Banking Awareness Questions :: IBPS PO & Clerks Set 4 Question And Answers

Quantitative Aptitude
Verbal Ability

1. Foreign Direct Investment limit in private sector banks is?

A. 75 percent B. 74 percent
C. 77 percent D. 78 percent

2. Ways and means Advances was in force since?

A. 1977, April 1st B. 1978, April 1st
C. 1979, April 1st D. 1975, April 1st

3. The main funciton of NABARD is?

A. to provide financing facility B. to provide refinancing facility
C. to furnish refinancing facility D. None of these

4. In which circumastance Dear money policy will be adopted by Reserve Bank of India?

A. Inflation B. inflatable
C. disinflation D. ostentation

5. Banking companies (Aquisition and transfer of Undertaking) Act was passed in?

A. 1976 B. 1970
C. 1971 D. 1972

6. Which of the following is NOT among the six infrastructure industries that comprise the "Core Sector"?

A. Crude Oil B. Petroleum refinery products
C. Chemicals and fertilizers D. Coal

7. A systematic record of all economic transactions between residents of a country and the rest of the world in a year is known as?

A. Net Capital Flow B. Balance of Payments
C. Balance of Trade D. Absolute Flow

8. Which is the first Committee that gave its recommendations relating to Mechanization of Banking System?

A. Saraf Committee B. Rangarajan Committee
C. Kishore Committee D. Narsimhan Committee

9. Which one of the following is a Transfer Payment?

A. Net Factor Income earned from abroad B. Interest on public debt paid by the Govt
C. Bonus to employees by the govt or enterprises D. Employer's contribution to contributory provident fund of employees

10. Which of the following is NOT the part of the scheduled banking structure in India?

A. Money Lenders B. Public Sector Banks
C. Private Sector Banks D. Regional Rural Banks

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