GENERAL AWARENESS PRACTICE MCQs FOR IBPS EXAMS

1. Promote sustainable and equitable agriculture and rural prosperity through effective credit support is the mission of......
1) NABARD
2) SBI
3) RBI
4) EXIM Bank
5) None

2. NABARD stands for .......
1) National Bank for Agriculture and Related Development
2) National Agriculture Bank and Rural Development
3) National Bank for Agri-goods and Rural Development
4) National Bank for Agriculture and Rural Development
5) None

3. Agriculture Apex Development Bank is....
1) NABARD
2) Co-operative Bank
3) RBI
4) SBI
5) None

4. Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) submitted a report on 28 November 1979 recommended RBI to establish NABARD. The committee headed by......
1) Hilton-Young
2) Narasimham
3) Sivaraman
4) Mutturaman
5) Vaidyanathan

5. National Bank for Agriculture and Rural Development (NABARD) established on....
1) 12 July 1991
2) 12 July 1992
3) 12 July 2002
4) 12 July 1982
5) 1 July 1955

6. By transferring the agricultural credit functions of RBI and refinance functions of the then ARDC, NABARD came in to existence in 1982. ARDC stands for.....
1) Agricultural Regional and Development Corporation
2) Agricultural Refinance and Development Corporation
3) Agricultural Refinance and Domestic Corporation
4) Agri Refinance and Development Corporation
5) None

7. Which bank was under the obligation for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts
1) SBI
2) NHB
3) NABARD
4) HDFC
5) RBI

8. The main function of NABARD includes....
1) Lending
2) Refinance
3) Co-ordinating lending
4) Assistance in Refinance
5) All of above

9. NABARD Head office is in..........
1) Kolkata
2) New Delhi
3) Chennai
4) Mumbai
5) Lucknow

10. The present chairman of NABARD is.....
1) UK Sinha
2) Rahul Khullar
3) Raghuram Rajan
4) T.S. Vijayan
5) Harsh Kumar Bhanwala

11. DEDS will be continued in the financial year 2014-15 also as told by NABARD on 30 May 2014. DEDS stands for...
1) Drought Entity Development Scheme
2) Dairy Entrepreneurship Door Scheme
3) Delay Entrepreneurship Development Scheme
4) Dairy Entrepreneurship Development Scheme
5) None

12. JLG the new concept developed by NABARD aimed to provide institutional credit to small farmers like share croppers, oral lessees and agricultural labourers. JLG stands for.......
1) Joint Loan Group
2) Join Liability Group
3) Joint Liability Grades
4) Joint Liberal Group
5) Joint Liability Group

13. Providing financial services in two broad areas of agriculture and microfinance. NABFINS provides credit and other facilities for promotion, expansion, commercialization and modernization of agriculture and allied activities. NABFINS means.....
1) NABARD Financial Services Limited
2) NABARD Financial Securities Limited
3) NABARD Financial Services Loan
4) NBFC Financial Services Limited
5) None

14. NABCONS engaged in providing consultancy in all spheres of agriculture, rural development
and allied areas. NABCONS mean........
1) NABARD Consumer Services
2) NABARD Custom Services
3) NABARD Company Services
4) NABARD Consultancy Services
5) None

15. The NABARD declared to rejuvenate PACs by converting them into multi-services centers.
What is meant by PAC?
1) Preliminary Agricultural Co-operatives
2) Primary Agricultural Consortium
3) Point to Point Agricultural Co-operatives
4) Progress Agricultural Co-operatives
5) Primary Agricultural Co-operatives

16. With effect from 1 April 2014, credit linked back ended subsidy Scheme, ISAM came in to existence and being implemented by NABARD. ISAM stands for......
1) Indian Scheme for Agricultural Marketing
2) Integrated Scheme for Arid Marketing
3) Integrated Scheme for Agricultural Marketing
4) Integrated Scheme for Agricultural Manufacturing
5) None

17. On 28 May 2014, NABARD seeks the additional capital support of Rs. ........... from government.
1) 200
2) 500
3) 1200
4)2000
5) 1500

18. NABARD has withdrawn the controversial scheme of.......
1) Funding Small Farmers
2) Funding Agriculture Labour
3) Funding Rural Warehousing
4) Funding Corporate Warehousing
5) None

19. National Bank Staff College runs by NABARD. It is at.........
1) Chennai
2) Hyderabad
3) Baroda
4) Lucknow
5) Mangalore

20. National Bank Training Centre run by NABARD is at .........
1) Delhi
2) Pune
3) Kolkata
4) Lucknow
5) Hyderabad

21. In the NABARD Warehousing Scheme (NWS) 2013-14, the NABARD can give loans to Public and Private infrastructure companies to construct......
1) construction of warehouses
2) cold storages
3) cold chains and silos
4) All of above
5) None of above

22. NABARD's authorized capital is...........
1) Rs.10,000 cr
2) Rs.35,000 cr
3) Rs.50,000 cr
4) Rs.20,000 cr
5) None

23. RBI objected the norms of ........ scheme of NABARD, though later rectified by NABARD.
1) MFI
2) MSME
3) RIDF
4) SME
5) SHG

24. RIDF stands for .......
1) Regional Infrastructure Development Fund
2) Rural Investment Development Fund
3) Rural Infrastructure Development Fund
4) Rural Infrastructure Drought Fund
5) None

25. By mid June 2014, Bank credit grew at ...... percent year-onyear to Rs. 60,90,030 crore.
1) 18.25
2) 13.88
3) 11.25
4) 19.25
5) 21.25

26. Union government appreciated the opening of Repository at Hyderabad. Repository helps....
1) to provide policy holders the facility to keep insurance policies in electronic form.
2) to provide policy holders the facility to keep insurance policies in physical form.
3) to provide LIC agents the facility to keep insurance policies in electronic form.
4) to provide policy holders the facility to keep insurance policies in rough form.
5) None

27. On 7 July 2014, Supreme Court said which courts are illegal?
1) Civil courts
2) Lok Adalats
3) Criminal courts
4) High court benches
5) Shariat courts

28. To which state the Supreme Court had given direction to stop mining in Aravali hills on 4 July 2014?
1) Rajasthan
2) MP
3) Chhattisgarh
4) Jharkhand
5) Haryana

29. Haryana Chief Minister is........
1) Virbhadra Singh
2) Vasundhara Raje
3) Bhupinder Singh Hooda
4) Jagannath Pahadia
5) None

30. 12th Agricultural Science Congress to be held in Karnal in 2015, organised by the National Academy of Agricultural Sciences (NAAS). Where is NAAS?
1) Haryana
2) Jammu and Kashmir
3) Karnataka
4) AP
5) Telangana

31. A trial run of a semi-high-speed train recently run between Delhi and .......
1) Agra
2) Bhopal
3) Mathura
4) Jhansi
5) Indore

32. Prime Minister of India inaugurated the 240 MW Uri-II Hydro Electric Project (HEP) on 4 July 2014. It is in.........
1) Jammu and Kashmir
2) Haryana
3) Chhattisgarh
4) Jharkhand
5) Odisha

33. Katra-Udhampur railway line of Jammu inaugurated by Prime Minister to facilitate easy access to the pilgrims to visit......
1) Mata Vaishno Devi Shrine
2) Manasa Sarovar Darsan
3) Kedarnath Temple
4) Kailasnath Hill Darsan
5) None

