General Awareness Material

Bit Bank for IBPS Probationary Officers Exam – General Awareness

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Probationary Officers are the most demanding career in Banking sector. IBPS, Mumbai conducts all India level Common Written Examination (CWE) for Probationary Officers / Management Trainees. There are about 15 PSU banks which consider IBPS scores for short listing the candidates for group discussion and interviews. General Awareness is an important part of all the Bank recruitment exams. SBI conducts it own written test for POs recruitment. This materials is also useful for SBI recruitment. Key is provided at the end of the bitbank.

1. On 24 March 2011, to which bank, RBI had given permission to raise Rs.1000 cr. of which Rs.500 cr. can be raised through GDRs also?
1) ICICI bank 2) YES bank 3) HDFC bank 4) ING Vysya Bank 5) Dhanalaxmi Bank

2. If a letter from a bank, guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount, it is called ………?
1) Indemnity 2) Pledge 3) Mortgage 4) Letter of Credit 5) Estoppel

3. ……… sanctioned $89.7 million to Assam Power Sector Enhancement program?
1) IBRD (International Bank for Reconstruction and Development
2) IMF ( International Monetary Fund)
3) IDA (International Development Association)
4) ADB ( Asian Development Bank)
5) IFC ( International Finance Corporation)

4. On 21 February 2011, Reliance Industrial Limited (RIL) sold away the sale of 30% stake in 23 blocks to the ..……… for $ 7.2 billion?
1) Scotland Oil 2) Vodafone 3) London Oil 4) Llyod Insurance 5) British Petroleum

5. March list of days given. Pick up wrong one?
1) 8 March- International Women’s Day
2) 15 March- World Consumer Day
3) 17 March- National Vaccination Day
4) 19 March – World Disabled Day
5) 22 March- World Day for Water

6. Recently India’s longest rail bridge work completed having the length of 4.62 km connecting Idapalli to Vallarpadam in Kochi in ..……..?
1) Tamilnadu 2) Bihar 3) Kerala 4) Odisha 5) Goa

7. On 11 January 2011, India’s third Antarctica research centre officially opened. It is …….?
1) Maitri 2) Dakshin Gangothri 3) Himadri 4) Astra 5) Bharati

8. 22nd Moorti devi Award got by Dr. Raghuvansh (Hindi) and 23rd Moorti devi Award got by .……, the Malayalam writer.
1) C. Narayan Reddy 2) Akkitham Achuthan Namboodiri 3) O.N.V. Kurup 4) Veerappa Moily 5) Vishnu Sastry

9. How many teams participated in 2011 Cricket cup?
1) 15 2) 18 3) 14 4) 10 5) 8

10. National Games highest tally of Gold medals got by ……………? ( 70 Gold Medals)
1) Manipur 2) Haryana 3) Goa 4) Services 5) Assam

11. India is the ………… largest nation in the terms of Purchasing Power Parity ( PPP)
1) Second 2) Fifth 3) Third 4) Fourth 5) Tenth

12. The famous personalities are given. Pick up correct pair?
1) K. Subramanyam – Defence Analyst 2) Fateh Singh – Conservator for Wild Life 3) Ashok Sahani – Mining 4) K.S.Chitra – Vocal Music 5) All of above

13. The heads of the states/ appointments are given. Pick up wrong one?
1) Loonel Fernandez Reyna-president of Dominican Republic
2) James Alix – president of Scychelles
3) Mari Kiviniemi – Prime minister of Finland
4) Kamala Persad – Bissessar- Prime minister of Trinidad and Tobago
5) None

14. Which day is celebrated as Earth day?
1) 18 April 2) 14 April 3) 22 April 4) 23 April 5) 7 April

15. Indian National Maritime day celebrated on …………?
1) 12 January 2) 15 January 3) 28 February 4) 5 April 5) 8 March

16. The books written by V.S. Naipaul?
1) Half a Life 2) A House for Mr. Biswas 3) In A Free State 4) Bend in the River 5) All of above

