Banking Awareness Questions and Answers 2011 for Bank PO and Clerks

100 Most Expected Questions for Banking Awareness:

1. RBIs open market operation transactions are carried out with a view to regulate ____ (A) Liquidity in the economy (B) Prices of essential commodities (C) Inflation (D) Borrowing power of the banks (E) All the above 2. Open market operations , one of the measures taken by RBI in order to control credit expansion in the economy me Ans ____ (A) Sale or purchase of Govt. securities (B) Issuance of different types of bonds (C) Auction of gold (D) To make available direct finance to borrowers (E) None of these 3. The bank rate me (A) Rate of interest charged by commercial banks from borrowers (B) Rate of interest at which commercial banks discounted bills of their borrowers (C) Rate of interest allowed by commercial banks on their deposits (D) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks (E) None of these 4. What is an Indian Depository Receipt? (A) A deposit account with a Public Sector Bank (B) A deposit account with any of depositories in India (C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company (D) An instrument in the form of deposit receipt issued by an Indian depositories (E) None of these 5. Fiscal deficit is ____ (A) total income less Govt. borrowing (B) total payments less total receipts (C) total payments less capital receipts (D) total expenditure less total receipts excluding borrowing (E) None of these 6. In the capital market , the term arbitrage is used with reference to ____ (A) purchase of securities to cover the sale (B) sale of securities to reduce the loss on purchase (C) simultaneous purchase and sale of securities to make profits from price (D) variation in different markets (E) Any of the above

7. The stance of RBI monetary policy is _____ (A) inflation control with adequate liquidity for growth (B) improving credit quality of the Banks (C) strengthening credit delivery mechanism (D) supporting investment demand in the economy (E) Any of the above 8. Currency Swap is an instrument to manage ___ (A) currency risk (B) interest rate risk (C) currency and interest rate risk (D) cash flows in different currency (E) All of the above 9. "Sub-prime" refers to_______ (A) lending done by banks at rates below PLR (B) funds raised by the banks at sub - Libor Rates (C) Group of banks which are not rate as prime banks as per Banker's Almanac (D) lending done by financing institutions including banks to customers not not meeting with normally required credit appraisal standards (E) All of the above 10. Euro Bond is an instrument _____ (A) issued in the European market (B) issued in Euro currency (C) issued in a country other than the country of the currency of the Bond (D) All of the above (E) None of these 11. Money laundering normally involves _____ (A) placement of funds (B) layering of funds (C) integrating of funds (D) All of (A), (B) & (C) (E) None of (A), (B) & (C) 12. The IMF and the World Bank were conceived as institutions to ____ (A) strengthening international economic co-operation and to help create a more stable and prosperous global economy (B) IMF promotes international monetary cooperation (C) The World Bank promotes long term economic development and poverty reduction (D) All of (A),(B) & (C) (E) None of (A),(B) & (C) 13. Capital Market Regulator is _____ (A) RBI (B) IRDA (C) NSE (D) BSE (E) SEBI

14. In the term BRICS , R stands for ______ (A) Romania (B) Rajithan (C) Russia (D) Regulation (E) Npne of these 15. FDI refers to _____ (A) Fixed Deposit Interest (B) Fixed Deposit Investment (C) Foreign Direct Investment (D) Future Derivative Investment (E) None of these 16. Which is the fist Indian company to be listed in NASDAQ? (A) Reliance (B) TCS (C) HCL (D) Infosys (E) None of these 17. Which of the following is the Regulator of the credit rating agencies in India? (A) RBI (B) SBI (C) SIDBI (D) SEBI (E) None of these 18. Who is Brand Endorsing Personality of Bank of Baroda? (A) Juhi Chawala (B) Kiran Bedi (C) Amitabh Bachchan (D) Kapil Dev (E) None of these 19. The Branding Line of Bank of Baroda is ____ (A) International Bank of India (B) India's International Bank (C) India's Multinational Bank (D) World's Local Bank (E) None of these 20. The logo of Bank of Baroda is known as ___ (A) Sun of Bank of Baroda (B) Baroda Sun (C) Bank of Baroda's Rays (D) Sunlight of Bank of Baroda (E) None of these