34. Supreme Court on 1 July 2014 directed which state make efforts to restore the beauty of the world-famous Dal Lake?
1) Haryana
2) Delhi
3) Himachal Pradesh
4) Jammu and Kashmir
5) AP

35. Chief Minister of Jammu and Kashmir is....
1) Farooq Abdullah
2) Narinder Nath Vohra
3) Omar Abdullah
4) Najma Hepthulla
5) None

36. In order to facilitate access to published works for persons who are blind and visually impaired, which treaty was ratified by India on 30 June 2014?
1) Geneva
2) Bretton Woods
3) Panchaseel
4) Marrakesh
5) None

37. Recently in which metro city the 11 storey building collapsed on 29 June 2014, took away more than 60 lives?
1) Hyderabad
2) Visakhapatnam
3) Chennai
4) Bangalore
5) None

38. Project Seabird Phase II, the naval base in Karwar got clearance from the Union Ministry of Environment and Forests on 9 June 2014. Karwar is in....
1) Karnataka
2) Maharashtra
3) Goa
4) AP
5) Odisha

39. A north eastern state notified to provide 12 percent horizontal reservation for Below Poverty Line (BPL) candidates in all state government jobs on 5 June 2014. It is....
1) Sikkim
2) Meghalaya
3) Manipur
4) Arunachal Pradesh
5) None

40. Sikkim Chief Minister is........
1) Tarun Gogoi
2) Ibobi Singh
3) Mukul Sangma
4) Pawan Kumar Chamling
5) Lal Thanhawla

41. First flying observatory fitted with an infrared telescope called 'Stratospheric Observatory for Infrared Astronomy' (SOFIA) is an idea of......
1) NASA
2) CNES
3) DLR
4) ISRO
5) PENTA

42. UNICEF stands for......
1) United Nations International Children's Emergency Fund
2) United Nations Intentional Children's Emergency Fund
3) United Nations International Children's Employers Fund
4) United Nations Integrated Children's Emergency Fund
5) None

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

BANKING AWARENESS PRACTICE QUESTIONS

1. Who among the following Deputy Governors of RBI retired in January 2014?
a) K.C.Chakrabarthy
b) Urjit Patel
c) Anand Sinha
d) HR Khan
e) None of the above

2. A company wants to payout dividend. Which type of electronic method shall it use?
a) ECS (credit)
b) ECS(debit)
c) Either a or b
d) Issue of DD
e) Issue of Banker Cheque/pay order

3. On what basis interest is charged in loan accounts?
a) Quarterly
b) Half yearly
c) Monthly
d) Weekly
e) Daily basis

4. Crossing of Bill of Exchange?
a) Is allowed under Negotiable Instrument Act 1881
b) Banking Regulation Act 1949
c) RBI Act 1934
d) A bill cannot be crossed
e) None of the above

5. GAAS stands for?
a) Generally Accepted Accounting Standards
b) Generally Agreed Accounting Standards
c) Generally Advised Accounting Standards
d) Generally Allowed Accounting Standards
e) None of the above

6. Who is being assigned the duty of regulating the Micro Finance Institutions?
a) IDBI
b) SIDBI
c) SISI
d) NABARD
e) NSIC

7. Can a bank can sell its NPAs?
a) No, since nobody will purchase the NPA
b) Yes, provided it has remained as NPA in the books of the selling bank for 2 years
c) Yes, if the banks profits are more than Rs. 1000crores
d) Only a and c
e) None of the above

8. Which of the following private banks are permitted by RBI to import gold?
a) By HDFC Bank
b) Axis Bank and Kotak Mahindra Bank
c) Indus Ind Bank and
d) YES Bank
e) All the above

9. Which bank has become the first to allow withdrawal of funds to individuals from
its ATMs without an account in the bank?
a) Andhra Bank
b) Central Bank
c) Bank of India
d) Dena Bank
e) None of the above

10. Which of the following banks is selling, for the first time, a large amount of NPAs (around Rs. 5000cr) to ARCs (Asset Reconstruction Company) during this March 2014 Quarter?
a) State Bank of Hyderabad
b) State Bank of India
c) Punjab National Bank
d) ICICI Bank
e) None of the above

11. Non Banking Finance Companies like Muthoot Finance will issue NCDs to mobilize financial resources like the banks do by accepting deposits from the public. NCD Stands for?
a) National Certificate of Deposit
b) Non Cash Deposit
c) Non Convertible Debentures
d) Non Convertible Certificate of Deposits
e) None of the above

12. National Bank for Agriculture and Rural Development (NABARD) established on 12.07.1982 under a special act of parliament has its Head Office at?
a) Ahmadabad
b) Bangalore
c) Chennai
d) Delhi
e) Mumbai

13. Name the organization which is taking care of Coordinating the activities of institutions
engaged in financing, promoting and developing industry in India?
a) SIDBI
b) IDBI
c) ICICI
d) EXIM BANK
e) None of the above

14. AMC is a term used in connection with Mutual Funds, which is meant for Management of different Funds. In this connection AMC stands for?
a) Annual Maintenance Contract
b) Asset Management Commission
c) Adjusted Mutual Commission
d) Asset Management Company
e) None of the above

15. Which of the following is an ancillary/secondary function of a Bank?
a) Accepting SB Deposits
b) Accepting Fixed Deposits
c) Sanction of loans
d) Collection of cheques
e) None of the above

16. Functions of banks are divided into Primary and Secondary. Which of the following
is a Primary Function of a Bank?
a) Issue of Demand Draft
b) Provision of locker facility
c) Provision of Safe Custody facilities
d) Sanction of Loans
e) None of the above

17. Which of the following banks is not having their Headquarters in Kolkata?
a) Allahabad Bank
b) Dena Bank
c) UCO Bank
d) United Bank of India
e) All the above

18. Who among the following important personalities have worked as Governor of RBI?
a) Dr BR Ambedkar
b) M.Narasimhan
c) Urjit patel
d) Dr .Manmohan Singh
e) b & d

19. For how much period the Marginal Standing Facility (MSF) is provided by RBI against approved Government Securities ?
a) One Quarter only
b) Two quarters only
c) One Month only
d) Overnight only
e) None of the above

20. Headquarters of Oriental Bank of Commerce is located at?
a) Allahabad
b) Bangalore
c) Kolkata
d) New Delhi
e) Hyderabad

21. RBI Coin mints are located at?
a) Mumbai
b) Hyderabad
c) Kolkata
d) Noida
e) All the above

22. Which of the following is a private bank in India?
a) Oriental Bank of Commerce
b) Corporation Bank
c) South Indian Bank
d) Syndicate Bank
e) Bank of Maharashtra

23. Interest rate risk is a type of?
a) Credit risk
b) Market Risk
c) Operational risk
d) All the above
e) None of these

24. Which one of the following has launched guidebook on standards for exporters?
a) RBI
b) SEBI
c) IBA
d) UNIDO
e) UNESCO

25. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form?
a) Reserve Bank of India
b) Imperial Bank of India
c) Bank of India
d) Union Bank of India
e) None of these

26. Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans?
a) Asian Development Bank
b) IMF
c) International Developmental Association
d) International Finance Corporation
e) None of these

27. What does devaluation of a currency mean?
a) Decrease in the internal value of money
b) Decrease in the external value of money
c) Decrease both in the external and internal values of money
d) Increase both in the external and internal values of money
e) None of these

28. An IPO is?
a) Initial Price Offered by private limited company to its share holders.
b) An offer by an unlisted company for sale of its shares for the first time to the public.
c) Used to increase the share capital of an unlisted company
d) A book building process
e) None of these

