National Insurance Company Limited (NICIL) Administrative Officer Exam General Awareness Solved Paper (exam Held on:12-04-2015)

1. Which of the following is the largest general insurance company of India on the basis of gross premium collection inclusive of foreign operations? 
(a) United India Insurance Company Limited 
(b) Oriental Fire and General Insurance Company Limited 
(c) New India Assurance Company Limited 
(d) Agriculture Insurance Company of India 
(e) National Insurance Company Limited 
(Ans : c)

2. The proposed Micro Units Development Refinance Agency (MUDRA Bank) will have a Credit Guarantee corpus of– 
(a) Rs. 15000 crore 
(b) Rs. 10000 crore 
(c) Rs. 3000 crore 
(d) Rs. 20000 crore 
(e) Rs. 5000 crore 
(Ans : c)

3. The chemical name of ‘caustic soda’ is– 
(a) potassium hydroxide 
(b) aluminium oxide 
(c) sodium hydroxide 
(d) sodium chloride 
(e) sodium bicarbonate 
(Ans : c)

4. The term ‘Front-end load’ is associated with– 
(a) term deposits 
(b) term loans 
(c) insurance policies 
(d) mutual funds 
(e) government securities 
(Ans : d)

5. When an insurer passes some part of or all risks to another insurer called Re-insurer, this type of insurance is called– 
(a) Self Insurance 
(b) Dual Insurance 
(c) Void Insurance 
(d) Two Fold Insurance 
(e) Re-insurance 
(Ans : e)

6. The capital of the ‘People’s Republic of China’ is– 
(a) Taiwan 
(b) Hong Kong 
(c) Shanghai 
(d) Beijing 
(e) Shenzhen 
(Ans : d)

7. A complaint can be lodged with the insurance ombudsman by an aggrieved– 
(a) corporate policy holder 
(b) trust/association holding an insurance policy 
(c) sole-proprietor of a firm holding the insurance policy 
(d) individual policy holder 
(e) partnership firm 
(Ans : d)

8. Which of the following teams won the Santosh Trophy, the main State competition in Indian Football? 
(a) Punjab 
(b) Asom 
(c) Services 
(d) West Bengal 
(e) Maharashtra 
(Ans : c)

9. ‘Joko Widodo’ has been elected as President of– 
(a) Indonesia 
(b) Mexico 
(c) Argentina 
(d) Ukraine 
(e) Austria 
(Ans : a)

10. The FIBA Cup is associated with which among the following sports? 
(a) Table tennis 
(b) Basketball 
(c) Hockey 
(d) Football 
(e) Cricket 
(Ans : b)

11. An agency which holds electronic records of insurance policies issued to individuals, is known as–
(a) Insurance Depository 
(b) Insurance Attorney 
(c) Stock Insurance Company 
(d) Insurance Actuary 
(e) Insurance Repository 
(Ans : e)

12. A life insurance policy which provides coverage at a fixed rate of payments for a limited period of times, is known as– 
(a) Whole Life Insurance 
(b) Variable Universal Life Insurance 
(c) Term Life Insurance 
(d) Universal Life Insurance 
(e) Permanent Life Insurance 
(Ans : c)

13. ‘Tribhuvan International Airport’ is situated in– 
(a) Port Louis (Mauritius) 
(b) Paro (Bhutan) 
(c) Jakarta (Indonesia) 
(d) Kathmandu (Nepal) 
(e) Bangkok (Thailand) 
(Ans : d)

14. Under the recently re-launched Varishtha Pension Bima Yojana (VPBY) for senior citizens, the insured person can receive a monthly pension ranging from 
(a) Other than those given as options– 
(b) Rs. 100 to Rs. 5000 
(c) Rs. 500 to Rs. 5000 
(d) Rs. 1000 to Rs. 10000 
(e) Rs. 50 to Rs. 500 
(Ans : c)

15. Lia Van Leer of Israel, who recently died at the age of 90 years, is a pioneering figure in the field of– 
(a) cultural studies 
(b) farm productivity and profitability 
(c) human computer protection 
(d) film programming and archiving 
(e) film photography 
(Ans : d)

16. Against a global average of 50%, the female labour force participation rate in India is found to be– 
(a) 23% 
(b) 53% 
(c) 33% 
(d) 63% 
(e) 13% 
(Ans : c)

17. Who amongst the following has recently been appointed by the Ministry of Development of North Eastern Region as the Brand Ambassador of the North-East region? 
(a) Mary Kom 
(b) Sarjubala Devi 
(c) Suman Bala Devi 
(d) M. Thomas Meiter 
(e) Likhmabam Sushila 
(Ans : a)

18. The Cabinet Minister for Civil Aviation in the Union Council of Ministers, is– 
(a) Ananth Kumar 
(b) Radha Mohan Singh 
(c) Anant Geete 
(d) Jual Oram 
(e) Ashok Gajapati Raju 
(Ans : e)

19. It is a joint venture between Housing Development Finance Corporation (HDFC), one of India’s leading housing finance institution and– 
(a) Standard Life 
(b) Prudential Life 
(c) Sun Life 
(d) Max Life 
(e) Aviva India 
(Ans : a)

20. According to the Stockholm International Peace Research Institute (SIPRI), which one of the following is the world’s biggest importer of arms during the five year period from 2010 to 2014? 
(a) India 
(b) Iran 
(c) Germany 
(d) Pakistan 
(e) China 
(Ans : a)

21. Prime Minister recently inaugurated the first of the eight Coastal Surveillance Radar Systems (CSRS) being set-up by India in which of the following countries? 
(a) Mauritius 
(b) Sri Lanka 
(c) Maldives 
(d) Seychelles 
(e) Philippines 
(Ans : d)

22. The traditional new year celebrations ‘Rongali Bihu’ which is celebrated with fun in abundance by all people irrespective of caste, creed and belief in the Indian State of– 
(a) Goa 
(b) Asom 
(c) Telangana 
(d) Andhra Pradesh 
(e) Odisha 
(Ans : b)

23. The ‘Kaziranga National Park’ is situated in the Indian State of– 
(a) Asom 
(b) West Bengal 
(c) Uttarakhand 
(d) Chhattisgarh 
(e) Bihar 
(Ans : a)

24. The Japanese encephalitis, a virus born disease, which claimed many deaths in India recently, affects which part of the human body? 
(a) Kidney 
(b) Brain 
(c) Lungs 
(d) Intestine 
(e) Heart 
(Ans : b)

25. The ‘Pudhu Vezhvu Scheme’ is an empowerment and poverty reduction initiative launched by– 
(a) Tamil Nadu 
(b) Andhra Pradesh 
(c) Kerala 
(d) West Bengal 
(e) Telangana 
(Ans : a)

26. Which of the following noted Gandhians, is known for his rendition of Gandhi katha-stories on the Mahatma’s life, which he look across the world and received much acclaim for it? 
(a) SN Subbarao 
(b) Rajmohan Gandhi 
(c) ManadevDesai 
(d) Narayan Bhai Desai 
(e) Chandi Prasad Bhatt 
(Ans : d)

27. Which of the following organisation process insurance claims or certain aspects of employed benefit plans for a separate entity? 
(a) Insurance broker 
(b) Insurance surveyor 
(c) Third party owner 
(d) Insurance agent 
(e) Third party administrator 
(Ans : e)

28. The ‘National De-worming Day’ is observed in India every year on– 
(a) June 10 
(b) April 10 
(c) March 10 
(d) February 10 
(e) May 10 
(Ans : d)

29. Under the Sukayana Samridhi Yojana (SSN), the interest is payable by the Bank at the rate of– 
(a) 8% 
(b) 8.7% 
(c) 8.5% 
(d) 8.9% 
(e) 9.1% 
(Ans : e)

30. What is the minimum number of employees is a firm covered by the retirement fund body Employees Provident Fund Organisation (EPFO) for providing social security net? 
(a) Ten 
(b) Twenty 
(c) Thirty 
(d) Fifteen 
(e) Forty 
(Ans : a)

31. The Transatlantic Trade and Investment Partnership (TTIP), is a trade and investment agreement under negotiation between the– 
(a) European Union and the USA 
(b) European Union and India 
(c) World Trade Organisation and India 
(d) European Union and China 
(e) India and the USA 
(Ans : a)

32. The currency ,of , the ‘Republic of Mauritius’ is– 
(a) Other than those given as options 
(b) Mauritian Riyal 
(c) Mauritian Rial 
(d) Mauritian Rupee 
(e) Mauritian Rufiyaa 
(Ans : d)

33. ‘One Life is Not Enough’ is an autobiography of– 
(a) Prime Minister Narendra Modi 
(b) Natwar Singh 
(c) Dr. Manmohan Singh 
(d) Sharad Pawar 
(e) APJ Abdul Kalam 
(Ans : b)

34. Future Group is an Indian private conglomerate, which is known for having a significant prominence in Indian retail and fashion sector, with popular supermarket chain– 
(a) Hyper City 
(b) Easy Day 
(c) More 
(d) D-Mart 
(e) Big Bazaar 
(Ans : e)

35. In the recent Finance Bill-2016 place before parliament, government proposed the merging of commodity futures market regulator, Forward Markets Commission (FMC) with– 
(a) IRDA 
(b) PFRDA 
(c) SEBI 
(d) RBI 
(e) FLSRC 
(Ans : c)

36. An insurance purchased by agricultural producers to protect themselves against either the loss of their crops due to natural disasters or loss of revenue due to declines in the prices of agricultural commodities, is known as– 
(a) Crop Insurance 
(b) Third Party Insurance 
(c) Gap Insurance 
(d) Marine Insurance 
(e) Auto Insurance 
(Ans : a)

37. Discovered in 1866, the ‘Mesabi 1ron Range’ is the chief deposit of iron-ore in– 
(a) South America 
(b) Russia 
(c) Australia 
(d) Europe 
(e) the USA 
(Ans : e)

38. According to latest Economic Census released by National Statistical Association, which State has emerged top among states having more household enterprises? 
(a) Haryana 
(b) Maharashtra 
(c) Tamil Nadu 
(d) Karnataka 
(e) Rajasthan 
(Ans : c)