21. One of the major challenges banking industries is facing these days is money laundering. Which of the following acts/ norms are launched by the banks by the banks to prevent money laundering in general ? (A) Know your customer norms (B) Banking Regulation Act (C) Negotiable Instrument Act (D) Narcotics and Psychotropic Substance Act (E) None of these 22. Lot of Banks in India these days are offering M-Banking Facility to their customers . What is the full form of 'M' in 'M-Banking'? (A) Money (B) Marginal (C) Message (D) Mutual Fund (E) Mobile Phone 23. Which of the following is/are true about the "Sub-Prime Crisis" ? (The term was very much in news recently.) (1) It is a Mortage Crisis referring to Credit default by the borrowers (2) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers (3) This crisis originated of negligence in credit rating of the borrowers (A) Only 1 (B) Only 2 (C) Only 3 (D) All 1,2 & 3 (E) None of these 24. Which of the following is NOT the part of the structure of the financial System in India ? (A) Industrial Finance (B) Agricultural Finance (C) Government Finance (D) Development Finance (E) Personal Finance 25. Which of the following is NOT the part of the Scheduled Banking structure in India ? (A) Money Lenders (B) Public Sector Banks (C) Private Sector Banks (D) Regional Rural Banks (E) State Co-operative Banks 26. As we all know Govt. of India collects tax revenue on various activities in the country. Which of the following is a part of the tax revenue of the Govt. ? (1) Tax on Income (2) Tax on Expenditure (3) Tax on property or Capital Asset (4) Tax on Goods and Services (A) Both 1 and 3 only (B) Both 2 and 4 only (C) All 1,2,3 & 4 (D) Only 2,3 and 4 (E) None of these

27. We very frequently read about Special Economic Zones (SEZs) in newspapers. These SEZs were established with which of the following objectives ? (1) To attract foreign investment directly (2) To protect domestic market from direct competition from multinationals (3) To provide more capital to agriculture and allied activities (A) Only 1 (B) Only 2 (C) Only 3 (D) All 1,2 & 3 (E) None of these 28. Which of the following groups of the countries has almost 50% share in Global emission of carbon every year ? (A) US, China, India, South Africa (B) India, china, Russia , Britain (C) South Africa, Nepal , Myanmar (D) US, Russia, China & India (E) None of these 29. Many times we read about Future Trading in newspapers. What is Future Trading ? (1) It is nothing but a trade between any two stock exchanges where in it is decided to purchase the stocks of each other on a fixed price throughout the year (2) It is an agreement between two parties to buy and sell an underlying asset in the future at a predetermined price (3) It is agreement between Stock Exchanges that they will not trade the stocks of each other under any circumstances in future or for a given period of time (A) Only 1 (B) Only 2 (C) Only 3 (D) All 1,2 & 3 (E) None of these 30. Hillary Clinton formally suspended her campaign to ensure election of who amongst the following for the next President of USA? (A) George Bush (B) Barack Obama (C) John McCain (D) Boll Clinton (E) None of these 31. Hugo Chavez whose name was recently in news is the _____ (A) President of Cango (B) Prime Minister of Uganda (C) President of Venezuela (D) Prime Minister of Brazil (E) None of these 32. The Govt. of India has raised the amount of the loan Waiver to the farmers by 20%. Now the amount is nearly _____ (A) Rs. 60,000 crores (B) Rs. 65,000 crores (C) Rs. 72,000 crores (D) Rs. 76,000 crores (E) Rs. 80,000 crores

33. Delimitation Commission has made a recommendation the next Census should be Panchayat-wise. When is the next Census due ? (A) 2010 (B) 2011 (C) 2012 (D) 2013 (E) 2015 34. The world Health Organization has urged that advertisements of which of the following should be banned to protect youth from bad effects of the same ? (A) Tobacco (B) Alcoholic drinks (C) Junk Food (D) Soft drinks with chemical preservatives (E) None of these 35. Which of the following countries has allocated a huge amount of US $ 10 billion to provide relief to its earthquake victims ? (A) Japan (B) South Korea (C) China (D) South Africa (E) None of these 36. Which of the foloowing names is NOT closely associated with space Programme of India or any other country ? (A) CARTOSAT (B) NLS-5 (C) RUBIN-8 (D) GSLV (E) SCOPE 37. Vijay Hazare Trophy is associated with game of _____ (A) Hockey (B) Cricket (C) Badminton (D) Football (E) Golf 38. Which of the following was theme of the Olympic Torch ? (A) Journey of Harmony (B) Green World Clean World (C) Journey of Peace (D) Jouney of Hunger-free World (E) None of these 39. Which of the following schemes is NOT a social development Scheme ? (A) Indira Awas Yojana (B) Mid Day Meal (C) Bharat Nirman Yojana (D) Sarva Siksha Abhiyan (E) All are Social Schemes

