Banking Awareness Questions and Answers for IBPS Specialist Officer
1. RBI generally reviews the monetary policy every
A. three months B. six months C. Nine months D. Ten months
2. The RBI was set up on the recommendations of the
A. Narasimham committee
B. Hilton young commission
C. Mahalanobis committee
D. Fazal ali commission
3. The RBI had divested its stake in state bank of India
A. IDBI bank B. LIC C. ICICI bank D. Government of India
4. At present the RBI holds one percent of shareholding in
A. state bank of India
B. National housing bank
C. National bank for agriculture and rural Development
D. State bank of Hyderabad
5. In India RBI prescribes the minimum SLR level for the scheduled commercial banks in India in specified assets as a percentage of banks
A. Net demand and time liabilities
B. demand liabilities
C. Time liabilities
D. None of above
6. The RBI has adopted ______model in which mobile banking is promoted through business correspondents of banks.
A. Bank led B. Bank mobile C. Mobile D. All of these
7. Banks are authorized to sell third party products. Which are these products?
A. Mutual funds B. Term deposits C. Credit cards D. Gift cheques
8. The divisional office of the LIC is salary of India are in business of insurance?
A. Lucknow B. Bhopal C. Bengaluru D. Mumbai
9. Punjab has a stock exchange at-
A. faridkot B. Amritsar C. Jalandhar D. Ludhiana
10. Development means Economic growth plus-
A. Inflation B. Social change C. Deflation D. None of these
11. Revenue receipts of the India govt. Do not include
A. Rent and property
B. Interest
C. Profits and dividends
D. None of these
12. To how many more people does the Government to impart vocational skills by the end of the 12th five year plan.
A. 50 million B. 60 million C. 70 million D. 80 million
13. Who Nationalized the 14 banks in 1969?
A. Rajiv Gandhi B. Indira Gandhi C. V.P singh D. Morarji desai
14. When was the Currency note Rs.1000 issued
A. 1999 B. 2000 C. 2001 D. 2002
15. Where is security paper mills located
A. Ganga nagar B. Hoshiarpur C. Hoshangabad D. Kalka
16. Tax imposed to attain additional Revenue
A. Punishment B. Extra fee C. Surcharge D. None of these
17. How many Currencies are used in the real effective exchange rate ?
A.10 B.20 C.36 D.30
18. Income on which payment of tax is evaded is called…
A. White money B. Black money C. Both a and b D. None of these
19. To improve Indian Economy the govt. Introduced
A. TADA B. PUDA C.VAT D. POTA
20. The bank that deal at the district level is
A. Punjab National bank
B. Central Cooperative bank
C. Vijay bank
D. Dena bank
21. Coins are minted at
A. Noida, Mumbai
B. Kolkata, Hyderabad
C. All of the above
D. None of these
22. The price system ensures
A. Efficiency in production
B. Allocation of goods to those who can pay for it
C. Equity in distribution
D. None of these
23. Every year which organization prepare the doing business report?
A. IMF B. World bank C. Asian Development bank D. UNICEF
24. Most important small scale industry of India
A. Basket ball B. Paper industry C. Handloom D. None of these
25. Demand of a commodity mainly depends upon
A. Tax policy B. Desire to purchase C. Power to purchase D. Advertisement
26. The Indian rupee is a
A. Token coin B. Standard token coin C. Standard coin D. Gold coin
27. When the RBI desires to restrict expansion of credit it
A. Raises the bank rate
B. Reduces the bank rates
C. Freezes the bank rate
D. None of these
28. Social control was imposed on commercial banks effective from
A. 2nd October 1965 B. 1st February 1969 C. 1st April 1967 D. All of these
29. Which of the following is not a party of bill of exchange
A. The drawer B. The drawee C. The payee D. The endorser
30. Cooperative banks in India do not finance rural areas under
A. Farming B. Cattle C. Milk D. Small scale units
Answers:
1. A 2.B 3.D 4.C 5.A
6. D 7.A 8.D 9.D 10.B
11. A 12.C 13.B 14.B 15.C
16. C 17.C 18.B 19.C 20.B
21. C 22.B 23.B 24.C 25.B
26. B 27.A 28.B 29.D 30.D
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