17. Which among the following book is not written by A.P.J.Abdul Kalam?
1) Inspiring Thoughts 2) wings of fire 3) The Greatness Guide 4) 2020- A Vision for the New Millennium 5) My Journey

18. The highest number of wickets taken in World cup Cricket 2011 (with economy rate of 3.62 ) is ………….
1) Muralidharan 2) Yuvaraj Singh 3) Zaheer Khan 4) Tim Southee 5) Shahid Afridi

19. The statements related to the famous Games in the world are given. Pick up wrong one?
1) Olympics- 2008 (Beijing), 2012 (London), 2016 ( Rio)
2) Common Wealth Games-2006 (Sydney), 2010 (New Delhi) , 2014 (Glasgow)
3) Asian Games-2006 (Doha), 2010 (Guangzhou) , 2014 (Incheon)
4) South Asian Games-2006 (Colombo), 2010 (Dhaka), 2012 (New Delhi)
5) None

20. The sports terms are given. Pick up correct one?
1) Cricket- Ashes, Banana, Caught, Doosra, Fine Leg, Googly, Hat-trick, In swing
2) Chess-Bishop, Capture, Grand Master, King, Pawn, Queen, Rook, Stalemate
3) Basket Ball-Basket, Blocking, Free Throw, Jump Ball, Multiple Throws
4) Hockey- Advantage, Bully, Corner, Dribble, Free-hit, Goal Line, Green Card
5) All of above

21. To protect the farmers and cattle growers against any eventual loss of their animals due to death …….. was introduced by the ministry of Agriculture in 2005-06. The premium also subsidized up to 50% by the governments.
1) Animal Health Insurance Scheme
2) Animal Health Scheme
3) Live Stock Protection Scheme
4) Animal Breeding Scheme
5) Livestock Insurance Scheme

22. Rashtriya Swasthya Bima Yojna (RSBY) announced by the Prime Minister August 15, 2007, to provided the insurance cover to Below Poverty Line (BPL) up to Rs.30,000 per annum for a nominal registration of Rs. ………. ?
1) 100 2) 200 3) 30 4) 150 5) 500

23. Union Budget 2011-2012 enhanced Lower Excise duty from 4 percent to ..……%?
1) 5 2) 6 3) 7 4) 8 5) 9

24. Aam Admi Bima Yozana (AABY) announced on 2 October 2008, provides the insurance if the bread winner in the family dies or disabled in the rural area. Who administers this scheme?
1) LIC 2) State Governments 3) UNO 4) ASHA 5) None

25. Provision of Urban Amenities in Rural Areas (PURA) provide the ..… organized by Ministry of Rural Development (MoRD)?
1) Urban Infrastructure 2) Rural Infrastructure 3) School Education 4) Higher education 5) All of above

26. Indira Gandhi National Widow Pension Scheme introduced on 1 February 2009, provide the pension of Rs.200 to the widows aged between ……..years?
1) 40-60 2) 50-70 3) 55-65 4) 45-64 5) 58-65

27. The Custom duty exemptions as per the 2011-12 Budget proposals are given below. Pick up Correct one?
1) Batteries imported by manufacturers of electrical vehicles 2) Concessional excise duty of 10 per cent to vehicles based on Fuel cell technology.
3) Basic customs duty on solar lantern reduced from 10 to 5 per cent. 4) Exemption from import duty for spares and capital goods required for ship repair units extended to import by ship owners 5) All of above

28. The book list is given. Pick up wrong one?
1) R.K.Narayan-Swami and Friends, Grand Mother’s Tale, A tiger of malgudi, the man- eater of malgudi, A horse and Two Goats, The Bachelor of Arts, The Guide
2) A.P.J.Abdul Kalam- Inspiring Thoughts, wings of fire, Indomitable Spirit, 2020- A Vision for the New Millennium, Guiding Souls, Envisioning an Empowered Nation
3) Chetan Bhagat-2 States, 3 Mistakes of My life, One Night @ The call Center, Five Point Some One
4) Robin Sharma- The Greatness Guide, The Monk Who Sold His Ferrari, The Leader Who Had No Title: A Modern Fable On Real Success in Business and in Life
5) None