40. Which of the following is NOT a member of ASEAN ? (A) Maleysia (B) Indonesia (C) Vietnam (D) Britain (E) Singapore 41. Which of the following awards are given for the excellence in the field of Sports ? (A) Kalinga Prize (B) Shanti Swarup Bhatnagar Award (C) Arjun Award (D) Pulitzer Award (E) None of these 42. Inflation in India is measured on which of the following indexes/indicators ? (A) Cost of Living Index (COLI) (B) Consumer Price Index (CPI) (C) Gross Domestic Product (GDP) (D) Wholesale Price Index (WPI) (E) None of these 51. As a policy to boost the agricultural sector in the country, the Govt. of India has taken several special measures over the years. Which of the following cannot be considered a measure/ measures which will have a direct impact(s) on the agricultural sector ? 1. Setting up of a National Food Processing Bank. 2. Opening irrigation, sanitation and water projects for development under public private participation. 3. Efforts to bring down fiscal deficit to 5.5 per cent level of GDP. (A) Only 1 (B) Only 2 (C) Only 3 (D) Only 1 and 2 (E) All 1, 2 and 3 52. The Govt. of India is plannning to bring a Second Green Revolution. This will be launched specifically for which of the following parts of the country ? (A) North East and Eastern Regions (B) Central India (C) Jammu & Kashmir (D) Tamil Nadu, Kerala and Andhra Pradesh (E) None of these 53. As we all know, the limit of exemption on personal income tax has been raised by Rs. 10,000. Whenever a relief in direct taxes is given, the underlying motive is always to make money available for which of the following purposes ? 1. Savings 2. Investment for High returns 3. Personal Consumption (A) Only 1 (B) Only 2 (C) Only 1 and 3 (D) Only 2 and 3 (E) None of these

54. As we know, a special scheme One Village One Project is in vogue in some parts of our country and has proved a good incentive to boost the rural economy and the agricultural sector. Now the Govt. has decided to develop 60,000 villages to produce which of the following single crops as a major crop ? (A) Pulses or Oilseeds (B) Wheat or Bajra (C) Sugar or Jute (D) Sunflower or Rose flower (E) None of these 5. The Govt. of India has decided to bring down the fiscal deficit from 6.6 per cent to the level of 5.5 per cent of the GDP so that it can meet growth targets well in time. This target of 5.5 per cent is to be achieved by the end of (A) January 2011 (B) March 2011 (C) December 2010 (D) January 2012 (E) None of these 56. Some economists and financial experts are of the opinion that the Finance Minister of India has done a good job by allocating a fairly good share of budget to ensure that the benefits of the growth also reach the poor and unorganized sectors of the society. What amount in terms of percentage has been allocated to various schemes of the social sector in the Union Budget 2010-11 ? (A) 5% (B) 7.5% (C) 10% (D) 12.5% (E) None of these 57. Many people talk about the roll back of stimulus packages provided last year by the Govt. of India to help certain sectors. If these stimulus packages are rolled back, this would mean that 1. those who have availed these benefits would be required to return them to the Govt. of India. 2. no such incentive would be available henceforth to these sectors. 3. all such benefits/incentives would be available to all the people across the country and will not be restricted to some selected few. (A) Only 1 (B) Only 2 (C) Only 3 (D) Only 1 and 3 (E) Only 2 and 3 58. In order to develop infrastructure in the country at a faster pace, the Govt. of India has fixed some targets. In order to achieve this target, at present, how many kilometers of highway is required to be constructed per day ? (A) 5 km (B) 10 km (C) 15 km (D) 20 km (E) None of these

59. South India will get K-G gas by 2012 was the news in a major financial newspaper. K-G is the abbreviated name of which of the following ? (A) Karnataka-Goa (B) Kaveri-Ganga (C) Krishna-Godavari (D) Karnataka-Gulf (E) None of these 60. Many a times, we read in newspapers that some big banks have revised their lending rates to make them dearer or cheaper. Though the decision to raise the lending rates is always in the hands of the banks normally they announce this decision of theirs 1. immediately after the Union Budget is presented in the Lok Sabha every year. 2. when the RBI makes changes in its policy rates. 3. when the Monetary and Credit Policy of the RBI is reviewed periodically. (A) Only 1 (B) Only 2 (C) Only 3 (D) Only 2 and 3 (E) All 1, 2 and 3 61. How much amount in cash is the Govt. of India planning to infuse in public sector banks, to strengthen their capital base this year ? (A) Rs. 10,000 crore (B) Rs. 12,500 crore (C) Rs. 14,000 crore (D) Rs. 16,500 crore (E) None of these 62. As we all know, the rate of MAT has been increased from the present 15% to 18% with effect from April 2010. What is the full form of MAT ? (A) Maximum Alternate Tax (B) Minimum Alternate Tax (C) Minimum Affordable Tax (D) Maximum Affordable Tax (E) None of these 63. One of the headlines in a major financial newspaper recently was Is Spain the next Greece or Italy or Portugal ? What is the actual meaning of this headline because of which the author has been comparing Spain with the other three countries ? (A) All these three countries have abandoned the membership of the European Union. Spain is also planning to do so (B) All these three countries were the first to come out of recent global recession and that too within a short span of time. Spain is next in queue to declare itself free from the trouble (C) These three nations are badly trapped in a situation where their economy is proceeding from bad to worse condition. Spain also appears to be in the same situation (D) Greece, Itlay and Portugal have signed some special agreements with US and are availing stimulus packages to promote their exports to US on some specific terms. Spain is also willing to do the same (E) None of these

