Banking Awareness Online Practice Test for IBPS Clerks - Set 21

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Which among the following is Oldest in Age ?

1. ICICI
2. UTI
3. SIDBI
4. NABARD
5. EXIM

HDFC Bank started its operation on ___________

1. January 1990
2. February 1990
3. February 1995
4. January 1995
5. None of these

Many a time we read in the news papers that RBI has changed or revised a particular ratio / rate by a few basis points. What is basis point ?

1. One hundredth of 1%
2. 10% of one hundredth point
3. One hundredth of 10%
4. 1% of one hundredth point
5. none of these

Co-operative banks in India finance rural areas under _______________

1. Farming
2. Hatchry and personal finance
3. cattle and Milk
4. All of these
5. None of these

Interest payable on savings bank accounts is ____________

1. not regulated by RBI
2. regulated by State Governments
3. Regulated by Central Government
4. Regulated by RBI
5. Regulated by Finance Minister

The largest foreign bank operating in India is

1. Citi Bank
2. HSBC
3. Barclays Bank
4. ABN Amro Bank
5. Standard Chartered Bank

Bring out the incorrect statement regarding India's textile sector :

1. India's textile and clothing sector currently employs 35 million people
2. After agriculture it is second largest provider of employment
3. Textile sector has a tendency to shrink as the GDP and Economy grows
4. Textile sector is a major absorber of low-skilled labor
5. All of these

Limited liability means

1. The number of shares in the company is strictly limited
2. Shareholder is only liable for the debts of the company to the extent of the unpaid value of his shares
3. All shareholders have the same liability for the company's debts
4. Shareholder is only liable for the debts of the company limited to the profits
5. None of these

India nationalized 4 major commercial banks in 1969 with deposits not less than

1. Rs 50 crore each
2. Rs 100 crore each
3. Rs 500 crore each
4. Rs 2000 crore each
5. None of these

Which of the following deposits is NOT accepted by commercial banks ?

1. Fixed Deposits
2. Demand Deposits
3. Saving Deposits
4. Public Account Deposits
5. None of these

For which of the following reason, the world's largest credit rating agency 'Standard and Poor's Rating Services, has upgraded its outlook on India to 'Positive' ?

1. On account to the Government's success in reining the debt market
2. on account of the IMF norms compliance by Govt. of India
3. On account of World Bank's compliance by Govt. of India
4. On account of reduced BoP deficit
5. On account of reduced fiscal deficit

Which of the following is the full form of the "WMF" ?

1. Web Mutual Fund
2. World Mutual Fund
3. World Monuments Fund
4. World Music Fund
5. None of these

The Reserve Bank of India keeps on changing various ratios / rates frequently. Why is this done ?
A. To keep inflation under control
B. To ensure that India Rupee does not lose its market value
C. To ensure that banks do not earn huge profits at the cost of public money

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

The Nippon Ginko is teh Central Bank of which of the following countries ?

1. South Korea
2. japan
3. China
4. Taiwan
5. Hong Kong

The Small Industries Development Bank of India was established by the Government of India with an authorized capital of

1. Rs 100 crores
2. Rs 150 crores
3. Rs 200 crores
4. Rs 250 crores
5. Rs 300 crores

The term 'Mixed Economy' denotes ____________

1. Existence of both rural and urban sectors
2. Existence of both private and public sectors
3. Existence of both heavy and small industries
4. Existence of both developed and underdeveloped sectors
5. None of these

Which of the following statements reflects the aim(s) of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) ?
A. Gives focused attention to integrated development of infrastructure in selected cities
B. Provides basic services to the urban poor
C. Scale up civic amenities and provision of utilities in urban areas

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

FDI refers to ____________

1. Fixed Deposit Interest
2. Fixed Deposit Investment
3. Foreign Direct Investment
4. Future Derivative Investment
5. None of these

The inflationary impact of the inflow of foreign capital in India is neutralized by the Reserve Bank of India by which one of the following methods?

1. Permitting outflow of foreign exchange
2. Sale of securities in the open market
3. Facilitating imports of essential commodities
4. Permitting depreciation of India rupee in the foreign exchange market
5. None of these

Read Remaining sets of Banking Awareness Model Practice Tests from below

• Set 1
• Set 2
•  Set 3
• Set 4
• Set 5
• Set 6
• Set 7 
• Set 8
• Set 9 
• Set 10
• Set 11
• Set 12
• Set 13 
• Set 14 
• Set 15 
• Set 16 
• Set 17
• Set 18 
• Set 19 
• Set 20

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