Institute Of Banking Personal Selection : IBPS Model Questions Answers

Institute Of Banking Personal Selection

IBPS Clerk Model Questions

1.Which one of the following foreign agencies will assist the municipal agencies to improve quality of municipal schools through its School Excellence Programmes (SEP) ?

1. IMF
2. UNDP
3. UNICEF
4. ADB
5. None of these

2.Which of the following carries out 'Open Market Operations'?

1. Finance Ministry
2. External Affairs Ministry
3. Reserve Bank of India
4. Planning Commission
5. Ministry of Commerce

3.Under provisions of which one of the following Acts, the RBI issues directives to the Banks in India ?

1. RBI Act
2. Banking Regulation Act
3. Essential Commodities Act
4. RBI and Banking Regulation Act
5. None of these

4.Which one of the following tools is used by RBI for selective credit control ?

1. It advises banks to lend against certain commodities
2. It advises banks to recall the loans for advances against certain commodities
3. It advises banks to charge higher rate of interest for advance against certain commodities
4. It discourages certain kinds of lending by assigning higher risk weights to loans it deems undesirable
5. None of these

5.For which one of the following loan products 'teaser loans' are offered by Banks ?

1. Education Loans
2. Commercial Loans
3. Loans against security of gold
4. Retail Trade Loans
5. Home Loans

6.As per recent newspaper reports, which one of the following countries (among the given) has highest literacy rate ?

1. India
2. Sri Lanka
3. China
4. Vietnam
5. Bangladesh

7.Which one of the following has decided to give guarantee for infra loans ?

1. IDBI
2. SBI 
3. IIFCL
4. SIDBI
5. None of these

8.In which one of the following States is the uranium project proposed to be set up ?

1. Manipur
2. Meghalaya
3. Orissa
4. Assam
5. Nagaland

9.What is 'Kaveri' ?

1. India's indigenous aircraft engine
2. India's low cost laptop
3. India's Air to Air Missile
4. India's guided Surface to Air Missile
5. Unmanned Aircraft acquired from Israel

10.An increasing finished good stock as % to sales of a manufacturing Company indicates that ----
i) the market is getting competitive
ii)the quality of the goods is not upto the mark
iii)the production cost has increased
iv)the production has decreased

1. Only (i) and (ii)
2. Only (ii) and (iii)
3. Only (iii) and (iv)
4. Only (iii)
5. Only (iv) and (i)

11.In which one of the following States Sariska Tiger Reserve is located ?

1. M.P.
2. U.P.
3. Orissa
4. Gujarat
5. Rajasthan

12.Which one of the following may be the consequence of buying forex in the market by the RBI ?

1. Its leads to inflation
2. It lead to control over inflation
3. It does not affect inflation
4. It results into deflation
5. None of these

13.Under provisions of which one of the following Act, the Reserve Bank of India has the power to regulate, supervise and control the banking sector ?

1. RBI Act
2. Banking Regulation Act
3. Negotiable Instrument Act
4. RBI and Banking Regulation Act
5. None of these

14.Who amongst the following is the author of the book "The God of Small Things"?

1. Chetan Bhagat
2. V. S. Naipul
3. Namita Gokhale
4. Kiran Desai
5. Arundhati Roy

15.One of the following states is a major producer of spices -----

1. Karnataka
2. Tamil Nadu
3. Kerala
4. Gujarat
5. Manipur

16.The NAV of a mutual fund ----

1. is always constant
2. Keeps going up at a steady rate
3. Fluctuates with market price movements
4. Cannot go down at all
5. None of these

17.ASBA, a facility while applying/ submitting an application for purchase of shares under a public issue, is ------

1. Applications Simple Balance Amount
2. Amount Saved and Balance in Account
3. Already Savings Blocked Amount
4. Applications Supported by Blocked Amount
5. None of these

18.A Saving Bank Deposit Account is one where ------

1. Amounts are deposited and are withdrawn as per requirement of the customers
2. The deposits are made only once in a year
3. Periodical Fixed amount are deposited month wise and withdrawals are allowed after a fixed period
4. All the above
5. None of these

19.The expansion of CDMA is

1. Calculated Division of Many Applications
2. Computer Divided Multiple Access
3. Code Diversified Memory Applications
4. Code Division multiple Access
5. None of these

20.'Merdeka Cup' is associated with the game of ---------

1. Tennis
2. Hockey
3. Badminton
4. Cricket
5. Football

21.Which of the following is a financial asset ?