39. ‘Tasmania’ is an island State and is part of the– 
(a) Commonwealth of Puerto Rico 
(b) Commonwealth of Marina Islands 
(c) Commonwealth of Australia
(d) Commonwealth of Pennsylvania 
(e) Commonwealth of Massachusetts 
(Ans : c)

40. ‘United Nations Industrial Development Organisation’ that promotes industrial development is the specialised agency of the United Nations. It is headquartered in– 
(a) Rome (Italy) 
(b) New York (USA) 
(c) Vienna (Austria) 
(d) Paris (France) 
(e) Gland (Switzerland) 
(Ans : c)

BANKING AWARENESS PRACTICE QUESTIONS

1. ____ is raised in capital markets
a) Funds through long term securities
b) Long term loans through Govt. securities
c) Medium term loans
d) Short - term instruments
e) None of the above

2. Interest on Government securities on fixed basis is known as:
a) Bank rate
b) Coupon
c) Prime Lending Rate
d) Bench mark PLR
e) None of the above

3. As per latest guidelines _____ also attract TDS:
a) Fixed deposits
b) Reinvestment deposits
c) NRO SB
d) NRO FDR
e) Recurring deposits

4. What is meant by development Oriented banking?
a) Infrastructure financing
b) Extending loans to States, which are least developed
c) Taking up the task of development of the economy by providing support to under privileged
sections of the society
d) All of the above
e) None of the above

5. The main function of SIDBI is:
a) Promotion of SSI
b) Finance of SSI
c) Development of SSI
d) All of the above
e) None of the above

6. When a bank returns a cheque unpaid, it is called?
a) Payment of the cheque
b) Drawing of the cheque
c) Cancelling of the cheque
d) Dishonour of the cheque
e) Taking of the cheque

7. Now-a-days RBI uses Selective credit control measures rather infrequently because of:
a) Deregulation of functions
b) Autonomy given to banks
c) Comfortable liquidity
d) Reasonable inflation level
e) All of the above

8. RBI pays interest on CRR balances of banks at _____.
a) Bank Rate
b) Repo Rate
c) Bank Rate minus 2%
d) Zero %
e) None of the above

9. The Bank should comply and intimate the compliance of Award to Ombudsman within ______
a) 2 Months
b) 3 months
c) One month
d) One year
e) None of the above

10. What are the features of selective credit control?
a) They distinguish between essential and nonessential uses of Bank credit
b) Only nonessential uses are brought under the scope of Credit Bank controls
c) They affect not only the lenders but also the borrowers
d) All the above
e) None of the above

11. Which of the following are the targets for different categories of priority sector?
a) Overall target 40% of net Bank credit
b) Agriculture loans (direct and indirect) 18%
c) Priority sector target for foreign Banks is 32%
d) All of the above
e) None of the above

12. NSC (National Savings Certificates) are issued in the denominations of:
a) Rs.100
b) Rs.500
c) Rs.1000
d) Rs.5000 & Rs.10,000 only
e) All of the above

13. Which of the following can be called as intermediary in the Financial System?
a) Insurance companies
b) Banking companies
c) Mutual funds
d) All of the above
e) None of the above

14. A depositor wants to give nomination in favour of a Needy Charitable Trust. Is it acceptable to the banker?
a) Yes, anyone can be a nominee
b) No, only a blood relative should be a nominee
c) As per the discretion of the Branch Manager
d) No, as per Nomination Guide lines only Individuals can be nominated as Nominee and not institutions
e) None of the above

15. Which of the following is not an India based credit rating agency?
a) CRISIL
b) CARE
c) Standard & Poor
d) ICRA
e) None of the above

16. SMERA is an SME Rating Agency in India meant for?
a) Rating on credit worthiness of MSME
b) Rating on Quality Management
c) Rating on Training System
d) Rating on Technology usage in the organization
e) None of the above

17. Which of the following is not insured by the DICGC?
a) All Indian commercial Banks
b) Foreign Banks branches functioning in India
c) Local Area Banks
d) Cooperative Banks
e) Primary cooperative societies

18. Which of the following is not a feature of Recurring Deposit Account?
a) Rate of interest will be higher than Savings Bank Account
b) Loan facility is available on Recurring Deposit
c) No TDS on the interest earned
d) Premature closure of the Recurring Deposit Account is not allowed
e) None of the above

19. Cash Reserve Ratio is to be maintained by banks with reference to which of the following?
a) Time liabilities
b) Demand liabilities
c) Time and demand liabilities
d) Net demand and time liabilities
e) None of the above

20. What is the minimum CRR as per the relevant Act?
a) No minimum
b) 4%
c) 3%
d) 6%
e) 8%

21. Which of the following is not true in case of SARFAESI Act 2002?
a) Banks can take action of recovery of loan, in case of NPA, without intervention of court
b) Minimum Rs 1.00 lakh overdue should be in the loan account
c) Sixty days notice to be given under the Act to the defaulted borrower
d) SARFAESI Act can be implemented even if one installment in term loan is overdue
e) All of the above

22. The main function of an Asset Management Company is:
a) Hold the securities of various schemes
b) Manage the funds by making investments in various types of securities
c) Hold its property for the benefit of the unit holders
d) Act on behalf of SEBI
e) All of the above

23. Which kind of assistance is provided by EXIM Bank to Indian Companies?
a) Direct loans to exporters
b) Technology services
c) Credit for export of capital goods
d) a and b
e) All of the above

24. Which of the following includes "banking business" as per Banking Regulation Act?
a) Acceptance of deposit
b) Collection of bills
c) Buying of foreign exchange
d) All of the above
e) None of the above

25. Which of the following acts deals with the Right of Appropriation?
a) Indian Contract Act
b) Companies Act
c) Negotiable Instruments Act
d) All of the above
e) None of the above

26. Depositories hold shares in ______ form:
a) Physical
b) Dematerialized
c) Either a or b
d) Both a and b
e) None of the above

27. What is the full form of NBMSME?
a) National Bank for Micro, Small and Medium Enterprises
b) National Board for Micro, Small and Medium Enterprises
c) National Board for Micro, Selected Medium Enterprises
d) National Bank for Medium and selected Medium Entrepreneurs
e) None of the above

28. NRI Deposits are classified under:
a) Capital a/c
b) Current a/c
c) Special Foreign Deposit Account
d) Either b or c
e) None of the Above

29. Which type of machine is used by Business Correspondents?
a) Micro ATMs
b) POS
c) Biometric Card Reader
d) Solar empowered
e) Water resistant

30. _____ provides Clearing House facilities for netting of Payments and Security delivery:
a) Primary dealers
b) Banks
c) Stock exchanges
d) All of the above
e) None of the above

31. ____ is the regulatory authority for Mutual funds:
a) IRDA
b) SEBI
c) RBI
d) Ministry of Corporate affairs
e) All of the above

32. The Main activity of the Financial Intelligence Unit India (FIUIND) is to control:
a) Tax Evasion
b) Money Laundering
c) Terrorism
d) Avoiding NPAs
e) Avoiding frauds in ATMs

33. Primary dealers deal in:
a) Shares b) Insurance
c) Government securities
d) None of the above
e) All of the above

Answers:
1) a; 2) b; 3) e; 4) c; 5) d; 6) d; 7) e; 8) d; 9) c; 10) d;
11) d; 12) e; 13) d; 14) d; 15) c; 16) a; 17) e; 18) d; 19) d; 20) a;
21) d; 22) b; 23) e; 24) d; 25) a; 26) b; 27) b; 28) a; 29) c; 30) c;
31) b; 32) b; 33) c.

TENTATIVE CALENDER OF EXAMINATIONS FOR IBPS

IBPS COMMON RECRUITMENT FOR CLERICAL CADRE (CWE CLERKS - V)

The online examination (Preliminary and Main) for the next Common Recruitment Process for selection of personnel for Clerical cadre Posts in the Participating Organisations listed below is tentatively scheduled in December 2015 & January 2016.

Participating Organisations:
Allahabad Bank, Canara Bank, Andhra Bank, Central Bank of India, Bank of Baroda, Corporation Bank, Bank of India, Dena Bank Bank of Maharashtra, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab National Bank, Punjab & Sind Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India, Vijaya Bank, Any other bank or financial institution.

Qualification: Degree (Graduation) in any discipline.

Computer Literacy: Operating and working knowledge in computer systems is mandatory.

Age (As on 01.08.2015): Minimum: 20 years; Maximum: 28 years.

How to Apply: Candidates can apply online only from 11.08.2015 to 01.09.2015.

Mode of Payment: Candidates have the option of making the payment of requisite fees/ intimation charges through the Online mode only.

Online Examination (Preliminary): 05.12.2015, 06.12.2015, 12.12.2015, 13.12.2015.

Online Examination (Main): 02 & 03.01.2016

Website: http://www.ibps.in/

For Notification Click Here

GENERAL AWARENESS PRACTICE MCQs FOR ALL BANK EXAMS

1. The poor cannot provide security to get loans from banks. Banks also cannot provide small quantum of loans citing high operating cost. So to help the poor, which type of finance
system developed?
1) Lottery Loan Schemes
2) Super Vision Finance
3) Ponzi Schemes
4) Money Laundering Schemes
5) Micro Finance System

2. Who is called "father of microfinance systems" introduced the concept of Microfinance in Bangladesh in the "Grameen Bank"?
1) Atiur Rahman
2) Ashraf Mahmood Wathra
3) Muhammad Yunus
4) Dr. Chiranjivi Nepal
5) Arjuna Mahendran

3. During the periods 1970-1980, the microenterprise movement led to the emergence of NGOs. NGO means .........
1) neo government organization
2) number governmental organization
3) no governmental organization
4) non governmental organizations
5) None

4. In the 1990s, a number of institutions transformed themselves into formal micro finance institutions. Which is the first microfinance institution in India established?
1) Margadarsi
2) Sri ram
3) Mutthoot
4) Bandhan
5) Manappuram

5. Recommendations of Malegam committee on Micro Finance Sector do not include ........
1) MFI should not charge more than 24% of its disbursed loans.
2) Processing fee on the loan amount must not be more than 1%.
3) Margin of interest to be not more than 20 percent.
4) MFIs should lend to an individual borrower only as a member of a JLG and should have the responsibility of ensuring that the borrower is not a member of another JLG.
5) Bank advances to MFIs should continue to enjoy 'priority sector lending' status.