29. SEBI has imposed a restriction on money flow in equity through P-notes. What is the full form of P-notes?
a) Permanent notes
b) Purchase notes
c) Participatory notes
d) Private notes
e) None of these

30. Which is of the following programme is launched to improve the irrigation facilities in Rural India?
a) National Watershed Development Programme
b) National Social Assistance Programme
c) Construction of Rural Godowns
d) Annapurna Scheme
e) None of the above

31. Investment Fluctuation Reserve (IFR) is created to manage?
a) Interest Rate Risk
b) CRR
c) SLR
d) Foreign Currency Account
e) None of the above

32. There are several credit rating agencies like CRISIL, CARE, SMERA, FITCH Rating. Similary ICRA is also a rating agency. ICRA Stands for?
a) Investment Information and Credit rating Agency
b) Indian Credit Rating Agency
c) International Credit Rating Agency
d) Information and Credit Rating Agency
e) None of these

33. In case of dishonor of a cheque due to insufficient of funds in the account of theperson drawing the cheque, a court can punish the guilty with an imprisonment term of two years and a fine of?
a) Twice the amount of cheque
b) Thrice the amount of cheque
c) Four times the amount of cheque
d) Five times the amount of cheque
e) None of the above

34. When the Bank returns a cheque unpaid, it is called?
a) Payment of Cheque
b) Dishonor of Cheque
c) Cancelling of Cheque
d) Drawing of Cheque
e) None of these

35. Which among the following is approved modes for maintenance of the cash reserve ratio?
a) In the form of balance in currency chest of the currency chest bank branches
b) In the form of cash balances maintained by various branches of the banks
c) In the form of balances with other banks maintained by bank branches
d) In the form of balances in a special account with RBI opened for this purpose
e) None of these

36. No margin is required to bring in by the borrower for the educational loans to special courses up to?
a) Rs 2.00 lacs
b) Rs 3.00 lacs
c) Rs 5.00 lacs
d) Rs 4.00 lacs
e) None of the above

37. When bank receives a Cheque from customer for clearing/ collection, bank affix bank's crossing stamp. This is done to ensure
a) Prevention of fraud
b) Requirement of NI Act
c) Cheque will become payable to our bank only
d) None of the above
e) All the above

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

GENERAL AWARENESS PRACTICE QUESTIONS FOR IBPS EXAMS

1. Which of the following is a Horticulture Crop?
1) Paddy
2) Wheat
3) Mango
4) Bajara
5) None of these

2. Dr. Amartya Sen is a famous ...
1) Physicist
2) Chemical Engineer
3) Psychologist
4) Economist
5) None of these

3. Which of the following nations is considered
the originator of the concept of Micro Finance?
1) India
2) Bangladesh
3) South Africa
4) USA
5) None of these

4. India's first transgenic crop is ......
1) Potato
2) Brinjal
3) Sugarcane
4) Bt. cotton
5) None of these

5. Recently, retail giant Carrefour has announced it's intention to close its stores in India. Carrefour is a multinational retailer based in which country?
1) France
2) USA
3) Germany
4) England
5) None of these

6. Which of the following schemes launched by the Government of India is a scheme to improve the performance of the agricultural sector?
1) National Horticulture Mission
2) Pulse Polio Abhiyan
3) Old Age Pension Scheme
4) Bharat Nirman Yojana
5) None of these

7. 'LBW' is a term related to the game of ....
1) Badminton
2) Cricket
3) Hockey
4) Football
5) None of these

8. "Saraswati Samman" is an award given for excellence in the field of ....
1) Sports
2) Social Service
3) Literature
4) Science and Technology
5) None of these

9. "Heavy Water" is used in which of the following fields?
1) Thermal power
2) Cement
3) Iron and Steel
4) Nuclear power
5) None of these

10. Which of the following companies is NOT in the field of insurance business?
1) ICICI Prudential
2) Bajaj Allianz
3) Tata AIG
4) AEGON Religare
5) Royal Orchid

11. Many times we read that a corporate entity is in the process of raising its capital base. Why is a company required to raise money to strengthen its capital base?
(A) To finance its expansion plans
(B) To finance its diversification plans
(C) To finance its loans and borrowings
1) Only A
2) Only B
3) Only C
4) Only A and B
5) All A, B and C

12. Many times we read in newspapers a company is planning to bring public issue. What does it mean?
(A) Shares of the company will be issued only through public sector organization
(B) Shares of the company will be issued to general public only through primary market
(C) This means some stakeholders/ promoters are willing to leave the company.
Hence they wish to sell their stock to the general public.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these

13. As we all have noticed banks these days are giving more emphasis on "Branch less Banking". What does this really means?
(A) Banks will not have many branches as used to be in the good old days. Instead the number of branches will be restricted and will conduct only a specified core business.
(B) Banks will launch/ operate many delivery channels like ATMs, Mobile Banking/ Internet Banking etc. So that people are not required to visit a branch for their usual banking needs.
(C) This means banks will issue only debit or credit for all types of financial transactions. Cheques/ cash payments will not be allowed.
1) Only A
2) Only B
3) Only A and B
4) Only B and C
5) All A, B and C

14. Which of the following is NOT a function of a bank?
1) Providing project finance
2) Selling Mutual Funds
3) Deciding policy rates like CRR, Repo Rate/ SLR etc.
4) Settlement of payments on behalf of the customers.
5) All of these are functions of bank.

15. Which of the following is a form of "Small Savings Bank" popular among the poor or children?
1) Core Banking
2) Credit Banking
3) Debit Card
4) Merchant Banking
5) Piggy Banking

16. As we all know the Government of India has initiated several projects/ schemes for revival and recharging of water bodies/ lakes etc. What is meant by recharging of water bodies?
(A) Recharge in fact is deep drainage of water bodies so that water starts moving downwards
from the surface.
(B) Recharge is nothing but digging new wells and lakes so that more water is available for use.
(C) Recharge means levy of a tax on use of ground water for private purposes. This is done in addition to the usual tax that civic bodies collect on the usual water supply.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None f these

17. The "Operation Protective Edge" is an ongoing military conflict between .....
1) Israel and Hamas
2) Ukraine and Russia
3) China and Vietnam
4) Philippines and China
5) None of these

18. Iron ore is found in which of the following states in India?
1) Punjab
2) Rajasthan
3) Odisha
4) Jammu and Kashmir
5) Uttar Pradesh

19. Who amongst the following is NOT a famous Lawn Tennis player?
1) Cara Black
2) Mike Bryan
3) Denis Ndiso
4) Serena Williams
5) Leander Paes

20. Granville Austin, who passed away recently, was a renowned scholar of the .....
1) Indian Constitution
2) Indian History
3) Indian Geography
4) Indian Literature
5) None of these

21. Shanti Swarup Bhatnagar Award is given for excellence in the field of ....
1) Literature
2) Music
3) Sports
4) Science and Technology
5) None of these

22. Government normally announce the Minimum Support Price (MSP) of ....
1) Wheat
2) Paddy
3) Sugarcane
4) Jute
5) All of the above

23. At present Dr. D. Subba Rao is the .....
1) Governor of RBI
2) Deputy Chairman of the Planning Commission
3) Chairman of the FICCI
4) India's Representative in IMF
5) None of these

