IBPS General Awareness model test paper - 7

IBPS General Awareness model test paper - 7

Q1. Which statement is not correct about Bitcoins?

A. Bitcoin is also called a “cryptocurrency”.
B. Bitcoin is an online currency and payment system.
C. It is a distributed peer-to-peer digital currency.
D. It is a collection of Silver Coins.

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Q2. ‘Dexter’ in the Indian Online Banking System is also known as ________.

A. Computing Method
B. Money Transfer System
C. Virus
D. None of these

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Q3. Main Objective of CERT-India is :

A. To protect Indian Banking System and software infrastructure against hacking activities.
B. To store confidential data like card holder’s name, account number, expiration date, CVV code and other discretionary information.
C. To protect Indian cyberspace and software infrastructure against destructive and hacking activities.
D. Both A & B.

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Q4. In the Jan’2014 which ___________ Committee set up by RBI to review governance of bank boards.

A. P.J.Nayak Committee.
B. Dr. Gadgil Committee.
C. Dandekar Committee.
D. James Raj Committee.

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Q5. As of Dec’ 2013, how many Regional Rural Banks are in India?

A. 86
B. 56
C. 102
D. 98

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Q6. Federal Bank’s Headquarter situated at ____.

A. Pune.
B. Kochi
C. Bangalore.
D. Hyderabad.

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Q7. When was Basel Committee established ?

A. 1974
B. 1948
C. 1980
D. 1990

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Q8. CRAR is understand as ______.

A. Capital to Risk Assets Ratio
B. Currency Revenues Aspect Ratio.
C. Currency Residue Aspect Regulator.
D. Capital Risk Adequacy Ratio.

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Q9. Leverage Ratio is best Defined as _______.

A. Relative amount of Capital to total assets (risk weighted).
B. Relative amount of Capital to total assets (excluding risk weighted)
C. Tier I capital to Tier II.
D. None of these

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Q10. Right of Borrowers defined in SARFAESI Act are _____.

A. Borrowers can at any time before the sale is concluded remit the dues and avoid loosing the security.
B. Any unhealthy or illegal act is done by the authorised officer , he will be liable for penal consequences.
C. Borrowers will be entitled to get compensation for such acts.
D. All of these.

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Q11. According to a Report in 2011, It has believed that India’s GDP growth will make the Indian Banking Industry the third largest in asset size in the world by year ______.

A. 2020
B. 2025
C. 2030
D. 2050

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Q12. Which one is not the Indirect taxes ?

A. Excise tax
B. Custom Tax.
C. Property tax
D. Service Tax

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Q13. The chit fund businesses can be registered and regulated only by the respective _____ Governments.

A. Central
B. Union
C. State
D. None of these

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Q14. State whether the following statement is True or False.

The Prime Minister is a member of the National Development Council.

A. True
B. False

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Q15. What is Narrow Banking ?

A. Narrow Banking is similar to Universal Banking.
B. In this, the Bank place its funds under the risk free assets.
C. Banks narrow their activities .
D. None of these.

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Q16. In India which is known as a Taking Over Institution ?

A. IIFL
B. IIFCL
C. RBI
D. IRDA

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Q17. Cross Selling term in banking is best defined as ____.

A. Existing Customer is offered and sold additional services.
B. Transferring Existing A/C from one branch to another.
C. Exchange Gold in terms of money.
D. Mistakenly select undesirable product.

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Q18. What are the Features of Kisan Credit Card Scheme ?

A. Withdrawals through slips/cheques accompanied by card and passbook.
B. Reduction in transaction cost to the banks.
C. Farmers eligible for production credit of 10000 or more are eligible for issue of Kisan Credit Card.
D. None of these.

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Q19. S K Kalia Committee is best known for the recommendation of _____.

A. SHG- Bank Linkage Programme.
B. Kisan Credit Card Scheme.
C. Formation of RRBs.
D. None of these

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Q20. Which year _____ was declared by the UN as the International Year of Cooperatives.

A. 2014
B. 2013
C. 2012
D. 2011

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Q21. Money Markets are also known as _______.

A. Mid term Markets
B. Risk Markets
C. Short term markets
D. Derivative Markets

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Q22. ‘The Name You Can Bank Upon’ is the punch line of ____________.

A. SBI
B. PNB
C. ING Vysya
D. Bank of Baroda

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Q23. Head Office of UCO Bank is located at ______.

A. New Delhi
B. Kolkata
C. Bangalore
D. Mumbai

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Q24. In which year, RBI nationalised?

A.1949
B. 1935
C. 1948
D. 1955

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Q25. In Jan 2014, which government launched ‘Samajvadi Pension Scheme’?

A. Delhi State Government
B. U.P. State Government
C. Gujarat State Government.
D. Central Government.

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