IBPS – PO Exam Material

Following are some practice questions for IBPS Written Examination for Probationary Officers / Management Trainees. The bit bank is also useful for SBI and other Bank PO examinations which are outside the purview of IBPS. The key for these model questions is available at the end of the bits. General Awareness is a subject which changes constantly. Candidates should note that many of the bits may be out of the context by the time they will be going to appear for IBPS -CWE for Probationary Officers.

1. On 25 January 2011, RBI announced its third quarter review of monetary policy review. Pickup incorrect statement.
1) Repo rate has been increased from 6.25% to 6.50%
2) Reverse Repo rate has been increased from 5.25% to 5.5%
3) Cash Reserve Ratio unchanged at 6%
4) Since March 2010, Repo rate has been increased by 1.75% , Reverse Repo rate has been increased by 2.25%
5) None

2. RBI recently extended the additional liquidity support to banks under the liquidity adjustment facility (LAF) to the extent of up to …?
1) 2% 2) 3% 3) 1% 4) 5% 5) 1.5%

3. On 14 January 2011, which bank launched ‘Bank on bike’, a banking service to extend banking services in rural areas, first time in India at Cheriyal village of Medak district in Andhra Pradesh?
1) Andhra Bank
2) State Bank of Hyderabad
3) ICICI
4) Syndicate Bank
5) State Bank of India

4. “Quick estimates of national income, consumption expenditure, saving and capital formation for 2009-10” recently released by … on 31-01-2010.
1) Indian Statistical Institute (ISI)
2) Central Statistical Organization (CSO)
3) National Sample Survey Office (NSSO)
4) Tata Institute of Population Studies (TIPS)
5) World Economic Forum (WEF)

5. India’s GDP (Gross Domestic Product) at factor cost at constant (2004-05) prices in 2009 – 2010 up by …. to Rs. 44.94 lakh crore as against the earlier estimate of 7.4 per cent as per the data released by CSO.
1) 10% 2) 11% 3) 10.5% 4) 8% 5) 9 %

6. To bring the private sector professional to assist on policy matters, who has been appointed as an Advisor to Prime Minister on skill development?
1) Sam Pitroda
2) Dr. R. Chidambaram
3) ShivShankar Menon
4) Prof. C. N. R. Rao
5) S. Ramadorai

7. The Foreign Direct Investment (FDI) details are given. Pick up correct statements.
1) FDI in private banks allowed up to 74%
2) FDI in Public sector banks allowed up to 20%
3) FDI allowed 100% through the automatic route in townships, housing, built-up infrastructure and construction-development projects.
4) China remains the most popular destination for Foreign Direct Investment (FDI) in the world as per the statement given by UNCTAD on 7 September 2010.
5) All of above

8. Which party led the 6000 km Ekta Yatra to unfurl the national flag at Lal Chowk in Jammu and Kashmir?
1) Congress (I) 2) Bahujan Samaj Party 3) BJP 4) National Conference 5) Samajwadi Party

9. Award list is given. Pick up correct statements.
a) J.K. Rowling, author of the ‘Harry Potter’ series of books, has won the Hans Christian Andersen Literature Prize.
b) Dr. Anil Kakodkar, former Chairman of Atomic Energy Commission was awarded the Indian Nuclear Society’s Homi Bhabha Lifetime Achievement Award for the year
2009.
c) Taking note of his work for the welfare of children, A.R. Rehman received Crystal Award of the World Economic Forum.
d) Padma Vibhushan conferred on Dr. (Smt.) Kapila Vatsyayan from the discipline of Art
e) MAKE (Most Admired Knowledge Enterprise) Award conferred on Infosys Technologies.

1) a, b, c, d, e 2) b, c, d 3) a, c, d 4) a, c, d, e 5) a, b, c, d

10. Yashwant Sonawane, the Additional Collector of …… district of Maharastra was burnt alive by kerosene mafia on 25 January 2011.
1) Ahmednagar 2) Akola 3) Jalgaon 4) Parbhani 5) Nashik

11. Which country people raising protests to bring down the 30 year prolonged dictatorship of President Hosni Mubarak?
1) Mynmar 2) Sudan 3) Egypt 4) North Korea 5) Venezuela

12. What is meant by Stapled visa? (China is issuing stapled visas to the residents of Jammu & Kashmir and Arunachal Pradesh, when they visit China).
1) When the visas are issued for the VIPs like President of USA and Russia. Their Visas bear no photo.
2) The visas issued to students to pursue education out side of the commonwealth nations by the American States.
3) When the visas for a visiting country are issued on a separate paper rather than on the passport.
4) When the visas are issued for the refugees like Dalai Lama and Karmapa Lama by India.
5) Visas issued to the Sports personal.