24. What is the full form of 'ULIP' the term which in the news recently?
1) Universal Life and Investment Plan
2) Unit Loan and Insurance Plan
3) Universal Loan and Investment Plan
4) Uniformly Loaded Investment Plan
5) Unit Linked Insurance Plan

25. Very often we read in Generation Technology. This is a set of standards used by which of the following?
1) To combat climatic changes
2) Production of Nuclear Energy
3) Film Production
4) Mobile Telecommunication
5) All of the above

26. Which of the following cups / trophies is NOT given for excellence in the game of Badminton?
1) Uber Cup
2) Thomas Cup
3) Syed Modi Memorial Trophy
4) Aros Junior Cup
5) Merdeka Cup

27. With which one of the following, the Election Commission of India tie up for online voters registration?
1) Facebook
2) Yahoo
3) Google
4) Twitter
5) None of these

28. Who among the following is the new Air Force Chief of India?
1) Arup Raha
2) Vivek Tyagi
3) Arun Singh
4) Kishore Chandra
5) None of these

29. The National Commission for Protection of Child Rights has received the highest number of complaints related to child abuse in school from the state of
1) Karnataka
2) Tamilnadu
3) Assam
4) Delhi
5) Andhra Pradesh

30. World's top three biggest coffee exporting countries are .....
1) Brazil, Indonesia and Vietnam
2) Vietnam, Brazil and Indonesia
3) Brazil, Vietnam and Indonesia
4) Indonesia, Vietnam and Brazil
5) None of these

31. Which among the following states has launched free CFL bulbs scheme for hut dwellers?
1) Tamilnadu
2) West Bengal
3) Manipur
4) Haryana
5) None of these

32. What is the name of cyclone which is recently battered west coast of Australia?
1) Hemp
2) Christine
3) Lava
4) Pristine
5) None of these

33. Which of the following countries has recently assumed the coveted chair of the ASEAN?
1) Myanmar
2) Indonesia
3) Cambodia
4) Philippines
5) None of these

34. In the latest Railway budget, the government has announced the first bullet train in which corridor?
1) Delhi-Agra
2) Mumbai-Ahmadabad
3) Delhi-Kanpur
4) Delhi-Kolkata
5) None of these

35. Who among the following has won Men's Chennai Open Tennis Trophy 2014?
1) Somdev Burman
2) Roger Vasselin
3) Stanislas Wawrinka
4) David Federer
5) None of these

36. The Loser festival is the most important festival celebrated in .....
1) Ladakh
2) Leh
3) Shimla
4) Srinagar
5) None of these

37. Recently, which among the following has announced to launch of an All Woman's Insurance branch?
1) Bajaj Allianz
2) Tata AIG General
3) ICICI Lombard
4) Reliance General
5) None of these

38. In which one of the following states Tata Consultancy Services (TCS) has decided to setup world's largest corporate learning and development centre?
1) Kerala
2) Punjab
3) Maharashtra
4) Karnataka
5) None of these

39. Who among the following has been chosen for Portugal highest honour "Order of Prince Henry"?
1) Costa Ricardo
2) Lopes Anthony
3) Alves Bruno
4) Cristiano Ronaldo
5) None of these

40. Who among the following led the team who have identified liver cancer genes?
1) Steven Robertson
2) Teh Bin Tean
3) Zoe Hellman
4) Matilda Ceesay
5) None of these

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

GENERAL AWARENESS PRACTICE MCQs FOR BANK EXAMINATIONS 2014

1. Who headed the committee which submitted its report on February 7, 2014 regarding Financial Bench Marks (appointed by RBI )?
a) Prakash Bakshi
b) Damodaran
c) Vijaya Bhaskar
d) D.Subba Rao
e) None of the above

2. Which among the following is correct and full form of CAS in context with banking markets in India?
a) Cash Authorized Scheme
b) Credit Authorized Scheme
c) Credit Access System
d) Credit Arrangement System
e) Cash Accreditation Scheme

3. Money laundering refers to which of the following?
a) Conversion of assets into cash
b) Conversion of Black money gained from illegal activities to white money
c) Conversion of cash into gold
d) Conversion of gold into cash
e) Conversion of shares into cash

4. Account for conversion of physical securities into electronic form is know as?
a) NRI Account
b) Foreign Account
c) Trio Account
d) Current Account
e) DEMAT(Dematerialisation)Account

5. What is "Hot Money"?
a) Flow of funds (or capital) from one country to another in order to earn a short-term profit on interest rate differences and/or anticipated exchange rate shifts.
b) Hard Currency
c) Soft Currency
d) Foreign Assets
e)All of these

6. RBI has decided to prescribe a minimum CRAR for StCBS /CCBs of 9% to be achieved in a phased manner over a period of 3 years as indicated below
a) 3 years
b) 4 years
c) 5 yeasrs
d) 2 years
e) No such restriction

7. PFRDA stands for?
a) Provident Fund Regulatory and Development Authority
b) Preferential Fund Regulatory and Development Authority
c) Permanent Fund Regulatory and Development Authority
d) Pension Fund Regulatory and Development Authority
e) None of these

8. The main function IMF is to?
a) Finance investment loans to development countries
b) Act as a private sector lending arm of the World Bank
c) Help to solve Balance of payment problems of members countries
d) Arrange International deposits from Banks
e) None of these

9. Which of the following public sector banks has the largest number of Branches in foreign countries?
a) Bank of India
b) Bank of Baroda
c) Punjab National Bank
d) Corporation Bank
e) None of the above

10. Which of the following assets are considered as Near Money?
a) Bond
b) Equity shares
c) Time deposits
d) Traveller's cheque
e) All of the above

11. What is an Indian Depository Receipt?
a) A deposit account with a Public Sector Bank
b) A depository account with any of Depositories in India
c) An instrument in the form of depository receipt created by an Indian depository against
underlying equity shares of the issuing company
d) An instrument in the form of deposit receipt issued by Indian depositories
e) None of these

12. Which of the following cannot be called as a value added service offered by a Bank ?
a) Special Account for poor sections of society
b) Accident Insurance cover
c) Instant Credit of Outstation cheques
d) Free cheque books
e) All of these

13. Which of the following is NOT the feature of Real Time Gross Settlement (RTGS) ?
a) Payments are settled transaction by transaction
b) Settlement of funds is revocable
c) Settlement is done in real time
d) It is a fully secured system which uses digital signatures and public Key encryption for
safe and secure message transaction
e) None of these

14. Standard & Poor is a?
a) Bank
b) Non-Banking Finance Company
c) Stock Market Agency
d) Credit Rating Agency
e) RBI advisory body

15. In Banking System, which of the following Act was framed specially to speed up
recoveries Non - Performing Assets?
a) SARFAESI Act
b) Banking Regulation Act
c) Foreign Exchange Management Act
d) Industrial Disputes Act
e) None of these

16. In context with the Business and Banking, what is CRAR ?
a) Capital to Risk Asset Ratio
b) Credit to Risk Asset Ratio
c) Credit to Risk Assessment Ratio
d) Capital to Risk Assessment Rate
e) Credit Rate Assessment Ratio

17. What is Mixed farming:
a) Cultivating 2 crops simultaneously
b) Cultivating in 2 types of soils
c) Cultivating crops and allied activities
d) Cultivating 2 crops in a year
e) None of these

18. The Asian Development Bank Headquarters is located at?
a) Tokyo
b) Manila
c) New Delhi
d) Colombo
e) New York

19. Buyers market denotes?
a) Excess of supply over demand
b) Equal supply and demand
c) Commodities being available at competitive rates
d) Demand exceeding supply
e) None of these