64. Many times we read in newspapers that several companies are adopting the FCCBs route to raise capital. What is the full form of FCCBs ? (A) Foreign Currency Convertible Bonds (B) Foreign Convertible Credit Bonds (C) Financial Consortium and Credit Bureau (D) Future Credit and Currency Bureau (E) None of these 65. The Govt. of India has asked all big companies and corporates to create a separate fund for their Corporate Social Responsibility Activities. What is/are the purpose(s) of this directive issued by the Govt. ? 1. To ensure that companies spend some money on social activities. 2. To bring tr Ansparency in matters of financial tr Ansactions and dealings by corporates. 3. To ensure that corporate entities do not get involved in non commercial activities in the name of social activities as they are required to spend money only on the welfare of the employees and their families. (A) Only 1 (B) Only 2 (C) Only 3 (D) All 1, 2 and 3 (E) None of these 66. Which of the following is an innovative mechanism adopted by banks to meet the targets fixed for lending to priority sector by the Banks ? (A) Buying & Selling of Priority Sector Lending Certification (B) Sale of Kisan Vikas Patra (C) Inter Bank Participation Certificates (D) Adoption of Core Banking Solution (E) None of these 67. The Reserve Bank of India (RBI) recently announced a hike in some policy rates and also indicated that there may be another change in near future. Which of the following is/are considered a policy rate(s) in the hands of the RBI ? 1. Repo Rate 2. SLR 3. Inflation (A) Only 1 (B) Only 2 (C) Only 3 (D) Only 1 and 2 (E) All 1, 2 and 3 68. Zain, which was in news recently, is a company based in which of the following nations ? (A) Kuwait (B) South Africa (C) UAE (D) China (E) None of these

69. Who amongst the following was awarded the prestigious Moortidevi Award recently for his literary works ? (Awardee is a Minister in the Union Cabinet) (A) Veerappa Moily (B) Pranab Mukherjee (C) P. Chidambaram (D) Kapil Sibal (E) None of these 70. The Indian Ministry of Agriculture has decided that despite good stocks of wheat and rice, India will not export the excess stocks. Which of the following may be the reason(s) owing to which the Ministry has taken this decision ? 1. Indian wheat and rice are not in much demand in foreign countries. Hence, very few are takers for the same. 2. The National Food Security Bill has a provision to provide 25 kg of wheat or rice to the families living below poverty line. A huge stock of grains will be needed for the same in near future. 3. Since most countries are still to recover from the global recession, a formula is being worked out where imports and exports will be compensated simply by exchange of commodities available with the countries. India is planning to use its food grain stocks for the same. (A) Only 1 (B) Only 2 (C) Only 3 (D) All 1, 2 and 3 (E) None of these 71. As per the reports published in various newspapers, RBI has asked banks to make a plan to provide banking services to all villages having a population of 2000. This directive issued by the RBI will fall in which of the following categories ? (A) Plan for Financial Inclusion (B) Efforts to meet the targets of Priority Sector Lending (C) Extension of Relief Packages to the Farmers (D) Extensions of Internal and Branchless Banking (E) None of these 72. Which of the following is not a bank or finance company ? (A) Barclays (B) BNP Paribas (C) Lufth (D) HSBC (E) All are banks/finance companies 73. The Indian Railways is in the process of purchasing Bullet Train Technology from which of the following nations ? (A) France (B) China (C) Japan (D) Russia (E) Spain 74. Some State Govts. have started a project Save Snow Leopards. Snow Leopards are found mainly in (A) Jammu & Kashmir (B) Rajasthan (C) Kerala (D) Punjab (E) Tamil Nadu

