Banking Awareness Questions :: IBPS PO Clerks Set 18 Question And Answers

Quantitative Aptitude
Reasoning
Programming
Verbal Ability





























11. The wrong statement relating to Mutual Funds (MF) is ?

A. It collects the savings of a large number of investors for investment purposes B. MF invest in capital markets like stocks and other securities
C. Profit generation and investment process shared among the investors is a continuous process, as MF business is profitable both to investor and fund manager D. None
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12. The reason to say Mutual Funds (MF) safer than share trading because ?

A. Professionally Managed B. Tax Saving Option
C. Diversified Portfolio D. All of the above
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13. Who regulates the Mutual Funds ?

A. RBI B. SEBI
C. TROY D. TRAI
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14. Unit Trust of India was the first mutual fund set up in India in the year ?

A. 1963 B. 1971
C. 1981 D. 1991
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15. A mutual fund is set up in the form of a trust, which has sponsor, trustees, AMC and custodian. AMC means ?

A. Asset Management Company B. Asset Money Company
C. Assign Management Company D. Assignment Management Company
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16. Important statements of Bridge Loan in Home Loan given. Pick the wrong statement ?

A. Bridge Loan also available in Home Loans B. It helps finance the new home, until a buyer is found for the old home
C. It is designed for people who wish to sell the existing home and purchase another D. It is not available in Metro cities
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17. Non-Performing Assets (NPA) includes

A. Interest and / or installment of principal remain overdue for a period of more than 90 days in respect of a term loan B. The account remaining 'out of order' for a period of more than 90 days in respect of an overdraft / cash credit
C. The bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted D. All the above
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18. A UN report has revealed that despite widespread poverty in the country, India is on track to meet the United Nations' Millennium Development Goal (MDG) of poverty reduction by ?

A. 2015 B. 2014
C. 2018 D. 2020
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19. A UN report has revealed that despite widespread poverty in the country, India is on track to meet the United Nations' Millennium Development Goal (MDG) of poverty reduction by ?

A. 2015 B. 2014
C. 2018 D. 2020
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20. SWIFT means ?

A. Society for World Wide Interbank Financial Telecommunication B. Society for World Wide International Financial Telecommunication
C. Society for World Wide Interbank Functionality Telecommunication D. Society for World Wide Interbank Financial Technologies
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