20. RBI introduced Banking Ombudsman scheme in which year?
a) 1935
b) 1965
c) 1995
d) 2001
e) 2005

21. Who is not eligible for Internet banking?
a) Joint account operation severally
b) Minor account operated by Guardian
c) Illiterate
d) Female depositors
e) None of these

22. Which of the following is NOT viewed as national debt ?
a) Life Insurance policies
b) Long term Govt Bonds
c) National savings certificates
d) Provident Fund
e) None of these

23. Industrial exit policy means?
a) Forcing foreign companies to leave India
b) Forcing Business units to move out of congested localities
c) Allowing manufactures to shift their line of product
d) Allowing business units to close down
e)None of these

24. National Stock Exchange is located in ?
a) New Delhi
b) Chennai
c) Mumbai
d) Kolkata
e) None of these

25. Who is the New Chair Person for Central Board of Direct Taxes, Appointed on 9th Feb
2014?
a) Sudha Sharma
b) R.K Tiwari
c) Thomas David
d) Lopez Mark
e) Nandan Nilekani

26. Name the expert committee formed by RBI on 20th Jan 2014, to review the governance of Bank Boards in India inclu- ding examining the ownership and salary structure of Banks?
a) Arun Tiwari (CMD of Union Bank)
b) K R Kamath (CMD of PNB)
c) VR Iyar (CMD of Bank of India)
d) PJ NAIK (former Chairman and CEO of Axis bank)
e) MV Nayar

27. Jatinder Bir singh, an IAS officer has been appointed as the CMD of?
a) Steel Authority of India Ltd
b) Bharat Heavy Electricals Ltd
c) Union bank of India
d) Punjab and Sindh Bank
e) None of the above

28. In respect of Interest Subsidy on Educational Loans, the parent income ceiling from all sources should not be more than Rs.______ lacs per annum.
a) Rs.2.50 lakhs
b) Rs.4.50 lakhs
c) Rs.5.50 lakhs
d) Rs.7.50 lakhs
e) None of the above

29. "Sugam" is scheme launched for -
a) Small tax payers
b) Pensioners getting old age pension
c) Big corporate houses
d) Retired Government Employees
e) None of these

30. INFINET stands for?
a) International Financial Network
b) Indoor Financial Network
c) Indian Financial Network
d) Internet Financial Network
e) None of these

31. What is the full form of the term OBU?
a) Other backward units
b) Overseas banking units
c) Off-shore Banking units
d) Off-shore business units
e) None of these

32. CASA Deposits relates to
a) Only Savings Deposits
b) Recurring Deposits
c) Only Flexi deposits
d) Demand Deposits(SB and Current Account)
e) Fixed Deposits

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

GENERAL AWARENESS PRACTICE QUESTIONS FOR ALL BANK EXAMS

1. In the Banking technology, IMPS stands for..
1) Instant Payment Service
2) Immediate Paid Service
3) Immediate Payment Scroll
4) Immediate Payment Service
5) None

2. IMPS, a mobile payment system launched in......
1) 2009
2) 2011
3) 2013
4) 2010
5) None

3. IMPS developed by National Payments Corporation of India (NPCI). NPCI was incorporated in?
1) 2010
2) 2011
3) 2009
4) 2008
5) 2013

4. Which is the latest bank rolled out its merchant payment service on mobile phones using the IMPS?
1) State Bank of India
2) UCO Bank
3) United Bank of India
4) Union Bank of India
5) None

5. RBI constituted the Board for Payment and Settlement Systems in ...
1) 2008
2) 2007
3) 2005
4) 2011
5) 2012

6. National Payments Corporation of India (NPCI) headed by ....
1) Raghuram Rajan
2) Arundhati Bhattacharya
3) K. R. Kamath
4) M. Balachandran
5) None

7. Institute of Development and Research in Banking Technology (IDRBT), Hyderabad had been providing
ATM switching service to banks in India through NFS. NFS stands for.....
1) National Front Switch
2) National First Switch
3) National Financial Scroll
4) National Financial Switch
5) None

8. National Payments Corporation of India took over NFS operations in ...
1) 2000
2) 2001
3) 2005
4) 2009
5) None

9. The debit card holder can perform which of the following functions?
1) Make Point of Sale (POS) purchase
2) Recharge pre-paid mobile phones
3) Pay life insurance premium
4) Make donation
5) All of the above

10. RBI announces REER. Expand the term REER.
1) Real External Exchange Rate
2) Real Established Exchange Rate
3) Real Effective Exchange Rate
4) Real Effective Exchange Ratio
5) None

11. Switzerland's central banking authority SNB on 19th June 2014 said that Indian money in Swiss banks has risen to over to Rs.14,000 crores. SNB stands for ...
1) Swift National Bank
2) Sure National Bank
3) Scope National Bank
4) Swiss National Bank
5) None

12. India moved to which rank in terms of foreign money lying with Swiss banks as per the latest data. UK ranks top position..
1) 2nd
2) 10th
3) 18th
4) 58th
5) 100th

13. How much percent of an estimated $1.6 trillion total global wealth held in Switzerland's banking system as per the data released on 19th June 2014?
1) 1.05
2) 6.52
3) 0.15
4) 1.95
5) 2.91

14. Who released the Global Economic Prospects (GEP) report on 11 June 2014?
1) IMF
2) IDA
3) World Bank
4) HSBC
5) S & P

15. In GEP 2014, World Bank lowered the economic growth of world 2014 to .... percent from the earlier estimate of 5.3 percent?
1) 4.0
2) 3.5
3) 5.1
4) 4.8
5) 3.9

16. Finance minister is considering a proposal to provide a fixed tenure of five years to heads of Public Sector Banks (PSBs) as per the recommendation based on ...
1) P.J. Nayak Committee
2) C. Rangarajan Committee
3) Damodaran Committee
4) Nachiket Mor Committee
5) None

17. On 18 June 2014, Indian Army test-fired Akash missile from an Integrated Test Range (ITR) in
Balasore, Odisha. Akash is ...
1) air-to-air missile
2) water-to-water missile
3) surface-to-water missile
4) water-to-air missile
5) surface-to-air missile

18. M Shashidhar Reddy resigned as the Vicechairman of .....
1) National Commission of SC
2) National Commission of ST
3) National Disaster Management Authority (NDMA)
4) National Commission of Women (NCW)
5) None

19. Who is the Chairman of National Disaster Management Authority (NDMA)?
1) Union minister for disaster management
2) Union minister for home affairs
3) Prime Minister
4) Finance secretary
5) None

20. Zeid Ra'ad Zeid Al-Hussein was appointed as the UN High Commissioner for human rights on 6 June 2014. He is the prince of ...
1) Jordan
2) Saudi Arabia
3) Afghanistan
4) UAE
5) None

21. First Tang Prize in sustainable development conferred on ..... who is a former Norway Prime Minister?
1) Harlem Brundtland
2) Yingluck Shinawatra
3) Dilma Vana Rousseff
4) Julia Gillard
5) None

22. Pen Pinter Prize 2014 conferred on whom for his marvellous literary output and support
for freedom of expression on 19 June 2014?
1) Salman Rushdie
2) Amritha Pritham
3) Chetan Bhagath
4) Robin Sharma
5) None

