IBPS General Awareness model test paper - 4

IBPS General Awareness model test paper - 4

Q1. The main products of the retail banking in India are___ ?

A. Travel products.
B. Loan products.
C. Deposits products.
D. Card Products
E. All of the above

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Q2. Which of the following is not a difference between Cheque and Draft ?

A. An issuer party of the cheque is liable to the cheque and not backed by a Bank Guarantee, A Demand draft is backed by a bank guarantee.
B. A cheque can get dishonored but Demand Draft is always honored.
C. DD can be cleared in any branch of the issuer bank.
D. Cheque can be made payable to bearer but a Demand Draft cannot.

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Q3. Nationalization of RBI done in which year ?

A. 1987
B. 1975
C. 1949
D. 1965

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Q4. Which statement is not correct for Promissory Note ?

A. It is always in writing.
B. It has promise to pay money.
C. It can be Demand or Usance Promissory Note.
D. Currency Notes are Promissory Notes.

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Q5. Which statement best defines Cheque Truncation ?

A. Cheque should be transferred with in T+2 days.
B. The Clearing of Cheques on the basis of electronics checks .
C. The physical cheque is replaced with scanned copy of original cheque.
D. It is a system of Cheque clearing and settlement between banks.

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Q6. Which statement is true for Endorsements ?

A. If the holder sign only and does not mention anything else it is called Null Endorsement.
B. If the holder signs and add directions for restriction on further negotiability , then it is called as Conditional Endorsement.
C. A minor is a valid endorser.
D. None of these

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Q7. Who provides Micro Credit ?

A. Public Sector banks
B. Private Sector banks
C. Regional Rural Banks
D. Co-operative Banks
E. All of the above.

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Q8. Which statement is correct ?

A. SLR is abbreviated as Statutory Liquid Rate.
B. OSMOS is abbreviated as Off Site Surveillance and Monitoring System.
C. Prudential Norms refers to ideal/responsible norms maintained by the Regulators.
D. Reserve banks regulates the interest rates on current bank accounts and deposits of FII.

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Q9. “BANK AISA DOST JAISA” punch line is of which bank in India ?

A. IDBI
B. UCO Bank
C. Yes Bank
D. ICICI

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Q10. Which statement is not true for Demat Account ?

A. Dematerialized account is opened by the investor while registering with an investment broker.
B. Purchases and sales of securities on the Dematerialized account are automatically made once transactions are confirmed and completed.
C. A demat account also helps avoid problems typically associated with physical share certificates .
D. Increased paperwork for transfer of securities .

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Q11. Punch line of “Union Bank of India” is _____

A. Good People to Grow With
B. Good people to Bank With
C. A Friend you can Bank upon.
D. Trusted Family Bank.

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Q12. Most Risk Free Assets of a bank as per the RBI Guidelines ?

A. Govt. Approved Securities
B. Credit Card.
C. Loans to Public Sector Understandings
D. Consumer Credit.

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Q13. Which is not the functions of RBI ?

A. Short term lending.
B. Currency Authority.
C. Banker of the Banks.
D. Management of Loan Recovery

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Q14. Which committee had recommended some penal measures against the Willful Defaults ?

A. Narsimham Committee
B. SS Kohli Committee
C. Shungloo Committee
D. J Reddy Committee

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Q15. YV Reddy committee has done Reforms in ______ ?

A. Rural Credit
B. Direct Taxes
C. Review of rural Financing System
D. Small Savings

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Q16. Which option is correct ?

The First Narsimham Committee Recommended regarding RRBs that :

A. Expansions of Business.
B. They will lend only to weaker section of the society, charging lower interest rates.
C. RRBs should be permitted to engage in all types of banking business and should not be forced to restrict their operations to the target groups.
D. None of these.

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Q17. SARFAESI Act is also known as ______ .

A. Security and Revenue of Financial Assets and Enforcement of Security Interest Authority Act.
B. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act.
C. Securitisation, Assets and Reconstruction of Financial Enforcement of Security Interest Act.
D. None of these

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Q18. Which option best defines Base Rate ?

A. It is the minimum rate below which Bank’s are not permitted to lend barring certain exceptions.
B. It is the minimum rate below which Bank’s are not transfer any money from one’s A/c to another.
C. It is the minimum rate below which Bank’s are not permit to open any account.
D. None of these.

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Q19. Headquarter of NABARD is situated in _____?

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

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Q20. Which city gets the countries first in India ?

A. Bangalore
B. Hyderabad
C. Ahmedabad
D. New Delhi

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Q21. Which statement is true for “RuPay” ?

A. It is a Debit cum Credit Card.
B. It is the Scheme launched by Govt. of India.
C. Indian Domestic Card payment Network.
D. All of the above.

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Q22. EXIM Bank is abbreviated as _____ .

A. Export Institutional Bank of India.
B. Export Import Bank of India.
C. Export Import Management Bank.
D. Export Exchange of India Managers Bank.

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Q23. Which is not true for “IFCI” ?

A. It is abbreviated as Industrial Finance Corporation of India.
B. IFCI was first Development Financial Institution in India.
C. IFCI was established on July 1, 1949.
D. It is abbreviated as Industrial Finance Corporation of Institution.

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Q24. Headquarter of Allahabad Bank is situated in ______ .

A. Mumbai.
B. Allahabad.
C. Lucknow.
D. Kolkata

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Q25. State Bank of India is a State Owned Bank ?

A. True
B. False

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