75. India recently signed an agreement for an Action Plan to Advance Security Cooperation with which of the following nations ? (A) China (B) Bangladesh (C) Pakistan (D) Nepal (E) Japan 76. Sanya Richards who was named as the IAAF World Athlete of 2009 represents which of the following countries ? (A) Jamaica (B) Kenya (C) France (D) Britain (E) USA 77. Who amongst the following was adjudged the European Footballer of the year 2009 ? (A) Roberto Baggio (B) Edger Davids (C) Xavi Hamandez (D) Cristiano Ronaldo (E) Lionel Messi 78. The latest nuclear power reactor of India recently attained criticality at Rawatbhata. Rawatbhata is a place in (A) Uttar Pradesh (B) Madhya Pradesh (C) Uttarakhand (D) Orissa (E) Rajasthan 79. Who amongst the following has recently received the Highest Civilian Honour of France ? (A) Kareena Kappor (B) A. R. Rahman (C) Javed Akhtar (D) Lata Mangeshkar (E) None of these 80. Who amongst the following represented India at the 15th United Nations Climate Change Conference 2009 held in Copenhagen ? (A) Smt. Sonia Gandhi (B) Smt. Pratibha Patil (C) Dr. Manmohan Singh (D) Smt. Meira Kumar (E) None of these 81. Three Indian sportsmen, C. Raju Srither, I.R. Sanam and Ratan Singh recently went to Indonesia and won Gold Medals in one of the events. All three are associated with which of the following sports ? (A) Weightlifting (B) Rifle Shooting (C) Swimming (D) Golf (E) Archery

82. A two-day meeting of the South Asian Association for Regional Cooperation (SAARC) was organized recently in (A) Thimpu (B) Islamabad (C) Kabul (D) Dhaka (E) New Delhi 83. By nominating its Ambassador to which of the following countries after a gap of five years has the USA established its diplomatic relation with it ? (A) Syria (B) Iran (C) Iraq (D) China (E) None of these 84. Which of the following organizations/ agencies is providing a US $ 850 million loan to India for the development of its infrastructure and Khadi industry ? (A) World Bank (B) European Union Finance Corporation (C) Asian Development Bank (D) Govt. of South Africa (E) None of these 86. The census in India is done after a gap of every (A) 5 years (B) 10 years (C) 12 years (D) 15 years (E) None of these 87. Pankaj Advani won which of the following titles in the year 2009 ? (A) Asian Games Gold Medal (B) Asian Billiards Championship (C) WSA Challenge Tour (D) World Professional Billiards Championship (E) None of these 88. Which of the following awards is given for Excellence in the field of sports ? (A) Kalinga Award (B) Golden Pen Award (C) Arjuna Award (D) Bharat Ratna (E) None of these 89. Which of the following states started April Mandis project in all districts of the state to ensure the supply of vegetables and fruits at fair prices ? (A) Gujarat (B) Uttar Pradesh (C) Haryana (D) Delhi (E) None of these

90. Which of the following terms is not used in Economics ? (A) Balanace of Trade (B) Centrifugal force (C) Break even (D) Fiscal Deficit (E) Capital Account 91. The Indira Gandhi Peace Prize 2009 was given to the President of (A) Fiji (B) Bhutan (C) Nepal (D) Bangladesh (E) None of these 92. The Govt. of India recently launched the Jawaharlal Nehru National Solar Mission. This mission is one of the key missions on Indias National Action Plan on (A) Second Green Revolution (B) Climate Change (C) Recharging of Water bodies (D) Electricity to all (E) None of these 93. Voting in local bodies elections is compulsory in which one of the following states ? (A) Delhi (B) Maharashtra (C) Kerala (D) Gujarat (E) None of these 94. Indias exports of which of the following to USA has been growing at a fast pace despite the global slowdown and recession ? (A) Handicrafts and Carpets (B) Textiles and Clothing (C) Horticultural products (D) Foodgrains (E) Services 95. Russia recently agreed to resume import of natural gas from which of the following countries after a gap of about a month following a dispute over prices of the same ? (A) Iran (B) Turkmenistan (C) China (D) Kazakhstan (E) N. Korea 96. India recently signed an agreement for cooperation in the field of nuclear power for civil purposes. This agreement is free from any restrictions on India. India signed this agreement with (A) France (B) Germany (C) USA (D) Canada (E) Russia

97. Between the Assassinations is a book written by (A) Chetan Bhagat (B) Kiran Desai (C) Shobha De (D) Vikram Seth (E) Arvind Adiga 8. Which of the following prizes/ awards is not given for Excellence in the field of Literature ? (A) Dronacharya Award (B) Aga Khan Prize for Fiction (C) Commonwealth Award (D) Nobel Prize (E) Man Booker Prize 99. Which of the following terms is not used in the game of Hockey ? (A) Centre (B) Downswing (C) Drop pass (D) Goal line (E) Blue line 100. Invisible is a novel written by (A) Vikram Seth (B) Chetan Bhagat (C) Anita Desai (D) Meghnad Desai (E) Paul Auster

