Search your Topic HERE....

September 16, 2014

Banking Awareness Practice Tests for IBPS PO IV and Clerks IV Online Exams - Set 28


sponsored links

  1. S. K. Jain was arrested by the Central Bureau of Investigation in connection with a bribery case on 2nd August 2014. He was the Chairman and Managing Director of which of the following public sector banks ?
    1. Canara Bank
    2. Vijaya Bank
    3. Allahabad Bank
    4. Bank of India
    5. Syndicate Bank
  2. On 3rd June 2014, RBI reduction in liquidity provided under the export credit refinance facility to 32 per cent of eligible export credit outstanding from __________ per cent earlier.
    1. 75
    2. 90
    3. 45
    4. 40
    5. 50
  3. Whose prior written permission is necessary for any takeover or acquisition or control of an NBFC (Non-Banking Finance Company) ? 
    1. SEBI
    2. Ministry of Finance
    3. NABARD
    4. SBI
    5. RBI
  4. On 29th May 2014, India was granted $ 1006. 20 million for Sarva Shiksha Abhiyan III, the largest outgoing Education for All programmer in the world, by which organization ?
    1. IDA
    2. ADB
    3. ODA
    4. IMF
    5. World Bank
  5. Hiroshi Naka was appointed as the Vice President and Auditor General of which organization recently ?
    1. IDA
    2. IMF
    3. World Bank
    4. AFD
    5. None of These
  6. Which bank's name included in Second Schedule of RBI Act, 1934 on 21st May 2014 ?
    1. BOB
    2. NABARD
    3. BMB
    4. CITI Bank
    5. ABN AMRO
  7. Now the minors of which age above can open Savings bank accounts ?
    1. 11
    2. 18
    3. 9
    4. 10
    5. 15
  8. RBI has recently allowed banks to provide loans with tenures of up to ___________ years to exporters to help them ensure capital flows to fulfill long term contracts.
    1. 8
    2. 5
    3. 10
    4. 4
    5. 9
  9. First state cooperative bank to have its own "Ru-Pay" ATM cum Debit Card is ?
    1. HP
    2. Bihar
    3. AP
    4. Rajasthan
    5. None of these
  10. Recently which financial organization has came under the scanner of IRDA for alleged irregularities in implementation of govt. sponsored insurance schemes meant for poor people. 
    1. Bajaj Allianz
    2. LIC
    3. ICICI Lombard
    4. Bharti Axa
    5. None of these
  11. In the context of banking sector, DRT is associated with ?
    1. Recurring deposits
    2. Demand and time liabilities of banks
    3. Deposit insurance
    4. Loan recovery
    5. None of these
  12. Reserve Bank of India has extended the timeline for full implementation of the Basel III Capital regulations by a year to _______ recently. 
    1. 31st March 2018
    2. 31st March 2029
    3. 31st March 2019
    4. 31st March 2021
    5. None of these
  13. A recent RBI report has revealed that PSBs will required up to ___________ core capital by March 2018 as they migrate to the capital intensive Basel III frame work.
    1. Rs. 2.2 tn
    2. Rs. 3.4 tn
    3. Rs. 5.8 tn
    4. Rs. 8.2 tn
    5. None of these
  14. What is the condition for a bank to be called a "Scheduled Bank" ?
    1. Its business has to be crossed Rs. 1000 Cr mark
    2. Its branch network should be over 100
    3. It should be included in the second schedule of the RBI act
    4. It should comply with all the above conditions
    5. None of these
  15. The Export-Import Bank of India (EXIM Bank) has, at the behest of the Govt of India, extended a Line of Credit of $89.90 mn to which of the following countries, for developing transportation system recently ?
    1. Cameroon
    2. Nigeria
    3. Tanzania
    4. Kenya
    5. Republic of Congo
  16. Ending days of suspense, the RBI granted banking license to IDFC and micro-finance institution Bandhan Recently.  The in-principle approval granted will be valid for a period of ________comply completely with the requirements.
    1. 6 months
    2. 9 months
    3. 12 months
    4. 15 months
    5. 18 months
  17. 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
  18. RBI has recently announced to release the REER based on the Consumer Price Index (CPI) only from the financial year that began on 1st April 2014. 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. Real Estate Exchange Rate
  19. In which of the following types of banking, the banks offer all types of financial services to expand their business ?
    1. Narrow banking
    2. Social banking
    3. Universal banking
    4. Wholesale banking
    5. Retail banking
  20. Which of the following functions are not being performed by the Reserve Bank of India ?
    1. Regulation of banks in India
    2. Foreign currency management in India
    3. Regulation of foreign direct investment in India
    4. Control and supervision of money supply
    5. None of these

Read more Banking Awareness Model Practice Sets from below

sponsored links



    Deposits in Banks are relatively safe in
    Banks. However, large deposits in small banks or
    cooperative banks or weak banks are not totally risk free and in case
    of failure of these banks, you may loose a part of your hard earned

    At present Banks are compulsorily required
    to get their deposits insured from Deposit Insurance and Credit
    Guarantee Corporation (DICGC). However, DICGC at present
    insures deposits only upto Rs.1 lakh. Thus, deposits in
    banks upto Rs.1 lakhs are safe and secure from the default by the
    bank. The type of deposits insured by DICGC are savings, fixed,
    current and recurring deposits. However, it needs to be
    noted that deposits kept in different branches of a bank will be
    bunched together for the purpose of insurance cover.
    (However, deposits with different banks are insured separately).
    Thus, we can say that through this scheme, each depositor is
    assured of getting upto Rs.1 lac, including the principal and
    interest amount, if ever your bank goes bust. This scheme is
    applicable to all banks in including, foreign banks, cooperative
    banks and regional rural banks.