23. Which Indian born scientist has been named the winner of the $ 2,50,000 World Food Prize for his contribution in increasing global wheat production on 19 June 2014?
1) M.S. Swaminathan
2) Prathuysha Swamy
3) Sanjaya Rajaram
4) Ashok Gulati
5) None

24. Arpinder Singh of Punjab qualified for Glasgow Commonwealth games. He belongs to ....
1) Athletics
2) Hockey
3) Snooker
4) Karate
5) Wrestling

25. Father of Malaysian hockey died in Ipoh, Malaysia on 28 May 2014. He is ....
1) Azlan Sha
2) Mommhed Mose
3) Rampralob Verma
4) Kanien Gore
5) None

26. On 27 February 2014, the union government launched 'Saksham' for empowerment of ...
1) prisoners
2) senior citizens
3) women
4) students
5) adolescent boys

27. Mamta Abhiyan is the maternal and child health campaign of ....
1) Uttar Pradesh
2) Kerala
3) Madhya Pradesh
4) Goa
5) Jharkand

28. 'The price we pay' is the advertisement released on.....
1) Liquor usage
2) Mobile usage
3) Oil prices
4) Cancer costliness
5) Anti-Tobacco campaign

29. Which nation announced the plans of creating the world's biggest Marine Protected Area (MPA)?
1) UK
2) Japan
3) USA
4) Russia
5) Australia

30. In the Global Peace Index, India got which rank?
1) 101
2) 100
3) 145
4) 143
5) 182

31. First rank in the Global Peace Index holds by ....
1) Iceland
2) USA
3) Japan
4) UK
5) New Zealand

32. Sixth Asian Ministerial Conference for Disaster Risk Reduction held at ....
1) New York
2) Washington
3) Paris
4) Bangkok
5) None

33. African Union's Peace and Security Council (AUPSC) on 18 June 2014 unanimously restored the membership of which nation?
1) Egypt
2) Nigeria
3) Somalia
4) South Africa
5) None

34. 'Delivering on and Implementing a Transformative Post-2015 Development Agenda' is the theme of .....
1) 70th Session of United Nations General Assembly (UNGA)
2) 71st Session of United Nations General Assembly (UNGA)
3) 68th Session of United Nations General Assembly (UNGA)
4) 69th Session of United Nations General Assembly (UNGA)
5) None

35. Central Excise Day is on ....
1) July 24
2) June 24
3) February 24
4) December 24
5) August 8

36. National Technology Day is on ........
1) January 11
2) February 11
3) July 11
4) May 11
5) August 8

37. How many million children die approximately under the age of five die annually of malnutrition as per the report of FAO (Food and Agricultural Organisation)?
1) 10
2) 8
3) 3
4) 9
5) 6

38. FAO headquarters is at ...
1) Rome
2) Washington
3) Paris
4) Tokyo
5) None

39. FAO was established in ....
1) 1945
2) 1948
3) 1999
4) 2000
5) 1901

40. FAO headed by .......
1) Jose Graziano da Silva
2) Mark Anthony
3) Jim Yong Kim
4) Anthony Lake
5) None

41. Baiji refinery was captured on 17 June 2014 by militants. It is in .....
1) Iran
2) Iraq
3) Afghanistan
4) Congo
5) None

42. Iraq capital is....
1) Tehran
2) Abu Dhabi
3) Dubai
4) Baghdad
5) Cairo

43. Iraq currency is ....
1) Dirham
2) Pound
3) Dollar
4) Dinar
5) Rufiyaa

44. Bandhavgarh National Park is in.....
1) Uttar Pradesh
2) Madhya Pradesh
3) AP
4) Telangana
5) Karnataka

45. Wagon R is the car brand name of.....
1) Mahindra
2) Chevrolet
3) Maruti
4) Audi
5) None

46. The Australian Grand Prix won by....
1) Fernando Alonso
2) Jenson Button
3) Kevin Magnussen
4) Daniel Ricciardo
5) Nico Rosberg

47. In order to control the diseases, Indian government floated many schemes and started vaccination programs. Pick the wrong combination.
1) ABC/ AR program - To control Rabies
2) NMEP - To control Malaria
3) MMR - Vaccine against Measles,Mumps and Rubella
4) OPV - To fight against Leprosy
5) DPT - To fight against Diphtheria, Pertussis and Tetanus

48. Which of the following programme not initiated to eliminate Urban Poverty?
1) National Social Assistance Programme (NSAP)
2) Urban Basic Services for the Poor (UBSP)
3) Antyodaya Anna Yozana (AAY)
4) Swarna Jayanti Shahari Rozgar Yozana (SJSRY)
5) Prime Minister's Integrated Urban Poverty Eradication Programme (PMIUPEP)

ANSWERS:
1-4, 2-4, 3-4, 4-3, 5-3, 6-4, 7-4, 8-4, 9-5, 10-3
11-4, 12-4, 13-3, 14-3, 15-4, 16-1, 17-5, 18-3, 19-3, 20-1
21-1, 22-1, 23-3, 24-1, 25-1, 26-5, 27-3, 28-5, 29-3, 30-4
31-1, 32-4, 33-1, 34-4, 35-3, 36-4, 37-3, 38-1, 39-1, 40-1
41-2, 42-4, 43-4, 44-2, 45-3, 46-5, 47-4, 48-3

GENERAL AWARENESS PRACTICE QUESTIONS FOR ALL BANK EXAMS

1. On 1 July 2014, which committee submitted the report on Data and InformationManagement in RBI?
1) Anand Sinha 
2) H.R. Khan
3) Arundhathi Bhattacharya
4) Rakesh Mohan 
5) D.K. Mohanty

2. Who headed the advisory group submitted a report to RBI on ‘Estimates of Productivity Growth for the Indian Economy’ on 11 June 2014?
1) K.R. Kamath 
2) Varada Raja Guptha
3) B.N. Goldar 
4) Sambamurthy
5) K.U.B. Rao

3. A ‘Working Group on Resolution Regime for Financial Institutions’ set up by RBI submitted the recommendations on 2 May 2014. It is headed by......
1) Anand Sinha 
2) Aditya Puri
3) B. Mahapatra 
4) Prakash Bakshi
5) None

4. Dr. Anil Kumar Sharma committee submitted a report to RBI on 22 April 2014 relating to ‘Enabling PKI in Payment System Applications’. PKI stands for.......
1) Payment of King size Instruments
2) Pull and Kill Information
3) Priority Key Infrastructure
4) Public Key Infrastructure
5) None

5. ‘Working Group on Pricing of Credit’ submitted a report to RBI on 10 April 2014. It is headed by.....
1) Smt. Shikha Sharma 
2) K.K. Vohra
3) Anand Sinha 
4) K.C. Chakrabarty
5) None

6. ........Committee submitted a report to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies on 22 March 2014.
1) Narasimham 
2) M.V. Nair
3) Aditya Puri 
4) M. Damodaran
5) None

7. Which panel suggested to set-up specialized banks to cater to the low income households on 7 January 2014?
1) R. Gandhi 
2) Parthasarathy
3) Nachiket Mor 
4) Vijay Bhaskar
5) None

8. Internal group to review the guidelines relating to commercial paper headed by.....
1) R. Gandhi 
2) Raghuram Rajan
3) Shyamala Gopinath 
4) Y.V. Reddy
5) None

9. Saraf committee relates to......
1) Use of human resources in banks
2) Recruitment of minorities in banks
3) Auditing of foreign banks
4) Technology issues in banking
5) None