6. The beneficiary in the Micro Finance lending is .........
1) Daily wage labour
2) Marginal farmers
3) Vendors in the small markets
4) Land less labour
5) All of above

7. Which of the following statements is wrong regarding the Micro Finance System?
1) The system originally intended to enable women to avail the credit for income generation.
2) Women barrow the money and use it for productive work to come out of poverty under this system.
3) Tribal women are barred to avail this system as they are illiterate.
4) Highlight of this system is mutual faith and reciprocity.
5) It is more successful in tribal areas.

8. Whether Micro Finance System is the part of Financial Inclusion?
1) No
2) Partly it is part of Financial Inclusion
3) Yes
4) No, because RBI debarred it
5) None of above

9. Which nation announced to open the New Suez Canal on 6 August 2015?
1) Italy
2) Spain
3) Egypt
4) Greece
5) Macedonia

10. Indian Micro Finance Institutes (MFI) usually adopt the groupbased lending models. They are
of two types, SHG model and JLG model. SHG means .........
1) Self Hedge Group
2) Sequence Hedge Group
3) Single Help Group
4) Self Help Group
5) None

11. JLG means .........
1) Joint Liability Game
2) Josh Liability Group
3) Joint Loan Group
4) Junior Liability Group
5) Joint Liability Group

12. To control high rate interest rates, coercive collections and illegal insurance practices by the Micro Finance Institutes, Andhra Pradesh government passed Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Act in .........
1) 2013
2) 2005
3) 2007
4) 2009
5) 2011

13. In the Not-For-profit Micro Finance Institutes, Which among the following are included?
1) Societies
2) Public Trusts
3) Non-profit companies
4) All of above
5) None

14. Co-operatives registered under state or National Acts and MACS come under Mutual benefit MFIs. MACS means .........
1) Moral-Aided Co-operative Societies
2) Mint-Aided Co-operative Societies
3) Mutually-Aided Co-operative Societies
4) Mutually-Aided Core Societies
5) None

15. Non-banking financial companies, producer companies and LAB come under the category of For-Profit -MFIs. LAB means .........
1) Loan Area Banks
2) Legal Area Banks
3) Local Axis Banks
4) Local Area Banks
5) None of these

16. SKS Microfinance Ltd, the famous listed micro lender in the country founded by .........
1) Sudipa Sen
2) M.B.N. Rao
3) Kunal Ghosh
4) Vikram Akula
5) None

17. Who launched an ''India Microfinance Platform'', a portal on microfinance activities across the country, with the assistance of World bank?
1) SBI
2) ICICI
3) SIDBI
4) Exim Bank
5) NABARD

18. Which committee has recommended creation of a separate category of NBFCs operating in the microfinance sector to be designated as NBFC-MFIs (Non-Banking Finance Company-Micro Finance Institutes)?
1) C. Ranga Rajan
2) Chandra Sekar
3) Y.H. Malegam
4) Tarapore
5) R.K. Sundaram

19. Microfinance Institutions Network (MFIN) CEO is .........
1) Rajiv Akula
2) Deepak Parekh
3) Alok Prasad
4) Veena Jain
5) K. Prabhakar

20. RBI asked banks to issue only EMV chip based and PIN enabled debit and credit cards from .........
1) 1 July 2016
2) 1 June 2016
3) 1 September 2015
4) 1 January 2016
5) 31 December 2015

21. Vikas Swarup assumed charge as spokesperson in the External Affairs Ministry on 18 April 2015. Which of his novels made into Oscar winning film, the Slumdog Millionaire?
1) Bombay Salam
2) Q&A
3) Kaun Banega Karorpathi
4) Lakshyam
5) IAS

22. BCCI decided to scrap which trophy from 2015-16 calendar year?
1) Vijay Hazare Trophy
2) Duleep Trophy
3) Ranji Trophy
4) Irani Trophy
5) All of above

23. Player and related sport given. Locate the wrong combination?
1) Shubham Jaglan - Shooting
2) Kagiso Rabada - Cricket
3) Ritu Rani - Hocky
4) Geeta Phogat - Wrestling
5) Yuki Bhambri - Tennis

24. First World Youth Skills Day (WYSD) observed on which day in the year 2015?
1) 15 July
2)12 Jan
3) 31 May
4) 1 Dec
5) 1 July

25. Theme of Youth Skills Day 2015 is .........
1) Improve your skill please
2) Skill Globe, the nice Globe for Employment
3) Skill kill the Unemployment
4) Skill to Improve Your Empowerment
5) Youth skills for work and life in the post- 2015 agenda

26. To mark the Youth Skills Day 2015, on 15 July 2015, which scheme launched by Union Ministry of Skill Development and Entrepreneurship (MSDE)?
1) Swatch Bharath
2) JAM
3) Make India
4) Swabhiman
5) Skill India

27. Union Minister of State for Skill Development and Entrepreneurship (Independent Charge) is .........
1) Prathap Rudy
2) Prakash Javedkar
3) V.K. Singh
4) Nirmala Sitharaman
5) Bandaru Dattathreya

28. On the eve of Youth Skills Day, PMKVY was launched. PMKVY stands for .........
1) Pradhan Mantri Kishore Vikash Yojana
2) Pradhan Mithra Kaushal Vikash Yojana
3) Pradhan Mantri Kaushal Visesh Yojana
4) Pradhan Mantri Kaushal Vikash Yagna
5) Pradhan Mantri Kaushal Vikash Yojana

29. Who heads the Government Committee on Net Neutrality?
1) Rahul Khullar
2) Ravi Shankar Prasad
3) A.K. Bhargava
4) Sampitroda
5) None of above

30. International Nelson Mandela Day was observed on .........
1) 22 April
2) 22 Feb
3) 2 Oct
4) 18 July
5) 25 Dec

31. UNESCO has chosen which Indian City as City of Music under the Creative Cities Network?
1) Varanasi
2) Gaya
3) Basara
4) Agra
5) Amaravathi

32. Who heads the expert group formed to classify the Caste-Tribe data of the Socio Economic and Caste Census 2011?
1) Bibek Debroy
2) Ashok Gulati
3) Arvind Panagariya
4) Chandramouli
5) Pandu Ranga Acharya

33. Muhammadu Buhari Elected as a President of .........
1) UAE
2) Saudi Arabia
3) Nigeria
4) Guatemala
5) Yemen

34. On 16 July 2015, RBI has constituted a committee to prepare a 5 year action plan to spread the reach of financial services across country to unbanked population headed by .........
1) Usha Thorat
2) H.R. Khan
3) Nachiket Mor
4) D. Subba Rao
5) Deepak Mohanty

35. Justice R M Lodha committee constituted to probe .........
1) Common wealth games scam
2) 2 G Spectrum scam
3) Black money hoarding in Foreign nations
4) Irregularities in LPG gas dealers selection process
5) IPL Betting Scandal 2013

36. Lt General Man Mohan Singh Rai appointed as the .........
1) Army chief
2) Vice-Chief of Indian Army
3) Navy Chief
4) DRDO chief
5) Union Minister of state for Defence Affairs

37. International population day celebrates on .........
1) 7 July
2) 10 July
3) 11 June
4) 11 July
5) 5 Sep

38. International population day 2015 Theme .........
1) Say No to Population to Save the World
2) Save the Globe from Population disasters
3) Kill the population growth in Developing Nations
4) Vulnerable Population in Emergencies
5) None of above

39. Global Economic Prospects (GEP) released by .........
1) IEA
2) World Bank
3) WTO
4) European Central Bank
5) IMF

40. How much amount of soft loan provided by the government to sugar mills to clear dues to farmers?
1) Rs.16,000 crores
2) Rs.8,000 crores
3) Rs.6,000 crores
4) Rs.2,000 crores
5) Rs.10,000 crores

41. 7th BRICS summit concluded at .........?
1) New Delhi, India
2) Ufa, Russia 3) Beijing, China
4) Fortaleza, Brazil
5) Durban, South Africa

42. On 21 July 2015, supreme court rejected the central government's review plea seeking OBC status to ............ ?
1) Rajputs
2) Sikhs
3) Muslims
4) Nepalese Nationals
5) Jats

ANSWERS: 
1-5, 2-3, 3-4, 4-4, 5-3, 6-5, 7-3, 8-3, 9-3, 10-4
11-5, 12-5, 13-4, 14-3, 15-4, 16-4, 17-3, 18-3, 19-3, 20-3
21-2, 22-2, 23-1, 24-1, 25-5, 26-5, 27-1, 28-5, 29-3, 30-4
31-1, 32-3, 33-3, 34-5, 35-5, 36-2, 37-4, 38-4, 39-2, 40-3, 41-2, 42-5

STATE BANK OF INDIA PROBATIONARY OFFICERS MAIN EXAM GENERAL AWARENESS PRACTICE QUESTIONS

1. Who bagged the men's title at the 63rd National Senior Squash championship on July 12, 2015?
1) Saurav Ghosal
2) Harinder Pal Singh Sandhu
3) Saurabh Nayar
4) Sanjay Rajpal
5) None of the above

2. Sriram Kalyanaraman has been appointed as Managing Director and Chief Executive Officer of?
1) IDBI Bank
2) NHB
3) SIDBI
4) IFCI
5) Corporation Bank

3. Who won the 2015 Wimbledon Men's singles tennis championship on July 12, 2015?
1) Roger Federer
2) Richard Gasquet
3) Novak Djokovic
4) Andy Murray
5) Marin Cilic

4. The seventh BRICS Summit was held in July 2015 in?
1) Durban
2) Fortaleza
3) Sanya
4) Ufa
5) Yekaterinburg

5. The headquarters of the United Nations Environment Programme is in?
1) Washington
2) Geneva
3) Zurich
4) Nairobi
5) None of the above

