Banking Awareness Questions :: IBPS PO Clerks Set 14 Question And Answers

Quantitative Aptitude
Verbal Ability

1. The purchase of Shares and Bonds of Indian companies by Foreign Institutional investors is called

A. FDI B. Portfolio Investment
C. NRI Investment D. Foreign Indirect Investment
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2. The 'Food for Work' programme was renamed as

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3. In which of the following cases a bank account may be either closed by teh customer or the banker ?
A. If the bank account is not oeprating
B. When the banker wishes
C. On Insolvency of the customer
D. On the notice of nominee

A. A, B and C B. B, C and D
C. A, B, C and D D. B and C
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4. Which is the first Indian company to be listed in NASDAQ?

A. Reliance B. Infosys
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5. As we all know, the major source of income of the banks is lending money (providing credit) and earning interest on it. In normal circumstances, teh demand of the credit comes mainly from which of the following sectors?
A. Personal Loans
B. Priority Sector Lending and Bailout Packages
C. Project Finance

A. Only A B. Only B
C. Only C D. All A, B and C
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6. NABARD (National Bank for Agriculture and Rural Development) established JLG to extract the productive capability from rural population. JLG stands for?

A. Junior Link Group B. Join Life Group
C. Joint Line Group D. Joint Liability Group
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7. Which among the following has the function of recommending Minimum Support Prices for various commodities to teh Government?

A. National Farmers Commission B. Agriculture Cost & Price Commission
C. Department of Agricultur D. Central Statistical Organization
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8. Which of the following is NOT considered a money market instrument?

A. Treasury bills B. Repurchase Agreement
C. Commercial Paper D. Shares and bonds
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9. As per the guidelines issued by Department of Industrial Policy and Promotion (DIPP) in February 2009, any company with more than what fraction of foreign equity should be considered as a foreign company?

A. 51% B. 59%
C. 61% D. 71%
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10. Your friend gets Rs 10,0000 from his grand parents. He / She wants to invest thsi amount in a bank in such a way that he / she need not withdraw the amount partly or wholly for two years. What kind of account shoudl he / she open in the bank ?

A. Small Savings Account B. Term Deposit Account
C. Current Account D. Demat Account
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