13. Pick up wrong acronym.
1) NCHER – National Commission for Higher Education and Roll.
2) NCHRH – National Commission on Human Resource for Health.
3) NICD – National Institute of Communicable Diseases.
4) NIV – National Institute of Virology
5) CCHF – Crimean – Congo Hemorrhagic Fever.

14. ‘Decision Points’ written by ……?
1) Barrack Obama 2) V.S. Naipaul 3) Arundhathi Roy 4) George W Bush 5) Bin Laden

15. International Customs Day (ICD) each year celebrates on ……?
1) 31 January 2) 14 January 3) 10 January 4) 26 January 5) 5 January

16. Who composed music (original score) to film “127 Hours”, selected for the nomination in 83rd Oscar nominations?
1) John Powell 2) Hans Zimmer 3) A.R. Rahman 4) Alexander Desplat 5) Trent Reznor and Atticus Ross

17. We missed them as the following persons passed away recently. Pick up wrong pair.
1) Pandit Bhimsen Joshi – The famous Hindustani Classical singer, the recipient of Bharat Ratna.
2) Karunakaran- Former Chief Minister of Kerala and an architect of bipolar coalition regime in Kerala.
3) Rameswar Pathak – Famous director and producer of Oriya Films.
4) Surendra Mohan – Socialist thinker and activist.
5) D.V.S. Raju – Veteren Film Producer.

18. Miss Universe, 2010 visited India recently to support the cause of the girl child. Miss Universe 2010 is ….. ?
1) Alexandria Mills of U.S.A
2) Rima Fakih of U.S.A
3) Ximena Navarrette of Mexico.
4) Nicole Faria of India.
5) Manasvi Mamgai of India.

19. Under whose chairmanship, the committee was established by IRDA (Insurance Regulatory Development Authority) on third party motor cover?
1) M. Ramprasad 2) C.B. Bhave 3) Vinod Roy 4) Chturvedi 5) C. Ranga Rajan

20. Abu Dhabi Grand Prix held in November 2010, won by …….?
1) Sebastial Vettel (Germany) 2) Lewis Hamilton (UK) 3) Jenson Button (UK) 4) Nico Rosberg (Germany) 5) Robert Kubica (Poland)

21. Australian Tennis Open results are given. Pick up correct one.
a) Novak Djokovic of Serbia outclassed Andy Murray of Great Britain in man singles event.
b) Kim Clijsters of Belgium dashed Chinese Li Na, dipping hopes of a historic first Grand Slam singles title for China in woman singles event.
c) Mike Bryan & Bob Bryan of USA beaten Leander Paes & Mahesh Bhupathi of India man doubles.
d) Jiri Vesely of Czech republic crushed Luke Saville of Australia in the junior boys segment.
e) An Sophie Mestach of Belgium beaten Monica Puig of Puerto Rico in the junior girls event.

1) a, b, c, d, e 2) a, c, d, e 3) b, c, d 4) b, c, d, e 5) a, c, e

22. RBI had set up the sub-committee, headed by Mr. Y.H. Malegam to give recommendations on the Microfinance institutions. His recommendations do not include … ?
1) Create Separate category of Non- Banking Finance Companies (NBFC) operating in the microfinance sector.
2) Even for Micro-finance loan sector, the set up of Credit Information Bureau is essential.
3) Micro Finance companies must be audited by the lead banks of the concerned districts on monthly basis.
4) Limiting the lending to the same borrower to two Microfinance institutes.
5) Micro Finance Companies must not charge more than 24% from borrowers.

