General Knowledge (GK) is all over gathered information related to current happenings, bank related news and past events. IBS - specialized institute in Bank PO Coaching, Bank Clerical Coaching, SSC Coaching provides the best paper specific material along with answer keys for the aspirants who are preparing for IBPS CWE Bank PO, IBPS CWE Bank Clerical , SSC CGL Exam, RRB OFFICE ASSISTANT, SBI PO , SBI Clerical, FCS , FCI and all other Government related exams.
1. Net National Product is equivalent to:
A. Gross Domestic Product minus Depreciation B. Gross National Product minus Indirect Taxes
C. Net National Income minus Depreciation D. Gross National Product minus Depreciation
2. Off Shore Banking Unit is:
A. a unit which is situated in Foreign country
B. a unit which is situated in Special Economic Zones and deals in foreign currency only
C. a unit which is actively participating in lending foreign currency loans and in joint ventures D. None of the above
3. RBI absorbs liquidity in the system through:
A. Repo B. Reverse Repo C. Both A and B D. Either A or B
4. SEBI controls:
A. Capital Market B. Money Market C. Both A and B D. None of these
5. Shares of companies notified by SEBI can be traded only when these are in ……………. form:
A. physical B. dematerialized C. either A or B D. none of these
6. The Bank which has entered into carbon credit trading advisory services is:
A. ICICI Bank B. UCO bank C. IDBI Bank D. Yes Bank
7. The Base Rate system has replaced BPLR with effect from:
A. 01.05.2010 B. 01.06.2010 C. 01.07.2010 D. 01.08.2010
8. The buyers or the importer who procures a Letter of Credit from his banker is called:
A. opener of the credit B. beneficiary of the credit C. negotiator of the credit D. None of the above
9. The coverage of Right to Information Act (RTI), 2005 is:
A. whole of India B. whole of India, except North Eastern States
C. whole of India, except the State of Jammu & Kashmir D. none of the above
10. The difference between a Term Loan and a Deferred Payment Guarantee relates to:
A. end use of funds B. outlay of funds C. Both A and B D. None of these
11. The Financial Year of RBI starts from:
A. 1st April B. 1st June C. 1st July D. 1st December
12. The largest financial conglomerate of India is:
A. HDFC Bank B. ICICI Bank C. IFCI D. SBI
13. The practice of reducing NPAs through cross-lending to square off loans from bank is known as:
A. “Ever Greening” of advances B. "Take Over" of advances
C. Compromise Settlement D. None of the above
14. The single largest component of external debt is:
A. Commercial borrowings B. Multilateral debt C. Short term debt D. NRI deposits
15. The type of charge created on LIC Policy is:
A. pledge B. hypothecation C. assignment D. all of these
16. Under which of the following methods of depreciation, amount of depreciation varies every year:
A. Written Down Value Method B. Straight Line Method
C. Amount of depreciation does not vary on year to year basis D. None of the above
17. Usually, the validity period of an Income Tax Refund Order is:
A. 1 months B. 2 months C. 3months D. 6 months
18. What is "Stagflation":
A. inflation with growth B. deflation with growth C. inflation after deflations D. inflation with depression
19. What is true about "White Card":
A. It is related to companies producing milk products B. It does not carry on its face, the brand of the issuer
C. It is meant to covert blank money into the economy D. None of the above
20. When a country decides to conduct trade on favorable terms with another country for mutual benefits, this is called:
A. FTA System B. MFN Status C. Bilateral Trade D. Counter Trade
21. Who will be the Chief Guest of India on Republic Day 2014?
A. JhigmaKhesar B. Angela Merkel C. Hamid Karzai D. Shinzo Abe
22. How many fundamental Rights are in Indian Constitution?
A. Five B. Six C. Seven D. Eight
23. National Youth Day observed on which day?
A. Birthday of Rajiv Gandhi B. Birthday of Indira Gandhi
C. Birthday of Swami Vivekanand D. Birthday of JawaharLal Nehru
24. Which of the following has emerged as India’s topnotch brand in banking and financial services industry (BFSI) category in a survey by Trust Research Advisory, a brand intelligence company?
