Banking Awareness Questions :: IBPS PO & Clerks Set 3 Question And Answers

Quantitative Aptitude
Verbal Ability

16. Narasimhan deposited Rs. 10000/- in his savings account and got counterfoil. In his pass book, the deposit entry made and his present balance is Rs. 15,000/-. Later he got mobile alert that he deposited Rs. 1000/- only. Then __________

A. He need not worry because mobile alerts need not resemble the accurate balance in account. His balance stands at Rs. 15,000/- B. Narasimhan is eligible to withdraw Rs. 10000 only.
C. Bank asks Naraimhan to deposit Rs. 4000 again D. Mobile alert resembles the balance and his present balance is Rs. 11,000/- only
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17. Ananth received PIN (Personal Identification Number) for his debit card by registered post. Then _________

A. PIN is not confidential so he can share this anywhere B. He should inform this number to the Bank Manager
C. He should not share this number with anybody D. He can share this number with anybody
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18. If the point of sales terminals are non complaint of the fraud card transaction, issuing bank should pay the disputed amount to the customer within __________ working days.

A. 10 B. 20
C. 30 D. 7
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19. The wrong statement relating to Mutual Funds (MF) is ?

A. It collects the savings of a large number of investors for investment purposes B. Additions from the investment process shared among the investors
C. MF invest in capital markets like stocks and other securities D. None
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20. The reason to say Mutual Funds (MF) safer than share trading because ?

A. Professionally Managed B. Diversified Portfolio
C. Transparent Dealings D. All of the above
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21. The Government of India and World Bank Sign $500 Million Agreement recently to Improve Rural Water Supply and Sanitation Services in Four Indian States. What are these states ?

A. Uttar Pradesh, Assam, Bihar and Chennai B. Assam, Bihar, Jharkhand and Uttar Pradesh
C. Chennai, Bhopal, Bihar and Jharkhand D. Manipur, Bhopal, Odisha and Bangalore
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22. Who amongst the following Padma Bhushan awardees is a famous Banker ?

A. Chanda Kochhar B. Waheeda Rahman
C. Brajesh Mishra D. Azim H Premji
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23. While discussing investments, there is a mention of short term government security. What is this investment ?

A. Mutual Funds B. Debenture
C. Treasury Bill D. Share
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24. RBI on 1st April 2014, adopted which index as the key measure of Inflation on the basis of recommendations of Urjit R Patel Committee report on Revising and Strengthening the Monetary Policy Framework ?

A. Consumer Price Index B. Rooming Price Index
C. Manufacturing Price Index D. Wholesale Price Index
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25. In its first bi-monthly monetary policy statement issued on 1st April 2014, the RBI announced which major relief for saving bank account holders ?

A. KYC documents not necessary B. Banks to cut down services on low-balance accounts and do away with fines
C. Account holder not responsible for the deposited funds, so he is indirectly allowed to do money laundering D. Signature may not be tallied
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