Banking Awareness Questions – Practice Set 5

General Awareness Questions for IBPS Clerk, IBPS PO/MT recruitment examinations with special reference to the Banking Industry.

  1. We often come across the term Production Sharing Contract (PSC) in financial news these days. PSC refers to sharing of output with the government by companies, public sector as well private ones, in which sector? a) Fertiliser b) Food Processing c) Telecoms 4) Petroleum 5) None of these
  2. Which public sector bank completed the acquisition JSC Daba Bank of Kazakhstan recently? a) Dena Bank b) Canara Bank c) PNB d)Bank of India e) None of these
  3. The apex body in Insurance sector in India is a) SEBI b) RBI c) Ministry of Finance d) IRDA e) None of these
  4. Which of the following has become the first state to sign a MoU with Ministry of Statistics and Programme Implementation under the state statistical strengthening project (SSSP) that will aim at building at statistical capacity and infrastructure recently? – a) Uttar Pradesh b) Karnataka c) Kerala d) Tamil Nadu 5) None of these
  5. Life insurance corporation of India was created in which year? – a) 1st September 1956 b) 1st January 1956 c) 22nd November 1972 d) 1st April 1949
  6. Cairo Programme of Action (POA) refers to which of the following ? -a) Vaccination b) Adult Literacy c) Food Security d) Population control e) None of these
  7. Industrial Development Bank of India (IDBI) was established in which year ? – a) 1956 b) 1964 c) 1982 d) 1988
  8. Which of the following has/have been selected as the sole fund manager by the Employees Provident Fund Organisation (EPFO) to manage its corpus of about Rs. 3.5 Lakh recently? – a) State Bank of India b) ICICI Prudential c) HSBC d) Reliance Capital e) none of these
  9. What is the objective of the central registry launched under the provision of the SARFAESI Act 2002, recently? a) To Prevent leakage of funds in delivery of central government sponsored rural employment schemes b) To prevent tax evasion by Indians by keeping track of large transactions in the banking system. c) To prevent frauds in loan cases involving multiple lending from different banks on the same asset d) To ensure timely delivery of agricltural credit under priority sector norms by Public Sector Banks e) None of these
  10. Rabobank has received  the Reserve Bank of India approval to set up its first branch in India recently. It is a bank headquartered in which country? -) France b) Belgium c) Britain d) Netherlands e) None of these
  11. Justice Wadhwa Committee is reviewing the functioning of which of the following? a) Mid-Day meal programme b) Public distribution system c) Rashtriya Swasthya Bima Yojna d)Indira Awas Yojna  e) None of these
  12. Which of the state was in news for passing a Bill for regulating Micro Finance Institutions recently? a) Tamil Nadu b)Bihar c) Karnataka d) Andhra Pradesh e) None of these
  13. The ministry of New and Renewable Energy has decided to tie-up with which country to tap the latter’s expertise in exploiting geo-thermal energy resources recently? a) South Africa b) Iran c) Iceland d) Bolvia e) None of these
  14. In which year National Housing Bank was established? a) 1998 b) 1988 c) 1978 d) 1982
  15. The pension fund regulatory and development authority (PFRDA) has taken which of the following decision to popularize the New Pension System (NPS) recently? a) It has increased government subsidy for NPS deposit holders b) It has increased distributors commission. c) It has allowed premature withdrawal d) It has increased the interest rate  on NPS deposits
  16. The general insurance business in India was nationalised by Government of India in which year ? -a) 1971 b) 1972 c) 1982 d) 1956
  17. What is meant by recent news reports saying -“Indian Rupee is appreciating”? – I. The purchasing power of the Rupee in India has declined  II.  The Exchange rate of Rupee in India has gobe up III. The purchasing power of the Rupee in India has gone up
    a) I Only b) II only c) Both II and III d) III only e) None of these
  18. GRIHA rating system is used for which of the following? – a) Cement b) NBFC’s c) Buildings d) Gold e) None of these
  19. Which of the Public Sector Companies Sold Gold coins and Silver ornaments under the trademark ‘Sanchi’ ? – a) Rate Earths Ltd b) Minerals and Metals Tradng Corporation (MMTC) c) State Trading Corporating (STC) d) National Minerall Development Corporation (NMDC) e) None of these
  20. General Engineering Appraisal Committee (GECA) recently gave its approval for field trials of a generically modified variety of which of the following cash crops? – a) Coconut b) Rubber c) Pepper d) Cardamom e) None of these
  21. What does the word ‘remittances’, a word we often come across in newspaper article on Foreign exchange reserve, refers to – a) Money transfer by a Migrant worker to their home country b) Postponement of Payment to the IMF c) Donation by Individuals to a charity d) Taxation obligation of developing countries
  22.   What is the objective of the National Mission for Electric Mobility launched recently ? a) Promoting the use of Battery operated vehicles b) Prmoting the use of energy savings devices c) Promoting the replacement of diesel by electric locomotives in Indian railway d) Promoting the spread of mobile services in Rural Areas in India
  23. Which state in India has launched the  ‘Jeevandhara’ programme to provide quality medicines at affordable prices to the poor recently ? – a) Andhra Pradesh b) Gujrat c) Maharastra d) Rajasthan e) none of these
  24. What is the objective of India Smart Grid Forum (ISGF)? – a) To Promote R and D collaboration between universities and industry b) To promote energy efficiency in power sector c) to promote the use of Non-renewable source of energy d) To promote higher education using Broadband.
  25. Which of the following became the India’s first bank to facilitate payment of Income tax using ATM recently? – a) State Bank of India b) Union Bank of India c) Punjab National Bank d) Canara Bank
  26. The government had approved the creation of posts of ‘Indirect Tax Ombudsmen’ in several cities recently? – I. It will be set up in Seven Cities II. It will examine public complaints on Income Tax matters III. It will have the powers to give settle claims and give “awards” to the aggrieved parties
    a) I only b) II Only c) II and III Only d) I and III Only
  27. Which of the following statement is/are correct about the distribution of Central Financial Assistance to states? I. Central Financial Assistance for States is calculated according to the Gadgil Formula b) The highest weightage is given to the per capita income of the state III. The lowest weightage is given to the population of the state.
    a) I Only b) II only c) I and II only d) III only
  28. The all india federation of Horological Industries represents the Interest of Which of the Following Sectors? a) Watch b) Horticulture c) Gems and Jewelery d) Pharmaceuticals e) None of these
  29. The abbreviation ‘EAG States’ mentioned in the Census 2011 referes to which of the following? – a) Eligible Action Group States b) Economically Advancing Group States c) Empowered Action Group States d) Empowered Advancing Group States
  30. Power produced from which of the following sources has the highest share in India’s annual power generation capacity? – a) Hydro b) Coal c) Gas d) Nuclear e) None of these

12 thoughts on “Banking Awareness Questions – Practice Set 5

  1. good and important ques.thanks

  2. very good questions , questions like these are really needed for banks prep .

  3. Very Nice questions..

  4. Very Nice questions.. This type of i was searching from long time

  5. very useful to the people who are preparing to the banking exams

  6. sandeep kumar says:


  7. Saini Preeti56 says:

    Are these questions are enough for upcoming SBI clerk exams on 27th May, 2012
    Tell me

    • hey preeti u cant just rely on the internet for gk n ol go for axiom update it is being published on monthly basis from chandigarh it’ll definitely help u ol d best 

  8. thanx admin 4 ur brilliant effort

  9. rakesh verma says:

    how to copy the points from this website for my records

  10. hey y dnt u post it in pdf file… its very difficult to read

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