23. Asian Development Bank (ADB) provides of … to India for developing its infrastructure for a three-year period (2011-13)?
1) $ 7.4 billion 2) $ 7.4 million 3) $ 5.4 billion 4) $ 6 billion 5) $ 3.4 billion

24. The Banks Punch lines are given. Pick up correct one.
1) Allahabad Bank – A tradition of trust
2) Andhra Bank – For all your needs
3) Bank of Baroda – India’s International Bank
4) Bank of India – Relationship beyond Banking
5) All of the above

25. The head offices of banks are given. Pick up incorrect one.
1) Allahabad Bank – Kolkatta
2) Andhra Bank – Hyderabad
3) Bank of Baroda – Baroda
4) Bank of India – Mumbai
5) None

26. After 6 years fight, which company got nod from the environment ministry to establish a 12–million – tonne – per – annum steel plant along with captive power plant and a captive port in Orissa? This company has its brain in South Korea.
1) POSCO 2) Mittal 3) Nippon 4) Tata 5) SAIL

27. Familiar steel companies of the world are given. Select the wrong pair.
1) Essar – France
2) Outotec Oyj – Finland
3) Severstal – Russia
4) Nippon Steel – Japan
5) SAIL – India

28. Core sector growth shown 6.6% growth in December 2010. Core Sector includes?
1) Software, Coal, Paper, Electricity, Finished Steel and Petroleum Refinery Products.
2) Sugar, Coal, Rice, Electricity, Finished Steel and Electricity Products.
3) Cement, Coal, Crude Oil, Electricity, Finished Steel and Petroleum Refinery Products.
4) Cement, Coal, Crude Oil, Electricity, Finished Steel and Chemical Products.
5) None

29. Which telecom company became the first to launch ‘Mobile Wallet Services’ in the country on 31 January 2011. It is convenient and secure way of making payments through this mobile platform.
1) IDEA 2) AIRCEL 3) AIRTEL 4) TATA DOCOMO 5) BPL

30. ‘Mobile Wallet Services’ first launched in ……. ?
1) Noida 2) Mumbai 3) Gurgaon 4) Hyderabad 5) Jammu.

Key:

1)5 2)3 3)5 4)2 5)4 6)5 7)5 8)3 9)1 10)5 11)3 12)3 13)1 14)4 15)4 16)3 17)3 18)3 19)1 20)1 21)1 22)3 23)1 24)5 25)5 26)1 27)1 28)3 29)3 30)3

1) The few statements relating to economy are given. Pick up correct statements?
1.Mobile Number Portability (MNP) came in to effect on 20 January 2011 in through out India.
2.TATA Nano received the Good Design Award for 2010 by Chicago Athenaeum. It was appreciated to give space for 4 adults.
3.Azim Premzi, the chairman of WIPRO donated $ 2 billion to improve school education in India.
4.NTPC crossed the mile stone of manufacturing 33,000 MW by installing 500 MW unit at Korba (Chattisgarh)
5.All of above

2) The new series of Rs. 10 Gandhi series will have ……… letter and other features are the same, as per the order of the RBI on 19 Jan 2010?
1. P 2. Y 3. S 4. T 5. N

3) Which bank recently restructured its joint venture agreement with Principal Financial Group of Mauritius to do life insurance business and some other kinds of business ?
1. Bank of Baroda 2. Andhra Bank 3. Punjab National Ban 4. ING Vysya 5. Union Bank of India

4) On 11 January 2011, the railways and Rastirya Ispat Nigam Limited ( RINL) to set up new Rail Axle Manufacturing unit at NewJalpaiguri in ……… ?
1. Karnataka 2. Tamilnadu 3. Uttarpradesh 4. Punjab 5. West Bengal

5) The fiscal deficit in 2010-2011 brought down to ……… % against the Budget estimates of 5.5 %?
1. 4.0 2. 5.4 % 3. 4.5 % 4. 5.0 % 5. 5.1 %

6) Union Budget 2011-2012 hiked the exemption limit of general tax payers from Rs. 1,60,000 to ……… ?
1. Rs. 1,80,000 2. Rs. 2,00,000 3. Rs. Rs. 2,50,000 4. Rs. 5,00,000 5. Rs. 2,25,000

7) On 3 January 2011, how many banks were allowed to import gold and silver as per the order of RBI, taking the total number of banks number to 30 to import the precious
metals?
1.12 2.3 3.10 4.14 5. 7

