IBPS CWE Model Papers

IBPS CWE 2014 Banking Awareness Questions

Model Paper Number - 1
Questions on Banking Awareness are frequently asked in IBPS Bank
probationary Officer and Bank Clerk Exams.
We are here providing short test and model papers to test your ability on various
sections of Bank Exams and other competitive exams. Test your preparation and
prepare these questions for IBPS CWE PO and Clerk 2014.

1.

Marketing is a
a) Political activity
b) Legal activity
c) Socio-economic activity
d) All of the above
e) None of these

2.

Which of the following form the part of general insurance business?

a) Fire insurance
b) Cattle insurance
c) Crop insurance
d) Marine insurance
e) All of these

3.

Which of the following is private sector life insurer in India?

a) Life Insurance Corporation of India
b) Tata AIG Life Insurance Co. Ltd
c) HDFC Standard Life Insurance Co. Ltd
d) Both (b) & (c)
e) All of these

4.

What are the functions of IRDA?

a) It has the power of specify the code of conduct for surveyors and loss assessors
b) It has power to regulate investment of funds by insurance companies
c) It has power to supervise the functioning of Tariff Advisory Committee
d) It has duty regulate promote and ensure orderly growth of the insurance and reinsurance business in India
e) All of these

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5.

What are the various facilities offered by banks through tele-banking?

a) Balance enquiries
b) Enquiries about collections or specific credits/debits transactions
c) Transfer of funds
d) Request for statement of accounts etc.
e) All of these

6.

What do you mean by home banking?

a) Home banking is an extended version of tele banking
b) In home banking the customer is able to access his bank account from his home
for availing a variety of services is made available
c) Home banking is availed through the customers personal computer attached to a
telephone line and modem
d) All of these
e) None of these

7.

For availing home Banking Facility, a client should have following

a) Personal computer
b) Modem
c) Telephone line
d) All of these
e) None of these

8.

What are the various aims of promotion in marketing?

a) Persuasion
b) Inform
c) Reminding
d) Reinforcing
e) None of these

9.

RBI was nationalized in which year?

a) 1943
b) 1945
c) 1946
d) 1947
e) 1949

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10. The promotion mix comprises of?

a) Advertising
b) Sales promotion
c) Public relations
d) Personal selling
e) All of these
11. Which of the following form part of five tools used in promotion mix?
a) Direct marketing
b) Personal selling
c) Advertising
d) All of these
e) None of these
12. Full form of FDMA is
a) Frequency Division Multiple Access
b) Financial Data Multiple Access
c) Financial Data Multiple Act
d) Fund Division Multiple Access
e) None of these
13. VSAT network is a ___ network for banks and financial institution
a) Open user group
b) Closed user group
c) Distributed user group
d) Computer user group
e) None of these
14. Application of VSAT in bank is
a) Inter branch reconciliation
b) Funds and Securities Movement
c) Payment System and Monitoring
d) MIS Reporting
e) All of these

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15. Full form of ERNET is

a) Englands Remote Network
b) Engineering and Research Network
c) Educational and Research Network
d) External and Regular Network
e) None of these

ANSWERS:1. (c).
2. (e).
3. (d).
4. (e).
5. (e).
6. (d).
7. (d).
8. (e).
9. (e).

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10. (e).
11. (d).
12. (a).
13. (b).
14. (e).
15. (c).

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