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August 26, 2013

Banking Awareness Model Paper for IBPS PO / Clerks Exams

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Which of the following term is NOT related with Banking / Finance ?
  1. Annuity
  2. Line of Credit
  3. Heir
  4. Fore Closure
  5. Lipitor



Which of the following Negotiable Instruments can be crossed to the banks ?
  1. Cheques
  2. Bills of Exchange
  3. Drafts
  4. All of these
  5. None of these



"The Global Enabling Trade Report" is released by ?



Coins are minted at __________
  1. Mumbai
  2. Hyderabad
  3. Noida
  4. Kolkata
  5. All of these




The set of directive principles issued by the Central Bank of a country or the process adopted by it to control the supply of money, availability of money, cost of money and rate of interest, etc, in order to bring stability and growth of the "economy" are commonly known as ?





Which of the following is NOT a funciton of a commercial bank ?
  1. Providing project finance
  2. Selling Mutual Funds
  3. Deciding policy rates like CRR, Repo Rates and SLR etc
  4. Settlement of Payments on behalf of the customers
  5. Providing services such as locker facilities, remittances etc




Banks do not issue _________
  1. Cheque Book
  2. PAN Card
  3. Demand Draft
  4. Letter of Credit
  5. Withdrawal Form




Out of the 27 members of the European Union, which country is India's biggest trading partner?



Petro Dollar Means ?



Which of the following Acts was framed specially to deal more effectively with the problem of Non Performing Assets in Banking system?
  1. Industrial Disputes Act
  2. SARFAESI Act
  3. Foreign Exchange Management Act
  4. All of these
  5. None of these




The New Capital Adequacy Framework prescribed for the banks is commonly known as ?



PFRDA stands for ?
  1. Which of the following origanizations / agencies recently prepared a charter of the Banking Codes and Services ? (All banks are required to sign the same)
  2. Indian Bank Association (IBA)
  3. Indian Institute of Banking and Finance (IIBF)
  4. All India Bank Employee's Union
  5. Reserve Bank of India (RBI)
  6. None of these



Which of the following agencies / bodies has asked all foreign funds to come forward and register themselves as Foreign Institutional Investors (FIIs) prior to any investment in India ?




Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched in _______________




As compared to traditional budgeting, in case 0of Performance and Programme Budgeting System (PPBS), which one of the following statements is correct ?
  1. It stresses on outcome only
  2. It stresses on expenditure allocation only
  3. It stresses more on outcome and less on expenditure allocation
  4. It stresses less on outcome and less on expenditure allocation
  5. None of these




Which one of the following partnership in the domestic insurance sector is incorrect ?
  1. HDFC - Standard Life
  2. Birla - Sun Life
  3. Tata - Allianz
  4. Max - New York Life
  5. None of these




Consider the following statements
(I) If the beneficiary of a cheque has lost the cheque, he can instruct the paying bank to stop payment of the cheque without waiting for the account holder's instruction
(II) While outsourcing, the only consideration should be cost savings
Which among the statements given above is / are correct ?
  1. Only I
  2. Only II
  3. Both I and II
  4. Neither I nor II 
  5. None of these




Regional Rural Banks are empowered to transact the business of Banking as defined under ____________________





According to the Securities and Insurance Laws (Amendment) Bill 201, who amongst the following will be Vice - Chairman of joint commission to resolve differences amongst the financial regulators ?

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