10. The high level committee to review Lead Bank Scheme headed by......
1) Kalanidhi 
2) Urjith Patel
3) Nachiket Mor 
4) G. Srinivasan
5) Usha Thorat

11. Working group on Benchmark Prime Lending Rate committee headed by.....
1) C. Ranga Rajan 
2) Y.H. Malegam
3) Deepak Mohanty 
4) Rakesh Mohan
5) None

12. By mid June 2014, the bank deposits grew by ...... percent year - on - year to Rs.9,00,894 crore
1) 18.25 
2) 13.91 
3) 11.45
4) 19.25 
5) 21.35

13. CER was established to prevent frauds in loan cases involving multiple lending from
different banks on the same immovable property. CER means.......
1) Central Electronic Recognition
2) Central Ethics Registry
3) Central Electronic Registry
4) Central Election Registry
5) Central Entry Registry

14. Union Government granted Navarathna status to EIL and NBCC on 24 June 2014. NBCC stands for.......
1) National Buildings Construction Corporation
2) National Buildings Consolidate Corporation
3) National Buildings Construction Co-operation
4) National Bulldozer Construction Corporation
5) None

15. National Buildings Construction Corporation (NBCC) was established in......
1) 1951 
2) 1964 
3) 2000
4) 1960 
5) 1991

16. NBCC head office located at.....
1) Mumbai 
2) Bangalore
3) Hyderabad 
4) New Delhi
5) Chennai

17. To set up industrial parks, share hydrological information during Brahmaputra floods and impart training to public officials which nation and India made agreement on 30
June 2014?
1) USA 
2) Canada 
3) Pakistan
4) New Zealand 
5) China

18. Union Minister of Commerce and Industry (Independent Charge) is......
1) Nirmala Sitharaman
2) General VK Singh
3) Dharmendra Pradhan
4) Prakash Javadekar 
5) None

19. Horticulutre crop is.....
1) Wheat 
2) Rice 
3) Mango
4) Bajara 
5) All of above

20. First transgenic crop of India is......
1) Bt. Cotton 
2) Bt. Brinjal
3) Bt. Paddy 
4) Bt. Papaya
5) None

21. In the insurance terminology, the word ‘ULIP’ used. ULIP stands for.....
1) Universal Linked Insurance Plan
2) Union Linked Insurance Plan
3) Unit Loan Insurance Plan
4) Unit Linked Insurance Plan
5) None

22. On 2 July 2014, Cabinet Committee on Economic Affairs (CCEA) approved the inclusion of which commodities under the purview of stock holding limits under the Essential Commodities Act 1955?
1) Onion and paddy
2) Cabbage and potato
3) Onion and chilli
4) Sugar cane and potato
5) Onion and potato

23. CCEA headed by......
1) Commerce minister 
2) Finance minister
3) Prime minister 
4) President of India
5) None

24. Men's Hockey World Cup 2014 winner......
1) Belgium 
2) England
3) Australia 
4) Netherlands 
5) Argentina

25. Men' Hockey World Cup 2014 venue is.....
1) Australia 
2) India 
3) Netherlands
4) Pakistan 
5) Argentina

26. Women's Hockey World Cup 2014 winner...
1) New Zealand 
2) USA
3) Netherlands 
4) Australia
5) Argentina

27. In 2018, the Hockey World Cup host by.....
1) Australia 
2) Germany 
3) Malaysia
4) India 
5) None of above

28. Which of the following term not related to
basket ball?
1) air ball 
2) ball hog
3) boundary line 
4) chucker
5) double dribble

29. As on 1 July 2014, who became World Number 1 pistol shooter in the men's 10 m air pistol
category?
1) Jitu Rai
2) Abhinav Bindra
3) Jaspal Rana
4) Rajyavardhan Singh Rathore
5) Samresh Jung

30. To Track Alien' life, who plans to build ATLAST (Advanced Technology Large
Aperture Space Telescope)?
1) Russia 
2) EU 
3) Israel
4) France 
5) USA

31. India ranked eighth in the list of ten countries in terms of digital governance as per the study of Accenture. Which nation ranked first?
1) USA 
2) UK 
3) China
4) Singapore 
5) Australia

32. M.K.Narayanan resigned as the governor of...
1) AP 
2) Karnataka 
3) West Bengal
4) Odisha 
5) Jammu and Kashmir

33. Jean-Claude Juncker was named as the next President of.......
1) WTO 
2) WEF 
3) NATO
4) World bank 
5) European Commission

34. Which Indian-origin judge appointed as the eighth Attorney-General of Singapore?
1) Dalwari Bhandari 
2) Kala Vatsava
3) V.K. Rajah
4) Santosh Kumar Agarwal 
5) None

35. Singapore currency......
1) Pound 
2) Rupee 
3) Franc
4) Dollar 
5) Peso

36. Tejinder Virdee, known for his work for the Large Hadron Collider conferred with an
honorary knighthood by.....
1) USA 
2) UK 
3) Russia
4) Spain 
5) Britain

37. Sudarsan Pattnaik has won the People's Choice Prize for his work "Save Tree, Save the Future" at the World Cup of Sand Sculpting-2014 held in the Atlantic City of the USA on 28 Jun 2014. He is a famous.....
1) Canvas painter 
2) Music player
3) Reality show player 
4) Sand artist
5) None

38. Sudarsan Pattnaik belongs to......
1) Delhi 
2) Tamilnadu 
3) Assom
4) Odisha 
5) Meghalaya

39. John XXIII and .......were declared as saints of the Roman Catholic Church on 27 April 2014 by Pope Francis at Vatican City.
1) Mother Teresa 
2) Nelson Mandela
3) Tomas Halik 
4) Sister Niveditha
5) John Paul II

40. Rajiv Gandhi Khel Ratna is the highest award in.......
1) Literature 
2) Dance
3) Sports 
4) Technology
5) Information Technology

41. Recipient of Rajiv Gandhi Khel Ratna, Ranjan Sodhi is a.....
1) Kabaddi player 
2) Football player
3) Shooter 
4) Cricket player
5) None

42. Passport Seva Divas is.....
1) 24 June 
2) 27 June 
3) 1 July
4) 15 June 
5) None

43. Passport Seva Divas celebrates on every 24th June, because.....
1) Passport Act in 1967 came in to effect on 24 June.
2) All citizens of India must get passport by 24 June 2015.
3) On 24th June, 1950 Nehru got first passport.
4) On 24th June every year all passport holders must renew their passports.
5) None

44. International Day against Drug Abuse and Illicit Trafficking observed on......
1) 28 Jan 
2) 28 Feb 
3) 28 May
4) 26 June 
5) 26 Dec

45. Which city will be the World Book Capital (WBC) for 2016 in recognition of its promoting the publishing and bookselling industries as said by UNESCO on 26 June 2014?
1) Canberra (Australia) 
2) Rome (Italy)
3) Warsaw (Poland)
4) Berlin (Germany) 
5) None

46. Poland capital is Warsaw and Poland currency is.......
1) Zloty 
2) Forint 
3) Lev
4) Koruna 
5) Euro

47. 11th century step well Rani-ki-Vav has been approved for placement on the World Heritage site list by UNESCO. Rani-ki-Vav is in..
1) Gujarat 
2) MP 
3) UP
4) Bihar 
5) Tamilnadu

48. European Union temporarily banned the import of which of the following items from
India recently?
1) Alphonso mangoes 
2) Snake gourd
3) Bitter gourd 
4) 1 & 2 only
5) All of above

ANSWERS:
1-5, 2-3, 3-1, 4-4, 5-3, 6-3, 7-3, 8-4, 9-4, 10-5
11-3, 12-2, 13-3, 14-1, 15-4, 16-4, 17-5, 18-1, 19-3, 20-1
21-4, 22-5, 23-3, 24-3, 25-3, 26-3, 27-4, 28-3, 29-1, 30-5
31-4, 32-3, 33-5, 34-3, 35-4, 36-5, 37-4, 38-4, 39-5, 40-3
41-3, 42-1, 43-1, 44-4, 45-3, 46-1, 47-1, 48-5.