29. Which bank was emerged as the most popular bank 2010 in the case of more online visits?
1) SBI 2) CITI bank 3) HDFC 4) Bank of Baroda 5) None

30. The Railway Budget 2011-2012 proposals to construct new projects are given below. Pick up correct one?
1) A bridge factory will be set up in Jammu 2) Disel Locomotive unit will be established in Manipur
3) Wagon units in Kolar (Kerala), Alappuzha (Kerala) and Buniadpur (West Bengal)
4) 700 MW gas based power plant will be established in Thakurli in Maharastra
5) All of above

31. The recent appointments and elections was given. Pick up wrong one?
1) Pascal Lamy elected as the Director General of WTO
2) Anibal Cavaco Silva elected as the president of Portugal second time
3) Sudhir Chandra took oath as the chairman of Central Board of Direct Taxes.
4) K.S. Das Guptha became the Director of the Indian Institute of Space Science and Technology
5) None

32. To kill the financial problems of Hand Weavers, Union Government provides Rs. 3,000 cr to ………… as per the budget 2011-12?
1) SBI 2) SFC 3) NCB 4) State Governments 5) NABARD

33. SAIL ultimately got clearance from the ministry of environment and forests to dig Iron Ore Mines. These mines are located in ……….?
1) Goa 2) Odisha 3) Andhra Pradhesh 4) Jharkhand 5) Bihar

34. IAF inducted ‘Super Hercules’ Transport Aircraft, imported from ………?

1) Russia 2) UK 3) France 4) USA 5) Italy

KEY:

1-5; 2-4; 3-4; 4-5; 5-3; 6-3; 7-5; 8-2; 9-3; 10-4; 11-4; 12-5; 13-5; 14-3; 15-4; 16-5; 17-3; 18-5; 19-5; 20-5; 21-5; 22-3; 23-1; 24-1; 25-1; 26-4; 27-5; 28-5; 29-3; 30-5; 31-5; 32-5; 33-4; 34-4.

IBPS General Awareness Material for Probationary Officers

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1. On 7 June, 2011 Syamala Gopinath Committee submitted a report on Small Savings Saving Fund to the finance minister of India. The highlights include ………
1) The Kisan Vikas Patras must be with drawn immediately
2) The long term 10 Years bonds must replace KVP
3) Monthly Savings Scheme and National Savings Certificate Period must be reduced from 6 years to 5 years
4) Post Office savings interest must be raised from 3.5 % to 4.0 %
5) All of above

2. Under Marginal Standing Facility ( MSF) the banks are allowed to borrow up to one percent of their total ……… ?
1) Deposit base 2) Lending 3) Equity 4) Margins 5) Non Provisioning Assets

3. From 1 April 2011, the minimum wage floor level increased from Rs. 100 to Rs. ……… as per the order of Labour Ministry?
1) 115 2) 150 3) 160 4) 175 5) 200

4. After ONGC, IOC, SAIL and NTPC ……… got Maharatna status?
1) CIL 2) BHEL 3) BP 4) RIL 5) RBI

5. Union Government passed FCRA on 2 May 2011. FCRA stands for ………?
1) Foreign Contribution Regulation Act
2) Foreign Conservative Restrictive Act
3) Foreign Contribution Repair Act
4) Foreign Contribution Regulation Apathy
5) None

6. ‘Upper Caste Commission’ to study the poor and economically backward people in the Upper Castes set up by
1) Bihar 2) Uttarakhand 3) West Bengal 4) Goa 5) Rajasthan

7. Gangadhar Pradhan is an exponent in ……… dance?
1) Kuchipudi 2) Kathak 3) Bihu 4) Bharata Natyam 5) None

8. Games/ Sports events are given. Pick the wrong one?
1) India hosts the 1st Super Series Badminton Championship
2) Novak Djokovic of Italy defeated Rafael Nadal of USA to get ATP Miami Masters Crown
3) Paes- Bhupathi duo clinches Miami Title
4) Chennai Super Kings is the two times IPL winner
5) Polly Umrigar award got by Sachin