6. Who won the Best Director award at the 87th Academy Awards ceremony on February 22, 2015?
1) Bennett Miller
2) Wes Anderson
3) Morten Tyldum
4) Alejandro Gonzalez Inarritu
5) Richard Linklater

7. The first National Tribal Festival "VANAJ" was held in February 2015 in?
1) Shillong
2) New Delhi
3) Agartala
4) Kohima
5) Raipur

8. The Union Government has constituted a High Level panel to suggest a framework to assess Corporate Social Responsibility (CSR) activities undertaken by companies under the Companies Act, 2013. The panel is headed by?
1) Anil Baijal
2) Deepak Nayyar
3) Onkar S. Kanwar
4) Kiran Karnik
5) None of the above

9. The first Renewable Energy Global Investors Meet & Expo (REInvest 2015) was held in February
2015 in?
1) Mumbai
2) Srinagar
3) Kolkata
4) New Delhi
5) Gandhinagar

10. Which was the partner country for RE-Invest 2015?
1) France
2) USA
3) Germany
4) Japan
5) UK

11. Dhanak, a Hindi film, was honored with The Grand Prix of the Generation Kplus International Jury for the best feature length film at the 65th Berlin International Film Festival in February 2015. Dhanak was directed by?
1) Priyadarshan
2) Shekhar Kammula
3) Nagesh Kukunoor
4) Prakash Jha
5) Madhur Bhandarkar

12. Who was awarded the inaugural Charleston-EFG John Maynard Keynes Prize 2015?
1) Paul Krugman
2) Amartya Sen
3) Venkatraman Ramakrishnan
4) Jean Dreze
5) None of these

13. A ceasefire deal was reached between Russia and Ukraine on February 12, 2015 in?
1) Minsk
2) Paris
3) Kiev
4) Berlin
5) Moscow

14. A Special Investigation Team (SIT) was constituted on February 12, 2015 to reinvestigate the
1984 anti-Sikh riot cases. The SIT is headed by?
1) Rakesh Kapoor
2) Pramod Asthana
3) Kumar Gyanesh
4) Alok Joshi
5) None of the above

15. The Prime Minister Narendra Modi launched Soil Health Card (SHC) scheme on February 19, 2015 in Suratgarh in?
1) Haryana
2) Gujarat
3) Rajasthan
4) Uttar Pradesh
5) Himachal Pradesh

16. The Y. Nayudamma Memorial Award for the year 2014 was given to?
1) Tessy Thomas
2) Geeta Varadan
3) A. Sivathanu Pillai
4) Both 1 and 2
5) All 1, 2 and 3

17. Which of the following teams topped the medals tally with 91 gold medals at the 35th National
Games in Kerala?
1) Services
2) Kerala
3) Haryana
4) Maharashtra
5) Punjab

18. Who won the Indian Open golf title in February 2015?
1) S.S.P. Chowrasia
2) Siddikur Rahman
3) Anirban Lahiri
4) Jyothi Randhawa
5) None of the above

19. Yash Bharti Samman is given for excellence in literature, fine arts, folk and classical music and sports.
It is the highest civilian award of?
1) Bihar
2) Uttar Pradesh
3) Himachal Pradesh
4) Haryana
5) Rajasthan

20. Who has been conferred the Yash Bharti Samman?
1) Shekar Gupta
2) Saina Nehwal
3) Vinod Mehta
4) Susheel Kumar
5) Arunima Sinha

21. The first World Ocean Science Congress (WOSC) was held in February 2015 in?
1) Kochi
2) Panaji
3) Kolkata
4) Kandla
5) Tuticorin

22. The Energy and Resources Institute (TERI) was established in
1974. It is located in?
1) Pune
2) New Delhi
3) Kolkata
4) Guwahati
5) Chennai

23. The Economic Survey 2014-15 was prepared by the Chief Economic Adviser?
1) Rajiv Mehrishi
2) Arvind Mayaram
3) Arvind Subramanian
4) Kaushik Basu
5) None of the above

24. The Union Minister for Health & Family Welfare has declared which of the following days as
the National Deworming Day?
1) February 8
2) February 10
3) February 9
4) February 7
5) February 6

25. Ruthvika Shivani is the women's national champion in?
1) Chess
2) Tennis
3) Badminton
4) Table Tennis
5) Archery

26. Sajan Prakash was the Best Performer in the men's section at the 35th National Games. He won 6
golds and 2 silver in?
1) Athletics
2) Swimming
3) Gymnastics
4) Shooting
5) Boxing

27. Which team won the 3rd edition of the Hockey India League in February 2015?
1) Ranchi Rays
2) Jaypee Punjab Warriors
3) Delhi Waveriders
4) Uttar Pradesh Wizards
5) None of the above

28. Identify the mismatched pair? Tennis Player Country
1) Rafael Nadal Spain
2) Roger Federer Switzerland
3) Novak Djokovic Serbia
4) Stanislas Wawrinka Russia
5) Andy Murray Great Britain

29. Who won the ATP Challenger Delhi Open tennis title in New Delhi in February 2015?
1) Yuki Bhambri
2) Somdev Devvarman
3) Leander Paes
4) Rohan Bopanna
5) None of the above

30. The 36th National Games will be played in 2016 in?
1) Manipur
2) Karnataka
3) Goa
4) Telangana
5) Haryana

31. The 15th Delhi Sustainable Development Summit (DSDS) was organized in February 2015 by?
1) IISER
2) CCMB
3) IICT
4) TISS
5) TERI

32. India's first fenced elephant sanctuary will come up in?
1) Kerala
2) Karnataka
3) Tamil Nadu
4) Odisha
5) Maharashtra

33. The 14th Finance Commission recommended what percent devolution of divisible funds to
States?
1) 32%
2) 35%
3) 40%
4) 42%
5) 37%

34. Facebook has tied up with which company in India to provide basic internet services on mobile
for free?
1) Idea
2) Airtel
3) Reliance Communications
4) Vodafone
5) None of these

35. Lydia Ko is a professional golfer from?
1) Singapore
2) Australia
3) China
4) Japan
5) New Zealand

36. "Ammu", the mascot of the 35th National Games is?
1) Lion
2) Elephant
3) Peacock
4) The Great Hornbill
5) Rabbit

37. King Faisal International Prize is given by which of the following countries?
1) Iran
2) Iraq
3) UAE
4) Indonesia
5) Saudi Arabia

38. Lala Lajpat Rai was associated with the foundation of?
1) State Bank of India
2) Allahabad Bank
3) Central Bank of India
4) Punjab National Bank
5) Indian Bank

39. Kampala is the capital of which of the following African countries?
1) Rwanda
2) Kenya
3) Lesotho
4) Ethiopia
5) Uganda

40. CIBIL as a credit bureau caters to:
1) Consumer segments
2) Commercial segments
3) Both commercial and consumer segments
4) Nationalized Banks only
5) Private Banks only

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

STATE BANK OF INDIA PROBATIONARY OFFICERS MAIN EXAM GENERAL AWARENESS PRACTICE QUESTIONS

1. Which micro finance Company got license from RBI on 2 April 2014 along with IDFC?
1) Muthoot Finance LTD
2) South India Bank
3) Bandhan Financial Services
4) Manappuram Finance LTD
5) Margadarsi Chit Fund Private Limited

2. Bandhan Financial Services got a license to start a bank working from....
1) Chennai
2) Kolkata
3) Pune
4) Mumbai
5) Ahmadabad

3. Who is the Founder, Chairman and Managing Director of Bandhan Financial Services Limited, the first micro finance company to receive banking license in India?
1) Dr. Rajiv B.Lal
2) K.V. Kamath
3) Chandra Shekhar Ghosh
4) Nikesh Arora
5) Sunil Sabharwal

4. In which year Bandhan Financial Services Limited was formed to address the dual objective of poverty alleviation and women empowerment?
1) 1994
2) 1985
3) 1982
4) 2001
5) 2011

5. The Stake holder in Bandhan Bank is.....
1) International Finance Corporation (IFC) the wing of World Bank Group
2) Singapore’s sovereign wealth fund GIC
3) SIDBI
4) RBI
5) 1, 2 and 3

6. Who was appointed as the Chairman of newly established Bandhan Bank? (He is the former Chief Economic Advisor in the Union Ministry of Finance, Government of India).
1) Aravind Mayaram
2) Aravind Subramanyam
3) Ashok Kumar Lahiri
4) Ila Patnaik
5) Raghuram Rajan

7. Finance Ministry appointed a high level committee to interact with trade and industry on tax related issues headed by ........ on 3 December 2014.
1) Ashok Kumar Lahiri
2) D. Subba Rao
3) Pranjul Bhandari
4) Arvind Virmani
5) Kaushik Basu

8. Who was appointed as the new MD and CEO of housing finance sector regulator, National Housing Bank (NHB)?
1) Aditya Puri
2) Chanda Kocchar
3) Sriram Kalyanaraman
4) Deepak Parekh
5) Mrs. Shyamala Gopinath

9. Foreign Investment Promotion Board (FIPB) permitted which bank on 3 July 2015 to raise foreign investment limit to 55 %?
1) Kotak Mahindra Bank
2) ING Vysya Bank
3) IndusInd Bank
4) YES Bank
5) Tamilnad Mercantile Bank Limited

10. In order to improve credit discipline and reduce NPA level, on 2 July 2015 RBI asked lenders to make use of credit information available with CRILC for opening of current accounts. CRILC stands for....
1) Control Repository of Information on Large Credits
2) Central Response of Information on Large Credits
3) Central Repository of Information on Long Credits
4) Central Repository of Information on Large Credits
5) None

11. InTouch and InTouch Light, the two formats of branches are part of .......... digital banking strategy
1) Kotak Mahindra bank
2) HDFC Bank
3) YES Bank
4) SBI
5) ICICI

12. The InTouch and InTouch Light formats of SBI branch offer .....
1) instant account opening
2) instant issuance of debit card
3) live interaction with experts
4) opportunity to buy financial products and home loans under a single roof
5) All of above