1) ICICI Bank 2) LIC of India 3) SBI 4) Axis Bank 5) HDFC Bank
25. Which of the following statements is/are correct about the Swarnajayanti Gram SwarozgarYojanaAajeevika (SGSY) scheme?
1) The SGSY scheme comes under the Ministry of HRD.
2) The RBI has directed PSBs to provide credit to women SHGs at 7 per cent interest rate for all loans up to Rs. 3 lakh on or after Dec 1, 2013.
3) The RBI has announced that SHGs will be given an additional 3% subvention on prompt repayment of loan.
4) Only 1) and 3) 5) Only 2) and 3)
26. What is India’s rank in the 2013 World Prosperity Index compiled by London-based Legatum Institute recently?
1)51 2)60 3)102 4)103 5)106
27. As per the Draft National Sports Development Bill 2013, which of the following sports federations will have the right to use ‘India’ as the team name?
1) Those who come under the RTI ambit 2) Those who are using the word ‘India’ since 1947
3) Those who are the only representative of the concerned sport
4) Those who have earned international recognition for India 5) None of these
28. The GAGAN system is set to begin initial operations by Dec end. Which of the following statements is/are correct about the system?
1) It stands for GPS Aided Geo Augmented Navigation.
2) This system will create straight and direct air routes, vastly improve precise take-offs and landings and save five per cent of airlines’ fuel bills.
3) It will also benefit banking and financial networks, power grids, precision agriculture, as well as land, sea and air transport.
4) All the above 5) Only 2) and 3)
29. In a bid to support micro and small enterprises (MSEs), the RBI has announced to provide refinance aggregating what amount to SIDBI, which will in turn use the funds for direct as well as onward lending to banks?
1) Rs. 5,000 crore 2) Rs. 7,500 crore 3) Rs. 10,000 crore 4) Rs. 15,000crore 5) None of these
30. According to the RBI, the current account deficit for 2013-14 will stand at less than 3 per cent of gross domestic product (GDP) ) and will be around ______________
1) USD 50billion 2) USD 56 billion 3) USD 60 billion 4) USD 76 billion 5) None of these
31. Which of the following cricketers had become the first victim of the third umpire system adopted by the ICC in 1992?
1) Shane Warne 2) Sachin Tendulkar 3) Steve Waugh 4) Brian Lara 5) None of these
32. A year-long celebration to mark the 150th birth anniversary of LakshminathBezbruahkickstarted in New Delhi recently. He was a literature pioneer belonging to
1) Arunachal 2) Assam 3) Sikkim 4) West Bengal 5) Manipur
33. The two-time Nobel Prize winner British scientist Frederick Sanger died recently. He
1) is the only person to win the Nobel Prize for Chemistry twice. 2) is known as the ‘father of genomics’.
3) contributed greatly in the field of biochemistry. 4) All the above 5) Only 2) and 3)
34. The Basel-III norms will be fully implemented in India from
1) 31 Mar, 2014 2) 31 Mar, 2016 3) 31 Mar, 2018 4) 31 Mar, 2020 5) None of these
35. Expand the term DIPP.
1) Department of Institutional Policy and Promotion 2) Department of Industrial Practices and Policies
3) Department of Industrial Policy and Production 4) Department of Industrial Policy and Promotion 5) None of these
36. Name the risk that is associated with failure of internal processes of a bank or business organisation.
1) Settlement risk 2) Operational risk 3) Procedural risk 4) Credit risk 5) None of these
37. Name the pistol shooter of India who won a gold medal in the ISSF World Cup Final in Munich, Germany recently. She is the first pistol shooter of the country to achieve the feat,
1) HeenaSidhu 2) Annu Raj Singh 3) RahiSarnobot 4) Anjali Bhagwat 5) None of these
38. Who among the following won the 50th edition of the Indian Open golf tournament recently?
1) JyotiRandhawa 2) AnirbanLahiri 3) Mohammad Siddikur 4) Shiv Chowrasia 5) None of these
39. As per the provisions of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), what fraction of the given employment should be women?
