Banking Awareness Practice Tests for IBPS Clerks Online Exam - Set 13

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The Small Industries Development Bank of India, the principal financial institutions for promotion, financing and development of industries in the small scale sector, started its operation in ____________

1. 1990
2. 1993
3. 1988
4. 1994
5. 1998

Upper limit prescribed for RTGs transaction is ____________

1. Rs. 1 Lakh
2. Rs. 2 Lakhs
3. Rs. 5. Lakhs
4. Rs. 50 Lakhs
5. No upper limit is prescribed

Recently RBI has released on its website, the report of the Committee on Comprehensive Regulation of Credit Rating Agencies. Who among the following is the chairman of this committee ?

1. Dr. K. P. Krishnan
2. Subir Gokarn
3. Ashok Chawla
4. Vipin Malik
5. Dr. A. Vasudevan

Which of the following controls the working of share market in India ?

1. MRTP Act
2. FERA
3. BIFR
4. SEBI
5. None of these

Who wrote "Planned Economy for India " in the year 1934

1. Dr. VKRV Rao
2. M. Visveswaraya
3. Prof. Dantawala
4. neela Kanta Rath
5. None of these

Buyers market denotes

1. excess of supply over demand
2. equal supply and demand
3. commodities being available at competitive rates
4. demand exceeding supply
5. None of these

As per RBI directives, which of the following functions cannot be out sourced by the banks ?

1. Opening and closing of account
2. Cash collections from the parties
3. Recovery of Bad Loans
4. Credit cards and Debit cards
5. Internal Audit

The Foreign Exchange Reserves of India are kept in the custody of

1. World Bank
2. International Monetary Fund
3. Prime Minister Rahat Kosh
4. Reserve Bank of India
5. None of these

Capital Market Regulator is

1. RBI
2. SBI
3. NSE
4. BSE
5. SEBI

Which of the following organizations has brought a report on World Development with the theme "Re shaping Economic Geography" ?

1. World Trade Organization
2. World Bank
3. United Nations Organization
4. Asian Development Bank
5. None of these

Govt. has renamed NREGA with the name associated with ?

1. Mahatma Gandhi
2. Indira Gandhi
3. Rajiv Gandhi
4. Lal Bahadur Shastri
5. None of these

Which is NOT a part of new economic reforms in India ?

1. Globalization
2. Centralization
3. Privatization
4. Liberalization
5. None of these

Which of the following is incorrectly matched ?

1. WTO - Geneva
2. IAEA - Vienna
3. WHO - Paris
4. IMF - Washington
5. None of these

The Draft of the Five Year Plans in India is approved by the

1. National Development Council
2. Planning Commission
3. National Productivity Council
4. Ministry of Finance
5. None of these

The National Stock Exchange is located in _____________

1. New Delhi
2. Mumbai
3. Kolkata
4. Chennai
5. Bengaluru

The market in which long term securities such as stocks and bonds are bought and sold is commonly known as __________

1. Commodities Exchange
2. Capital Market
3. Bull Market
4. Bullion Market
5. None of these

Inflation occurs when aggregate supply is

1. More than aggregate demand
2. Less than aggregate demand
3. Equal to aggregate demand
4. All of these
5. None fo these

One of the sources of income of banks is to charge fee for certain services. What are some of the services provided by the banks for which they charge fee ?
A. Issue of Demand Drafts / Pay Orders
B. Issue of ATM / Credit / Debit Cards
C. Electronic Transfer of Money

1. Only A
2. Only B
3. Only C
4. All A, B and C
5. None of these

Normally, the following types of customers require higher due diligence under KYC norms, except

1. Politically exposed persons (PEPs) of foreign origin
2. non-resident customers
3. farmers with land holding over 10 acres
4. high net worth individuals
5. None of these

Read complete Banking Awareness material for IBPS Clerks from here

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