) 3 4) 4 5) 5
6) 5 7) 2 8) 3 9) 2 10) 2
11) 4 12) 3 13) 4 14) 4 15) 1
16) 4 17) 2 18) 3 19) 3 20) 2
21) 3 22) 5 23) 4 24) 2 25) 4
26) 2 27) 3 

GENERAL AWARENESS PRACTICE MCQs FOR IBPS PO EXAM

1. Which of the following is not the Traditional function of RBI?
1) Issue of Currency Notes
2) Banker to the Government
3) Subsidies to people
4) Banker to Bank
5) None

2. Exchange Rate Management is the ..................... function of RBI.
1) Promotional
2) Elective
3) Ethical
4) Non-supervisory
5) Traditional

3. Which Paper Currency denomination not issued by RBI?
1) Rs.5
2) Rs.10
3) Rs.1
4) Rs.100
5) Rs.500

4. Currency issued by RBI (and also by government of India) is called .............
1) Auction Tender
2) Trade Tender
3) Legal Tender
4) Bound Tender
5) None

5. On the RBI issued paper currency, who put the signature?
1) Deputy Governor, RBI
2) President of India
3) Prime Minister
4) Finance Secretary
5) Governor

6. Rs.1 paper currency issued by ......
1) RBI
2) SIDBI
3) Government of India
4) Indian Banks Association
5) All of above

7. Rs. 1 paper currency sign by ...........
1) Governor of RBI
2) Prime Minister
3) Finance Secretary
4) Finance Minister
5) IBA Chairman

8. Which Act conferred the monopoly on Government of India to issue currency notes, ending the issue of currency by presidency and private banks?
1) Paper Currency Act 1961
2) Paper Currency Act 1891
3) Paper Currency Act 1861
4) Paper and Coins Act 1861
5) None

9. Government of India issued the entire currency notes till .............
1) establishment of State Bank of India
2) establishment of RBI
3) establishment of Ministry of Finance
4) establishment of Indian Banks Association
5) None

10. In which year the RBI first time issued Rs.5 Bank Note bearing the portrait of George VI?
1) 1935
2) 1936
3)1937
4) 1938
5) 1947

11.The denomination of any paper currency to be minted by RBI decides by ...
1) State Bank of India
2) Indian Banks Association
3) Bank Chairmans
4) Planning Commission
5) Government of India

12. As per the present rules, RBI can issue the paper currency denomination up to the value of .............
1) Rs.10,000
2) Rs.20,000
3) Rs.50,000
4) Rs.40,000
5) None

13. First time Rs.1000 and Rs.10000 bank notes were demonetized in........
1) 1946
2) 1957
3) 1949
4) 2000
5) 2001

14. In which year again the large value denomination bank notes Rs. 1000, Rs.5000 and Rs. 10000 were reintroduced?
1) 1957
2) 1969
3) 1965
4) 1954
5) 2000

15. Second time Rs. 1000 and Rs.10000 (also Rs.5000) demonetized in the year of .....
1) 1996
2) 2000
3) 1984
4) 1978
5) 2003