13. Which state government has decided to form a non-banking financial services (NBFS) institution to utilize the surplus money with state-run corporations in form of bank deposits on 30 June 2015?
1) Assam
2) Kerala
3) Maharashtra
4) Haryana
5) Delhi

14. Money which is frequently transferred between financial institutions in an attempt to maximize interest or capital gain is called ............
1) Fiat Money
2) Zero Money
3) Hot money
4) No Money
5) None of above

15. Near money means ...........
1) The money exchanged with Dollars
2) Money with lower denomination
3) Money in the NRI Account, access by Online Banking
4) Highly liquid assets that can easily be converted into cash
5) None of above

16. Money declared as legal tender by government is called .....
1) Role Money
2) Key Money
3) Fiat Money
4) Deemed Money
5) Near Money

17. If money borrowed or lent for a day or overnight, that money is called .......
1) Hot money
2) Soft money
3) Near money
4) Call Money
5) Dear money

18. A hike in the price of money due to general fall in the price level is called .....
1) Appreciation of Money
2) Depreciation of Money
3) Cancellation of Money
4) True Money
5) Falling Money

19. A loan or credit available with a low interest rate is called ..........
1) Cheap Money
2) Easy Money
3) Fool Money
4) Call Money
5) None of above

20. The money available at high rate of interest is called ......
1) Near money
2) Hot money
3) Optional money
4) Fiat money
5) Dear money

21. MMID stands for.......
1) Mobile Mint Identifier
2) Mobile Mind Identifier
3) Mobile Money Identifier
4) Most Money Identifier
5) None

22. 'One rank One Pension' scheme relates to.....
1) Bank Employees
2) NRIs
3) Unorganised sector Employees
4) Anganwadi Workers
5) Ex-service men

23. National Institute of Ayurveda located at......
1) Hyderabad
2) Nagpur
3) Chennai
4) Jaipur
5) None of above

24. National Institute of Naturopathy located at.....
1) Chennai
2) Tiruvananthapuram
3) Kollam
4) Pune
5) Coimbatore

25. World Food Prize 2015 conferred on Sir Fazle Hasan Abed. He belongs to.....
1) Iran
2) UK
3) Bangladesh
4) UAE
5) USA

26. G D Birla Award for Scientific Research for 2014 conferred on .....
1) Ramam Saha Upadhyayi
2) Sanjeev Galande
3) Trinath Kaushik
4) Chandra Kumar Bhanvathi
5) None of above

27. Operation Shiva relates to......
1) rescue of Uttarakhand debris
2) rescue of Indian workers from Yemen
3) bringing back the criminals to normal society by Mumbai Police
4) bringing back black money from Switzerland
5) provide security for Amarnath Yatra

28. National Green Tribunal (NGT) on 2 July 2015 imposed a complete ban on plastic bags in the pilgrimage towns of ........
1) Haridwar and Varanasi
2) Varanasi and Rishikesh
3) Tirupathi and Rishikesh
4) Haridwar and Rishikesh
5) None of above

29. Which of the following non-Asian country has decided to join Asian Infrastructure Investment Bank as a founding member?
1) USA
2) Germany
3) Australia
4) South Korea
5) France

30. India will be the partner country for Russian Industrial Trade Fair INNOPROM 2016 to be held in....
1) Moscow
2) Saint Petersburg
3) Novosibirsk
4) Yekaterinburg
5) Nizhny Novgorod

31. FIFA (Federation Internationale de Football Association) 2014 foot ball cup won by......
1) Germany
2) Italy
3) France
4) USA
5) Uruguay

32. In FIFA 2014, Golden Ball award conferred on ......
1) James Rodriguez
2) Manuel Neuer
3) Ferndadz Amla
4) Lionel Messi
5) None

33. FIFA 2014 host Brazil. FIFA 2018 host is....
1) Russia
2) Qatar
3) Brazil
4) South Africa
5) Germany

34. FIFA 2022 host is .....
1) Qatar
2) Russia
3) Brazil
4) South Africa
5) Argentina

35. FIFA 2014 Runner is.......
1) Argentina
2) Netherlands
3) Brazil
4) UK
5) Russia

36. FIFA 2015 U-17 World Cup host by.....
1) Chile
2) USA
3) Argentina
4) France
5) Italy

37. The list of coming major Sports events in 2015 given. Locate the correct option.
1) World Archery Championships - Copenhagen - Denmark
2) Military World Games - Mungyeong - South Korea
3) International Association of Athletics Federations (IAAF) world Championship - Beijing - China
4) World Weightlifting Championships - Houston - USA
5) All of above

38. The COPA AMERICA 2015 details given. Identify the correct statement.
1) COPA AMERICA is an international football tournament for national teams in South America
2) 2015 Championship is the 44th in series
3) Host is Chile
4) Winner Chile and Runner Argentina
5) All of above

39. On 2 July 2015 Central Government gave its approval to the Central Sector Scheme for Promotion of National Agricultural Market through ATIF. ATIF stands for....
1) Agri - Tech Initial Fund
2) Agri - Tech Industrial Fund
3) Agri - Tech Indian Fund
4) Arid - Tech Infrastructure Fund
5) Agri - Tech Infrastructure Fund

40. Government of India on 1 July 2015 approved the setting up of an Online National Agriculture Market to.....
1) provide more options to sellers for selling their produce.
2) provide more options to farmers for selling their produce.
3) provide more options to buyers for reselling their produce.
4) provide more options to farmers for storing their produce
5) None

41. Matti Makkonen, the man responsible for conceiving the idea of short messaging service
(SMS) technology, died on 30 June 2015. He belongs to.....
1) UK
2) Netherlands
3) Finland
4) Australia
5) New Zeeland

42. Who was appointed as Executive Director of Amnesty International India on 18 June 2015?
1) Arjun Patel
2) Aakshay Patel
3) Aakar Patel
4) Ramanujam Vatsava
5) Chandana Swamy

43. 'Satantango', 'The Melancholy of Resistance' written by.....?
1) Magda Szabo
2) Gyula Illyes
3) Imre Kertesz
4) Laszlo Krasznahorkai
5) None

44. India slapped anti-dumping duty on ......imports from China, Malaysia and South Korea on 6 June 2015
1) Rice
2) Meat
3) Soft Ware Services
4) Steel
5) Coal

45. One-day International Conference on Nepal's Reconstruction (ICNR) concluded on 25 June 2015 at .....
1) New Delhi
2) Geneva
3) Rome
4) Washington
5) Kathmandu

ANSWEWRS:
1-3, 2-2, 3-3, 4-4, 5-5, 6-3, 7-1, 8-3, 9-1, 10-4
11-4, 12-5, 13-3, 14-3, 15-4, 16-3, 17-4, 18-1, 19-1, 20-5
21-3, 22-5, 23-4, 24-4, 25-3, 26-2, 27-5, 28-4, 29-3, 30-4
31-1, 32-4, 33-1, 34-1, 35-1, 36-1, 37-5, 38-5, 39-5, 40-2
41-3, 42-3, 43-4, 44-4, 45-5

GENERAL AWARENESS PRACTICE QUESTIONS FOR IBPS P.O. EXAM

1. MUDRA bank launched by PM on 27 June 2015 with a corpus of ........... and credit guarantee of Rs.3,000 crore.
1) Rs.10,000 crore
2) Rs.70,000 crore
3) Rs.20,000 crore
4) Rs.40,000 crore
5) None

2. MUDRA stands for ........
1) Mind Units Development and Refinance Agency
2) Minimum Units Development and Refinance Agency
3) Micro Units Development and Refinance Agency
4) More Units Development and Refinance Agency
5) None

3. Which bank is now under the obligation of refinancing micro-finance institutions in the business of lending to small entities?
1) RBI
2) SBI
3) MUDRA Bank
4) Corporation Bank
5) BMB

4. The role of MUDRA bank is .....
1) laying down policy guidelines for micro enterprise financing business, registration, accreditation and rating of MFI entities.
2) lay down responsible financing practices to ward off over-indebtedness and ensure proper client protection principles and methods of recovery.
3) to provide the finance to Non - Corporate Small Business Sector (NCSBS).
4) it would partner with state / regional level financial intermediaries to provide finance to last mile financier of small / micro business enterprises.
5) All of above

5. One of the product of MUDRA bank is Shishu. Shishu covers the loan up to .....
1) Rs.1,50,000
2) Rs.40,000
3) Rs.70,000
4) Rs.20,000
5) Rs.50,000

6. Kishor, one of the product of MUDRA bank provide the loan of ..........
1) Rs.50,000 to Rs.5 lakh
2) Rs.1,50,000 to Rs.5 lakh
3) Rs.20,000 to Rs.5 lakh
4) Rs.50,000 to Rs.15 lakh
5) None

7. Tarun, the product of MUDRA bank provides the loan of .......
1) Rs.5 lakh to Rs.7 lakh
2) Rs.3 lakh to Rs.10 lakh
3) Rs.5 lakh to Rs.15 lakh
4) Rs.1 lakh to Rs.10 lakh
5) Rs.5 lakh to Rs.10 lakh

8. Which of the following barrower is eligible to barrow from MUDRA bank?
1) Small manufacturing unit
2) Shopkeepers
3) Fruits / vegetable vendors
4) Artisans
5) All of above

9. Till a separate legislation made, MUDRA bank run as subsidiary of ......
1) SBI
2) NABARD
3) RBI
4) NHB
5) SIDBI

10. Which is the first bank launched Mudra Card under Pradhan Mantri Mudra Yojana based on the RuPay platform on 4 July 2015?
1) Axis Bank
2) SBI
3) Corporation Bank
4) Kotak Mahindra Bank
5) Canara Bank

11. Project Tatkal, an initiative to provide doorstep services and expedite Home Loan Application (HLA) process on 3 July 2015 launched by .......
1) SBI
2) Andhra Bank
3) PNB
4) Bank of India
5) UBI

12. Union minister for environment is ..........
1) Prakash Javadekar
2) Maneka Gandhi
3) Bandaru Dattatreya
4) Thawar Chand Gehlot
5) V.K. Singh

