Monday, February 27, 2012

SBI - IBPS - Model question paper Clerk PO(Banking Industry and Finance Only ) - 1 (Sample question paper) - Answers



SBI - IBPS - Model question paper Clerk PO(Banking Industry and Finance Only ) - 1 (Sample question paper) with ANSWER KEY:

This will be useful in SBI, IBPS clerical and probationary officer(PO) exams...
Practice these papers and do well in the exams... Good luck... Enjoy the exam...


1. Bank for Interntional settlements is situated at
  1. Basel, Switzerland
2. 'Swabhiman' is a campaign launched fo

     3. Financial Inclusion

3. During the 2011-12 annual budget, the finance minister has targeted covering 73000 new areas with population of _____ and above under banking services by March 2012.

     2. 2000

4. The initial minimum capital required to set up new banks has been fixed at Rs. _____ crore.

     3. 500

5. RBI has issued guidelines for issuance of fresh licence to banks. As per them, new banks can be set up only through a wholly owned Non-Operative Holding Company (NOHC). The NOHC will have to hold a minimum _______% of the paid up capital for five years.

      2. 40

6. New entities that seek fresh banking licence have to open at least _____% of their branches in unbanked rural centers. (Populations up to 9999 as per 2001 census).

       2. 25

7. Foreign investment (FDI + FII + NRI) for new banks has been capped at ______% for initial five years.


       2. 49


8. In existing banks foreign share holding is permitted up to ____%.
      
       2. 74
9. SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act enables financial institutions to
  1. Recover bad loans
10. Ranjana Sadashiv Sonwane was the first person to get Aadhar Number in India. She is a tribal woman from Tembhali village in Nandurbar in

      5. Maharashtra

11. Aadhar is a ______digit unique number provided by Unique Identification Authority of India (UIDAI)

       2. 12

12. UIDAI stores in a centralised database the folowing information of citizens except

       5. DNA Details

13. Who is the President of World Bank ?
  1. Robert B Zoellick
14. Who is the MD of IMF ?

     5. Ms. Christine Lagarde

15. Who is the Deputy Chairman of Planning Commission ? 

     4.  Montek Singh Ahluwalia
16. The 12th Five Year Plan would begin in the year____.

     2.  2012

17. Who owns State Bank of India now ?

     4.  Majority shares are with Government of India while the balance is owned by private people

18. Who is considered the 'Lender of Last Resort' in India ?
  1. RBI
19. Maximum amount per transaction using NEFT is limited to______.

     3.  Rs. 200000

20. What is the minimum service charge per transaction for NEFT/RTGS ?
  1. Rs. 6
21. Banks allow 'no frill account' now. What is their peculiarity ?

     2.  No minimum balance requirements

22. Renminby is the official currency of______

     2.  China

23. Which is the biggest financial institution in India ?

     3.  LIC

24. India's first rural bank ATM card was issued by National Payments Corporation of India for the Kashi Gomti Samyut Gramin Bank. This card is named ________
  1. Rupay Grmin Card
25. The above mentioned card was launched in association with_____

     2.   Union Bank of India

26. Which of the following is NOT a pubic sector bank functioning in India now ?

     4.   New Bank of India

27. From which state was the Janani-Shishu Suraksha Karyakram (JSSK) of the Ministry of Health and Family Welfare launched recently ?

     3.   Haryana

28. SCORES is a complains redressal system launched by ________
  1. SEBI
29. Direct Tax collections account for what share of GDP in India ?

     3.   5.66 %

30. The National Broadband Plan is aimed at rolling out broadband infrastructure to every village with more than _____ people.
  1. 500
31. Which of the following have been disallowed from opening branches abroad by the RBI ?

     4.   NBFCs

32. What is India's per capita income at current prices in 2010-11 ?

     4.   Rs. 54835

33. What is the share of micro small and medium enterprises (MSMEs) in India's industrial production ?

     4.   44.86 %

34. Goa became the first state in the country to launch cashless health insurance scheme "______ Arogya Bhima Yojana" for its entire population in September 2011.

     4.   Swarnajayanti

35. Which of the following is a  private sector bank ?

     2.   Karur Vysya Bank

36. With which of the following has India Post tied up to provide money transfer service to enable those working abroad to remit money to their dependents in India not having bank accounts.

  1. Money Gram
37. What is the full form of DGFT ?
     3.  Director General of Foreign Trade

38. The RBI capped bank investments in to liquid schemes to what per cent of the bank's net worth ?
     2.  10 %

39. Which of the following bodies in April 2011 modified the norms for appointment of its internal auditor ?

  1. SEBI
40. NASSCOM Chairman ?

  1. Rajendra Singh Pawar

Worth reading