Current Banking Awareness and Socio Economic Questions 2011 for IBPS Clerk Exam 2011
1). RBI on 16th September 2011 raised the Repo rate by 20 basis points which took the repo rate to (A) 8.00 % (B) 8.25 % (C) 8.50 % (D) 8.75 % 2). The rate at which RBI gives short term loan to commercial banks is called (A) Repo Rate (B) Reserve Repo Rate (C) Bank Rate (D) Cash Reserve Rate 3). The Approach paper of 12th 5 year plan (2012-2017) proposes country`s average growth rate at (A) 8.0% (B) 8.5% (C) 9.0% (D) 9.5% 4). UNCTAD had forecasted India`s growth in 2011 at 8.6 % a year ago now UNCTAD has revised this growth rate at (A) 8.0% (B) 8.1% (C) 8.2% (D) 8.3% 5). At the end of March 2011,India`s external debt stock stood at (A) US $ 298.6 billion (B) US $ 300.9 billion (C) US $ 305.9 billion (D) US $ 311.6 billion 6). As on end march 2011,the percentage of short term debt to total debt stands at (A) 21.2 % (B) 20.0 % (C) 19.3 % (D) 18.9 % 7). Which of the following committee has proposed to abolish the distinction between the Plan and Non-Plan expenditure (A) Suresh Tendulkar Committee (B) Rangarajan Committee (C) Rakesh Mohan Committee (D) Usha Thorat committee

8). During April-July 2011 period, the core sector registered ............ growth against 6.5 growth is the same period last year (A) 5.6 % (B) 5.7 % (C) 5.8 % (D) 6.0 % 9). NTPC has decided to set up its first overseas power plant in (A) Mauritius (B) Sri Lanka (C) Indonesia (D) Kenya 10). During 2011,total farm exports of India stood at $ 21903 miilion which is ........ of total ountry`s export (A) 8.68 % (B) 9.32 % (C) 9.96 % (D) 10.03 % 11). On which one of the following "Head of the Expenses", the expenses of the Govt. of India are highest ? (A) Food Subsidy (B) Oil Subsidy (C) Fertilizer Subsidy (D) POL Subsidy 12). Under provisions of which one of the following acts the RBI issues directives to banks of India (A) RBI Act (B) RBI Regulation Act (C) Essential Commodity Act (D) RBI and Banking Regulation Act 13. Consider the following: 1. Repo Rate 2. Reverse Repo Rate 3. Cash Reserve Ratio 4. Statutory Liquidity Ratio Which among the above are called Statutory Pre-emptions? (A) 1 & 2 (B) 2 & 3 (C) 3 & 4 (D) 1 & 4 14). Which among the following body regulates Mutual Funds in India? (A) RBI (B) SEBI (C) NABARD (D) AMFI 15). Which among the following was the main objective of the Fiscal Responsibility and Budget Management Act, 2003? (A) Achieve Fiscal Surplus (B) Eliminate Revenue deficit (C) Eliminate Fiscal Deficit (D) Stop Money Laundering

Latest 15 Current Affairs November 2011 Quiz /Questions

1).NICRA which was recently in news stands for-(A) National Initiative on climatic Resolution Agreement (B) National Initiative on climate Resilient Agriculture (C) National Initiative on capacity building of Resilient Agriculture (D) None of the above. 2).Food Safety and standards Act 2001 came into force on (A) August 10,2011 (B) August 20,2011 (C) August 5,2011 (D)August 23,2011 3). T-50 stealth fighter is being jointly developed by India and (A) Russia (B) France (C) Japan (D) South Africa 4). How many Central Public Sector Enterprises (CPSEs) have recently been granted Maharatna Status (A) Five (B) Eight (C) Nine (D) Seven 5). Recently India signed joint Border map with (A) Pakistan (B) Nepal (C) Myanmar (D) Bangladesh 6). INS Kaurava is India`s (A) Patrol Vessel (B) Water jet fast attack craft (C) Aircraft Carrier (D) None of the above 7). Anna Hazare ended his fast on August 28 2011 after parliament adopted resolution backing his three demands.Which is not one of them ? (A) Lowered Bureaucracy be covered under the ambit of Jan Lokpal Bill (B) Citizen`s Charter be approved by parliament (C) President of India should also be covered under the ambit of Jan Lokpal bill (D) Appointment of Lokayuktas in states under the Jan Lokpal Bill 8). The New Prime Minister of Nepal is (A) Ram Baran Yadav (B) Kamal dahl Prachanda (C) Baburam Bhattarai (D) Jhalanath Khanal