13. ICICI launches 'Tap-n-Pay' in collaboration with ....... based on the Near-Field Communications (NFC) technology?
1) TCS
2) Microsoft
3) Infosys
4) Tech Mahindra
5) None

14. The highlight of the 'Tap-n-Pay' is .....
1) enable customers to make over-thecounter payments without using cash.
2) allows users to just tap the NFC enabled tag or mobile phone at the merchant's point-of-sale device to make payments.
3) is a prepaid account, which can be availed by customers of any bank by simply registering for it and transferring money online from any bank account.
4) it can be offered in many bank accounts.
5) All of above

15. Apprentices Protsahan Yojana (APY) aims to support one lakh apprentices during the
period up to...
1) March 2017
2) March 2018
3) March 2019
4) March 2016
5) March 2020

16. RBI decided to allow AD Category-I Banks to borrow foreign currency from International / Multinational Financial Institutions on 25 June 2015. In this context, AD means ........
1) Additional
2) Add-on
3) Authorized Dealer
4) Amplified
5) None

17. Which state launched the Mhara Gaon- Jagmag Gaon scheme on 1 July 2015, aimed at providing 24 hour uninterrupted power supply to rural domestic consumers in a phased manner with their active participation?
1) Karnataka
2) AP
3) Haryana
4) West Bengal
5) Bihar

18. Which state became the largest producer of solar power after installing 1167 MW solar power plant, demoting Gujarat to second position?
1) Tamilnadu
2) MP
3) Rajasthan
4) HP
5) Haryana

19. 14th edition of 10 - day Indo - French joint naval exercise being conducted in the Arabian Sea, off the coast of Goa is named as ........
1) Varuna
2) Indra
3) Garuda
4) Yudha Abhayas
5) None

20. UNCTAD World Investment Report says India leads in regional inflow of Foreign Direct Investment (FDI) in South Asia. How much FDI attracted by India during 2014 as per this report?
1) $ 34 billion
2) $ 18 billion
3) $ 24 billion
4) $ 14 billion
5) $ 40 billion

21. As per the UNCTAD World Investment Report 2015, the largest FDI recipient in 2014 in the world is ....
1) China
2) USA
3) Japan
4) Australia
5) France

22. What rank hold by India in 2014 as per the UNCTAD World Investment Report 2015 in the attracting of FDI in the world?
1) 11th
2) 8th
3) 9th
4) 4th
5) 6th

23. Which nation had the largest outward flow of FDI about $ 337 billion as per the UNCTAD report? (UNCTAD stands for United Nations Conference on Trade and Development).
1) China
2) France
3) USA
4) India
5) Canada

24. Ambubachi Mela, a four-day long Mela at Kamakhaya Devi temple concluded in ......
1) Assam
2) Haryana
3) Rajasthan
4) Karnataka
5) Kerala

25. List of famous Fairs / Melas given. Locate the wrong combination.
1) Sonepur Mela - Bihar
2) Pushkar Mela - Karnataka
3) Chandrabhaga Mela - Odisha
4) Gangasagar Mela - West Bengal
5) Hemis Gompa Fair - Jammu and Kashmir

26. Japan's Parliament passed a bill to lower voting age from 20 to ........
1) 14
2) 12
3) 16
4)10
5) 18

27. Which country is NOT a member of K2K Economic Corridor?
1) Bangladesh
2) China
3) Pakistan
4) Myanmar
5) All of the above are the members of K2K Economic Corridor

28. K2K refers to ........
1) Kolkata and Kunming
2) Kohima and Kunming
3) Kolkata and Kuienen
4) Kohima to Kunming
5) Kolkata to Kodaikanal

29. Valcano Calbuco erupted. It is in .....
1) Argentina
2) Chile
3) India
3) Peru
4) Indonesia

30. List of Volcanoes given. Locate the correct combination.
1) Mount Vesuvius - Italy
2) st.Helens - UK
3) Sinabung - Indonesia
4) Zhupanovsky - Russia
5) Santorini - Greece

31. Narcondam, Deccan Traps, Baratang, Dhosi Hill, and Barren Island volcanoes are in .......
1) USA
2) UK
3) Italy
4) India
5) None

32. A national memorial will be set up in the memory of Jayaprakash Narayan in at Lala Ka Tola, Sitab Diara, district Chhapra (Saran) in .....
1) Bihar
2) Odisha
3) West Benal
4) UP
5) AP

33. Loknayak is ....
1) Chittaranjan Das
2) Jayaprakash Narayan
3) C.F. Andrews
4) Lala Lajapat Rai
5) Gopinath Bordoloi

34. Sampoorna Swarajya (Total Revolution) proposed by .......
1) Nehru
2) Vallabhbhai Patel
3) Mahatma Gandhi
4) Jayaprakash Narayan
5) Indira Gandhi

35. Which Airport named after Jayaprakash Narayan?
1) Hyderabad
2) New Delhi
3) Patna
4) Bengaluru
5) Varanasi

36. Construction of a memorial for former Prime Minister P.V. Narasimha Rao was completed in the premises of ........
1) Raj Ghat
2) Shanthi Ghat
3) Ektha Sthal
4) Samatha Sthal
5) Narayan Ghat

37. On 24 June 2015, central government approved a plan to set up six more IIMs (Indian Institute of Management) at Bodh Gaya (Bihar), Visakhapatnam (Andhra Pradesh), Sirmaur (Himachal Pradesh), Nagpur (Maharashtra), Sambalpur (Odisha) and also at
1) Kaladi (Kerala)
2) Sri Rangam (Tamilnadu)
3) Udupi (Karnataka)
4) Champaran (Bihar)
5) Amritsar (Punjab)

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

GENERAL AWARENESS PRACTICE QUESTIONS FOR IBPS P.O. EXAM

1. Which of the following countries won the Copa America football tournament on July 4, 2015?
1) Argentina
2) Paraguay
3) Chile
4) Peru
5) Brazil

2. Nationwide Mobile Number Portability has been operational from?
1) July 1, 2015
2) July 3, 2015
3) July 5, 2015
4) July 7, 2015
5) None of these

3. As per the Socio Economic and Caste Census 2011 (SECC), what percent of the rural Indians are illiterates?
1) 32%
2) 44%
3) 36%
4) 40%
5) 41%

4. Who has been named the winner of the 2015 World Food Prize?
1) M.S. Swaminathan
2) Mahabub ul Haq
3) Muhammad Yunus
4) Fazle Hasan Abed
5) Sanjay Rajaram

5. Tony Tan Keng Yam visited India in February 2015. He is the President of?
1) South Korea
2) Vietnam
3) Cambodia
4) Laos
5) Singapore

6. National Rail Museum is located in?
1) Mumbai
2) Chennai
3) Kolkata
4) Secunderabad
5) New Delhi

7. The International Mountain Day is observed every year on?
1) December 11
2) October 11
3) November 11
4) September 11
5) August 11

8. Nickolay Mladenov was appointed as the United Nations Special Coordinator for the Middle East peace process on February 5, 2015. He belongs to?
1) Russia
2) Bulgaria
3) Ukraine
4) Georgia
5) Serbia

9. Identify the mismatched pair? State Chief Minister
1) Jammu & Kashmir - Mufti Mohammed Sayeed
2) Bihar - Nitish Kumar
3) Odisha - Naveen Patnaik
4) Tripura - T.R. Zeliang
5) Sikkim - Pawan Chamling

10. Who is the deputy Chief Minister of Delhi?
1) Sandeep Kumar
2) Gopal Rai
3) Asim Ahmed Khan
4) Manish Sisodia
5) Somnath Bharti

11. The World Health Organization is headquartered in?
1) Austria
2) USA
3) UK
4) Italy
5) Switzerland

12. Which of the following statements is not correct?
1) Pranab Mukherjee is the author of "The Dramatic Decade: The Indira Gandhi Years"
2) BRICS Development Bank is now known as The New Development Bank
3) The chief regulator for the commodity futures market is Forward Markets Commission
4) Bharatiya Mahila Bank is a non-scheduled commercial bank
5) The 2018 Commonwealth Games will be held in Australia

13. Who was given the Filmfare Lifetime Achievement Award in January 2015?
1) Tanuja
2) Waheeda Rehman
3) Kamini Kaushal
4) Hema Malini
5)Jaya Bachchan

14. The Rapid Action Force (RAF) is a specialized wing of the?
1) CISF
2) BSF
3) CRPF
4) ITBP
5) NSG

15. Which is the second largest river in India after the river Ganga?
1) Brahmaputra
2) Godavari
3) Krishna
4) Indus
5) Yamuna

16. Ritu Rani is associated with which of the following sports?
1) Football
2) Cricket
3) Hockey
4) Boxing
5) Shooting

17. Michael Adams of England is associated with?
1) Billiards
2) Golf
3) Formula one
4) Chess
5) Boxing

18. Who is the author of the book "The Good, The Bad and The Ridiculous"?
1) Salman Rushdie
2) Khushwant Singh
3) V.S. Naipaul
4) Arvind Adiga
5) None of these

19. The currency of Oman is?
1) Omani Dollar
2) Omani Ruble
3) Omani Rial
4) Omani Pound
5) Omani Dinar

20. Buying or selling of securities by a person with access to privileged information with an objective of making an illegal gain is called?
1) Cross trading
2) Forward trading
3) Circular trading
4) Insider trading
5) None of these

21. Who was appointed the Director General of the Council of Scientific and Industrial Research (CSIR) in February 2015?
1) M.O. Garg
2) P.K. Kapil
3) D.M. Kale
4) I.M. Mishra
5) A.S. Basu

22. Rafi Ahmed Kidwai National Postal Academy is situated in?
1) Ghaziabad
2) Lucknow
3) Nagpur
4) Hyderabad
5) New Delhi

 23. Which of the following rivers crosses the equator twice?
1) Amazon
2) Congo
3) Volga
4) Nile
5) Danube

24. Which of the following pairs of countries and capital cities is not matched correctly?
1) Argentina – Buenos Aires
2) Colombia – Bogotá
3) Egypt – Cairo
4) Zimbabwe – Harare
5) Peru – Santiago

