Banking Awareness Questions :: IBPS PO Clerks Set 11 Question And Answers

Quantitative Aptitude
Verbal Ability

11. The primary functions of the service co-operatives are

A. provision of short and medium-term credit B. supply of agricultural and other production requirements
C. collection of agricultural produce for sale through the marketing society D. all of these
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12. FIMMDA stands for

A. Foreign investment Markets and Derivatives market Association B. Fixed Income Money Markets and Derivatives Association
C. Fixed Income and Money Market Development Association D. Floating Income and Money Markets Derivative Assets
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13. Bancassurance is _______

A. an insurance scheme to insure bank deposits B. an insurance scheme exclusively for the employees banks
C. a composite financial service offering both bank and insurance products D. a bank deposit scheme exclusively for employees of insurance companies
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14. 'Sugam' is a scheme launched for

A. small tax payers B. Pensioners getting old age pension
C. Big corporate houses D. Getting all sorts of permission / clearances for small exporters
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15. The regulator of the banking system in India is ___________

A. AMFI B. Finance Minister
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16. What is the required minimum worth of any NBFC (Non Banking Financial Company) should have to set up White Label ATMs?

A. 50 Crores B. 100 Crores
C. 500 Crores D. 1000 Crores
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17. State Bank of India ties up with Banco Bibao Vizcaya Argentaria, S.A (BBVA) to develop business operations. Banco Bibao Vizcaya Argentaria head office is located in ?

A. Sweden B. Spain
C. India D. Argentina
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18. First Indian IMGC has set up by NGH (National Housing Bank), IFC (International Finance Corporation), US based Gen worth and ADB (Asian Development Bank). IMGC stands for?

A. Indian Money Guarantee Company B. Indian Maturity Guarantee Corporation
C. International Money Guarantee Company D. Indian Mortgage Guarantee Company
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19. Which International Monetary Organization funded North East Rural Livelihood Project (NERLP) in the four states of Mizoram, Nagaland, Sikkim and Tripura?

A. World Bank B. USAID
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20. Which Indian Banking Group has attained more than 51,000 ATMs by 31st March 2014?

A. SBI (including it's associates) B. Union Bank of India
C. Indian Bank D. ICICI
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