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

Quantitative Aptitude
Verbal Ability

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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11. In a company the use of proce sensitive corporate informatin by the company people to make gains or cover loss known as?

A. Insider trading B. future trading
C. Foreign Trading D. Stock Trading
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12. As we all knwo "Mobile Banking" is comparatively a new mode of bankign all over the world, what is its status in India?
A. The willingness to conduct banking through mobile devices is higher in India
B. About 4% of total m-commerce transactions have taken place in the first few months of the current fiscal year in India
C. Since RBI's permission is needed for offering mobile banking, only two private banks are providing this service at present

A. Only A B. Only B
C. Only C D. All A, B and C
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13. Expand the term IFRS

A. Indian Financial Reporting Standards B. Indian Financial Reporting Systems
C. International Financial Reporting Standards D. International Financial Reporting Systems
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14. Consider the following statements
A. With growing saivngs among households in India, the need for retail credit is declining.
B. The Banking Ombudsman is a senior official appointed by the RBI
Which among the statements given above is / are correct?

A. Only A B. Only B
C. Both A and B D. Neither A nor B
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15. Which of the following fall in teh category of refinance institutions?

C. National Housing Bank (NHB) D. All of these
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