25. Which one of the following European Union countries has its own currency and has not switched over to Euro?
1) France
2) Germany
3) Italy
4) Spain
5) Sweden

26. Which country recently launched a new generation navigation satellite Glonass-K?
1) Japan
2) France
3) Russia
4) China
5) South Korea

27. Who was appointed by the President Barack Obama as a member of the Advisory Committee for Trade Policy and Negotiations in February 2015?
1) Indra Nooyi
2) Ajay Banga
3) Padmasree Warrior
4) Punit Renjen
5) None of these

28. Which one of the following countries does not have a female President at present?
1) Brazil
2) Argentina
3) Venezuela
4) Chile
5) Croatia

29. Sergio Mattarella assumed office as the President of which of the following countries on February 3, 2015?
1) Greece
2) Italy
3) Bulgaria
4) Slovenia
5) Spain

30. Who is the present Defense Secretary of the United States of America?
1) Chuck Hagel
2) Robert Gates
3) John Kerry
4) Ashton Carter
5) Leon Panetta

31. Which of the following films won the Best Picture award at the 87th Academy awards in February 2015?
1) Boyhood
2) Whiplash
3) Still Alice
4) Birdman
5) None of these

32. Bhalachandra Nemade was chosen for the Jnanpith Award 2014. He is an eminent writer in which of the following languages?
1) Kannada
2) Marathi
3) Sanskrit
4) Hindi
5) Bengali

33. The abbreviation "EPOS" stands for?
1) Electronic Purchase of Sale
2) Electronic Payment of Sale
3) Electronic Point of Sale
4) Electronic Price of Sale
5) None of these

34. Nikkei 225 is a stock market index of?
1) Shanghai stock exchange
 2) Tokyo stock exchange
3) New York stock exchange
4) Beijing stock exchange
5) None of these

35. Which country won the African Nations Cup football tournament on February 8, 2015?
1) Ghana
2) Cameroon
3) Senegal
4) South Africa
5) Ivory Coast

36. Who is the Deputy Chief Minister of Jammu & Kashmir?
1) Priya Sethi
2) Aasiya Naqqash
3) Mehbooba Mufti
4) Nirmal Singh
5) None of these

37. Dunya Maumoon visited India in February 2015. She is the Foreign Minister of?
1) Malaysia
2) Maldives
3) Afghanistan
4) Iraq
5) Iran

38. Who founded Prarthana Samaj in 1867?
1) Swami Vivekananda
2) Ramakrishna Paramahansa
3) Aatmaram Pandurang
4) Mahadev Govind Ranade
5) Dayananda Saraswati

39. Indira Gandhi National Forest Academy is in?
1) Mussorie
2) Darjeeling
3) Kolkata
4) Dehradun
5) Bhubaneswar


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

GENERAL AWARENESS PRACTICE QUESTIONS FOR UNITED INDIA INSURANCE COMPANY LIMITED ASSISTANT EXAM 2015

1. What is the aim of formulating Banking Ombudsman Scheme by RBI?
1) To promote the deposits in the unbanked areas as the part of financial inclusion.
2) To promote lending among the poor people, as they are depending on non-institutional sources.
3) To redress the grievances or complaints arising out of the deficiency in the banking services.
4) To universalize the discount of commercial bills issued.
5) To incorporate the list of scheduled banks in the RBI Act 1934.

2. RBI introduced Banking Ombudsman Scheme as per Section 35 A of .............
1) Negotiable Instruments Act, 1881
2) SARFAESI Act, 2002
3) Banking Regulation Act, 1949
4) FEMA, 1999
5) RBI Act, 1934

3. Ombudsman scheme first introduced in ........
1) USA
2) India
3) Australia
4) France
5) UK

4. Which bank covered under the Banking Ombudsman Scheme?
1) Scheduled Public Sector Banks
2) Scheduled Private Sector Banks
3) Regional Rural Banks
4) Scheduled Primary Co-operative Banks
5) All of above

5. Banking Ombudsman is a senior official appointed by ..........
1) Finance Minister
2) RBI
3) SEBI
4) FSDC
5) None

6. Banking Ombudsman Scheme come into effect from .............
1) 2000
2) 1995
3) 1999
4) 2010
5) 1981

7. As per the present rules, any person can file a compliant before the Banking Ombudsman, if the satisfied reply is not received from the bank within a period of ......
1) one month
2) three months
3) two months
4) six months
5) None

8. When the Ombudsman rejects the compliant of the customer?
1) If the customer does not approach the bank first.
2) One has not made the complaint within one year from the date one has received the reply of the bank or if no reply is received if it is more than one year and one month from the date of representation to the bank.
3) Subject matter of the complaint is pending for disposal / has already been dealt with at any other forum like court of law, consumer court.
4) Complaint is frivolous or vexatious.
5) In all above cases, the ombudsman will not accept the compliant from customer.

9. The fee collected by Ombudsman to take compliant from the customer .............
1) Rs.5
2) Rs.100
3) Rs.10
4) Fix by the bank
5) No fee collects by the Ombudsman

10. The Ombudsman take the compliant and can take action if ..........
1) Non - payment or delay in payment of inward remittances.
2) Non - credit of proceeds to parties accounts, non - payment of deposit or non - observance of the Reserve Bank directives.
3) Not accepting the legal tender and or for charging of commission in respect thereof.
4) Inordinate delay in the payment or collection of cheques, drafts, bills.
5) In the all above cases the ombudsman take action against bank.

11. When the Ombudsman take action against the bank?
1) Collecting charges without adequate prior notice to the customer.
2) Refusal to accept or delay in accepting payment towards taxes, as required by government.
3) Refusal to close or delay in closing the accounts.
4) Non-observance of Reserve Bank guidelines on engagement of recovery agents by banks.
5) In the above all cases, Ombudsman take action against the bank.

12. On 24 May 2007, RBI framed a rule that any customer not satisfied with ombudsman decision, then the customer can put an appeal to ...........
1) Governor, RBI
2) Governor of that State
3) Finance Minister of India
4) President of India
5) Deputy Governor of RBI

13. RBI amended Banking Ombudsman Scheme includes complaints relating to Internet Banking and Non-adherence to BCSBI Code on 5 February 2009. BCSBI stands for ..........
1) Banking Core and Standards Board of India.
2) Banking Codes and State Board of India.
3) Banking Codes and Standards Board of India.
4) Business Codes and Standards Board of India.
5) Banking Codes and Standards Bureau of India.

14. RBI constituted committee under the chairmanship of ........... to review the Ombudsman Scheme on 7 January 2013.
1) C. Rangarajan
2) Suma Chakrabarti
3) Suma Varma
4) Usha Thorat
5) None

15. Banking Ombudsman can grant compensation up to .........
1) Rs.50 Lakh
2) Rs.10 Lakh
3) Rs.35 Lakh
4) Rs.5 Lakh
5) None

16. For mental agony, the Ombudsman can grant compensation up to ..........
1) Rs.1 Lakh
2) Rs.2 Lakh
3) Rs.25 Lakh
4) Rs.10 Lakh
5) None

17. On 11 May 2015, RBI advised all public sector banks and some private and foreign banks to appoint an internal ombudsman. The internal ombudsman would be designated as CSSO. CSSO stands for ..........
1) Central Customer Service Officer
2) Chief Customs Service Officer
3) Core Customer Service Officer
4) Chief Customer Second Officer
5) Chief Customer Service Officer

18. On how many grounds of complaints / deficiencies in bank services, the present Banking Ombudsman Scheme providing relief to bank customers?
1) 18
2) 75
3) 4
4) 11
5) 27

19. 41st G7 summit was held in Schloss Elmau, Krun, Bavaria in...
1) France
2) Canada
3) Japan
4) Germany
5) Italy

20. What is the Theme of G7 Summit 2015?
1) Save the World from Recession
2) Right decision for Right Action
3) Think Ahead. Act Together
4) Together for a Nice future
5) None of above

21. Union Ministry of Roads Transport & Highways announced which project of linking borders and coastal areas with road network?
1) Bharat Mala
2) Bharat Sagar
3) Bharat Chandrika
4) Pradhanmanthri Grameena Sadak Yozana
5) Bharat Anubandh

22. Union Minister for Road Transport and Highways is .........
1) Nitin Gadkari
2) Arun Jaitley
3) Smriti Irani
4) Suresh Prabhu
5) Sadananda Gowda

23. Alandur to Koyabedu, the 10 - km stretch of Metro Rail service launched on 29 June 2015 launched in .........
1) Chennai
2) Mumbai
3) Delhi
4) Hyderabad
5) Kolkata

24. Which state became the largest Producer of Solar Power after installing 1167 MW solar power plant, demoting Gujarat to second position?
1) Tamilnadu
2) MP
3) Rajasthan
4) HP
5) Haryana

25. CTBT Stands for ..........
1) Combined Test Ban Treaty
2) Comprehensive Tool Ban Treaty
3) Comprehensive Test Ban Treaty
4) Collective Test Ban Treaty
5) None

26. Indo-Bangladesh ODI series won by Bangladesh. The man of the series is ........
1) Mashrafe Mortaza
2) Mohammad Mushfiqur Rahim
3) M.S. Dhoni
4) Mustafizur Rahman
5) Virat Kohli

27. FIFA U-20 World Cup won by ..........
1) Serbia
2) Brazil
3) Argentina
4) South Africa
5) Uruguay

28. Which Indian scripted history by becoming the first Indian basketball player to be drafted in the National Basketball Association (NBA) on 26 June 2015?
1) Narender Kumar
2) Joginder Singh
3) Satnam Singh Bhamara
4) Amit Pal Singh
5) None

29. First Day - Night Cricket match will be played on 27th November 2015 at .......... between Australia and New Zealand.
1) Adelaide Oval Stadium (Aus)
2) Sydney Cricket Ground (Aus)
3) Brisbane Cricket Ground (Aus)
4) Eden Park (New Zealand)
5) Basin Reserve (New Zealand)