1) two-third 2) half 3) one-third 4) one-fourth 5) None of these
40. The term ‘NOTA’ is associated with
1) An international treaty 2) Anti-tobacco campaign 3) Nuclear non-proliferation
4) A voting option in EVMs 5) None of these
ANS:-
1. Net National Product is equivalent to:
A. Gross Domestic Product minus Depreciation B. Gross National Product minus Indirect Taxes
C. Net National Income minus Depreciation D. Gross National Product minus Depreciation
2. Off Shore Banking Unit is:
A. a unit which is situated in Foreign country
B. a unit which is situated in Special Economic Zones and deals in foreign currency only
C. a unit which is actively participating in lending foreign currency loans and in joint ventures D. None of the above
3. RBI absorbs liquidity in the system through:
A. Repo B. Reverse Repo C. Both A and B D. Either A or B
4. SEBI controls:
A. Capital Market B. Money Market C. Both A and B D. None of these
5. Shares of companies notified by SEBI can be traded only when these are in ……………. form:
A. physical B. dematerialized C. either A or B D. none of these
6. The Bank which has entered into carbon credit trading advisory services is:
A. ICICI Bank B. UCO bank C. IDBI Bank D. Yes Bank
7. The Base Rate system has replaced BPLR with effect from:
A. 01.05.2010 B. 01.06.2010 C. 01.07.2010 D. 01.08.2010
8. The buyers or the importer who procures a Letter of Credit from his banker is called:
A. opener of the credit B. beneficiary of the credit C. negotiator of the credit D. None of the above
9. The coverage of Right to Information Act (RTI), 2005 is:
A. whole of India B. whole of India, except North Eastern States
C. whole of India, except the State of Jammu & Kashmir D. none of the above
10. The difference between a Term Loan and a Deferred Payment Guarantee relates to:
A. end use of funds B. outlay of funds C. Both A and B D. None of these
11. The Financial Year of RBI starts from:
A. 1st April B. 1st June C. 1st July D. 1st December
12. The largest financial conglomerate of India is:
A. HDFC Bank B. ICICI Bank C. IFCI D. SBI
13. The practice of reducing NPAs through cross-lending to square off loans from bank is known as:
A. “Ever Greening” of advances B. "Take Over" of advances
C. Compromise Settlement D. None of the above
14. The single largest component of external debt is:
A. Commercial borrowings B. Multilateral debt C. Short term debt D. NRI deposits
15. The type of charge created on LIC Policy is:
A. pledge B. hypothecation C. assignment D. all of these
16. Under which of the following methods of depreciation, amount of depreciation varies every year:
A. Written Down Value Method B. Straight Line Method
C. Amount of depreciation does not vary on year to year basis D. None of the above
17. Usually, the validity period of an Income Tax Refund Order is:
A. 1 months B. 2 months C. 3months D. 6 months
18. What is "Stagflation":
A. inflation with growth B. deflation with growth C. inflation after deflations D. inflation with depression
19. What is true about "White Card":
A. It is related to companies producing milk products B. It does not carry on its face, the brand of the issuer
C. It is meant to covert blank money into the economy D. None of the above
20. When a country decides to conduct trade on favorable terms with another country for mutual benefits, this is called:
A. FTA System B. MFN Status C. Bilateral Trade D. Counter Trade
21. Who will be the Chief Guest of India on Republic Day 2014?
A. JhigmaKhesar B. Angela Merkel C. Hamid Karzai D. Shinzo Abe
22. How many fundamental Rights are in Indian Constitution?
A. Five B. Six C. Seven D. Eight
23. National Youth Day observed on which day?
A. Birthday of Rajiv Gandhi B. Birthday of Indira Gandhi
C. Birthday of Swami Vivekanand D. Birthday of JawaharLal Nehru
24. Which of the following has emerged as India’s topnotch brand in banking and financial services industry (BFSI) category in a survey by Trust Research Advisory, a brand intelligence company?
1) ICICI Bank 2) LIC of India 3) SBI 4) Axis Bank 5) HDFC Bank
25. Which of the following statements is/are correct about the Swarnajayanti Gram SwarozgarYojanaAajeevika (SGSY) scheme?
