Bank Exams 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. 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.