    The deposits held in join accounts in
    more than one branches of a bank are treated as single holder
    if the names of the holders appear in the same order in all these
    accounts. However, if the order is changed, then these
    qualify to be treated as held in different capacity and protection
    of Rs 1 lac is available separately.

    At present uniform premium is paid by all
    banks to DICGC. (Banks are required to pay premium to
    DICGC for this insurance of the deposits @ 10 paise / Rs.100/- p.a. on
    all deposits). However, RBI is thinking of levying risk-based
    premiums on banks. If it is done so, the banks paying higher
    premium will be treated as more risky then the banks paying lower

    In case the bank gets liquidated, the
    liquidator sends thelist to the DICGC, which will pay the sum to
    the liquidator, who in turn will pass it on to the account holders
    / depositors. In case of merger of banks, the DICGC
    distributes the amount through the bank which has taken over the
    weak bank.

    In case of weak banks, RBI sometimes
    imposes number of restrictions on the operation of the accounts for a
    limited period, e.g. before merger of the bank with other bank
    etc. Although, you may not face default by the bank, yet you can
    be put to lot of inconvenience and your business may suffer on that

  2. Conform Job. Just clear the Typing Test. You will be in the Postal Department soon.. :-)

  3. Typing Mark will not at all be considered for final merit list. You have to just qualify in the typing exam. Mark list will be prepared from descending marks in phase-I (who have qualified in phase-II). Total of 778 post will be allocated for GN category in TN and 160 post will be allocated for OBC category and 96 post for SC/ST. If two candidate gets same mark in merit list, then the elder candidate will be selected. Maintain 30wpm in typing..

  4. May be some barcode like information ..

  5. Go through this link friend.

  6. Sir in question 20, who regulate FDI/

  7. Bro. here the question is "Who will regulate the foreign direct investment" in India.It is done by "FIPB"( foreign investment promotion board) which was formed by cabinet resolution.But the framework will be designed by RBI and SEBI collectively for this task,RBI has every right to decide and detect frauds in Mergers and acquisitions/takeovers by foreign companies and give warning.Like recent case of HDFC(where this bank is arguing that it wont have more than 76% FDI in its firm,but the fact is it has!,and was summoned by FIPB on the recommendation of RBI),even you can see what i said in Q:3.All the best

  8. may b d ministry of finance..........?

  9. DRT full form ?

  10. arihant, upkaar's, kiran prakashan (all the three my first choice)

  11. arihant, upkaar's, kiran prakashan (all the three my first choice).

  12. Debt recovery tribunal

  13. Excellent work.....thanks a lottttttt

  14. Excellent work.thanks a lotttttttttt

  15. thnq so much GA..........when will you upload GK Capsule for RBI........


  17. correct friend,since DIPP is a department of Min. of commerce&industry it only can formulate policy(It only knows and responsible for FDI invested people).But FIPB relates to Economic affairs(Min. of finance).Unless FIPB clears the FDI approval file,nothing can be done,that's why i mentioned that FIPB can regulate FDI.still we have lot of files pending with FIPB(while they were formulated by DIPP).One more thing is if FDI in India(in manufacturing&Infrastructure development sectors),now according to PMO order single window clearance will be given.If environmental threat is there then according to Supreme court order within 3 months clearance/empty hand should be given.Thank you for your comment,all the best

  18. Yes,Universal banking is the one 'which offer wide variety of financial services,as they follow risk reducing strategies like differentiating themselves into investments banks,wholesale banks and retail banks.Then eddy losses will be negligible.where as wholesale banking means giving banking services to large companies in much discounted price(may be varied with dollar fluctuations) than the retail bankers.

  19. Answer of 19th one should be Universal Banking! :)
    Great Stuff by the way...

  20. Good work friend.but these bankruptcy is not possible in Indian scenario(except some bogus banks like Charminar bank,nanda kishore bank etc.,where people saved their money because of the lust of highest interest rates).Our scheduled banks are having relationship with RBI as our Indian states are with Union(they cannot secede themselves) like our banks can't go insolvent.But why RBI and govt. are running after these insurance guaranty schemes(even with petty 1 lakh)is because BASEL-III dagger is hanging on govt. neck,they can only postpone its implementation by one more year(2019) but they need to implement it soon.this DICGC is there from 1978,but no problem with its implementation till now,but because of these BASEL norms more capital should be infused into banks and more security features to be provided to them.In foreign countries(where they have legacy of Layman bro's bankruptcy,and collapse of M&S for 5 months due to bank run) only these types of BASEL norms will be useful,but not in country like India where strict restriction is there.Why I am telling all these things because there is possibility of reduction in interest rates on savings accounts in near future,where our public may suffer a lot with that move.

  21. I have read many imfrmtn abt my exams..thnku admins and co founder of gre8ambitinzz...thnku

  22. hey bro, are you sitting for this year po exam?

  23. yes friend

  24. pleasure is mine friend

  25. vijayalakshmi lakshmiSeptember 20, 2014 at 1:44 PM

    how to download banking practice question

  26. cleared sbi clerk written friends,,,,congos for those who have cleared and all the best friends


Related Posts Plugin for WordPress, Blogger...