1) The SGSY scheme comes under the Ministry of HRD.
2) The RBI has directed PSBs to provide credit to women SHGs at 7 per cent interest rate for all loans up to Rs. 3 lakh on or after Dec 1, 2013.
3) The RBI has announced that SHGs will be given an additional 3% subvention on prompt repayment of loan.
4) Only 1) and 3) 5) Only 2) and 3)
26. What is India’s rank in the 2013 World Prosperity Index compiled by London-based Legatum Institute recently?
1)51 2)60 3)102 4)103 5)106
27. As per the Draft National Sports Development Bill 2013, which of the following sports federations will have the right to use ‘India’ as the team name?
1) Those who come under the RTI ambit 2) Those who are using the word ‘India’ since 1947
3) Those who are the only representative of the concerned sport
4) Those who have earned international recognition for India 5) None of these
28. The GAGAN system is set to begin initial operations by Dec end. Which of the following statements is/are correct about the system?
1) It stands for GPS Aided Geo Augmented Navigation.
2) This system will create straight and direct air routes, vastly improve precise take-offs and landings and save five per cent of airlines’ fuel bills.
3) It will also benefit banking and financial networks, power grids, precision agriculture, as well as land, sea and air transport.
4) All the above 5) Only 2) and 3)
29. In a bid to support micro and small enterprises (MSEs), the RBI has announced to provide refinance aggregating what amount to SIDBI, which will in turn use the funds for direct as well as onward lending to banks?
1) Rs. 5,000 crore 2) Rs. 7,500 crore 3) Rs. 10,000 crore 4) Rs. 15,000crore 5) None of these
30. According to the RBI, the current account deficit for 2013-14 will stand at less than 3 per cent of gross domestic product (GDP) ) and will be around ______________
1) USD 50billion 2) USD 56 billion 3) USD 60 billion 4) USD 76 billion 5) None of these
31. Which of the following cricketers had become the first victim of the third umpire system adopted by the ICC in 1992?
1) Shane Warne 2) Sachin Tendulkar 3) Steve Waugh 4) Brian Lara 5) None of these
32. A year-long celebration to mark the 150th birth anniversary of LakshminathBezbruahkickstarted in New Delhi recently. He was a literature pioneer belonging to
1) Arunachal 2) Assam 3) Sikkim 4) West Bengal 5) Manipur
33. The two-time Nobel Prize winner British scientist Frederick Sanger died recently. He
1) is the only person to win the Nobel Prize for Chemistry twice. 2) is known as the ‘father of genomics’.
3) contributed greatly in the field of biochemistry. 4) All the above 5) Only 2) and 3)
34. The Basel-III norms will be fully implemented in India from
1) 31 Mar, 2014 2) 31 Mar, 2016 3) 31 Mar, 2018 4) 31 Mar, 2020 5) None of these
35. Expand the term DIPP.
1) Department of Institutional Policy and Promotion 2) Department of Industrial Practices and Policies
3) Department of Industrial Policy and Production 4) Department of Industrial Policy and Promotion 5) None of these
36. Name the risk that is associated with failure of internal processes of a bank or business organisation.
1) Settlement risk 2) Operational risk 3) Procedural risk 4) Credit risk 5) None of these
37. Name the pistol shooter of India who won a gold medal in the ISSF World Cup Final in Munich, Germany recently. She is the first pistol shooter of the country to achieve the feat,
1) HeenaSidhu 2) Annu Raj Singh 3) RahiSarnobot 4) Anjali Bhagwat 5) None of these
38. Who among the following won the 50th edition of the Indian Open golf tournament recently?
1) JyotiRandhawa 2) AnirbanLahiri 3) Mohammad Siddikur 4) Shiv Chowrasia 5) None of these
39. As per the provisions of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), what fraction of the given employment should be women?
1) two-third 2) half 3) one-third 4) one-fourth 5) None of these
40. The term ‘NOTA’ is associated with
1) An international treaty 2) Anti-tobacco campaign 3) Nuclear non-proliferation
4) A voting option in EVMs 5) None of these
ANS:-
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Nice post for exam details and guide for excellent Bank PO coaching.
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