30. One of the oldest galaxies in the universe, CR7 (COSMOS Redshift 7) has been named after ........
1) Diego Maradona
2) Viswanathan Anand
3) Lionel Messi
4) Gerard Pique
5) Cristiano Ronaldo

31. Bharti Airtel has become the 3rd largest telecom company in the world having 303 million subscribers. Which company is top in this list having 626.27 miilion subscribers?
1) Aircel
2) China Mobile
3) Vodafone
4) Unimobile
5) MTS

32. 'Transcendence My Spiritual Experiences with Pramukh Swamiji' co-authored by A.P. J. Abdul Kalam and ..........
1) Manav Gupta
2) R. Narasimha
3) Sivathanu Pillai
4) YS Rajan
5) Arun Tiwari

33. 16th World Sanskrit Conference hosted by .........
1) Thailand
2) Japan
3) USA
4) Sri Lanka
5) Nepal

34. New president of ICC (International Cricket Council) is ........
1) Ravi Shastri
2) N. Srinivasan
3) Lalit Modi
4) Zaheer Abbas
5) Mustafa Kamal

35. ICC (International Cricket Council) headquarters located at ..........
1) Mumbai
2) Sydney
3) Lords
4) Dubai
5) New Delhi

36. Present chairperson of the Central Board of Direct Taxes (CBDT)?
1) Anita Kapur
2) Arun Jaitley
3) Rajiv Mehrishi
4) Raghuram Rajan
5) Chitra Ramkrishna

37. Tanzania president visited India. He is .......
1) Abdel Fattah el-Sisi
2) Mulatu Teshome
3) James Michel
4) Beji Caid Essebsi
5) Jakaya Kikwete

38. The capital of Tanzania ...........
1) Cairo
2) Addis Ababa
3) Victoria
4) Tunis
5) Dodoma

39. The currency of Tanzania ...........
1) Pound
2) Birr
3) Rupee
4) Dinar
5) Shilling

40. On whose memory, the National Statistics Day observes on 29th June every year on the eve of his birth day?
1) Chidambara Chandrasekaran
2) J.K. Ghosh
3) Pranab Kumar Sen
4) Samarendra Nath Roy
5) Prasanta Chandra Mahalanobis

41. Bimal Roy was removed as the chief of .....
1) DRDO
2) Indian Statistical Institute
3) Delhi Law minister
4) Chairman, National Human Rights Commission
5) None

42. Who has been appointed as the Director of Indian Statistical Institute (ISI) recently?
1) G. Satish Reddy
2) S. Christopher
3) Sanghamitra Bandyopadhyay
4) R.C. Tayal
5) K.V. Chowdary

43. Election Commission of India suspended the recognition of ......
1) PDP
2) BSP
3) BJP
4) Congress (I)
5) NPP


ANSWERS:
1-3, 2-3, 3-5, 4-5, 5-2, 6-2, 7-1, 8-5, 9-5, 10-5
11-5, 12-5, 13-3, 14-3, 15-2, 16-1, 17-5, 18-5, 19-4, 20-3
21-1, 22-1, 23-1, 24-3, 25-3, 26-4, 27-1, 28-3, 29-1, 30-5
31-2, 32-5, 33-1, 34-4, 35-4, 36-1, 37-5, 38-5, 39-5, 40-5, 41-2, 42-3, 43-5

Banking Awareness Practice Questions for Bank Exams

1. The main function of an Asset Management Company is to:
a) hold the securities of various schemes
b) manage the funds by making investments in various types of securities
c) hold its property for the benefit of the unit holders
d) act on behalf of SEBI
e) All the above

2. What is the purpose of reduction in Cash Reserve Ratio (CRR)?
a) Reduce Credit Flow
b) Enhance Credit Flow
c) Enhance availability of cash
d) Reduce Cash transactions
e) None of the above

3. In India, conventionally, bonds are issued by institutions in ____ sector while debentures by corporate
in ____ sector.
a) private, public
b) public, private
c) either a or b
d) cooperative, NBFC
e) None of the above

4. Who notifies Foreign Trade Policy?
a) RBI
b) DGFT
c) Govt. of India
d) ECGC
e) None of the above

5. Cash kept in the currency chest is owned by?
a) Currency Chest branch bank
b) State Bank of India
c) Central Government
d) Reserve Bank of India
e) None of the above

6. Expand the term LIBOR as used in financial banking sectors?
a) Local Indian Bank Offered Rate
b) London-India Bureau of Regulations
c) Liberal International Bank Official Ratio
d) London Inter Bank Offered Rate
e) None of the above

7. Which one of the following rates is NOT decided by the RBI?
a) Bank Rate
b) Repo Rate
c) Reverse Repo Rate
d) Income Tax Rates
e) Only a & b

8. When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as:
a) Participation
b) Consortium
c) Syndication
d) Multiple Banking
e) All the above

9. The headquarters of International Monetary Fund is ___
a) Geneva
b) Paris
c) London
d) Manila
e) Washington

10. The first insurance company was started in India in 1818 at:
a) Kolkata
b) Chennai
c) Mumbai
d) New Delhi
e) Allahabad

11. Which one of the following is not a "Money Market Instrument"?
a) Treasury Bills
b) Commercial Paper
c) Equity Shares
d) Certificate of Deposit
e) All the above

12. The Banking Codes and Standards Board of India was registered on 18 February, 2006 under
which of the following RBI Act?
a) Banking Regulation Act
b) The Societies Registration Act, 1860
c) Cooperative Societies Act
d) None of the above
e) All the above

13. Who is the chairman of Governing Council of BCSBI (Banking Codes and Standards Board of
India)?
a) K.C. Chakrabarty
b) A.C. Mahajan
c) HS Khurana
d) M.V. Nair
e) Salman Khurshid

14. Payment of cheques is governed by sections under_____:
a) Banking Regulation Act 1949
b) RBI Act 1934
c) Negotiable Instruments Act 1881
d) Prevention of Money Laundering Act 2002
e) None of the above

15. The Headquarters of Bank of International settlement is located at:
a) New York
b) London
c) Washington
d) Paris
e) Basel (Switzerland)

16. The Act governing forex activities in India is:
a) RBI act
b) FERA
c) FEMA
d) SEBI
e) Finance Ministry

17. Sri Arun Shrivastava has taken over charge on 15.05.2015 as new CMD of ____ bank.
a) Union Bank of India
b) United Bank of India
c) Syndicate Bank
d) Andhra Bank
e) Allahabad Bank

18. RBI advised Banks that all new cards issued - debit and credit, domestic and International shall be EMV (Europay MasterCard Visa) chip and pin based cards with effect from:
a) 1st September 2015
b) 1st October 2015
c) 1st November 2015
d) 1st August 2015
e) 15th August 2015

19. Benefits in core banking system are:
a) Reliable centralized data recovery
b) Data warehousing and data mining technologies
c) Integrated customer centric services
d) Core infrastructure can be used for future expansion
e) All the above

20. NRI Deposits are classified under:
a) Capital a/c
b) Current a/c
c) Special Foreign Deposit Account
d) Either b or c
e) None of the Above

21. Which of the following can be called as intermediary in the Financial System?
a) Insurance companies
b) Banking companies
c) Mutual funds
d) All the above
e) None of the above

22. Which type of machine is used by Business Correspondents?
a) Micro ATMs
b) POS
c) Biometric Card Reader
d) Solar empowered
e) Water resistant

23. The ceiling for repatriation of funds from NRE/FCNR accounts is:
a) Rs.2 lakhs
b) Rs.5 lakhs
c) Rs.10 lakhs
d) No ceiling
e) None of the above

24. Some banks are financing big projects like construction of roads, bridges etc. Financing
such projects means banks are helping exactly in:
a) Infrastructural Development
b) Project Management
c) Developing core sector Industry
d) Financial Inclusion
e) All of the above

25. Debentures are governed by____
a) Law of Contract
b) BR Act
c) Company Law
d) Banking Regulation Act
e) None of the above

26. The maturity period of CDs (Certificate of Deposit) issued by banks should not be less than ____ and not more than _____, from the date of issue.
a) 7 days, 6 months
b) 7 days, 1 year
c) 15 days, 6 months
d) 15 days, 1 year
e) 90 days, 180 days

27. The Main activity of the Financial Intelligence Unit India (FIU-IND) is to control:
a) Tax Evasion
b) Money Laundering
c) Terrorism
d) Avoiding NPAs
e) Avoiding frauds in ATMs

28. Infusion of liquidity, by RBI, is done through _____ from / to banks under a _____ transaction.
a) borrowing, repo
b) borrowing, reverse repo
c) lending, repo
d) lending, reverse repo
e) None of the above

29. Crossing a cheque is a direction to the:
a) Drawer
b) Payee
c) Paying Banker
d) Clearing House
e) Collecting banker

30. The minimum amount for which a CD (Certificate of Deposit) can be issued is:
a) Rs. 1 lakh
b) Rs. 2 lakh
c) Rs. 5 lakh
d) Rs. 10 lakh
e) Rs. 20 lakh

31. A rate of exchange established between any two currencies on the basis of the respective quotation
of each currency in terms of a third currency is known as:
a) Cross rate
b) Merchant rate
c) Wash rate
d) Composite rate
e) None of the above

32. CIBIL as a credit bureau caters to:
a) Consumer segments
b) Commercial segments
c) Both commercial and consumer segments
d) Nationalized Banks only
e) Private Banks only

33. Kishore Biyani-led Future Group agreed to merge its retail business stock deal worth Rs. 750
crore to create one of the biggest supermarket chains with Rs. 15,000 crore turnover with which of the following organizations?
a) V-Mart Retail
b) Shoppers Stop
c) Bharti Retail
d) Koutons Retail India
e) None of the above

ANSWERS
1) b 2) b 3) b 4) b 5) d 6) d 7) d 8) b 9) e 10) a
11) c 12) b 13) b 14) c 15) e 16) c 17) c 18) a 19) e 20) a
21) d 22) c 23) d 24) a 25) c 26) b 27) b 28) c 29) c 30) a
31) a 32) c 33) c