9). Tony Tan is the new President of (A) Malaysia (B) Singapore (C) Indonesia (D) Australia 10). Aisa Pacific Parliamentarians conference was recently held in (A) Chiang Mai (B) Delhi (C) Jakarta (D) Manila 11). Which country recently listed emergency imposed 28 years ago ? (A) Sri Lanka (B) Thailand (C) Indonesia (D) Myanmar 12). Who is the Chief Minister of Karanataka ? (A) B.S Yeddyurappa (B) Sadananda Gowda (C) Nishank Pokhriyal (D) K.Rosaiah 13). Which among the following is not correctly matched ? Governor (A) Ram Naresh Yadav (B) Syed Ahmed (C) K.Rosaiah (D) K.Sanaranarayan State (A) Rajasthan --- wrong (B) Jharkhand (C) Tamil Nadu (D) Goa

14). Devan Sharma recently resigned from the post of President of (A) Indian Space Research Organization (ISRO) (B) Standard and Poor`s (C) World Trade Organization (D) None of the above 15). Naota Kan recently resigned from the post of the Prime Minister of (A) Poland (B) Japan (C) England (D)Australia

Here are some of the Question asked in General Awareness Section of IBPS Clerk exam on 27th November 2011 in the morning shift: 1). With which sport is Sania Nehwal Associated ? 2). With which sport is Ranji Trophy Related ? 3). M.S Alhuwalia was recently preseted with which Award ? 4). Which country is the largest producer of Jute? 5). The 2016 summer Olympics are scheduled to held in which country? 6). Which among the following countries is a member of G-8? 7). When is Ozone Day Celebrated ? 8). Who has recently been appointed the PM of South Sudan ? 9). Who has recently been appointed the PM of Japan ? 10). 2 questions are asked on "checques" ? 11). What is the meaning of Non-performing assets ? 12). It is mandatory for all banks to follow the rules of which Act? 13). In BR act,what is the meaning of term "R" ? 14). The Ownerships of the bank is under !) 1).wholly owned by Govt of India 2) wholly owned by RBI 3) jointly owned by Gov tog India and RBI 4) jointly owned by RBI. 15). Which of the following award in music is given by Government of Madhya Pradesh? 16). One question is asked on Teesta dispute of INDIA and Bangladesh? 17). NEFT and RTGS are---? They are Electronic Fund Transfer system 18). What is the full form of ETS in banking terms ? 19). One question is asked on Books and Authors ? 20). Who is present Ex officio chairman ship in Rajya Sabha..? 21). Which state is the largest producer of Iron Ore in India ? 22). The major Objective of UNESCO is ? 23). Head Quarters of World Bank are Located at ? 24). Which bank has the largest no of branches and ATM`s in India? 25). Which current India gave license to use for exporting the goods? 26). What is the full form of NET in Banking terms ?

IBPS Clerk 27 November Question paper (Evening Shift General Awareness) Question paper
1. What is Repo Rate?? (a) It is the rate at which RBI gives loans to its prime customers. (b) It is the rate at which RBI gives loans to poor people. (c) It is the rate at which commercial banks borrows rupees from RBI. (d) It is the rate at which RBI borrows rupees from Commercial banks. (e) None 2. N Rangaswamy is the new CM of Puducherry, he actually belongs to which party.? (a) BSP (b) BJP (c) All India NR Congress. (d) AIADMK (e) UDF 3. Who is Union Agriculture Minister at present. (a) Rajiv Kumar Shukla. (b) Sharad Pawar (c) Jairam Ramesh (d) Shashi Tharor (e) None 4. Define KYC in banking sector. (a) Know Your Customer. (b) Know Your Consumer. (c) Know Your Collapse. (d) Knew Your Customer. (e) None. 5. Which is the Central Bank to the Government in India. (a) SBI (b) RBI (c) ICICI (d) SEBI (e) None. 6. NPA stands for (a) Non Performing Asset. (b) Non Performing Adopt. (c) Not Performing Asset. (d) Non Performal Asset. (e) None. 7. Financial Inclusion means (a) Including every Indian citizen financially. (b) Providing banking services to metropolitan areas. (c) Special scheme for senior citizens. (d) Special scheme for government employees. (e) None