1. Gold
2. Silver
3. Shares in a demat account
4. Land & buildings
5. None of these

22.Zero balance account is generally allowed to be opened for -------

1. Salaried class
2. businessmen
3. foreign customers
4. children
5. Senior Citizens

23.Ten Rupee notes contain the signature of ----

1. Finance Secretary, GOI
2. Chairman, State Bank of India
3. Governor, Reserve Bank of India
4. Finance Minister
5. Prime Minister

24.Statue of Liberty is the national monument of ------

1. Italy
2. Australia
3. France
4. Denmark
5. USA

25.Loan against the security of immovable property is by executing an agreement of ----

1. Assignment
2. Pledge
3. Transfer
4. Mortgage
5. None of these

26.Credit Rating --------

1. is used to rate the borrowers while giving advances
2. is used to work out performance of the employees
3. is used to calculate the number of excellent audit rated branches
4. is NOT used in any Bank
5. is necessary before giving promotion to employees.

27.In Corporate Hedging, which one of the following types of risks can be covered ?

1. Liquidity risk
2. Currency risk
3. Credit risk
4. Transaction risk
5. None of these

28.Bank of Rajasthan is now merged with which of the following banks ?

1. AXIS Bank
2. IDBI Bank
3. ICICI Bank
4. HDFC Bank
5. None of these

29.Which of the following is the full form of the abbreviation "IFRS" as used in corporate/finance sector ?

1. Indian Financial Reconciliation Standards
2. Interpretation and Formal Reporting System
3. International Financial Reporting Standards
4. International Financial Reporting System
5. None of these

30.As per the new guidelines issued by SEBI, companies are required to list shares within how many days of the closure of the initial Public Offers (IPOs) ?

1.  60 days
2.  12 days
3.  30 days
4.  45 days
5.  None of these

31.RTGS stands for ------

1. Real Time Gross Settlements
2. Reduced Time Gross Settlements
3. Relative Time Gross Settlements
4. Real Total gross Securities
5. None of these

32.The C. Rangarajan government committee was in news in October 2012 for having submitted its recommendations to the central government. Which recommendations did it make ?

1. complete decontrol of the sugar industry
2. stable trade policy and a moderate duty on imports and exports
3. outright ban or quantitative restrictions to be done away with
4. All of the above
5. None of these

33.As per the 2012 Global Hunger Index report released for the seventh year in October 2012 by the International Food policy Research Institute (IFPRI), Welthungerhilfe and Concern Worldwide, what is the per cent of children under five in India who are underweight ?

1. 36.3 per cent
2. 43.5 per cent
3. 55.2 per cent
4. 60 per cent
5. None of these

34.The British and the government of which territory/region on October 15, 2012 signed a historic deal that will to allow the latter to hold a referendum in 2014 on whether it wants to remain part of the United Kingdom or secede from the 300 - year-old political union ?

1. Wales
2. Falkland Islands
3. Scotland
4. Northern Ireland
5. None of these

35.The Asian Development Band (AD, in its Asian Development Outlook 2012 Update released in October 2012, lowered India's growth forecast for the current fiscal to what per cent, citing falling global demand and impact of delayed monsoon on agricultural production ?

1. 3.3 per cent
2. 4.4 per cent
3. 5.6 per cent
4. 6.1 per cent
5. None of these

36.Which of the following is/are not correct regarding the XII Plant (2012-17) which was approved by the Union Cabinet in October 2012 ?

1. The XII Plan seeks to achieve 4 per cent agriculture sector growth
2. The growth target for the manufacturing sector has been pegged at 10 per cent
3. The approved Plan document will now be placed before the National Development Council for final approval
4. It aims at achieving annual average economic growth rate of 9 per cent  
5. None of these

37.The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), on October 18, 2012 estimated the Indian economy to grow at a slower pace during the current fiscal. What is its projection regarding India's growth rate ?

1. 5.5 per cent
2. 5.9 per cent
3. 6.2 per cent
4. 7.1 per cent
5. None of these

38.John Gurdon and Japanese physician Shinya Yamanaka, on October 8, 2012 won the 2012 Nobel Prize in Medicine for the "re-programming" of the fate of cells. Gurdon is a national of

1. Israel
2. France
3. Britain
4. USA
5. None of these

39.Nkosazana Dlamini-Zuma, in October, 2012, became the first woman to take office as the Chairperson of the African Union Commission (AU at the A.U. head-quarters in

1. Cape-Town
2. Durban
3. Addis Ababa
4. Kampala
5. None of these

40.Which of the following statements is correct regarding Dhanush missile which made headlines in October 2012 ?

1. It has a strike range of up to 350 km and can carry 500 kg of conventional or nuclear warhead
2. it is a single stage missile and has been developed by the DRDO
3. It is about 8.53 metre in length and 0.9 metre in diameter and uses liquid propellant
4. All of the above
5. None of these