IBPS Clerk Exam General Awareness question and answers part-IV

IBPS Clerk Exam General Awareness question and answers part-IV

IBPS CLERKS (GENERAL AWARENESS)

1.An Institution whose principle business is accepting deposits and forwards the loans is called………………

1) Bank
2) Mutual Fund Business
3) Ombudsman
4) Company
5) None

2. The chief activities of bank do not include –

1) Providing loans
2) Accepting deposits
3) Providing lockers
4) Issuing Negotiable Instruments
5) Selling Real Estate properties

3. Chief functions of banks do not include…………..

1) Accepting Cheque in the form of deposit
2) Allowing the transfer of funds
3) Doing agriculture activity
4) Providing foreign exchange
5) none

4. Which of the following term do not represent any part of the Banking Technology?

1) NEFT
2) RTGS
3) ITC
4) CBS
5) M – Banking

5. Payment and Settlement System Act passes in…………….

1) 2007
2) 2001
3) 2010
4) 2000
5) 1991

6. The MICR cheque details given. Pick the wrong statement.

1) MICR means Magnetic Ink Character
2) MICR introduced to increase the standards of the cheques
3) MICR issued by bank
4) In the MICR portion, the customer not allowed to write anything
5) None

7. The MICR cheque details given. Pick the incorrect one.

1) In the MICR cheques, MICR bears 9 digits
2) First 3 digits represent city name/district name etc.
3) Next 3 digits represent bank name
4) Last 3 digits represent branch code
5) MICR cheque increase the counterfeit cheques

8. ECS means…………….

1) Electronic Clearing Style
2) Electronic Clean Scheme
3) Electronic Clearing Scheme
4) Electronic Close Scheme
5) Electronic Clearing Scheme

9. SFMS means ……………..

1) Structured Financial Mean Solution
2) Single Financial Messaging Solution
3) Simple Financial Messaging Solution
4) Structure Financial Messaging Solution
5) Structure Financial Messaging SMS

10. INRFS means ………………..

1) Indo –NRI Remittance Facility Scheme
2) Indo –Nepal Remittance Force Scheme
3) Indo-Nepal Rule Facility Scheme
4) Indo- Nepal Remittance Facility Scheme
5) Indo-Netherlands Remittance Facility Scheme

11. NEFT means………………

1) National Election Fund Transfer
2) National Electronic Fund Transfer
3) National Electronic Fund Transmission
4) National Electronic Fund Transfer
5) National Electronic Fund Truncation

12. Which electronic fund transfer system run on the basis of ‘Deferred Net Settlement’?

1) RTGS
2) SMS
3) NEFT
4) ROLL ON
5) IFSC

13. RTGS means…………….

1) Real Time Government Settlement
2) Real Top Gross Settlement
3) Real Time Gross Settlement
4) Roll Time Gross Settlement
5) Real Time Group Settlement

14. Minimum amount to be remitted through RTGS is …………………

1) Rs. 10 Lakh
2) Rs. 100 Lakh
3) Rs. 2Lakh
4) Rs. 7 Lakh
5) Rs. 5 Lakh

15. The upper limit in the transactions of RTGS is…………….

1) Rs. 5Lakh
2) Rs. 20 Lakh
3) Rs. 8 Lakh
4) Rs. 50 Lakh
5) There is no upper limit

16. Beneficiary bank has to credit the beneficiary’s account within ……..hours of receiving the funds transfer message as per the order of RBI.

1) Three
2) Two
3) Four
4) Five
5) Six

17. In the both cases of RTGS and NEFT, the service charges are decided by………….

1) Customer
2) Transferor
3) Transferee
4) Banker
5) International Monetary Fund

18. In Online transactions, IFSC code given. Pick the wrong option related to it.

1) IFSC is an alphanumeric code that uniquely identifies a bank-branch participating in the NEFT system and RTGS system
2) IFSC means Indian Financial System Code
3) It will have 11 digits
4) First 4 digits tell the location of bank head-office
5) Fifth digit is always zero and the last 6 digits tell about the branch code

19. On 26th September 2012, World Bank opened Climate Innovation Centre in –

1) South Africa
2) Zimbabwe
3) Chad
4) Zambia
5) Kenya

20. List of Dams given. Which combination is wrongly matched one.

1) Polavaram –Andhra Pradesh
2) Sardar Sarovar Dam – Arunachal Pradesh
3) Baglihar – Jammu & Kashmir
4) Idukki – Kerala
5) Khadakwasla – Maharashtra

21. ‘e – Choupal’ is the Rural marketing network initiative of………………..

1) Haryana Government
2) ICICI Bank
3) Coca – Cola
4) Ministry of Rural Development
5) ITC

22. Soccer legend Diego Maradona visited India recently. He belongs to ……………..

1) Mexico
2) USA
3) Australia
4) Argentina
5) Brazil

23. India and Saudi Arabia joint committee on defense cooperation held on 10th September 2012 at…………..

1) Riyadh
2) Mumbai
3) Hyderabad
4) New Delhi
5) Kolkata

24. As per the “Accidental Deaths and Suicides in India 2011” report, in which state the highest number of suicides recorded?

1) West Bengal
2) Tamilnadu
3) Maharashtra
4) Andhra Pradesh
5) Jammu @ Kashmir

25. Indo-foreign relations are given. The wrong combination is……………

1) Japan and India launched a joint research project into pricing structures in LNG markets on 10th October 2012
2) France and India signed an agreement in the field of sustainable Urban Development
3) USA and India agreed to enhance renewable energy Cooperation
4) Russia and India agreed to cancel the Joint Venture of manufacturing of BRAHOMS Missile
5) Pakistan and India signed three pacts to boost the economic relations.

26. Save Ganga, Save Dolphin is the campaign started in ……………

1) Haryana
2) Punjab
3) Himachal Pradesh
4) Uttar Pradesh
5) Karnataka

27. Which day celebrated as the ‘Dolphin Day in Bihar’?

1) 25th October
2) 14th September
3) 5th October
4) 14th February
5) 25th December

28. Indira Gandhi award for National Integration conferred on ………….

1) Amitab Bachan
2) Vargeese Kurien
3) Javed Akthar
4) Gulzar
5) Sonia Gandhi

29. New issue of shares is made in ……………..

1) Secondary Market
2) Online Secondary Market
3) SENSEX Market
4) Primary Market
5) None

30. An important source of capital formation in India has been …………

1) Household savings
2) Public sector savings
3) RBI savings
4) Government revenue surpluses
5) Corporate savings s

KEY
1-1; 2-5; 3-3; 4-3; 5-1; 6-5; 7-5; 8-5;9-4; 10-4; 11-4; 12-3; 13- 3; 14-3; 15-5; 16-2;17-4; 18-4; 19-5; 20-2; 21-5; 22-4; 23-4; 24-1; 25-4; 26-4; 27-3; 28-4; 29-4; 30-1.

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