Banking Jobs IBPS Questions

Sep 18, 2011

Bank Of India Banking Awareness Question Papers


Q1. Central Banking Investigation committee recommended in 1930 to establish .........?
 1) SBI
 2) SEBI
 3) RBI
 4) ONGC
 5) Allahabad Bank

Q2. Reserve Bank of India was started with a share capital of Rs .........crores on 1 April 1935?
 1) 100
 2) 200
 3) 5
 4) 15
 5) 250

Q3. All India Credit Survey Committee(1952) suggested to set up .........?
 1) SBI
 2) RBI
 3) NABARD
 4) SBH
 5) IRDA

Q4. The first credit card was issued in India by VISA in .........?
 1)1994
 2)1991
 3)2001
 4)1986
 5)1981

Q5. First international credit card issued by..........through VISA, getting special permission from RBI in 1987?
 1) Andhra Bank
 2) Corporation bank
 3) ICICI
 4) HDFC
 5) None


Q6. The Central Government decided to give the loans to SHG(Self Help Groups) at .........% on par with Agriculture. ( International summit on Micro finance and Inclusive Development held on June 21, 2011 at Hyderabad)?
 1) 6
 2) 10
 3) 15
 4) 11
 5) 7

Q7. The Local area banks were permitted to establish in .........?
 1) 1986
 2) 2001
 3) 2006
 4) 1991
 5) 1996

Q8. Expand ECGC Ltd .........?
 1) Export Cash Guarantee Corporation of India Life
 2) Export Credit Guild Corporation of India Loop
 3) Export Credit Guarantee Company of India Liability
 4) Expand Credit Guarantee Corporation of India Limited
 5) Export Credit Guarantee Corporation of India Limited

Q9. RBI conducts sales of dated securities and treasury bills through its .........?
 1) Statutory Liquidity Ratio (SLR)
 2) Negotiable Instruments
 3) Open Market Operations
 4) Bank Rate
 5) None

Q10. ......... got $95.16 million loan agreement with the Asian Development Bank to strengthen tourism sector?
 1) Goa
 2) Himachal Pradesh
 3) Andhra Pradesh
 4) Bihar
 5) Kerala

Q11. Central Bank of USA is .........?
 1) Bank of America
 2) Citi Bank
 3) Federal Reserve
 4) Reserve Bank of USA
 5) Obama bank

Q12. Government securities Act passed in .........to stream line the government securities?
 1) 2011
 2) 2006
 3) 2007
 4) 2009
 5) 2008

Q13. Hurricane Irene disturbed .........?
 1) India
 2) Pakistan
 3) USA
 4) Australia
 5) Japan

Q14. Transition economies mean .........?
 1) economies left modern economies and go to central or conventional set up
 2) countries transforming from dictator ship to autocrat rule
 3) economies that cancelled licensing system and hand over system to central bank
 4) countries left European Union to join USA Exchange system
 5) abandoned central or conventional set up and changing to modern market economies

Q15. Trotting Inflation means .........?
 1) When prices down moderately and the annual inflation rate is a single digit
 2) when prices rise in fast mode and the annual inflation rate is a double digit
 3) when prices rise slowly and the annual inflation rate is a single digit
 4) when prices rise moderately and the annual inflation rate is Zero
 5) When prices rise moderately and the annual inflation rate is a single digit

Q16. On 6 September 2011, UNCTAD's Trade and Development Report 2011, projected an economic growth of 8.1 per cent for India. Expand UNCTAD?
 1) United Nations Conference on Tier and Development
 2) Unit Nations Conference on Trade and Development
 3) United Nations Conference on Trade and Deal
 4) Unique Nations Conference on Trade and Development
 5) United Nations Conference on Trade and Development

Q17. ..........is the third largest trading partner for India?
 1) European Union
 2) Japan
 3) Russia
 4) USA
 5) Australia

Q18. ..........has sanctioned Rs. 1.5 crore to set up a kumki elephant (tamed/ trained) camp at Chadivayal at the foothills of Siruvani.?
 1) Kerala
 2) Karnataka
 3) Tamil Nadu
 4) Goa
 5) Odisha

Q19. ..........launched the First Gold Index in India with a Base Date of 2 January 2007?
 1) BSE
 2) CRISIL
 3) NSE
 4) SEBI
 5) RBI

Q20. On 8 July 2011, the Central Government issued the new series of coins with improved design and revised size. The coins are .....?
 1) 25 Paise, one rupee, two rupee, five rupee and ten rupee
 2) one rupee, two rupee, five rupee and ten rupee
 3) one rupee, two rupee, five rupee and hundred rupee
 4) 50 Paise , one rupee, two rupee, five rupee and thousand rupee
 5) 50 Paise, one rupee, two rupee, five rupee and ten rupee

Q21. ...........bank was penalized for Rs.25 lakh for violating norms relating to Know Your Customer (KYC)
 1) UCO
 2) Citi
 3) SBI
 4) Syndicate
 5) Andhra

Q22. RBI allowed domestic companies to issue shares against the import of .......... goods, allowing them to expand the business.
 1) Luxury
 2) Cheap
 3) Capital
 4) White
 5) Smuggled

Q23. The account in which trading of shares in their electronic form is ............?
 1) NRI account
 2) Foreign account
 3) Trio account
 4) Current account
 5) DEMAT account

Q24. The Modern Banking System includes ............?
 1) Customer Banking
 2) Infusion of IT
 3) Risk Based Management
 4) Add on Services
 5) All of above

Q25. ............is a term not used in Banking?
 1) Advance
 2) Garnishee
 3) Lien
 4) Emission
 5) Crossing

Q26. Which among the following is not a part of Institutional Banking?
 1) Commercial banks
 2) Private Banks 3) Money Lenders
 4) Co-operative Banks
 5) Regional Rural Banks

Q27. Central bank is going to insist on a minimum asset size of more than  Rs............crore for registering any new non-banking finance company (NBFC)?
 1) 100
 2) 500
 3) 50
 4) 150
 5) 60

Q28. On 13th August, ............ crores was abolished by the Union Government for hand weavers?
 1)1500
 2) 2000
 3) 3000
 4) 10000
 5) 7500

Q29. The World Bank says that the world may see another recession worst than 2008 due to ............region crises?
 1) USA
 2) UK
 3) France
 4) Germany
 5) Euro Zone

Q30. Expand EASIEST?
 1) Electronic Account System in Excise and Service Tariff
 2) Electric Accounting System in Excise and Service Tax
 3) Electronic Accounting System in Exemption and Service Tax
 4) Empowered Accounting System in Excise and Service Tax
 5) Electronic Accounting System in Excise and Service Tax

Q31. On 29 August 2011, RBI issued Draft guidelines regarding the Licensing of New Banks in the Private Sector. Find out one not among them?
 1) Entities having the share of 10 percent or more source of income from the construction sector/real estate not eligible to open new private banks
 2) New banks will be set up through a wholly owned Non-Operative Holding Company (NOHC)
 3) Minimum capital requirement will be 500 crore
 4) At least 50 per cent of the directors of the NOHC should be independent directors
 5) The aggregate non-resident share holding in the new bank shall not exceed 74 percent for the first 5 years