8. India recently with which country sign land border dispute agreement. (a) Nepal (b) Bangladesh (c) Pakistan (d) China (e) None 9. Who is the new president of Singapore. (a) Tony Tane (b) Robbert Zoellick (c) Domnique Strauss kan (d) Yoshihiko Noda (e) None 10. Bulls and Bears is related with (a) Cricket (b) Football (c) Shares (d) Chess (e) None 11. Gagan Narang is recently honored with (a) Sita Puraskar (b) Rajiv Gandhi Khel Ratna award. (c) Dronacharya Award (d) Vyas Samman (e) None 12. RTGS means (a) Money transfer from one branch to another branch of the same Bank. (b) Money transfer from one branch to another branch of the different Bank. (c) Money transfer from one Country to another country. (d) Does not transfer money. (e) None 13. Who is Dipika Kumari. (a) Famous Archer. (b) Famous Swimmer. (c) Famous Cricketer. (d) Famous Discuss Thrower. (e) None 14. Which award is given in cinema sector. (a) Pritkzer Prize. (b) Dada Saheb Phalke award (c) Nehru Trophy (d) Man Booker Prize. (e) None 15. In SEZ what does S stands for. (a) Special (b) Simple (c) Stagnant (d) Stiff (e) None 16. Nationalized Banks are also called as (a) Public Sector banks. (b) Private Sector banks. (c) Corporate banks. (d) MFI. (e) None 17. Where is the headquarter of International organization IAEA? (a) Vienna (b) Washington DC (c) Russia. (d) England (e) None 18. Which Government scheme is related to Health Services. (a) ASHA (b) Jeevan Arogya (c) Swabhimaan (d) SABLA (e) None

19. Which person is also called as a father of Green Revolution. (a) Dr. MS Swaminanthan. (b) Dr. Ella Bhatt. (c) Dr. Vijay Mallya. (d) Dr. Siddartha Mukherjee (e) None 20. Which country is NOT related with OPEC group. (a) China (b) Kuwait (c) Iran (d) UAE (e) None 21. Nirumpama Rao is recently appointed as an Indian ambassador to__________ (a) UK (b) USA (c) Russia (d) UAE (e) Kuwait 22. Which credit rating company is recently in news. (a) UNCTAD (b) UNDP (c) Standard & Poors (d) IAEA (e) ADB 23. Teachers Day is celebrated on_____ (a) 5th of September. (b) 5th of November. (c) 5th of December. (d) 5th of August. (e) None 24. Currency of Iran is (a) Real (b) Peso (c) Euro (d) Dollar (e) Lira 25. Which one is a private sector bank. (a) IDBI (b) Bank of Rajasthan (c) HDFC (d) SIDBI (e) None 26. ILO stands for (a) International Labour Organization. (b) International Local Organization. (c) Indian Labour Organization. (d) Italy Labour Organization. (e) None 27. Which one of the following is not related with Hockey. (a) Rangaswamy Cup (b) Nehru Trophy (c) Dhyanchand Cup (d) Sultan Azlan Shah. (e) Davis Cup

 g.a question papere 1) net full form -net assets value 2)indonesia ps- shushilo babang 3)mgnarega links to -cpi 4)bangladseh currency- taka 5)RTGS max and min limit? 6)EMI -equatted monthly installment 7)isro related to space 8)N in LNG? 9)Rs 50 signature of -rbi governor 10)foreign minister-sm krishna.. 11)dr. manmohan singh visted bangladesh for boundary resolution 12)djokowich- lawn tennis 13)r.k.narayan book-malgudi days 14)CASA related work............. 15)retails loans pertais which of the statement... 16)housing loan provided by which bank-hdfc 17)no-ball related to cricket? 18)oil producer country-iran 19) g20 summit in -france 20)ECB -extrnal commercial borrwing 21)gagan narang was awarded....rajiv gandhi khel ratna award 22)award related to litersarutre-gyanpith award 23) anushka sharma was awarded in iifa? 24)unsc permanaet member-france 25)imf h.q-washington dc 26)dilma rouseff is first woman president -brazil 27)opposition leader in parliament-shushma swaraj ARVIND VARSHNEY November 27, 2011 12:57 AM -----RTGS LIMIT- 2LAC-NO UPPER LIMIT LNG-LIQUEFIED NATURAL GAS BHABA ATOMIC CENTRE- AHMADABAD -----Indonesia president---Susilo Bambang Yudhoyono IMF head quarter----Washington dc c-17 aircraft to be purchased from USA Bhaba atomic research center---Mumbai Mgnrega related to-wpi as cpi does not exist in our country g20 agriculture ministerial summit ----france casa is what type of account----I have answered as demand account... ------