8) Nomadic Elephant is the Joint military between India and ……… concluded in Belgaum on 19 Dec 2010?
1. USA 2. UK 3. France 4. Mongolia 5. Indonesia

9) 23rd Moorti devi Award received by A.A.Namboodri of ……… ?
1. Hindi 2. Malayalam 3. Telugu 4. Tamil 5. Tulu

10) Vajpayee Arogyasri Yojana benifts the BPL families of ……… to provide the free medical help?
1. Gujarat 2. Karnataka 3. Delhi 4. Madhya Pradesh 5. Bihar

11) Jhalanath Khanal is the prime minister of ……… ?
1. Pakistan 2. Bangladesh 3. Myanmar 4. Sri Lanka 5. Nepal

12) Sports events are given. Pick up wrong one?
1. Tendulkar became first bats man to do 50 test centuries in Cricket.
2. Chennai Open Double won by Leander Paes and Mahesh Bhupathi.
3. Ranji Trophy won by Rajasthan defeating Baroda.
4. Saina Nehwal spot first in the world.
5. Bangladesh hosts 2012 Asia Cricket. India is the winner of Asia Cup 2010.

13) Per capita income (per capita net national income at factor cost) in real terms (at 2004-05 prices), is ……… for 2009-2010 as per recent CSO report?
1. Rs. 33,371 2. Rs.32,981 3. Rs.38,981 4. Rs.22,981 5. Rs.82,981

14) On 25 February 2011, Pranab Mukherjee tabled Economic Survey in the Loksabha. He projected the growth of 2011-2012 nearer to ……… ?
1. 9.5 % 2. 10.25 % 3. 9.25 % 4. 8.5 % 5. 9%

15) Economic survey 2010-2011 options are given. Pick up wrong one?
1. Industrial output grows by 8.6 per cent and manufacturing sector registers 9.1 per cent.
2. Savings rate has gone up to 33.7 per cent, while the investment rate is up at 36.5 per cent of GDP
3. Net bank credit grows by 59 per cent
4. Social programme spending stepped up by 5 percentage points of GDP over past 5 years
5. None

16) Railway Budget 2011-2012 proposed to set up 700 MW gas-based power plant at Thakurli, ………
1. West Bengal 2. Tamilnadu 3. Maharastra 4. Haryana 5. Rajasthan

17) In the Railway Budget, the railway minister said out of every rupee received , 65 paise came from ……… ?
1. Passenger tariff 2. Leases 3. Advertisements 4. Goods Traffic 5. Fines from passengers

18) On 6 January 2011, the first phase of the National Cyclone Risk Mitigation Project (NCRMP), was accepted an estimated cost of Rs 1,496.71 crore benefits ……… ?
1. West Bengal and Odisha 2. Andhra Pradesh and Tamilnadu 3. Andhra Pradesh and West Bengal 4. Odisha and West Bengal 5. Andhra Pradesh and Odisha

19) How much amount must be credited to the customer account, if there is any case of failed ATM transactions as per the directive of RBI?
1. Rs. 150 2. Rs. 110 3. Rs. 100 4. Rs. 250 5. Rs. 50

20) As per the statement of RBI’s Deputy Governor K. C. Chakrabarty, at least all villages will have mobile banks by ……… ?
1. 2015 2. 2020 3. 2014 4. 2016 5. 2025

21) Which International Financial Organisation approved a $ 1.5 billion credit and loan for Pradhanmantri Gram Sadak Yozana?
1. International Monetary Fund (IMF)
2. International Financial Corporation (IFC)
3. International Bank for Reconstruction and Development (IBRD)
4. Internaitonal Development Association (IDA)
5. Asian Development Bank (ADB)

22) National Food Security Mission (NFSM) introduced by the central government of India in 2007 to enhance the production of Wheat, rice and ……… by the end of the
Eleventh Five year plan?
1. vegetables 2. eggs 3. fruits 4. pulses 5. oil seeds

23) Which of the following programme not initiated to eliminate Urban Poverty?
1. National Social Assistance Programme (NSAP)
2. Urban Basic Services for the Poor (UBSP)
3. Antyodaya Anna Yozana (AAY)
4. Swarna Jayanti Shahari Rozgar Yozana (SJSRY)
5. Primeminister’s Integrated Urban Poverty Eradication Programme (PMIUPEP)

