Multiple Choice Question and Answer for IBPS Bank PO Common written Examination (CWE) General Awareness (Banking) (Marks : 30.00)
Section :
General Awareness
( Marks :
30.00)
Ques
1.
Which among the following is correct about BIS:
1.
BIS does not provide financial services to Individuals
2.
BIS does not provide financial services to Corporations
3.
BIS was created to administer the transaction of monies according to the Treaty of Versailles
4.
All of The Above
Ques
2.
General Manager of BIS is:
1.
Christine Medeleine Odette Lagard
2.
Jaime Caruana
3.
Jim Yong Kim
4.
None of The Above
Ques
3.
In _______, the Bank of Rajasthan (BOR) was acquired by the ICICI bank:
1.
2010
2.
2011
3.
2012
4.
None of These
Ques
4.
ICICI Bank on January, 2015 announced the launch of the India's first _____debit and credit cards, enabling its customers to make electronic payments by just waving the cards near the merchant terminal in lieu of dipping or swiping them:
1.
Pinless
2.
Codeless
3.
Contactless
4.
Contactless
Ques
5.
ICIC Bank currently (as on July - August 2015) has a network of_____branches and ______ATM's across India:
1.
4,050 branches and 12, 890 ATM's
2.
5,050 branches and 13, 890 ATM's
3.
2,050 branches and 11, 890 ATM's
4.
None of These
Ques
6.
Headquarter of Canara Bank is situated at:
1.
New Delhi
2.
Bangalore, Karnataka
3.
Mangalore, Karnataka
4.
None of The Above
Ques
7.
Slogan of Canara Bank is:
1.
Together We Prosper
2.
A Long Tradition of Trust
3.
It's easy to change for those who love you, Together We Can
4.
None of The Above
Ques
8.
MSME Banking Excellence Awards 2014 organized by Chamber of Indian Micro, Small and Medium Enterprises (CIMSME) at New Delhi award given to
1.
Canara Bank
2.
Punjab National Bank
3.
State Bank of India
4.
None of The Above
1.
Bureau of Financial Supervision
2.
Board for Financial Supervision
3.
Bi-Lateral Financial System
4.
None of These
Ques
10.
The BFS was constituted in:
1.
Dec-94
2.
Nov-94
3.
September, 1994
4.
None of These
Ques
11.
Which among the following is correct about objectives of BFS:
1.
To undertake cosolidated supervision of the financial sector
2.
Financial Sector comprising commercial banks, financial institutions and non-banking finance companies
3.
Both of Above
4.
None of These
Ques
12.
The BFS's board member are appointed for term of :
1.
2 years
2.
3 years
3.
4 years
4.
None of These
Ques
13.
The member of BFS board is chaired by:
1.
Any Deputy Governor
2.
Governor
3.
Deputy Governor appointed by Governor
4.
None of These
Ques
14.
The Deputy Governor in charge of banking regulation and supervision, is nominated as the ________of the (BFS) board:
1.
Head
2.
Vice-Chairman
3.
President
4.
None of These
Ques
15.
______also provides a unified "Kisan Card" issued by banks across the country under Kisan Credit Card, enabling farmers to transact business on ATMs and POS terminals
1.
Maestro Card
2.
RuPay Card
3.
Forex Card
4.
None of The Above
Ques
16.
Which among the following benefits is associated with RuPay:
1.
International transactions lead to higher transactions costs. Such costs can be reduced by using RuPay card since processing will be done within the country. Also transactions will be faster
2.
Users will get alerts for every transaction made through RuPay Card
3.
Processing Fees for RuPay card compared with regular debit/credit cards will be considerably lower
4.
All of The Above
Ques
17.
Credit Cards are a convenient substitute for _____:
1.
Cash
2.
Cheque
3.
Both of The Above
4.
None of The Above
Ques
18.
Credit Card is an essential component of :
1.
Electronic Commerce
2.
Internet Commerce
3.
Both of The Above
4.
None of The Above
Ques
19.
. Reserve Bank of India was established under which among the following act:
1.
Reserve Bank of India Act 1930
2.
Reserve Bank of India Act 1921
3.
Reserve Bank of India Act 1934
4.
None of The Above
Ques
20.
RBI was established in:
1.
1 April, 1940
2.
1 April, 1935
3.
4/1/1948
4.
None of The Above
Ques
21.
In which year, SBI was given control of 8 state associated banks under the State Bank of India (Subsidiary Banks) Act, 1959:
1.
1965
2.
1975
3.
1960
4.
None of The Above
Ques
22.
When was the first nationalization of many banks were conducted:
1.
19 August, 1969
2.
19 October, 1969
3.
19 July, 1969
4.
None of The Above
Ques
23.
How many banks were nationalized as on 19 July, 1969:
1.
15
2.
13
3.
14
4.
None of The Above
Ques
24.
Second Time Nationalization of more than 5 banks were conducted in:
1.
1975
2.
1980
3.
1985
4.
None of The Above
Ques
25.
The most risky charge from a banker's point of view is ______?
1.
Pledge
2.
Hypothecation
3.
Mortgage
4.
Lien
Ques
26.
An equitable mortgage can be created in respect of _______?
1.
Government securities
2.
Real estate
3.
Wheat in a godown
4.
Life Policies
Ques
27.
A charge where there is neither the transfer of ownership nor the possession is called ______?
1.
Hypothecation
2.
Lien
3.
Pledge
4.
Mortgage
Ques
28.
The liability of the mortgager is gradually reduced in the case of _______?
1.
Equitable mortgage
2.
Legal mortgage
3.
Usufructuary mortgage
4.
Conditional mortgage
Ques
29.
These days Banks are offering Loans against Property? Under which business segment, this activity may be categorized?
1.
Corporate Banking
2.
Personal Banking
3.
Merchant Banking
4.
Portfolio Management services
Ques
30.
What do we mean by "ECB" in financial terms?
1.
Essential Commercial Borrowings
2.
Essential Credit & Borrowings
3.
External Credit & Business
4.
External Commercial Borrowings
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1
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4
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4
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