9. ……… is used in the banking terminology?
1) Stock 2) Bear 3) Listing 4) Open Market Operations 5) Settlement Day

10. Current Account details are given. Pick the wrong one?
1) Generally the businessman having the more transactions opt this account
2) No rule is there to prohibit to allow the individual to take this account
3) The highest rate of interest paid on this account compare to other accounts
4) Any number of transactions can be done
5) No interest or least interest is paid on this account

11. ……… company agreed to export 1700 Cash Dispenser Machines ( CDM) ( ATM) to SBI having base in USA?
1) Axis 2) Banqit 3) Diebold 4) De La Rue 5) Fujitsu

12. Appreciation of money means ………
1) A hike in the price of money due to general fall in the price level.
2) A hike in the price of money due to general increase in the price level.
3) A reduction in the price of money due to general fall in the price level.
4) Absence of the price of money due to general fall in the price level.
5) None

13. Food Corporation of India got the working capital loan up to Rs. ……… crore from the union government?
1) 5000 2)1500 3) 500 4) 100 5) 50

14. The recent appointments/ambassadors list is given. Pick the correct one?
1) Cabinet Committee on Economic Affairs decided to include Kamal Nath and K.V.Thomas
2) Shaan was appointed as the Tobacco Ambassador of India
3) K.K. Talwar was appointed as the Chairman of Medical Council of India
4) N.K.Browne is the New Air Chief Marshal
5) All of above

15. A Peak of Lies written by ……… ?
1) Urmila Deshpande 2) Karan Singh 3) Kushwant Singh 4) Chetan Bhagath 5) R.K.Narayan

16. India was considered to be the member of NSG on 23 May 2011. NSG is a premier non-proliferation body. NSG means ……… ?
1) Nuclear System Group 2) Nuclear Symphony Group 3) Nuclear Syndrom Group 4) Nuclear Suppliers Group 5) None

17. India is not the member in ……… ?
1) G 20 2) G 77 3) G 15 4) G 7 5) SAARC

18. In the given list of the days which is wrongly matched one?
1) 31 May- World No Tobacco Day
2) 13 April- Jallianwallah Bagh Massacre Day
3) 24 March – World TB Day
4) 2 April- All Fools Day
5) None

19. Chandrayaan-2 to cost Rs. 426 crore as granted by Central Government. The project Director of Chandrayaan is ……… ?
1) Madhavan Nair 2) Radhakrishnan 3) M.Annadurai 4) Kasturi Rangan 5) None

20. ……… is the first cricketer in the world cup to claim five wickets and did half century against Ireland in 2011 WC ICC edition?
1) Sachin 2) Harbhajan 3) Pathan 4) Yuvraj Singh 5) Jahir Khan

21. Find the wrong abbreviation?
1) CVC-Central Vision Commission
2) CEC- Central Election Commission
3) CAG-Comptroller and Auditor General
4) IBA-Indian Banks’ Association
5) IBPS-Institute of Banking Personnel Selection

22. The facts relating to Micro Finance Sector as per the statement of Reserve Bank of India on 3 May 2011 given. Pick the Correct one?
1) Micro Finance mean the lending in the small amounts
2) Maximum Rate of Interest levied by them must not cross 26 %
3) Maximum loan can take by the customer from Micro Finance company should not cross Rs. 35,000
4) The above rules are framed by RBI, according to the recommendations of Malegam Committee with few changes
5) All of above

23. On 3 May 2011, RBI in its monetary Policy for 2011-2012, estimated the inflation around ……… percent?
1) 7 2) 8 3) 4 4) 5 5) 6

24. Dedicated Frieght Corridor ( DFC) connecting Khurja (Uttar Pradesh ) to Kanpur (Uttar Pradesh) rail get the fund of $ 975 million from ……… ?
1) IMF 2) IDA 3) IFC 4) IBRD 5) ADB