24) Tendulkar Committee submitted a report on Poverty estimated that 37.2 % of the Indian population are poor. To identify the poverty, he adopted a new formula of……..?
1. Luxuries Expenditure
2. Income of the person
3. Percapita Income
4. Education and Job
5. Cost of Living

25) On 27 January 2011, the central government said the Infant Mortality Rate (IMR) was reduced to ……… In 2008 it was 53 and it was 58 in 2005.(M.P tops
with 67 and Goa with least number of 11)
1. 35 2. 42 3. 40 4. 45 5. 50

26) ……… provides laptops and net books to school teachers at fair prices under the IT @ School project?
1. Kerala 2. Andhra Pradesh 3. Tamilnadu 4. Haryana 5. Sikkim

27) Bhupinder Singh Hooda headed the working group on Agriculture production submitted the report to the prime minister. He is the chief minister of ……… ?
1. Maharastra 2. Haryana 3. Uttar Pradesh 4. Rajasthan 5. Himachal Pradesh

28) Various types of Loans are given. Pick up wrong one?
1. Amortized loan is a loan of scheduled periodic payments of both principal and interest.
2. Refinance means RBI finance the banks to finance the local money lenders
3. Pledge is a kind of loan by putting movable good as security where as Mortgage is a kind of loan by putting immovable property as security.
4. Standing Loan is a type of loan where payments are made of interest only. Principle return last.
5. Balloon loan is not fully amortized. A balloon payment is required at the end of the term to repay the remaining principal balance of the loan.

29) Union budget 2011-2012 proposed to grant Rs…………..crore to SIDBI (Small Industrial Development Bank of India) for refinancing incremental lending by banks
to Micro Small and Medium Enterprises?
1. 5000 2.6000 3.7000 4.8000 5.10000

30) Mamata Benarjee Proposed highest ever plan outlay of Rs ……… crore in the latest 2011-2012 Budget?
1. 68,050 2. 91,000 3. 57,360 4. 1Lakh 5. 61,025

31) Rail minister Mamata Benarjee laid down the foundation stone for the new rail line from Jogbani in India to Biratnagar in ………?
1. Bangladesh 2. Bhutan 3. Nepal 4. Myanmar 5. China

32) Free magazine distributed to the passengers on high end trains like the Rajadhani express and Shatabdi express. The name of the magazine is ……… ?
1. Rail Bandhu (Rail friend)
2. Rail Siksha (Rail Awareness)
3. Rail Padna (Rail Reading)
4. Rail Samay (Rail Time)
5. Rail Aaz (Rail Today)

33) Pricing of the Bank Products, in an inflationary market in the ……… ?
1. increasing trend
2. decrease and increase trend
3. decreasing trend
4. Negative trend
5. All of above

34) Oldest Joint Stock Bank in India is ……… ?
1.ICICI 2. Union Bank of India
3. Andhra Bank 4. Bank of Rajasthan
5. Allahabad Bank

35) Acronyms are given. Pick up incorrect one?
1. PSLV: Pillar Satellite Launch Vehicle
2. UNODC: United Nations Office on Drugs and Crime
3. INSPIRE: Innovation in Science Pursuit for Inspired Research
4. NDTL-Net Demand and Time Liabilities
5. SARS: Severe Acute Respiratory Syndrome

36) Date List is given. Pick up wrong one?
1. February 28 – National Science Day
2. February 27- International Polar Bear Day
3. February 24 – Central Excise day
4. 22 – International Mother Language day
5. February 14 – Valentines Day

37) The recent books and authors are given. Pick up incorrect one?
1.Civil Disobedience: Two Freedom Struggles, One Life by Lakshmi Chand Jain
2. India For a Billion Reasons edited by Amit Das Guptha
3. Global Crisis Recession and Uneven Recovery: Y. Venu Gopal Reddy
4. Problems of Agricultural Growth in India : Mansih Dubey
5. None.

KEY:

1)5 2)5 3)3 4)5 5)5 6)1 7)5 8)4 9)2 10)2 11)5 12)4 13)1 14)5 15)5 16)3 17)4 18)5 19)3 20)1 21)3 22)4 23)3 24)5 25)5 26)1 27)2 28)2 29)1 30)3 31)3 32)1