GENERAL AWARENESS PRACTICE MCQs FOR BANK EXAMS 2014

1. At present, Which of the following bank's largest share-holding (82.23%) is still held by Government?
a) Union Bank of India
b) United Bank of India
c) UCO Bank
d) Punjab National Bank
e) None of the above

2. The existing FDI (Foreign Direct Investment) Policy is modified recently. Important features are?
a) Unlisted companies can also raise capital abroad
b) No prior permission is required to raise capital abroad
c) No permission is also required for subsequent listing in India
d) The above provisions are allowed initially for a period of two years only.
e) All the above

3. At present public sector banks are offering 4% interest on Savings Bank Deposits, whereas Bharatiya Mahila Bank is offering?
a) 4.5% on all the deposits in SB portfolio.
b) 4.25% on all the deposits in SB portfolio
c) 2% excess interest to Mahila Senior Citizens
d) 4.5% on SB balances utto Rs 1.00 lakh and 5% on balances above Rs 1.00 lakh
e) All the above

4. In case of delay in providing credit under RTGS, the beneficiary bank has to pay compensation at current __ to the beneficiary customer per day?
a) Repo Rate + 2%
b) Repo Rate
c) Repo Rate + 3%
d) Bank Rate
e) None of the above

5. As per the provision of Companies Act 2013. What is the minimum paid up capital of a private company?
a) Rs 1.00 lac
b) Rs 2.00 lac
c) Rs 3.00 lac
d) Rs 4.00 lac
e) Rs 1.00 Crore

6. In NEFT Unique transaction Reference (UTR) is a ______ character number?
a) 20
b) 16
c) 26
d) 30
e) 11

7. Which of the following agencies, is empowered to frame rules specifying the period of preservation of records & instruments by a banking company?
a) Reserve Bank of India
b) Central Government
c) Competent court
d) Indian Banks Association
e) None of the above

8. Which of the following orders, the RBI may pass when the affairs of a banking company are detrimental to the interest of public?
a) To call any officer of the Bank to discuss the matter with RBI officials
b) RBI may depute its officer to watch the proceedings at any meeting of the Board of Directors
c) To instruct Banking company to make within specified time the changes in the management
d) None of the above
e) All the above

9. Which of the following state-ments is not correct in connection with interest on loans & advances?
a) The bank may waives the part or full of interest charged to a borrower
b) The bank has liberty to provide interest free loan to a borrower
c) In case the interest charged by the bank is not inconformity with the rate prescribed by the RBI, the court may disallow such excess interest
d) The bank can charge the interest below the prime lending rate
e) All the above

10. Which of the following is not correct regarding selective credit control?
a) Bank loans extended to speculators to hoard goods will lead to inflation
b) Bank credit to consumers to raise demand for durable consumer goods will also lead to inflation
c) The commodities are selected at random
d) Selective credit controls are used to control inflationary pressure
e) All the above

11. Which of the following guidelines are applicable in connection with shortfall in lending to priority sector?
a) An equivalent amount of shortfall under agriculture sector should be invested with RIDF
b) Any shortfall in achieving sub-target under SSI sector, an equivalent amount should be invested with SIDBI
c) Interest of RIDF investment is payable at 40%
d) None of the above
e) All the above

12. Which of the following is the description of a Fixed Deposit Receipt?
a) It is a Negotiable Instrument
b) It is a document of Title to Goods
c) It is a transferable Instrument
d) It is a undertaking to indemnity
e) A Not Negotiable and Transferable instrument

13. In a Company, the registration of charges is required for?
a) Loan against FD
b) Lien on Govt. Securities
c) Book Debts
d) Loan against Shares
e) All the above

14. KYC guidelines have been framed on the basis of four core components. Which of the following in not core component?
a) Customer Acceptance Procedure
b) Customer Identification Procedure
c) Monitoring of Transaction
d) Risk Management
e) Management of Operational risk

15. In Flying Club a/c, cheque signed by the Secretary is received after his death. Whether it is payable?
a) It will be paid
b) It should not be dated subse-quent to date of death.
c) Both a & b
d) Cannot be paid
e) Can be Paid at the discretion of Branch Manager

16. In Internet banking, without involving another bank, what can be done?
a) FD can be issued
b) Intimation regarding LC
c) Issue of cheque
d) Customer funds can be transferred
e) None of the above

17. Payment of interest on Savings Bank accounts by Scheduled Commercial Banks (SCBs) would be calculated on a ______ with effect from April 1, 2010?
a) Minimum balance between 10th and the last date
b) Daily product basis
c) Maximum balance between 10th and the last date
d) No interest payable from 1st April 2010.
e) None of the above

18. Banks print Cheque books having similar particulars. The format of Cheque is prescribed by which Act?
a) N.I. Act 1881
b) It is a Practice / Customs and Usage
c) Transfer of Property Act
d) Sale of Goods Act
e) None of the above

19. Claim payable under the CGTMSE credit guarantee scheme to a women entrepreneur whose loan amount in default is Rs. 80 lakh is __ lakh?
a) 40
b) 50
c) 55
d) 60
e)65

20. One of the following is not a characteristic of Cash Credit?
a) There will be series of disbursements and repayments
b) Stock statements are to be submitted periodically
c) Cheque book facility is given
d) Interest is debited to the account periodically
e) All the above

21. Break Even Point indicates the level of a business activity where?
a) The business breaks down
b) All costs are recovered.
c) Projected profits are recovered
d) Fixed costs are recovered
e) None of the above

22. Section 42(1) of RBI Act 1934 deals with which of the following important ratios?
a) Cash Reserve Ratio
b) Statutory Liquidity Ratio
c) Credit Deposit Ratio
d) Debt Equity Ratio
e) None of the above

23. IBPC stands for?
a) Inter Bank Principal code
b) International Bank for Petro Chemicals
c) Inter Bank Participation Certificate
d) Inter Bank Personal clearing
e) None of the above

24. A 3 years Term Deposit Receipt was originally issued in the name A who nominated 'B'. as nominee. Subsequently, B's name was deleted and C's name was added. After one year B's name is deleted and D's name is added?
a) Accept the request and act accordingly as nomination can be changed any number of times.
b) Not accept the request as change of name is permitted only once.
c) Accept, provided B also gives consent
d) Not accept as RBI directives prohibit such a change
e) Nomination can be changed only twice.

25. Financial assistance for the activity which is not considered indirect finance to agriculture is?
a) Agro service centre
b) Loans to Electricity Boards
c) Finance to primary agricultural societies
d) Bio gas
e) None of these

ANSWERS:
1. b 2. e 3. d 4. a 5. a 6. b 7. b 8. e 9. b 10. c
11. e 12. e 13. c 14. e 15. c 16. d 17. b 18. b 19. c 20. d 21. b 22. a 23. c 24. a  25. d