25. The World Bank details are given. Pick the correct one?
1) Its original name is International Bank for Reconstruction and Development
2) Present members are 187.The latest member is Montenegro ( 18 Jan 2007)
3) Robert B. Zoellick (born in USA, German Origin ) is the present Chairman
4) It has headquarters in Washington D.C
5) All of above

26. India’s total public debt increased by ………percent to Rs. 29,21,360 crore?
1) 4 2) 8.5 3) 8.1 4) 1.3 5) 0.6

27. Dailmler Group got license to establish Non-banking Finance company in India. This group belongs to ………?
1) France 2) Hongkong 3) Japan 4) Germany 5) USA

28. 2010-2011 Fiscal deficit (Actual) declared on 31 may 2011. The deficit is ……… percent against the Budget Estimates of 5.1 %?
1) 4.9 2) 4.7 3) 5.1 4) 9.1 5) 6.7

29. To monitor the investigation and the steps being taken to bring back black money stashed away in foreign banks, the supreme court constituted the committee
under the chairman ship of Justice ………?
1) Markendeya Kathju 2) Lahoti 3) Dashratha Rama Reddy 4) Dinakarna 5) Jeevan Reddy

30. ………tops in the GDP growth with 11.3 percent in the last five years (2005-10) as per the report of Mckinsey & co. Haryana (11%) , Bihar (9.6%), Karnataka (8.5%)
Kerala (8.1%) Andhra Pradesh (7.4%)
1) Delhi 2) Maharastra 3) Kerala 4) Manipur 5) Gujrat

31. The Awards given. Pick up the incorrect one?
1) Sahitya Bharati Samman 2010 conferred on Sitakanta Mohapatra
2) Girdhar Rathi got the Bihari Puraskar for 2010 for Anta ka Sanshaya
3) Indu Sharma Katha Samman got by Vikas Kumar Jha
4) NTPC bagged the Prestigious Business World Award for power Sector
5) None

32. ICC committee recommended the most controversial DRS in all cricket international matches in the coming days. DRS means……… .?
1) Decision Roll System
2) Decision Revision System
3) Deal Review System
4) Decision Review System
5) Dual Revision System

33. On April 7, 2011 as per the statement of RBI, the Credit rate growth rate is ……… in the banks in 2010-2011
1) 21.38 2) 14.25 3) 16.82 4) 20.12 5) 26.31

34. 2010-2011 Deposit growth rates in the banks are ……… percent?
1) 16.84 2) 15.84 3) 16.25 4) 18.54 5) 26.1

35. As per the new order of RBI in May 2011, the government of India is allowed to borrow Rs. ……… crore from the market through Treasury bills of up to one year?
1) 25000 2) 10000 3) 100000 4) 5000 5) 60000

36. The Financial Literacy includes ……….?
1) How to use the limited funds carefully
2) How to invest the funds
3) How to minimize the risk arisen
4) How to reinvest the money earned
5) All of above

37. The recent Sports events are given. Pick the wrong one?
1) Golden Player of IPL-4 – Chris Gayle of RCB
2) Orange Cap to get more runs in (608) IPL-4- Chris Gayle of RCB
3) Purple Cap to get more Wickets (28) in IPL-4- Latish Malinga of Mumbai Indians
4) Best Individual Performance in IPL 4- Paul Valthaty of Kings XI Punjab
5) None

38. Which bank used Tiny Cards with bio metric identification as part of the financial inclusion?
1) ICICI 2) SBH 3) SBI 4) IDBI 5) Axis

KEY:

1.5 2.1 3.1 4.1 5.1 6.1 7.2 8.2 9.4 10.3 11.3 12.1 13.1 14.5 15.1 16.4 17.4 18.4 19.3 20.4 21.1 22.5 23.5 24.4 25.5 26.4 27.4 28.2 29.5 30.5 31.5 32.4 33.5 34.2 35.1 36.5 37.5 38.3.

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