Banking Awareness Questions :: IBPS PO Clerks Set 17 Question And Answers

Quantitative Aptitude
Verbal Ability

1. Who amongst the following was never the Finance Minister of India?

A. Dr. Manmohan Singh B. P. Chidambaram
C. Yashwant Sinha D. Kamal Nath

2. SOme banks are financing big projects like construction of roads / bridges etc. Financing such projects means banks are helping exactly in

A. Infrastructural development B. Project Management
C. Developing core sector industry D. Financial Inclusions

3. Which of the following is /  are commodity / commodities on which subsidy is given to farmers / poor in India?
A. Fertilizer
B. Kerosene

A. Only A B. Only B
C. Only C D. All A, B and C

4. The liquidity aggregate L1, as per recommendations of YB Reddy Committee represents which of the following?
A. M1 +Deposits of financial Institutions
B. M1 + Deposits of Post Office
C. M2 + Deposits of financial institutions and post office
D. M3 + Deposits of post offices excluding NSCs (National Saving Certificate)

A. Only A B. Both B and C
C. Only D D. Only B

5. BIFR stands for?

A. Board for Industrial and Financial Reconstruction B. Bureau for Income and Free Reconstruction
C. Bureau of Industrial and Framed Reconstruction D. Bureau of Information and Framework Rights

6. The system of Note Issue followed by Reserve Bank of India is?

A. Proportaional Reserve System B. Minimum Reserve System
C. Minimum Fiduciary System D. Maximum Fiduciary System

7. Which of the following schemes was launched during 2010-11 by the Govt of India with an initial fund of Rs 100 Crores?

A. Mahila Kisan Sashaktikaran Pariyojana B. Bachward Region Grand Fund
C. Scheme for Women and Child Developmetn D. Sabke Liye Swasthya Yojana

8. Payment of a lost Demand Draft is made to the ________________

A. Purchaser B. RBI
C. Friend of purchaser D. Guarantor

9. If the Original Demand Draft is lost, the bank issues duplicate Demand Draft, by taking ___________ ?

A. Permission from RBI B. Assurance form the purchaser of Draft on white paper
C. Rs. 50 as simply penalty D. Indemnity bond from the purchaser of Draft

10. Unsigned Demand Draft is presented for payment, then drawee branch should?

A. Dishonor it, since it does not have a mandate of the drawer bank to pay. B. Honor it as it is a negotiable instrument
C. Honor it after seeking complaint from the collecting bank. D. Pay simply as it is issued by another bank

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